Bitcoin's layer-2 network Stacks recently faced a nine-hour downtime due to unexpected mining behavior and a Bitcoin reorg. The network's token, Stacks (STX), dropped over 8% to $1.89 after block production resumed. Coolpad Group, a telecommunications firm, is investing $13.5 million in crypto mining rigs. The Bank for International Settlements (BIS) reported a rise in wholesale central bank digital currency (CBDC) experiments. BlackRock's chief investment officer mentioned that financial advisers are cautious about U.S. spot Bitcoin ETFs. Despite challenges, Bitcoin continues its adoption journey, with over $100 billion raised for crypto startups since 2014. Additionally, presidential candidate Donald Trump aims to support the crypto industry. In the gaming sector, Axie Infinity's creator plans to move away from Discord, while SocialFi enhances gaming revenue. Read more AI-generated news on: https://app.chaingpt.org/news
