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For the past few months, stablecoins have yielded the spotlight to their more speculative counterparts, including tokens inspired by politicians. However, recent on-chain data suggests that stablecoins are back and have surpassed the $200 billion market cap.

According to the data shared by Alphractal, the segment’s capitalization has surged to $211 billion, a record high, thanks to months of stable growth, which started in mid-2023.

Stablecoins‘ market capitalization grew by 73% from its August 2023 value of $121 billion, updated data released on January 31st show. The primary driver of this segment’s growth is still Tether’s USDT, however, USDC has been gaining ground recently, which is fascinating.

🚨 Stablecoin Market Cap Surpasses $211B – USDC Gains Momentum!

Since 2023, the stablecoin market has grown significantly, mainly driven by USDT (Tether). However, recently, USDC has been gaining an edge over other stablecoins.

This trend is occurring due to the recent drop in… pic.twitter.com/IRKrQErmCE

— Alphractal (@Alphractal) January 31, 2025

Tether’s USDT Remains Primary Driver Of Growth Since 2023, the stablecoin market has grown steady, mostly due to Tether’s USDT. As of now, stablecoins are worth $223 billion, which is a 0.2% increase from yesterday.

Interestingly, USDT and USDC are the present growth drivers of stablecoins. Apart from the numbers from both coins, the stablecoins group hasn’t changed much since 2023 and has shown steady and average values. Right now, Tether’s USDT is valued at almost $140 billion, and USDC is at $53 billion.

USDC Slowly Gains Ground On Other Coins Alphractal’s post on Twitter/X shows that USDC has been gaining ground over other stablecoins in the market. According to the post, this is happening due to a drop in altcoin prices and since a substantial part of the sell-offs have been swapped into USDC.

As of today, the market cap of cryptocurrencies reached $3.41 trillion. Chart: TradingView The post also showed that USDC’s dominance in this segment has hit a key resistance level, the same amount observed in 2021. This was the start of the bear market in 2022 when Bitcoin’s price dropped to as low as $15,500. If this metric persists, it can serve as the market’s bearish signal, impacting investors’ buying decisions. However, if this metric declines, it can be USDC’s jumping board to claim new highs.

What To Expect From The Stablecoins Segment In The Short-Term In the last bull run, USDC’s supply increased in May, then reached its high in March 2022. The stablecoin’s market cap increased by 170% from April 2021 to March 2022. If the current coin supply continues to grow but price starts to dip, then the stablecoin market may hit its peak in a few months.

Traditionally, a rising market cap for stablecoins reflects growing investors’ confidence, which signals an increase in capital inflows.

On the contrary, a rising stablecoin market cap is usually associated with growing investor conviction, signaling the potential for boosted capital inflows. This suggests that the bullish momentum could continue for a few more months.

Featured image from Gemini Imagen, chart from TradingView

Prominent on-chain analytics firm Glassnode believes that Bitcoin (BTC) has more room to run to the upside based on one on-chain indicator.

On the social media platform X, the analytics firm points to BTC’s Realized Cap, which records the price at which each coin was last moved and aims to gauge how many holders are in profit or at a loss.

[adinserter block="1"]

Says Glassnode,

“Realized Cap tracks net capital inflows into Bitcoin, a key driver of bull markets. So far, it has grown 2.1x from the 2022 low – below the 5.7x peak of the last cycle. The typical euphoric phase sees a sharp acceleration, but this hasn’t fully materialized yet.”

Source: Glassnode/X Glassnode also notes that Bitcoin’s current cycle appears to be following in the footsteps of its 2015-2018 bull run, which was largely driven by spot market investors.

“Despite a much larger market cap, pullbacks have rarely exceeded -25%, reflecting strong demand, ETF (exchange-traded fund) inflows, and Bitcoin’s role as a macro asset.” 

Source: Glassnode/X The analytics firm says when new demand materializes, price action tends to accelerate in a “second euphoric phase.”

“Prior cycles saw explosive growth, though a 100x rally from the low – like in 2015 – is unlikely at today’s scale. If demand strengthens, there may still be room for further expansion.” 

BTC is trading at $101,807 at time of writing. The top-ranked crypto asset by market cap is down more than 3.5% in the past 24 hours.

Generated Image: Midjourney

Dogecoin (DOGE) vs Shiba Inu (SHIB): What’s the Difference?

On May 22, 2010, programmer Laszlo Hanyecz made history by spending 10,000 BTC on two pizzas — the first-ever real-world Bitcoin transaction. Since then, “Bitcoin Pizza Day” has become a symbolic celebration for the crypto community.

Fifteen years later, the symbolic power of this date has only deepened. On May 22, 2025, Bitcoin broke past $110,000 for the first time — and on the same day, President Donald Trump gathered the top 220 holders of $TRUMP for a private dinner. 

The moment carried more than just fanfare — it marked a shift. As the most powerful figure in the world welcomed crypto believers into the halls of power, one face stood out under the spotlight: Justin Sun — Founder of TRON, Advisor to HTX, and the largest $TRUMP holder.

Justin and the Long Journey Toward Crypto MainstreamCrypto’s path from the fringes of the internet to the core of global politics is an epic marked by builders, believers, and long-term visionaries. When Laszlo posted his now-famous “pizza trade” on a forum in 2010, few could have imagined Bitcoin — or crypto — standing at the heart of U.S. political power just 15 years later.

This transformation was made possible by those who committed themselves to the cause, year after year. Justin is one of those rare figures who has never wavered. For over a decade, he’s not only stayed the course — he’s helped define it.

On the technical front, TRON has become one of the most active blockchain networks globally, especially in stablecoin payments. Millions of users rely on this foundation every day. On the cultural front, Justin has used his influence and HTX’s global brand to break crypto into the mainstream consciousness. From the legendary lunch with Warren Buffett to headline-grabbing art purchases, from a Forbes magazine cover to space travel giveaways for HTX users — Justin has consistently opened the window between the crypto world and the general public.

In recent years, Justin's strategy has expanded. He made two major investments totaling $75 million into World Liberty Financial (WLFI), the Trump family’s crypto project. He now serves as the project’s strategic advisor.

At TOKEN2049 in Dubai, Justin was seen in a relaxed conversation with Eric Trump. Not long after, WLFI’s stablecoin USD1 was listed on HTX.

Notably, all of this began long before Wall Street giants jumped into crypto — and well before the U.S. political establishment started seriously debating crypto regulation. Why was Justin so early?

“From the beginning, I believed that Donald Trump’s influence would bring a huge wave of positive momentum into space,” said Justin.

“As an advisor, I’m actively involved in providing insights and helping bridge the gap between crypto and traditional politics. Our objective is to establish a robust, long-term relationship with the Trump family and onboard individuals from traditional industries into Web3.”

Behind the Dinner: A New Chapter for CryptoIn his first term, Trump was openly skeptical of Bitcoin. But now, crypto has become a major card in his second-term agenda and a tool to rally next-generation voters. Hosting a dinner for $TRUMP holders sends a clear message: crypto is no longer a fringe asset — it is being embraced by political elites at the highest level.

And so, on the same day the world celebrates Bitcoin Pizza Day, Justin stood at the heart of American political power — carrying with him the hopes, infrastructure, and global vision of an entire industry. This was no coincidence — this was crypto’s rise from the edges to the center.

Justin was not just a guest — he was a messenger, a facilitator, and a representative of the broader crypto world. He extended an olive branch from Web3 to the traditional system — while guiding mainstream players into the blockchain era.

When Trump and Justin shook hands, the distance between crypto and the establishment closed just a little more. As crypto moves from being anti-establishment to influencing the establishment itself, leaders like Justin are helping write the new global rules of engagement.

With the Bitcoin Strategic Reserve Act passed, the GENIUS stablecoin bill under review, and Bitcoin reaching unprecedented heights, the future that crypto believers have long envisioned may now be arriving.

From Pizza to the Presidency — And BeyondBitcoin Pizza Day is not just a festive — it’s a reminder. That all great things begin with small steps: two pizzas, two dreamers, and a piece of code no one fully understands yet.

Today, as crypto leaders toast with a sitting U.S. president, the story continues — in a new form, on a new stage.

The only question now is: How will we write the next 15 years?

Justin is still running. And all of us — builders, traders, believers — are running with him.

This article was provided by our partner, HTX, and was originally posted on HTX.com.

XMR Price Jumps 10% After New Report on Monero’s Shadow Market Dominance

6 Elon Musk-Inspired Altcoins To Buy This Week As Cryptocurrency Prices Gravitate

22.10.2025 - 06:01

Update: 22.10.2025 - 06:01

South Korea-based cryptocurrency exchange Upbit has announced new market support for the digital asset Clearpool (CPOOL). The exchange announced that CPOOL will be listed on KRW (Korean Won), BTC (Bitcoin), and USDT (Tether) trading pairs.

Upbit Announces New Market Support for Clearpool (CPOOL) According to the statement, CPOOL deposits and withdrawals will become active within 1 hour and 30 minutes of the announcement. CPOOL spot transactions will begin at 4:30 PM on October 22nd.

CPOOL will be traded on the Ethereum network. Upbit emphasized that users should carefully select the correct network before depositing assets. It warned that assets sent via different networks may not be processed and that the refund process may take longer.

During the new listing, various trading restrictions will be implemented to counter market volatility:

Buy orders will be closed during the first 5 minutes after the trade is opened.

Sell orders cannot be placed 10% below the previous day's closing price.

Only limit orders will be accepted for 2 hours after the start of trading.

Clearpool operates as a decentralized lending marketplace offering collateral-free lending to institutional investors. The project aims to strengthen the bridge between traditional finance and DeFi (decentralized finance). The platform provides institutional lending infrastructure through various products, including PayFi Vault, USDX Treasury Pool, Dynamic, and Prime lending pools.

The CPOOL token is used for staking, governance, and incentive mechanisms on the network.

With this move, Upbit aims to expand access to DeFi-based lending protocols and increase liquidity options for institutional users.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

5 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

5 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

5 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

5 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

5 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

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Decentralized protocol Prosper secures investment from BIT Mining as it expands its solution to include institutional-grade Bitcoin mining and liquidity farming.

Prosper, a decentralized protocol bridging Bitcoin (BTC) mining to the blockchain by providing hashrate-backed tokens representing live Bitcoin mining power, has announced that BIT Mining has made a strategic investment in its native token, PROS. In a blog announcement on Nov. 14, Prosper said the investment represents “another significant validation” of its thesis by institutional backers.

“This investment reinforces the credibility and viability of Prosper’s new strategic vision,” the investment vehicle stated.

The size of the deal was not disclosed. The latest funding comes just a week after Prosper also received an undisclosed “key investment” from Waterdrip Capital, a venture capital firm founded by Chinese blockchain-aimed entrepreneurs. At the time, Waterdrip also invested in Prosper’s PROS token. Following BIT Mining’s funding, PROS price gained 7%, soaring to $0.52.

Founded in 2021, Prosper is a decentralized protocol that leverages Bitcoin hashrate to unlock the full potential of the network by bridging institutional-grade mining power on-chain. The protocol allows PROS token holders to earn passive income through “limited-duration” staking reward campaigns.

In the future, to be eligible, PROS holders would need to engage in protocol governance by casting at least one vote every three months, either on BNB Chain (formerly Binance Smart Chain) or Ethereum.

Cayman Islands, Cayman Islands, November 14th, 2024, Chainwire

Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM).

Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community. As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.

This investment from BIT Mining represents another significant validation of Prosper’s thesis by institutional backers. In addition to Prosper’s growing roster of top-tier industry partners and sophisticated financial investors (including a recently announced investment by Waterdrip Capital), Prosper’s value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the ecosystem. This investment aligns with Prosper’s strategic direction and supports its new vision.

About BIT Mining Limited

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation, and mining machine manufacturing. The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.

About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter).

Contact Prosper
[email protected]

BIT Mining (NYSE: BTCM) Invests in Prosper’s Native Tokens to Support New Focus on Bitcoin Mining

November 14, 2024 – Cayman Islands, Cayman Islands

Prosper – a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming – today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM). Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community.

As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.

This investment from BIT Mining represents another significant validation of Prosper’s thesis by institutional backers.

In addition to Prosper’s growing roster of top-tier industry partners and sophisticated financial investors – including a recently announced investment by Waterdrip Capital – Prosper’s value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the ecosystem.

This investment aligns with Prosper’s strategic direction and supports its new vision.

About BIT Mining Limited BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing.

The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem.

Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing.

The company also owns seven-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.

About Prosper Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin.

For more information, users can visit the website or follow on X.

Contact Prosper

 

George Town, Cayman Islands, November 15th, 2024, Chainwire

Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through its brand Antminer.

Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosper’s foundation-owned Bitcoin miners, bringing high-quality operational standards for $PROS token holders. The first batch of hashrate under this agreement is expected to come online throughout November via Antpool’s mining pool platform and accessible via Prosper’s v1 web app.

Earlier this quarter, Prosper announced a pivot in its strategic direction to focus on Bitcoin mining and unlock Bitcoin’s potential in liquidity farming. Prosper has entered into an agreement with BITMAIN to enhance execution quality for its miners and $PROS token holders. This also highlights Prosper’s value proposition as the only Web3 Bitcoin mining project that has secured multiple top-notch industry players as key service providers.

About BITMAIN

Since its foundation in 2013, BITMAIN is the world’s leading manufacturer of digital currency mining servers through its brand ANTMINER, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions. The company’s R&D center is situated in Singapore, and it has multiple branches and subsidiaries across the globe, including but not limited to Hong Kong, the United States, Malaysia, and the United Arab Emirates.

About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin’s value layers through bridging institutional-grade Bitcoin mining power on-chain, and unlocking the potential of Bitcoin through liquidity farming. For more information, users can visit prosper-fi.com or follow us on X (formerly Twitter).

Contact Prosper
[email protected]

Prosper enters into long-term agreement with BITMAIN to provide Bitcoin miner hosting services

November 15, 2024 – George Town, Cayman Islands

Prosper – a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming – today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through its brand Antminer. Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosper’s foundation-owned Bitcoin miners, bringing high-quality operational standards for PROS token holders.

The first batch of hashrate under this agreement is expected to come online throughout November via Antpool’s mining pool platform and accessible via Prosper’s web app.

Earlier this quarter, Prosper announced a pivot in its strategic direction to focus on Bitcoin mining and unlock Bitcoin’s potential in liquidity farming.

Prosper has entered into an agreement with BITMAIN to enhance execution quality for its miners and PROS token holders.

This also highlights Prosper’s value proposition as the only Web 3.0 Bitcoin mining project that has secured multiple top-notch industry players as key service providers.

About BITMAIN Since its foundation in 2013, BITMAIN is the world’s leading manufacturer of digital currency mining servers through its brand Antminer, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions.

The company’s R&D (research and development) center is situated in Singapore, and it has multiple branches and subsidiaries across the globe, including but not limited to Hong Kong, the United States, Malaysia and the United Arab Emirates.

About Prosper Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin’s value layers through bridging institutional-grade Bitcoin mining power on-chain, and unlocking the potential of Bitcoin through liquidity farming.

For more information, users can visit the website or follow us on X.

Contact Prosper

 

Dubai, United Arab Emirates, December 13th, 2024, Chainwire

Prosper, a decentralized protocol democratizing access to Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA), today announced the acquisition of over 7,000 ASIC miners from BITMAIN along with the successful closing of its strategic funding round.

Backed by Metalpha, Waterdrip Capital, BIT Mining, Animoca Brands, and more, Prosper has procured the new ASIC miners from BITMAIN to bring institutional-grade execution quality to its protocol Prosper aims to expand its underlying Bitcoin hashrate capacity to accelerate the flywheel of DAO-owned hashrate and Bitcoin treasury operations & democratise access to institutional-grade mining Following the announcement of Prosper’s long-term partnership and hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers, this landmark purchase marks an instrumental step in Prosper’s mission to provide institutional-grade reliability to its mining ecosystem. By leveraging BITMAIN’s cutting-edge products, Prosper enhances the value delivered to its $PROS token holders, further distinguishing itself as the premier Web3 Bitcoin mining protocol backed by leading industry players.

“Bitcoin brought about a fundamental shift in finance by democratizing an economic system in its entirety with blockchain technology. Prosper follows the footsteps of Bitcoin’s core ethos by democratizing access to Bitcoin hashrate, the underlying layer powering Bitcoin-through blockchain technology. This layer of community governance and ownership afforded by blockchain allows Prosper to scale its flywheel of both Bitcoin hashrate and treasury operations while simultaneously helping to ensure that Bitcoin mining layer is sufficiently decentralized to maintain Bitcoin’s status as the most recognized digital reserve currency. ” said Milton Lam, Prosper Advisory Council Member.

Prosper’s Latest Development

1 EH/s of hashrate procured and ready to fully go live (with 250 PH/s live on Prosper’s dApp already) Access to pipeline capacity of 170MW with the mid-term goal of adding another 5 EH/s More than 2 BTC rewards given out to $PROS holders since November Access to more than 200 BTC to be delegated by launch partners to the DAO to unlock TVL opportunities for $PROS holders Strategic Round Closure: Strengthening the Bitcoin Ecosystem

In addition to its BITMAIN partnership, Prosper announced the closure of its strategic funding round, which saw participation from prominent industry players and financial investors, including Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. Earlier in October, Animoca Brands also disclosed its intention to purchase $PROS tokens from the open market.

These investments demonstrate the strong confidence in Prosper’s vision of bridging institutional-grade Bitcoin mining power on-chain and its innovative approach to Bitcoin liquidity farming. The involvement of these strategic partners brings crucial industry expertise and networks to support Prosper’s operations as it scales.

Positioning Prosper for Growth

Prosper’s tokenomics adopts a unique design to ensure hashrate-per-token will only increase and be accretive to $PROS holders. Prosper’s DAO leverages a unique flywheel model with both hashrate and Bitcoin treasury operations – all governed by and for the benefits of $PROS holders. Institutional-grade hashrate generates Bitcoin on an ongoing basis, part of which is rewarded to holders for their active participation, and remaining goes to the DAO treasury. DAO’s treasury Bitcoin can be directed towards TVL opportunities with ecosystem partners such as Bitcoin L2 to generate benefits for $PROS holders and the DAO. Growth in DAO treasury value and $PROS adoption allows the protocol to further expand underlying hashrate and enhance protocol resilience. By combining institutional-grade Bitcoin mining hashrate, a decentralized protocol design backed by strong fundamentals, and an extensive network of strategic partners, Prosper is well-positioned to solidify its status as the flagship decentralized Bitcoin mining protocol.

About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through tokenizing institutional-grade Bitcoin hashrate as omnichain RWA, and aims to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter).

Contact Prosper
[email protected]

Prosper Acquires 7,000 ASIC Miners from BITMAIN and Secures Strategic Funding to Democratize Bitcoin Mining

[PRESS RELEASE – Dubai, United Arab Emirates, December 13th, 2024]

Prosper, a decentralized protocol democratizing access to Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA), today announced the acquisition of over 7,000 ASIC miners from BITMAIN along with the successful closing of its strategic funding round.

Backed by Metalpha, Waterdrip Capital, BIT Mining, Animoca Brands, and more, Prosper has procured the new ASIC miners from BITMAIN to bring institutional-grade execution quality to its protocol Prosper aims to expand its underlying Bitcoin hashrate capacity to accelerate the flywheel of DAO-owned hashrate and Bitcoin treasury operations & democratise access to institutional-grade mining Following the announcement of Prosper’s long-term partnership and hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers, this landmark purchase marks an instrumental step in Prosper’s mission to provide institutional-grade reliability to its mining ecosystem. By leveraging BITMAIN’s cutting-edge products, Prosper enhances the value delivered to its $PROS token holders, further distinguishing itself as the premier Web3 Bitcoin mining protocol backed by leading industry players.

“Bitcoin brought about a fundamental shift in finance by democratizing an economic system in its entirety with blockchain technology. Prosper follows the footsteps of Bitcoin’s core ethos by democratizing access to Bitcoin hashrate, the underlying layer powering Bitcoin-through blockchain technology. This layer of community governance and ownership afforded by blockchain allows Prosper to scale its flywheel of both Bitcoin hashrate and treasury operations while simultaneously helping to ensure that Bitcoin mining layer is sufficiently decentralized to maintain Bitcoin’s status as the most recognized digital reserve currency. ” said Milton Lam, Prosper Advisory Council Member.

Prosper’s Latest Development

1 EH/s of hashrate procured and ready to fully go live (with 250 PH/s live on Prosper’s dApp already) Access to pipeline capacity of 170MW with the mid-term goal of adding another 5 EH/s More than 2 BTC rewards given out to $PROS holders since November Access to more than 200 BTC to be delegated by launch partners to the DAO to unlock TVL opportunities for $PROS holders Strategic Round Closure: Strengthening the Bitcoin Ecosystem

In addition to its BITMAIN partnership, Prosper announced the closure of its strategic funding round, which saw participation from prominent industry players and financial investors, including Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. Earlier in October, Animoca Brands also disclosed its intention to purchase $PROS tokens from the open market.

These investments demonstrate the strong confidence in Prosper’s vision of bridging institutional-grade Bitcoin mining power on-chain and its innovative approach to Bitcoin liquidity farming. The involvement of these strategic partners brings crucial industry expertise and networks to support Prosper’s operations as it scales.

Positioning Prosper for Growth

Prosper’s tokenomics adopts a unique design to ensure hashrate-per-token will only increase and be accretive to $PROS holders. Prosper’s DAO leverages a unique flywheel model with both hashrate and Bitcoin treasury operations – all governed by and for the benefits of $PROS holders. Institutional-grade hashrate generates Bitcoin on an ongoing basis, part of which is rewarded to holders for their active participation, and remaining goes to the DAO treasury. DAO’s treasury Bitcoin can be directed towards TVL opportunities with ecosystem partners such as Bitcoin L2 to generate benefits for $PROS holders and the DAO. Growth in DAO treasury value and $PROS adoption allows the protocol to further expand underlying hashrate and enhance protocol resilience. By combining institutional-grade Bitcoin mining hashrate, a decentralized protocol design backed by strong fundamentals, and an extensive network of strategic partners, Prosper is well-positioned to solidify its status as the flagship decentralized Bitcoin mining protocol.

About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through tokenizing institutional-grade Bitcoin hashrate as omnichain RWA, and aims to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter).

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

5 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

5 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

5 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

5 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

5 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

5 hours ago

PANews reported on April 24th that, according to SoSoValue data, the cryptocurrency market saw mixed performance. The Meme sector rose 1.23% in the last 24 hours, with Binance Life up 8.68%, ORDI (ORDI) up 7.03%, and FLOKI up 3.82%. Meanwhile, Bitcoin (BTC) fell 0.12%, fluctuating narrowly around $78,000; Ethereum (ETH) fell 1.65%, retreating to around $2,300.

In other sectors, the PayFi sector rose 0.99% in the last 24 hours, with Telcoin (TEL) up 4.98%; the DeFi sector rose 0.97%, with Ethena (ENA) up 3.75%; the AI ​​sector rose 0.70%, with SkyAI (SKYAI) up 27.57%; the Layer 2 sector rose 0.60%, with Arbitrum (ARB) up 2.52%; the Layer 1 sector rose 0.27%, with Zcash (ZEC) up 7.54%; the CeFi sector fell 0.01%, with FTX (FTT) remaining relatively strong, rising 1.33%.

Bitcoin (BTC) hovers above $64,000 at press time on Tuesday, holding steady after a roughly 4% drop last week. Data shows that institutional outflows are easing, suggesting broader market recovery potential, while DeXe (DEXE) and Celestia (TIA) have emerged as frontrunners over the last 24 hours. 

Bitcoin sustains a minor recovery as ETF outflows coolBitcoin-focused Exchange Traded Funds (ETFs) recorded four consecutive weeks of over $1 billion in outflows in May and early June. However, institutional trimming has since eased, with $226 million in outflows last week and $315 million the previous week. 

Six consecutive weeks of outflows are mirrored in Ethereum (ETH)-focused ETFs, with $10.05 million last week, followed by $14.91 million the previous week.

Crypto ETFs data. Source: CoinGlassBitcoin maintains a mixed near-term bias, with price remaining below both the 50-day and 200-day Exponential Moving Averages (EMAs) at roughly $68,889 and $78,623, respectively, but holding above a short-term support trendline.

Momentum is mixed on the daily chart, with the Moving Average Convergence Divergence (MACD) holding positive histograms as the average lines rise, while the Relative Strength Index (RSI) at around 41 remains below the neutral band, suggesting rallies could still meet selling pressure.

On the topside, initial resistance is seen at the 50-day EMA near $68,889, where any rebound is likely to be tested, followed by the reclaimed bearish rising trendline around $73,439, with the 200-day EMA near $78,623 acting as a more distant cap.

BTC/USDT daily price chart.On the downside, immediate support emerges from the more recent upward trend configuration around $63,341, while a deeper pullback would put focus on the psychological and structural floor at $60,000, where buyers previously defended the larger bullish structure.

DeXe and Celestia regain bullish strengthDeXe is up over 18% on Tuesday, extending its 32% rise from the previous day. DEXE holds well above the 50-day EMA around $16.13 and the 200-day EMA near $10.67, approaching the June 3 high at $24.49.

The RSI near 60 suggests positive but not overstretched momentum even as the MACD line rises toward its signal line for a potential bullish crossover, hinting at a moderating bullish impulse rather than outright exhaustion.

Looking up, the next notable resistance aligns with the Fibonacci anchor near $24.49, where a sustained break higher would reopen the path toward fresh cycle highs. The 127.2% and 161.8% Fibonacci extension levels are at $31.40 and $43.08, respectively, serving as overhead barriers.

DEXE/USDT daily price chart.Looking down, initial support is seen at the 78.6% Fibonacci retracement at $20.14, followed by the 50% retracement at $15.50.

Celestia is up over 3% at press time on Tuesday, extending its 5% rebound from the 50-day EMA at $0.3738 the previous day. Momentum has improved as the RSI lifts toward 56 and the MACD and signal line rise into the positive territory, hinting that buyers retain the short-term initiative while price remains above the 50-day EMA.

On the topside, initial resistance is aligned at the 50% retracement of the downswing from $0.6257 to $0.2693, at $0.4104, ahead of a stronger supply barrier between $0.4596 and $0.4722.

TIA/USDT daily price chart.On the downside, immediate support is seen around the 50-day EMA at $0.3738. A break there would expose the 23.6% retracement at $0.3285, while only a deeper slide toward the $0.2693 swing low would undermine the emerging constructive tone.

(The technical analysis of this story was written with the help of an AI tool.)