Bitcoin's network hashrate fell sharply by 145 exahash per second since late May, dropping from 1,030 EH/s to 885 EH/s as prices slid to levels not seen since February. This decline, described by Elektron Energy's CEO as Bitcoin's first hashrate bear market, reflects mining rigs shutting down due to reduced profitability, with hashprice dropping nearly 27% in 30 days. The network's mining difficulty is expected to decrease by about 10.76% soon, as block times have lengthened beyond the 10-minute target. A bigger concern long-term is the stagnant transaction fee market, which currently contributes less than 1% of miner rewards, posing challenges as block subsidies continue to halve every four years.
Boehringer Ingelheim's Phase III trials of survodutide, a glucagon/GLP-1 dual agonist, showed significant metabolic health improvements in people with obesity. The SYNCHRONIZE-1 trial reported up to 16.6% weight loss, 34% reduction in visceral fat, a...
VolitionRx Limited announced a public offering of 2.96 million common shares and warrants for 1.48 million shares at $1.55 each, raising approximately $4.6 million before fees. Warrants exercisable immediately could bring an additional $2.3 million i...
Stellar (XLM) is attracting growing institutional interest due to its fast, low-cost cross-border payment network and expanding stablecoin and real-world asset tokenization activities. This infrastructure supports increasing on-chain economic activit...
US stock futures dropped on Sunday following a significant tech sector selloff on Friday that ended a two-month rally on Wall Street. The Dow Jones futures fell over 200 points, while S&P 500 and Nasdaq-100 futures also declined by 0.5%. These market...
A New York judge has temporarily halted a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets holding about 3.8 million BTC, worth roughly $235 billion. The plaintiffs argue that unclaimed Bitcoin should be treated as lost property, but legal...
