Hut 8 and Bitmain have announced the launch of the Antminer U3S21EXPH, an ASIC miner featuring direct liquid-to-chip cooling within a U form factor. Hut 8 plans to deploy this model in the second quarter of 2025 through a hosting agreement that could expand its hashrate under management to approximately 33.5 exahash per second (EH/s). The post Bitmain’s new 860TH/s liquid cooled rack mounted Bitcoin miner built alongside Hut 8 appeared first on CryptoSlate.

Prediction markets are experiencing growth, with platforms like Polymarket advancing the sector. Castle Capital reported in its latest deep dive that these markets enable users to bet on future events using crypto, moving traditional gambling into a decentralized domain. This shift allows participants to trade against each other rather than a centralized house, increasing transparency The post How the $1.4 billion crypto prediction market industry took off in 2024 – report appeared first on CryptoSlate.

Solana Labs subsidiary, Solana Mobile, has unveiled the Seeker, its second-generation web3 smartphone set for release in 2025 during Token2049. Emerging from its “Chapter Two” stealth phase, the device has secured over 140,000 pre-orders across 57 countries. “We needed to make Seeker more accessible, more affordable, and ensure its hardware and software are even more deeply The post New Solana phone branded ‘Seeker’ unveiled with special Genesis Token appeared first on CryptoSlate.

Three individuals executed a $243 million crypto theft from a single Genesis creditor in August, employing advanced social engineering tactics, according to blockchain investigator ZachXBT. The perpetrators, identified as Greavys (Malone Iam), Wiz (Veer Chetal), and Box (Jeandiel Serrano), orchestrated a multi-step attack that compromised the victim’s personal and exchange accounts. On Aug. 19, the The post ZachXBT helps secure arrests in $243 million social engineering attack on one person appeared first on CryptoSlate.

Silvergate Capital Corporation, the parent company of crypto-focused Silvergate Bank, filed for Chapter 11 bankruptcy on September 18 in the US Bankruptcy Court for the District of Delaware. This action concludes an 18-month period of operational wind-down that began in March 2023. The bankruptcy petition details assets between $100 million and $500 million and liabilities The post Crypto powerhouse Silvergate Capital bank files for bankruptcy after 18-month wind-down appeared first on CryptoSlate.