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Crypto

Cleanspark shares fall after quarterly revenue misses Wall Street estimates

Cleanspark shares fell 5.5 percent after the company posted fiscal third-quarter revenue of $138.0 million, below Wall Street expectations. Revenue fell 30.5 percent from $198.0 million a year earlier and missed the $142.2 million analyst consensus compiled by Yahoo Finance. Cleanspark also reported a net loss of $239.0 million for the quarter, compared with net income of $257.0 million, or $0.90 per share, a year earlier.

Crypto

Tom Lee warns 35 percent of bitcoin supply could be exposed to quantum threat within 3 years

A warning has emerged that about 30 to 35 percent of bitcoin’s total supply could be exposed to quantum-computer attacks in 2028 to 2029. Fundstrat co-founder and Bitmine chairman Tom Lee said quantum computing could undermine bitcoin’s existing security system. He said the crypto industry has no unified response, while the Ethereum and Solana ecosystems are better prepared. Adam Back disputed Lee’s technical claims, saying bitcoin ownership is protected by ECDSA digital signatures and seed-phrase entropy.

Crypto

U.S. CLARITY Act splits Democrats; Coinbase sees high chance of passage

Some Democrats remain opposed to the U.S. digital asset regulation bill known as the CLARITY Act, but Coinbase’s chief policy officer says the measure is likely to pass Congress. He said understanding of the bill’s purpose is growing among younger Democratic lawmakers and described crypto as a highly bipartisan issue in Washington. Congress is reviewing the latest draft, including ethics provisions. Some Democrats still say the bill remains inadequate.