[ad_1] A recent Cambridge report confirms that the United States now leads global Bitcoin mining, prompting questions about how China will respond. Though the country has long held an anti-crypto stance, Chinese mining pools have historically controlled a substantial portion of the global Bitcoin hashrate. The US’s current competitive edge and renewed hostility over trade policy might motivate China to recapitulate. BeInCrypto spoke with representatives from The Coin Bureau and Wanchain to understand what might encourage China to change its stance toward digital assets. US Overtakes China as Top Bitcoin Mining Hub The US has firmly established itself as the…
Author: NBTC
[ad_1] Grayscale’s Bitcoin Trust ETF (GBTC) generates more revenue than all other spot Bitcoin exchange-traded funds combined, despite charging fees that are up to seven times higher than its competitors. GBTC is still “making more $$$ than all of the other ETFs combined…” Nate Geraci, president of ETF Store, stated on X on Sunday. “And it’s not even close.” The fund generates approximately $268.5 million in annual revenue, with a 1.5% expense ratio applied to $17.9 billion in assets under management, according to Coinglass data. All the other U.S.-Bitcoin ETFs shown by Geraci generate an implied annual revenue of a…
[ad_1] Solana has emerged as a leader in blockchain infrastructure, attracting attention for both its speed and the breadth of its decentralized financial applications. As competition in the staking and MEV landscape intensifies, new solutions are charting the future of the validator economy. BeInCrypto interviewed Brian Smith, Executive Director of Jito Foundation, during TOKEN2049 Dubai. Smith discussed Jito’s strategy, its place at the heart of Solana’s MEV infrastructure, and the pivotal choices underpinning its continued growth. Smith oversees Jito’s products and governance, including its innovative liquid staking solution JitoSol, restaking initiatives, and MEV tooling. At the interview, he shared his…
[ad_1] Trump-linked WLFI issued $128 million USD1 stablecoins, opting for BNB chain as the primary avenue. World Liberty Financial, a company linked to U.S. President Donald Trump’s family, minted $128.07 million in tokens on April 14. According to information shared with crypto.news by BNB Chain, the decentralized blockchain ecosystem originally incubated by Binance (BNB), almost 90% of these tokens are BNB, with the rest on Ethereum (ETH). In addition, USD1 also launched a trading pool on BNB-based PancakeSwap, which now holds $19 million in assets. Across BNB and Ethereum, USD1 now has a total value locked of $30 million, which…
[ad_1] ⚈ Ripple claims the SEC officially withdrew its appeal, though the SEC remains silent.⚈ XRP is trading at $2.09, down 2.54% daily but up 0.65% YTD.⚈ Despite resistance at $2.20, long bets rise, and whales continue accumulating XRP. The latest news regarding the Ripple v. SEC case has come from Ripple Labs, and it has caused a bit of a stir in the cryptocurrency market. On May 5, Ripple Labs published its Q1 2025 XRP markets report. Under “Key Highlights”, the report states the following: “The SEC officially withdrew its appeal, closing the chapter on a multi-year legal saga…
[ad_1] Bitcoin is set to break all-time highs as a top analyst sees surging inflows, strong fundamentals, and soaring investor confidence driving a massive rally. Bitcoin Primed to Shatter All-Time Highs as Fundamentals Ignite Massive Rally Willy Woo, a prominent onchain bitcoin analyst, shared an optimistic BTC outlook on social media platform X on April 27, highlighting a significant shift in market sentiment. Woo stated: BTC fundamentals have turned bullish, not a bad setup to break all time highs. Highlighting the strength of recent capital trends, Woo explained: “Capital flows into the network are ramping up. Both total and speculative…
[ad_1] Berachain officially launched RFRV Batch 3 and introduced a five-member Governance Guardians council for reward vault ratification. Berachain governance is now more open, with community involvement and a public feedback process before final decisions. Berachain has launched a major update in their governance system, which now features a new board dubbed “Governance Guardians.” Through this update, Berachain released Batch 3 of the Reward Vault Request Form (RFRV), along with the inauguration of five board members who will be tasked with screening and ratifying future reward vault applications. The board is filled by five figures with diverse backgrounds. There is…
[ad_1] President Donald Trump’s personal involvement in crypto has inspired a vigorous Democratic response in the Senate, including a new bill from Senator Chris Murphy to ban presidents and their families from dabbling in memecoins or issuing other financial assets. As the Connecticut lawmaker was introducing the Modern Emoluments and Malfeasance Enforcement (MEME) Act overnight, fellow Democrat Elizabeth Warren was fresh from a Senate floor speech on Monday evening in which she outlined what would get senators from her party to return to the table on stablecoin legislation. In just a few short days, Democrats have mounted a resistance to…
[ad_1] According to data provided by Google Trends, Google searches for Bitcoin have now plunged to multi-month lows. The score for this specific search term has plunged to 28 on the 12-month timeframe, the lowest level since October 2024. Google search interest for Bitcoin peaked in November 2024, which came shortly before the cryptocurrency surpassed $100,000 for the first time. After recovering from the recent price correction, Bitcoin is hovering near the $95,000 level. However, retail investors do not seem to be on board despite the fact that the cryptocurrency is just 13% away from its record high of $108,786…
[ad_1] Democrats in the U.S. House of Representatives derailed what was supposed to be a joint hearing on crypto policy efforts on Tuesday, insisting that President Donald Trump’s personal crypto dealings were too urgent to allow other discussion on instituting industry regulations. “I object to this joint hearing because of the corruption of the president of the United States and his ownership of crypto and his oversight of all the agencies,” said Maxine Waters, the ranking Democrat on the House Financial Services Committee, effectively robbing the gathering of its official status that required unanimous consent to proceed with the panel’s…