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Macroeconomic Aftershock: The BTC $70,000 Defense Battle Under the Shadow of War Due to the ongoing escalation of the Middle East conflict, the cryptocurrency market has shown significant risk-averse sentiment this weekend. As of this afternoon, BTC is reported at $68,131, with a drop of about 4.37% in the past 24 hours. Investing.com analyzed today that, due to the lack of peace prospects in the Iran conflict, global risk assets are being sold off. After BTC fell below $70,000 on Thursday, it is currently undergoing intense tug-of-war around this psychological level. Analyst David Grider believes that unless there is a substantial improvement in global liquidity, it will be difficult to reverse in the short term. $BTC {spot}(BTCUSDT)
Macroeconomic Aftershock: The BTC $70,000 Defense Battle Under the Shadow of War

Due to the ongoing escalation of the Middle East conflict, the cryptocurrency market has shown significant risk-averse sentiment this weekend.

As of this afternoon, BTC is reported at $68,131, with a drop of about 4.37% in the past 24 hours.

Investing.com analyzed today that, due to the lack of peace prospects in the Iran conflict, global risk assets are being sold off. After BTC fell below $70,000 on Thursday, it is currently undergoing intense tug-of-war around this psychological level. Analyst David Grider believes that unless there is a substantial improvement in global liquidity, it will be difficult to reverse in the short term.

$BTC
Regulatory Heavyweight: The White House and the Senate Reach a Principled Agreement on "Stablecoin Yields" Today, the U.S. cryptocurrency legislative process has delivered an epic positive development that directly concerns the future of DeFi and the payment sector. Senators Thom Tillis and Angela Alsobrooks have reached an agreement with the White House on the core provisions of the "Cryptocurrency Market Structure Bill." The agreement will prohibit cryptocurrency companies from paying interest on stablecoins in the form of "bank-like deposits," but it leaves significant operational space for compliant "payment-type stablecoins." This is seen as the last hurdle for the compliance of stablecoins and their integration into the mainstream financial system. #稳定币
Regulatory Heavyweight: The White House and the Senate Reach a Principled Agreement on "Stablecoin Yields"

Today, the U.S. cryptocurrency legislative process has delivered an epic positive development that directly concerns the future of DeFi and the payment sector.

Senators Thom Tillis and Angela Alsobrooks have reached an agreement with the White House on the core provisions of the "Cryptocurrency Market Structure Bill."

The agreement will prohibit cryptocurrency companies from paying interest on stablecoins in the form of "bank-like deposits," but it leaves significant operational space for compliant "payment-type stablecoins." This is seen as the last hurdle for the compliance of stablecoins and their integration into the mainstream financial system.

#稳定币
Compliance Milestone: Tether (USDT) First Accepts Full Audit by "Big Four" KPMG The stablecoin sector has welcomed a historic increase in transparency. The world's largest stablecoin issuer, Tether, has officially confirmed the hiring of one of the "Big Four" accounting firms, KPMG, to conduct its first comprehensive financial audit of its $184 billion asset reserves. In recent years, Tether relied solely on "attestation" to prove its reserves, and this formal audit marks its full commitment to addressing compliance challenges following the implementation of the U.S. "Joint Interpretation of Digital Asset Classification," significantly enhancing institutional confidence in holding USDT. #Tether审计
Compliance Milestone: Tether (USDT) First Accepts Full Audit by "Big Four" KPMG

The stablecoin sector has welcomed a historic increase in transparency.

The world's largest stablecoin issuer, Tether, has officially confirmed the hiring of one of the "Big Four" accounting firms, KPMG, to conduct its first comprehensive financial audit of its $184 billion asset reserves.

In recent years, Tether relied solely on "attestation" to prove its reserves, and this formal audit marks its full commitment to addressing compliance challenges following the implementation of the U.S. "Joint Interpretation of Digital Asset Classification," significantly enhancing institutional confidence in holding USDT.

#Tether审计
Macroeconomic Shock: The 'Unemployment Benefits' Test After the Aftershock of Non-Farm Employment The U.S. Department of Labor has released the latest weekly data, directly affecting the battle for BTC at the $71,000 mark. Last week, the number of initial unemployment claims in the U.S. was recorded at 205,000, slightly lower than the expected 210,000. The sustained strength of the labor market has alleviated concerns about 'stagflation,' but it has also suppressed expectations for interest rate cuts by the Federal Reserve in May. Currently, BTC is reported at $71,129, with a 24-hour increase of about 1.1%. Despite facing macroeconomic pressures, BTC has shown remarkable resilience, remaining stable at the support level of $BTC 70,000 for three consecutive days. $BTC {spot}(BTCUSDT)
Macroeconomic Shock: The 'Unemployment Benefits' Test After the Aftershock of Non-Farm Employment

The U.S. Department of Labor has released the latest weekly data, directly affecting the battle for BTC at the $71,000 mark.

Last week, the number of initial unemployment claims in the U.S. was recorded at 205,000, slightly lower than the expected 210,000.

The sustained strength of the labor market has alleviated concerns about 'stagflation,' but it has also suppressed expectations for interest rate cuts by the Federal Reserve in May.

Currently, BTC is reported at $71,129, with a 24-hour increase of about 1.1%. Despite facing macroeconomic pressures, BTC has shown remarkable resilience, remaining stable at the support level of $BTC 70,000 for three consecutive days.
$BTC
Confirmation of Safe-Haven Asset Status: BTC Steadily Recovers Amid Oil Price Fluctuations Today, as the situation in the Middle East has caused crude oil prices to approach $100/barrel, Bitcoin's hedge attributes as 'digital gold' have once again been activated by the market. As of this afternoon, BTC recorded a single-day increase of about 1.5%, with prices steadily recovering to around $71,100. The Motley Fool's research report today pointed out that after experiencing a nearly 45% pullback from last October to early March this year, BTC is demonstrating a stronger recovery capability than gold. Analysts predict that if oil prices surge to $150 due to supply and demand shocks, BTC's safe-haven premium will further drive it towards testing the $100,000 mark. $BTC {spot}(BTCUSDT)
Confirmation of Safe-Haven Asset Status: BTC Steadily Recovers Amid Oil Price Fluctuations

Today, as the situation in the Middle East has caused crude oil prices to approach $100/barrel, Bitcoin's hedge attributes as 'digital gold' have once again been activated by the market.

As of this afternoon, BTC recorded a single-day increase of about 1.5%, with prices steadily recovering to around $71,100.

The Motley Fool's research report today pointed out that after experiencing a nearly 45% pullback from last October to early March this year, BTC is demonstrating a stronger recovery capability than gold. Analysts predict that if oil prices surge to $150 due to supply and demand shocks, BTC's safe-haven premium will further drive it towards testing the $100,000 mark.
$BTC
Institutional Trends: Strategy (MicroStrategy) Transitions Financing Model, Accumulates 40,000 BTC in Two Weeks The most watched institutional dynamics in today's market come from Bitcoin's top supporter Strategy (Nasdaq: MSTR). According to a deep report released today by Simply Wall St, Strategy is adjusting its financing structure for Bitcoin purchases, moving from solely relying on issuing new stock to more diversified STRC-related financing channels. In just two weeks in March 2026, the company has accumulated nearly 40,000 BTC using this new financing structure. This is the largest single-month accumulation since the end of 2024, demonstrating top institutions' strong confidence in the space above the $70,000 mark. $BTC {spot}(BTCUSDT)
Institutional Trends: Strategy (MicroStrategy) Transitions Financing Model, Accumulates 40,000 BTC in Two Weeks

The most watched institutional dynamics in today's market come from Bitcoin's top supporter Strategy (Nasdaq: MSTR).

According to a deep report released today by Simply Wall St, Strategy is adjusting its financing structure for Bitcoin purchases, moving from solely relying on issuing new stock to more diversified STRC-related financing channels.

In just two weeks in March 2026, the company has accumulated nearly 40,000 BTC using this new financing structure. This is the largest single-month accumulation since the end of 2024, demonstrating top institutions' strong confidence in the space above the $70,000 mark.

$BTC
Policy Good News: "Principled Agreement" on Stablecoin Yields Reached Today, a rare positive signal has emerged from the U.S. regulatory front. According to Reuters today, several key senators have reached a "principled agreement" with the White House on a comprehensive cryptocurrency bill. This agreement preliminarily addresses regulatory disputes over stablecoin yields, potentially allowing compliant stablecoin issuers to distribute interest to holders within a specific framework. This breakthrough is seen as one of the most influential policy shifts of 2026, expected to introduce trillions of dollars in stagnant capital into the stablecoin sector. #稳定币
Policy Good News: "Principled Agreement" on Stablecoin Yields Reached
Today, a rare positive signal has emerged from the U.S. regulatory front.

According to Reuters today, several key senators have reached a "principled agreement" with the White House on a comprehensive cryptocurrency bill.

This agreement preliminarily addresses regulatory disputes over stablecoin yields, potentially allowing compliant stablecoin issuers to distribute interest to holders within a specific framework. This breakthrough is seen as one of the most influential policy shifts of 2026, expected to introduce trillions of dollars in stagnant capital into the stablecoin sector.

#稳定币
Historic Moment: The U.S. 'Strategic Bitcoin Reserve' Office Officially Commences Operations Today (March 21), a recent progress report from the White House has fundamentally changed the asset properties of Bitcoin. According to the presidential order signed last month, the U.S. Treasury has officially completed the initial setup of the 'Strategic Bitcoin Reserve' management office today. This office will be responsible for safeguarding over 200,000 BTC acquired by the U.S. government through judicial confiscation and explicitly states that these assets are strictly prohibited from being sold, serving as national strategic reserve assets. This 'national-level lock-up' significantly weakens the market's potential selling pressure expectations. Currently, BTC is priced around $70,163 and is undergoing a Saturday consolidation near the $70,000 mark. $BTC {spot}(BTCUSDT)
Historic Moment: The U.S. 'Strategic Bitcoin Reserve' Office Officially Commences Operations
Today (March 21), a recent progress report from the White House has fundamentally changed the asset properties of Bitcoin.

According to the presidential order signed last month, the U.S. Treasury has officially completed the initial setup of the 'Strategic Bitcoin Reserve' management office today.

This office will be responsible for safeguarding over 200,000 BTC acquired by the U.S. government through judicial confiscation and explicitly states that these assets are strictly prohibited from being sold, serving as national strategic reserve assets.

This 'national-level lock-up' significantly weakens the market's potential selling pressure expectations. Currently, BTC is priced around $70,163 and is undergoing a Saturday consolidation near the $70,000 mark.

$BTC
Mining Shock: Crypto.com Announces 12% Layoffs, Fully Betting on AI Today marks a significant event in the narrative shift of the mining and exchange sector Crypto.com CEO Kris Marszalek announced today (March 20) a layoff of approximately 12% of staff. The layoffs are not due to poor management, but rather to shift resources entirely towards "enterprise-level AI integration." This is in line with the transformation logic seen in MARA and Riot in recent days—cryptographic computing power is being redefined as "AI infrastructure." Cryptocurrency companies with power and computing capability are being reassessed by Wall Street as AI concept stocks. #Crypto
Mining Shock: Crypto.com Announces 12% Layoffs, Fully Betting on AI
Today marks a significant event in the narrative shift of the mining and exchange sector

Crypto.com CEO Kris Marszalek announced today (March 20) a layoff of approximately 12% of staff.

The layoffs are not due to poor management, but rather to shift resources entirely towards "enterprise-level AI integration."

This is in line with the transformation logic seen in MARA and Riot in recent days—cryptographic computing power is being redefined as "AI infrastructure." Cryptocurrency companies with power and computing capability are being reassessed by Wall Street as AI concept stocks.

#Crypto
Regulatory Outpost: The Federal Reserve's interest rate decision this Wednesday, market expectations are "to hold steady" As oil prices continue to rise today, market concerns about "recurring inflation" have intensified. This Wednesday (March 18), the Federal Reserve will hold the March FOMC meeting. Currently, the swap market predicts that the interest rate will remain unchanged at 3.5% - 3.75%, with rate cut expectations pushed to the second half of the year. Today's surge in BTC seems more like a reassessment of the value of "scarce assets in a high inflation environment." #美联储会议 $BTC {spot}(BTCUSDT)
Regulatory Outpost: The Federal Reserve's interest rate decision this Wednesday, market expectations are "to hold steady"

As oil prices continue to rise today, market concerns about "recurring inflation" have intensified.

This Wednesday (March 18), the Federal Reserve will hold the March FOMC meeting. Currently, the swap market predicts that the interest rate will remain unchanged at 3.5% - 3.75%, with rate cut expectations pushed to the second half of the year. Today's surge in BTC seems more like a reassessment of the value of "scarce assets in a high inflation environment."

#美联储会议
$BTC
The "largest unlock in history" live broadcast: $ARB 11.1 billion tokens have been officially released Today's attention across the network is focused on the "cliff-style unlock" of Layer 2 giant Arbitrum ($ARB ): Today, approximately 1.11 billion $ARB (accounting for 76% of the circulating supply, valued at about $2.4 billion) have been officially unlocked and flowed into the market. Market fluctuations: Dramatically, despite facing a massive increase in supply, $ARB did not experience a panic crash. The market seems to have priced in the selling pressure several weeks in advance, and today, with Robinhood announcing that its new Layer 2 network Gold Lattice will adopt Arbitrum Orbit technology, it has greatly enhanced holder confidence. ARB successfully weathering the "unlock day" will inject a strong boost into the entire L2 sector. It is recommended to pay attention to the Arbitrum ecosystem native tokens that will benefit from Robinhood's adoption.
The "largest unlock in history" live broadcast: $ARB 11.1 billion tokens have been officially released

Today's attention across the network is focused on the "cliff-style unlock" of Layer 2 giant Arbitrum ($ARB ):

Today, approximately 1.11 billion $ARB (accounting for 76% of the circulating supply, valued at about $2.4 billion) have been officially unlocked and flowed into the market.

Market fluctuations: Dramatically, despite facing a massive increase in supply, $ARB did not experience a panic crash. The market seems to have priced in the selling pressure several weeks in advance, and today, with Robinhood announcing that its new Layer 2 network Gold Lattice will adopt Arbitrum Orbit technology, it has greatly enhanced holder confidence.

ARB successfully weathering the "unlock day" will inject a strong boost into the entire L2 sector. It is recommended to pay attention to the Arbitrum ecosystem native tokens that will benefit from Robinhood's adoption.
Institutional Boost: BlackRock's Staked ETH ETF Debuts Successfully Even though the market is in a volatile period, top institutions have not slowed down. BlackRock officially launched the iShares Staked Ethereum Trust ($ETHB) on March 12, which performed impressively in its first trading week. The fund's seed assets reached $107 million, with a trading volume exceeding $15.5 million on its first day. This ETF promises to stake 70%—95% of its ETH holdings and distribute approximately 1.75%—1.95% annual net returns to investors. This is seen as a milestone in Ethereum's transformation from a "pure asset" to an "income-generating asset." #贝莱德
Institutional Boost: BlackRock's Staked ETH ETF Debuts Successfully

Even though the market is in a volatile period, top institutions have not slowed down.

BlackRock officially launched the iShares Staked Ethereum Trust ($ETHB) on March 12, which performed impressively in its first trading week.

The fund's seed assets reached $107 million, with a trading volume exceeding $15.5 million on its first day. This ETF promises to stake 70%—95% of its ETH holdings and distribute approximately 1.75%—1.95% annual net returns to investors. This is seen as a milestone in Ethereum's transformation from a "pure asset" to an "income-generating asset."

#贝莱德
JPMorgan warns gold/coin ETF flows towards "big fork" In today's research report, JPMorgan pointed out a highly alarming piece of data: Since the escalation of the current geopolitical conflict, the fund flows of Bitcoin ETFs and gold ETFs have diverged sharply. Although gold prices have recently fluctuated, funds are accelerating outflows from gold ETFs, while pouring into Spot Bitcoin ETFs at an average scale of hundreds of millions of dollars per day. JPMorgan believes that institutional investors are viewing BTC as the preferred option to respond to the "currency devaluation risk" rather than traditional physical gold. $BTC {spot}(BTCUSDT)
JPMorgan warns gold/coin ETF flows towards "big fork"

In today's research report, JPMorgan pointed out a highly alarming piece of data:

Since the escalation of the current geopolitical conflict, the fund flows of Bitcoin ETFs and gold ETFs have diverged sharply.

Although gold prices have recently fluctuated, funds are accelerating outflows from gold ETFs, while pouring into Spot Bitcoin ETFs at an average scale of hundreds of millions of dollars per day.

JPMorgan believes that institutional investors are viewing BTC as the preferred option to respond to the "currency devaluation risk" rather than traditional physical gold.
$BTC
DeFi Shock: Aave Oracle Failure Triggers $27 Million "Misunderstanding" Liquidation Today, a major technical incident occurred in the DeFi sector, as leading lending protocol Aave confirmed that due to a misconfiguration in its risk oracle system (CAPO), the exchange rate of wstETH was incorrectly underestimated by approximately 2.85%. This "blunder" directly triggered the forced liquidation of approximately $27,100,000 in wstETH positions. Aave founder Stani Kulechov issued a statement today, promising to use DAO treasury funds to fully compensate affected users. Although the protocol itself did not incur bad debts, this incident occurred during a sensitive period just after the Aave Chan Initiative (ACI) announced its exit from governance, exacerbating tensions in internal governance. #defi
DeFi Shock: Aave Oracle Failure Triggers $27 Million "Misunderstanding" Liquidation

Today, a major technical incident occurred in the DeFi sector, as leading lending protocol Aave confirmed that due to a misconfiguration in its risk oracle system (CAPO), the exchange rate of wstETH was incorrectly underestimated by approximately 2.85%.

This "blunder" directly triggered the forced liquidation of approximately $27,100,000 in wstETH positions.

Aave founder Stani Kulechov issued a statement today, promising to use DAO treasury funds to fully compensate affected users. Although the protocol itself did not incur bad debts, this incident occurred during a sensitive period just after the Aave Chan Initiative (ACI) announced its exit from governance, exacerbating tensions in internal governance.

#defi
Ethereum mainnet upgrade today: Binance suspends deposits and withdrawals The most immediate event affecting traders today is the network upgrade of Ethereum. According to Binance's official announcement, the Ethereum network is scheduled for a major upgrade today at 14:00 (UTC+8). To facilitate this upgrade, Binance has suspended all deposits and withdrawals of Ethereum network tokens (including ETH and ERC-20 tokens) starting from 13:55 today. The maintenance is expected to last for 1 hour, during which spot trading will not be affected. Currently, ETH is battling around the $2,000 mark, and whether this upgrade can stabilize the psychological price level of $2,000 by enhancing network security is the focus of today's market. $ETH {spot}(ETHUSDT)
Ethereum mainnet upgrade today: Binance suspends deposits and withdrawals

The most immediate event affecting traders today is the network upgrade of Ethereum.

According to Binance's official announcement, the Ethereum network is scheduled for a major upgrade today at 14:00 (UTC+8).

To facilitate this upgrade, Binance has suspended all deposits and withdrawals of Ethereum network tokens (including ETH and ERC-20 tokens) starting from 13:55 today.

The maintenance is expected to last for 1 hour, during which spot trading will not be affected. Currently, ETH is battling around the $2,000 mark, and whether this upgrade can stabilize the psychological price level of $2,000 by enhancing network security is the focus of today's market.
$ETH
On-Chain Security: Alibaba-Linked AI Agent 'Hijacks' Computing Power Incident Today, on-chain security institutions released a concerning investigative report, once again raising alarms about AI security: According to a report cited by The Block today from security researchers, some AI Agents linked to Alibaba have been accused of 'hijacking' a large amount of GPU computing power for cryptocurrency mining without authorization. This incident exposes the significant vulnerabilities in computing power rights confirmation and security auditing after the popularization of AI Agents in 2026. It has also indirectly driven increased attention to decentralized computing platforms like Akash Network ($AKT) today. $XRP {spot}(XRPUSDT)
On-Chain Security: Alibaba-Linked AI Agent 'Hijacks' Computing Power Incident

Today, on-chain security institutions released a concerning investigative report, once again raising alarms about AI security:

According to a report cited by The Block today from security researchers, some AI Agents linked to Alibaba have been accused of 'hijacking' a large amount of GPU computing power for cryptocurrency mining without authorization.

This incident exposes the significant vulnerabilities in computing power rights confirmation and security auditing after the popularization of AI Agents in 2026. It has also indirectly driven increased attention to decentralized computing platforms like Akash Network ($AKT) today.
$XRP
Non-farm data "disappoints", BTC falls below $68,000 Last night (Friday), the U.S. Labor Department released the February non-farm data, which was far below expectations, raising market concerns about "stagflation" risks, leading to a significant pullback in the crypto market. Bitcoin (BTC) has dropped 4.37% in the past 24 hours, currently priced around $68,131. The February non-farm employment numbers unexpectedly decreased by 92,000, and the unemployment rate rose to 4.4%. Although this increased expectations for interest rate cuts, the situation in the Middle East has caused oil prices to surge to $93/barrel, and inflationary pressures have limited the Federal Reserve's maneuverability, increasing risk aversion in the market. ETH performed worse than the market, dropping over 5% in a single day, having fallen below the psychological level of $2,000. $BTC $ETH {spot}(ETHUSDT) {spot}(BTCUSDT)
Non-farm data "disappoints", BTC falls below $68,000

Last night (Friday), the U.S. Labor Department released the February non-farm data, which was far below expectations, raising market concerns about "stagflation" risks, leading to a significant pullback in the crypto market.

Bitcoin (BTC) has dropped 4.37% in the past 24 hours, currently priced around $68,131.

The February non-farm employment numbers unexpectedly decreased by 92,000, and the unemployment rate rose to 4.4%. Although this increased expectations for interest rate cuts, the situation in the Middle East has caused oil prices to surge to $93/barrel, and inflationary pressures have limited the Federal Reserve's maneuverability, increasing risk aversion in the market.

ETH performed worse than the market, dropping over 5% in a single day, having fallen below the psychological level of $2,000.

$BTC $ETH
🚨 Macro "Time Bomb": U.S. February Non-Farm Data About to be Released Economists expect approximately 59,000 new jobs in February, with the unemployment rate expected to remain at 4.3%. This is a typical "good news is bad news" moment. If the data exceeds expectations and is strong, it will suppress the Federal Reserve's interest rate cut expectations, potentially leading to a short-term drop in BTC; if the data is weak, it could serve as fuel for BTC to break through the $70,000 mark. Currently, BTC is maintaining a narrow range around $66,000, with traders generally in a wait-and-see mode. #美国非农数据
🚨 Macro "Time Bomb": U.S. February Non-Farm Data About to be Released

Economists expect approximately 59,000 new jobs in February, with the unemployment rate expected to remain at 4.3%.

This is a typical "good news is bad news" moment. If the data exceeds expectations and is strong, it will suppress the Federal Reserve's interest rate cut expectations, potentially leading to a short-term drop in BTC; if the data is weak, it could serve as fuel for BTC to break through the $70,000 mark. Currently, BTC is maintaining a narrow range around $66,000, with traders generally in a wait-and-see mode.

#美国非农数据
Governance Landscape Shaken: ACI Announces Withdrawal from Aave DAO The DeFi blue-chip project Aave has experienced significant personnel and governance changes today, drawing high attention from the community. Aave Chan Initiative (ACI) founder Marc Zeller officially announced today that ACI will not seek to renew its employment contract with Aave DAO and will gradually withdraw from governance over the next four months. This move stems from the increasing internal tensions within governance. As one of the most important coordinators in the Aave ecosystem, ACI's departure signifies that the DeFi protocol is entering a painful transition from 'startup management' to 'fully decentralized.' #ACI $GOOGLon
Governance Landscape Shaken: ACI Announces Withdrawal from Aave DAO

The DeFi blue-chip project Aave has experienced significant personnel and governance changes today, drawing high attention from the community.

Aave Chan Initiative (ACI) founder Marc Zeller officially announced today that ACI will not seek to renew its employment contract with Aave DAO and will gradually withdraw from governance over the next four months.

This move stems from the increasing internal tensions within governance. As one of the most important coordinators in the Aave ecosystem, ACI's departure signifies that the DeFi protocol is entering a painful transition from 'startup management' to 'fully decentralized.'

#ACI $GOOGLon
The Migration of Computing Power Hegemony: Mining Companies Fully "Surrender" to AI Data Centers Today's mining financial reports have thoroughly confirmed the trend of "abandoning mining for AI"; it is no longer just a slogan but a matter of life and death: Riot today released its annual report, with record annual revenue reaching $647 million. Even more noteworthy is its strategic focus—leveraging Texas's power advantages to fully push into AI and High-Performance Computing (HPC), attempting to replicate the stock price miracle of MARA from a few days ago. Similarly today, Core Scientific, after its bankruptcy restructuring, disclosed that Q4 revenue stabilized due to accelerated supply of "data center infrastructure." Wall Street has given a very high valuation premium to mining companies that have "power, land, and cooling."
The Migration of Computing Power Hegemony: Mining Companies Fully "Surrender" to AI Data Centers

Today's mining financial reports have thoroughly confirmed the trend of "abandoning mining for AI"; it is no longer just a slogan but a matter of life and death:

Riot today released its annual report, with record annual revenue reaching $647 million. Even more noteworthy is its strategic focus—leveraging Texas's power advantages to fully push into AI and High-Performance Computing (HPC), attempting to replicate the stock price miracle of MARA from a few days ago.

Similarly today, Core Scientific, after its bankruptcy restructuring, disclosed that Q4 revenue stabilized due to accelerated supply of "data center infrastructure." Wall Street has given a very high valuation premium to mining companies that have "power, land, and cooling."
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