Search results for "POWER"
14:00

Gate Instant Exchange platform adds six new cryptocurrencies: BLAST, CYS, ALMANAK, BTX, US, POWER. Zero fee one-click exchange.

Gate News bot message, according to the official Gate announcement on December 11, 2025 Gate launched six cryptocurrencies—BBLAST, CYS, ALMANAK, BTX, US, and POWER—on the instant exchange platform on December 11. Users can now perform exchange operations for these tokens through the instant exchange platform. The Gate instant exchange platform currently supports the conversion of over 2200 cryptocurrency assets, offering one-click exchange services without any fees.
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BBLAST-32.44%
CYS-16.81%
ALMANAK-60.08%
BTX84.95%
11:55

Institution: US AI company faces power constraints, which will drive up operating costs

Golden Finance reports that Edmond de Rothschild Asset Management's Chief Investment Officer Benjamin Melman pointed out that American artificial intelligence companies are facing fierce competition in electricity costs. He stated that the current electricity capacity in the U.S. is insufficient to meet the growing demand of AI companies, and electricity prices are significantly higher compared to other countries. "The U.S. has a fierce competitive issue regarding electricity costs, which will drive up AI operational costs."
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08:05

Cysic(CYS) will be officially launched for spot trading on Gate global on December 11.

Gate News bot message, according to the official announcement from Gate on December 11, 2025 Gate will officially launch Cysic (CYS) spot trading at 18:00 (UTC+8) on December 11, 2025, with the trading pair CYS/USDT. Cysic has built the ComputeFi infrastructure, transforming global computing power into verifiable and tokenizable on-chain assets. By integrating hardware acceleration, ZK proof systems, and a tokenized marketplace of verifiable computing power, Cysic redefines global computing resources into an open resource pool. The CYS contract address is 0x0C69199C1562233640e0Db5Ce2c399A88eB507C7 (based on BSC).
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CYS-16.81%
06:44

Data: Bitcoin drops 50% due to stablecoin inflows, falling into liquidity crisis

ChainCatcher Message, according to on-chain data, the main reason Bitcoin prices are currently difficult to recover is due to insufficient liquidity. Data shows that since August, the 7-day average of stablecoin inflows into exchanges has plummeted from $158 billion to approximately $76 billion, a 50% decrease. The 90-day average has also declined from $130 billion to $118 billion. Analysis indicates that this reflects weak demand for Bitcoin, unable to absorb market selling pressure. The current market is in a downward trend, and recent slight rebounds are mainly due to reduced selling pressure rather than a return of buying interest. Tracking stablecoin inflows helps to determine whether new liquidity is about to enter the market. Analysts emphasize that for Bitcoin to restart a genuine bull market, the key is new liquidity entering the market. The current market lacks sufficient buying power to support a price increase.
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BTC-2.53%
06:06

POWER (Power Protocol) increased by 16.99% in the past 24 hours, with a market capitalization of approximately $49.8 million

Gate News Bot message, December 11th, according to CoinMarketCap data, POWER (Power Protocol) is currently priced at $0.24, up 16.99% in the past 24 hours, reaching a high of $0.32 and a low of $0.07. The 24-hour trading volume is $820 million. The current market capitalization is approximately $49.8 million, an increase of $7.24 million compared to yesterday.
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POWER3.28%
GT-3.47%
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05:00

Power Protocol(POWER) will be officially launched on Gate Global on December 11. The 327nd HODLer Airdrop is now live. Holding 1GT allows you to participate for free and share in 105,000 POWER.

Gate News bot 消息,据 2025年12月11日 Gate官方公告 Gate将首发上线Power Protocol(POWER)现货交易,并开启第327期HODLer Airdrop活动。本次空投总量为105,000枚POWER代币,100%解锁。持有1枚GT的用户可按GT持仓占比瓜分空投奖池。HODLer Airdrop将于2025年12月11日20:00(UTC+8)结束,POWER/USDT交易对将于同日21:00(UTC+8)开启。 Power Protocol是一个激励层,通过将用户行为和应用收入转化为链上奖励,将主流应用连接至Web3。该协议与Fableborne同步推出,获得Delphi、Spartan、Mechanism和Sky Mavis等企业支持,旨在为数百万Web2用户提供首次有意义的链上体验。POWER代币为ERC-20代币,总量10亿枚,合约地址为0x9dc44ae5be187eca9e2a67e33f27a4c91cea1223。
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POWER3.28%
GT-3.47%
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08:24

Zcash needs to rise nearly 60% to truly recover? Risks and key resistance associated with Bitcoin are the biggest variables

Zcash (ZEC) is trying to recover lost ground after the November plunge. After experiencing a significant decline of over 55%, ZEC has recently rebounded by approximately 40%, and market sentiment has recovered, but the full recovery still faces multiple uncertainties. In terms of technical indicators, the RSI has broken above the 50 neutral range for the first time in two weeks, indicating increased buying power and a short-term bullish bias is forming. In general, the RSI's return to positive range is often seen as an early signal of a trend reversal, but this does not mean that ZEC has established itself in an upward trend. The macro market remains highly sensitive to risk assets, and the slightest movement could weaken ZEC's new vitality, so sustained buying is key to short-term gains.
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ZEC4.24%
BTC-2.53%
01:57

Putin: The development of new payment tools is evolving naturally; no one can ban Bitcoin.

Putin pointed out at an investment forum that the development of new payment tools is inevitable, especially electronic payment tools such as Bitcoin. He stated that the declining use of the US dollar will weaken its economic power and criticized the US government for using the dollar for political purposes, which has led other countries to seek alternative assets such as cryptocurrencies.
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BTC-2.53%
01:26

CC (Canton) up 21.14% in 24 hours

According to Gate News Bot, as of December 9, CoinMarketCap data shows that CC (Canton) is currently priced at $0.08, up 21.14% in 24 hours, with a high of $0.08 and a low of $0.06. The current market capitalization is approximately $2.724 billion, an increase of $475 million compared to yesterday. Canton is a network that integrates the power of capital markets with the real value of blockchain. The Canton Foundation ensures fair governance and oversight of the Global Synchronizer, a decentralized infrastructure that connects all parts of the Canton network. The network currently has 37 super validator nodes and 622 validator nodes, with daily transaction fees around $793,000, and a circulating supply of tokens at
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CC-2.36%
01:21

POWER (Power Protocol) up 43.22% in 24 hours

Gate News Bot message: On December 9, according to CoinMarketCap data, as of press time, POWER (Power Protocol) is currently trading at $0.30, up 43.22% in 24 hours, reaching a high of $0.32 and a low of $0.07. The 24-hour trading volume reached $90.7 million. The current market cap is about $62.9 million, an increase of $19 million from yesterday. # Recent key news about POWER: 1️⃣ **Rising attention in AI infrastructure sector** As an energy-related protocol, Power Protocol is at the core track of AI infrastructure development. With the expansion of AI service infrastructure such as cloud computing and data centers, energy supply and management have become key bottlenecks, driving the market’s focus on energy efficiency and distributed energy management sol
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POWER3.28%
BTC-2.53%
05:36

Gate Ventures Releases 2026 Outlook Report: Accelerated AI × Web3 Integration, Five Key Forces Reshaping the Global Value Network

Odaily Planet Daily News: According to an official announcement, Gate Ventures has officially released its 2026 outlook report, identifying five key trends that will reshape the global value transfer, computing, and intelligence systems. These include: real-time information aggregation layers for on-chain markets, global borderless payments and FX networks, machine-native financial systems for autonomous robots, institution-grade unified yield engines, and the transformation of crypto mining into distributed AI computing power and energy supply. The report points out that these forces are driving Web3 to become crucial collaborative infrastructure in the AI economy era. The report suggests that the industry is currently entering a decisive turning point toward 2026, with real-time on-chain intelligence layers rapidly emerging in prediction and trading markets; decentralized payment and FX networks are breaking through traditional payment systems to achieve instant global settlement; autonomous robots are beginning to interact and transact on-chain with machine identities; institutions
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10:03

Western Union will launch a payment card supporting stablecoin preloading, primarily targeting markets with high inflation economies.

Odaily Planet Daily News: International remittance giant Western Union has announced the launch of a payment card that supports stablecoin preloading, currently targeting countries and regions with severe inflation. The move aims to further expand the integration of digital assets into its payment services strategy. Western Union CFO Matthew Cagwin stated that the card is mainly designed to provide greater purchasing power stability, especially in economies experiencing significant currency devaluation, such as Argentina, where inflation exceeded 200% last year. Stablecoin cards denominated in US dollars can help remittance recipients better preserve value. In addition, Western Union revealed that it is still preparing to launch the USD payment token USDPT, a stablecoin issued by Anchorage Digital on the Solana network, previously planned for launch in 2026. (Criptonotici)
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07:55

Kalshi data featured on CNBC and CNN, media partnerships fully upgraded, further widening the gap with Polymarket

Kalshi is continuously expanding its leading position in the prediction market through strong media partnerships. Although competitor Polymarket has confirmed its imminent return to the US market, Kalshi’s recent moves have further solidified its industry advantage. Yesterday, CNBC announced that starting in 2026, it will fully integrate Kalshi’s real-time prediction data across its television and online platforms. Core programs such as "Squawk Box" and "Fast Money" will feature Kalshi’s event probability analyses, which will also be displayed in the news ticker. In addition, Kalshi will have a dedicated market data page on the CNBC website. CNBC President KC Sullivan stated that prediction markets are changing the way investors and business leaders make decisions, and Kalshi’s data will greatly enhance the depth and explanatory power of financial reporting.
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07:20

BONK team upgrades fee structure: significantly increases DAT purchase power and strengthens BNKK token holdings

The BONK team has announced a comprehensive overhaul of its platform fee structure, aiming to significantly increase the amount of DAT tokens purchased by Bonk Holdings Inc. (BNKK) and thereby expand its long-term holdings. This move is seen as a key step forward for the BONK ecosystem in terms of governance and asset accumulation. According to Bonk.fun, effective immediately, 51% of all platform fees collected will be used to support BNKK in purchasing DAT tokens—a dramatic increase from the previous allocation of just 10%. To achieve this, the platform has reallocated 35% of funds previously used for "buy and burn," as well as resources from SBR and BONK rewards, while keeping the community budget unchanged. The team emphasized that although the use of fees is changing, the overall buy pressure on BONK will not be reduced.
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BONK-7.26%
SBR0.41%
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04:33

Bitfury announced it has increased its investment in Gonka to $50 million, fully ramping up its commitment to decentralized AI computing power.

PANews, December 4—Following its previous $12 million subscription for 20 million GNK tokens, Bitfury has announced an official increase in its overall strategic investment in Gonka to $50 million, making it one of the key pillars of this decentralized AI computing power network. The committed $50 million will be used to accelerate the development of the Gonka protocol and ecosystem, promoting the expansion and global adoption of its efficient GPU network infrastructure. The Gonka team pointed out that the network uses a PoW (Proof-of-Work) model tailored for real AI inference/training tasks, allowing contributors ranging from single-card GPUs to large data centers to directly participate in computing power sharing without the need for traditional cloud service providers or centralized computing providers. Since its official launch in August 2025, Gonka’s distributed
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02:40

Bitcoin mining business contracts, Greenidge sells South Carolina land and 60MW power rights

As the scale of mining in the crypto industry continues to shrink, Bitcoin miner and power supplier Greenidge Generation is accelerating the adjustment of its asset structure, announcing the sale of its remaining land and future 60 megawatt (MW) power service rights in Spartanburg, South Carolina. According to documents filed on Tuesday, the company is selling two parcels totaling 152 acres to a subsidiary of real estate investment giant Lightstone Group, and is also transferring the 60MW "initial load" power allocation rights for the site. The related power is expected to come online in September 2026.
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BTC-2.53%
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06:11

Bitwise warning: In the past three months, Ethereum treasury holdings have plummeted by 80%, and Bitmine is intensifying market centralization.

The latest data from Bitwise shows that Ethereum treasury transactions are experiencing a sharp decline. In November, digital asset treasury companies purchased only 370,000 ETH, a drop of about 81% compared to 1.97 million ETH in August, signaling that the current "altcoin season" is gradually coming to an end. Bitwise senior researcher Max Shannon pointed out that this trend is similar to previous cycles: as alternative assets increase, it becomes more difficult for the same capital pool to meet demand. In July of this year, the Ethereum treasury market heated up rapidly, with multiple companies emulating Bitcoin treasury strategies for acquisitions. Among them, Bitmine, led by Wall Street strategist Tom Lee, continued to dominate the market, holding more Ethereum than the combined total of the other 68 treasury companies, making it the largest Ethereum-holding enterprise. Meanwhile, the purchasing power of smaller treasury participants declined, premiums were compressed, and they faced elimination pressure, leading to an intensified trend toward market concentration.
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ETH-6.4%
BTC-2.53%
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05:47

HBAR (Hedera) up 12.87% in 24 hours

According to Gate News Bot on December 3, citing CoinMarketCap data, as of press time, HBAR (Hedera) is trading at $0.15, up 12.87% in the past 24 hours, reaching a high of $0.15 and a low of $0.13. The current market capitalization is approximately $6.318 billion, an increase of $720 million from yesterday. Hedera is a public network governed by a council of leading global institutions, dedicated to providing a fast, secure, and compliant infrastructure for decentralized applications. Hedera leverages innovative hashgraph consensus technology to power decentralized apps without compromising speed, efficiency, or security. As the only public network managed by known organizations, Hedera's unique governance framework offers robust decentralization, unparalleled transparency, and trusted decision-making. HBAR recently...
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HBAR-6.41%
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17:41

Amazon launches custom AI chip Trainium3, NVIDIA faces a new round of competition.

Golden Finance reported that Amazon Web Services has publicly launched its custom artificial intelligence chip, Trainium3. The company stated that the chip's computing speed is four times that of the previous generation of AI chips. Compared to systems using equivalent GPUs, the Trainium3, produced by AWS's Annapurna Labs custom chip design business, can drop the cost of training and operating AI models by up to 50%. These chips are designed to provide more powerful computing power for software developers like Dean Litesdorf, co-founder and CEO of AI video startup Decart. Litesdorf said that after testing several competing chips, including those from NVIDIA, his company made breakthroughs on Trainium3. The launch of Trainium3 is the latest offensive against NVIDIA, which dominates the GPU market, with an increasing number of people.
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11:54

Aethir releases a strategic roadmap for the next 12 months to accelerate the rise of global enterprise-level AI Computing Power business.

Odaily News Decentralization GPU cloud computing platform Aethir officially announced its strategic roadmap for the next 12 months, focusing on global GPU infrastructure expansion, chain migration, strategic computing power reserve (SCR) implementation, developer ecosystem upgrades, and institutional-level computing power access, among other directions. The roadmap highlights include: Q4 2025: Expanding GPU inventory (H200/B200/B300), promoting more enterprise computing power contracts, and releasing RWA financial solutions and the 2025 annual review. Q1 2026: Launching Aethir v2 Mainnet, Proof-of-Compute upgrade, ATH Vault enhancement, Cloud Credits API release, and officially completing chain migration. Q2 2026: Strategic computing power reserve welcomes opportunities.
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ATH-9.25%
09:55

Canaan collaborates with SynVista: AI-driven Bitcoin Mining combined with renewable energy

Bitcoin mining and renewable energy innovation take a new step forward. Canaan announced a collaboration with SynVista Energy to jointly develop an AI-driven platform that matches Bitcoin mining with surplus renewable energy electricity, and tokenizes energy, carbon reduction, and mining profits on-chain. The platform utilizes an AI scheduling engine to dynamically adjust computing power demands based on real-time fluctuations in renewable energy generation, thereby maximizing the utilization of green energy while avoiding grid pressure. Canaan stated that this adaptive system can channel surplus or idle energy into mining, addressing the waste problem caused by fluctuations in renewable energy generation.
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BTC-2.53%
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09:39

The miner wallet of Satoshi Nakamoto from the dormant 15 years has awakened, and a transfer of 50 BTC has attracted market follow.

At the beginning of December, a Bitcoin miner wallet that had been dormant for over 15 years was awakened under record mining pressure, transferring 50 Bitcoins to an external Address, valued at approximately 4.33 million dollars. The on-chain tracking platform Lookonchain confirmed that the wallet belonged to the "Satoshi Nakamoto era," and this transfer became one of the oldest Bitcoin movements in recent years. Data from miner reserves shows that Bitcoin miners have sold approximately 300,000 Bitcoins over the past two years, with miner reserves continuously declining, reflecting ongoing selling pressure in the market. Mining difficulty has risen to a historical high of 149.30 trillion hashes, and revenue from computing power has decreased from about $55/PH/s in Q3 2025 to $35/PH/s in November, below the average cost of major mining companies at $44/PH/s. Even with the latest generation of mining machines, the payback period exceeds 1000 days, far surpassing the countdown to the next Bitcoin halving.
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BTC-2.53%
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08:24

BitMine increased its holdings by 23,773 ETH over three days, investing $70 million to position itself for a potential Ethereum rebound.

BitMine Immersion Technologies has accumulated a total of 23,773 Ether over the past three days, worth approximately $70 million, further solidifying its position as the largest enterprise-level ETH holder in the market. This round of operations includes the purchase of 7,080 ETH yesterday and an additional 16,693 ETH bought over the weekend, bringing its total open interest to over 3.7 million, accounting for more than 3% of the total supply of Ethereum. According to Lookonchain's on-chain tracking data, BitMine has recently been continuously increasing its holdings through FalconX, and the buying power for Ethereum has been particularly prominent during the recent turbulent market conditions. The company has previously stated that its long-term goal is to hold 5% of the total supply of Ethereum, and it has currently achieved about 63%. In just November, BitMine accumulated nearly 150,000 ETH in the face of continuous price corrections, demonstrating a long-term optimism for this asset.
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ETH-6.4%
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02:44

Cango's revenue for the third quarter was $225 million, with Bitcoin mining income accounting for nearly 99%.

Odaily News Cango (NYSE: CANG) announced its unaudited financial report for the third quarter of 2025, with quarterly revenue reaching 224.6 million USD, a rise of 60.6% quarter-over-quarter, of which the Bitcoin mining business contributed 220.9 million USD. The company recorded an operating profit of 43.5 million USD, a net profit of 37.3 million USD, and an adjusted EBITDA of 80.1 million USD. The average computing power in the third quarter rose from 40.91 EH/s in July to 44.85 EH/s in September, and further increased to 46.09 EH/s in October; a total of 1930.8 coins were mined in the quarter.
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BTC-2.53%
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01:27

Arca Chief Investment Officer: This is the weirdest round of dumping in history, original investors are exhausted, and new funds have also failed to get on board.

Arca's Chief Investment Officer Jeff Dorman stated that the current big dump in the crypto assets market is "the strangest selling wave in history." Despite multiple favourable information factors, the market still lacks buying power, native investors are exhausted, and new funds have failed to get on board, leading to a continuous fall in prices.
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04:51

CITIC Construction Investment: The Fed's rate cut cycle is expected to continue, which will inject new momentum into the rise of gold prices.

According to a report by Jinse Finance, CITIC Securities released a research report stating that the explanatory power of marginal demand on gold pricing has increased. Returning to traditional supply and demand logic, due to relatively stable gold supply, with annual production basically maintained at around 3600 tons, the true pricing variable for gold lies in demand, especially marginal demand. Gold demand mainly includes three parts: private sector consumption demand, private sector investment demand, and official gold purchasing demand. In the past, marginal demand for gold was mainly contributed by ETF demand from Europe and the United States (private sector investment demand in Europe and the United States, mainly from overseas institutional investors), and its demand or investment framework mainly depended on the real interest rate of U.S. Treasury bonds. Private sector investment demand in Europe and the United States (such as ETF demand) still shows a strong correlation with the real interest rate of U.S. Treasury bonds. As U.S. inflation recedes and labor market resilience declines, expectations for Fed interest rate cuts in the second half of the year are rising, leading to a decline in nominal and real interest rates driven by the onset of rate cuts.
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09:01

As the United States makes efforts to mediate, Russia and Ukraine are launching attacks against each other.

BlockBeats news, on November 29, as the United States intensified pressure to ensure a peace protocol regarding the nearly four-year-long Russia-Ukraine conflict, Russia and Ukraine launched airstrikes against each other overnight, with one missile targeting Kyiv and a Russian oil refinery catching fire. Kyiv's mayor Vitali Klitschko stated that the large-scale attacks on the Ukrainian capital resulted in two deaths and at least 29 injuries, with 19 people hospitalized. The city's air defense alarms lasted for 12 hours, leaving 500,000 people without power on Saturday morning. Meanwhile, the Krasnodar region on Russia's Black Sea coast was subjected to drone strikes, causing a fire at the Afipsky refinery and damaging unspecified technical equipment. (Jin10)
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03:12

Circle has minted another 500 million USDC, with a total issuance increase of 18.25 billion USD since October 11 in conjunction with Tether.

Odaily News According to Lookonchain monitoring, Circle has just minted another 500 million USDC. The data shows that since the market adjustment on October 11, the two major stablecoin issuers, Tether and Circle, have collectively minted stablecoins worth a total of 18.25 billion USD. Large-scale stablecoin minting is often interpreted by the market as a potential signal of capital inflow or increased purchasing power.
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12:23

TSMC confirms that the Arizona Fab 21 plant experienced a power outage in September, with wafer loss and financial impact yet to be determined.

TSMC recently confirmed that its Fab 21 factory in Arizona experienced production disruptions in late September due to a power outage from a supplier. According to insider Tim Culpan, the outage forced the factory to scrap some wafers, but TSMC has not disclosed the specific number of losses or economic impact. A TSMC representative confirmed to Tom's Hardware that the power outage did occur but did not confirm whether it resulted in wafer losses. The power outage originated from the UK industrial gas supplier Linde, which is responsible for supplying critical materials to Fab 21. Although the Fab 21 plant itself did not experience a power cut (equipped with backup generators), the disruption in the supply of critical materials forced the plant to halt production for several hours and caused potential losses. TSMC in the US must rely on external suppliers to manage gas infrastructure, while in Taiwan it is managed internally, making Fab 21 more susceptible to supply chain disruptions.
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12:10

XRP buying pressure surged by 1000% in a week, can the key resistance level be突破?

Since November 21, XRP has risen nearly 26%, but the price is hovering in a key range, with a relatively mild pump. Recently, buying pressure on the exchange has surged, while the price fall has failed to break through the support level, indicating limited selling momentum. XRP is still below the key resistance level since mid-November. If it breaks through that resistance level, the trend may reverse. The price is currently fluctuating within a descending wedge, which is usually a bullish signal. Once the buying power strengthens, the price is expected to break upward. Since November 25, the lower boundary of $2.14 has absorbed all selling attempts, and even with the 100-day and 200-day EMA completing a death cross, the price has not fallen below the support.
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XRP-3.6%
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09:24

Data: The supply of stablecoins has reached a historical high, which may indicate the trend of Bitcoin.

According to ChainCatcher news, a recent research report by CryptoQuant indicates that the total supply of ERC20 stablecoins has surpassed $160 billion in 2025, reaching a historical high, which is considered a key indicator for predicting Bitcoin price movement. The research points out that compared to the global M2 Money Supply, the supply of stablecoins shows a more significant correlation with Bitcoin price movement. The report analyzes that stablecoins, as the main source of liquidity in the crypto market, can reflect the flow of investor funds more quickly and directly, and their supply growth often precedes the rise in Bitcoin prices. During the bull run in 2021 and the market recovery in 2024-2025, the growth of stablecoin supply clearly preceded the rise in Bitcoin prices. The CryptoQuant research team states that the current supply of stablecoins is at a historical high, indicating the underlying purchasing power of the market.
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BTC-2.53%
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05:33

Polygon executives: Stablecoins will enter the "hundred thousand issuers era," and banks will be forced to restructure their capital models.

Odaily News Polygon's Global Head of Payments and RWA Aishwary Gupta believes that global stablecoins are entering a "Supercycle," with the number of stablecoin issuers potentially exceeding 100,000 in the next five years. Gupta pointed out that Japan is participating in government bonds and policy stimulus pilots through stablecoins like JPYC, demonstrating that stablecoins can become tools of national economic sovereignty rather than undermining Central Bank power. He stated that stablecoins, like fiat, are affected by monetary policy and essentially enhance the global demand for a country's currency, similar to how stablecoins drive the use of the US dollar. Gupta also warned that stablecoin yields are attracting low-interest deposits (CASA) in the banking system to flow on-chain, weakening banks' ability to create credit and maintain low-cost capital. To respond to competition, he expects banks to issue "deposit tokens" on a large scale to retain funds within their own assets.
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00:41

Russian lawmakers proposed an amnesty policy for cryptocurrency miners.

Members of the State Duma of Russia proposed at the forum to implement amnesty for encryption miners using illegal imported equipment, aiming to legalize 60% of underground miners to increase sign up rates and tax revenue, while alleviating power supply tensions and enforcement pressures.
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00:19

The encryption mining company Bitfury invested $12 million in a strategic investment in the decentralized AI computing power network Gonka AI.

Golden Finance reports that the global leading encryption mining company Bitfury Group has recently completed a strategic investment of $12 million in the decentralized AI computing network Gonka.ai, subscribing to 20 million GNK tokens at a price of $0.6 per token. Gonka.ai was founded by serial entrepreneurs the Liberman brothers, aiming to build a blockchain-based distributed GPU computing power market. This investment is Bitfury's first public investment after establishing a $1 billion ethical AI fund, signaling that traditional mining companies are systematically laying out the decentralized AI infrastructure track. According to previous reports, Gonka completed a $18 million financing in 2023, with investors including OpenAI investor Coatue Management, Solana investor Slow Ventures, K5, Insight and
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11:54

MicroBit Capital announces a donation of $100,000 to support the fire rescue efforts in Tai Po, Hong Kong.

Hong Kong Xiaofei Asset Management Co., Ltd. urgently donated $100,000 to support the community affected by the Tai Po fire, reflecting corporate social responsibility. The donation will be distributed to affected families and rescue personnel through the Hong Kong Youth Student Power Fund, while also innovatively launching channels for donations in both traditional and virtual assets.
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01:21

Tether has confirmed to the Ministry of Labor of Uruguay that it will cease operations locally.

Tether Holdings Ltd. announced that it will cease operations in Uruguay, laying off 30 employees due to the project's current economic infeasibility. The company had planned to invest $500 million in building data centers and renewable energy facilities, and has already invested over $100 million. However, due to high transmission costs, Tether hopes to amend its power procurement contracts to drop operational costs.
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00:45

Tether CEO responds to S&P's downgrade of USDT rating: The fragility of the old system is making those in power feel uneasy.

Tether CEO Paolo Ardoino scoffed at the latest rating from S&P, stating that its traditional rating system leads investors to failure and questioning the independence of rating agencies. He emphasized that Tether has become a highly profitable company with over-capitalization and non-toxic assets, showing that the fragility of the old financial system makes those in power uneasy.
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20:38

HIVE has launched a $300 million offering plan to enhance its AI infrastructure layout.

Jinse Finance reported that HIVE Digital Technologies has launched a stock sale plan at market value of up to $300 million to enhance funding flexibility and accelerate its transition to the AI and high-performance computing sectors. The company recently purchased land in Canada to build a data center capable of accommodating over 25,000 GPUs, with its "dual-engine" model leveraging Bitcoin mining revenue to drive computing power infrastructure expansion. Revenue in the latest quarter increased by 285% year-on-year, while Bitcoin production rose by 77% quarter-on-quarter.
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BTC-2.53%
10:11

AIOZ AI builds a decentralized full-stack AI infrastructure, focusing on "more efficient, more secure, more accessible".

The AIOZ AI ecosystem based on DePIN is building a full-stack decentralized artificial intelligence infrastructure aimed at giving developers, researchers, and technical teams better control over their AI assets. AIOZ Network founder and CEO Erman Tjiputra stated that traditional AI models are often developed in opaque environments, lacking transparency, while AIOZ AI's distributed approach offers "more efficient, more secure, and more accessible" AI computing. Through AIOZ AI, users can upload datasets and train models, and can also earn token rewards based on model performance and usage by others. All of this is supported by the decentralized physical infrastructure network (DePIN) of AIOZ Network, with over 300,000 devices contributing idle computing power for AI computing, decentralized storage, and content distribution.
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AIOZ-5.67%
08:13

Analyst Murphy: The resistance for BTC to return to $90,000 is relatively small, with the key resistance level at $92,000.

PANews November 26 news, analyst Murphy pointed out that based on current data observations, it is not difficult for BTC to return to $90,000, as $90,000 is not a strong resistance level. The average cost of short-term holders shows that BTC may only encounter significant selling pressure when entering the range of $92,000 to $99,000. At the same time, data from the options market shows that the Call activity at the $92,000 strike price is significantly higher than at $90,000, especially the selling Calls at $92,000 far exceed those at $90,000, which will lead to the formation of strong resistance in the market. Murphy emphasized that the key battle for BTC above $92,000 is the core area that determines the trend, especially close to the $98,000 position, which is the "fair price" line for BTC over the past decade. However, recent market confidence has been undermined due to a large amount of realized losses, making it difficult to form effective buying power in the short term. The future trend of BTC still needs to pay attention to market sentiment and resistance.
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BTC-2.53%
06:41

American Bitcoin, under Eric Trump, owns 35,000 Mining Rigs, with a daily output accounting for about 2% of the new Bitcoin supply.

Trump's son Eric Trump shared the behind-the-scenes operations of the American Bitcoin Mining Farm, revealing its massive operational scale. The company utilizes liquid-cooled servers and domestic energy to mine approximately 2% of the daily Bitcoin supply. This development has further sparked interest in the company's rising influence in the Bitcoin mining sector. In a video posted on the X platform, Eric Trump showcased the high-tech Mining facilities of American Bitcoin. The facility has 35,000 liquid-cooled servers designed specifically for Bitcoin Mining. Each server uses what he calls "domestic American energy," emphasizing the facility's reliance on local power resources.
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BTC-2.53%
09:11

Bitcoin mining has entered its weakest profitability period in history: Computing Power prices have dropped by about 36.4% compared to Q3.

Bitcoin mining has entered the weakest profitability period in history, with Computing Power prices falling from an average of about $55/PH/s in the third quarter to below about $35/PH/s in November. The network Mining Difficulty has reached a new high of over 1.1 ZH/s, while recent market adjustments have pushed the payback period for new hardware investments to over 1200 days—far exceeding the time until the next Halving.
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BTC-2.53%
06:54

CHILLGUY (Just a chill guy) has pumped 21.20% in 24 hours

Gate News Bot news, on November 25, according to CoinMarketCap data, as of the time of publication, CHILLGUY (Just a chill guy) is currently priced at $0.02, with a rise of 21.20% in the last 24 hours, reaching a high of $0.02 and a low of $0.02. The current market capitalization is approximately $19.7 million, an increase of $3.45 million compared to yesterday. Currently, CHILLGUY ranks 748th in the global Crypto Assets market capitalization. Chill Guy is a meme character that embodies a relaxed atmosphere, known for staying calm, casual, and "low-key". The mission of the project is to spread the art of staying calm in a chaotic world. Through the Chill Guy movement, it helps people discover the power of mindfulness, find inner peace, and learn to take life easy. The project slogan is "No pressure, only fun".
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CHILLGUY-5.94%
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