The United States has launched an investigation into Bitmain due to national security concerns, focusing on potential espionage or infrastructure disruption. DHS leads “Operation Red Sunset,” examining if Bitmain’s devices pose risks.
US authorities are investigating Bitmain Technologies over potential national security risks, examining whether its Bitcoin mining devices could be used for espionage or infrastructure disruption. The Department of Homeland Security initiated the probe.
The investigation into Bitmain highlights security concerns regarding Chinese-manufactured technology, influencing global Bitcoin markets and regulatory frameworks.
The US government has launched a formal investigation into Bitmain, focusing on security risks posed by its devices. The Department of Homeland Security, leading the operation, addresses potential vulnerabilities. Known as “Operation Red Sunset,


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
