Bitcoin hashrate drops as miners shift to AI
Bitcoin’s hashrate has declined around 4% year-to-date, marking its first first-quarter drop in six years as mining economics weaken.
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Bitcoin’s hashrate has declined around 4% year-to-date, marking its first first-quarter drop in six years as mining economics weaken.
Digital asset infrastructure firm BitGo has expanded its Canton Coin services to include trading and onchain settlement, adding to its existing custody offering.
Global payments firm Nium has launched a platform enabling businesses to issue stablecoin-funded cards across Visa and Mastercard networks, allowing digital dollar balances to be spent at merchants.
US Senators Bill Cassidy and Cynthia Lummis introduced legislation to support domestic Bitcoin mining and reduce reliance on foreign-linked infrastructure.
The US Department of Labor has proposed a rule that could allow cryptocurrencies and other alternative assets into 401(k) retirement plans, potentially opening trillions of dollars in capital to digital assets.
Veteran trader Peter Brandt said Bitcoin is unlikely to reach a new all-time high in 2026, suggesting the next peak may not arrive until the second quarter of 2027.
Dozens of Democrats urged US regulators to warn federal employees against insider trading on prediction markets following reports of suspicious bets tied to government actions.
Bitcoin held the $65,200 level and rebounded to $67,402 after falling to $65,112 on Monday, marking its weakest point since the February selloff linked to the Iran war escalation.
Meta's market cap is down about $280 billion this month, shares are down 17%. It could be the company's worst performance since October 2022. Mandeep Singh of Bloomberg Intelligence has more.
Former Senior Advisor to President Obama Puneet Talwar discusses President Trump renewing threats against Iran as US troops arrive in the region. He talks with Katie Greifeld on "The Close."
Bloomberg's Jerusalem reporter Dan Williams said that Israel is trying not to give Houthi's a propaganda victory after the Iran-backed group launched two ballistic missiles at Israel on Saturday. It marks a widening of the war as Israel continues strikes on both Iran and Lebanon.
Schwab Center for Financial Research Head of Fixed Income Research & Strategy Collin Martin discusses the negative consequences of a drawn out conflict in Iran, why there are risks to inflation and labor mandates, and why we shouldn't expect a recession in the near term. He talks with Katie Greifeld and Bailey Lipschultz on "The Close."
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