On September 25, AMBCrypto reported that as mining profits shrink, Bitcoin mining companies are reallocating resources towards AI data centers and high-performance computing (HPC) hosting, leading to changes in the industry landscape. According to Hashrate Index data, hash prices are approaching $33 per PH/s, with network computing power exceeding 1000 EH/s and unit profitability continuing to decline. CoinShares estimates that the annualized return on AI computing power leasing is approximately $1.5 million per megawatt, three times that of Bitcoin mining (around $500,000 per megawatt). Core Scientific has paid approximately $42 million to cancel orders for next-generation mining machines, while Keel (formerly Bitfarms) and Cipher have sold part of their BTC reserves to finance AI development. IREN plans to cease mining by December 2026; CoinShares anticipates that 35 EH/s of computing power will exit listed mining companies by the end of the year. In terms of stock prices, Core Scientific (CORZ) is around $16.54, reflecting an approximately 90% year-on-year increase.
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Bitcoin Miners Shift Focus to AI and HPC Amid Mining Profit Pressure
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BTC Falls Below $82,000
Market data shows that BTC has fallen below $82,000, currently priced at $81,984.48, with a 24-hour decline of 2.01%. The market is experiencing significant volatility, so please ensure proper risk management. -
BTC Drops Below $83,000
Market data shows that BTC has fallen below $83,000, currently priced at $83,015.81, with a 24-hour decline of 0.46%. The market is experiencing significant volatility, so please ensure proper risk management. -
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Market data shows that ETH has surpassed $2500, currently priced at $2500.4, with a 24-hour decline of 0.23%. The market is experiencing significant volatility, so please ensure proper risk management. -
Standard Chartered Launches Cryptocurrency Trading Service in UAE for High-Net-Worth Clients
On October 14, Standard Chartered announced the launch of a cryptocurrency trading service in the UAE aimed at high-net-worth clients, having obtained the relevant license from the Dubai Virtual Assets Regulatory Authority (VARA). Eligible clients can buy and sell BTC and ETH directly through their existing Standard Chartered accounts without the need for independent wallets or third-party trading platforms, with the bank responsible for asset custody and transaction settlement. This service is launched in partnership with Zodia Markets and is initially available only to professional investors in the UAE, with plans to expand to other markets in the future. Standard Chartered stated that this is the first direct cryptocurrency trading service offered to wealth management clients and the first of its kind by an international bank in the UAE. -
US Spot Bitcoin ETF Sees Net Inflow of $175.7 Million Yesterday
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US Spot Ethereum ETF Sees Net Inflow of $24.8 Million Yesterday
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Solana to Launch Alpenglow Upgrade on October 21, Aiming for 150 Milliseconds Transaction Finality
On October 14, Solana announced that the Alpenglow upgrade will officially activate on October 21 at approximately 14:50 UTC. This upgrade will replace the existing TowerBFT consensus with the Votor consensus. After the upgrade, the median transaction finality time is expected to be around 150 milliseconds, compared to the current value of approximately 12.8 seconds. The upgrade supports single-slot migration without the need for node restarts; it will also remove validator voting information from blocks, reducing operational costs. Even if the actual on-chain usage remains unchanged, statistics indicate that the total number of transactions reported is likely to decrease significantly. The current price of SOL is around $107, and there has not been a noticeable market reaction yet. From a narrative perspective, this upgrade is beneficial for Solana's speed and scalability story; however, Solana has experienced multiple network outages in the past, and this upgrade carries execution risks, serving as a potential warning signal. -
South Korea Plans to Release Cryptocurrency Tax Guidelines Next Month
On October 14, according to Yonhap News Agency, South Korea plans to release cryptocurrency tax guidelines next month in preparation for the cryptocurrency taxation policy set to be implemented in January 2027. Local traders in South Korea have been petitioning for a delay in the implementation of the tax policy, citing that the current regulations are not clear enough and the supporting infrastructure is still not fully developed. -
Michael Saylor: New Bull Market Has Started, Bitcoin Expected to Surpass $100,000 Again
On October 14, Michael Saylor, co-founder and Executive Chairman of Strategy, stated in an interview that Bitcoin has rebounded from its bottom and is expected to break through $100,000 again. He believes that Bitcoin previously bottomed out just below $60,000 and has now risen to the $80,000 range, with further increases anticipated. Saylor noted that improvements in the regulatory environment and banks accelerating their adoption of Bitcoin are driving the market into a new bull phase. He expects that in the coming years, Bitcoin's long-term annualized growth rate will reach 20% to 30%, and Strategy may increase its Bitcoin purchases during the bull market and issue more securities to fund these acquisitions. Additionally, regarding MSCI's consideration to adjust index rules and potentially exclude companies primarily engaged in accumulating assets from global stock indices, Saylor expressed opposition, arguing that such a move could set a negative precedent for the digital asset industry. MSCI is expected to announce its decision this Friday. Last November, JPMorgan estimated that if Strategy were excluded, it could face a risk of up to $2.8 billion in capital outflows. -
Fed's Williams: One More Rate Hike This Year is Appropriate, No Need for Hikes in 2027
On October 14, Federal Reserve's Williams stated that one more rate hike this year is appropriate; currently, he believes there is no need for rate hikes in 2027. There are no signs that the labor market is driving inflation, and apart from the AI and energy sectors, no widespread price pressures are observed in other areas.
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