The viral “Ibiza Final Boss” meme has officially spawned a cryptocurrency , but its namesake, Jack Kay, says he has nothing to do with it. According to Finbold’s review of data from leading crypto price and market tracking platform CoinGecko, the Solana-based token, Ibiza Final Boss (BOSS), has already reached a market capitalization of $10.33 million as of publication despite the influencer’s management team publicly denying any affiliation. Ibiza Final Boss market cap chart. Source: CoinGecko In a statement to LADbible, Neon Management clarified : “I can confirm that Jack has not entered into any agreements at this time; however, he is inundated with offers.” Final Boss of Ibiza cryptocurrency tokenomics Launched on August 6, the Final Boss of Ibiza crypto experienced a meteoric surge within just two days, reaching a peak market cap of $41.1 million and generating $67 million in trading volume. The rally was short-lived, however, with the token now trading 76.61% below its all-time high of $0.04607. Currently ranked #1,774 on CoinGecko, Ibiza Final Boss Coin has a circulating supply of 930,379,925 tokens and a maximum supply of 930,382,708. Its market cap calculated by multiplying the current price by the circulating supply remains the core measure of its valuation. Most trading activity is centered on Raydium, where the BOSS/SOL pair has recorded $10.19 million in 24-hour volume. On-chain analysis from Solscan, a blockchain explorer for the Solana network, reviewed by Finbold, shows the top 10 holders control 193.34 million tokens, or about 20.78% of the total supply, underscoring the high concentration risk. Ibiza Final Boss Coin token distribution. Source: Solscan Although BOSS has carved out a presence in Solana’s meme coin scene, the absence of any official endorsement from Jack Kay ‘Ibiza Final Boss’ leaves doubts about its staying power. Like many personality-driven tokens, its price remains highly volatile and is shaped more by social media sentiment than by underlying fundamentals. The post Ibiza Final Boss crypto hits $10 million market cap appeared first on Finbold .
BitcoinWorld Bitcoin Mining Facility: Cango’s Bold $19.5M Georgia Acquisition Signals Massive Growth The world of digital assets just got a significant shake-up! Cango Inc. (NYSE: CANG), a company traditionally known for its automotive services, has made a bold move, stepping firmly into the realm of cryptocurrency with a major acquisition. They recently announced the purchase of a fully operational 50-megawatt Bitcoin mining facility in Georgia for a substantial $19.5 million. This strategic investment, often referred to as a landmark Cango Bitcoin acquisition , marks a pivotal moment for the company, signaling a clear push towards owning energy infrastructure and expanding its footprint in the burgeoning crypto sector. Why Cango’s Bitcoin Mining Facility Acquisition Matters Why is this particular Bitcoin mining facility acquisition creating such a buzz? This isn’t just a minor investment; it represents a significant strategic pivot for Cango. By acquiring a fully operational site, Cango immediately gains direct control over a substantial energy resource and a ready-to-deploy mining operation. This move provides several key advantages: Immediate Operational Capacity: The facility is already running, meaning Cango can begin leveraging its investment without lengthy construction or setup delays. Infrastructure Control: Owning the energy infrastructure reduces reliance on third-party providers, offering greater stability and potentially lower operational costs in the long run. Building In-House Expertise: The acquisition allows Cango to develop deep internal knowledge and capabilities in large-scale digital asset mining. This forward-thinking approach underscores the potential for future growth beyond traditional business models. Unpacking the Georgia Bitcoin Mine Deal Let’s delve deeper into the specifics of this intriguing Georgia Bitcoin mine deal. The $19.5 million price tag reflects a significant commitment from Cango. The facility boasts a robust 50-megawatt capacity, which is a considerable amount of power in the mining world. According to a PR Newswire press release, Cango has a clear plan for how this power will be allocated: Self-Mining Operations: A substantial 30 megawatts (MW) of the facility’s capacity will be dedicated to Cango’s own self-mining activities. This means Cango will directly mine Bitcoin, aiming to generate revenue from block rewards and transaction fees. Third-Party Hosting: The remaining 20 MW will be utilized for hosting third-party mining operations. This dual approach allows Cango to diversify its revenue streams, earning fees from hosting services while also benefiting from its own mining endeavors. This hybrid model demonstrates a savvy business approach, maximizing the utility of the acquired infrastructure. The Cango Bitcoin acquisition strategically positions them in a growing market. What Does This Crypto Mining Investment Mean for the Future? This significant crypto mining investment by Cango goes beyond just current Bitcoin production. The company has explicitly stated that this deal lays the groundwork to supply power for future high-performance computing (HPC) applications. HPC refers to the use of supercomputers to solve complex computational problems, which can include everything from artificial intelligence and machine learning to scientific research. Therefore, Cango isn’t just looking at the present profitability of Bitcoin mining. They are positioning themselves for broader opportunities in the digital infrastructure space. The expertise gained from managing a large-scale mining operation, coupled with control over a substantial power supply, could prove invaluable as demand for energy-intensive computing solutions continues to grow. This foresight makes the Cango Bitcoin acquisition particularly noteworthy. Expanding Horizons: Cango’s Vision for Digital Asset Mining Cango’s entry into digital asset mining is a clear indicator of its strategic diversification. By integrating vertically into energy infrastructure, they are building resilience and efficiency into their new venture. This move could potentially insulate them from some of the volatility associated with relying solely on external power grids or hosting providers. The company’s stated goal of building in-house expertise is also crucial. The cryptocurrency mining industry is constantly evolving, requiring specialized knowledge in hardware, software, energy management, and market dynamics. By fostering this expertise internally, Cango aims to remain agile and competitive in this fast-paced sector. This proactive approach to digital asset mining ensures long-term viability. In conclusion, Cango’s $19.5 million acquisition of a 50 MW Bitcoin mining facility in Georgia represents a pivotal moment for the company. It signifies a decisive shift into owning and operating critical energy infrastructure, directly engaging in Bitcoin mining, and setting the stage for future high-performance computing ventures. This strategic move not only diversifies Cango’s business but also positions it as a significant player in the evolving landscape of digital assets and energy-intensive computing. It’s a bold step that could yield substantial long-term benefits for the company and its stakeholders following this impactful Cango Bitcoin acquisition . Frequently Asked Questions (FAQs) Q1: What is Cango Inc.? A1: Cango Inc. (NYSE: CANG) is a company traditionally known for its automotive services, but it is now strategically expanding into the cryptocurrency and energy infrastructure sectors. Q2: Where is the acquired Bitcoin mining facility located? A2: The newly acquired 50-megawatt Bitcoin mining facility is located in Georgia. Q3: What is the power capacity of the new facility? A3: The facility has a total power capacity of 50 megawatts (MW). Q4: How will Cango utilize the 50 MW capacity? A4: Cango plans to allocate 30 MW for its own self-mining operations and use the remaining 20 MW for hosting third-party mining services. Q5: Why is Cango making this move into Bitcoin mining? A5: Cango is entering Bitcoin mining to push into owned energy infrastructure, build in-house expertise in digital asset management, diversify revenue streams, and lay the groundwork for future high-performance computing (HPC) applications. Q6: What are HPC applications mentioned in the article? A6: HPC (High-Performance Computing) refers to the use of supercomputers to solve complex computational problems, which can include areas like artificial intelligence, machine learning, and scientific research. Did you find this deep dive into Cango’s strategic move insightful? Share this article with your network on social media to spread the word about this significant development in the cryptocurrency and energy sectors! Your shares help us bring more valuable insights to the crypto community. To learn more about the latest Bitcoin mining trends, explore our article on key developments shaping Bitcoin’s institutional adoption. This post Bitcoin Mining Facility: Cango’s Bold $19.5M Georgia Acquisition Signals Massive Growth first appeared on BitcoinWorld and is written by Editorial Team
After Bitcoin and Ethereum, spot ETF applications were made for many altcoins such as XRP and Solana (SOL). While giants like Grayscale and ProShares are in a fierce race for altcoin ETFs, BlackRock, the largest asset management firm in the US, is not making any moves. While BlackRock is expected to file an ETF Application for major altcoins like XRP and Solana, the giant company keeps the doors closed to XRP and altcoin ETFs. While some names indicate that BlackRock will eventually apply for an altcoin ETF, analysts speaking to Coindesk stated that the probability of BlackRock is low for an XRP ETF. Related News: What Does Global Giant BlackRock Await for XRP and Solana ETF Applications? ETF Expert Explains! At this point, analysts have listed five factors behind BlackRock's cautious approach towards the spot XRP ETF. Accordingly, the five reasons were listed as follows: “Insufficient customer demand for crypto assets other than Bitcoin (BTC) and Ethereum (ETH); Regulatory uncertainty surrounding XRP and other altcoins; Market saturation due to multiple competing applications; The difference between rising price expectations and internal data; The majority of XRP trading volume is concentrated in Asia.” Currently, seven asset management firms, including ProShares, Grayscale, and Franklin Templeton, have applied for a spot XRP ETF in the US. *This is not investment advice. Continue Reading: Why BlackRock Hasn't Filed for an XRP ETF Yet? Analysts Explain Five Reasons!
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Arthur Hayes rapidly ramps up altcoin purchases amid market optimism. His acquisitions include Ethereum, Pendle, Lido DAO, and Ether.fi. Continue Reading: Arthur Hayes Accelerates Altcoin Purchases, Betting Big in the Crypto Market The post Arthur Hayes Accelerates Altcoin Purchases, Betting Big in the Crypto Market appeared first on COINTURK NEWS .
Prominent lawyer and XRP enthusiast Bill Morgan has publicly challenged a speculative claim regarding the conclusion of the long-running legal dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. His remarks came in response to a post by X user Ray, who suggested that Judge Analisa Torres still needs to give final approval in the matter, potentially leading to a significant price surge for XRP. Ray’s post claimed that “all eyes” should be on Monday, alleging that Judge Torres “may give the final green light” in the Ripple vs. SEC case. He further speculated that such a decision could lead XRP to reach a price target of $5. In response, Morgan dismissed the statement outright, describing it as “so deluded and wrong” that he did not know where to begin in addressing it. This post is so deluded and wrong I don’t know where to begin. https://t.co/B92Y65PTLy — bill morgan (@Belisarius2020) August 11, 2025 Status of the Ripple vs. SEC Case The legal conflict, which has been closely monitored by the global digital asset community since it began in December 2020, saw a significant development a few days ago. According to an August 7 report from Times Tabloid , defense lawyer James K. Filan announced that the SEC and Ripple had jointly filed to dismiss their respective appeals. This action effectively brought the dispute to an end, eliminating the prospect of further litigation over earlier court rulings. The resolution followed years of legal arguments over whether XRP constituted an unregistered security under U.S. law. Judge Torres’s previous rulings had established distinctions between institutional sales of XRP, which she determined violated securities regulations, while programmatic sales on exchanges did not. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 These partial victories for both sides had initially led to the filing of appeals, but the joint dismissal confirmed that neither party would continue to challenge the decisions. Market Implications and Reality Check While XRP remains a widely traded asset in the digital currency market, price predictions tied to legal proceedings often draw scrutiny from legal professionals who emphasize accuracy over speculation. In this case, Morgan’s response serves as a counterpoint to overly optimistic projections that lack a basis in the latest court developments. With the SEC vs. Ripple dispute now formally closed, future XRP price performance will likely hinge on broader market conditions, adoption trends, and regulatory developments in the United States and internationally, rather than on any remaining judicial rulings from the case. Morgan’s remarks explain the importance of distinguishing between verifiable legal facts and market rumors, especially in an industry where public statements can influence trading sentiment. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Lawyer Reacts As Pundit Says Judge Torres May Take Final Action On XRP Case Today appeared first on Times Tabloid .