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Capital Pours into Leading ETFs, But Why Is the Altcoin Season Still Nowhere in Sight?

On September 9th, US ETFs tracking Ethereum, XRP, and Solana attracted nearly $59 million in inflows, while Bitcoin products saw outflows of $120.24 million, highlighting a rotation of capital among compliant crypto assets. However, this institutional shift has not translated into a broader market rally. The Altcoin Season Index remains at 37, far below the threshold of 75, indicating that most altcoins are still underperforming Bitcoin. This divergence is characteristic of the expanding crypto ETF market. While investors now have more channels to allocate to assets beyond Bitcoin, capital remains concentrated in a few top-tier products. Over the past 30 days, Bitcoin and Ethereum ETFs dominated inflows, followed distantly by Solana and XRP. All other approved crypto ETFs, such as those for Chainlink, Avalanche, and Dogecoin, have seen minimal or no net inflows, creating a steep hierarchy in assets under management. The article distinguishes between "ETF-level altcoin rotation" and a genuine "altcoin season." The former involves capital moving only among the largest, most institutional-friendly ETF assets (Bitcoin, Ethereum, Solana, XRP), without spilling over to the wider altcoin market. For a true altcoin season to occur, where 75% of the top 50 altcoins outperform Bitcoin over 90 days, capital needs to diffuse beyond this narrow ETF circle. The persistent outflows from Bitcoin ETFs present a key test: if the exiting capital continues to rotate only into other major ETF assets and not into smaller altcoin funds, the market may experience frequent internal rotations but will likely fail to see the anticipated broad-based altcoin rally.

marsbitDün 05:56

Capital Pours into Leading ETFs, But Why Is the Altcoin Season Still Nowhere in Sight?

marsbitDün 05:56

Bitcoin and Zcash Mining Difficulty Increases. What About Profitability?

The mining difficulty for both Bitcoin and Zcash has increased alongside rising cryptocurrency prices and heightened miner activity. Contrary to expectations, the profitability of mining these assets has not improved. Bitcoin's mining difficulty rose by 1.13% to 127.45 trillion, requiring miners to compute roughly that many hashes to add a block and earn 3.125 BTC (approx. $250k). This followed a surge in the global hash rate, which exceeded 1,000 EH/s and even reached 1,130 EH/s recently. Despite Bitcoin's price trading around $79.5k, the average mining profitability, as measured by the Hashprice Index, slightly decreased to $39.3 per day for 1,000 Th/s of equipment. Similarly, Zcash's price surged nearly 50% weekly, surpassing $1.2k. Its network hash rate and mining difficulty also hit record highs. However, this increased competition negated potential profit gains from the price rise. Mining revenue per megawatt-hour for a top-tier device actually fell from $727 in late August to $708 on September 4th, demonstrating that higher prices did not translate into better mining returns.

cryptonews.ru09/07 11:51

Bitcoin and Zcash Mining Difficulty Increases. What About Profitability?

cryptonews.ru09/07 11:51

Cryptocurrency Platform Robinhood Adds New Altcoin to Its Portfolio! Here Are the Details

The cryptocurrency platform Robinhood has added the token $PONS to its portfolio. The listing expanded investor access to $PONS within the Robinhood ecosystem, triggering a brief but sharp price spike. Following the listing, the token's price surged by approximately 15% within two minutes. However, this gain proved unsustainable, and $PONS quickly lost most of the earlier increase, reverting to pre-listing price levels. This movement highlights the short-term impact new exchange listings can have on crypto assets. The listing is seen as part of Robinhood's recent steps to expand its crypto ecosystem. $PONS is a prominent project within the Robinhood Chain, having attracted investor interest due to new token launches and decentralized finance activity on the network. Robinhood Chain has shown significant growth in trading volume and total value locked, with $PONS's market cap reportedly rising rapidly in August. Broader investor access could boost the token's trading volume and liquidity. Nevertheless, the rapid price rise and subsequent fall after the listing demonstrate that new listings can create high volatility in the cryptocurrency market. Sharp price swings over short periods indicate investors may face significant price fluctuations. Following the listing, $PONS's market reach is expected to expand, with investors closely monitoring its price movements and trading volume changes. Its post-listing performance will also be a key indicator of its position within the Robinhood Chain ecosystem.

cryptonews.ru09/03 07:46

Cryptocurrency Platform Robinhood Adds New Altcoin to Its Portfolio! Here Are the Details

cryptonews.ru09/03 07:46

Grayscale Sees Promise in Cryptocurrencies Amid Sharply Rising Stock Concentration

According to Grayscale's head of research Zach Pandl, record-high stock concentration in US household portfolios makes them vulnerable to a market reversal, creating a diversification opportunity for cryptocurrencies. Data shows households' direct and indirect corporate equity holdings reached 46.71% of financial assets by end-2025. Grayscale argues that the post-bear market re-rating of crypto offers an attractive entry point, especially as lofty stock valuations, with S&P 500 long-term earnings growth expectations exceeding 25%, leave little room for disappointment. Bitcoin's diversification potential is highlighted by its falling correlation with the Nasdaq 100 (down to ~33%) and rising correlation with gold (above 50%). The "crypto reset" after the prolonged downturn has lowered valuations and leverage. While assets like Bitcoin can diversify portfolios, Grayscale and others like Blackrock caution it should complement, not replace, core holdings, with a suggested 1-2% allocation, as crypto's volatility and changing correlations mean its benefits are conditional on specific market phases.

cryptonews.ru09/03 05:24

Grayscale Sees Promise in Cryptocurrencies Amid Sharply Rising Stock Concentration

cryptonews.ru09/03 05:24

IOSG: U.S. Bonds, AI, and Inflation Can't All Be Had. Which Side Should BTC Bet On?

**Title: IOSG: Can't Have It All – Treasury Bonds, AI, and Inflation. Where Should BTC Bet?** **Core Thesis:** Washington is likely to prioritize stabilizing the Treasury market and sustaining the AI investment cycle, accepting higher inflation for longer as the trade-off. This creates sustained tailwinds for both gold and Bitcoin by injecting liquidity and shifting duration risk away from private balance sheets. **Key Issue:** The critical macro price is no longer the Fed funds rate, but the yield investors demand to hold long-term US Treasuries. Recent surges in 10-year and 30-year yields stem from a combination of persistent inflation risks, heavy fiscal supply, thinning demand for duration, and new competition for capital from massive AI infrastructure investments. **The Trilemma:** The US faces a difficult choice between controlling inflation, maintaining Treasury market stability, and fostering the AI growth cycle. Political pressure suggests inflation control is the most likely sacrifice. **Treasury's Response:** Measures by Treasury Secretary Besant focus on defending the bond market: supporting the Yen to prevent forced Japanese Treasury sales, increasing long-end liquidity via repos (effectively shortening government debt maturity), and a potential shift toward more short-term bill issuance. This could generate significant liquidity, reigniting "currency debasement" trades. **Gold's Role:** Gold's ~90% surge since mid-2024 is not just an inflation hedge but a bet on monetary debasement as a politically viable path out of the debt cycle, driven by declining dollar trust. **Bitcoin's Positioning:** Bitcoin has historically failed to correlate with gold during "debasement" rallies. However, its recent strong performance alongside Treasury's liquidity actions suggests the market may be treating it as a "stealth QE" trade—a scenario where crypto assets typically thrive amid expanding global liquidity. For BTC to firmly join the "debasement hedge" category, this correlation needs to persist. **Conclusion & Risks:** The framework suggests that preserving market stability and the AI cycle will likely mean shorter debt maturity,常态化 liquidity backstops, and tolerance for higher inflation—favorable for gold and BTC. This outlook would be undermined if inflation falls toward 2%, a credible fiscal path emerges, AI becomes self-funding, or private demand absorbs debt without higher term premiums. The key question is which corner of the trilemma breaks first; accelerated "duration transfer" by the Treasury would mean a longer tailwind for Bitcoin.

marsbit08/27 00:06

IOSG: U.S. Bonds, AI, and Inflation Can't All Be Had. Which Side Should BTC Bet On?

marsbit08/27 00:06

Not Being a Follower of Silicon Valley: A Few Young PhD Students Bet on the Integrated Brain of Bipedal Humanoid Robots

This article profiles GongShengZhiXing, a startup founded by 1996-born Ding Pengxiang with a core team of Ph.D. students, all in their twenties. They are developing an end-to-end, integrated "brain" (base model) for bipedal humanoid robots, focusing on full-body dynamic coordination rather than the industry's more common modular, layered approach. The team's stance is that for humanoids to integrate into human environments, an end-to-end model—where a single system handles perception, decision-making, and control directly—is ultimately more efficient and scalable than layered architectures that separate high-level "brain" and low-level "cerebellum" functions. They argue layered systems create information bottlenecks. A key demo shows their robot driving a go-kart at high speed, demonstrating synchronized hand-eye-foot coordination and multi-contact balance—a complex task highlighting their focus on whole-body dynamics over simple kinematics. Technically, their model outputs commands at the joint level and incorporates a "Motion Expert" module and techniques like DriftDistill to simultaneously learn task completion and physical stability from data. Acknowledging challenges like severe data scarcity for full-body mobile manipulation, they employ methods like TrajBooster to synthesize training data. Ding Pengxiang believes true "emergence" of new skills at the joint-movement level is the goal, but commercial viability likely requires scaling to millions of training hours. The team aims not to follow Silicon Valley trends but to pioneer and potentially set global standards in this nascent, unconverged field of embodied AI.

marsbit08/24 00:51

Not Being a Follower of Silicon Valley: A Few Young PhD Students Bet on the Integrated Brain of Bipedal Humanoid Robots

marsbit08/24 00:51

Metrics Ventures Market Observation: Talk is Cheap

This monthly market analysis extends its timeline to incorporate critical July comments from the Fed Chair, noting that bond markets have already priced in perceived policy shortcomings. The report observes a growing divergence: equity markets, after some deleveraging, continue a "trust-based" rally, while bond and currency markets signal persistent distrust. Precious metals bottoming suggests a central bank consensus that the era of "competitive currency devaluation" is ending, with verbal interventions losing power. Looking forward to Q3-Q4, the analysis remains bullish on supply-constrained global resources like copper and power, as well as gold, which prices ongoing monetary失信. It argues that digital assets are unlikely to see major outperformance until excess liquidity is released and AI growth rates are fully priced. Key market views include: 1. Commodities like gold remain primary liquidity absorbers over Bitcoin, with recent consolidation seen as healthy. 2. The bull trend for RMB-denominated assets (e.g., STAR 50 Index) is firmly established. 3. Key resource country indices and currencies are near inflection points, with spot copper already at new highs. The report suggests resource equities, particularly in China's market, are at the end of their consolidation phase, offering attractive valuations with embedded optionality on rising metal prices. It highlights the predictive significance of recent US-Japan FX interventions and Treasury-Fed dynamics, suggesting a shift towards less communication and data management to maintain stability. A long position in resource assets is presented as a positive expected-value strategy over a multi-year horizon.

marsbit08/15 05:21

Metrics Ventures Market Observation: Talk is Cheap

marsbit08/15 05:21

Bitcoin mining profitability increased by 10% in a month. How much does it cost to mine a Bitcoin

Bitcoin mining profitability increased by approximately 10% in July, with the daily revenue per unit of hash power rising from around $29.67 to $32.52 per petahash per second. However, miner activity has not fully recovered, as the average cost to mine one bitcoin, estimated at about $77,700, continues to exceed Bitcoin's current market price of around $64,700. This unprofitable situation, persisting for months, is why many miners remain hesitant to ramp up operations; analysts suggest roughly 20% are currently operating at a loss. The gap between falling Bitcoin prices (down 26% year-to-date) and a smaller decline in mining profitability is partly due to a 15% drop in mining difficulty over the same period, making it easier to mine. While a minor difficulty increase of 1.2% is forecast for the upcoming adjustment, a recent dip in the global hash rate suggests difficulty could potentially decrease instead.

cryptonews.ru08/06 11:12

Bitcoin mining profitability increased by 10% in a month. How much does it cost to mine a Bitcoin

cryptonews.ru08/06 11:12

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