Bitcoin mining profitability hits record lows, with rising hashrates and falling rewards creating a challenging landscape for miners. Bitcoin mining profitability has plummeted to unprecedented lows, according to a recent report by JPMorgan. The analysis highlights that in August, miners earned an average of $43,600 per exahash (EH/s) in daily block rewards, marking the lowest

Volmex Finance introduces a 14-day implied volatility index for Solana’s SOL token, providing traders with a new tool to gauge expected price turbulence. In a significant development for the crypto market, Volmex Finance, a leading crypto derivatives protocol, has unveiled the first-ever implied volatility index for Solana’s SOL token. This new index, known as the

Bitcoin ETFs experience their largest daily outflow in four months as weak U.S. manufacturing data and a broader market sell-off trigger concerns about economic growth. Bitcoin exchange-traded funds (ETFs) in the United States faced a significant setback on Tuesday, registering the largest single-day outflow in four months. A total of $287.8 million was withdrawn from

Bitcoin plunges to $55,500, erasing nearly all gains from the past month as global equities falter amidst economic concerns. Bitcoin (BTC) saw a sharp decline on Wednesday, dropping to its lowest level since early August. The cryptocurrency briefly touched $55,500 during Asian trading hours, marking a significant reversal that erased nearly all of the gains

Polygon will replace its MATIC token with the new POL token, implementing changes in tokenomics and supply emissions as part of its Polygon 2.0 roadmap. Polygon, the prominent layer-2 scaling solution for Ethereum, is set to undertake a significant upgrade this Wednesday that will transition its existing MATIC token to a new POL token. This

Penpie, a DeFi protocol built on Pendle’s yield platform, was exploited for $27 million, causing a dramatic 40% drop in its PNP token value. In a significant blow to the decentralized finance (DeFi) space, the Penpie protocol, which operates atop Pendle’s tokenized yield platform, was exploited for approximately $27 million worth of crypto assets on

Bitcoin could face a 20% drop if the Fed’s rate cuts spark recession fears, but a potential September dip might offer a prime buying opportunity ahead of a historically strong period for the cryptocurrency. Amidst the anticipation of a Federal Reserve interest rate cut in September, crypto investors are bracing for a possible bearish scenario

Bitcoin and Ether dropped sharply amid broader market declines and economic concerns, with Bitcoin falling below $58K as investors brace for further turbulence in September. The cryptocurrency market took a hit early on Tuesday as Bitcoin (BTC) and Ether (ETH) experienced sharp declines, mirroring the broader downturn in U.S. stock markets. This latest sell-off underscores

BitGo CEO Mike Belshe defends the company’s partnership with BiT Global, addressing criticisms about security and transparency while emphasizing the strategic importance of expanding into Asia. BitGo CEO Mike Belshe has firmly defended the company’s recent partnership with BiT Global, a crypto custodian partly owned by Tron’s Justin Sun, which has drawn criticism from various

Ripple is expanding the capabilities of the XRP Ledger by integrating Ethereum-compatible smart contracts through a new sidechain, enhancing its functionality to support more complex blockchain applications. Ripple is gearing up for a significant upgrade to the XRP Ledger (XRPL) with the introduction of Ethereum-compatible smart contracts. This major development will be facilitated through a