Solana (SOL) has gone down by 0.75% in the past 24 hours and currently sits at $132 per token but this cryptocurrency has had a good week as odds that a Solana ETF will be approved by the U.S. Securities and Exchange Commission (SEC) skyrocketed in the past few days. Wagers on Polymarket have raised the odds that a SOL-linked exchange-traded fund (ETF) will receive the nod from the regulator before the end of 2025 to 82%. Bettors responded favorably to Paul Atkins’s confirmation as Chairman of the agency around six days ago as the Trump administration continues to place industry-supportive figures in key positions. A Solana-linked ETF will drive additional liquidity and capital inflows to this utility token while it will also open up the door for further institutional interest in the network, which should result in higher prices in the long term. Like most cryptocurrencies, SOL has had a difficult year and has accumulated losses of 30.2% since the year started as macroeconomic conditions have deteriorated lately. Although Trump’s rise to power initially boosted the price of most digital assets, his hostile trade policies have spooked market participants as they could result in higher inflation, slower economic growth, and no interest rate cuts. SOL Could Rise to $150 Soon After Trend Line Break The daily Solana chart shows that the price has broken above its trend line resistance and has temporarily invalidated a bearish outlook for the token. Meme coins could be responsible for this positive performance as Fartcoin (FART), a Solana-based token, has rallied in the past week and has driven significant transaction volumes to the network. Other assets in this category like Bonk (BONK) and Popcat (POPCAT) have also experienced strong demand, all of which benefit SOL. Momentum indicators have improved in the past few days as the Relative Strength Index (RSI) has crossed above the signal line and has delivered a strong buy signal. Meanwhile, the MACD’s histogram has been rising for five consecutive days and has surged to its highest level since late March. As a result, SOL could retest the $150 resistance soon, meaning a 13.6% upside potential in the near term for the token. With Solana’s growth pushing network limits, it’s no surprise over $30 million has already flowed into Solaxy presale , a Layer 2 built to ease congestion. Solaxy ($SOLX) Presale Will End Soon – This is The Time to Invest Solaxy (SOLX) is a layer-two scaling protocol that increases the Solana mainnet’s efficiency by bundling transactions offline in a side chain. Back in January when TRUMP and MELANIA were launched, users and exchanges received transaction errors and experienced delays when they tried to buy and sell these tokens. The protocol’s presale event will end soon. At its discounted presale price of $0.001694, SOLX offers significant upside potential to early buyers as the demand for this token will skyrocket once the L2 is launched. To buy $SOLX, simply head to the Solaxy website and connect your wallet (e.g. Best Wallet ). You can either swap SOL, USDT, or ETH for this token or use a bank card to make your investment. The post Can ETF Hype Push SOL Past $150? Traders Eye Breakout Levels appeared first on Cryptonews .
Ethereum Could Be AI’s Key to Decentralization, Says Former Core Dev A former Ethereum core developer, Eric Connor, believes Ethereum may hold the answer to one of AI’s most pressing challenges: centralization. In a post on X dated April 15, Connor outlined how Ethereum’s transparent and decentralized infrastructure could help fix AI’s growing “black box” issue. Ethereum Offers an Alternative to Big Tech’s AI Connor argues that AI is rapidly becoming omnipresent in every aspect of modern life but is still constrained by black-box algorithms and centralized frameworks. Ethereum, on the other hand, offers open smart contracts and verifiable contracts, decentralized infrastructure, token incentives, and micropayment systems with integration. These traits would bring accountability into AI model training, what it is trained on, and how decisions are made—topics now veiled behind proprietary processes. “Ethereum already has the ethos with openness, collaboration and trust minimization,” Connor wrote. Resistance From Big Tech Is Expected Although Ethereum has promise, Connor conceded that big AI players will not adopt open-source models willingly. “They profit from secrets and control,” he claimed. However, greater demand for fairness, transparency, and ownership of data may cause a tide shift in favor of decentralized sites like Ethereum. Building for the Future of AI Connor emphasized proactive growth: tooling, research, and actual-world implementation that makes Ethereum interesting for AI developers. Adopting Ethereum could go well beyond finance if it is successful, into the broader tech ecosystem. Connor left the Ethereum community in January to focus on AI projects due to concerns over the leadership vision of the network. Agentic AI Is Already Emerging on Ethereum The Ethereum blog recently caught on to its growing relevance to agentic AI—a new class of independent software agents that can learn, choose, and communicate with blockchains. Projects like Luna, a wallet-holding virtual influencer that resides onchain; AIXBT, a crypto market analytics AI; and Botto, a decentralized artist that employs AI and community suggestion, are already demonstrating real-world use cases. Other businesses, such as Bankr and HeyAnon, are bringing blockchain to humans via chat interfaces, in which users can conduct transactions and manage wallets by natural language. As blockchain meets AI, Ethereum could find itself at the edge of a new technology horizon—one defined by decentralization, rather than centralization, but by transparency, collaboration, and self-governance.
Bitdeer Technologies Group plans to take advantage of a 90-day suspension of U.S. tariffs to ship mining rigs from Southeast Asia to the United States. According to Bloomberg, Bitdeer, a Bitcoin ( BTC ) mining company listed on Nasdaq and founded by crypto mogul Jihan Wu, is experiencing a decline in profitability and a slump in demand for Bitcoin mining hardware. As a result, the Singapore-based company is pivoting to self-mining rather than selling its machines to other operators. It will also begin U.S.-based manufacturing as a result of Trump’s tariff policies . “Our plan going forward is to prioritize our own self-mining,” said Jeff LaBerge, Bitdeer’s head of capital markets and strategic initiatives. The shift comes as Bitcoin’s hash price—a measure of mining profitability— remains near historic lows, following last year’s halving event that reduced block rewards. Meanwhile, U.S. tariffs under President Trump’s trade policy are causing supply chain disruptions for rigs built largely in Asia. You might also like: Mantra’s token crash exposes liquidity risks, market manipulation U.S.- based manufacturing Bitdeer also intends to begin U.S.-based manufacturing in the second half of 2025, aiming to reduce its dependence on overseas production and bring jobs to the U.S. While chips from Taiwan’s TSMC are currently exempt from tariffs, the company is preparing for possible cost increases. Some customers have delayed orders for rigs, prompting Bitdeer to reroute inventory to its own facilities in Bhutan and Norway. The company currently operates about 900 megawatts of mining capacity globally and aims to scale to 2.6 gigawatts by 2026. It’s also expanding into new markets including Canada and Ethiopia and repurposing its data centers in Texas and Ohio to support artificial intelligence and high-performance computing. You might also like: Amazon outage ‘textbook example’ of centralized systems risks, experts say
Mantra, a popular real-world asset tokenization coin that collapsed by over 90% in 24 hours, bounced back after a statement by the founder and as investors bought the dip. Mantra ( OM ) price soared by over 50% on Tuesday, making it the best-performing top 100 coin by percentage point gains. It rose to an intraday high of $0.82 in a high-volume environment. Still, the coin remains significantly lower than its all-time high of $9.10. It would need to jump by over 1,000% from the current level to retest its record high. In a statement, JP Mullin, who we interviewed last week, insisted that the OM price crash was not a rug pull as some analysts have estimated. Instead, he insisted that the plunge was because of a forced liquidation of large holders in an unnamed crypto exchange. 1) A quick note to say how much I appreciate all the support the MANTRA team has received in the past 36+ hours. The support and kind words have come from many sources – from partners, investors, friends, and from the wider Web3 community. Thank you. — JP Mullin (🕉, 🏘️) (@jp_mullin888) April 15, 2025 Mantra will publish a post-mortem of the recent crash and announce initiatives to build trust and support its price. Two of these events will include a token buyback and a burn mechanism, demonstrating the team’s commitment to the project. You might also like: Mantra price plummets: What happened to the real-world asset token? A token buyback is when a project uses funds in its treasury to buy coins on the open market. On the other hand, a token burn refers to coins being removed from circulation by being moved to an inaccessible wallet. In theory, these initiatives help to boost a token’s value by reducing those in circulation, which often boosts the staking yield. StakingRewards data shows that Mantra has a staking yield of 5.4%, higher than top coins like Hedera ( HBAR ) and Tron ( TRX ). Mantra price surge could be a bull trap OM price chart | Source: crypto.news The OM price rebound is likely because some investors see value in the coin after a significant crash. However, there is a risk that this rebound is part of a dead cat bounce or a bull trap. A dead cat bounce occurs when a falling asset briefly rebounds as retail investors buy the dip. In most cases, this rebound is temporary, and the asset often resumes its downtrend. Buying a falling knife is a concept known as timing the market. Popular cryptocurrencies have had similar dead cat bounces during their downfall. Some of these tokens include Terra Luna, Celsius, and FTX Token. Therefore, while the Mantra price surge might continue for a while, crypto analysts recommend patience and sound risk management strategies. You might also like: Mantra DAO moves $26.96m in OM to Binance amid insider selling concerns
Cardano and Avalanche are poised for a potential surge in the crypto market. Investors are eager to see if ADA can break past a significant barrier and whether AVAX will climb over the $30 mark. Enthusiasm builds as analysts predict which coins might lead the next wave of growth. Cardano Market Watch: Month Dip and Six-Month Surge Highlight Key Levels A 13.79% decline over the last month contrasts with an impressive 82.95% surge over the past six months. A one-week increase of 9.90% shows short-term buyer interest amid recent pullbacks. Price behavior over the last month reflects a clear dip, while the longer half-year trend indicates a strong recovery. This illustrates a volatile but generally bullish long-term movement. Current trading occurs within a range of $0.47 to $1.02, with resistance at $1.37 and support at $0.27. Key technical indicators, like an RSI near 47, along with neutral oscillator readings, show the market lacks a clear trend. Traders may look for breakout opportunities above resistance or potential rebounds near support for profits. Avalanche AVAX: Evaluating Recent Volatility and Price Zones AVAX gained 3.29%over the past month but dropped 28.47% over six months. A one-week surge of nearly 20% shows short-term strength amid longer-term weakness. Past performance reflects volatile swings with rapid upswing and deeper pullback, highlighting the coin's mixed history over recent months. Prices now move between $14.37 and $24.15 with key support at $9.96 and nearest resistance at $29.52. Indicators fall in a neutral to slightly bullish range, with no clear trend dominating. Trading ideas aim to capture moves toward upper resistance while staying cautious around the support level. Conclusion ADA and AVAX show strong potential for growth. Both are attracting attention with their technology and use cases. Investors are watching to see if ADA can break past its major resistance. Likewise, if market conditions remain favorable, AVAX could surpass the $30 mark. The performance of these coins will be key in the upcoming market shifts. The next few weeks will be crucial in determining their trajectories Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Key Takeaways: Mantra (OM) lost 90% of its value within an hour on April 13, erasing $6 billion in market cap. On-chain data shows large token movements before the crash, raising suspicions of insider activity. The collapse has intensified concerns about transparency and governance in DeFi projects. The dramatic collapse of Mantra (OM) has renewed concerns over trust and transparency in the decentralized finance (DeFi) sector. In a matter of minutes on April 13, Mantra lost 90% of its value, wiping out $6 billion in market capitalization without any confirmed security breach or external attack. Overhyped New Layer 1 Blockchains to Blame? Jean Rausis, co-founder of decentralized finance platform SMARDEX, weighed in on the situation, pointing to the dangers of overhyped new Layer 1 blockchains that lack decentralized backing and historical resilience. “Sunday’s Mantra token collapse points, once again, to the fact that investors and users must be very careful with new L1s, especially when they are hyped up by centralized interests,” said Rausis. “It should serve as a reminder that not all price action in DeFi is sustainable.” Rausis contrasted the Mantra collapse with Ethereum’s current performance, pointing out that despite recent sluggish price action, Ethereum remains the most reliable and developer-rich ecosystem in DeFi. “Ethereum remains King,” he stated. “Instead of fixating on ETH’s price action, we should be asking ourselves what the DeFi space truly needs to thrive.” As the dust settles on Mantra’s dramatic fall, the broader DeFi community faces a pressing question: is it time to re-focus on transparency, decentralization, and long-term value — or risk repeating the same mistakes with the next overhyped project? The sudden and steep drop sent shocked the crypto community, raising questions about governance, insider activity, and the fragility of hype-driven projects. Mantra Once Considered a Promising Crypto Project Once ranked among the top five Real World Asset (RWA) protocols by market cap, Mantra was seen as a rising star in the RWA space. The project focuses on tokenizing real-world assets on-chain, and its native token, OM, reached an all-time high of $8.99 in late February. However, within a few short weeks, the token plummeted from $6.10 to just $0.40 in a single day. Why Did the Price of Mantra Collapse? As of now, there is no confirmed reason for what caused the collapse. Mantra maintains that the platform is operating normally and that there was no attack on the network. Meanwhile, parts of the crypto community suspect insider trading and point to the project team as a possible cause. Despite the market chaos, no official exploit or hack has been confirmed. In a public statement released via X (formerly Twitter) on April 15, the Mantra team acknowledged the community’s concern and pledged a commitment to transparency. "Transparency is a word that can get thrown around like glitter – particularly in this space. But I'm going to use it. We will do everything in our power to convey accurate, timely information as soon as we have it and verify it. This is a responsibility to our community we… https://t.co/B3pJyPaOwm — MANTRA | Tokenizing RWAs (@MANTRA_Chain) April 15, 2025 “Transparency is a word that can get thrown around like glitter – particularly in this space,” the post read. “But I’m going to use it. We will do everything in our power to convey accurate, timely information as soon as we have it and verify it. This is a responsibility to our community we take incredibly seriously.” On-chain data reveals huge token movements prior to the crash, with some transactions potentially linked to insiders or early investors. These large movements have sparked speculation about whether certain parties had foreknowledge of the collapse and sold off their holdings in anticipation. Adding fuel to the fire is the revelation that the Mantra team may have controlled up to 90% of the token supply. The post Mantra Collapse Sparks Debate on Trust in DeFi, Says Analyst appeared first on Cryptonews .
The post Crypto Gems to Buy in April 2025 – Analysts Are Betting Big on These Coins appeared first on Coinpedia Fintech News As Q2 begins, crypto markets are showing signs of renewed optimism — and with it, fresh opportunities for strategic investment. While blue-chip tokens remain reliable, analysts are turning their focus toward emerging crypto gems that offer utility, innovation, and early-stage upside. April 2025 presents a particularly strong window for investors looking to enter projects before they hit mainstream awareness. One standout name gaining rapid momentum is Kaanch Network , a utility-driven Web3 platform currently in presale. Many experts believe it could be among the top-performing altcoins of the year. You can explore the project and join the live presale here: https://presale.kaanch.com What Makes a Crypto a “Gem”? Not all low-cap tokens are hidden gems. Analysts look for projects that are: Solving real-world problems Building long-term infrastructure or tools Backed by strong tokenomics Supported by an active and growing community Positioned in a sector with long-term demand (e.g., AI, DeFi, Web3 infra) Let’s look at three such crypto gems to consider this April — with Kaanch Network at the top of the list. 1. Kaanch Network (KNCH) Kaanch is building an infrastructure layer for Web3, focusing on data permission systems, decentralized access, and AI-integrated smart services. Its token powers access to tools, services, and infrastructure within the ecosystem. Key strengths: Real-world utility in identity, data, and developer infrastructure Fast-moving presale with growing investor interest Tools for both enterprises and dApp developers Clear roadmap and transparent governance Unlike typical speculative altcoins, Kaanch Network is rooted in problem-solving and platform development — making it a long-term contender for explosive growth. 2. COTI (COTI) COTI is building a decentralized payments infrastructure designed to support scalable, fast, and low-cost transactions for enterprises. It’s a Layer-1 blockchain with a unique DAG protocol. Why it’s a gem: COTI’s ongoing developments, including enterprise payment integration and treasury services, have positioned it as a quiet leader in the decentralized finance (DeFi) sector. 3. Radix (XRD) Radix is a smart contract platform built for DeFi, with a unique architecture that prioritizes scalability, security, and developer experience. The network aims to solve problems related to smart contract composability and security bugs. Why it’s undervalued: With an upcoming release of its Scrypto programming environment and growing developer traction, Radix is gaining ground as a serious contender in the next wave of DeFi. Analyst Perspective: Why April 2025 Matters April represents a critical inflection point as macro conditions stabilize and builders continue to deploy real products. Projects like Kaanch that are still in early phases but show market alignment tend to outperform during these transitions. Backed by actual development activity and a clear token utility model, Kaanch Network is already being called one of the most promising crypto gems of 2025. Final Thoughts Crypto investing in 2025 is about more than hype. It’s about spotting real builders and platforms before the broader market catches on. Kaanch Network , COTI, and Radix each fit that mold — but only one is still in presale and accessible at an early price point. For those looking to position themselves early in a utility-first project, Kaanch Network’s presale offers a rare window of opportunity. Explore Kaanch Network Presale : https://presale.kaanch.com Website : https://kaanch.com Whitepaper : https://docs.kaanch.network
Bitdeer makes a major shift by expanding its mining operations and U.S. production, aiming to adapt to a fluctuating cryptocurrency market. The company’s decision reflects its response to declining demand
When it comes to identifying the next big crypto, it’s all about finding projects with real-world utility, innovative technology, and long-term growth potential. Right now, Qubetics, Chainlink, and VeChain are three projects that stand out as some of the best crypto to buy for April 2025. Each platform is tackling unique challenges in the blockchain space, from cross-chain interoperability to decentralized data or supply-chain transparency. Qubetics is gaining serious traction for its groundbreaking work in blockchain interoperability, particularly with its decentralized VPN and real-world asset tokenization. Meanwhile, Chainlink continues to dominate as the go-to oracle solution for connecting smart contracts to real-world data. And let’s not forget VeChain, which is revolutionizing supply chain management through blockchain technology. These three projects are not just innovative but are also poised for substantial growth in the coming years. In this article, we’ll break down what makes these coins so special, their latest updates, and why they could be some of the best crypto to buy for long-term gains in April 2025. Qubetics: Paving the Way for Seamless Blockchain Interoperability In the world of blockchain, interoperability has always been a challenge. Different networks often operate in silos, preventing seamless communication and transaction across ecosystems. Qubetics is here to solve that problem. By focusing on creating a multi-chain environment, Qubetics aims to connect different blockchain networks in a way that allows for efficient, real-time asset transfer and data exchange. This interoperability is crucial for businesses, professionals, and individuals navigating multiple blockchain environments. Qubetics stands out because of its non-custodial multi-chain wallet, which allows users to store and manage assets across multiple blockchains without relying on centralized exchanges or platforms. This functionality is a game-changer for anyone involved in blockchain technology, offering both simplicity and security. Qubetics Presale: Why It’s the Perfect Time to Get In Qubetics is in its 30th best crypto presale stage, having already sold over 508 million tokens and raised over $16.1 million. With the current price of $TICS at $0.1729, the presale is still active, and there’s plenty of time to get involved before the platform reaches its mainnet launch. Analysts have predicted significant ROI as the platform scales, making it one of the best crypto to buy for April 2025. Analysts Predictions: $TICS at $1 After the Presale, 477% ROI $TICS at $5 After the Presale, 2789% ROI $TICS at $6 After Mainnet Launch, 3367% ROI $TICS at $10 After Mainnet Launch, 5678% ROI $TICS at $15 After Mainnet Launch, 8567% ROI Qubetics’ focus on cross-chain compatibility and decentralized privacy solutions like its decentralized VPN makes it an attractive long-term hold. For anyone looking for a project that combines technical innovation with real-world applications, Qubetics is definitely one to keep an eye on. Qubetics Expands with Key Enterprise Partnerships for Global Blockchain Interoperability Qubetics has recently secured several high-profile partnerships that promise to accelerate its global adoption. These partnerships will enable businesses to leverage Qubetics’ blockchain solutions for faster, more secure cross-border transactions, while expanding its ecosystem to include decentralized applications (dApps). As blockchain interoperability continues to grow in importance, Qubetics is positioning itself as a key player in this space. Chainlink’s SmartCon Returns to New York City in 2025 Chainlink has announced that its annual premier Web3 conference, SmartCon, will take place on November 4-5, 2025, at Manhattan’s Metropolitan Pavilion. This marks the event’s return to New York City for the first time since 2021. SmartCon 2025 is expected to feature over 100 expert speakers, including leaders from DeFi, NFTs, and blockchain projects, offering insights into the latest advancements in the blockchain space. Chainlink’s CCIP has been successfully launched on Hedera’s mainnet, enabling seamless cross-chain communication and interoperability. This integration allows developers to build applications that can interact across multiple blockchains, enhancing the flexibility and scalability of decentralized applications (dApps) within the Chainlink and Hedera ecosystems. VeChain Partners with UFC to Tokenize Fight Gloves VeChain has partnered with the Ultimate Fighting Championship (UFC) to introduce tokenized fight gloves equipped with NFC chips. These chips track fight data and provide blockchain-based proof of authenticity, enhancing transparency and fan engagement by offering verifiable data on each glove’s usage during fights. VeChain has teamed up with AI platform SingularityNET to develop solutions for addressing climate change. This collaboration leverages VeChain’s blockchain technology and SingularityNET’s AI capabilities to create transparent and efficient systems for tracking environmental data, promoting sustainability, and fostering accountability in climate-related initiatives. Interoperability: The Key to Blockchain’s Future Blockchain interoperability refers to the ability of different blockchain networks to communicate and share data with one another. It’s a critical component for the next generation of blockchain applications, especially as the number of networks and platforms grows. Interoperability allows users and businesses to seamlessly interact with multiple blockchains without facing the traditional barriers between networks. Qubetics is leading the way in this space by offering cross-chain compatibility and enabling decentralized applications to work across different blockchain ecosystems. This breakthrough in blockchain interoperability is key for the future of decentralized finance, global trade, and digital asset management. Conclusion Qubetics, Chainlink, and VeChain lead the charge in blockchain innovation, each offering unique solutions to real-world problems. Whether it’s Qubetics’ cross-chain interoperability, Chainlink’s decentralized oracles, or VeChain’s transformation of supply chain logistics, these projects have proven themselves to be top contenders in the crypto space. For anyone looking for the best crypto to buy for April 2025 , these three are solid long-term options to consider. For More Information: Qubetics: https://qubetics.com Presale: https://buy.qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics Frequently Asked Questions What makes Qubetics stand out in the blockchain space? Qubetics focuses on blockchain interoperability and offers a decentralized VPN and multi-chain wallet, making cross-border transactions seamless. How does Chainlink work with smart contracts? Chainlink acts as a decentralized oracle, providing real-world data to smart contracts, allowing them to interact with external systems. Why is VeChain important in supply chain management? VeChain uses blockchain technology to increase transparency and efficiency in supply chains, enabling real-time product tracking and verification. How does Qubetics ensure cross-chain compatibility? Qubetics connects different blockchains, enabling seamless communication and transactions between various decentralized applications (dApps). What industries are adopting VeChain’s blockchain solutions? VeChain is expanding across various industries, including retail, logistics, and automotive, to improve supply chain transparency and efficiency. The post Qubetics’ 10% Growth Sets It Apart as the Best Crypto to Buy for April 2025— with Chainlink’s SmartCon and VeChain’s Tokenizing appeared first on TheCoinrise.com .
Bitcoin miner Bitdeer is reportedly expanding its self-mining operations and investing in United States-based production as looming trade wars rock global supply chains and cryptocurrency markets. Bitdeer has begun prioritizing mining Bitcoin ( BTC ) itself in response to cooling demand for its mining hardware from other miners, Bloomberg reported on April 15 . “Our plan going forward is to prioritize our own self-mining,” Jeff LaBerge, Bitdeer’s head of capital markets and strategic initiatives, reportedly said. Additionally, Bitdeer plans to scale US hardware manufacturing in the second half of the year as US President Donald Trump touts plans to penalize foreign imports and promote domestic manufacturing, Bloomberg said. “This is something we’ve been planning for a long time,” LaBerge said about the manufacturing plans. “We want to bring jobs and manufacturing back to America.” In April, Trump tipped plans for sweeping tariffs on US imports. The Bitcoin network is especially vulnerable to trade barriers since mining hardware involves complex global supply chains. Bitcoin’s hash price is near all-time lows. Source: Hashrate Index Related: Tariffs, capital controls could fragment blockchain networks — Execs Sector-wide struggles Bitcoin miners — including Bitdeer — have struggled in 2025 as volatile crypto markets worsen the impact of the Bitcoin network’s April 2024 halving. In February, Bitdeer’s stock dropped by roughly 28% after the Bitcoin miner announced lower-than-expected earnings and revenues for the fourth quarter of 2024. Bitdeer’s “lower performance compared to Q4 2023 was primarily driven by the impact of the April 2024 halving,” among other factors, Harris Bassett, Bitdeer’s chief strategy officer, said during Bitdeer’s earnings call. Every four years, the amount of BTC mined per “block” — a bundle of transaction data stored on the blockchain — is cut in half. The April 2024 halving reduced mining rewards from 6.25 BTC to 3.125 BTC per block. Bitcoin price versus stocks. Source: 21Shares Since then, mining revenues and gross profits have dropped by an average of 46% and 57%, respectively, JPMorgan said previously in a research note shared with Cointelegraph. Meanwhile, Bitcoin’s hash price — a measure of miner profitability — has sunk to nearly all-time lows, according to data from the Hashrate Index. In 2024, Bitdeer tried to offset declining mining revenues by selling its own energy-efficient Bitcoin mining rigs. However, sales growth has been limited and did not offset weakness in other business lines in Q4. The market turbulence comes as Bitcoin Trump family-backed crypto mining operation American Bitcoin reportedly is considering an initial public offering . Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research