Crypto News
Bitcoin Mining Economics Weakened in February: JPMorgan
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%...
Bitcoin ETFs Face $74 Million Outflow as Ether Funds Mark Eighth Consecutive Day of Withdrawals
The week began with bitcoin ETFs experiencing a net outflow of $74 million, while ether ETFs marked their eighth consecutive day of withdrawals, totaling $12 million. Bitcoin and Ether ETFs Continue to See Capital Outflows The crypto exchange-traded funds (ETFs) market commenced the week with continued outflows, as bitcoin ETFs experienced net outflows totaling $74.19Source link
Infrared Raises $16M to Roll Out First Liquidity Staking Protocol on Berachain
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...
Dogecoin, Solana Down by Double Digits as Ethereum Price Hits 15-Month Low
Leading cryptos retreated amid uncertainty around the details of President Trump’s crypto reserve plans and upcoming tariffs.Source link
Trump’s Mention of XRP, ADA and SOL May Be Bait to Secure BTC, ETH Reserve
"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...