Swan Bitcoin Seeks Subpoena For Howard Lutnick
Swan Bitcoin has applied to subpoena Cantor Fitzgerald and ex-CEO Howard Lutnick, seeking discovery related to a failed mining venture with Tether.
Swan Bitcoin has applied to subpoena Cantor Fitzgerald and ex-CEO Howard Lutnick, seeking discovery related to a failed mining venture with Tether.
Bhutan moved $36.7 million Bitcoin from a state-linked wallet, extending a March drawdown that has cut the country’s sovereign stash well below late-2024 levels.
The companies plan to issue and manage the mining-linked note on Base, an Ethereum layer-2 developed by Coinbase.
Bitcoin’s mining difficulty fell by around 7.7% on March 20, easing conditions for remaining miners as hashrate slips and operators face growing competition from AI data centers.
BitFuFu notably reduced self-hosted BTC mining in 2025 in a major push to cloud mining, which accounted for 74% of its total revenues last year.
BTC miner margins compress as the hashrate surges and the dynamic NVT enters its bullish value zone, signaling a potential Bitcoin bottoming process.
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