ChainCatcher news, IntoTheBlock posted on social media that last Sunday, the share of Bitcoin miners in the total on-chain transaction volume dropped to 2.4%, the lowest level since May 2023.

ChainCatcher news, according to RIA Novosti, in 2024, the Russian power company "Rosseti" suffered losses exceeding 1.3 billion rubles due to illegal connections to the grid by "black miners" and unmetered electricity consumption. Among them, "Rosseti North Caucasus" suffered the largest loss, exceeding 600 million rubles; "Rosseti Novosibirsk" lost 400 million rubles; and "Rosseti Central and Volga" lost 120 million rubles.The company reported that 130 cases of illegal connections have been investigated, and the cases have been handed over to law enforcement agencies, with over 40 criminal cases initiated involving charges that could lead to actual prison sentences. Illegal mining has also caused overloads in the power grid, leading to low voltage that could damage equipment and appliances. For example, in the village of Chapayevskoye in the North Caucasus, power companies and law enforcement discovered nearly 200 mining machines consuming over 12,000 kilowatt-hours of electricity.In addition, illegal mining sites are not only found in industrial areas but also involve various locations from containers on rented land to underground parking lots in residential complexes. The largest case occurred in Novosibirsk, where more than 3,200 mining machines were seized, resulting in losses from electricity theft amounting to 197 million rubles, and the suspects have been detained.

ChainCatcher news suggests that Bitcoin miners may be indicating a direction for a long-term rebound in BTC prices. Data shows that Bitcoin is exhibiting typical local bottom signals as miners are entering a new "surrender" phase. Analysis points out that the Bitcoin hash ribbon indicator is experiencing a triggering reversal.The hash ribbon is a well-known leading indicator often used to predict BTC price reversals at local lows. When the 30-day hash rate moving average (MA) falls below the 60-day MA, it indicates that miners are experiencing "surrender"—"when the cost of Bitcoin mining is relatively too high, miners are forced to shut down their machines." This situation is relatively rare and often occurs before a long-term rise in BTC prices.The last miner surrender period occurred in mid-October 2024, after which BTC prices broke through the historical high of $73,800 and soared to $108,000 in just two months.

ChainCatcher news, according to Cryptoslate, Russian legislator Anton Gorelkin posted on Telegram expressing concerns from Bitcoin miners regarding the government's requirement to include wallet addresses in a national registration system.Miners believe that if wallet address information is leaked, it could be exploited by geopolitical adversaries and lead to sanctions. In response, the Russian tax authorities stated that the relevant information is stored in an independent internal security system, with access strictly limited. Notably, this concern arises at a time when the demand for industrial-grade mining machines in Russia has tripled in 2024, and the government is promoting the establishment of a nationwide cryptocurrency mining equipment registration system.

ChainCatcher news, according to Bitcoin.com News, Russia has released new regulations for cryptocurrency mining, requiring miners to report their income by the 20th of each month, and only approved entities can operate mining businesses. The new regulations clearly state that individuals with a financial crime record will be prohibited from engaging in cryptocurrency mining activities.In addition, Russia will establish a national miner registration system to strengthen the regulation of the cryptocurrency mining industry.

ChainCatcher news, according to The Block, the Bitcoin network's transaction processing volume hit an 11-month low in January, continuing a downward trend for three consecutive months. Compared to the network's historical highest monthly transaction volume recorded in October 2024, the monthly transaction volume has decreased by more than 43%.The backlog of unprocessed Bitcoin transactions has also significantly decreased, as miners clear the memory pool of Bitcoin nodes, leading to historically low transaction fees. On February 1, several blocks were not filled.

ChainCatcher news, according to Cryptonews, due to the reduction of "humanitarian electricity" supply from Moscow to Abkhazia, it is expected that the emergency electricity provided by Russia will be exhausted by February 18. Abkhazia's only major hydroelectric power station has been shut down due to low reservoir water levels, and the government is unable to prevent crypto miners from continuing to operate large-scale mining farms through legal loopholes. Residents believe that law enforcement agencies are aware of the locations and owners of the mining farms but have not taken effective measures. This has led to anger among the Russian public and media regarding Abkhazia's energy consumption, as Russian taxpayers have to foot the bill, while domestic electricity prices in Russia are also rising.Timur Dzhindzholiya, head of the electricity supplier Chernomorenergo, stated that according to "Abkhazia's current consumption rate," the "electricity supply from Russia" can only "last until February 18." It is impossible to "extend" the emergency electricity supply for a "long time." Therefore, the provider has decided to extend the existing rolling blackout plan to six hours a day.

ChainCatcher news, according to the 2024 annual report released by TokenPocket, the total number of global users has exceeded 30 million, covering over 200 countries and regions, with active user groups in the United States, Nigeria, India, Indonesia, and Turkey. Emerging markets such as Africa and Latin America are experiencing strong user growth.In 2024, TokenPocket continues to expand its wallet services, deeply supporting 9 public chain ecosystems and launching over 1,000 popular DApps. The newly upgraded TRON energy leasing service has saved users over 8 million dollars in on-chain miner fees. At the same time, TokenPocket is deeply engaged in the Meme ecosystem and the AI track, creating a mainstream wallet that integrates market data, trading, and information, providing users with a more efficient and convenient blockchain experience.TokenPocket is actively promoting its global layout, collaborating with Hong Kong's fully licensed platform, Victory Securities, to provide a smooth and reliable experience for ETF investors listed in Hong Kong. Meanwhile, in February, it obtained the US FinCEN MSB license, in May it settled in Hong Kong's Cyberport to establish an Asia-Pacific operations center, and in October it officially launched the TP Card to create a seamless payment experience.In the security field, TokenPocket has blocked over 500,000 fraudulent websites, marked over 300,000 risky addresses, provided 80 million token detection services and 120 million authorization detection services, helping users recover losses exceeding 3 million dollars. Throughout the year, it cleared over 5,000 fake official websites and over 600 fake wallet applications.The KeyPal hardware wallet has added support for the Taproot and Schnorr signature protocols, providing stronger protection for user asset security and transaction privacy. It has also appeared at globally renowned Web3 exhibitions in Dubai, Hong Kong, and more, significantly enhancing brand influence.In 2025, TokenPocket will continue to optimize user experience, promote the construction of a global payment network, and launch more intelligent services to create a safe and convenient blockchain interaction experience for global users.It is reported that the TokenPocket wallet product series includes mobile wallets, plugin wallets, and KeyPal hardware wallets, building a full range of wallet product services for users. With the TokenPocket wallet, users can easily connect to over 1,000 networks, tens of thousands of DApp applications, and the one-stop decentralized trading and market services provided by TokenPocket.

ChainCatcher news, according to Cointelegraph, in December, the purchase volume of Bitcoin spot ETFs reached 51,500 BTC, while the monthly production of miners was only 13,850 BTC, indicating that the demand for Bitcoin spot ETFs exceeds the supply by about 272%.Cryptocurrency researcher Vivek stated that a supply shock is imminent after observing that the balances on Bitcoin trading platforms have dropped to a new low.

ChainCatcher news, according to the latest report from Bitfinex, as Bitcoin recently hit a historic high of over $104,000, the market continues to maintain strong momentum. While a deeper correction may still occur in the first quarter of 2025, the general tightening of supply and the bullish sentiment among miners suggest that Bitcoin is expected to rise further in the medium term. The liquidity stock ratio (used to track how long the existing supply can meet demand) has dropped from 41 months in October to just 6.6 months, indicating that the available Bitcoin liquidity is tightening rapidly, especially during the strong rebounds in the first and fourth quarters of 2024.Bitcoin miners are historically significant sellers during halving periods, but since April 2024, they have also slowed the flow of BTC to exchanges. As miners operate without realizing substantial profits and hold onto BTC instead of selling, the flow of miners to exchanges is at its lowest level in years. The overall selling pressure from miners, long-term holders, and other groups has significantly eased, and the reduced supply entering the market has mitigated the impact of recent adjustments.

ChainCatcher 消息，比特币挖矿哈希价格与 30 天前相比有所下降。当时，该指标徘徊在每 PH/s 61.78 美元左右，而当前为 55.57 美元。与此同时，比特币算力同期升至超过 805 EH/s 的历史新高。 根据 The Block 的数据，尽管哈希价格有所下降，但 12 月份的挖矿收入已经超过了 11 月（12.1 亿美元，其中 3873 万美元来自链上费用）。本月迄今为止，比特币矿工的收入为 13.3 亿美元。

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."