Bitcoin24h $76,901.10-2.25%

Ethereum24h $2,408.86-4.40%

XRP24h $1.47-7.02%

BNB24h $690.30-4.09%

Solana24h $93.78-3.25%

TRON24h $0.3432-0.77%

Hyperliquid24h $77.70-5.27%

Dogecoin24h $0.0910-5.56%

Zcash24h $778.83-5.50%

UNUS SED LEO24h $9.47+1.23%

Bitdeer crashes 19% in a day after dilutive offering, bad earnings

Bitdeer Technologies shed a fifth of its market value on Monday, closing at a market capitalization of $2.11B, down 19% from Friday’s $2.65B.

Escaping Jack Dorsey’s BTC miners cost $41.9 million

Core Scientific gave Jack Dorsey’s Block $67.9M for BTC mining chips. It then booked a $41.9M loss for the right to stop buying them.

Bitcoin mining pool operators achieved a dramatic reduction in minimum fees yet inadvertently shot themselves in the foot.

The percent of BTC miner revenue from fees has hit its lowest rate since 2022 and is suffering from a 90% reduction in fee minimums.

Yesterday, the BTC mining network began adopting a new, much lower threshold for minimum transaction fees: 0.1 sat/vByte.