Crypto News
Crypto for Advisors: Bitcoin Mining Will Be Different in 2025
In today’s issue, Ben Harper from Luxor Technology provides an update on what’s happening with bitcoin mining this year.Then, Colin Harper from Blockspace Media answers questions on the topic of mining and AI in Ask and Expert.– Sarah MortonYou’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.Bitcoin Mining Has Changed — It’s No Longer Just About the PriceThe bitcoin mining investment thesis used to be simple — miners thrived when bitcoin’s price soared, and when it fell, they suffered. But in 2024, that equation changed. Bitcoin ETFs, hashrate markets and AI have fundamentally reshaped the industry, reducing miners' dependence on bitcoin’s price. Here’s why mining is no...
Nobel Laureate Thinks Bitcoin Is Going to Zero
"It's only digital gold if it has a use. If it doesn’t have a use, it's just paper. Not paper, it's air, not even air," the economist said.Source link
Bitcoin Network Activity Plunges to One-Year Low, Cryptoquant Reports
Bitcoin’s network activity has dropped to its lowest level in a year, according to Cryptoquant and its researchers, marking a significant decline from previous highs. Bitcoin Transactions and Fees Plummet Cryptoquant‘s Bitcoin Network Activity Index, a key metric tracking transactions and user engagement, has fallen 15% since November 2024, now standing at 3,760—the lowest levelSource link
Meme Coin Platform Pump.fun Under Fire for Hosting Alleged Impersonation Tokens
Burwick Law and Wolf Popper LLP have issued a cease-and-desist letter to Pump.fun, demanding the immediate removal of certain tokens deployed on the Solana-based platform that allegedly misuse their intellectual property (IP) and likenesses of their employees. Law Firms Demand Pump.fun Remove Tokens Impersonating Their Brand The law firms cited one specific token as aSource link
Ondo Finance Unveils Layer-1 Network for Tokenized Assets
New York, NY — Ondo Finance, the second-largest tokenized Treasuries issuer, said it plans to start its own layer-1 blockchain designed for tokenized real-world assets in a bid to connect traditional capital markets with decentralized finance, the company announced on Thursday at its inaugural Ondo Summit.Ondo Chain was crafted to meet institutional compliance standards while maintaining the transparency and accessibility of public blockchains like Ethereum, the company said. The network will rely on permissioned validators to verify transactions and ensure accurate financial data, such as asset prices and token backing. It will also support staking of tokenized real-world assets and native bridging between blockchains for interoperability."Financial markets are overdue for an upgrade," CEO Nathan Allman said in a statement. "We’re...