Author: 行政
Bitcoin miners saved Texas power grid from collapse, but their lucrative pivot to AI is stripping away the emergency brake
Texas broke its all-time electricity demand record twice in two days last week. ERCOT served a preliminary 91,308 megawatts around 5 p.m. on July 22, one day after demand hit 87,403 megawatts and erased the 85,508-megawatt mark that had stood since Aug. 10, 2023.Neither afternoon saw an appeal for energy conservation, and the system carried more than 20 gigawatts of headroom at the peak. Days later, the grid operator told regulators that demand could roughly double within six years to 175,000 megawatts, while a long-term forecast that had reached about 367,790 megawatts by 2032 was being reworked after regulators deemed…
Coinbase told investors on Thursday that 88% of its second-quarter net revenue came from something other than Bitcoin spot trading. The same release reported a $359.5 million net loss under US accounting rules, the company’s third consecutive losing quarter.Both numbers describe the same three months. Taken together, they get closer to the truth about Coinbase than either one does alone.The arrangement the company carried into its 2021 listing was easy to understand. Retail customers traded more when Bitcoin went up, and they paid a fee on every transaction. So when prices flattened, the revenue flattened with them.Almost everything built since…
The free ride for VanEck’s Bitcoin ETF is officially over after falling $1.4 billion short of growth target
VanEck’s Bitcoin ETF ends its zero-sponsor-fee period today, July 31, with $1.076 billion in net assets, equal to 43.0% of the waiver’s $2.5 billion asset threshold.The VanEck Bitcoin ETF, which trades as HODL, reported the asset figure as of July 30. It was about $1.424 billion below the threshold, meaning HODL remained fully covered by the waiver through its final day.The waiver’s mechanics are more precise than a simple cap. VanEck waived the sponsor fee on the first $2.5 billion of trust assets through July 31. Had the fund grown beyond that level before the deadline, only assets above $2.5 billion would have…
Japan-listed Quantum Solutions expanded the amount of Ether its group may sell through Oct. 30, 2026, after subsidiary GPT Pals Studio sold another 1,000 ETH to help fund its AI data-center push. The group can still sell up to 2,471 ETH, while only 1,714.8 ETH of its present balance is disclosed as outside a lender pledge.The July 30 board action raised the aggregate ceiling from 1,875 ETH to 4,375 ETH. Together with 904 ETH sold on June 16, the latest transaction brought sales under the policy to 1,904 ETH.GPT received $1.903 million in aggregate proceeds, net of transaction fees, at…
Why DeFi giant Aave is pulling the plug on six hyped blockchains making less than $5,000 a quarter
In a July 29 forum-stage proposal, Aave risk service provider LlamaRisk recommended winding down the decentralized lender’s V3 deployments on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos. The plan would put $4.1 million of debt on a staged exit path that keeps existing positions open during the initial step.The Aave Request for Final Comments, or ARFC, covers 25 lending reserves with $12.8 million supplied, based on LlamaRisk data dated July 28. The forum thread still showed the request under discussion on July 31. Aave’s proposal lifecycle places an ARFC before a community Snapshot and any executable on-chain Aave Improvement Proposal.…
Why a $20 billion Bitstamp slump makes Robinhood’s retail app look far weaker than it really is
Bitstamp accounted for $20 billion, or 77%, of the $26 billion decline in Robinhood’s reported crypto notional volume from the first to the second quarter of 2026.Volume attributed to Bitstamp fell 48%, from $42 billion in the first quarter to $22 billion in the second quarter. The Robinhood App declined 25%, from $24 billion to $18 billion, accounting for the remaining $6 billion of the sequential drop.Robinhood’s crypto notional shrank 39%, from $66 billion to $40 billion, and Bitstamp supplied more than three-quarters of the drop. The headline total now folds two different customer mixes into one number, muddying the…
New Bitcoin study shows the strongest recurring liquidation warning signs cannot warn of an individual crash
A new arXiv preprint studying seven major Bitcoin crashes found the warning signal shifting among price, leverage, and order flow from one event to the next.One clue echoed across six usable cases. Taker order-flow variance tightened before each cascade, a faint weather front across the group rather than a siren traders could trust to call the next crash.Ramon Marc Garcia Seuma submitted the single-author paper on July 29, 2026. The work has not been peer reviewed. It analyzed Binance’s USD-margined BTCUSDT perpetual market across cascades from May 2022 through October 2025, using one-minute price bars and five-minute open interest, trader…
For the first time, the United States Mint will display all 11 of its 1933 $20 Double Eagles together on Aug. 28 at the American Numismatic Association World’s Fair of Money in Pittsburgh. All 11 US Mint held 1933 Double Eagles will be displayed together for the first time Aug 28 at the ANA Worlds Fair of Money in Pittsburgh The historic exhibit will unite 10 coins at the center of a decades-long ownership battle with an 11th example later surrendered by a private collector. The original group appeared together at the 2006 World’s Fair of Money in Denver, but…
After $8.2B loss forced Bitcoin sales, Michael Saylor gives Strategy to September to repair broken dividend engine
Michael Saylor’s Strategy (formerly MicroStrategy) is targeting a September recovery for its STRC preferred stock as the company seeks to revive the financing channel behind its goal of doubling Bitcoin per MSTR share within seven years.The plan follows a second quarter that demonstrated Strategy’s growing exposure to Bitcoin’s price swings.The company reported an $8.22 billion second-quarter loss after earning $10.02 billion a year earlier. Almost all the reversal came from an $8.32 billion loss on its digital assets as Bitcoin ended June about 40% below its level at the end of last year’s second quarter.Strategy continued buying through the downturn.…
House of Doge’s wholly owned Dogecoin Ventures unit borrowed $1.4 million from lender Devlin DeFrancesco under an unsecured note, according to a July 29 SEC filing.Secured creditors get paid first, while the $1.4 million principal is due in 2,227,300 CleanCore Solutions shares already pledged to House of Doge’s senior lenders.The note was issued July 28, bears 10.7% annual interest and matures July 27, 2027. Rather than return the $1.4 million principal in cash, Dogecoin Ventures agreed to deliver the fixed block of unrestricted, registered CleanCore shares.Dividing the face amount by that block produces an implied value of about 62.9 cents…