🟪 The future of Web3 lies in the Asia-Pacific

In a year when global investment in Web3 seemed to be slowing down, APAC investment has been accelerating.

January 07, 2024

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The future of Web3 lies in the Asia-Pacific

In a year when global investment in Web3 seemed to be slowing down, APAC investment has been accelerating. Read More

Top Stories

  1. Funding Wrap: 2024 kicks off with Solscan deal, Saylor sales — Read

  2. Grayscale, Fidelity join expanding fray in final stretch for a possible spot bitcoin ETF — Read

  3. DCG repays all short-term loans to Genesis — Read

  4. 26 months after bitcoin futures ETFs launch, traders brace for a spot product — Read

  5. BlackRock, Valkyrie inch closer to potential spot bitcoin ETF decision — Read

Top Insights

  1. Crypto lending is nothing without transparency — Read

  2. How RWAs robbed 2023 of its liquidity — Read

  3. Privacy is going mainstream — Read

  4. NFTs are the new cookies — Read

  5. It’s a Solanaissance: These 5 charts will cure the Ethereum vibecession — Read

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Bitcoin Miners: The Megawatt Trade

Bitcoin miners are entering a structural transformation as power replaces hashrate as the key driver of value. Following the latest halving and record network difficulty, margins have compressed sharply, accelerating a pivot towards high-performance computing (HPC). Miners controlling cheap, scalable, grid-connected megawatts are evolving into critical infrastructure providers. This shift is redefining valuations, from legacy EV/Hashrate multiples to EV/MW and HPC cash-flow potential. Leaders such as IREN, Core Scientific, TeraWulf, and Cipher are capitalizing through colocation and cloud contracts, positioning the sector at the intersection of AI infrastructure

by Sam Schubert

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