Data shows that BTC’s “average annual returns have gradually declined, with no peaks at all in the last cycle, confirming the hypothesis that Bitcoin's risk/return structure has changed.” The phenomenon of financial bubbles is hotly debated among industry operators, and there are several academic papers on the subject, starting with Professor Didier Sornette’s 2014 study of financial bubbles. In fact, the paper defines a “bubble” as a period of unsustainable growth with prices rising faster and faster, i.e., growing more than exponentially. Obviously, bubbles by definition are destined to burst and bring prices back to their starting value or worse. In the recent past, Bitcoin (BTC) has experienced periods of more than exponential growth, followed by very sharp declines, called “crypto winter,” a period when no one talked about Bitcoin and other assets anymore, meaning there was a freeze around the sector, and prices collapsed. Previous declines following the Bitcoin price bubble were -91%, -82%, -81%, and -7...
IBM targets quantum advantage by 2026 and fault-tolerant systems by 2029 with new processors and faster error correction, advancing the race toward quantum computing. Technology company IBM (NYSE: IBM) announced new developments in its quantum computing research, including advances in processors, software, and error correction. At its annual Quantum Developer Conference in New York on Wednesday, the company outlined plans to achieve quantum advantage by 2026 and fault-tolerant systems by 2029. Quantum advantage refers to the point at which a quantum computer can solve a problem faster or more efficiently than any classical supercomputer. IBM said its new “Nighthawk” processor will play a central role in reaching that milestone, delivering circuits 30% more complex than its previous generation while maintaining low error rates. Read more
The largest Bitcoin ATM operator in North America is expanding to Hong Kong, citing growing global demand for cash-to-crypto access. Bitcoin Depot (Nasdaq: BTM), the largest Bitcoin ATM operator in North America, is entering the Asian market with a new launch in Hong Kong, marking the company’s first international expansion into the region. According to an announcement on Wednesday, the expansion reflects a strategy to reach markets with strong demand for easy cash-to-crypto conversion. Bitcoin Depot aims to be among the top five Bitcoin ATM operators in Hong Kong, it said. “Hong Kong is quickly becoming a global center for crypto, with the right mix of regulation, demand, and momentum,” said Scott Buchana, Bitcoin Depot’s president and chief operating officer. Read more
The incident at the Massillon, Ohio, facility followed the company's Q3 earnings report on Monday, showing a net loss of over $266 million. Bitcoin mining company Bitdeer confirmed that a fire broke out at its facility in Massillon, Ohio, on Tuesday, with no reported casualties. The fire affected two of 26 buildings under construction at the Massillon site, which does not have any mining rigs installed, according to an announcement on Wednesday. Bitdeer said it “does not expect” the incident to impact the company’s operational hashrate, a measure of the total computing power commanded by its mining operations. Read more
New data shows stable altcoin speculation despite Bitcoin’s price drop, hinting at early signs of risk re-entry and a more mature altcoin cycle ahead. Despite Bitcoin’s (BTC) 10% decline in October, Capriole Investments’ Altcoin Speculation Index has remained flat around 25%, suggesting that speculative activity in the altcoin market is holding steady rather than collapsing alongside BTC. This relative stability could indicate an early phase of re-entry among market participants, as investors selectively rotate into higher-risk crypto assets despite macroeconomic caution. Key takeaways: Altcoin speculation remains stable despite Bitcoin’s October slump to $100,000. Read more