15-20% of the Global Fleet Running in the Red
Hash price collapse driven by BTC correction and record network difficulty leaves a significant fraction of miners in the red. The current hash price environment is squeezing Bitcoin miners’ profitability. CoinShares estimates that 15-20% of the global mining fleet…
Bitfinex Bitcoin longs hit 79K BTC as Adam Back sees shift
Bitcoin margin long positions on Bitfinex have climbed to levels not seen since November 2023, drawing fresh market attention during a period of weak price action. Summary Bitfinex margin long positions climbed to 79,193 BTC, the platform’s highest level since…
Karen Hao: Profit motives drive AI development, current technologies harm society, and labor exploitation is rampant in the industry
Key takeaways AI development is driven by profit motives, potentially leading to superior civilizations. Current AI technologies are causing significant harm to people and society. AI companies exploit labor, creating cycles of layoffs and retraining. The benefits of AI are…
Crypto market recap: What happened today?
Crypto markets closed the weekend with activity spread across derivatives, token sales, regulation and ETF flows. Summary Hyperliquid’s HIP-3 market hit $5.4 billion in commodity and macro futures volume on March 23. World Assets sold 239 million WLD for $65…
France’s largest bank to debut Bitcoin, Ether ETNs for French retail clients tomorrow
France’s largest lender BNP Paribas is bringing six new crypto exchange-traded notes (ETNs) tied to Bitcoin and Ethereum to its exchange platform in France, starting tomorrow March 30, according to a recent announcement. Exchange-traded notes (ETNs) are tradeable debt products…
Ripple (XRP) ETFs Turn Into a Ghost Town, Bitcoin (BTC) Funds Begin Macro Recovery
Separately, the spot Ethereum ETFs are on an eight-day outflow-only streak. The spot crypto ETFs continue to be a vital part of the overall industry growth, but the most recent numbers show a rather contrasting picture. On one hand,…
World assets sells $65M WLD as token hits fresh pressure
World Foundation disclosed that its token issuance unit, World Assets, completed $65 million in over-the-counter sales of WLD tokens. Summary World Assets sold 239 million WLD tokens for $65 million at about $0.2719 per token. WLD traded near $0.27 after…
Christian Catalini: AI will transform job markets, coding professions face uneven automation, and human expertise remains critical in decision-making
Key takeaways AI’s potential to automate jobs is a major source of public anxiety. The rapid transition to new technology will transform job markets. New technologies often bring underestimated potential despite challenges. AI will significantly impact coding professions, affecting entry-level…
Bitcoin holds $66K as Iran ground operation talk builds
A new report about possible US ground action in Iran has added fresh tension to global markets. Summary Washington Post said planners reviewed Iran ground raid options while Bitcoin held near $66,500 Sunday. Bitcoin stayed flat through Sunday trading as…
Mortgage giant Fannie Mae to accept Bitcoin and crypto as collateral for home loans
Digital assets are making their way into the US housing market as mortgage giant Fannie Mae prepares to accept Bitcoin and other crypto holdings as part of down payments, The Wall Street Journal reported Thursday. The move allows crypto holders…
