Mining firms retrofit infrastructure to power artificial intelligence instead of crypto Bitcoin mining companies are rapidly transforming their operations into AI data centers, a pivot driven by shrinking crypto margins and explosive demand for machine learning infrastructure. The shift highlights how the energy-dense facilities once built to mint Bitcoin are now being repurposed to train and run large-scale AI models. From crypto boom to AI opportunity Back in 2021’s bull market, Bitcoin miners enjoyed profit margins above 90%. But with the 2025 halving, rising hashrates, and soaring energy costs, those margins have thinned dramatically., “The economics of mining have collapsed—AI…
Author: Blockto Team
Former U.S. president calls for tariffs and sanctions as tools to end the Ukraine conflict Former U.S. President Donald Trump has urged NATO allies to adopt sweeping tariffs of up to 100% on China as part of a strategy to pressure Moscow into ending the Russo-Ukrainian war. The proposal, delivered on Saturday, underscores Trump’s reliance on economic weapons as geopolitical leverage. Trump’s proposal for NATO “I believe that this, plus NATO, as a group, placing 50% to 100% tariffs on China, to be fully withdrawn after the war with Russia and Ukraine is ended, will also be of great help…
Hedera Faces Resistance at $0.26 While Holding $0.22 Support Hedera (HBAR) is currently trading near $0.244, showing signs of recovery after bouncing from a critical support zone. The token remains in a consolidation phase, with traders closely monitoring whether it can break through nearby resistance levels to regain bullish momentum. The daily HBAR/USDT chart reveals a strong rebound from the $0.22 support area, highlighted in green. This level acted as a springboard for buyers after weeks of downward pressure, as shown by the falling channel formation earlier in the summer. HBAR now faces immediate resistance between $0.255 and $0.26, marked…
Conservative fund giant embraces Bitcoin-linked stocks as exposure strategy Capital Group, a 94-year-old mutual fund powerhouse long known for its traditional investment style, has turned a $1 billion allocation to Bitcoin treasury firms into more than $6 billion. The move underscores how institutional investors are increasingly validating Bitcoin as a long-term asset. From cautious investing to Bitcoin advocacy The firm’s Bitcoin push has been spearheaded by Mark Casey, a veteran portfolio manager with 25 years at Capital Group. Casey, whose style was shaped by Benjamin Graham and Warren Buffett, has become a vocal supporter of the digital asset. “I just…
Key support and resistance levels shape next move as traders eye $120K test Bitcoin (BTC) is showing signs of renewed strength after breaking out of a falling channel pattern on the daily chart, trading around $116,100 at press time. The move comes after weeks of consolidation that saw the world’s largest cryptocurrency test lower support zones near $112,000. The chart indicates that BTC has respected a downward-sloping channel since mid-August, repeatedly testing both support and resistance. Friday’s breakout above the upper trendline suggests growing bullish momentum, with the next key resistance located between $120,000 and $122,000 — marked by a…
Treasury companies face identity crisis as firms expand balance sheets beyond Bitcoin David Bailey, CEO of Bitcoin-focused treasury firm Nakamoto, has raised concerns over the growing trend of companies adding underperforming cryptocurrencies to their balance sheets. According to Bailey, this shift risks confusing the narrative of what digital asset treasury companies are meant to represent. Treasury Moniker Under Scrutiny “The treasury company moniker itself is confusing,” Bailey said in a recent post on X. “Toxic financing, failed altcoins rebranded as DATs, too many failed companies with no plan or vision. It’s totally muddled the narrative.” Bailey argued that the true…
NEAR Consolidates Around $2.75 With Bulls Eyeing $3.10 Breakout NEAR Protocol (NEAR) is trading near $2.75 after facing rejection from a key resistance zone. The cryptocurrency has seen strong upward momentum in recent weeks, but technical charts suggest it must clear multiple hurdles before confirming a sustained breakout. The 4-hour NEAR/USDT chart highlights an important support area around $2.65–$2.70 (marked in green), where buyers recently stepped in to prevent a deeper pullback. As long as this zone holds, NEAR maintains a short-term bullish bias. On the upside, $2.90 acts as immediate resistance, with a stronger supply zone around $3.10–$3.20 (highlighted…
Stablecoins, tokenization, and investor optimism highlight the week of September 6–12, 2025 The cryptocurrency market held steady momentum during the week of September 6 to September 12, 2025, with Bitcoin advancing from nearly $113,200 to around $115,500. Ethereum consolidated near $4,512, while Solana broke past $239, confirming renewed strength in select altcoins. At the same time, policy announcements in the United States continued to frame the conversation around digital assets. Bitcoin leads the market Bitcoin’s market capitalization reached roughly $2.29 trillion by September 11, reflecting steady inflows of capital. According to BITX Analysts the cryptocurrency was stabilizing near resistance. “Bitcoin is…
BTC dominance falls to 57.5% as altcoins show resilience, but critical levels could determine the next major move Bitcoin’s share of the cryptocurrency market, known as BTC dominance, has slipped to 57.56%, testing a key support level after weeks of steady declines. The pullback raises questions about whether altcoins are preparing for a stronger recovery phase or if Bitcoin could soon reassert its market control. The chart highlights a clear downtrend in dominance from the June peak above 66%, with successive lower highs confirming weakening momentum. Currently, BTC dominance is holding near the green demand zone around 57%, a level…
PVARA invites leading exchanges to apply under new federal framework Pakistan has officially invited international cryptocurrency firms to apply for operating licenses under its newly established Pakistan Virtual Asset Regulatory Authority (PVARA), marking a major shift in the country’s digital finance policy. According to government officials, PVARA will supervise licensing and regulation of virtual asset service providers (VASPs) in compliance with international standards. “This is our invitation to the world’s leading VASPs to partner in building a transparent and inclusive digital financial future for Pakistan,” said Bilal bin Saqib, PVARA chair and minister of state for crypto and blockchain. The…
