Cipher Mining Inc. shares rise 2.31% premarket as crypto firms make moves in the public market.

Cipher Mining Inc. rose 2.31% in premarket trading. The positive movement can be attributed to the renewed optimism in the crypto market, with firms such as Cantor Fitzgerald and BitGo making moves in the public market. Additionally, the authorization of Coinshares Asset Management under the EU's MiCA regulation and the launch of a $30 million cryptocurrency investment fund by SEALSQ indicate a growing institutional interest in the crypto sector, which is likely to benefit Cipher Mining Inc.