Coindesk

After the successful deployment last week of Pectra, Ethereum's biggest upgrade in more than a year, the network's core developers are already shifting focus to the next major chain upgrade: Fusaka.Pectra, the biggest code change to Ethereum since the Merge in 2022, introduced key changes aimed at making staking easier for institutions, improving wallet accessibility, and boosting transaction efficiency.Developers have already begun planning for Fusaka, the network’s next upgrade, and have thus far agreed to include an Ethereum Improvement Proposal (EIP) called "PeerDAS" that could help the network support larger "blobs" of transaction data. Blobs, introduced during the Dencun upgrade, are dedicated spaces for large chunks of data related to transactions. They are stored off-chain, which reduces congestion on the...

The bulls are back, and it's not just for bitcoin BTC. Latest data reveals that at least six of the other top 10 tokens by market value, excluding stablecoins, are now trading above their 200-day simple moving averages (SMA).The 200-day SMA is widely seen by many, including Coinbase, as the barometer of long-term trends. A sustained move above the average is considered bullish momentum.As of writing, XRP, BTC, BNB, ADA, TRX, SUI, traded comfortably above their respective 200-day SMAs, signaling a bull market. Meanwhile, ETH, SOL, DOGE and LINK remained below the average, data from TradingView show.That's an improvement from the end of April, when only XRP, BTC and TRX traded above their 200-day SMAS, and four weeks ago, when...

The number of electricity thefts uncovered in Malaysia soared by 300% between 2018 and end-2024, mainly due to the rise of illegal crypto mining, The Star reported on Monday.The cases were detected in joint operations that included electricity utility Tenaga Nasional Berhad (TNB), the country's largest, the Energy Commission and the police.“Joint operations and nationwide raids have successfully shut down illegal mining setups, contributing to an increase in detected cases from 610 in 2018 to 2,397 in 2024," the utility said in a statement to The Star.Crypto mining is the process of discovering new blocks, verifying transactions and adding them to the blockchain that underpins digital assets. The process, especially for proof-of-work blockchains such as Bitcoin, is energy intensive, providing...

American Bitcoin, Hut 8’s majority-owned unit backed by the Trump family, will go public via a merger with Gryphon Digital Mining (GRYP). Shares of Hut 8 Corp. (HUT) jumped 12% in pre-market trading, while Gryphon Digital Mining (GRYP) soared more than 200%, following the news.American Data Center, which was owned by Eric Trump and Donald Trump Jr, merged their firm with American Bitcoin in March. The Trump brothers own 20% of American Bitcoin, while Hut 8 holds the remaining 80%.The stock-for-stock transaction will result in Gryphon acquiring American Bitcoin, with the combined company adopting the American Bitcoin name and trading on Nasdaq under the ticker “ABTC.” The merger is expected to close as early as Q3 2025. American Bitcoin will...

Over the past two weeks, bitcoin (BTC) has significantly outperformed gold (XAU), and the bullish trend could intensify further. This outlook is supported by bullish developments in the bitcoin-to-gold ratio, which measures BTC's USD price against gold’s USD price per ounce and easing U.S.-China trade tensions. Recently, the ratio broke out of an inverse head-and-shoulders pattern, a classic bottoming formation characterized by a large trough flanked by two smaller ones, with a trendline connecting the recoveries between troughs. The breakout indicates bearish-to-bullish trend change, signaling further bitcoin outperformance.Last week, the ratio topped the trendline, and technical analysis suggests it could rise to at least 35.00 from the current 32.00. This target is derived by adding the spread between the largest...