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Cango sells its auto finance business to Ursalpha for $352 million
04-03 13:57

Odaily News Cango announced the sale of its domestic auto finance business to Ursalpha Digital Limited, which is associated with Bitmain subsidiary Antalpha, for $352 million. The transaction is part of Cango’s overall transformation into a bitcoin mining business.
It is reported that the transaction includes an advance payment of US$210.6 million paid by Ursalpha, and additional installments depend on fulfilling tax obligations and reducing the credit risk exposure of the divested entity. In addition, Cango mined 530 BTC in March, with a total of 2,475 coins held. (Theminermag)

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Thomas Lee: ETH will remain one of the biggest macro trends in the next 10 to 15 years
ILV rose to 23.3 USDT, a 43% increase on the day.
Bloomberg analysts: Since the launch of the Bitcoin spot ETF, its volatility has dropped significantly and is now less than twice that of gold
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Trader Eugene disclosed that he has taken profit on his ETH long position, and the expected return rate is about 6.14% in less than four days.
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