Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH

Dogecoin and Litecoin miners face mounting pressure as mining profitability remains low across major proof-of-work assets. Cryptocurrency mining profitability remains under pressure across major proof-of-work networks, according to new data shared by Alphractal, which shows the sector is experiencing stagnation and reduced returns. The analytics platform said that while miners continue to play an…

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Sam Altman takes on Nvidia with OpenAI’s Jalapeño chip

Sam Altman has unveiled OpenAI’s first custom-built AI chip, Jalapeño, as the company moves to reduce its reliance on third-party hardware and strengthen control over the infrastructure powering its artificial intelligence products. Summary OpenAI has launched Jalapeño, its first in-house AI chip built with Broadcom and optimized for AI inference workloads. The chip rollout comes…

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CoinFello’s Bet on the Future of DeFi (Interview)

DeFi has long promised open and self-custodial finance. But for most users, actually using it still means juggling through wallets, dApps, bridges, pools, approvals, and risks that are very hard to understand in real time, especially for someone who’s relatively new to the industry. CoinFello believes that the experience is ready for a major shift….

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Zuckerberg ordered Meta to create prediction app modeled after Polymarket, Kalshi, report claims

Prediction markets like Polymarket and Kalshi have become big business lately. Earlier this year, for example, Polymarket saw users spend $425 million in a single day.  Sites like Polymarket and Kalshi allow people to bet on nearly anything, including sports, entertainment, finance, and politics. According to a report from the New York Times, Meta founder…

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Blackrock Says Bitcoin’s Role Is Evolving, Calls a 1%-2% Portfolio Allocation Appropriate

Key Takeaways Blackrock told advisors on June 23 that a 1%-2% bitcoin allocation can act as a complementary diversifier. The firm believes a 1%-2% weighting carries risk roughly similar to holding the “Magnificent Seven” tech stocks. Blackrock warned that the AI investment boom has been pulling capital from bitcoin, gold and other alternatives over the…

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