Everything web3, crypto, defi, degen
In brief SharpLink Gaming plans to stake part of its $3.6 billion ETH holdings on Linea network for higher yields, moving beyond traditional custodians Anchorage and Coinbase. SEC and CFTC leaders announced they’re considering 24/7 trading markets to align with crypto’s always-on nature, marking another potential Trump administration change to financial markets. Bitcoin miners hit…
In brief Bitcoin’s single-day hash rate—a measurement of computing power—hit an all-time high of 1.279 on Tuesday. The hash rate also reached a moving average record for seven days. Miners, who work to secure Bitcoin’s network, have faced various challenges. Bitcoin’s single-day hash rate on Tuesday hit a new high of 1.279 zettahash per second…
In brief The market cap of top Bitcoin miners tracked by JP Morgan last month soared to a new record. This comes as publicly-traded miners branch out into high-performance computing, analysts at the bank said. The environment for the Bitcoin mining industry has been challenging. The market cap of top publicly-traded Bitcoin miners soared last…
In brief Bitcoin historically follows four-year cycles where it soars one year after its halving and then crashes in price. Some experts say this cycle could be different, though. This is because a new type of investor is now involved in buying the cryptocurrency via ETFs. If history is anything to go by, then Bitcoin…
In brief Nasdaq-listed Bitdeer posted earnings this week—with slimming profits but increased revenue. The miner is laser-focused on its expansion. But it won’t be pivoting to a treasury strategy yet. Bitcoin mining has faced challenging times as costs rise, rewards fall and the macroeconomic environment grows more uncertain, but Nasdaq-listed Bitdeer (BTDR) told Decrypt that…
For many years, the idea that publicly traded corporations might buy Bitcoin for their reserves was considered laughable. The top cryptocurrency was considered too volatile, too fringe to be embraced by any serious business.That taboo has been well and truly broken, with a number of major institutional investors buying up Bitcoin in recent years.The floodgates…
In brief Jack Dorsey’s Block has released a new Bitcoin mining rig, aiming to disrupt the market. The machine is supposed to cut costs for miners because it has swappable parts. Dorsey is an outspoken Bitcoin advocate who has pursued numerous BTC initiatives. Jack Dorsey’s fintech Block has released its latest Bitcoin product: a long-lasting…
In brief Cameron and Tyler Winkelvoss have invested an undisclosed amount of BTC in the Trump-tied American Bitcoin, a crypto mining firm. American Bitcoin bought roughly $2 billion in Bitcoin earlier this summer. The mining firm was formed this year through a merger with Gryphon Digital Mining Inc. in an all-stock deal. Gemini founders and…
In brief Bitcoin miners earned an average of $57,400 per EH/s in daily block reward revenue, JP Morgan analysts noted. The miners’ profits hit their highest monthly mark since the halving in April 2024. A rise in the price of the leading cryptocurrency by market value helped. Bitcoin miner profits reached their highest monthly mark…
In brief Marathon Digital’s AI strategy relies on co-developing platforms with energy firms. The strategy is unproven, according to analysts at Compass Point. The Bitcoin miner is also trying to grow its revenue abroad. Analysts at investment firm Compass Point reiterated a “neutral” rating for Marathon Digital on Wednesday, arguing that the firm’s focus on…
