The Singapore-based company once controlled nearly a fifth of Bitcoin's global hashrate. Now it owes $173 million and is selling off what's left.
- Poolin was regarded as the world's largest bitcoin mining pool in 2019, with an 18-20% share of global hashrate, before a liquidity crisis in 2022 left 11,700 customers holding $163.7 million in frozen funds
- A $52 million bid from Thor CALAP LLC for Poolin's West Texas mining sites is the only meaningful recovery on the table for creditors owed approximately $173 million
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Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters :
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Crypto under weekend pressure, bitcoin slides below $80,000 on U.S. Middle East evacuations
Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet
Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports
Original sourceCoinDesk
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Read original ↗Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.
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