ChainCatcher news, according to crowdfundinsider, Coin Metrics released a report analyzing the current state of the Bitcoin mining market, which pointed out that since the Bitcoin halving in April, Bitcoin mining profit margins have been under pressure due to stagnant BTC prices and a sluggish fee market, although short-term on-chain congestion has alleviated some revenue pressure. On April 20, the Bitcoin block reward was reduced from 6.25 BTC to 3.125 BTC, and the hype around runes gradually faded in the following weeks, making May and June very difficult months for miners.The Coin Metrics report also mentioned that Bitcoin mining companies are about to enter an era of consolidation, where well-funded miners will acquire the assets of less efficient operators. Coin Metrics concluded that "to survive the impacts of efficiency improvements and competitive pressures, mining companies must look to the future, while the long-term trend of BTC prices remains an unpredictable input for a highly capital-intensive business model."

ChainCatcher news, the crypto data company Coin Metrics announced the completion of a new funding round of $6.7 million. According to the email, the funds come from a new investor who wishes to remain undisclosed, and the capital was raised through the sale of equity as well as a class of assets that includes options, warrants, and other rights to purchase other securities.According to the crypto data platform RootData, Coin Metrics provides network and market data, indices, and network risk solutions for institutions investing in cryptocurrencies. The company last raised funds in April 2022 during a Series C round, securing $35 million.Coin Metrics was founded in 2017, and its board includes venture capitalist Nic Carter, Matthew Walsh of Castle Island Ventures, Goldman Sachs Managing Director Mathew McDermott, and Katey Neate, Chief Operating Officer of Digital Assets at BNY Mellon.

ChainCatcher news, according to CNBC, Goldman Sachs will launch a data service called Datonomy, created in collaboration with global index provider MSCI and crypto data company Coin Metrics, aimed at classifying hundreds of digital currencies so that institutional investors can understand this new asset class. This new service can be accessed through a subscription or via Marquee (Goldman's digital store for institutional investors).The three companies will categorize digital assets based on the way tokens are used, classifying them by category, industry, and sub-industry. Users can utilize the data sources to assist in analysis and research, as well as establish performance benchmarks, manage portfolios, or create investment products based on industries including DeFi, the metaverse, smart contract platforms, or value transfer tokens. (Source link)