Republican senators on Monday unveiled a bill to stop US crypto mining companies from using equipment tied to China and other foreign adversaries.
Nvidia Corp. GeForce GTX 1070 graphic processing units (GPU) sit stacked inside a 'mining rig' computer, used to mine the Ethereum cryptocurrency, in Budapest, Hungary, on Wednesday, Jan. 31, 2018. Cryptocurrencies are not living up to their comparisons with gold as a store of value, tumbling Monday as an equities sell-off in Asia extended the biggest rout in global stocks in two years.
Retail investors who piled into the Trump administration’s promised crypto paradise via Wall Street-approved funds are now learning an expensive lesson in market gravity.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, Feb. 5, 2026. Another burst of heavy selling pummeled software stocks and crypto, with weak jobs data exacerbating an equity rout spurred by concern over the impact of artificial intelligence on valuations.
Eric Trump rang the Nasdaq bell in September to celebrate a more than $500 million windfall from American Bitcoin Corp.’s trading debut. Three months later, the shares have cratered 70%.
Mike Ho, chief executive officer of American Bitcoin Corp., and Eric Trump, co-founder and chief strategy officer of American Bitcoin Corp., left, during a Bloomberg Television interview in New York, US, on Wednesday, Sept. 17, 2025. Eric Trump's stake in American Bitcoin, created in March to mine virtual assets, was worth more than $500 million when the stock surged in its trading debut on Sept. 3.
American Bitcoin Corp. stock plunged on Tuesday after restricted shares of the crypto miner co-founded by Eric Trump were freed up to be traded.
Eric Trump, co-founder and chief strategy officer of American Bitcoin Corp., speaks before ringing the opening bell at the Nasdaq MarketSite in New York, US, on Tuesday, Sept. 16, 2025. Eric Trump's stake in American Bitcoin, created in March to mine virtual assets, was worth more than $500 million when the stock surged in its trading debut on Sept. 3.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Zendesk CEO Tom Eggemeier, Bloomberg's Amara Omeokwe, Ed Ludlow, Monique Mulima and Keith Naughton. (Source: Bloomberg)
Shares of American Bitcoin Corp., the crypto miner co-founded by Eric Trump, lost more than half of their value in less than 30 minutes on Tuesday, triggering repeated trading halts. Monique Mulima reports on Bloomberg Television. (Source: Bloomberg)
Bitcoin surged back above $90,000 on Tuesday, recovering from a bruising selloff that caught Wall Street off guard and erased nearly $1 billion in fresh leveraged bets. The rebound offered a brief respite in a months-long rout, but traders remain cautious, with sentiment still fragile and signs of stress persisting across crypto markets.
American Bitcoin Corp., a majority-owned subsidiary of Hut 8 Corp., is a Bitcoin accumulation platform focused on building America’s Bitcoin infrastructure platform. The company delivers institutional-grade exposure to Bitcoin through an industry-first business model that integrates scaled self-mining operations with disciplined accumulation strategies. Eric Trump, the firm’s co-founder and Chief Strategy Officer, and President Donald Trump’s son, discusses his bullish outlook for the leading di
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