1. Norway Plans Temporary Ban on Power‑Intensive Crypto Mining
Norway’s government is set to temporarily ban new data centers using power-intensive cryptocurrency mining methods, effective autumn 2025. The move aims to conserve electricity for key industries, with officials citing minimal local economic benefits and significant environmental concerns.
2. Iran’s Nobitex Breached in $100 M Hack Amid Tensions
Iran’s largest crypto exchange, Nobitex, was hit by a cyberattack causing a $100 million loss. The hack purportedly by “Predatory Sparrow” triggered widespread internet blackouts. The breach highlights growing cyber-conflict between Iran and Israel.
3. Bitcoin Rebounds to $106K — Risk Appetite Returns
Bitcoin climbed 1.1% to $106,081 after early-week dips, supported by easing geopolitical fears and continued investor risk appetite. Ethereum, XRP, and Solana also modestly rose. Analysts warn volatility could persist amid macro uncertainties.
4. Coinbase Shares Surge 16% on Stablecoin Legislation Optimism
Shares of Coinbase jumped ~17% to $297, following passage of the U.S. GENIUS Act (stablecoin regulation), which cleared the Senate. The act validates stablecoin platforms and supports future expansion of crypto services.
