Lookonchain APP

App Store

New York Stock Exchange listed company Cango has disclosed receiving a takeover offer from Enduring Wealth Capital Limited.

7 hours ago

On March 16th, as per a report from PR Newswire, the New York Stock Exchange-listed company Cango disclosed that it has received a preliminary non-binding letter of intent from Enduring Wealth Capital Limited (EWCL). This letter is intended to acquire 10 million shares of Class B common stock from the company's co-founder at a mutually agreed purchase price. Furthermore, the letter of intent also mandates that the Cango founders voluntarily convert all the remaining Class B common shares they hold into Class A common shares and resign from the board and executive positions. BlockBeats had previously reported that Cango, a NYSE-listed automobile trading service provider, holds a total of 1,944 Bitcoins. In November 2024, Cango entered the Bitcoin mining field by investing $400 million to acquire a hash rate of 50 EH/s, promptly becoming one of the largest miners in the world, providing approximately 6% of Bitcoin's network hash rate. For reference, the world's largest publicly traded mining company, MARA Holdings (MARA), has a hash rate slightly exceeding 47 EH/s, while the second-largest, CleanSpark (CLSK), and Riot Blockchain (RIOT), have hash rates of 32 EH/s and 26 EH/s respectively.
Relevant content

「Hyperliquid Whale」 Reverses 40x Short Position from Profit to Loss, Adds Another $5M Margin

On March 17th, according to data from HyperInsight, just 1 minute ago, the "Hyperliquid 50x Whale" once more boosted their collateral by $5 million. Their 40x short position in BTC has gone from being in profit to incurring a loss. Currently, the unrealized loss is $2.14 million. The current notional value of the position is $381 million. The entry price is $84,018.8, and the liquidation price has been raised from $85,504 to $86,593.

3 hours ago

Bitcoin Soars to Break $85,000 Barrier, Then Retraces, Now Trading at $84,280

On March 17th, based on HTX market data, Bitcoin witnessed a rapid upward surge and broke through $85,000 before pulling back. Currently, it is trading at $84,280, with a 24-hour decline of 0.08%.

3 hours ago

Bitcoin Dips Below $84,000, 24-hour Loss of 0.2%

On March 17th, based on HTX market data, Bitcoin dropped below $84,000, and the current price is $83,977, with a 0.2% decrease in the past 24 hours.

3 hours ago

In the past 1 hour, there was a total of $66.17 million in liquidations across the network, with the largest being a short liquidation.

On March 17th, based on Coinglass data, a total of $66.17 million was liquidated across the network in the past 1 hour. Among them, $20.62 million was in long liquidations and $45.54 million was in short liquidations.

3 hours ago

Cryptocurrency total market cap drops to $2.8 trillion, with a 24-hour decrease of 3.3%.

On March 16th, as per Coingecko data, the total cryptocurrency market capitalization has plummeted to $2.8 trillion, with a 24-hour decline of 3.3%.
On the day of Trump's second inauguration (January 20th), the total cryptocurrency market capitalization stood at $3.621 trillion. Since Trump took office, the total cryptocurrency market capitalization has decreased by around $821 billion, representing a decrease of 22.7%.

3 hours ago

DOGE's Recently Active Addresses Surge, Short-Term Peak Exceeds 390,000

On March 16th, based on Santiment data, the number of active addresses for DOGE has witnessed a significant surge of approximately 400% recently and reached a short-term peak of more than 390,000. Nevertheless, it still lags far behind the peak of 1.64 million on November 22nd, 2024.

3 hours ago