ChainCatcher news, according to CoinDesk, research from investment bank Jefferies shows that Bitcoin mining profits declined in September, despite Bitcoin prices remaining relatively stable, while network hash rate increased by about 1.7%. The bank noted that the average daily revenue per Exahash fell by 2.6%.Additionally, October may be more challenging for miners; although Bitcoin prices rose by about 5%, the network hash rate grew by 11%, further pressuring earnings.The report also indicated that the share of mining by North American publicly listed companies increased from 19.9% in August to 22.2% in September, with Marathon Digital mining the most Bitcoin at 705 coins, followed by CleanSpark (CLSK), which mined 493 coins.

According to ChainCatcher news, based on information obtained from a former Binance employee and internal messages from Binance, the company has stopped providing benefits such as mobile reimbursements, fitness reimbursements, and work-from-home reimbursements since June 19. The internal message stated: "Considering the current market environment, along with the regulatory atmosphere leading to a decline in profits, we must be more cautious with our spending." The message also indicated that there may be more cost-cutting measures.ChainCatcher previously reported that Binance has informed internal teams to halt hiring and further layoffs are expected.