BitcoinWorld Cango Inc. Announces July 2025 Bitcoin Production and Mining Operations Update HONG KONG , Aug. 5, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) today published its Bitcoin production and mining operations update for July 2025 . Bitcoin Mining Production and Mining Operations Update for July 2025 Metric July 2025 1 June 2025 1 Number of Bitcoin produced 650.5 450.0 Average number of Bitcoin produced per day 20.99 15.00 Total number of Bitcoin held 2 4,529.7 3,879.2 Deployed hashrate 50 EH/s 32 EH/s Average operating hashrate 3 40.91 EH/s 29.92 EH/s 1. Unaudited, estimated. 2. As of month-end. 3. Average over the month. Note: Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings. Paul Yu , CEO and Director of Cango, commented, “With the addition of 18 EH/s at the end of June, our deployed hashrate expanded to 50 EH/s in July and allowed us to deliver a 45% month-over-month increase in Bitcoin producted to 650.5. Average operating hashrate of 40.91 EH/s throughout the month underscores our robust operational efficiency and significant growth potential as we continue to scale. This strong performance not only demonstrates our commitment to execution but also fuels our ambition to accelerate future production.” “With a new and experienced management team now onboard and growing Bitcoin treasury holdings from mining operations, we are now focused on laying the foundation for our vertical integration to transition towards a more diversified and resilient portfolio of mining sites and energy infrastructure.” About Cango Inc. Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America , the Middle East , South America , and East Africa . The Company entered the crypto asset space in November 2024 , driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com , making it easier for global customers to access high-quality vehicle inventory from China . For more information, please visit: www.cangoonline.com . Investor Relations Contact Juliet YE, Head of Communications Cango Inc. Email: ir@cangoonline.com This post Cango Inc. Announces July 2025 Bitcoin Production and Mining Operations Update first appeared on BitcoinWorld and is written by chainwire
In 2025, crypto betting has moved from fringe trend to global phenomenon—fueled by stablecoins like USDC and network-native tokens like WAVAX (Wrapped AVAX). As decentralized finance (DeFi) reshapes the online gambling space, players are ditching traditional sportsbooks and casinos for faster, permissionless, and more transparent platforms built around altcoins. If you're holding WAVAX or USDC and looking for where to bet—whether it's on eSports, the NFL, or roulette—this guide breaks down the top crypto sportsbooks and casinos built for speed, flexibility, and low fees in 2025. Why WAVAX and USDC Are Dominating Crypto Betting WAVAX brings the power of the Avalanche blockchain to betting—fast confirmations, low gas, and growing DeFi adoption. It’s perfect for users who want near-instant deposits and withdrawals. As a fully-backed USD-pegged coin, USDC eliminates volatility, making it ideal for sports betting, casino gaming, and live trading-style wagers. Accepted across almost every major platform, it offers peace of mind without sacrificing crypto-native flexibility. Top Sites to Bet With WAVAX and USDC in 2025 Platform Accepts WAVAX Accepts USDC Casino Games Sportsbook Key Feature Dexsport ✅ ✅ 10,000+ ✅ No-KYC Web3 access Vave ✅ (via swap) ✅ 6,000+ ✅ Market-rich sportsbook BetPanda ✅ (bridged) ✅ 3,000+ ✅ Fast, anonymous Cloudbet ✅ (manual) ✅ High ✅ Trusted legacy brand BC.Game ✅ ✅ Massive ✅ Gamified experience 1. Dexsport – No-KYC, Web3 Sportsbook & Casino With Avalanche Support Dexsport stands out as one of the best Web3 sportsbooks and casinos in 2025. Designed around instant, KYC-free access and multi-chain compatibility, Dexsport is built for gamblers who want speed, privacy, and control. Accepts: WAVAX, USDC, TRX, ETH, MATIC, DAI, and more KYC: Not required Wallet Login: MetaMask, Trust Wallet, etc. Games: 10,000+ crypto casino games, live dealers, crash, roulette Sportsbook: 100+ markets per match, including Valorant, UFC, football, and NBA Bonuses: 25% freebets on first 3 deposits VIP cashback from 3.5% to 10% Bonus Club rewards monthly freebets based on activity Why choose Dexsport: A fully decentralized platform with real-time live betting, streaming, esports, and full WAVAX + USDC compatibility. No sign-up friction. No delays. Just connect and play. 2. Vave – Multi-Chain Crypto Casino With Deep Market Depth Accepts: USDC, WAVAX (via integrated swaps), BTC, ETH, SOL, DOGE KYC: Required for high withdrawals Games: 6,000+ slots, live tables, crypto games Betting: 35+ sports, esports, in-play with 300+ markets for top matches Promos: 100% welcome bonus, cashback, and daily missions Why Vave stands out:Slick interface, broad crypto support, and market-leading sportsbook odds—ideal for stablecoin bettors who want feature-rich flexibility. 3. BetPanda – Fast, Anonymous Betting With Stablecoin Focus Accepts: USDC, WAVAX (via BEP-20 bridge), DOGE, XRP, DAI KYC: Only triggered by red flags or large wins Games: 3,000+ slots, blackjack, crash, and live casino Promos: 100% bonus up to 1 BTC or altcoin equivalent, weekly cashback Why BetPanda stands out:Perfect for stablecoin users who value speed and privacy—no intrusive checks, just instant betting and withdrawals. 4. Cloudbet – Established Brand With Altcoin Expansion Accepts: USDC, BTC, ETH, AVAX (WAVAX via manual swap), LTC, BUSD KYC: Sometimes required on large transactions Games: Thousands of slots, live casino, poker Betting: Full sportsbook with US leagues, esports, and in-play odds Bonus: 100% deposit match, loyalty points, betting challenges Why Cloudbet stands out:Legacy reputation meets new-age altcoin support. Great for serious bettors who want advanced tools and a known platform. 5. BC.Game – Gamified Betting Experience With Massive Token Support Accepts: WAVAX, USDC, SHIB, DAI, TRX, 100+ tokens KYC: Needed for full functionality Games: Custom BC originals, slot tournaments, roulette, crash Betting: Solid sports and esports section with ongoing social promos Rewards: Up to 360% first deposit bonus, daily free spins, task-based challenges Why BC.Game stands out:Great for players who want entertainment, missions, and altcoin freedom, all in one immersive crypto-native interface. Top Betting Sites That Accept WAVAX and USDC Platform Accepts WAVAX Accepts USDC Casino Games Sportsbook Key Feature Dexsport ✅ ✅ 10,000+ ✅ No-KYC Web3 access Vave ✅ (via swap) ✅ 6,000+ ✅ Market-rich sportsbook BetPanda ✅ (bridged) ✅ 3,000+ ✅ Fast, anonymous Cloudbet ✅ (manual) ✅ High ✅ Trusted legacy brand BC.Game ✅ ✅ Massive ✅ Gamified experience Final Thoughts: Where to Bet With WAVAX and USDC In 2025, betting with WAVAX and USDC gives you the best of both worlds: Speed and low fees from Avalanche Price stability and wide acceptance with USDC Whether you're looking for a no-KYC sportsbook, a fully immersive casino, or a platform that lets you play across dozens of altcoins, there’s now a crypto betting site for every type of user. For DeFi power users: Dexsport is the undisputed leader For feature-rich experiences: Vave and BC.Game are top-tier For privacy seekers: BetPanda is your go-to For familiarity with depth: Cloudbet covers all the bases The future of betting is fast, transparent, and chain-agnostic. Don’t just bet on sports—bet on the blockchain. Disclaimer: This article is for informational purposes only and does not constitute financial, gambling, or legal advice.
America is trapped in a cycle of debt, inflation, and rising inequality with no easy escape . Here’s the core problem: The U.S. government spends way more money than it earns. To fill the gap, it borrows trillions of dollars. But fixing this by cutting spending would crash the economy. At the same time, the U.S. buys more from other countries than it sells — this trade deficit has been growing for decades. To keep this system alive, the government prints more dollars and convinces foreigners to keep buying U.S. debt. The result? Prices for everything keep rising, wages don’t keep up, and the average person feels poorer every year . The middle class is disappearing. The cost of owning a home has doubled in just five years, but salaries haven’t even come close to catching up. The government’s hidden plan is to quietly reduce the value of the dollar through inflation, so the debt becomes easier to manage. But this hurts savers, workers, and anyone who relies on the dollar. The rich, who own stocks and real estate, benefit because those assets rise in price. Regular people are stuck. This is where Bitcoin comes in. Bitcoin is designed to be different from traditional money. No one can print more of it. No government can control it. Its supply is limited and transparent . The speaker believes that as people lose trust in the dollar and traditional investments, Bitcoin will become a safe place to protect wealth. At first, this shift will be slow. But if a global crisis happens that destroys trust in governments or banks, the move into Bitcoin could accelerate very quickly. Another reason Bitcoin matters is for younger generations. Many are turning to risky gambling—like meme stocks or sports betting—because they feel the system is rigged against them. Bitcoin offers a better option: a way to save money in something that can’t be inflated away . In simple terms, the speaker’s warning is this: The current financial system is broken. If you keep your savings in dollars or rely on promises from the government, you’re going to fall behind. Bitcoin may not fix everything, but it gives individuals a fighting chance to preserve their financial freedom.
HONG KONG, Aug. 5, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for July 2025. Bitcoin Mining Production and Mining Operations Update for July 2025 Metric July 2025 1 June 2025 1 Number of Bitcoin produced 650.5 450.0 Average number of Bitcoin produced per day 20.99 15.00 Total number of Bitcoin held 2 4,529.7 3,879.2 Deployed hashrate 50 EH/s 32 EH/s Average operating hashrate 3 40.91 EH/s 29.92 EH/s 1. Unaudited, estimated. 2. As of month-end. 3. Average over the month. Note: Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings. Paul Yu, CEO and Director of Cango, commented, "With the addition of 18 EH/s at the end of June, our deployed hashrate expanded to 50 EH/s in July and allowed us to deliver a 45% month-over-month increase in Bitcoin producted to 650.5. Average operating hashrate of 40.91 EH/s throughout the month underscores our robust operational efficiency and significant growth potential as we continue to scale. This strong performance not only demonstrates our commitment to execution but also fuels our ambition to accelerate future production." "With a new and experienced management team now onboard and growing Bitcoin treasury holdings from mining operations, we are now focused on laying the foundation for our vertical integration to transition towards a more diversified and resilient portfolio of mining sites and energy infrastructure." About Cango Inc. Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com , making it easier for global customers to access high-quality vehicle inventory from China. For more information, please visit: www.cangoonline.com . Investor Relations Contact Juliet YE, Head of CommunicationsCango Inc.Email: ir@cangoonline.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Imbalance in demand and supply from Bitcoin ETFs and other market participants weighed down coin in late July
Toncoin (TON) and Litecoin (LTC) are both nearing pivotal resistance levels, capturing the attention of traders and analysts alike. With altcoin season potentially on the horizon, these two legacy and emerging projects are shaping up to be serious contenders in the next wave of market momentum. But while price action draws the chart-watchers, breakout success requires more than technical setups—it demands narrative precision and strategic exposure. That’s where Outset PR excels, helping crypto projects turn potential into presence through data-driven media campaigns that align perfectly with market sentiment. Could TON Be the Hidden Gem As Altcoin Season Looms? Source: tradingview TON, or The Open Network, is making waves in the crypto space. Originally developed by Telegram, it aims to make crypto transactions fast and cheap. Its focus is on scalability, making it perfect for large applications. TON uses a unique proof-of-stake system that keeps it efficient. As the market shifts and altcoins gain attention, TON’s innovative approach could capture interest. It has strong technology backing and a growing community. These features make it an exciting pick for those looking forward to the next altcoin season. In a market eager for new stars, TON shines with potential. Litecoin: Shining Bright in the Wake of a Market Dip Source: tradingview Litecoin, often called the silver to Bitcoin's gold, has strong roots in crypto. Created in 2011 by Charlie Lee, it's one of the oldest altcoins. It offers faster transaction times and lower fees, making it a popular choice for everyday use. Built on a similar framework to Bitcoin, Litecoin is known for its resilience and adaptability. With the current market showing patterns similar to 2021, Litecoin is poised for potential gains. Its strong community and continuous development make it an attractive option in this market cycle. Outset PR Crafts Communications Like a Workshop, Powered by Data Founded by renowned crypto PR expert Mike Ermolaev , Outset PR operates like a hands-on workshop, building every campaign with market fit in mind. Instead of offering random placements or templated packages, Outset PR carefully weaves a client’s story into the market context, showcasing what organic PR looks like: Media outlets are selected based on metrics like discoverability, domain authority, conversion rates, and viral potential Pitches are tailored to fit each platform’s voice and audience Timing is mapped to let the story unfold naturally and build trust organically Outset PR occupies a unique niche as the only data-driven agency with a boutique-level approach. Daily media analytics and trend monitoring power every decision, so campaigns align with market momentum. And the approach feels collaborative — it’s like turning to a trusted friend who happens to be an expert. Results-Oriented, Insight-Driven The agency is goal-oriented, so it pursues measurable results. They dive deep into each client’s aims, budget, and timelines to craft value-driven campaigns that resonate with the target audience. Outset PR fuses performance-level analytics with high-touch strategy. Besides logically verified organic PR the key strengths of Outset PR include: Market Dominance. Clients of Outset PR can gain recognition in the desired geo in merely a month. Traffic Acquisition. Outset PR's proprietary system places branded content across high-discovery surfaces, combining editorial exposure with performance reach. This method consistently generates traffic volumes far beyond standard Google visibility. Tier-1 Pitching. The team helps its clients to craft tailored messages and select relevant angles to outreach directly to tier-1 journalists and editors. Strong media relationships and a focused pitching cycle open doors where it matters and increases chances of consistent coverage. Content Creation with Editorial Focus. Experienced writers with backgrounds in journalism, analytics, and sales content develop materials that hit both editorial and strategic targets. Targeted Media Outreach. Designed for early-stage projects, these campaigns boost search visibility by securing coverage in media that trigger syndication across major crypto newsfeeds — laying the groundwork for scalable or highly targeted PR efforts. Let Outset PR Tell Your Story With Verifiable Impact Data-Led Campaigns Bring Results You Can Feel Outset PR drives growth and awareness for both startups and established names. Notable results include: Step App: Enhanced user engagement in the US and UK markets, which coincided with a 138% rise in the FITFI token’s value over the course of the campaign. Choise.ai: Covered the massive business upgrade, highlighting the utility and value of their native CHO token. During the campaign, CHO rose by 28.5x, hitting its 10-month high. ChangeNOW: Achieved a 40% customer base increase via multi-layered PR efforts. StealthEX: Boosted the brand visibility which resulted in 26 prominent media features and numerous re-publications, achieving a total estimated reach of 3.62 billion individuals. If PR has ever felt like a black box, if it’s been unclear what results to expect and what you’re even paying for, Outset PR changes the equation. Its analytical model makes every step verified by performance insights. Its boutique approach ensures campaigns feel like they’ve been built inside your team. For crypto, blockchain, or AI enterprises that need clarity and velocity—this is what PR should feel like. Conclusion TON’s vision of scalable crypto infrastructure and Litecoin’s long-standing utility and reliability are each aligning with bullish market signals. If resistance levels break, both coins could chart significant upside. Outset PR ensures web3 projects are not only discovered but positioned as leaders. From Tier-1 media pitching to high-discovery placements and trend-informed storytelling, Outset PR ensures your project becomes a talked-about brand at the right time, in the right places. You can find more information about Outset PR here: Website: outsetpr.io Telegram: t.me/outsetpr X: x.com/OutsetPR Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Coinbase’s Base network experienced a 19-minute block production halt on August 5, with the latest block remaining at height 33,792,704 before resuming normal operations. The Ethereum Layer 2 blockchain reported the issue at 6:15 UTC and confirmed resolution by 6:44 UTC according to its official status page , marking the network’s first significant outage. Source: Base Status Page Network Recovers as Token Creation Surge Tests Infrastructure Limits Base mainnet experienced delays in deposits, withdrawals, block production, and Flashblocks functionality during the disruption. The network identified and fixed the underlying issue within 30 minutes while continuing to monitor for additional problems, though officials did not disclose the specific cause of the halt. The outage might have occurred as Base experiences unprecedented growth in token creation, recently overtaking Solana in daily launches with over 54,000 new tokens on July 27. Source: TheBlock The surge stems from the integration of social platforms Zora and Farcaster into the rebranded Base App, which automatically mints creator coins from social posts. Base’s rapid expansion includes 1.6 million tokens launched and nearly 3 million traders participating since the app relaunch, generating approximately $470 million in trading volume. The network’s institutional adoption accelerated with JPMorgan’s JPMD digital deposit token launch and Shopify’s USDC payment integration across 34 countries. Creator Economy Boom Drives Network Activity to Record Levels Base’s transformation into a comprehensive SocialFi platform through the July rebranding of Coinbase Wallet has fundamentally altered its usage patterns. The integration of Zora’s smart contracts enables automatic ERC-20 token minting from every social post, creating tradable creator coins with instant liquidity. Daily token launches skyrocketed from 6,649 on July 1 to approximately 50,000 by month-end, establishing Base as the leading network for token creation. Source: Dune Analytics The flagship ZORA token achieved a $200 million market cap, up 185% from April’s $70 million valuation. Notable creator coins achieved substantial valuations, including Zeebu at over $485 million market cap, Wormhole at over $355 million, and Yield Guild Games at over $80 million with over $12 million daily volume. The ecosystem’s rapid growth prompted Base creator Jesse Pollak to call for crypto funds to take “$5 million or more” positions in creator coin indexes. who is going to be the first fund to take a scaled (e.g. $5m+) long hold position in an index of onchain creators? seems like a relatively no-brainer opportunity to win as the onchain creator economy grows. — jesse.base.eth (@jessepollak) August 3, 2025 The Base App combines social networking powered by Farcaster, USDC payments, on-chain identity management, and dApp discovery in a single interface. Users can earn up to 4.1% APY holding USDC while accessing hundreds of mini-apps for gaming, yield farming, and prediction markets. Notably, Base Chain’s recent Flashblocks upgrade reduced effective block times from 2 seconds to 200 milliseconds, making transactions 10 times faster. The network also processes international transactions under $0.01 with 200-millisecond settlement times. Security Challenges Mount Despite Institutional Backing Base faced significant security incidents alongside its growth trajectory, including the $2.5 million Arcadia Finance hack on July 15 . Attackers exploited a vulnerability in the Rebalancer contract’s swapData parameters to drain user vaults of USDC, USDS, and other tokens before bridging funds to the Ethereum mainnet. The Arcadia breach marked the platform’s second major security incident following a $455,000 hack in October 2023. Both attacks exploited insufficient input validation and reentrancy protection in smart contract code, with PeckShield previously warning about persistent vulnerabilities. Coinbase launched a $5 million bug bounty program through Cantina , targeting Base network smart contracts and on-chain products. @coinbase drops massive $5M bug bounty on Cantina for @base security as @jpmorgan launches $JPMD token and @Shopify integrates USDC payments across 34 countries. #Coinbase #Base https://t.co/R6cdJAI1RQ — Cryptonews.com (@cryptonews) July 9, 2025 The initiative covers critical components, including Verified Pools, Fault-Proof Audits, and WebAuthn modules, representing one of the largest Web3 security programs. The exchange simultaneously dealt with a data breach affecting nearly 70,000 users through bribed overseas support staff, resulting in a $20 million ransom demand that Coinbase refused to pay. The company terminated over 200 TaskUs employees and established enhanced insider-threat detection systems. Base’s network halt joins a pattern of blockchain outages in 2024, including Sui’s hour-long crash , TON’s six-hour disruption amid DOGS token demand, Avalanche’s two-hour block production failure , and Solana’s repeated five-hour outages . It is evident that this incident isn’t new of its kind, and it shows the infrastructure challenges faced by blockchain networks as they scale to accommodate mainstream adoption. The post Base Network Suffers 19-Minute Block Production Halt Before Recovery appeared first on Cryptonews .
Solana meme coin launchpad LetsbonkFun has overtaken Pump.fun, seizing a dominant 55.8% market share, more than double Pump.fun’s 27.4%. Key Takeaways: LetsbonkFun now leads Solana’s meme coin market with 55.8% share, more than double Pump.fun’s 27.4%. Its rise is driven by faster launches, BONK integration, and stronger user engagement. Pump.fun is losing momentum despite a $600M ICO and recent buybacks. The lead is reflected in volume and user activity. LetsbonkFun processed $508 million in daily volume with 304,000 traders, compared to Pump.fun’s $249 million and 153,000 traders, according to data from Jupiter’s Launchpad leaderboard on August 5 . It also minted 18,357 tokens in a single day, while Pump.fun generated 5,388. Faster Launches and BONK Integration Fuel LetsbonkFun’s Rise The surge in dominance comes as LetsbonkFun continues to attract creators and traders with faster launches, stronger community engagement, and integrations with Solana-native assets like BONK. The platform’s simplicity and speed have helped it become the go-to launchpad for meme token creators in recent weeks. While Pump.fun once held the top spot in Solana’s memecoin boom, it now lags behind in both activity and sentiment. Its bonded percentage stands at 0.48%, compared to LetsbonkFun’s 1.02%, signaling lower commitment from users. Other launchpads remain far behind. BAGS holds 9.28% market share, followed by Jup Studio and Believe at 2.69% and 2.11%, respectively. Solana’s memecoin race has a new leader. @bonk_fun now holds 66.5% of the market, well ahead of PumpFun at 22%. PumpFun’s volume and trader count have dropped sharply, and July revenue fell to a 2025 low – down 80% since January. pic.twitter.com/8Y4AGidypx — Satoshi Club (@esatoshiclub) August 4, 2025 As reported, Pump.fun’s native token, PUMP, experienced a notable price setback after its much-hyped ICO. The initial coin offering raised an impressive $600 million within just 12 minutes, selling 15% of the total 1 trillion PUMP supply to the public. Additionally, 18% of the tokens were sold privately, valuing the fully diluted market cap at $4 billion. Last month, Pump.fun executed a significant buyback , transferring nearly 188,000 SOL, worth around $31.3 million, to a dedicated wallet. The repurchase of PUMP tokens at an average price of $0.0064 pushed the token’s price up by 17% to roughly $0.0067. The platform has pledged to allocate 25% of its protocol revenues to ongoing buybacks. However, fee revenues for Friday totaled about $968,000, below the protocol’s average. In a recent update, co-founder Alon Cohen unveiled a “community takeover” feature, allowing users to seize control of “abandoned” projects. The mechanism aims to channel creator fees toward the most active community members who contribute through raids, content creation, and development. Pump.fun Makes First Acquisition Notably, Pump.fun announced its first acquisition last month. The meme coin launchpad purchased Kolscan , a Solana-based wallet tracker that monitors top on-chain traders. The integration will merge Kolscan’s analytics with Pump.fun’s social trading features, enhancing transparency, wallet tracking, and copy-trading capabilities. Co-founder Alon Cohen emphasized that trading is a “social sport,” highlighting the importance of community and shared insights in driving success within the ecosystem. As part of the deal, all Kolscan services will be made free to users. Pump.fun has already attracted tens of thousands of users and intends to build a scalable crypto social media platform, leveraging Kolscan’s tools to grow its community and influence. The post Solana’s New Meme King: LetsbonkFun Leaves Pump.fun in the Dust with 2x Lead appeared first on Cryptonews .
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