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, the governance token MBC of the European crypto mining farm Miners.Club will officially launch on PancakeSwap on January 10, 2025, at 4 PM.It is reported that the crypto mining farm has invested over 300 million USD since 2019, building over 19.2 EH/S of real computing power, providing computing power to Binance and BitFuFu for many years. MBC, as the governance token of its computing power RWA trading ecosystem, aims to promote the decentralized circulation of real computing power, benefiting community users with mining rewards in an equitable manner.

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 The Block, GoMining provides a way for retail users to earn Bitcoin rewards by tokenizing actual Bitcoin mining power, and the company is expanding to Solana.The company announced on Tuesday that its platform GOMINING utility token is set to add the Solana ecosystem ahead of the NFT launch on Magic Eden later this month, and will also be traded as an SPL token on Solana DEX.

ChainCatcher news, according to CoinDesk, Bitfinex analysts indicate that the Bitcoin miners' Net Unrealized Profit and Loss (NUPL) remains very optimistic, hovering around 0.5, which suggests that miners are still in a strong position, holding substantial unrealized profits, and are inclined to hold onto their Bitcoin at this stage.In the broader market, some traders are attempting to buy December 2025 ETH call options at prices as high as $11,000.

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 news, automotive trading service provider Cango entered the Bitcoin mining sector in November, investing $400 million to acquire 50 EH/s of computing power, immediately becoming one of the largest miners in the world. The current Bitcoin hash rate hovers around 823 EH/s, and once Cango's 50 EH/s is fully online, it will contribute approximately 6% of the hash rate behind Bitcoin. For reference, the largest publicly listed miner, MARA Holdings (MARA), has slightly over 47 EH/s, while the second largest, CleanSpark (CLSK), and Riot Platforms (RIOT) have 32 EH/s and 26 EH/s, respectively.Cango's Senior Communications Director, Juliet Ye, stated, "I think this is surprising for people in the (Bitcoin mining) industry because no one had heard of Cango before, but Cango's history is one of adaptation. Since the company was founded in 2010, we have ventured into different fields at least two to three times."Acquiring such a large Bitcoin mining hash rate is not cheap. Cango purchased the first batch of 32 EH/s of computing power from Bitcoin mining manufacturer Bitmain for $256 million in cash and will issue $144 million worth of stock for the remaining 18 EH/s.

ChainCatcher news, Bitget announced that it will launch Cat Gold Miner (CATGOLD) on the pre-market trading platform today at 17:00.Start time: December 30, 2024, 17:00 (UTC+8)End time: January 9, 2025, 17:30 (UTC+8)Spot trading time: January 9, 2025, 18:00 (UTC+8)Delivery time: January 9, 2025, 19:00 (UTC+8)Pre-market trading pair: CATGOLD / USDT

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 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, the decentralized protocol Prosper announced the acquisition of over 7,000 ASIC miners from Bitmain. Prosper aims to expand its underlying Bitcoin hash rate capacity to accelerate the hash rate owned by the DAO and democratize access to institutional-grade mining.

ChainCatcher news, according to official information, the number of N3 Edge V1 miners online globally has surpassed 6,000, marking a further expansion of Network3 in the field of decentralized storage and computing. This milestone reflects the high recognition of N3 Edge V1 by users and its core position in distributed storage and the Web3 ecosystem.N3 Edge V1 not only has powerful distributed storage and cross-device file management capabilities but also enables edge computing on local devices through AI, providing users with mining rewards. As an important node in promoting the construction of decentralized networks, the widespread application of N3 Edge V1 further consolidates Network3's leading position in global decentralized infrastructure.Network3 has secured $5.5 million in investment, with investors including top institutions such as Borderless, EV3 Labs, IoTeX Eco Fund, Mask Network, Bing Venture, Waterdrip Capital, SNZ, and Candaq. The team is actively expanding the influence of Network3, with plans to launch N3E point redemption and staking activities, and a TGE will be conducted soon.

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, according to Coindesk, Daniel Roberts, co-CEO and co-founder of the Sydney-based Bitcoin miner IREN, stated that a hyperscale company (large cloud service provider) has contacted the company, potentially to host AI infrastructure at IREN's mining facility in Sweetwater, Texas.He said, "Two hours ago, we received an email from a trillion-dollar hyperscale company expressing interest in Sweetwater," Roberts did not disclose many details.In addition, IREN's cost of mining Bitcoin is approximately $29,000, significantly lower than the market price of about $96,000. Daniel Roberts stated that compared to other companies paying spot prices, the company has the opportunity to accumulate Bitcoin at a discounted rate.