1. $132 million enters the crypto mining industry: What made Google choose TeraWulf?
On August 14, 2025, Bitcoin miner TeraWulf announced that it would lease computing resources to the AI cloud platform Fluidstack for $3.7 billion. Additionally, Google will provide an $1.8 billion lease obligation guarantee for Fluidstack and will receive warrants for approximately 8% equity in TeraWulf. Click to read
2. Expectations of interest rate cuts, DAT gaming, and market indicators: When will the bull market top emerge?
What signals will Federal Reserve Chairman Powell send at the Jackson Hole meeting (August 22, Thursday, US time), and how will the Fed 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 over the next decade.
Later this week, Bitwise will release an important new research report—the first (Bitwise Bitcoin Long-Term Capital Market Expectations). This report will use data to predict the return rate, volatility, and correlation of Bitcoin over the next decade. At the end of this memorandum, I will share a summary of our findings, but first, I want to tell a small story to illustrate why this report is so significant. Click to read
4. 90,000 ETH queued for unstaking: Is it a sell-off after a leverage collapse or a litmus test for Ethereum's maturity?
Recently, Ethereum experienced a rare wave of unstaking, with over 900,000 ETH queued for withdrawal, waiting to be unlocked, with the longest wait reaching 16 days. Meanwhile, the price of Ethereum has been in a decline for nearly a week after hitting a high of $4,789, dropping to just over $4,000. Click to read
5. How to calculate the real yield of BTC
As is well known, BTC is a zero-yield asset. Therefore, long-term holders of BTC typically can only focus on the appreciation of BTC itself. However, if your BTC position has had a compound annual growth rate (CAGR) of 30% over the past five years, does that represent the real yield of BTC? Below are some views from netizen @AdamBLiv and others, compiled by Chain, to share with readers. Click to read
