Category: Bitcoin News

Bitcoin miners squeezed by record hashrate even as sector stocks jump

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Profitability across the Bitcoin mining industry is facing new strain amid rising network competition and declining revenue conditions. Bitcoin miners are facing a fresh squeeze as the network’s hashrate — a measure of the total computing power competing to secure the Bitcoin network — climbed to a record 1.16 ZH/s in October while Bitcoin’s (BTC) price fell toward $81,000 entering November, according to a report by The Miner Mag. Hashprice, which tracks miner revenue per unit of computing power, fell below $35 per hash, dropping under the $45/PH/s median total…

Revolut Hits $75B Valuation Following Share Sale, Global Push

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Neobank Revolut has completed a share sale that values the company at $75 billion, placing it among the world’s most valuable fintechs.  The funding deal was led by investment firms Coatue, Greenoaks, Fidelity and Dragoneer, with additional backing from a16z, Franklin Templeton, and T. Rowe Price. Nvidia’s venture arm, NVentures, also participated. The company said Monday that employees were able to sell shares as part of the deal, marking the fifth time Revolut has offered staff a liquidity event through its employee share program. Revolut is a London-based fintech company…

XRP Jumps 8% as Franklin Templeton, Grayscale ETFs Begin Trading

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Asset management company Franklin Templeton launched an exchange-traded fund tracking the XRP token on the NYSE Arca amid regulatory approvals clearing the way for other crypto investment vehicles. On Monday, the Franklin XRP ETF launched on the NYSE Arca under the ticker XRPZ, providing investors with access to the cryptocurrency. Its trading debut coincides with the launch of the Grayscale XRP Trust ETF (GXRP) and follows other similar launches from Bitwise Asset Management and Canary Capital. XRP (XRP) is the native asset of the XRP Ledger, an open-source blockchain developed…

BTC Analyst Sees 91% Chance of the Weekly Bottom Being Confirmed

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Bitcoin (BTC) traders are navigating through one of the fastest capitulation events since late 2022, but one market analyst argued that historical data confirms that $80,000 was the bottom. Key takeaways: A Bitcoin analyst assigned a 91% probability that BTC will not see a weekly close below the current lows. NVT Golden Cross showed Bitcoin’s market cap may be undervalued, signaling short-term long position opportunities. Macroeconomic liquidity signals from Arthur Hayes and rapid onchain recovery supported the $80,000–$85,000 floor. Capitulation volume confirmed a high-probability bottom for BTC Bitcoin analyst Astronomer…

Ondo Invests $25M in Figure’s YLDS to Boost Tokenized Fund

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Ondo Finance has purchased $25 million of YLDS, the yield-bearing stablecoin issued by Figure Technology Solutions, to diversify the assets backing its tokenized US Treasurys fund. The company said Monday that YLDS will be added to a reserves portfolio that already includes tokenized Treasury products from major asset managers, including funds issued by BlackRock, Fidelity, Franklin Templeton, and WisdomTree. Designed for institutional investors, the Ondo Short-Term US Government Bond Fund (OUSG) offers onchain exposure to Treasurys with 24/7 redemptions and an estimated annual return of 3.68%. The tokenized fund has…

Stand With Crypto To Vet 2026 Candidates on Digital Asset Positions

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The cryptocurrency advocacy organization backed by Coinbase has started surveying federal and state candidates on their positions on digital assets ahead of the 2026 midterm elections in the United States. In a Monday notice shared with Cointelegraph, Stand With Crypto said it had sent a questionnaire to an unspecified number of candidates in state and federal races, asking for information related to their positions on “digital assets, crypto innovation, de-banking, crypto mining and zoning, consumer protections,” and more. The organization also requested that respondents disclose whether they had ever held…

Did Bitcoin bottom? Arthur Hayes Thinks $80,000 Will Hold

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Key points: Bitcoin should have bottomed out at $80,000 last week, according to former BitMEX CEO Arthur Hayes. Liquidity conditions are poised to turn in the crypto bulls’ favor, with the US Federal Reserve set to end QT. The buzz around future Fed rate-cut moves remains highly volatile. Bitcoin (BTC) should retain $80,000 support as US liquidity conditions change to boost crypto bulls. In his latest X content, Arthur Hayes, former CEO of crypto exchange BitMEX, predicted an inbound BTC price recovery.  Hayes on BTC price: “I think $80,000 holds”…

Blockchain is Struggling to Hold onto its Original Purpose: Aztec CEO

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Blockchain is being pulled between traditional finance and its decentralized ethos as the industry shifts to serve institutional products. Zac Williamson, CEO of Aztec Labs, said early decentralized governance failures shifted blockchain’s trajectory away from community coordination. “There is a real risk that blockchain just becomes a slightly more efficient settlement layer than Visa or Mastercard,” he told Cointelegraph. “If we lose the social coordination side of this, then the entire point of the technology gets hollowed out.” Williamson entered the blockchain field from an academic background. He left particle…

Bitcoin Faces a Quantum Governance Crisis Over Lost Coins

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James Check, founder and lead analyst at Bitcoin onchain analysis service Checkonchain, said Monday that the quantum threat is more of a consensus problem than a technology issue. In a Monday X post, Check claimed that “there is no chance we come to consensus to freeze” Bitcoin (BTC) that is not moved to quantum-resistant addresses, with development politics limiting the community’s ability to react. This means that a large amount of lost Bitcoin would flood the market as old addresses are compromised when quantum computer attacks become feasible. BitBo data…

How India’s VDA review may strengthen protections across crypto ecosystem

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Key takeaways With more than 100 million crypto users, India still lacks a comprehensive virtual digital asset (VDA) law. Existing rules address taxation and AML obligations, but they do not fully cover consumer protection or broader market conduct. Issues under discussion include the absence of unified investor-protection rules, unregulated trading practices and concerns that India’s 30% tax plus 1% TDS regime is pushing users to offshore platforms. Stakeholders are discussing a risk-based VDA framework, licensing requirements for exchanges and custodians, conduct-of-business standards, RWA-specific regulations and improved data and reporting systems.…