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Bitcoin Miners See 46.15% Revenue Drop in May, Lowest Since October 2023


After two consecutive months of record-breaking revenue, bitcoin miners experienced a significant downturn in earnings in May, a level not seen since October 2023. In April, miners generated $1.79 billion, whereas May’s figures show a considerably lower revenue of approximately $964.24...

Dormant Dogecoin Whale Becomes Active Again After A Decade


After more than ten years of dormancy, an inactive Dogecoin (DOGE) Whale with a wallet balance of 893,303 DOGE (about $145,101) became active on May 22. It was the first transaction made by the account since May 2014. The post Dormant Dogecoin Whale Becomes Active Again After A Decade appeared...

Grayscale CEO Michael Sonnenshein Steps Down, Goldman Sachs Exec to Lead Firm


Grayscale CEO Michael Sonnenshein is stepping down from having joined the team in 2014 and serving as CEO since 2021, Sonnenshein will be replaced by former Goldman Sachs executive Peter Mintzberg. The post Grayscale CEO Michael Sonnenshein Steps Down, Goldman Sachs Exec to Lead Firm appeared first...

Bitcoin weekly new wallets drop to the lowest level since 2018


Since 2018, the weekly number of Bitcoin addresses has fallen to its lowest level. The recent trend was influenced by developments in the Bitcoin space and the upcoming halving event. Market reports indicate that the Bitcoin ecosystem has recently added an average of 275,000 addresses.  Reports...

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