SOL’s price is painting a textbook cup-and-handle pattern breakout with a price target of around $6,300. Key takeaways: SOL price has climbed to a five-month high, driven by strong technicals and rising network activity. Solana’s cup-and-handle pattern targets a SOL price of as high as $6,300. Read more
As US conservatives rapidly shape the crypto landscape through policy, funding and grassroots adoption, progressives remain divided and hesitant. Progressives lack a unified strategy and risk losing relevance. Opinion by: Michael Rovner When US President Donald Trump called for America to become “the crypto capital of the planet,” he acknowledged a growing sentiment among his supporters. Crypto is no longer simply an asset class or subculture to this group; it’s a parallel financial system being shaped by tech-savvy conservatives for political and economic ends. Political campaigns now use crypto as core fundraising infrastructure. Conservative lawmakers, strategists and donors use it to reshape decisions, particularly in places with fewer regulations. This has created an environment shaped by right-leaning values, with progressives essentially sitting it out. Read more
From GPUs to AI deals, Bitcoin miners are finding new lifelines beyond crypto. AI is becoming a major revenue stream for them. The 2024 Bitcoin halving reduced block rewards to 3.125 BTC, cutting miners’ income in half. This change, combined with higher electricity costs, expensive equipment maintenance and increased competition, made traditional mining less profitable. Many mining companies struggled to maintain their profit margins and began exploring other revenue sources. Although Bitcoin mining relies on devices called ASICs, mining companies have access to energy-dense data centers and power infrastructure. As demand for AI compute skyrockets, many miners are repurposing or upgrading their facilities with GPUs to support AI training and inference workloads. Read more