Foundry Digital, a leading Bitcoin mining pool operator, is allowing its clients to vote on Bitcoin Improvement Proposal 110 (BIP-110), which aims to temporarily restrict non-monetary data on the Bitcoin blockchain through a soft fork. Miners can vote using their hashrate, with Foundry signaling "No" until "Yes" votes exceed 51%. The proposal seeks to limit arbitrary data in transactions to keep Bitcoin focused on peer-to-peer money, but it faces opposition from notable industry figures who argue it could invalidate fee-paying transactions. The voting period runs through early August, with Foundry controlling about a third of the network's hashrate, making its position influential in the outcome.
The launch of Kimi K3 by Chinese AI startup Moonshot AI triggered a selloff in semiconductor stocks and risk assets, causing Bitcoin to fall below $64,000. The new AI model raised concerns about US chipmaker valuations, impacting tech stocks and spre...
Bitcoin's mining difficulty has fallen 18.5% from its peak, marking the biggest drop since the 2021 China crackdown on mining. This decline reflects miners shutting down operations due to Bitcoin's price dropping over 50% from its October 2025 high, ...
The anticipated altseason, where altcoins outperform Bitcoin, has not occurred for over 260 days, marking a record delay. Bitcoin dominance remains above 55%, indicating capital is still concentrated in Bitcoin rather than rotating into altcoins. Ins...
South Korea's Kospi index, boosted by the AI boom, has dropped nearly 25% in four weeks, with its implied volatility doubling Bitcoin's. This surge in volatility reflects heavy losses among Korean retail traders using leverage, signaling increased ri...
Cryptocurrency markets show a general decline with Bitcoin falling 1.73% to $63,044 and Ethereum dropping 2.63% to $1,833.83. Other major coins like Binance Coin and XRP also saw decreases, reflecting a cautious market sentiment. Stablecoins remain s...
