Michael Saylor published a detailed critique rejecting Bitcoin's BIP 110 softfork proposal, which aims to restrict certain non-payment transactions temporarily. He warns the proposal's low 55% miner approval threshold could increase the risk of a blockchain split and reduce miner fee revenue as block subsidies halve. Saylor argues the softfork threatens Bitcoin's neutrality by policing disputed transaction types and could set a risky precedent for future consensus changes. The debate remains active, with mixed reactions from the Bitcoin community regarding the proposal's impact on node costs and network security.
Meta, led by Mark Zuckerberg, plans to begin production of its in-house Iris AI chip in September. This move is part of Meta's strategy to double its computing capacity to 14 gigawatts, enhancing its AI and data processing capabilities. The new chip ...
Bitcoin ETFs, launched in January 2024, have rapidly attracted over $38 billion in net inflows, nearing $120 billion in assets under management (AUM). Bloomberg Intelligence analyst Eric Balchunas compares their growth trajectory to gold ETFs, which ...
Bitmine Immersion Technologies, a former Bitcoin miner now focused on Ethereum, is close to owning 5% of all circulating Ethereum with about 5.5 million ETH, just 507,000 ETH short of its 6.035 million ETH target. The company shifted strategy from mi...
Stacks protocol has reached 1.6 million total wallets, marking significant user adoption beyond niche use. Recent developments include the launch of stBTC, a liquid staking token allowing Bitcoin holders to earn yield while using tokens in DeFi. The ...
The Invesco S&P 500 Equal Weight ETF (RSP) has gained about 12% year-to-date, outperforming the cap-weighted SPDR S&P 500 ETF's 10% rise. This performance reverses recent mega-cap dominance, with RSP's portfolio heavily tilted towards semiconductor s...
