Bitcoin miners, hoping for more efficiency, are increasingly marching in step with the traditional datacenter industry, says Colin Harper of Blockspace.
The overall stablecoin market, including tokens pegged to currencies and commodities, crossed $230 billion rising for the 18th consecutive month, CoinDesk Data’s report show.
The sell-off might have to do with the convertible note pricing, while some speculated that it’s a sign of investor disapproval of the bitcoin acquisition plans.
Former SEC Commissioner Paul Atkins testified in a confirmation hearing beside Trump’s OCC nominee, Jonathan Gould, though crypto wasn’t a central topic.