Apr 1, 2025
Ibiam Wayas
Here is a recap of the top Bitcoin news stories that happened in the last 24 hours, in case you missed them.
Publicly traded Hut 8 has announced plans to launch an America bitcoin mining company in partnership with American Data Centers, which is backed by Eric Trump and Donald Trump Jr.
The partnership with Hut 8 is expected to expand the Trump family’s corporate exposure to the cryptocurrency sector.
According to the announcement, the Trump-backed company would own a 20% stake in the mining business, while Hut 8 would own 80%.
On-chain data from CryptoQuant shows that Bitcoin fund market premiums have turned negative.
The 7-day EMA is also now below zero, all of which shows that the market price of Bitcoin funds is now trading at a discount to their net asset value (NAV).
At the time of publication, BTC was trading at $83,280, marking a 1.29% increase in price over the last 24 hours.
Next Up