ASIC

Australia's regulator, ASIC, took down Yepbit websites after investors reported blocked withdrawals. ASIC denied Yepbit's false claims that the regulator had frozen investor funds. The action was taken by ASIC against the platform.

ASIC states that ASX has agreed to pay a fine for issuing a misleading Chess statement. The incident involves the Australian Securities Exchange in Sydney.

Bitcoin mining is facing significant challenges due to low revenue and high energy costs, with bitcoin's price dropping by 21% in a single day. The bitcoin hashprice has hit an all-time low, making it difficult for miners to operate profitably. The industry is shifting towards AI and decommissioning ASIC fleets.