Bitcoin reached a record in computing power, but rising block difficulty continues to hurt miners’ profits. Summary Bitcoin mining hashrate reached a record 1.13 Zh/s in October. Geographically, this expansion was driven by Kazakhstan and the Middle East Still, mining profitability fell 7% due to increasing block difficulty Bitcoin miners found themselves under pressure from…
Sygnum Bank’s fourth quarter outlook sees crypto markets under macro pressure, but Ethereum may be positioning for a major rally. Summary The crypto bull market is on thin ice, says the latest Sygnum report Macro pressure crushed the altcoin rally that traders expected While most are looking at Bitcoin, Ethereum may be preparing for a…
AMINA Bank has planted its flag in the European Union, with its Austrian subsidiary receiving a full MiCA license. The move provides the bank with a regulated gateway to serve professional investors across more than thirty markets. Summary AMINA Bank’s Austrian arm has received full MiCA authorization. The license enables trading, custody, and portfolio management…
BitMine’s stock price retreated for seven consecutive days as the crypto market remained under pressure, with Bitcoin and top altcoins continuing to fall. Summary BitMine share price has formed a bearish pennant pattern. The company continued accumulating Etherem and now holds 3.39 million coins. Its total holdings are worth over $14.2 billion today. BitMine Immersion…
The Pi Network price has crashed by over 90% from its all-time high, and each rebound has met substantial resistance. Summary Pi Network price has plunged by over 90% from it all-time high. The coin has formed the highly bullish falling wedge pattern. Its developers have made some important announcements that may boost its performance….
Bitcoin bled nearly a billion dollars alone last week, single-handedly driving a sector-wide flight of $360 million as Jerome Powell’s “not a foregone conclusion” remark cooled December rate-cut hopes. Summary Bitcoin investment funds saw $946 million in outflows last week, driving a total $360 million crypto retreat after Powell’s rate-cut caution. U.S.-listed Bitcoin ETFs led…
The crypto market crashed today, Nov. 3, as a risk-off sentiment continued and as a senior Federal Reserve official warned about interest rates in the United States. Summary The crypto market could crash further amid concerns about the Federal Reserve. Austan Goolsbee and Jeff Schmid have warned about inflation and interest rate cuts. Bitcoin has…
The Ethereum Foundation has introduced a new grant structure for the Ecosystem Support Program to further innovation and adoption on the Ethereum blockchain. Summary Ethereum Foundation announces new grants program approach. Move follows the organization’s brief pause to all open applications in late August. The Ethereum community is looking forward to the activation of the…
Aster token price drops sharply to $0.92 after bullish momentum fades. Buyers are defending support, but weak volume signals uncertainty about a sustainable recovery. Summary ASTER’s rally collapses back to $0.92 high-timeframe support. Weak volume threatens further downside and prolonged consolidation. A rebound to $1.30 depends on stronger bullish inflows and structural confirmation. Aster (ASTER)…
Chainlink price crashed to the lowest level since Oct. 17, mirroring the performance of most cryptocurrencies. Summary Chainlink price has formed a bearish pennant pattern. LINK has also formed a death cross, pointing to more downside. The coin may continue falling during the upcoming SmartCon Conference. Chainlink (LINK), the biggest oracle in the crypto industry,…
