US Probes Bitmain for National Security Concerns

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…

The post American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight appeared on BitcoinEthereumNews.com. Key Takeaways: American Bitcoin (ABTC) surged nearly 85% on its Nasdaq debut, briefly reaching a $5B valuation. The Trump family, alongside Hut 8 Mining, controls 98% of the newly merged crypto-mining entity. Eric Trump called Bitcoin “modern-day gold,” predicting it could reach $1 million per coin. American Bitcoin, a fast-rising crypto mining firm with strong political and institutional backing, has officially entered Wall Street. After merging with Gryphon Digital Mining, the company made its Nasdaq debut under the ticker ABTC, instantly drawing global attention to both its stock performance and its bold vision for Bitcoin’s future. Read More: Trump-Backed Crypto Firm Eyes Asia for Bold Bitcoin Expansion Nasdaq Debut: An Explosive First Day ABTC’s first day of trading proved as dramatic as expected. Shares surged almost 85% at the open, touching a peak of $14 before settling at lower levels by the close. That initial spike valued the company around $5 billion, positioning it as one of 2025’s most-watched listings. At the last session, ABTC has been trading at $7.28 per share, which is a small positive 2.97% per day. Although the price has decelerated since opening highs, analysts note that the company has been off to a strong start and early investor activity is a hard-to-find feat in a newly-launched crypto mining business. According to market watchers, the listing comes at a time of new momentum in the digital asset markets. With Bitcoin trading above $110,000 this quarter, American Bitcoin’s entry comes at a time when both institutional investors and retail traders are showing heightened interest in exposure to Bitcoin-linked equities. Ownership Structure: Trump Family and Hut 8 at the Helm Its management and ownership set up has increased the visibility of the company. The Trump family and the Canadian mining giant Hut 8 Mining jointly own 98 percent…

The post Philippines Bets on Sui’s Move Language as Education System Struggles With Basics appeared on BitcoinEthereumNews.com. A new blockchain builder program in the Philippines is helping train young developers in a remote province to write blockchain code and ship projects on-chain. Students from Puerto Princesa, the capital city of Palawan, a long, sparsely populated island province isolated to west of the Philippines, spent weeks learning something entirely new to them: Move, an open-source smart contract language originally developed from Meta’s Diem project, now adapted by its former developers who went on to build Sui and Aptos. Dubbed the Sui Builder Program, the initiative offers a skills-based and results-oriented path that stands in contrast to economies of escape many young Filipinos have turned to as systemic disparities widen and formal opportunities narrow. “What this opportunity has brought us changed our mindset [that] we should be thinking more, dreaming big,”  Nicholo dela Rosa, a third-year computer science student at Palawan State University, said onstage Friday at YGG Play Summit, the largest player-focused Web3 gaming event held annually in Manila. His team, The Scouts, won a hackathon as part of the program to create Campfire, an on-chain app that digitizes certificates and community assets while letting users earn badges for event participation. His co-developer, JK Rabanal, described it as a “gamified Luma on Sui,” referring to an app popular among crypto industry events. Asked why Move makes a good starting point for new developers in places far from major tech hubs, James Wing, who leads AAA gaming partnerships at Mysten Labs, developers of the Sui blockchain, told Decrypt the programming language “allows for object oriented models” that are a “more natural architecture to learn and build on for real world use cases.” The initiative was supported by the Philippine government’s national agency for information and communications technology through its regional office for Palawan. It opened training hubs and provided…