ChainCatcher news, according to CNBC, Elon Musk stated on Tuesday that as the technology industry builds increasingly large data centers, the development of artificial intelligence may face power production bottlenecks from mid-next year to the end of the year. Musk revealed that his AI startup xAI is constructing a gigawatt-level data center outside Memphis, Tennessee, with a power output equivalent to that of the average nuclear power plant in the United States. He pointed out that AI expansion faces three major limitations: chips, transformers, and power generation capacity.Google warned as early as February this year that the U.S. is facing a power capacity crisis and has begun exploring nuclear energy solutions. Musk also compared that China's power production is "taking off like a rocket," while the U.S. is "staying steady," highlighting the gap between the two countries in the competition for AI infrastructure.

ChainCatcher news, according to Decrypt, the Malaysian national energy company (Tenaga Nasional Berhad) issued a statement on May 12, 2025, stating that from 2018 to 2024, the number of electricity theft cases related to illegal cryptocurrency mining in the country surged from 610 to 2,397, an increase of 300%. These acts of stealing subsidized electricity by tampering with meters have severely impacted grid stability and resulted in losses of hundreds of millions of dollars for the company.Recently, Malaysian authorities launched a nationwide joint law enforcement operation, seizing multiple illegal mining cases, including a raid in Bandar Alam City where 45 Bitcoin mining machines were confiscated. To address this issue, the energy company has deployed a smart meter network to monitor abnormal electricity usage in real-time, and under the Electricity Supply Act, illegal activities can be punished with up to 10 years in prison or fines of $212,000.Data shows that some property owners received electricity bills as high as $278,400 due to tenants setting up mining machines. Similar situations have also occurred in countries like Kuwait, where over 1,000 illegal mining sites were shut down last month, and this week, investigations were launched against 116 individuals. These activities have led to a sudden increase in pressure on the local grid and caused widespread power outages.

ChainCatcher news, according to Fortune magazine, the crypto company Unto Labs, founded by former Jump Crypto employees, has completed a $14.4 million funding round, led by Framework Ventures and Electric Capital, with a valuation of $140 million.Heeger is developing its own virtual machine ThruVM for the planned Unto blockchain, which will use RISC-V. Unto Labs aims to use this funding round to hire more employees, hoping to expand the team size from 5 to 10 by the end of the year.

According to ChainCatcher news reported by Decrypt, Polygon has partnered with sustainable infrastructure startup Pyse to launch a tokenized electric delivery fleet project in Dubai. The project anchors vehicle ownership and real-time data collection on the blockchain. Each electric motorcycle is equipped with Pyse's proprietary decentralized physical infrastructure mining machine (DMM), which collects urban data such as air quality, road wear, and noise pollution during daily deliveries.The project is currently operational in the UAE and plans to enter the Indian electric vehicle market. Pyse co-founder Harshit Garg stated that India's B2B electric vehicle and last-mile logistics market is fragmented and underfunded, and a blockchain-based model can help operators access more financing channels. The project combines a model supported by physical assets with decentralized data incentives, allowing participants to earn returns from both asset and data outputs.

ChainCatcher news, according to Fortune, new documents required to be submitted by investment advisors under the U.S. Securities and Exchange Commission (SEC) regulations show the assets under management (AUM) of various companies.From 2023 to 2024, based on the financial disclosure data of the six largest crypto venture capital firms: Electric Capital, Pantera Capital, Haun Ventures, Multicoin Capital, Polychain Capital, and Paradigm. Their AUM has all grown by more than 10%, with Electric and Multicoin both exceeding 50% growth.

According to ChainCatcher news reported by Decrypt, U.S. Senator Ted Cruz from Texas officially introduced the "Facilitate Lower Atmospheric Released Emissions" (FLARE) Act on March 31, aimed at converting wasted natural gas that would otherwise be flared or vented into electricity for Bitcoin mining.The bill will provide full tax deductions for companies that capture wasted natural gas, while restricting participation from countries such as China, Iran, North Korea, and Russia in related activities. Cruz stated that this initiative would not only improve energy market efficiency and enhance grid resilience but also help Texas become the "preferred location for Bitcoin mining."Experts in the energy sector believe that Bitcoin miners can reduce greenhouse gas emissions in this way while converting wasted energy into valuable digital assets, achieving a win-win for both the economy and the environment.

ChainCatcher news, according to Decrypt, the Solana ecosystem's decentralized electric vehicle charging network DeCharge has completed a $2.5 million seed round financing, led by Lemniscap, with participation from Colosseum, Daedalus Angels, EV3 Labs, Echo Fundraiser Chainyoda Jedis, Levitate Labs, and several angel investors.DeCharge's future plans also include launching a fully tokenized DeCharge energy market, aimed at enabling electric vehicle owners, businesses, and grid operators to participate in a self-sufficient energy economy.

ChainCatcher news, according to Cointelegraph, Belarusian President Alexander Lukashenko has instructed the newly appointed Minister of Energy to start developing the country's cryptocurrency mining industry to make full use of surplus electricity resources. This decision comes as Lukashenko is forming a new government, and he emphasized that the current priority is to upgrade the national 5,700 kilometers of power grid to meet the growing electricity demands of households and economic activities.

ChainCatcher news, F2pool's online data shows that with the Bitcoin price at approximately $84,803, over half of the mainstream Bitcoin mining machines are at the shutdown price edge or are already operating at a loss. Among 135 mainstream mining machines, 68 machines (about 50.4%) have a daily net profit that is negative, meaning these devices can no longer be profitable at the current electricity price ($0.06 per kWh).Among the 67 machines that still have profit potential, 16 machines have electricity costs exceeding 60%, with the Shennong M33S+ and Shennong M30S+ having electricity cost ratios as high as 99%, and the Antminer S19's electricity cost ratio reaching 100%, at the breakeven point.The latest generation of mining machines, such as the Antminer S21 XP water-cooled version, has an electricity cost ratio of only 35%, with a daily net profit of $15.12, and a shutdown coin price of only $29,757, making it the most resilient mining machine in the market. Following closely are the Antminer S21e XP water-cooled version (shutdown coin price $32,237) and Teraflux AI3680 (shutdown coin price $37,197).

ChainCatcher news, according to official sources, cryptocurrency asset management company Bitwise has completed a $70 million financing round, with participation from Electric Capital, MassMutual, MIT Investment Management Company, Highland Capital, Haun Ventures, ParaFi Capital, and others, continuing to advance its position as a leading cryptocurrency asset management firm.Currently, Bitwise manages $12 billion in client assets, has over 100 employees, and offers more than 30 investment solutions. The company plans to continue expanding its team and launching new products.

ChainCatcher news, according to TASS, Aisen Nikolaev, chairman of the Russian State Duma Energy Committee, has proposed plans to establish dedicated power plants for cryptocurrency mining activities. These power plants will specifically serve the cryptocurrency mining community and will not connect to the public power grid.Nikolaev stated that the State Duma Energy Committee is in communication with the Ministry of Energy regarding cryptocurrency mining issues. He believes that innovative solutions will emerge in the near future, allowing Moscow to develop its cryptocurrency mining business while protecting the interests of the public. It is reported that the electricity used for mining in some regions of Russia has already reached an "out of control" state, leading to capacity shortages and affecting the power supply quality for residents and businesses.

ChainCatcher news, according to official news from InfiniFi, the project has completed a $3 million pre-seed funding round. This round was led by Electric Capital, with participation from institutions such as New Form Capital, Kraynos Capital, and Baboon VC. InfiniFi plans to launch a dollar-pegged Deposit Receipt Token (DRT) in the second quarter of 2025 and will integrate with protocols such as AAVE, Pendle, and Ethena.

ChainCatcher news, Electric Capital partner Avichal stated on social media that the "golden age" of software engineers in San Francisco has come to an end. From 2000 to 2020, software engineers were the epitome of high-paying professions, but with over 100,000 layoffs in the tech industry by 2024, the globalization of remote work, and the rapid development of AI technology, the wealth trajectory of this profession has fundamentally changed. He compared the rise of ChatGPT to the "2008 moment" in the software engineering field, which altered the market landscape.However, Avichal pointed out that this is not all bad news. The future will be an era of small, efficient teams, and AI-driven efficiency gains will give rise to more billion-dollar companies built by teams of 10. AI-first companies will dominate the market, and designers, product managers, and domain experts will have unprecedented influence, driving the rise of a new generation of entrepreneurs.He predicts that as the cost of software production continues to decrease, the enterprise software industry will undergo profound changes, and the "easy money" era for ordinary software engineers has ended, while a new "gold rush" in San Francisco has quietly begun.

ChainCatcher news, according to Jiangxi Daily, recently, the Criminal Investigation Team of the Yongfeng County Public Security Bureau in Jiangxi Province, in conjunction with the Municipal Public Security Bureau's Criminal Investigation Detachment, successfully dismantled a money laundering gang that used virtual currency for "electric fraud scoring."Since late January this year, the suspects Liang Mouyong, Zeng Mou, and Zhang Mouyong formed a "electric fraud scoring" team for profit, gradually recruiting others and developing a network. Liang Mouyong was responsible for using "paper**" overseas chat software to contact fraudsters for orders, while Zeng Mou and Zhang Mouyong were responsible for finding card farmers, collecting more than 10 bank accounts through borrowing and inducement, which were used to receive illegal funds. After the illegal funds were received, they were converted into virtual currency to achieve the purpose of money laundering. From January 24 to February 3, the gang transferred over 100,000 yuan.Currently, Liang Mouyong, Zeng Mou, and 6 others have been criminally detained by the public security organs according to the law, while Wen Moubo and Gao Moubing have been administratively punished by the public security organs according to the law. The case is still under further investigation.

ChainCatcher news, according to Protos, the Thai government cut off electricity, internet, and fuel supplies in the Thai-Myanmar border area at 9 AM on February 5 (10 AM Beijing time) to combat local cryptocurrency scam centers. This operation involved five service providers in the regions of Myawaddy, Payathonzu, and Tachilek.According to investigations, the KK Park scam center located in Myawaddy is suspected of defrauding $100 million worth of USDT through a "pig butchering" scheme. In 2023, Myanmar authorities rescued 1,200 imprisoned individuals in the area. This power cut operation is an important measure taken by the Thai government in response to pressure from China, following concerns raised by Chinese actors who were scammed in the region.Thai Prime Minister Prayuth Chan-o-cha stated that scam activities severely affect Thailand's national image and that strict measures need to be taken. Although the power cut will impact local residents and the normal operation of hospitals, the Thai Ministry of Foreign Affairs stated that relevant communities had been notified in advance.

ChainCatcher news, mining company Stronghold Digital has violated energy market rules while prioritizing its Bitcoin mining business, agreeing to pay over $1.4 million in fines and refunds.Stronghold has a contractual obligation to provide available power to the PJM grid to help ensure the reliability of the grid. However, the Federal Energy Regulatory Commission's enforcement office found that Stronghold failed to meet this obligation from June 2021 to May 2022, instead diverting power to its Bitcoin mining operations.Stronghold and Scrubgrass will repay PJM $678,635 in improperly earned capacity revenue and pay a civil penalty of $741,365 to the U.S. Treasury. The company must also submit compliance reports for at least two years and provide market rules training for its personnel.

ChainCatcher news, according to TASS, in 2024, experts from Rosseti North Caucasus branch, together with law enforcement agencies, stopped 6 cases of electricity theft from mining sites. The total amount of stolen energy was nearly 3.5 million kilowatt-hours. In terms of losses caused to the regional power grid complex, the losses exceeded 30 million rubles.

ChainCatcher news, according to Cointelegraph, the clean energy electric vehicle charging technology company Nuvve, which is listed on Nasdaq, stated that it plans to use up to 30% of its remaining cash to purchase Bitcoin "based on its expected six months of operating expenses."Nuvve indicated that increasing its Bitcoin holdings would diversify its treasury assets, aligning with its goal of offering Bitcoin payment options.However, according to Google Finance data, on January 28, Nuvve (NVVE) closed up 1.81% at $2.81, down from an intraday high of over $4, but rose 1.42% in after-hours trading to $2.85.