Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic
The market shrank by $7.7 billion in June alone, the largest dollar amount since May 2022's Terra-Luna crash, but stablecoins will likely resume their long-term growth, one analyst said....
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Bitcoin is nearing a power law support line Fidelity has tracked since 2015
Bitcoin is approaching a $58,000 support level tracked by Fidelity since 2015 using a power-law model. The deviation from the trendline matches 2018 and 2022 lows, signaling an accumulation zone. However, Fidelity's Jurrien Timmer warns of no immediate reversal catalyst, expecting sideways trading for months as speculative capital has rotated to gold and semiconductors instead.
Bitcoin’s BIP 110 fork deadline nears with miner support at zero
Bitcoin's contentious BIP-110 proposal aims to cap arbitrary blockchain data for one year but faces an early August deadline with less than 1% miner support. Major figures like Michael Saylor and Adam Back oppose the measure, arguing it sets a dangerous precedent for consensus changes over policy disputes. Without overwhelming support, BIP-110 will likely create only a minority chain rather than network-wide adoption.
Cambridge study puts Ethereum near the lower end of PoS energy intensity
Cambridge estimated that Ethereum consumes 7.87 GWh annually and has the second-lowest market-value-adjusted energy intensity among the PoS networks studied....