market downturn

Bitcoin Miners Face Profitability Squeeze Amidst Market Downturn

Bitcoin Miners Face Profitability Squeeze Amidst Market Downturn

Bitcoin miners are facing a double whammy of poor profitability with income dropping to the lowest level this year. The drop, which experts largely cite to the dip in Bitcoin prices and increase in operational costs, signals a tough moment for the industry.Compounding their woes, the revenue of Bitcoin miners...

SharpLink Invests $462M in Ethereum Amid Crypto Downturn

SharpLink Invests $462M in Ethereum Amid Crypto Downturn

SharpLink, a leading sports betting technology provider, made an aggressive play as it recently acquired 176,271 ETH. The move, which was finalized on or about June 13, marks an important milestone in the broader corporate adoption of crypto assets and Ethereum specifically. This major investment further underscores Ethereum’s growing prominence...