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Canaan Newsroom
Bitwise: The reasons for the cryptocurrency gold age and bullish cryptocurrency index funds.
You have two choices: you can try to pick winners by studying dozens of different blockchains and their unique token economics and fundamental driving factors. Or you can bet on the entire space by purchasing a diversified index fund that holds leading assets weighted by market cap.
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The IMF warns that these two major industries are comparable to "electricity-hungry giants": their power consumption approaches that of a major economy.
①IMF Deputy Managing Director Gita Gopinath is concerned that the energy consumption and carbon footprint of cryptocurrency mining and datacenters are rapidly increasing; ②She expects that by 2027, the share of these two industries in global electrical utilities may rise from 2% in 2022 to around 3.5%; ③This level is comparable to the current electricity consumption of Japan, the world's fifth largest electricity-consuming country.
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Bitcoin Churns Near US$90,000 After Largest Drop Since US Election
Bitcoin Churns Near $90,000 After Largest Drop Since US Election
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ADRs End Lower; Barinthus Biotherapeutics PLC Declines 30%
Express News | Proshares Bitcoin Strategy ETF up 2%, Ishares Bitcoin Trust up 2.2%
Express News | Riot Platforms up 1.7%, U.S.-Listed Shares of Hut 8 up 2%, Mara Holdings up 1.5%
Express News | Coinbase Global up 2.1%, U.S.-Listed Shares of Bitfarms up 2.8%, Microstrategy up 2.4%, Canaan up 6%
Express News | Crypto Stocks Rise Premarket on Bitcoin Strength
Bitcoin's $11.8 Billion Options to Expire Soon – Bearish 2025 to Come?