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Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year. According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that this was a result of large-scale investments. …
Continue reading “Bitcoin miner Hut 8 grows hashrate 79% despite $134M quarterly loss”
Bitcoin (BTC) has long been branded as “digital gold,” a store of value for believers in scarcity, decentralization and self-sovereignty. As institutional interest grows, geopolitics shift, and new layers emerge on Bitcoin’s stack, is it time for the narrative to evolve? In this episode of The Clear Crypto Podcast, hosts Nathan Jeffay and Gareth Jenkinson …
Continue reading “Beyond digital gold, Bitcoin’s next chapter is about to be unlocked — Dan Held”
Coinbase, the largest cryptocurrency exchange in the US by trading volume, has agreed to acquire Deribit, one of the world’s biggest crypto derivatives trading platforms. Coinbase Global will acquire Deribit for about $2.9 billion, the exchange announced on May 8. The acquisition will allow Coinbase to expand into the profitable crypto derivatives market and continue …
Continue reading “Coinbase to acquire options trading platform Deribit for $2.9B”
Key takeawaysAfter the shutdown of Coinhive in 2019, browser mining has made a comeback with new tools like CryptoTab Browser, Pi Network and YouHolder.Mining with a browser can cost more in electricity than the crypto earned, especially for users with mid-range devices.Despite being less energy-intensive than ASIC farms, browser mining still adds up in terms …
Continue reading “Browser-based crypto mining in 2025: Still viable or virtually dead?”
Smart contract platform Rootstock, the home of decentralized finance (DeFi) on Bitcoin, saw a sharp increase in network security and mining engagement in the first quarter of 2025, even as activity cooled. Merged mining participation surged to an all-time high of 81%, up from 56.4% in Q4 2024, driven by the integration of major mining …
Continue reading “Bitcoin DeFi sees surge in mining participation despite drop in TVL”
Sweat, a move-to-earn platform that rewards users for physical activity, has launched a personalized AI agent and expanded its multichain infrastructure. The update is designed to improve user onboarding by offering interactive guidance and simplifying asset management across blockchains. The AI agent, named Mia (short for Movement in Action), is powered by Near.AI — an …
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What is VanEck’s Onchain Economy ETF ($NODE) VanEck’s Onchain Economy ETF ($NODE) exposes investors to companies driving blockchain adoption across multiple industries. The fund is scheduled to begin trading on May 14, 2025, following its inception on May 13, 2025. As the global economy shifts to a digital core, NODE offers active equity investment in …
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Space and Time, a blockchain project supported by Microsoft, has launched its public, permissionless mainnet to bring zero-knowledge (ZK)-proven data infrastructure to crypto applications. Built by MakeInfinite Labs, Space and Time offers a decentralized, verifiable database for smart contracts to query historical, crosschain and offchain data, according to a news release shared with Cointelegraph. The …
Continue reading “Microsoft-backed Space and Time mainnet launches with major builders”
Doodles’ non-fungible token (NFTs) sales surged by 97% in the last 24 hours as digital collectible traders anticipate the project’s token generation event and airdrop. On May 8, data from CryptoSlam showed Doodles NFT sales topping $1.1 million, nearly doubling the previous day’s total. The spike placed Doodles in the third spot for daily NFT …
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The Ethereum Pectra upgrade introduced a significant upgrade in account abstraction accessibility, with multiple wallets already implementing the change. Pectra introduced Ethereum Improvement Proposal (EIP) 7702, a change that Ivo Georgiev, founder and CEO of self-custodial smart wallet Ambire, described as “the single greatest UX upgrade to Ethereum so far.” Ambire is among the wallet …
Continue reading “Pectra features already in use: Ethereum EIP-7702 wallets roll out”
