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Bitcoin may be the hardest money known to man, but Bitcoin mining is plagued by 7 big structural problems sending smaller firms to the wall. Bitcoin miners make an invaluable contribution to the security of the hardest money known to man, but its a risky and challenging way to make a buck. Between 5,000 and 10,000 Bitcoin miners operate across the world, ranging from solo miners to massive corporations. It takes an average of 12 years for a solo miner to find a block meaning they do it for love and the lottery-like chance of striking big. Some organizations operate hundreds of thousands of Antminers. To earn a living wage from Bitcoin mining, youll need to operate between 200 and 1,000 machines depending on your electricity costs, according to analyst General Kenobi from Demand Pool. The worlds largest miner, Marathon Digital, operates 385,000 machines and has a hashrate of 57 exahash per second. Read more
Bitcoin may be the hardest money known to man, but Bitcoin mining is plagued by 7 big structural problems sending smaller firms to the wall. Bitcoin miners make an invaluable contribution to the security of the hardest money known to man, but its a risky and challenging way to make a buck. Between 5,000 and 10,000 Bitcoin miners operate across the world, ranging from solo miners to massive corporations. It takes an average of 12 years for a solo miner to find a block meaning they do it for love and the lottery-like chance of striking big. Some organizations operate hundreds of thousands of Antminers. To earn a living wage from Bitcoin mining, youll need to operate between 200 and 1,000 machines depending on your electricity costs, according to analyst General Kenobi from Demand Pool. The worlds largest miner, Marathon Digital, operates 385,000 machines and has a hashrate of 57 exahash per second. Read more
An early BNB investor turned $1,000 into $1 million as the token hit the $1,000 price level for the first time, highlighting long-term holding strategies in crypto markets. A long-term cryptocurrency investor turned $1,000 into $1 million, underscoring the payoff from patient holding strategies of digital assets. The “diamond hand” cryptocurrency holder turned their original $1,000 BNB (BNB) investment into over $1 million, marking a 1,000-fold return in eight years. The investor acquired their stash for just $1,000 when the Binance ecosystem’s native token traded for around $1 back in 2017, according to blockchain data platform Lookonchain. Read more
XRP’s bull flag pattern signalled the continuation of an uptrend toward $15, driven by institutional demand after the likely launch of spot exchange-traded funds. Key takeaways: A classic XRP price chart pattern puts $5-$15 in play this cycle. XRP enters mainstream finance with REX-Osprey’s XRP ETF launch. Read more
Binance co-founder warned about North Korean hackers after the white hat SEAL team uncovered the profiles and fake names of 60 impersonators. North Korean hackers are stepping up efforts to infiltrate cryptocurrency companies by posing as IT workers, raising fresh security concerns for the industry, according to Binance co-founder Changpeng “CZ” Zhao and a team of ethical hackers. CZ sounded the alarm Thursday on X about the growing threat of North Korean hackers seeking to infiltrate crypto companies through employment opportunities and even bribing exchange staff for data access. “They pose as job candidates to try to get jobs in your company. This gives them a “foot in the door,” specifically for employment opportunities related to development, security and finance, CZ said. Read more
Bio Protocol secured $6.9 million in funding from Maelstrom Fund, Animoca Brands and other investors to advance science using AI and crypto. Decentralized science (DeSci) platform Bio Protocol secured backing from investors including Maelstrom Fund and Animoca Brands to expand its artificial intelligence-native biotech research framework. Bio Protocol announced Wednesday that it had raised $6.9 million in funding, reflecting growing interest in decentralized approaches to drug discovery that integrate AI, blockchain and community engagement. Maelstrom founder Arthur Hayes described Bio Protocol as a potential “category-defining launchpad” for scientific research. “If it works, it’s not just a launchpad – it’s the birth of an AI-native research market,” he said. Read more
Bitcoin has a new key resistance zone to flip back to support as US Fed rate-cut reactions continue to play out in crypto bulls' favor Key points: Bitcoin bulls are busy flipping key levels back to support; can they crack $118,000 next? New all-time highs are on the horizon if the Fed reaction uptrend continues. Read more
The SEC approved Grayscale’s Digital Large Cap Fund, the first US multi-asset crypto ETP offering exposure to Bitcoin, Ether, XRP, Solana and Cardano. The US Securities and Exchange Commission (SEC) approved the first multi-asset cryptocurrency exchange-traded product (ETP) in the United States, clearing Grayscale’s Digital Large Cap Fund (GLDC) for listing. The fund will offer exposure to five of the world’s largest cryptocurrencies: Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA). The approval, disclosed in a filing on Wednesday, marks a milestone for the digital asset industry and follows the success of US spot Bitcoin exchange-traded funds (ETFs). A multi-asset crypto ETP gives traditional investors an easier way to gain exposure to several cryptocurrencies without opening accounts on exchanges or purchasing the tokens directly. Read more
DOGE analysts highlighted the potential of a price surge to $1 and beyond, fueled by the launch of the first Dogecoin ETF in the United States. Key takeaways: Dogecoin shifts from a memecoin to a mainstream asset with REX-Osprey’s Dogecoin ETF launch. DOGE price bullish megaphone pattern targets $1.40. Read more
Australia’s financial regulator has granted licensing exemptions for intermediaries distributing AFS-licensed stablecoins, starting with AUDM. The Australian Securities and Investments Commission (ASIC) has introduced licensing exemptions for intermediaries involved in the distribution of stablecoins issued by licensed entities. Under the newly published ASIC Corporations (Stablecoin Distribution Exemption) Instrument 2025/631, intermediaries distributing a stablecoin issued by an Australian financial services (AFS) licensee are no longer required to hold their own AFS, market or clearing and settlement facility licenses. “ASIC is committed to supporting responsible innovation in the rapidly evolving digital assets space, while ensuring important consumer protections are in place by having eligible stablecoins issued under an AFS licence,” the regulator said in a Thursday announcement. Read more
SEC Chair Paul Atkins says the new listing standards will reduce barriers to access digital asset products and give investors more choice. The US Securities and Exchange Commission has approved standards that could speed up spot crypto ETF approvals, as each application would not need to be assessed individually. The decision, detailed in SEC filings on stock exchanges like the Nasdaq, NYSE Arca, and Cboe BZX, on Wednesday, would streamlines the process under Rule 6c-11, significantly reducing approval timelines, which have taken several months in the past. “By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets,” SEC Chair Paul Atkins said in a separate statement. It comes as spot ETF applications for the likes of Solana (SOL), XRP (XRP), Litecoin (LTC) and Dogecoin (DOGE) await official approval. The SEC was facing deadlines from October onwards to decide on those cases, in addition ...
BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues. The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union. Read ...
The reported $683-million investment from Nvidia into Nscale came amid a push by the UK government to develop the country’s AI infrastructure. Nvidia, one of the most significant chip designers globally, reportedly announced a $683 million investment in a UK-based AI infrastructure company that spun off from a cryptocurrency miner in 2024. According to a Wednesday Bloomberg report, Nvidia CEO Jensen Huang said the investment in Nscale, the AI arm of crypto mining company Arkon Energy, would be part of efforts to develop the UK’s infrastructure around artificial intelligence. Nscale spun off Arkon in May 2024 to offer AI cloud services across Europe. The investment came amid a push by the UK government to develop the country’s AI infrastructure. Nvidia said it would partner with Nscale to scale up the UK’s capacity to 60,000 GPUs, which will be included in some of Nscale’s data centers by 2026. Read more
Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus. US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025. At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said: Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027. Read more
CME will list options on Solana and XRP futures for the first time, extending regulated crypto derivatives beyond Bitcoin and Ether amid growing US market demand. The Chicago Mercantile Exchange Group (CME), the world’s largest derivatives exchange, will expand its crypto offerings by introducing options on Solana and XRP futures starting Oct. 13. The move builds on record trading activity in Solana (SOL) and XRP (XRP) futures contracts since their launches earlier this year, according to the exchange. It also marks the first time CME has extended its options offering beyond Bitcoin (BTC) and Ether (ETH). Futures are contracts to buy or sell an asset at a set price on a future date, while options give traders the right, but not the obligation, to buy or sell those futures at predetermined prices. Read more
Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure. On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Treasury Council. “Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told...
Bitcoin struggles to hold the $115,000 level even after a Federal Reserve policy pivot brought about the long-awaited 25-basis point interest rate cut. Key takeaways: Bitcoin is struggling to hold above $115,000 after the Fed’s 25-bps interest rate cut. The Fed signaled an additional 50 bps of cuts through 2025. Read more
Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates. According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks. “The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back...
Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (bps) cut and a boost to risk asset prices in the long term. Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.” Read more
Bullish secures NYDFS BitLicense and Money Transmission License, unlocking crypto trading and custody services for institutions in New York. Bullish, the digital asset platform and infrastructure provider that debuted on the New York Stock Exchange last month, has secured regulatory approval to expand its operations in the United States — a key milestone as exchanges seek a clearer footing in one of crypto’s most scrutinized markets. Bullish announced Wednesday that its US arm, Bullish US Operations LLC, has been granted both a BitLicense and a Money Transmission License by the New York State Department of Financial Services (NYDFS). The approvals allow the company to offer institutional clients cryptocurrency spot trading and custody services in New York. Read more5789 items