# Сопутствующие статьи по теме Bitcoin

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Bitcoin", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Bitcoin Mining Difficulty Drops for the Third Time in a Row. What Does This Mean?

Bitcoin mining difficulty has decreased for the third consecutive time, dropping by 0.74% to 148.2 trillion on December 11. This means miners now need to compute approximately 148 trillion hash functions on average to add a new block and earn the 3.125 BTC reward (around $281,000 at current rates). This prolonged decline in difficulty, last seen in 2024 after the halving event, reflects reduced mining activity. The global hashrate has fallen from its peak of 1.31 Zh/s on October 24 to 1.14 Zh/s, indicating some miners are switching off unprofitable equipment. According to Anton Gonterev, Commercial Director of Intelion, this adjustment reflects the market adapting to Bitcoin's lower price. Since reaching approximately $126,000 on October 6, Bitcoin's price has fallen 28% to $90,000. Despite this, mining difficulty is still over 40% higher than a year ago, indicating sustained structural demand for computational power and continued investor interest in mining. The current correction is seen as a normal industry dynamic where less efficient operators are gradually leaving the network. Mining is shifting towards players with modern equipment, stable infrastructure, and controlled project economics, particularly those with access to predictable, competitive energy prices. These efficient operators remain stable despite short-term fluctuations in Bitcoin's price or mining difficulty.

RBK-crypto12/11 14:33

Bitcoin Mining Difficulty Drops for the Third Time in a Row. What Does This Mean?

RBK-crypto12/11 14:33

Can Strategy's Strong Defense Prevent MSCI from Excluding Digital Asset Companies?

Global index provider MSCI has proposed excluding companies with digital assets exceeding 50% of their total assets from its global investable market indices, a move that could trigger significant capital outflows—estimated at up to $8.8 billion—from firms like MicroStrategy. In response, MicroStrategy submitted a detailed rebuttal, arguing that the proposal is discriminatory, operationally impractical, and undermines both investor interests and U.S. strategic goals for digital asset leadership. The company emphasized that digital asset treasuries (DATs) are active businesses, not passive funds, and should be treated like other single-asset-focused firms such as oil or REIT companies. MicroStrategy urged MSCI to withdraw the proposal or extend the consultation period. The outcome, expected by January 2026, could significantly impact the integration of digital asset firms into traditional financial markets.

比推12/11 13:09

Can Strategy's Strong Defense Prevent MSCI from Excluding Digital Asset Companies?

比推12/11 13:09

Why Isn't Asia's Largest Bitcoin Treasury Company Metaplanet Buying the Dip?

Metaplanet, the Japanese company known as the "Asian MicroStrategy," has paused its Bitcoin accumulation strategy for ten consecutive weeks since September 30, despite the recent market correction. While giants like MicroStrategy continued buying—adding 10,624 BTC at an average of $90,615—Metaplanet shifted its focus to stock buybacks and capital structure improvements. This pause reflects a broader industry trend where Bitcoin treasury firms (DATs) are prioritizing risk management over aggressive accumulation. DATs have faced significant pressure, with median stock prices dropping 43% and some falling over 99%, leading Galaxy to warn of a "Darwinian phase" for the sector. Metaplanet’s tactical halt aims to protect shareholder value and avoid further dilution, especially after its mNAV fell below 1x. The company also seeks to avoid accounting losses under Japan’s conservative standards, as its Bitcoin holdings have over $500 million in unrealized losses with an average cost of $108,000. Instead, Metaplanet is leveraging Japan’s low-interest environment to develop innovative financing tools, such as the "Mercury" perpetual preferred stock offering a 4.9% yield—ten times local bank rates—with 73% of proceeds directed to Bitcoin purchases. It also uses Moving Strike Warrants (MSW) to raise capital without violating Japan’s market restrictions. The company benefits from unique advantages: yen depreciation enhances Bitcoin’s appeal as a hedge, and Japanese investors use tax-free NISA accounts to gain BTC exposure via Metaplanet stock. Major institutions like Capital Group have increased stakes, seeing lower financing costs and higher return potential compared to Western counterparts. However, short-term risks remain, including potential sell pressure if MSCI removes Metaplanet from its Japan Index due to high Bitcoin exposure. Ultimately, the pause is a strategic recalibration, not a retreat, highlighting the DAT sector’s maturation from aggressive accumulation to sustainable, risk-aware growth.

marsbit12/11 12:43

Why Isn't Asia's Largest Bitcoin Treasury Company Metaplanet Buying the Dip?

marsbit12/11 12:43

On the Night of the Fed Rate Cut, the Real Game Is Trump's 'Monetary Power Grab'

Tonight marks the Federal Reserve's most anticipated interest rate decision of the year. While a 25-basis-point cut is widely expected, the key variable for risk assets is whether the Fed will restart liquidity injections, potentially through a $45 billion monthly short-term debt purchase program starting in January. This signals a stealth return to quantitative easing. The larger tension stems from an unprecedented shift in monetary power. President Trump is rapidly reshaping the Federal Reserve, not just by replacing its chair but by redrawing the boundaries of monetary authority. The long-held principle of central bank independence is being eroded as the Treasury Department seeks to reclaim control over long-term interest rates, liquidity, and the balance sheet. This transition to a "fiscally dominated monetary era" is the underlying logic connecting recent market events. Despite a 40 billion outflow from Bitcoin ETFs, analysis suggests this was not panic selling but the unwinding of leveraged basis trades, leaving a healthier, less leveraged market. Meanwhile, led by Michael Saylor, made its largest Bitcoin purchase in months ($963 million), and Tom Lee's BitMine significantly increased its Ethereum holdings, signaling strong institutional conviction during the downturn. The macro shift implies higher market volatility as the old order fractures. While improved liquidity may provide a floor for Bitcoin, its longer-term trajectory awaits clarity within this new monetary framework, where Treasury, not the Fed, may ultimately dictate key financial conditions.

marsbit12/11 10:18

On the Night of the Fed Rate Cut, the Real Game Is Trump's 'Monetary Power Grab'

marsbit12/11 10:18

Strategy Takes a Hard Line Against MSCI: The Ultimate Defense of DAT

In a significant industry clash, digital asset treasury company Strategy has issued a forceful 12-page public letter to MSCI opposing its proposal to exclude companies with over 50% digital asset holdings from its global investable market indices. Strategy argues the move is discriminatory, misleading, and threatens billions in capital flow, potentially causing up to $2.8 billion in passive outflows from its stock alone. The company defends its business model, asserting that digital asset treasuries (DATs) are operational companies—not passive funds—with active strategies like issuing digital debt instruments to fund Bitcoin acquisitions and generate shareholder returns. It compares its role to historic infrastructure builders like Standard Oil and AT&T, emphasizing Bitcoin’s transformative potential in finance. Strategy highlights four key objections: the proposal is arbitrarily discriminatory against digital assets; it violates index providers' neutrality principles; it is impractical due to Bitcoin's volatility and accounting disparities; and it contradicts the U.S. government’s pro-digital asset strategy. The firm demands MSCI withdraw the proposal or extend consultations. Backed by industry advocates and data showing over 200 public companies hold more than 5% of Bitcoin’s supply, Strategy urges MSCI to let markets—not biased rules—determine the value of digital asset companies. The decision, expected by January 2026, could redefine the role of crypto-native firms in traditional finance.

深潮12/11 08:38

Strategy Takes a Hard Line Against MSCI: The Ultimate Defense of DAT

深潮12/11 08:38

Fed's Wavering Rate Cut Decision, But Bitcoin's 'Fragile Zone' Still Suppresses BTC Price Below $100,000

Despite approving a widely anticipated 0.25% interest rate cut, the U.S. Federal Reserve's hawkish tone and internal policy divisions have limited Bitcoin's upward momentum, keeping its price below the $100,000 mark. According to Glassnode, BTC remains trapped in a structurally fragile range between the short-term cost basis of $102,700 and the realized price of $81,300. Key factors suppressing a breakout include rising unrealized losses—now at $555 million daily, the highest since the FTX collapse—along with weakening on-chain conditions, declining futures market demand, and persistent selling pressure. Long-term holders continue to realize significant profits, while new buyers exhibit caution, further obstructing BTC's ability to reclaim the $95,000–$102,000 resistance zone. Although the current rebound is spot-driven, the lack of leverage expansion and reduced open interest in derivatives suggest the rally may lack sustainability without renewed institutional or speculative momentum.

cointelegraph_中文12/11 06:50

Fed's Wavering Rate Cut Decision, But Bitcoin's 'Fragile Zone' Still Suppresses BTC Price Below $100,000

cointelegraph_中文12/11 06:50

Rebuttal: I Don't Regret Spending 8 Years in the Crypto Industry

Ken Chang recently wrote an article lamenting his eight years in crypto as a waste, describing the industry as inherently destructive and a system of financial nihilism that has built the world's largest casino. While many in the space dismiss such critiques, the author acknowledges that Ken’s disillusionment—shared by earlier figures like Mike Hearn—stems from a genuine idealistic disappointment. Crypto promised decentralization and a new financial system but largely delivered speculation and gambling. The author identifies five core aspirations of cryptocurrency: restoring sound money, encoding business logic via smart contracts, making digital property real, improving capital market efficiency, and expanding global financial inclusion. While progress has been made in areas like Bitcoin, stablecoins, and certain efficient financial infrastructures, many grand visions—like overthrowing fiat or revolutionizing digital ownership—remain unfulfilled. The author advocates for a "pragmatic optimism." Speculation and casino-like dynamics are seen as unfortunate but inevitable side effects of building permissionless, open financial infrastructure. The key is to focus on the real, albeit gradual, progress—such as improved financial access and inclusion—while accepting that transformative change is slow and often captured by incremental efficiency gains, not revolution. The goal remains worthy, even if the path is messier than hoped.

marsbit12/11 06:04

Rebuttal: I Don't Regret Spending 8 Years in the Crypto Industry

marsbit12/11 06:04

Mars Morning Post | After Fed Rate Cut, US Dollar Records Worst Single-Day Performance Since September; Trump: Rate Cut Too Small, Could Have Been Doubled

Mars News, Dec 11 — Following the Fed’s decision to cut interest rates by 25 basis points, the US dollar recorded its worst single-day performance since September, with the dollar index falling 0.4%. Fed Chair Powell emphasized labor market risks and downplayed inflation concerns, contributing to the decline. President Trump criticized the move, calling the cut “too small” and suggesting it should have been doubled. In other developments, Stripe acquired the team behind crypto wallet Valora to expand its stablecoin services. The CFTC launched an innovation council with members including Polymarket, Kraken, and Gemini. GameStop reported a $9.4 million decrease in its Bitcoin holdings in Q3. Elon Musk hinted at a potential SpaceX IPO, while Michael Saylor argued that limiting passive Bitcoin investment would be counterproductive. A new wallet accumulated 1,200 BTC, and the crypto fear and greed index rose to 29, a one-month high. Meanwhile, the Norwegian central bank announced it sees no current need for a CBDC, citing an already efficient payment system. Paxful agreed to plead guilty to U.S. charges and will pay $7.5 million in fines. a16z Crypto opened its first office in Seoul. Analysts noted the Fed’s dovish tone, projecting 100 basis points in rate cuts next year, though internal divisions remain. Powell stated that further rate hikes are not the base case, and the focus is on whether to hold or cut rates.

marsbit12/11 05:39

Mars Morning Post | After Fed Rate Cut, US Dollar Records Worst Single-Day Performance Since September; Trump: Rate Cut Too Small, Could Have Been Doubled

marsbit12/11 05:39

Shorting the Dip, Buying the Rally? FOMC Outcome Reveals the Truth Behind Bitcoin (BTC) Price Trends

Based on historical data from 2025, Bitcoin's (BTC) price action around FOMC meetings reveals a distinct pattern: the market often prices in macroeconomic expectations in advance, leading to a "buy the rumor, sell the news" dynamic. Despite the actual policy decisions, BTC typically experiences selling pressure post-announcement, even during rate-cut cycles. Key findings show that BTC declined after most FOMC events in 2025, with the sharpest seven-day drops (-6.9% and -8%) occurring after the two 25-basis-point rate cuts in September and October. In contrast, meetings with unchanged rates resulted in mixed performance, ranging from +6.92% to -4.58%. This counterintuitive reaction is attributed to structural market dynamics rather than macroeconomic fundamentals. Before FOMC meetings, especially in July, September, and October, significant capital inflows and leveraged long positions were observed, leading to reduced spot liquidity. This over-leveraging often meant that any "hawkish" momentum was already priced in, leaving the market vulnerable to a sell-off once the actual decision was announced. Analysts note that FOMC events act more as market reset points than directional catalysts. When policy outcomes are highly anticipated, pre-meeting volatility compresses, and post-announcement volatility expands, creating predictable short-term dislocations. The data suggests that traders should prepare for heightened volatility, with potential retests of key support levels, such as $88,000, following the typical post-FOMC decline.

cointelegraph_中文12/11 05:16

Shorting the Dip, Buying the Rally? FOMC Outcome Reveals the Truth Behind Bitcoin (BTC) Price Trends

cointelegraph_中文12/11 05:16

Partner at Castle Island Ventures: I Don't Regret Spending Eight Years in the Cryptocurrency Space

In a reflective piece, Castle Island Ventures partner Nic Carter responds to an article titled "I Wasted Eight Years of My Life in Crypto," which criticized the industry as a speculative casino that failed to deliver on its original ideals. Carter acknowledges the validity of some critiques, particularly around excessive speculation, meme coins, and the funding of unnecessary blockchain projects. He compares the disillusionment to earlier high-profile exits like Mike Hearn’s, noting a recurring theme: crypto promised decentralization and innovation but often delivered gambling and centralization. Carter outlines five core aspirations of cryptocurrency: restoring sound money, encoding business logic via smart contracts, establishing true digital property rights, improving capital market efficiency, and promoting global financial inclusion. While he remains optimistic about the long-term potential of crypto, he advocates for a "pragmatic optimism" that acknowledges both the real-world utility and the unavoidable speculative excesses. He argues that useful infrastructure is being built despite the noise, and while the revolution may not be as dramatic as some hoped, progress is being made in areas like Bitcoin, stablecoins, and decentralized exchanges. The key, he suggests, is to stay grounded in realistic possibilities rather than utopian ideals.

深潮12/11 04:36

Partner at Castle Island Ventures: I Don't Regret Spending Eight Years in the Cryptocurrency Space

深潮12/11 04:36

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