1.32 billion dollars entering the crypto mining industry: What made Google choose TeraWulf
On August 14, 2025, Bitcoin miner TeraWulf announced it would lease computing resources to the AI cloud platform Fluidstack for $3.7 billion. Additionally, Google will provide an $1.8 billion leasing obligation guarantee for Fluidstack and will receive warrants for about 8% equity in TeraWulf. Click to read.
2. Interest rate cut expectations, DAT games, and market indicators: When will the bull market peak emerge?
Federal Reserve Chairman Powell sent signals at the Jackson Hole meeting (August 22, US time, Thursday), and how the Federal Reserve will determine interest rates at the FOMC meeting on September 16-17. Click to read.
3. Bitwise: BTC will still be the best-performing asset globally in the next 10 years
Later this week, Bitwise will release an important new research report—its first (Bitwise Bitcoin Long-Term Capital Market Expectations). This report will predict Bitcoin's return rate, volatility, and correlation over the next ten years based on data. At the end of this memo, I will share a summary of our research findings, but first, I want to tell a little story to illustrate why this report is so important. Click to read.
4. 90,000 ETH queued for unstaking: Is it a sell-off after leveraged collapse or a litmus test for Ethereum's maturity?
Recently, Ethereum experienced an unprecedented wave of unstaking, with over 900,000 ETH queued to exit, waiting to be unlocked, with the longest wait reaching 16 days. Moreover, Ethereum's price has been dropping for nearly a week after hitting a high of $4,789, dipping to just above $4,000. Click to read.
5. How to calculate the real return rate of BTC
As we all know, BTC is a zero-yield asset. Therefore, long-term holders who hoard BTC usually can only focus on the price increase of BTC itself. However, if your BTC position has a compound annual growth rate (CAGR) of 30% over the past five years, does that represent the real return rate of BTC? Here are some opinions from internet users like @AdamBLiv, compiled by the chain editor for your reading pleasure. Click to read.
