Bitcoin 'money vessel' amasses B but recovery lacks ETF inflows

Bitcoin 'money vessel' amasses $8B but recovery lacks ETF inflows

Despite an $8 billion rise in realized cap, Bitcoin’s recovery lacks the continued inflows from ETFs and Michael Saylor’s Strategy as the main demand drivers, according to CryptoQuant. Bitcoin’s onchain inflows are signaling robust demand for the world’s largest cryptocurrency, with both investors and miners ramping up their activity despite the negative market sentiment since…

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95% of Iran’s 427,000 active crypto mining devices operate illegally, official says

95% of Iran’s 427,000 active crypto mining devices operate illegally, official says

Iran’s energy chief says 95% of the country’s 427,000 crypto mining rigs operate illegally, consuming massive power and destabilizing the national grid. Iran’s crypto mining industry is facing a widespread illegal mining crisis, with authorities estimating that over 95% of the country’s 427,000 active mining devices are operating without authorization. Akbar Hasan Beklou, CEO of…

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