Author: NBTC
Bitcoin BTC$106,546.31 mining profitability fell in April as the network hashrate rose, investment bank Jefferies said in a research report Tuesday.”BTC mining profitability decreased by 6.6% in April, driven by a 6.7% increase in the network hashrate,” analysts Jonathan Petersen and Jan Aygul wrote. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. U.S. publicly listed mining companies produced 3,277 bitcoin in April, a drop from the 3,534 coins that were mined in March, the report noted, and…
Crypto markets slumped on Monday morning, with seven of the top ten cryptocurrencies in the red, including bitcoin. Market Dip Drags Bitcoin Under $94K While Equities Hold Steady Bitcoin (BTC) fell to $94K on Monday morning as crypto markets tumbled 1.06% to a market capitalization of $2.93 trillion, according to data from Coinmarketcap. Stocks traded mostly sideways with the major indices barely budging, although gold climbed 2.38% to $3,320.60 per ounce at the time of reporting. The cryptocurrency’s pullback, comes in the wake of last week’s rally that saw BTC surge all the way to $97,905.90 on Friday after the…
Responding to Succinct Labs’ real-time proving milestone in the ecosystem, Vitalik Buterin says the Ethereum team hopes to increase the Layer1 gas limit by ten to 100 times. In a recent post, Buterin commented on an X user’s skeptical take on an announcement from Succinct Lab’s co-founder Uma Roy about her team’s recent demo of a full “zkVM” proof system for the ecosystem’s execution layer. Although Buterin does congratulate the Succinct team on their progress, he proceeds to point out four areas that the project — as well as the wider network — needs to tackle in order to make…
The Decentralized Physical Infrastructure Networks (DePIN) sector is experiencing notable growth, now having over 25 projects generating revenue. According to Messari, the sector’s price-to-sales (P/S) ratio currently sits between that of base layer protocols and DeFi projects, which indicates a maturing market with growing revenue. DePINs, split into Digital Resource Networks (DRNs) and Physical Resource Networks (PRNs), are evaluated for valuation drivers, and Messari’s chart compares their P/S ratios in the time span between 2023 and 2024. The report analyzes 80 DePIN projects, showing that 25 of them are revenue-generating, with valuations based on Fully Diluted Valuations (FDVs). It must…
A little-known crypto token saw sharp volatility today. FIFA surged over 67% in recent days before crashing more than 58% in the past 24 hours, according to CoinMarketCap data. The token, trading under the symbol FIFA and priced at just $0.000000259, briefly drew attention amid speculative rumors that it was linked to the global football organization FIFA’s web3 initiatives. The token is currently ranked #3534 on CoinMarketCap. There is no evidence that the FIFA token is connected to the official governing body. You might also like: Galaxy CEO: Biden was ‘un-American’ to crypto, BTC to hit $150k FIFA’s new NFT…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. President Trump today made a visit to Capitol Hill for the House GOP Conference Meeting in hopes of convincing Republican holdouts to support his “big, beautiful” tax bill. Despite ongoing fighting within the GOP, Trump told reporters before the meeting that the party is more unified than ever. “This is really just a pep talk,” he said this morning. “We have a very unified House and we have a very unified Senate.” Trump added that Republicans who don’t get on board could face an uphill battle…
Effort will Unite Builders, Players, and Communities on the Leading EVM Platform in Polkadot [May 20, 2025 – Singapore, SG] -Moonbeam, the premier destination for EVM-based applications in the Polkadot ecosystem, is leveling up its commitment to Web3 gaming with the launch of the Moonbeam Gaming Hub—a dedicated portal spotlighting the growing ecosystem of games, tools, and tournaments built on Moonbeam. Whether someone is a developer looking to launch, a player ready to compete, or a community member wanting to connect, the Moonbeam Gaming Hub is a gateway to the future of Web3 gaming. “Moonbeam has always focused on reducing…
An investor’s $1 billion Bitcoin bet on the decentralized exchange Hyperliquid swung massively on Wednesday, with their account surviving a $32 million drawdown on paper, as the asset’s price ping-ponged on a volatile day of trading. The user, controlling a wallet starting with “0x507,” saw their position whipsaw between a profit and a loss, hours after topping off the 40x leveraged long position, according to blockchain explorer HypurrScan. Bitcoin rose to a record $109,500 earlier in the day. The bet anticipated that the original cryptocurrency’s price would continue to rise, and after adding funds to the leveraged position, the user’s…
Sangha Renewables, a bitcoin BTC$106,546.31 mining firm that aims to enable renewable energy companies to mine bitcoin, broke ground Wednesday on its flagship 19.9 megawatt (MW) solar facility in West Texas.“We have been extremely pleased with the development so far,” Spencer Marr, the firm’s president, told CoinDesk in a statement. “We made the decision to use our own funds to buy long lead time electrical infrastructure last November, even prior to the deal closing, to ensure we could be mining as soon as possible, and that has paid off.” “We also have a great team of partners and suppliers, including…
Bitcoin traded between $94,089 and $94,305 over the last hour, while its market capitalization stood at $1.86 trillion. Daily trade volume reached $19.74 billion, with the 24-hour price range spanning $93,806 to $95,741. Bitcoin On the 1-hour chart, bitcoin continues to reflect a short-term bearish structure, following a consistent series of lower highs and lower lows from the local peak at $96,620. The most notable signal comes from a red volume spike around $93,550, which suggests intensified selling pressure and limited participation from buyers on rebounds. This behavior is characteristic of a descending channel or potential bear flag pattern. Given…