Month: March 2025

Bitcoin Miners Feel Squeeze as Hashprice Erases Post-Election Gains

Bitcoin miners are facing renewed financial pressure as declining transaction fees and a hashprice drop push operational costs higher, according to TheMinerMag’s February 2025 report​. Bitcoin’s hashrate climbed 3.8% in February to 810 EH/s, showing a slowdown in mining competition growth. However, the hashprice (the revenue that miners earn...
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Prominent Bitcoin Trader Closes Longs, Anticipates Pullback To $83,500

Bitcoin (CRYPTO: BTC) traders are taking profit on the rally to $87,000, expecting a pullback before more possible upside. What Happened: Pseudonymous crypto trader Astronomer has closed a significant Bitcoin long position at $87,000, booking substantial profits after riding the position “all the way from rock bottom.” In an...
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Tether Ranks Among Top Buyers of U.S. Treasuries in 2024, Firm Says

Tether, the crypto company behind the largest stablecoin USDT, said it would rank as the seventh largest net buyer of U.S. Treasury securities in 2024 among countries. The firm purchased a net $33.1 billion worth of U.S. Treasury securities last year, according to a compilation posted on Thursday by...
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Biden Admin May Have Sold US Bitcoin Reserves, Says Sen. Lummis

At the Digital Asset Summit on March 19, Senator Cynthia Lummis (R-WY) claimed that the previous Biden administration may have sold a significant portion of the United States’ confiscated Bitcoin holdings. During a panel discussion, Senator Lummis outlined her concerns, explaining that while the United States government may have...
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How Ether.fi Retained TVL as Restaking Lost Its Luster

A year ago, restaking was one of the hottest areas of crypto, and projects like EigenLayer were heralded as the next big thing. Fast forward to mid-2025 and total value locked (TVL) has fallen across the sector and the hype that surrounded point farms has withered away. Through it...
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Canary files for PENGU ETF

Asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding Pengu (PENGU), the governance token of the Pudgy Penguins non-fungible token (NFT) project, US regulatory filings show.  The ETF is the latest in a slew of filings for new US investment products tied to spot cryptocurrencies,...
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