Coindesk

The total market cap of the 14 publicly-listed U.S. miners that Wall Street bank JPMorgan (JPM) tracks dropped 22% in February as the bitcoin (BTC) price declined and mining economics came under pressure.Bitcoin miners with high performance computing (HPC) exposure fell following the DeepSeek artificial intelligence (AI) announcement, and due to concerns about demand for data center capacity in the near-term, the bank noted.Revenue and profitability fell last month. The bank estimated that bitcoin miners earned $54,300 per EH/s on average in daily block reward revenue in February, a 5% decline from the month previous."Daily block reward gross profit declined 9% m/m to $29,500 per EH/s in February," analysts Reginald Smith and Charles Pearce wrote.The average network hashrate rose 3%...

Infrared, the first proof of liquidity (PoL) staking protocol on Berachain, has raised $14 million in a Series A round led by Framework Ventures.It brings the total amount raised up to $18.75 million after a $2.25 million strategic round led by Binance Labs and a $2.5 million seed round.Berachain is a layer-1 blockchain that transitioned to its mainnet on Feb. 6, airdropping a token to ecosystem and exchange users at the same time. The network differs from other blockchains as it uses a proof-of-liquidity consensus mechanism to reward users and protocols to provide liquidity.And Infrared becomes one of the first projects to benefit from that mechanism with its liquid staking solutions for Berachain's native BGT and BERA tokens. Users that...

"Ask for 1,000 to settle at 500." This classic real estate negotiation strategy involves starting with an extreme demand, creating leverage over the counterparty to ultimately seal the deal at a lower price, which was your intended goal all along.U.S. President Donald Trump, formerly a real estate tycoon, is seemingly employing the same strategy in securing the promised strategic crypto reserve comprising bitcoin (BTC) and probably ether (ETH).On Sunday, Trump said on Truth Social that he expects payments-focused XRP, Solana's SOL, and Cardano's ADA tokens to be a part of the strategic digital assets reserve with bitcoin and ether at the core. The initial market reaction was exuberant, lifting the total market cap by 11% or $300 billion to $3.09...

Tom Lee, CIO of Fundstrat, recently spoke with CNBC, suggesting that the broader market may be nearing a bottom, potentially as soon as this week. Lee's outlook comes amid economic uncertainty as President Trump navigates his first 100 days in office. Several factors are contributing to market volatility, including the Department of Government Expenditure (DOGE) program, which imposes austerity measures that reduce public spending, and the tariff policies creating further uncertainty for businesses and investors.Bitcoin (BTC) has experienced yet another reversal in price, filling in Friday's CME gap and currently sitting at $83,000—down over 10% this year. Meanwhile, the Nasdaq 100 has also dropped nearly 10%, with another similar decline would trigger a bear market. Lee points to Friday’s upcoming...

A closely-watched gap in bitcoin’s (BTC) CME futures has been fully filled a day after a record jump in opening and closing prices, possibly setting the stage for the next climb.BTC soared to $92,000 on Monday, fueled by renewed institutional fervor after U.S. President Donald Trump announced plans for a strategic crypto reserve late Sunday, including the biggest token and ether (ETH), XRP, Solana’s SOL and Cardano’s ADA.However, the rally left a significant gap in the CME Bitcoin futures chart between Friday’s close at $84,500 and Monday’s open at $95,300. That has been fully by Asian afternoon hours on Tuesday with BTC retracing to $83,500.CME gaps — price disparities caused by the exchange’s weekend closure while spot markets trade around...