ChainCatcher message, Zhu Su posted on social media stating that a subtle view on why crypto venture capital funds infrastructure instead of applications is that good applications do not need venture capital (especially large party rounds) because they can achieve net profit very quickly and have lower building costs.

ChainCatcher news, Sonic Labs (formerly Fantom) co-founder Andre Cronje tweeted: "Investors and businesses want to achieve centralization. Decentralized profitability is difficult and challenging. In the future, we will see many DApps become L2, and eventually (when they get tired of managing) decentralize and become L1. Just as many L1s will become L2 until they need to decentralize and become L1 again. Let the fragmentation continue. Compared to all the technical concepts I've learned, I believe monolithic technology is the winner."

ChainCatcher news, according to CoinDesk, JPMorgan Chase (JPM) stated in a research report on Tuesday that Bitcoin (BTC) prices and network hash rates saw a slight increase in September, while daily mining revenue and gross profit declined for the third consecutive month.Data shows that the hash rate has increased for the third consecutive month, rising by 2% from August to reach 643 EH/s. JPMorgan estimates that the daily block reward gross profit in September decreased by 6% month-over-month to $16,100 per EH/s (gross margin of 38.4%), marking the lowest point in recent times.

ChainCatcher news, ZA Bank's acting CEO Wu Zhonghao stated that the expansion of the customer base has led to operational efficiencies, resulting in revenue growth. Additionally, about a year and a half ago, the bank adjusted its business strategy, no longer relying solely on high-interest deposits to attract customers, which contributed to achieving monthly profitability in July this year, making it the first virtual bank to successfully achieve monthly profits.Given that the market conditions remain unclear, Wu Zhonghao is not yet willing to assert whether profitability can be maintained in the second half of the year, but he is confident in achieving sustainable profitability in the long term.

ChainCatcher message, according to CoinDesk, JPMorgan (JPM) stated in a research report on Friday that Bitcoin (BTC) mining stocks gave back gains related to artificial intelligence (AI) in the first two weeks of August, as the network hash rate increased, causing mining profitability to drop to historic lows.

ChainCatcher news, according to Bitcoin.com, the National Electricity Administration of Paraguay (ANDE) has increased electricity rates for cryptocurrency mining operators by 14%, impacting the profitability of cryptocurrency mining operators. Due to the lack of transparency in the region, this price increase has already led to the withdrawal of a company that planned to invest over $400 million in the country.

ChainCatcher news, according to Bloomberg, GameStop CEO Ryan Cohen stated at the annual shareholders' meeting on Monday that he is focused on making the struggling video game retailer profitable and plans to avoid extreme stock price fluctuations caused by "hype." Cohen emphasized that revenue without profit and future cash flow prospects is meaningless to shareholders, and he plans to reduce the store network while expanding the variety of high-value products.Notably, the return of meme stock trader Keith Gill and mysterious posts drove GameStop's stock price to surge 167% for a time, adding $11 billion to its market value. However, the stock price fell 13% on Monday afternoon. Game industry analysts pointed out that GameStop's challenge lies in how to maintain profitability while scaling back its store operations and finding new growth points to offset declining sales.

ChainCatcher news, according to Cointelegraph, on May 1, the total revenue from block rewards and transaction fees hit a new low of $26.3 million.CryptoQuant CEO Ki Young Ju calculated that under current conditions, Bitcoin needs to stay above $80,000 to remain profitable for mining after the halving. Most miners are choosing to take proactive measures to upgrade their mining equipment to reduce long-term operating costs while staying competitive.

ChainCatcher news, Telegram users have reached 900 million, and the company is approaching profitability, paving the way for a potential large-scale stock market listing. Telegram's founder Pavel Durov revealed in an interview with the Financial Times that since introducing advertising and premium subscription services two years ago, the Dubai-based social media app has become one of the most popular social media platforms globally, with revenue reaching "hundreds of millions." Durov stated, "We hope to achieve profitability this year or next." This is his first public interview since 2017.Durov also mentioned that despite receiving offers from potential investors, including the "Global Late Stage Technology Fund," valuing the company at over $30 billion, he ruled out the possibility of selling the platform while exploring a future initial public offering (IPO).Durov emphasized that the main reason for launching a profitability model is to maintain independence and believes that an IPO, as a means, can achieve democratic access to Telegram's value.

ChainCatcher news, The Block's Vice President Larry Cermak tweeted that he will be promoted to the position of CEO of The Block. Meanwhile, Wintermute's founder and CEO Evgeny Gaevoy is joining The Block's board.Larry Cermak stated that the current environment of the crypto market is very different from five years ago, and The Block needs to adjust to adapt more quickly to market fluctuations. His current goal is to guide The Block towards profitability, focusing on revenue generation and streamlining its workforce. The Block will continue to invest heavily in research, data, and news to ensure the provision of high-quality content. (source link)

ChainCatcher news, 1inch Network has launched the Fusion upgrade for the 1inch Swap Engine. The 1inch Swap Engine serves as a decentralized trading and matching system that connects DeFi users and provides liquidity for crypto trading through professional market makers. The Fusion upgrade aims to offer cryptocurrency investors a cost-effective, secure, and profitable swap.It is reported that the Fusion mode in the 1inch Swap Engine allows DeFi investors to place orders at predetermined prices and time ranges without incurring network fees. Additionally, the upgrade includes network improvements such as updated staking contracts and token economics. (Source link)