
Bitcoin's Hashrate Is Down More Than 20% as Miners Turn to AI
Four accounts of the decline agree on the direction and disagree on the peak, the depth and the length. The capital is moving to AI data centres.
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Four accounts of the decline agree on the direction and disagree on the peak, the depth and the length. The capital is moving to AI data centres.

A tenth of the chain's net revenue is routed to Arbitrum under its expansion program. Accounts of ARB's move and of the September token release do not agree.

The exchange will list tokenized versions of Britain's 100 largest listed companies with Kraken's parent, pending an approval nobody has dated.

Open interest in XRP futures fell while the price rose, and CME took a bigger share of what was left. The accounts of the rally's window do not agree.

Two CME FedWatch readings for a September rate increase came in at 57.5% and 58% on Monday. Bitcoin held just under $78,000 as August's last session ran.

US spot bitcoin funds shed about $202 million on Friday, ending nine sessions of inflows worth $3.04 billion. Ether, XRP and Solana funds kept buying.

The Bitwise Solana Staking ETF passed $1 billion in assets about ten months after listing, though its share price is still around 40% below debut.

Galaxy Research tracked 553.59 BTC, about $40 million, leaving six wallets dormant since 2011 to 2014. Five went to addresses with no exchange label.

Solana led the majors above $100 on Friday, its highest since January, while two proposals to slow SOL issuance sat in front of validators.

Bitcoin traded just under $79,000 on Thursday, off an intraday high above $81,000. The week's gain is reported as 14%, 23% and nearly 25%.

US spot bitcoin funds took in $314.37 million on Tuesday, a seventh straight day of net inflows. BlackRock's IBIT accounted for about 90% of it.

The Zcash ETF opened on NYSE Arca under the ticker ZCSH. Its 2.5% sponsor fee sits far above what competing spot bitcoin funds charge.