Bitcoin Miners Spent $5.1B on AI. The 15-to-1 Loss Is Half-Built.
Nine public bitcoin miners spent $5.11 billion on AI for $341 million in revenue. The 15-to-1 ratio counts capacity that is not earning yet.
Nine public bitcoin miners spent $5.11 billion on AI for $341 million in revenue. The 15-to-1 ratio counts capacity that is not earning yet.
Kalshi's August 18 CFTC filing prices a copper perpetual off a Pyth oracle instead of COMEX, and CME is suing over the approval path behind it.
PONS earns real fees on Robinhood Chain and burned over a fifth of its supply through buybacks. The token still lost more than half its value.
Bitcoin difficulty fell below its year-ago level for only the second time ever, and hashrate sits 17% off record as miners defect to AI.
Bitcoin jumped 8% to near $69,500 after the Treasury doubled its bond buybacks. The 30-year yield it targeted reversed within a day.
Nethermind quit LayerZero's verifier network for Chainlink on August 19, the latest in a run of migrations a $15B tally counts as announced, not settled.
Ripple Prime's 275 million dollar raise was debt at 8.25 percent, but the KBRA BBB rating is the news: it is the only crypto prime broker with one.
Ethena opened a $1 billion FalconX facility to route USDe backing into secured institutional loans, just as delta-neutral funding yields near 4.3 percent.
US Bitcoin ETF inflows neared $1 billion in August, but the Coinbase premium has stayed negative for a record 90 days. Two demand signals disagree.
Kaito's August 20 unlock releases 32.6 million tokens. Trackers price the same event from 9 million to 35 million dollars. Here is why the figures split.
Stablecoin supply fell for a third straight month to $308.3 billion, its longest decline since 2022. On-chain transfers and card top-ups kept climbing.
Strategy sold 333 million dollars of stock last week, bought no bitcoin for a seventh week, and lifted its dollar reserve to 4.8 billion.
Compound helped start DeFi Summer. Now its DAO has approved a $52 million budget to court institutions while COMP trades 98% below its 2021 high.
Norway's sovereign fund set a record 11,549 BTC in bitcoin exposure without buying a coin. 86% sits in Strategy stock. The UAE bought the ETF instead.
Grayscale began paying staking yield as cash on August 7. Days later, Solana and Ethereum proposed protocol changes that would shrink that same yield.
Unitree priced its Shanghai IPO near $9 billion. On Hyperliquid, a pre-listing perp values the robot maker at $38 billion, four times higher.