Shares of Bitcoin miner Bit Digital climbed 7% after the company reported more than a 140% revenue jump in 2024, fueled by its growing cloud services segment. Bit Digital’s latest financial results suggest a major shift is underway as its expanding cloud services and high-performance computing operations appear to be reshaping its revenue mix. In a press release on Friday, March 14, Bit Digital reported $108.1 million in total revenue for 2024, a 141% increase from the previous year. The company’s management attributed the surge to the successful rapid expansion of its HPC business. Data shows that cloud services, which contributed $45.7 million, weren’t even part of the business a year earlier. “Profitability improved alongside business expansion, supported by stronger gross margins and operational efficiencies. A strong liquidity position and no debt provide the flexibility to make targeted investments that enhance capabilities and long-term competitiveness.” Bit Digital Meanwhile, Bitcoin ( BTC ) mining revenue grew 32% to $58.6 million, though its share of total revenue fell from 98% in 2023 to 54% in 2024. Profitability also appeared to improve as the company reported a net income of $0.19 per share, a turnaround from the previous year’s loss of $0.16 per share. You might also like: Bitcoin mining stocks present ‘compelling buying opportunity, analyst says Bitcoin revenue slides Still, operational figures seem to show both gains and challenges. The company earned 949.9 BTC in 2024, down 37% from 2023, pointing to challenges such as April’s halving event and increasing network difficulty. At the same time, its Ethereum ( ETH ) staking revenue grew 169% to $1.8 million. The company’s cloud expansion also continued, with agreements signed with Boosteroid and DNA Fund. A new data center project in Quebec, expected to be powered by hydroelectricity, is also in the works. “The company expects to invest approximately $19.3 million to develop the site, with potential expansion to 13MW within 24-36 months, subject to Hydro-Quebec approval.” Bit Digital Bit Digital suggested that profitability improved as the business grew, though it also mentioned that “cost-effective financing options” are being explored. The company emphasized its strong liquidity and lack of debt but acknowledged that maintaining financial discipline remains a focus. Following the news, Bit Digital’s shares soared 7% to $2.41, per data from Nasdaq. Read more: Bit Digital diversifies crypto mining business with major AI expansion
Dogecoin (DOGE) and Shiba Inu (SHIB) have both faced a rough market in recent weeks. DOGE has dropped about 40% over the past month, while SHIB also sits below past highs. Yet some experts still believe a 12x surge could happen for these two biggest meme coins. Meanwhile, a new token named Remittix (RTX) – priced at $0.0734, having raised $13.8+ million, and selling over 518 million tokens – offers a different path for investors. Below, we look at the DOGE vs. SHIB outlook and explain why RTX might stand out. Dogecoin’s Bumpy Road and Possible 12x Rally Source: CoinGecko Dogecoin, currently priced at $0.1652 , struggled after an already weak market slashed many crypto prices. The coin’s monthly losses hover at around 40%. However, some analysts say the mood might flip soon. One reason is the Relative Strength Index (RSI), currently near oversold territory. When RSI dips below 30 , it often hints at a reversal or bounce. Another factor is the possibility of a Dogecoin ETF – if the U.S. Securities and Exchange Commission (SEC) approves the product, mainstream investors can gain DOGE exposure without handling private keys or crypto exchanges. Polymarket puts the DOGE ETF approval odds at around 62%. In addition, whales recently scooped up 1.4 billion DOGE, possibly signaling trust in future gains. If all these factors line up, some watchers say Dogecoin could see a 12x price jump. Shiba Inu’s Shiboshis and Path to Gains Source: CoinGecko Shiba Inu (SHIB), at $0.00001196 , is also struggling to break out of its slump. The dev team behind SHIB keeps exploring new ways to grow the token’s reach, including a focus on “Shiboshis,” special NFTs important to the upcoming Shibarium layer-2 network. These tokens may help drive user activity in DeFi or gaming. If Shiboshis gain traction, Shiba Inu could see fresh demand from collectors or fans who love the brand. Still, a 12x jump for SHIB might hinge on another wave of meme coin frenzy. Past rallies were driven by social media hype and major whale buys. Without a big spark or positive news, it could stay range-bound. On the other hand, strong NFT adoption or Shibarium succes s could trigger renewed excitement and push the price higher. The Case for Remittix (RTX): A Different Angle While DOGE and SHIB fight for meme coin dominance, some analysts say Remittix (RTX) could outshine them in real-world value. Priced around $0.0734, with $13.8+ million raised and over 518 million tokens sold, RTX aims to make cross-border payments cheap and fast. Think about a user in India who needs to receive money from Canada. Instead of wire transfers that take days, Remittix (RTX) automates crypto conversions, depositing local rupees in about 24 hours. Families, freelancers, and small shops love this because it’s simple—no advanced DeFi or special wallets needed. Such direct usefulness might help RTX hold strong even in a choppy market, as people always need to move money across borders. Plus, the locked tokens and contract audit reduce risk. If Remittix secures big partnerships with e-commerce or payroll services, everyday adoption could soar. That scenario could give RTX as much (or more) upside as a meme coin wave—without relying solely on hype. Conclusion: Which Token Will Win the Next Wave? A 12x surge for Dogecoin (DOGE) or Shiba Inu (SHIB) is possible, especially if an ETF gets approved for DOGE or if Shiboshis spark new excitement in SHIB. However, Remittix (RTX) provides a practical route to global money transfers, and it might keep growing even if meme buzz slows. At $0.0734, with $13.8+ million in funding and 518+ million tokens sold, RTX stands ready for mainstream use. Whether meme coin mania returns or not, the real test lies in which token can attract steady, real-world demand. Ready to Give Remittix (RTX) a Go? Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
A new report from 10x Research suggests it’s too early to buy a dip, as Bitcoin is heading to around $73,000 soon. The next bull run will require a new narrative, according to Markus Thielen, a CEO and the main analyst at 10x Research. 10x puts a substantial chunk of the blame for the crypto market decline on Trump’s policies and memecoins collapse: “Many retail investors are now holding portfolios packed with meme coins, most of which are on a slow march to zero with TRUMP leading the way collapsing under the weight of speculation, much like the broader market under the so-called crypto president.” Read more: Is Trumpism winning and crypto failing? Bitcoin, Ethereum and XRP bleed as traders react Memecoin bubble The report was released on Mar. 11, 2025. According to it, yet another speculative bubble has burst. In 2021 it was the NFT/DeFi bubble. This time it is a memecoins bubble. Ethereum is no longer used for memecoins, while Solana- and Pump.Fun-based coins are in a severe decline. The memecoins’ bubble burst affected other crypto market players. One of the oldest and the most popular memecoin, Dogecoin, lost 33% of its price in February. The memecoin market bleeding undermined Bitcoin’s position as well. According to the report, “This structural decline indicates a weakening foundation, making now a time for caution — not complacency. Bitcoin ( BTC ) is steadily heading toward $73,000. If history is any guide, the next major (up) move will require a new narrative.” Interestingly enough, the BTC decline takes place amidst the long-awaited embrace of crypto by the White House while gold price hits new heights amidst the incredibly crypto-bullish headlines. The market will keep declining On Mar. 12, 2025, Thielen appeared on a Wolf of All Streets YouTube stream, discussing his report with host Scott Melker. Although the crypto market has already gone through a serious decline, especially when it comes to memecoins, Thielen says the prices will keep on declining. Crypto ETFs are being sold continuously. At the same time, Donald Trump threatens Canada to increase tariffs on auto imports on Apr. 2, which creates a sense of chaos and disorientation among traders. It sets expectations for April but leaves traders uncertain today. More than that, Thielen said that the new rate cuts by the Fed are not expected until the summer. It stretches the uncertainty period even more. That’s why the price of Bitcoin will keep getting lower. Speaking about the level that can be considered a real dip, Thielen said he’d bought BTC as it drops to $73,000. The news does not drive Bitcoin During the YouTube stream, Scott Melker noted that the price doesn’t go up despite lots of good news. He cites the recent reintroduction of the Lummis bill that urges the U.S. to buy one million bitcoins in five years. The bill has entered the Congress. Melker says that back in the day, such news would have definitely sent Bitcoin up. However, what we see these days is rather a lukewarm reaction. On top of the Lummis bill news, Melker mentioned the SEC dropping one case against crypto companies after another and the overall loosening of the crypto regulation as the good news that, for some reason, doesn’t drive the market these days. Melker called the news-deafness of the market a characteristic of a bearish phase. Overall, the post-inauguration trajectory of Bitcoin has been far from being bullish, contrary to what it seems to be due to the news. Melker provided a graph showing that after Trump’s inauguration, Bitcoin fell 25%, and Ether lost 46% of its value. Many other assets were in decline, too. The only two winners are gold (with 7%) and European stocks at 10%. This can feel like the very opposite of what the crypto trader reads in the news. If someone had shown you this chart of the best (and worst) performing asset classes since Trump's inauguration, would you have believed them? pic.twitter.com/Mg2qHcCOeo — Nic (@nicrypto) March 12, 2025 Thielen argued that the Bitcoin reserve news may be disappointing for crypto traders, as Lummis first told about the strategic Bitcoin reserve last year, and since then, the U.S. has still not bought bitcoins. Thielen referred to a Bitcoin reserve executive order signed by Trump earlier this month as “renaming the confiscated bitcoins.” According to Thielen, the public needs “evidence” that something was done months after Lummis told about the bill. That’s why the news cannot ignite the market. Thielen said that the positive reaction to the news that the February CPI reached 2.8% against 2.9%, as was expected, is too optimistic as the CPI above 2.0% is still pretty high. All in all, Thielen has no doubts that Bitcoin will recover over time, but as mentioned in the report, it will not happen until the new strong narrative hits. You might also like: From Trump tokens to LIBRA lows: Meme coin circus rolls on, bolstered by recent SEC ruling
Crypto borrow and lend platform Euler Finance just clawed its way back from the DeFi wilderness. The protocol this week notched new all-time highs in total value locked (TVL) and total borrows – two pivotal metrics of activity for a DeFi lender. Euler's hundreds of millions of crypto-dollars now under management might leave it well short of the Ethereum world's lending powerhouses, like the multibillion dollar Aave. But it's nonetheless notable for a protocol that nearly went kaput following a $200 million hack exactly two years ago. "A lot of people wrote us off and said it would have been totally normal for us to end the project right there," said Michael Bentley, CEO of Euler Labs. But his team decided to stick with it and rebuild Euler – from scratch. Their new vision was a highly customizable borrowing hub where people could tailor their pools' risk, yields, and asset parameters. This was a big difference from the original Euler, which Bentley described as "a specific product: one lending market." "There just isn't a one-size-fits-all when it comes to lending and borrowing," Bentley said. Comeback was hardly assured: while victims of the hack had gotten their money back , Bentley and his team questioned whether the market had an appetite for a protocol with a tarnished reputation. It didn't help that Euler basically missed much of 2024's DeFi surge while sitting in pre-launch security reviews. Euler finally debuted its V2 in September 2024, nearly a year and a half after going dark. The protocol helped juice its return with a relatively modest incentives budget: a "few million" dollars-worth of EUL tokens to woo people back, at a time when he claims competitors were offering tens of millions of dollars more., Bentley said, attributing most of the growth to "product market fit." Even now, as ether – a critical collateral asset for lending platforms across Ethereum DeFi – continues spiraling in price, Euler continues to grow. It's one of only two lending protocols in the top 10 to see growth in active loans over the last month. If this ends up being a bear market I'm still confident, given the success of Euler v2 so far, that Euler will still be growing relative to some of the other opportunities out there," Bentley said.
Realistically, Bitcoin has nothing to worry about as way to $100,000 is open
REX Shares has launched the REX Bitcoin Corporate Treasury Convertible Bond ETF. This will be a fund that invests in convertible bonds issued by companies that hold Bitcoin ( BTC ) in their corporate treasury, according to a company release. Convertible bonds are a type of debt that can be converted into company shares under certain conditions. Some companies use these bonds to raise money and buy Bitcoin for their balance sheets. The strategy gained attention after Michael Saylor, now Chairman of Strategy (formerly MicroStrategy ), used it to accumulate Bitcoin. BMAX simplifies access to this investment approach by packaging these bonds into an exchange-traded fund. ETFs allow investors to buy a basket of assets in one trade, similar to stocks. Instead of purchasing individual convertible bonds, investors can buy shares of BMAX to gain exposure to companies using this method. “BMAX is the first ETF giving retail investors and investment advisors access to convertible bonds issued by companies integrating Bitcoin into their financial strategy,” said Greg King, CEO of REX Financial. You might also like: U.K. police officer charged with Bitcoin theft worth over £3m Exposure to Bitcoin The fund focuses on companies like Strategy, which has issued multiple Bitcoin-backed convertible bonds. Investors in BMAX gain exposure to both the debt and potential equity upside of these companies while avoiding direct Bitcoin ownership. This provides an alternative way to engage with Bitcoin-linked investments without holding the asset itself. BMAX offers a regulated path to participate in this strategy, removing the complexities of sourcing individual bonds or managing Bitcoin transactions. You might also like: DWF report: insider trading behind LIBRA coin’s $1.16b rise and fall
The cryptocurrency market is experiencing volatility with significant losses in meme coins. Global liquidity is increasing, but its positive effects are limited by market uncertainties. Continue Reading: Bitcoin and Altcoin Markets Face Uncertainty Despite Rising Global Liquidity The post Bitcoin and Altcoin Markets Face Uncertainty Despite Rising Global Liquidity appeared first on COINTURK NEWS .
Parasol, a subsidiary of Mysten Labs and the platform that enables game developers to incorporate blockchain infrastructure into games, said in a Friday press release that CODE OF JOKER: EVOLUTIONS, the SEGA-licensed game by Jokers Incorporated, will be released on the Sui blockchain. First launched by SEGA Corporation in 2013, the CODE OF JOKER series became extremely popular with trading card game enthusiasts. With the functionality offered by Sui’s ( SUI ) blockchain technology, the new release will make it possible for users to experience true digital ownership, trade freely, and share collections in a decentralized environment. This marks another step towards the convergence of traditional gaming with blockchain technology. The game will be available on iOS, Android, and Web later this summer 2025. You might also like: From Hollywood to web3: The future of gaming lies in IP licensing | Opinion Why launch on Sui? Sui is a Layer 1 blockchain that is designed to support fast, secure, and scalable transactions. It is optimized for the needs of the gaming infrastructure of the modern era with its parallel execution and object-centric architecture. Jokers co-founder Takashi Mizuoka said in the press release Sui was “the only blockchain that could” fulfil his vision of living on the blockchain. “When we initially met with the Parasol team last year, it was clear that they were with us in the conviction that gaming will be at the center of Web3 transformation and the gamer community will be the first to adopt the decentralized economy,” said Evan Cheng, Mysten Labs CEO and Co-Founder. “With its massive library of SEGA Corporation IPs, CODE OF JOKER: EVOLUTIONS is the perfect first marriage of classic gaming IP and blockchain gaming.” Building the Future for Web3 Gaming Parasol’s entry into the Sui ecosystem reflects the accelerating trend towards blockchain gaming. Sui’s mainnet is already hosting innovative titles like standalone AAA titles like XOCIETY and Mysten Labs’ upcoming SuiPlay0X1, which is a device that can play Web2 and Web3-powered games. “Our partnership with CODE OF JOKER: EVOLUTIONS is a passion project by the group that grew up playing classic Japanese gaming,” Parasol CEO Kai Chen said. “Sui is the only blockchain that can provide the technical support our gaming partners require, and we’re grateful to have the backing of Jokers Inc. and Sega for our flagship project. There’s much more to come.” You might also like: Immutable co-founder: Several billion-dollar gaming firms are exploring token launches
How long is sideways trading of Cardano (ADA) going to last?
Bitcoin can’t seem to catch a break. Since March 9, it’s been trapped between $78,599 and $84,000, failing to push past key resistance, according t...