Taking advantage of the increasingly divergent fundamentals of Bitcoin and fiat currency could be a way out for struggling miners. Bitcoin (BTC) mining firms should hold their mined Bitcoin and use it as collateral for fiat-denominated loans to pay operating expenses instead of selling BTC and losing the upside of an asset that miners expect to surge in price, according to John Glover, chief investment officer at Bitcoin lending firm Ledn. In an interview with Cointelegraph, Glover said that holding onto the BTC carries several benefits including, price appreciation, tax deferment, and the potential to make extra revenue by lending out BTC held in corporate treasuries. The executive added: This debt-based approach is similar to companies like Strategy, which issue corporate debt and equity to finance Bitcoin acquisition and profit from the diverging fundamentals of BTC and the fiat currencies the corporate capital raises are denominated in. Read more
The current ETH price setup versus Bitcoin closely mirrors 2019, with an oversold RSI and prolonged weakness below key moving averages after a multiyear decline. Ethereum’s Ether (ETH) token is approaching a critical price zone against Bitcoin (BTC), which historically marked the beginning of a massive rebound. The ETH/BTC pair, currently trading near 0.019 BTC, is edging closer to 0.016 BTC — the exact level it reached in September 2019 before rallying nearly 450% over the following year. The current ETH/BTC setup resembles 2019, with both periods marked by oversold relative strength index (RSI), long stretches below key moving averages, and multiyear declines. Read more
Investors continue to pour into gold amid macroeconomic uncertainty and ongoing geopolitical tensions that have impacted risk asset prices. Tokenized gold carries several benefits over other forms of paper gold, including gold exchange-traded funds (ETFs), according to Melissa Song and Dustin Becker, representatives of Gold DAO, a decentralized autonomous organization that facilitates investor access to tokenized gold. In an interview with Cointelegraph, the DAO representatives outlined three major benefits unique to tokenized gold, including 1:1 redeemability for a specific quantity of physical, serialized gold, usage as collateral in decentralized finance (DeFi) applications, and transactional efficiency through on-demand liquidity. "When you buy an ETF, you are betting on the gold price going up, but you do not own any specific gold bar," Song told Cointelegraph. Read more
Institutional investors are driving a new era in Bitcoin mining, capitalizing on favorable US regulations and infrastructure diversification into AI. Opinion by: Fakhul Miah, managing director of GoMining Institutional The Bitcoin (BTC) mining industry has never been more attractive to institutional investors. Fintech giants are investing in Bitcoin mining rather than just accumulating the asset, all thanks to the favorable regulatory environment in the US and the profitability margin of BTC. Then, numerous companies are diversifying by allocating computing power to AI, further strengthening their economics and, thus, investment attractiveness. For now, it looks like the future of the foundational layer for the Bitcoin network could mark the new gusher age. Read more
Web3 social network Zora’s recent airdrop led to a wave of discontent on social media, but creators and builders are convinced that the future of creativity is still onchain. Onchain social network Zora has built a reputation as a popular tool for artists, musicians and other creatives to monetize their content onchain, but the recent launch of its eponymous ZORA token has left many users confused and dissatisfied. The token’s price tanked shortly after launch, with users and observers complaining about everything from poor communication from the team to the token’s distribution and utility models. This comes amid an overall decline in interest in the onchain creator economy and a changing perspective on whether blockchain tools like non-fungible tokens (NFTs) are still useful for creatives who want to monetize their work on the blockchain. Read more
Crypto sealed bids fairly allocate tokens, limiting price manipulation and front-running. This often cuts bot interference, boosting equal access in popular launches. Launching a new token is a critical step for any blockchain project. Token launches enable projects to offer their native assets to early users, investors or supporters while securing capital or encouraging community growth. From initial coin offerings (ICOs) to fair launches and airdrops, each approach carries different levels of transparency, accessibility and risk. Since projects differ in their goals and target communities, several token launch models have evolved over time. Read more