Overnight, BTC continued to rebound upward, once re-standing on the 30-day moving average of 98.3k.
In the past year, BTC has risen from 42.5k to 95.4k, an increase of 124.5%. Behind the doubling of prices, the total computing power of the BTC network has increased by 56%, from 512EHash/s to 800EHash/s.
800EHash/s means calculating 800,000,000,000,000,000,000 hash values in one second. The strongest computing power built by humans on our blue planet.
Looking back at the so-called "519" crash just four years ago in 2021, when the computing power was cut from 200E to 100E, do we understand more deeply the saying "What doesn't kill me makes me stronger"?
The galloping horse fell to the ground. Some people wailed, some were ecstatic.
Foundry USA, a new American mining pool that once looked up to the Chinese mining pool, has seized the historical opportunity after this huge change and has jumped to the top position of the world's largest mining pool in just a few years.
The Eastern Thousand-Li Horse gallops like a flying horse, which is beyond the reach of others.
Kill the king's horse, eat the horse meat, and bury the horse bones.
The West spends thousands of gold to buy horse bones.
Eastern learning spreads to the West, the Phoenix Nirvana, and Jesus is reincarnated.
In 2023, BlackRock enters the market.
In early 2024, the US BTC ETF was approved for listing.
At the end of 2024, the concept of national strategic reserve was proposed.
Don't listen to those who say "BTC is a financial weapon created by Americans". Just four years ago, Silicon Valley Godfather Peter Thiel was saying that it was a financial weapon created by the Chinese.
Sometimes, it is really difficult to distinguish between truth and war.
It can only be said that objectively, the death of the Thousand-Li Horse really made the Thousand-Li Horse go to the world.
BTC mobilized the power of a powerful visible hand to help itself complete the feat of Nirvana rebirth, carried out a vigorous decentralization, went to the world, and was accepted by the upper will of the world's first superpower.
2024 is over. The computing power of the BTC network has reached 800EHash/s. This figure is 4 times the level of 200EHash/s before the "519" crash in 2021.
Some people say that the value of BTC comes from consensus.
The power of decentralization lies in the expansion of consensus and the increase of value.
However, consensus is ultimately only a product of the consciousness level.
And what ultimately determines consciousness is still matter.
The power of matter.
Computing power.
Roman Sterlingov, founder of the Bitcoin Fog crypto mixer, was sentenced to 12.5 years in prison for laundering over $400 million linked to illegal activities. He was also ordered to forfeit $395.5 million and his share in a Bitcoin wallet holding 1,345 BTC, worth over $103 million.
WeatherlyByteDance is expanding its AI efforts with Doubao, a chatbot now capable of generating realistic videos from text and images. This move strengthens ByteDance's position in China's fast-growing AI market, though it faces tough competition from rivals like Kuaishou.
WeatherlyA South Korean court upheld a bank’s decision to fire an employee for “habitual” crypto gaming and improper private money lending to clients, uncovered in an internal audit. The employee appealed, claiming the dismissal was unjust.
KikyoFour foreign nationals were arrested in Thailand for a robbery on 8 November, where they forced a Ukrainian tourist, Viacheslav Leibov, to transfer 250,000 USD in cryptocurrency. The suspects, who had prior connections to the victim, were charged with armed robbery, unlawful detention, and coercion.
WeatherlyDespite over 50% drop in TON’s TVL since July, Bitget Wallet and Foresight Ventures are reinforcing support for Telegram’s Mini App ecosystem with a $20 million grant to boost growth and innovation.
CatherineAlameda Research has filed a lawsuit against Waves founder Aleksandr Ivanov, seeking to recover $90 million allegedly lost in fraudulent transactions involving the Waves token and Vires.Finance. The lawsuit claims Ivanov inflated the value of WAVES while siphoning funds from Vires, and later failed to cooperate in attempts to recover the assets.
AnaisThe Vatican has unveiled an AI-driven digital twin of St. Peter's Basilica, developed with Microsoft and Iconem to enhance visitor management and preservation. Pope Francis supports AI’s potential but emphasizes ethical, responsible use as a bridge to the future.
CatherineThe FTX bankruptcy estate claims SBF’s $1.76 billion repurchase deal with Binance in July 2021 was a fraudulent transfer due to FTX’s insolvency. The lawsuit seeks to recover billions for FTX creditors, alleging the transaction was fraudulent.
KikyoTether’s WDK toolkit offers an open-source, self-custodial solution for creating BTC and USDT wallets for both humans and AI. Scalable and modular, it supports platforms from mobile to robotics, with future updates bringing UI templates and multi-blockchain support for Tether-backed stablecoins.
CatherineIn Thailand, armed robbers forced a Ukrainian man to transfer $250,000 in USDT under threat. They restrained him and warned against reporting the crime before fleeing. Thai police soon arrested four suspects, including a regular USDT buyer from the victim.
Kikyo