1. Coin Metrics: The State of Bitcoin Mining in Q2 2024 This week’s State of the Network report takes another look at the Bitcoin mining landscape, continuing our series of quarterly updates on the state of proof-of-work stakeholders. Since the Bitcoin halving in April, mining profits have been under pressure due to stagnant Bitcoin prices and a depressed fee market, although short periods of on-chain congestion have provided some relief. Many miners are diversifying beyond pure mining and repositioning themselves as general infrastructure providers in an attempt to secure hosting contracts for energy-intensive artificial intelligence applications. At the same time, chip efficiency improvements continue unabated, forcing miners to consider whether to continue using older ASIC hardware or to make a full-scale mining machine upgrade. In this report, we will delve into each of these factors to assess the health of the mining industry in addition to Bitcoin price performance. Click to read

2. Chain abstraction: How to solve the two major problems in the encryption world

We have tried interoperability, cross-chain, multi-chain and other methods, but none of them have succeeded. What's worse, most practices have brought more fragmentation problems. The answer to these problems is chain abstraction. Click to read

3. Performance of Bitcoin ETF 5 months after launch and comparison with BlackRock Gold ETF

The Bitcoin spot ETF was approved in early January 2024, providing an important new investment opportunity for individuals and institutional companies that need regulated tools to enter the cryptocurrency market. After overcoming the excitement of the first few months, we now have the opportunity to analyze the impact of these ETFs on the market with more calm and complete information. As is our habit in this channel, let us do this by examining the most relevant data. Click to read

4. Different Meme Coin Holdium's Marshmallow Experiment

In the past few weeks, I have heard about a new memecoin - Holdium. Yes, thanks to DJ Khaled for providing the buzzword that allows me to say that. Although most memecoins feel boring, a few of them do introduce new distribution, incentive, and retention mechanisms that will gradually spread to other areas of the crypto ecosystem. I think Holdium is one of them. Click to read

5. Analyst: 3 reasons why BTC price is at the "cycle top"

BTC prices have fallen 2.25% in the past 24 hours and are currently 16% lower than their all-time high of $73,835 set on March 14. Click to read