Coinbase CEO Brian Armstrong responded to concerns that miners shifting to AI threaten Bitcoin by explaining that Bitcoin's built-in difficulty adjustment keeps block production steady regardless of hash power changes. After a recent 7.9% drop in hashrate, the network difficulty fell 5%, making mining easier and stabilizing miner revenue. Armstrong argues that while mining power affects network operation, it does not determine Bitcoin's price, which is influenced by other factors. He also maintains a bullish outlook, having called $60,000 the bottom in June, though many investors remain skeptical. The upcoming difficulty adjustment will indicate if the miner exodus is stabilizing.
Bitcoin surged back above $65,000 following a rebound in Asian semiconductor stocks and renewed risk appetite in global markets. U.S. spot Bitcoin ETFs saw inflows for five consecutive sessions, signaling fresh institutional support after heavy selli...
Galaxy Digital CEO Mike Novogratz projects Bitcoin will trade between $60,000 and $80,000 through 2026 unless three key factors align: passage of the CLARITY Act, Federal Reserve interest rate cuts, and fresh capital inflows. The CLARITY Act, a digit...
Grayscale has submitted an S-1 registration to the SEC for a spot Worldcoin ETF, potentially the first of its kind in the US, to be listed on Nasdaq under ticker GWLD. This ETF would expand Grayscale's crypto offerings and is backed by custodians lik...
Bitcoin reached a two-week high near $65,500, gaining 1% daily and 5% weekly, supported by $600 million inflows into US spot Bitcoin ETFs over five days. Ethereum and other major cryptos also advanced, while Bitcoin derivatives trading surged. Optimi...
Bitcoin rose to about $65,500, its highest in two weeks, driven by a rebound in Asian semiconductor stocks and a broad risk rally. This recovery was supported by over $600 million in inflows into U.S. spot bitcoin ETFs over five days, marking strong ...
