According to CoinDesk, Bitcoin miners are experiencing increased financial pressure due to a decline in transaction fees and a drop in hashprice, as detailed in TheMinerMag’s February 2025 report. The hashrate for Bitcoin rose by 3.8% in February, reaching 810 EH/s, indicating a slowdown in the growth of mining competition. Despite this, the hashprice, which represents the revenue miners earn per unit of computing power, fell to $45/PH/s, negating the gains from the price surge driven by the U.S. election. This situation is particularly challenging for inefficient miners. Transaction fees accounted for only 1.3% of total block rewards in February, marking their lowest share since the bear market bottom in 2022. March is showing an even lower trend, with transaction fees comprising just 1.12% so far. These developments, coupled with increased competition from artificial intelligence (AI) data centers, are exerting additional pressure on mining operations that depend on hosting agreements and asset-light strategies. MARA continues to lead the industry with a hashrate of 44 EH/s following a 6% increase, while CleanSpark saw a 12% growth, reaching 39 EH/s. Despite some firms like HIVE Digital and Cipher Mining selling their production to fund expansion, total Bitcoin holdings among miners have surpassed 100,000 BTC for the first time. However, mining stocks have suffered, with the combined market capitalization of 15 major firms dropping from $36 billion in January to $22 billion in March. Companies such as Cipher, Canaan, Hut 8, HIVE, and Bitdeer have all experienced losses exceeding 40%. As network growth slows and energy costs rise, miners may require a Bitcoin price rally to alleviate further financial strain. The current environment poses significant challenges for the industry, highlighting the need for strategic adjustments to navigate the evolving landscape.

According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has issued a statement regarding certain Proof-of-Work (PoW) mining activities. This move aims to provide greater clarity on the application of federal securities laws within the crypto asset sector. The SEC's Division of Corporation Finance has expressed its views on activities conducted on PoW networks, commonly referred to as 'mining.' The statement specifically addresses the mining of crypto assets that are closely linked to the procedural functions of public, permissionless networks. These crypto assets are obtained through participation in the network's consensus mechanism or by maintaining the network's technical operations and security. The SEC refers to these as 'Covered Crypto Assets' and the mining activities on PoW networks as 'Protocol Mining.' Under the Securities Act Section 2(a)(1) and the Exchange Act Section 3(a)(10), the term 'security' is defined by listing various financial instruments, including 'stocks,' 'notes,' and 'bonds.' Since Covered Crypto Assets do not fall under any of the explicitly listed financial instruments in the definition of 'security,' the SEC's analysis of certain transactions involving these assets in the context of Protocol Mining is based on the 'investment contract' test established in the U.S. Supreme Court case SEC v. W.J. Howey Co. The Howey Test is used to evaluate arrangements or instruments not explicitly mentioned in the statutory provisions, focusing on their 'economic reality.'

The mega deal will serve Kraken's ambitions to expand beyond crypto. source: https://www.bankless.com/read/kraken-is-acquiring-futures-platform-ninjatrader-for-1-5b

The European Union decided on Thursday that it is delaying its planned retaliatory tariffs against the United States until mid-April in response to President Donald Trump’s 25% tariffs on EU steel and aluminum, which have fueled tensions between the two economic powers. A spokesperson for the European Commission reportedly told CNBC that the EU is […] source: https://www.cryptopolitan.com/eu-pushes-back-tariffs-on-trumpsus/

Aleksei Andriunin, founder of Gotbit, pled guilty to wire fraud and market manipulation in a case highlighting the legal challenges in cryptocurrency-related fraud cases. source: https://www.bankless.com/read/gotbit-founder-aleksei-andriunin-pleads-guilty-to-wire-fraud-market-manipulation

Despark turns user feedback into Web3 gold. source: https://www.thestreet.com/crypto/innovation/this-web3-company-turns-user-feedback-into-rewards

أعلنت بينانس عن إدراج مشروع Nillion وعملته الرقمية (NIL) في منصة الاكتتابات الخاصة بها “Launchpool”. المشروع عبارة عن شبكة لامركزية تعتمد على الحوسبة اللامركزية (Blind Computing) لتمكين معالجة البيانات وتخزينها بشكل آمن مع الحفاظ على الخصوصية.. source: https://arab-btc.net/nillion-nil-on-binance-launchpool/

Bitwise chief investment officer (CIO) Matt Hougan says the crypto markets are undervaluing the US government’s policy shift on digital assets. In a new interview with Natalie Brunell, Hougan says that the buying opportunity in crypto is now one of the best ever as the regulatory landscape has dramatically shifted under US President Donald Trump.. source: https://dailyhodl.com/2025/03/20/opportunity-has-never-been-greater-in-crypto-bitwise-cio-says-market-vastly-undervaluing-change-in-washington/

The TON Foundation will tap a group of Tier 1 VC backers, to raise another $400M in a token-based deal, with additional TON sales. source: https://www.cryptopolitan.com/the-ton-foundation-announced-400m-financing/

Bitcoin (CRYPTO: BTC) traders are taking profit on the rally to $87,000, expecting a pullback before more possible upside. source: https://www.benzinga.com/markets/cryptocurrency/25/03/44422785/prominent-bitcoin-trader-closes-longs-anticipates-pullback-to-83500?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Significant changes announced and expected by the U.S. government on trade, immigration and fiscal spending mean that interest rate expectations may shift later this year.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.

BSC, project, the latest developments of BSC chain: 7 popular memes and 5 un-coined projects. Golden Finance, Golden Dogs appear frequently, the ecology heats up, and BSC has been very lively recently.

量子技术,BTC,反对允许量子计算机攻击比特币 金色财经,本文主要讨论了量子计算对比特币的威胁。

The economic drivers of the shift in tone appear set to persist, even as some Republican policies spark a social backlash.

Recommended readings tonight: 1. Why are North Korean hackers so good at stealing cryptocurrencies? 2. Understanding MicroStrategy’s new financing tool STRF 3. A quick look at the status of stablecoins in 2025

MCP is an open standards framework that simplifies the integration of LLM with external data sources and tools.

Binance Launchpool launches its 65th project - Nillion (NIL), a decentralized network that uses blind computation to achieve secure data processing and storage.

Users are now using Grok to fact check Musk's statements. Can this AI be the ultimate fact checker

Altcoins, is there still an alt season for cryptocurrencies? Golden Finance, the emergence of alt seasons is often accompanied by an increase in liquidity.