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The SEC is expected to issue an innovation exemption for the crypto industry. The UK "Digital Assets and Other Property Act" has come into effect. BlackRock's CEO revealed that sovereign wealth funds are buying bitcoin. Bank of America recommends clients allocate to crypto assets. Bitcoin selling pressure is nearing its end. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model continues to iterate.
In recent days, an article titled "I Wasted Eight Years in the Crypto Industry" has garnered over a million views and widespread resonance on Twitter, directly addressing the gambling nature and nihilistic tendencies of cryptocurrencies. ChainCatcher now translates this article for further discussion and exchange.
The article discusses the concept of modular blockchains and Ethereum's performance improvement through the Fusaka upgrade. It analyzes the challenges faced by DA layers such as Celestia and highlights Ethereum's advantages. The summary was generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated.
- 09:02Kalshi releases new SDK, covering API functions for trading, market data, and portfolio managementForesight News: Prediction market Kalshi has officially released a new SDK. Its features include comprehensive API functions covering trading, market data, and portfolio management, authentication using RSA-PSS signatures, as well as automatic request signing and timestamp processing.
- 07:56Data: 2,000 bitcoins from a Casascius physical coin dormant for 13 years have been transferred, worth approximately $180 millions.According to ChainCatcher, citing CoinDesk, two wallets associated with Casascius physical bitcoins recently transferred a total of 2,000 bitcoins, valued at approximately $180 million, after lying dormant for over a decade. These bitcoins had not been moved since 2011 and 2012, when the price of bitcoin was less than $15, compared to nearly $90,000 today. Casascius physical coins were created by Utah entrepreneur Mike Caldwell in 2011 as tangible collectibles containing embedded private keys, with denominations ranging from 1 to 1,000 BTC. Each coin came with a tamper-evident holographic seal to protect the private key underneath. Caldwell ceased production of pre-funded coins at the end of 2013 after the U.S. Financial Crimes Enforcement Network (FinCEN) identified him as an unregistered money transmitter. The specific purpose of the recent transfers remains unclear; it could be for sale, internal restructuring, or as a precaution to preserve access. It may also be related to the physical components degrading, similar to an incident earlier this year where a user claiming to own a 100 BTC Casascius bar reported difficulty importing the key into a modern wallet after peeling off the hologram.
- 07:56Data: The average cash cost to mine one bitcoin has reached $74,600According to ChainCatcher, citing the latest data from CryptoRank.io, the average cash cost to mine one bitcoin has reached $74,600. When including depreciation and stock-based compensation (SBC), the total cost soars to $137,800. As network hashrate surpasses the symbolic milestone of 1 ZH/s, industry competition is intensifying and mining profit margins are plummeting. This shift is prompting many public miners to reallocate computing power to artificial intelligence (AI) and high-performance computing (HPC) workloads, as these sectors offer significantly higher profit margins compared to traditional bitcoin mining. The industry is splitting into two distinctly different business models: Infrastructure providers—transforming mining data centers for high-profit computing tasks; and traditional miners—continuing operations in a more competitive, near-zero profit environment. Analysts point out that the high mining costs also reflect the scarcity of bitcoin, which may be one of the factors driving the current price increase.