Federal Reserve Chair Jerome Powell’s suggestion that October’s rate cut might be the last of 2025 triggered modest declines in Bitcoin and Ethereum. The crypto market faces its latest test of macroeconomic sensitivity as traders await key geopolitical developments.
Compass Mining has fully energized a new 20MW Bitcoin mining facility in Texas, marking another expansion of its operations-as-a-service model. The company reportedly now operates across more than 20 sites with total capacity exceeding 160MW. This latest development continues Compass’s strategic growth across multiple North American power markets.
Compass Mining, a prominent Bitcoin mining infrastructure developer, has reportedly brought another significant facility online with the full energization of a 20MW partner site in Texas. According to industry reports, this represents the latest in a series of strategic expansions for the company’s operations-as-a-service model.
What makes this development particularly noteworthy is how it fits into Compass’s broader strategy. Rather than simply mining cryptocurrency for itself, the company has carved out a specialized niche providing turnkey infrastructure and management services for other mining operations. Sources indicate this approach has gained significant traction among enterprise and institutional clients seeking to enter Bitcoin mining without building expertise from scratch.
JPMorgan has upgraded Coinbase to overweight with a $404 price target, projecting 25% additional upside. Analysts point to potential Base token launch and USDC yield initiatives as major growth drivers for the cryptocurrency exchange.
JPMorgan Chase has reportedly shifted its stance on Coinbase Global Inc., upgrading the cryptocurrency exchange from neutral to overweight according to recent analysis. Sources indicate the bank has also raised its price target from $342 to $404 per share, suggesting approximately 25% potential upside from current levels.
In a historic enforcement action, US agencies have confiscated over $14 billion in bitcoin from a major Southeast Asian cybercrime organization. The seizure represents one of the largest cryptocurrency recoveries in history and demonstrates law enforcement’s growing capability to trace illicit digital assets.
US authorities have executed what analysts suggest is one of the largest cryptocurrency seizures in history, confiscating 127,271 bitcoin valued at over $14 billion from a sophisticated Southeast Asian cybercrime network. According to reports from the Department of Justice, the digital assets were stored in 25 unhosted wallets controlled by Chen Zhi, founder and chairman of the Prince Holding Group, who now faces charges of conspiracy to commit wire fraud and money laundering.
