Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin’s hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low. This suggests that miners are still dealing with extremely thin profits. With just nine days left in the month, miners have already earned a hair over 62% of what they brought in during […]
Trump’s Election Odds Continue to Surge Post-Assassination Attempt: Polymarket Bets Hit 71%
Immediately following the assassination attempt on former President Donald Trump, prediction market odds on Polymarket saw Trump’s chances of winning the election rise to 68%. Days after the event, Trump’s odds have continued to rise with the chances of winning the 2024 general election up to 71%. Trump’s Polymarket Odds Reach 71% Days After Attempted […]
US Bitcoin ETFs Continue Inflow Streak, Funds Now Hold 4.47% of BTC’s Market Cap
The U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows on Thursday, marking five consecutive trading days of positive movement. The ETFs accumulated $ 78.93 million, with Blackrock’s IBIT leading by bringing in $ 72.09 million. U.S. Bitcoin ETFs Record Fifth Consecutive Day of Inflows Among the 11 spot bitcoin …
WienerAI Presale Hits $6.5M as AI Coins and Meme Coins Continue to Surge
A brand-new meme coin is making its way to the top of traders’ watchlist. WienerAI (WAI), a project that’s somehow managed to mash up the worlds of artificial intelligence and sausage dogs, has just hit the $ 6.5 million mark in presale. This success comes as both AI-related cryptos and meme coins continue to …
Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall
On Friday, Bitcoin’s hashprice was $ 56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $ 51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about 3.55 BTC for each block they mined, indicating that bitcoin miners are receiving less than half a BTC per block in …