Author: NBTC
According to a recent Clear Street report, Bitcoin miners are pursuing yield strategies for their BTC holdings and diversifying into AI compute. The report, titled ‘BTC Mining: 2025’s Key Themes Emerge,‘ outlines three themes for 2025: generating revenue on bitcoin reserves, leveraging existing infrastructure for HPC initiatives, and benefiting from a shift in US regulatory leadership. Bitcoin yield and spot ETF upgrades Clear Street’s authors indicate that several miner management teams are investigating ways to create income from stored BTC, with securities lending described as a potentially viable approach pending regulatory adjustments. The report states that a new SEC stance…
Bitcoin is currently testing levels below the crucial $95k mark and is down by more than 4% in the last 24 hours. In the meanwhile, PlanC (@TheRealPlanC) shared a bold prediction about MicroStrategy’s Bitcoin accumulation strategy, suggesting that the company could hold over 1 million Bitcoins by January 1, 2030. The prediction is based on a polynomial fit, which is a statistical method used to project future trends based on past data. According to this analysis, MicroStrategy could own exactly 1,039,965 BTC by the given date. PlanC also highlighted that the current trend shows the company is ahead of schedule…
Ethereum (ETH) has broken free from nearly two weeks of consolidation under $3,524, marking a significant price breakout. The altcoin king is now closing in on the critical $3,721 barrier, with bullish momentum supported by strong investor activity. Ethereum appears poised to continue its climb toward the $4,000 milestone. Ethereum Investors Are Bullish The exchange net position change highlights a substantial outflow of 89,000 ETH, equivalent to approximately $323 million. These outflows signify heightened accumulation as investors transfer their assets off exchanges to secure long-term holdings. As Ethereum’s price rises, the fear of missing out (FOMO) could further drive demand…
Treasury Secretary Janet Yellen is urging Congress to act as the debt ceiling deadline approaches. In a letter to Speaker of the House Mike Johnson, Yellen says the government will likely reach its debt limit sometime in January, largely because of obligations related to Medicare payments – forcing the government to take “extraordinary measures” to pay its bills. The Treasury has previously used the term “extraordinary measures” to refer to suspending investments in certain entitlement programs, pausing sales of Government Series treasury securities and other accounting maneuvers to keep the government running. Says Yellen, “Treasury currently expects to reach the…
Representative Michael Collins, a Georgia Republican, has disclosed trades in the meme coin “Ski Mask Dog,” according to financial reports filed with the House of Representatives. CONGRESS MEMBERS ARE NOW TRADING MEME COINS… (I’m not even kidding) Congress member Michael Collins just filed for his purchase of a crypto meme coin called “Ski Mask Dog” Which part of the cycle are we in? pic.twitter.com/jVTtrBhWdF — Stocktwits (@Stocktwits) December 3, 2024 As per Stocktwits’ post on X, the disclosure shows that Collins invested between $1,000 and $15,000 in the token through two separate transactions between December 1 and December 2, 2024.…
CleanSpark Inc., a publicly traded Bitcoin mining company, mined 668 Bitcoin in December 2024. The company sold 12.65 Bitcoin during the same period at an average price of $101,246 per Bitcoin (BTC). By year-end, CleanSpark held 9,952 Bitcoin in its reserves, according to a company release. For 2024, CleanSpark reported mining a total of 7,024 Bitcoin, marking a significant increase in its operational capacity. The company’s computing power, or hashrate, grew to 39.1 exahashes per second, reflecting the speed and power of its mining operations. Additionally, CleanSpark improved its energy efficiency, reducing energy consumption per unit of work to 17.59…
Bitcoin is witnessing a surge of on-chain activity, with daily active addresses nearing 1 million, data indicates. Bitcoin’s (BTC) march to $100,000 has driven a surge in on-chain activity, with data from IntoTheBlock showing a shift in the cryptocurrency’s long-term activity trend. In a post on X on Nov. 26, on-chain analysts highlighted that the number of daily active addresses on the Bitcoin blockchain is “approaching 1 million,” calling it the “first prolonged increase of this scale since 2021.” Bitcoin’s long-term activity trend has decisively shifted, with on-chain activity seeing significant growth.The number of daily active addresses is approaching 1…
Vitalik Buterin, the co-founder and chief scientist of Ethereum, believes that the values underpinning crypto and web3 hold the key to ensuring that the trajectory of technological advancement serves to benefit mankind. In a January 5 blog post, Buterin noted that more than 12 months have passed since he first outlined his ethos for techno-optimism, advocating for “decentralized and democratic, differential defensive acceleration (d/acc).” Buterin summarized the philosophy as the belief that technological advancements have allowed humanity to circumvent many dangers in the past, but that future innovation could lead society towards either a positive or harmful future. As such,…
2024 was a landmark year for cryptocurrency ETFs, marking a pivotal moment in the evolution of the financial markets. Among nearly 740 newly launched ETFs in 2024, the top 8 funds with the highest year-to-date (YTD) flows were exclusively crypto-related. This striking trend underscores the growing appetite for digital assets among institutional and retail investors alike, as blockchain technology cements its place in the mainstream financial ecosystem. Top 8 ETFs: Breaking Down the Leaders The table highlights the eight top-performing ETF launches of 2024, categorized by their impressive YTD flows. Here’s a breakdown of the funds dominating the market: iShares…
XRP price witnessed a significant recovery following South Korea’s swift reversal of martial law late on Tuesday, December 3, 2024. Ripple’s XRP token, which had experienced panic selling amid political turmoil, rebounded with a 1% gain in the past hour. South Korea’s Panic Mode Ends President Yoon Suk Yeol had unexpectedly declared martial law, pledging to suppress “anti-state” elements and accusing opposition lawmakers of sympathizing with North Korea. The move sparked significant controversy, evoking comparisons to South Korea’s authoritarian past. The military had further announced a suspension of parliamentary and political activities, which it claimed could lead to “social confusion,”…