ChainCatcher message, Republican Ted Cruz, who supports cryptocurrency, posted on X: "The Republican Party will unleash the potential of cryptocurrency. I am proud to stand with Bitcoin. I am the only Bitcoin miner in the U.S. Senate, and I am proud to say that Texas is a Bitcoin oasis."

ChainCatcher news, according to CoinDesk, investment bank Jefferies' latest report shows that driven by Bitcoin's price reaching an all-time high, miners are expected to continue their profitable trend in December. Data indicates that the average Bitcoin price rose by 31% in November, while network hash rate only increased by 4%, with daily revenue per EH/s reaching $55,649, a month-over-month increase of 20.7%.Among them, MARA Holdings ranks first in the industry with a deployed hash rate of 46.1 EH/s, mining 907 Bitcoins in November; CleanSpark ranks second with 33.7 EH/s, producing 622 Bitcoins. U.S.-listed mining companies account for 24.7% of the total network output, and lower winter temperatures help improve equipment operating efficiency.

ChainCatcher message, on-chain analyst Maartunn shared IntoTheBlock data on X stating: "In the past year, miners' Bitcoin balance decreased from 1.99 million BTC to 1.90 million BTC, a decline of 4.74%. Miners are steadily selling, but the amount is not large. This suggests that they may be selling some BTC to cover operational costs."

ChainCatcher news, according to Cryptonews, the Abkhazian police have recently intensified their crackdown on private crypto miners, seizing nearly 200 mining machines within four days. The Abkhazian State Security Service (SSS) conducted raids in cities such as Ochamchira and Sukhum from December 10 to 13, confiscating 194 mining machines. The Ministry of Internal Affairs also seized 10 mining machines from the Gudauta and Gagra districts.Timur Dzhindzholiya, head of Chernomorenergo, stated that despite the implementation of rolling blackouts, energy consumption has not decreased, indicating that crypto mining continues to consume a significant amount of electricity. On December 10, internet service providers suspended the network for seven hours in an attempt to alleviate the pressure of mining on the power grid. On December 11, the Inguri Hydroelectric Power Station was forced to shut down for 24 hours due to low water levels.In addition, Abkhazia's acting Prime Minister Bganba has called on the government to consider declaring a state of emergency in the energy sector.

ChainCatcher news, according to News.bitcoin, Dogecoin has recently suffered a vulnerability attack that severely affected its node structure. This vulnerability, known as "Dogereaper," reportedly caused 69% of Dogecoin nodes to crash, executed by Sequentia developer Andreas Kohl using just an old laptop from El Salvador.Although this attack significantly impacted Dogecoin nodes, the situation could have been worse: ecash developers Tobias Ruck and another developer, Roqqit, have disclosed the vulnerability. Tobias Ruck stated that he first discovered this vulnerability while developing Doged (an alternative to Dogecoin Core) during code testing for porting their alternative software, where he found an unpatched segmentation fault in the original code.Tobias Ruck explained: "We will not tolerate node crashes; we have put in a lot of effort to ensure network security. This attack could have been much worse, and all key stakeholders, such as miners and exchanges, had patched before the attack occurred, highlighting how important it is for us to act cautiously."

ChainCatcher message, crypto analyst Ali (@ali_charts) quoted Santiment data stating: "Since December, Bitcoin miners have sold over 140,000 BTC, totaling $13.72 billion."

ChainCatcher news, according to Bloomberg, artificial intelligence (AI) companies have significantly outpaced cryptocurrency mining enterprises in energy demand for data centers, becoming a new dominant force in the global electricity market. AI technology giants are willing to pay up to three times the price of electricity compared to Bitcoin miners to support their data centers. This fierce competition is forcing Bitcoin miners to turn to marginalized or intermittent power sources.MAR Holdings CEO Fred Thiel stated that the electricity costs paid by AI companies are much higher than those of crypto miners, putting the latter under survival pressure. For example, his company recently acquired a wind farm in Texas to maintain operations, but this type of power supply is not stable. Additionally, the disadvantages that crypto miners face in loan default rates and financing costs make electricity suppliers more inclined to cooperate with technology giants.It is worth noting that the recent surge in Bitcoin prices, surpassing $100,000, may slow down the trend of miners' data centers being acquired. However, industry experts predict that Bitcoin miners will be further pushed into marginal markets that cannot meet AI's electricity demands, such as inefficient power facilities in remote areas. This competitive landscape indicates that the energy demand patterns of the AI and cryptocurrency industries are undergoing significant changes, while also revealing the relative weaknesses of miners in terms of technology and capital capabilities.

ChainCatcher news, according to Ali's monitoring, Bitcoin miners sold 771 BTC in the past 24 hours, approximately 76 million dollars.

ChainCatcher news, Salvadoran President Nayib Bukele has proposed an innovative plan to lease the country's volcanoes to miners for sustainable Bitcoin mining. Bukele stated on social media on November 25 that miners could use the geothermal energy generated by the volcanoes to reduce mining costs. This idea was inspired by a previous post that showcased El Salvador successfully using geothermal energy to mine 474 Bitcoins, worth approximately $46 million.Bukele pointed out that El Salvador has 170 volcanoes, making it a rich energy reservoir to attract global miners. He wrote, "With 170 volcanoes, launching a 'lease a volcano to mine Bitcoin' program actually makes a lot of sense."In response, Daniel Alvarez, the Director of the General Directorate of Energy, Hydrocarbons, and Mines of El Salvador, stated that the team will begin drafting a new geothermal energy bill to support the implementation of this plan.

ChainCatcher news, Bitcoin mining company Bitfufu (NASDAQ: FUFU) has officially been included in the FTSE Global Micro Cap Index. The FTSE Global Micro Cap Index is managed by FTSE Russell and tracks smaller, high-growth companies globally, serving as an important resource for institutional investors. This inclusion is expected to enhance the company's liquidity and visibility in the market.

ChainCatcher news, the Texas Public Utility Commission has passed a regulation requiring Bitcoin miners using the grid maintained by the Electric Reliability Council of Texas (ERCOT) to register and share key details about their facilities.According to the recently passed Texas Public Utility Commission (PUCT) rules, Bitcoin miners must share their facility's location, ownership information, and power requirements with state government agencies. Miners have only one business day to register from the date their facility connects to the ERCOT grid, and they must renew their registration by March 1 of each year.ERCOT is an independent system operator that accounts for 90% of the state's electricity load. According to PUCT Chairman Thomas Gleeson, the new regulations are intended to help manage the grid as more mining facilities come online.Gleeson stated, "To ensure the reliability of the ERCOT grid and meet the electricity needs of all Texans, PUCT and ERCOT need to understand the location and power requirements of virtual currency miners."

ChainCatcher news, Bloomberg ETF analyst Henry Jim posted on X that Grayscale has submitted an application for a Bitcoin Miners ETF, with the trading code/fee rate to be determined, and the effective date is January 27, 2025.

ChainCatcher news, Russia has proposed a draft amendment through the Ministry of Finance, suggesting a 15% tax on cryptocurrency income. The proposed changes will reshape the tax framework for crypto miners, affecting income, expenses, and related infrastructure.A key part of the new legislation is the proposal to impose a 15% personal income tax on cryptocurrency income. The income from mining tokens will be taxed at market value upon receipt, and miners can deduct operating expenses to ensure a balanced tax calculation. Cryptocurrencies will be classified as property for tax purposes, eliminating the value-added tax (VAT) on crypto transactions.

ChainCatcher news, according to data disclosed by Cointelegraph on the X platform, Bitcoin miners have transferred approximately 45,000 BTC to exchanges in the past three days.

ChainCatcher news, according to Onchain Lens monitoring, a Bitcoin whale that had been dormant for 14.3 years was activated this morning. This miner accumulated 2000 BTC when Bitcoin was only worth $0.067.After so many years of holding, this wallet finally took action, transferring BTC to a new wallet, which was then dispersed into 50 different wallets. Today, the total value of these BTC has reached $176.2 million.

ChainCatcher news, according to The Block, since the U.S. presidential election, Bitcoin has surged to a new high of over $93,500, with some large miners taking the opportunity to profit by selling part of their Bitcoin, approximately 2,000 coins sold last week.However, CryptoQuant analysts believe that Bitcoin is still undervalued, as valuation indicators do not show it to be overvalued, and with increasing market demand and improving liquidity, it is expected to soon challenge $100,000.

ChainCatcher news, according to Forbes, the Legislative Activity Committee of the Russian government is advancing a cryptocurrency tax bill on November 11, 2024. The bill defines cryptocurrency as property and establishes different tax requirements for individual and corporate miners. Under the new regulations, businesses must register with the Federal Tax Service to legally conduct mining operations, while individuals with monthly electricity consumption below 6000 kilowatt-hours are exempt from registration.The new framework adopts a two-stage taxation model: the first stage taxes when cryptocurrency is received, with the tax base calculated based on the closing price of major exchanges; the second stage taxes upon sale, with additional taxes applied if the sale price exceeds the initial taxable value. Starting in 2024, individual traders and miners with annual income exceeding 2.4 million rubles will be taxed at a progressive rate of 13% to 22%, while the corporate tax rate will increase to 25% in 2025.According to the Industrial Mining Association, these tax measures could bring in 50 billion rubles (approximately 521 million USD) in annual revenue for the budget.

ChainCatcher news, according to data from FarsideInvestors, the BTC production of major listed miners increased in October, with a month-on-month growth of 13%, reaching a total output of 3,630 BTC.