Overview

• Bitfarms jumped 26% and Cipher Mining rose 20%, with Bitdeer, IREN and Marathon gaining around 10% as Bitcoin reclaimed $114,000.
• President Trump walked back his 100% China tariff threat on Truth Social, and Treasury Secretary Scott Bessent said the tariffs "don't have to happen."
• Friday's flash crash triggered roughly $19 billion in leveraged liquidations, the largest on record, with about half occurring on Hyperliquid and sizable losses on Bybit and Binance.
• Exchanges faced operational issues, including a Binance display bug that briefly showed some tokens at zero and a temporary USDe depeg confined to Binance, drawing calls for investigations from Crypto.com CEO Kris Marszalek.
• AI-related catalysts bolstered miner sentiment, including an OpenAI partnership with Broadcom for custom chips and Bloom Energy's $5 billion data-center deal with Brookfield.