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blockonomi.com Bitdeer Ramps Up BTC Mining as Industry Faces Cooldown

TLDR: Bitdeer shifts from selling rigs to mining its own Bitcoin, increasing internal hashrate to 22.5 EH/s. Weak rig demand pushes hardware makers like Canaan and Bitdeer to deploy surplus equipment in-house. Mining margins tighten after 2024 halving as network difficulty rises despite Bitcoin hitting new highs. Miners diversify into AI and data infrastructure, repurposing [...] The post Bitdeer Ramps Up BTC Mining as Industry Faces Cooldown appeared first on Blockonomi.

blockonomi.com Grayscale Edges Closer to Solana ETF Launch as Fee Update Hits SEC Filing

TLDR: Grayscale submitted an amended S-1/A for its Solana Trust (GSOL) to the SEC after market close. The updated filing lists a 0.35% management fee, higher than Bitwise’s 0.2% from the prior day. The amendment signals accelerating progress in the race to launch a Solana ETF. Market watchers see a tightening competition between Grayscale and [...] The post Grayscale Edges Closer to Solana ETF Launch as Fee Update Hits SEC Filing appeared first on Blockonomi.