Crypto Market Dynamics: Bitcoin Miners Thrive, Ethereum Champions Decentralization Amid US Political Shifts
Crypto Market Dynamics: Bitcoin Miners Thrive, Ethereum Champions Decentralization Amid US Political Shifts
BitFuFu reported a doubling of Q3 revenue, driven by a significant surge in Bitcoin prices that boosted demand for mining operations and cloud mining services. Simultaneously, the US government shutdown concluded, marking a return to federal operations. In the realm of blockchain philosophy, Vitalik Buterin and other Ethereum leaders released a 'Trustless Manifesto,' emphasizing the critical importance of upholding decentralization even in the pursuit of wider adoption.
The average cost of Bitcoin during Q3 last year was $61,000, in contrast to $114,500, according to BitFuFu, which led more miners to buy up machines and use cloud mining to get some for themselves.
US President Donald Trump signed the bill ending the record 43-day government shutdown and resuming federal operations.
Vitalik Buterin and two other Ethereum leaders have written a “Trustless Manifesto” to call on builders to never sacrifice decentralization in pursuit of adoption.