Search results for MPI
Crypto
Bitcoin miners shift to AI as selling pressure plunges
Selling pressure from bitcoin mining firms has weakened sharply, as miners shift power and data-centre resources to AI and high-performance computing, an analysis said. Listed miners’ active hashrate fell by about 56 EH/s in the first half, down 15 percent, compared with a roughly 10 percent drop for the overall network. Investment is large, with capital spending estimated at about $30 billion. Miner outflows have since eased, with CryptoQuant’s MPI falling to -1.2.
Finance
Coocon Q2 operating profit up 6.3 percent to 4.96 billion won
Coocon posted year-on-year growth in both revenue and operating profit in the second quarter and plans to expand new businesses in the second half. The company reported second-quarter revenue of 17.96 billion won and operating profit of 4.96 billion won. It launched an MCP-based data API and linked global mobile payment services, and completed a stablecoin proof of concept. Coocon also plans to establish a local unit in Singapore this year.
Crypto
Bitcoin long-term holdings near record high, analysts see slim chance of new low
Analysis suggests bitcoin is far less likely to plunge below $60,000 again as long-term holders keep accumulating, reducing the amount available for immediate sale. Holdings kept for more than a year rose to 71.6 percent of circulating supply, topping 15.04 million BTC. Analysts also pointed to the weekly RSI regaining 50 after oversold levels, a pattern rarely followed by new lows. Miners remain cautious as some holdings move to exchanges.
