Crypto Digest: Bitcoin Correction, Solo Miner Block, Ethereum Energy
A roundup of today's crypto news: Bitcoin's correction tied to Japan's debt market, a solo miner mined a block with $150 hardware, Cambridge Centre updates Ethereum energy consumption post-Merge, plus QCP's market outlook, SBI's stablecoin lending, and more.
Today's crypto news features several key developments. An analyst attributed Bitcoin's price correction to the Japanese debt market. Separately, a solo miner successfully mined a Bitcoin block using only $150 worth of equipment. The Cambridge Centre for Alternative Finance released post-Merge energy consumption data for Ethereum, showing a significant reduction.
In market sentiment, QCP Capital observed that the crypto market is paused ahead of US CPI data and Fed hearings. Bitcoin miners have rejected the BIP-110 fork proposal. Meanwhile, SBI Group announced it will launch lending for its JPYSC stablecoin at 3% APR. A report predicts AI freelancers could channel $262 billion into stablecoins by 2033. Additionally, Chinese authorities proposed classifying the use of crypto mixers as evidence of money laundering.
Source: ForkLog