ChainCatcher news, according to Lookonchain monitoring, a newly created address spent 51.2 ETH ($97,700) yesterday to purchase the meme coin doginme.Today, after Coinbase added doginme to its roadmap, the price surged over 150%. This doginme is now worth $205,700, and in just one day, the unrealized profit reached $108,000 (+110%).

ChainCatcher news, according to CoinDesk, the average purchase price for Bitcoin buyers in 2024 is $65,901, with the market closing at around $93,000 on December 31, resulting in an average unrealized profit margin of about 40% for buyers in 2024.When the price of Bitcoin falls below the average purchase price from a previous period, it often marks a local bottom in price. This situation occurred once after the ETF launch in January 2024 and several times mid-year; monitoring the average cost of the group is a profitable trading strategy.Entering 2025, the average cost of Bitcoin is about $95,500, with buyers gaining a slim profit at the beginning of the year, and as of the time of writing, Bitcoin is around $96,000.

ChainCatcher news, JPMorgan's latest research report shows that the profitability of Bitcoin mining has fallen to historic lows.The report released on September 4, 2024, indicates that in August 2024, the average block reward income for Bitcoin miners was only $43,600 per EH/s (exahash per second), setting a new historical low, in stark contrast to the peak in November 2021. At that time, the price of Bitcoin was $60,000, the network hash rate was 161 EH/s, and the daily block reward income per EH/s reached $342,000.The report also reveals that the total market capitalization of the 14 U.S. listed mining companies tracked by JPMorgan decreased by 15% from the previous month to $20 billion. Only 3 mining companies performed better than Bitcoin. Meanwhile, the Bitcoin network hash rate has increased for the second consecutive month, averaging 631 EH/s in August, an increase of 16 EH/s from the previous month, and about 20 EH/s lower than pre-halving levels.

ChainCatcher news, according to Bloomberg, the sharp decline in cryptocurrency prices has led to the bankruptcy of companies like the FTX trading platform, with a large number of token assets trapped on the collapsed trading platforms. Crypto market makers will strive to reduce risks in the future, stating that this shift will erode profits.Crypto market liquidity providers Auros, GSR Markets Ltd., and Wintermute Trading Ltd. emphasized that they will diversify trading across more trading platforms in the future. They will also not store digital assets directly on centralized trading platforms, using them as collateral to borrow coins and then transfer them back to the trading platforms, with collateral held by custodians or prime brokers. If the exchange collapses, the collateral will be held by the custodian or prime broker.Auros stated that for the entire market-making industry, using intermediaries will lead to a 20% to 30% decrease in profit margins compared to directly depositing on trading platforms and trading with leverage.