Ethereum’s Merge cut power use over 99.9%, Cambridge finds
The Cambridge Centre for Alternative Finance has estimated Ethereum’s annual electricity consumption at 7.87 gigawatt-hours. That equals a continuous power demand of about 0.90 megawatts. The study places Ethereum near the lower end of energy intensity among major proof-of-stake blockchains when researchers adjust electricity use for market value. Cambridge also estimated annual emissions of about…
Adam Back and Michael Saylor oppose BIP 110 as fork risk grows
Blockstream co-founder Adam Back and Strategy founder Michael Saylor have publicly opposed BIP 110, a proposed temporary soft fork for Bitcoin. A Wu Blockchain post summarized their comments on July 12. Back said the plan attempts to police transactions that other users choose to send. He argued that this approach conflicts with Bitcoin’s decentralized and…
Cynthia Lummis races to save the CLARITY Act before 2030
Sometime in the week of July 13, according to people briefed on the negotiations, Senate staff will release a unified draft of the Digital Asset Market Clarity Act, merging months of parallel work by the Banking and Agriculture Committees into a single text reportedly more than 70 pages longer than either predecessor. Floor action is…
Tom Lee predicts Ethereum will unite Wall Street and crypto
Tom Lee has reaffirmed that Ethereum will play the central role as traditional finance and cryptocurrency converge into a single market. Summary Tom Lee says traditional finance and crypto will eventually merge into one market, with Ethereum at the center. His comments come as Bitmine’s Ethereum treasury has grown to 5.74 million ETH, equal to…
Empery abandons part of Bitcoin treasury to tackle debt burden
Empery has sold 1,400 Bitcoin for about $87.1 million since May, using the proceeds to reduce debt, fund acquisitions, cover legal costs, and strengthen its cash position while scaling back part of its Bitcoin treasury. Summary Empery sold 1,400 BTC for $87.1 million to reduce debt and fund operations. The company now holds 1,514 BTC…
Suspected Hedera exploit sends over $5.8M to Ethereum as HBAR slips
Hedera’s native token HBAR has fallen more than 2% after blockchain security researchers reported that a suspected exploit had moved more than $5.8 million in assets from the Hedera network to Ethereum. Summary Suspected Hedera exploit moved more than $5.8 million in assets to Ethereum, according to blockchain security researchers. Specter and PeckShield said the…
South Korea tests blockchain stablecoin in first government pilot
South Korea has launched its first government-backed blockchain stablecoin pilot after Gyeonggi Province confirmed an eight-month proof-of-concept program scheduled to begin in August. Summary Gyeonggi Province will begin South Korea’s first government-backed blockchain stablecoin pilot in August. ZKrypto will test issuance, settlement, privacy, fraud prevention, and proof-of-reserves through February 2027. Toss and KT have also…
Bitcoin price prediction July 2026: Fed decides
Bitcoin closed the worst half-year in its recent history near $60,000, down from $93,000 in January and fresh off a 21-month low, and almost none of the damage came from crypto itself. The Federal Reserve and record ETF outflows did it, and the same two forces meet again at the July 28-29 policy meeting that…
Trump signals new Iran talks as Bitcoin surges past $64K
Bitcoin has climbed above the $64,000 level after U.S. President Donald Trump confirmed that the United States has agreed to continue talks with Iran following a new request from Tehran. Summary Trump confirmed the U.S. will continue talks with Iran after a new request from Tehran. Bitcoin climbed above $64,000 as markets reacted positively to…
Bitcoin price challenges $65K after Trump signals possible Iran talks
Bitcoin price has climbed toward the key $65,000 resistance zone after U.S. President Donald Trump said Iran had reached out to Washington to discuss a possible agreement, easing geopolitical concerns and lifting demand across risk assets. Summary Bitcoin price has climbed above $64,000 after Trump’s comments on possible Iran talks boosted risk sentiment. Rising futures…
