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🔻The mining company Riot ended the quarter with a loss of nearly $300 million
🧮 In the first quarter of 2025, the mining company Riot Platforms mined 1,530 BTC, 12% more than the previous year. The average cost of mining for the year nearly doubled, reaching $43,808 per 1 BTC. The company attributed the increase in costs to the consequences of halving in April 2024 and a 41% increase in network difficulty over the year.
As of the end of March, Riot had 19,223 BTC on its balance sheet.
Despite the increase in production and the doubling of total revenue to $161.4 million, Riot recorded a net loss of $296.4 million (compared to a profit of $211.8 million a year earlier). In addition to the effects of halving, Riot's loss is explained by equipment depreciation, infrastructure and data center expenses, as well as legal costs.
The company stated that the revenue growth is mainly driven by mining; however, Riot continues its strategic pivot towards infrastructure for AI and high-performance computing. For these purposes, a new technology park in Texas is being utilized, where Riot is expanding the area, improving network connectivity, and building a 1 GW substation, which is expected to be launched in early 2026.
In the photo, the company's data center with a capacity of 700 MW in Texas 🔋
🧮 In the first quarter of 2025, the mining company Riot Platforms mined 1,530 BTC, 12% more than the previous year. The average cost of mining for the year nearly doubled, reaching $43,808 per 1 BTC. The company attributed the increase in costs to the consequences of halving in April 2024 and a 41% increase in network difficulty over the year.
As of the end of March, Riot had 19,223 BTC on its balance sheet.
Despite the increase in production and the doubling of total revenue to $161.4 million, Riot recorded a net loss of $296.4 million (compared to a profit of $211.8 million a year earlier). In addition to the effects of halving, Riot's loss is explained by equipment depreciation, infrastructure and data center expenses, as well as legal costs.
The company stated that the revenue growth is mainly driven by mining; however, Riot continues its strategic pivot towards infrastructure for AI and high-performance computing. For these purposes, a new technology park in Texas is being utilized, where Riot is expanding the area, improving network connectivity, and building a 1 GW substation, which is expected to be launched in early 2026.
In the photo, the company's data center with a capacity of 700 MW in Texas 🔋
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🤑 Trader Peter Brandt predicts BTC will rise to $125-150k by August/September 2025.
This will be the peak of the bull cycle, and after it, there will be a correction of more than 50%.
At Bitwise, they believe that BTC will reach $200k by the end of the year 💵
This will be the peak of the bull cycle, and after it, there will be a correction of more than 50%.
At Bitwise, they believe that BTC will reach $200k by the end of the year 💵
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👨💻 According to the well-known crypto detective ZachXBT, around 11 hours ago a BTC wallet was hacked and approximately 3520 BTC, or $330.7 million, was stolen.
After the hack, the hackers began laundering the money and sent part of the funds to 6 different exchanges to purchase Monero, thereby pumping the coin's price by 50% at the moment.
After the hack, the hackers began laundering the money and sent part of the funds to 6 different exchanges to purchase Monero, thereby pumping the coin's price by 50% at the moment.
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🇨🇳 China seems to have decided to move away from the dollar towards Bitcoin and gold, offloading some of its American treasuries (debt securities issued by the US government).
This information was shared by Jay Jacobs from BlackRock in an interview with CNBC. He stated that China, and not only China, has been actively moving away from the dollar in recent years, shifting towards cryptocurrency and precious metals.
Currently, China holds about $784 billion in treasuries, $230 billion in gold, and $18 billion in Bitcoin.
If China starts selling its US debt, experts believe it could seriously impact the American mortgage market - interest rates could skyrocket. However, there is an opinion that they could harm themselves if they begin to offload assets.
This information was shared by Jay Jacobs from BlackRock in an interview with CNBC. He stated that China, and not only China, has been actively moving away from the dollar in recent years, shifting towards cryptocurrency and precious metals.
Currently, China holds about $784 billion in treasuries, $230 billion in gold, and $18 billion in Bitcoin.
If China starts selling its US debt, experts believe it could seriously impact the American mortgage market - interest rates could skyrocket. However, there is an opinion that they could harm themselves if they begin to offload assets.
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🤝 The founders of the Trump family's cryptocurrency project World Liberty Financial discussed with former Binance CEO Changpeng Zhao the promotion of global cryptocurrency adoption and the development of new standards.
CZ noted that he expects a distorted presentation of this meeting in traditional media, but urged to focus on further work.
CZ noted that he expects a distorted presentation of this meeting in traditional media, but urged to focus on further work.
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🪙 MicroStrategy acquired 15,355 BTC for approximately $1.42 billion at an average price of $92,737 per bitcoin.
As of April 27, 2025, the company holds 553,555 BTC, purchased for approximately $37.9 billion at an average price of $68,459 per coin.
As of April 27, 2025, the company holds 553,555 BTC, purchased for approximately $37.9 billion at an average price of $68,459 per coin.
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🇪🇸 The first Bitcoin master's program in the world has been launched at a Spanish university
👨🏫 The University of Hespérides in Spain (Universidad de las Hespérides) has launched the world's first master's program dedicated exclusively to Bitcoin. You can now officially obtain a second higher education as a Bitcoin specialist: 10 months of online training will cost at least €6,120.
👨🏫 The University of Hespérides in Spain (Universidad de las Hespérides) has launched the world's first master's program dedicated exclusively to Bitcoin. You can now officially obtain a second higher education as a Bitcoin specialist: 10 months of online training will cost at least €6,120.
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🔴 The crypto loser sold 630,339 TRUMP tokens for nearly $5.5 million right before the news about the dinner with Trump.
A little more patience and he would have made an additional $4.5 million on the rise of the meme coin.
🟢 By the way, yesterday there was the opposite example, when an unknown crypto investor spent 5 million USDC to buy 407,467 TRUMP tokens right after the official announcement of the dinner.
A little more patience and he would have made an additional $4.5 million on the rise of the meme coin.
🟢 By the way, yesterday there was the opposite example, when an unknown crypto investor spent 5 million USDC to buy 407,467 TRUMP tokens right after the official announcement of the dinner.
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💰 Bitcoin surpassed Amazon in market capitalization. It now ranks sixth in the world by this metric. Its total capitalization reached $1.857 trillion.
Who’s next ...
Who’s next ...
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📊 Last week, only $6 million entered the crypto market. Investors are either fearful, taking profits, or waiting for better times. There is little fresh capital in the market.
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☢️ The Ethereum blockchain lags behind Solana in terms of building DeFi, so developers of the second largest cryptocurrency should stick to the course of developing L2 solutions, said Uniswap head Hayden Adams.
He noted that he advocates for improvements for L1 scaling as one of the requirements of the rollup-centric roadmap, but called the "confusion" in priorities a problem:
🔊 "People need to decide on a course and try to reduce the associated risks, rather than trying to change narratives and strategies every month".
According to Adams, trying to follow all approaches simultaneously is "the only thing that can be worse than not choosing anything".
He noted that he advocates for improvements for L1 scaling as one of the requirements of the rollup-centric roadmap, but called the "confusion" in priorities a problem:
🔊 "People need to decide on a course and try to reduce the associated risks, rather than trying to change narratives and strategies every month".
According to Adams, trying to follow all approaches simultaneously is "the only thing that can be worse than not choosing anything".
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👨💻 Project Eleven, a company that deals with crypto security, decided to check how protected BTC is from quantum computers.
Researchers from Project Eleven announced a competition. Whoever can hack Bitcoin using a quantum computer will receive one BTC. The task is to hack the ECC key that protects the bitcoin. It must be hacked using Shor's algorithm.
❗They say that if quantum computers learn to hack crypto, it will put Bitcoin itself at risk. According to researchers, more than 6.2 million BTC are currently at risk.
Researchers from Project Eleven announced a competition. Whoever can hack Bitcoin using a quantum computer will receive one BTC. The task is to hack the ECC key that protects the bitcoin. It must be hacked using Shor's algorithm.
❗They say that if quantum computers learn to hack crypto, it will put Bitcoin itself at risk. According to researchers, more than 6.2 million BTC are currently at risk.
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⚡ The Government of Kyrgyzstan has appointed the founder of Binance, Changpeng Zhao (CZ), as its advisor on national policy in the field of blockchain and Web3.
As part of the agreement, the National Investment Agency under the President of Kyrgyzstan and CZ signed a memorandum of understanding, according to which CZ will provide the government with recommendations for the development of a promising regulatory framework for digital assets.
As part of the agreement, the National Investment Agency under the President of Kyrgyzstan and CZ signed a memorandum of understanding, according to which CZ will provide the government with recommendations for the development of a promising regulatory framework for digital assets.
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💳 The company Visa has become a participant in the Global Dollar Network consortium behind the USDG stablecoin. This is reported by CoinDesk, citing its own sources.
The organization, created in November 2024, initially included Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Robinhood, and Paxos.
The latter acted as the issuer of the 'stablecoin.' The custodian of the USDG reserves is DBS Bank, the largest bank in Southeast Asia, and the token is regulated by the Monetary Authority of Singapore.
A feature of USDG is the distribution of income among network participants (not end users). The company's profit size depends on its contribution to the asset's development.
According to CoinGecko, the market capitalization of Global Dollar is $245.7 million. In terms of this metric, the coin ranks in the third hundred among cryptocurrencies and in the third decade of the stablecoin segment.
USDG, for example, lags behind the RLUSD from Ripple launched in December 2024 with $294 million. The PYUSD from PayPal, operational since August 2023, already has a market offering of $890 million.
Let us remind you that the FT believes that global banks and fintech companies have entered the 'stablecoin race.'
The organization, created in November 2024, initially included Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Robinhood, and Paxos.
The latter acted as the issuer of the 'stablecoin.' The custodian of the USDG reserves is DBS Bank, the largest bank in Southeast Asia, and the token is regulated by the Monetary Authority of Singapore.
A feature of USDG is the distribution of income among network participants (not end users). The company's profit size depends on its contribution to the asset's development.
According to CoinGecko, the market capitalization of Global Dollar is $245.7 million. In terms of this metric, the coin ranks in the third hundred among cryptocurrencies and in the third decade of the stablecoin segment.
USDG, for example, lags behind the RLUSD from Ripple launched in December 2024 with $294 million. The PYUSD from PayPal, operational since August 2023, already has a market offering of $890 million.
Let us remind you that the FT believes that global banks and fintech companies have entered the 'stablecoin race.'
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📠 Binance Users Receiving Phishing SMS
Some users of the cryptocurrency exchange Binance have started receiving messages that look like official notifications from the platform — from the same number and in the brand style.
Fraudsters are using fake SMS to warn about, for example, "a new device connection" or other suspicious activity, prompting users to click on a link and enter their details.
Be cautious:
- do not click on suspicious links;
- do not enter account details on external addresses;
- if in doubt, verify information through the official Binance app or website.
Some users of the cryptocurrency exchange Binance have started receiving messages that look like official notifications from the platform — from the same number and in the brand style.
Fraudsters are using fake SMS to warn about, for example, "a new device connection" or other suspicious activity, prompting users to click on a link and enter their details.
Be cautious:
- do not click on suspicious links;
- do not enter account details on external addresses;
- if in doubt, verify information through the official Binance app or website.
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🆕 Jack Dorsey called on the messenger Signal to add p2p payments in Bitcoin.
In this way, he supported the community's demand to replace the Sentz protocol (formerly MobileCoin), backed by one of the messenger's co-founders. Many believe that BTC in Signal would be an "amazing proof of concept," considering the integrated private communication channels, and the app itself would be "much more useful."
The idea was also supported by Lightspark co-founder David Marcus.
In this way, he supported the community's demand to replace the Sentz protocol (formerly MobileCoin), backed by one of the messenger's co-founders. Many believe that BTC in Signal would be an "amazing proof of concept," considering the integrated private communication channels, and the app itself would be "much more useful."
The idea was also supported by Lightspark co-founder David Marcus.
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📣 New Trump Tariffs 🤣
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