矿工 · 4568

Arthur Hayes: Flop Labs will create a decentralized computing power network, and testnet participants will receive about 20% of the token supply

Comparing news, Arthur Hayes published the article “The Book of Genesis” to explain the core ideas and token economy design of his AI/crypto project Flop Labs with mythological narratives. He pointed out that the AI market currently lacks uniform computing power pricing standards, and the definition and pricing of “tokens” vary from model to model. Hayes proposed the construction of Flop Network, a decentralized computing power network, using FLOP as the native token to represent direct claims for computing power (FLOPs), so that AI agents and humans can trade at a globally unified computing power unit price. The FLOP token economy uses a fair launch model, the team is self-funded, and there are no pre-sales. Miners receive FLOP block rewards and inference fees by providing “proof of useful reasoning” (PoUI) mining, and AI agents can use $FLOP to buy computing power (“food”) and obtain lasting memory (“personality”) in combination with decentralized storage. Testnet participants will receive approximately 20% of the token supply (distributed over ten years). Hayes said that if AI agent economic predictions come true, Flop Network's value may far exceed Bitcoin.

2d ago

Analysis: 8 of the 12 Bitcoin capitulation indicators have been triggered, but historical data has yet to show bottom confirmation

Comparing news, crypto asset management company VanEck's latest report shows that Bitcoin is currently releasing a “capitulation signal” similar to the end of the historical bear market, but the data indicates that the bottom of the market has not been fully confirmed. VanEck said that of the 12 Bitcoin market capitulation indicators currently being tracked, 8 have entered extreme regions, and 12 indicators have also reached trigger levels in the past three months. These indicators mainly measure market pressure factors such as Bitcoin price retracement, miner profitability, and the loss ratio of coin holders. However, historical performance did not show that these signals meant that a short-term bottom had formed. VanEck data shows that when 8 to 12 indicators are triggered simultaneously in history, Bitcoin's average return over the next 90 days is about 12.8%, and the 180-day average return is about 32%, all lower than Bitcoin's long-term average (15.2% for 90 days and 36.3% for 180 days). The relevant signals only showed a comparative advantage over a one-year cycle. Bitcoin is currently down about 49% from its record high in October 2025. The price has recently fluctuated in the range of $62,300 to $66,500. The actual 30-day volatility has dropped to 27.2%, far below the long-term average of about 80%. Miner pressure is still an important risk factor in the current market. The daily revenue of the Bitcoin network fell by about 46% compared to last year, and mining difficulty fell 18.3% from the peak in November 2025, which is one of the biggest declines since China's mining ban in 2021. Some inefficient mining machines have withdrawn from the market. VanEck believes that the current capitulation index is more suitable as a tool to determine the market cycle position rather than a short-term bottoming signal. Investors should pay more attention to cycles of one year or more based on these indicators rather than expecting an immediate strong rebound within the next few months. (CoinDesk) This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

3d agoburnking

SkyBridge Capital founder: BTC returns to the $100,000 catalyst or will have to wait another 20 months

Comparatively, according to Yahoo Finance, SkyBridge Capital founder Anthony Scaramucci said in a CNBC interview that Bitcoin's current narrow fluctuation is due to three factors: miners turning resources to AI, capital inflows into AI, and cryptocurrency's position in the four-year market cycle. He still expects Bitcoin to rise to $100,000, but the next catalyst could take 20 months. He pointed out that Bitcoin is in a “clear bear market,” but the current round's decline was only about 55%, far lower than the 75%-80% in the previous cycle. Instead, this is a positive sign — meaning that a large number of net buyers are preparing for the next round of the bull market. Bitcoin outperformed the S&P 500 for only about one-third of the past three months, but this Monday and Tuesday outperformed major US stock indices for two consecutive days.

3d ago

Cypherpunk Mining acquires Winklevoss assets to become the largest Zcash mining company

According to Twitter, Cypherpunk Mining announced its official launch, and its 4.2 GSol/s Equihash computing power deployed in the US has made it the world's largest Zcash miner. The company signed a $333.3333 million asset acquisition agreement with Winklevoss Capital to receive its Bitmain Z15 Pro mining fleet previously deployed across the US. Currently, it produces about 7,800 ZEC per month, and has achieved cash flow. Cypherpunk claims that the current electricity revenue per unit of Zcash mining is about twice that of AI computer room hosting and three times that of Bitcoin mining, and that equipment capital expenditure is far lower than AI infrastructure. The company has no debt and plans to gradually integrate vertically into data centers and power assets.

4d ago

Michael Saylor: Bitcoin is trying to monetize digital scarcity and reshape wealth storage and value transmission

Comparing news, Strategy founder Michael Saylor said that Bitcoin integrates computers, digital networks, and cryptography to build the first digitally designed monetary network in human history. It completely dematerializes monetary assets, makes supply controlled by open agreements rather than decisions, and transforms economic value into information that can be transmitted securely in global communication networks. Compared to gold, Bitcoin is more difficult to generate, easier to integrate with software, faster transmission speed, and every participant is motivated to maintain network security. The proof of workload mechanism anchors it in the physical world, consumes real energy in exchange for ledger security, makes it expensive to tamper with history, and attracts miners, energy vendors, and investors to jointly build a defense system. Bitcoin is digital gold, but it is more appropriate to understand it as digital currency energy. The Bitcoin network is not static software, but rather an adaptive system composed of miners, nodes, developers, capital, and users. Bitcoin deliberately keeps its functions simple, focusing only on maintaining a safe and reliable ledger of scarce digital assets, leaving the complexity to higher-level applications. This hierarchical design with underlying integrity and upper layer functionality enables it not only to serve as a foundation for transmitting monetary energy across time and space, but also to support continuous innovation in payment, credit, and financial services. The more profound impact is that Bitcoin has created a new type of digital sovereignty: private keys give individuals the ability to control economic energy without permission, and ownership is verified mathematically rather than institutionally. Companies, banks, trusts, and applications can build a complete economic system around it, and social networks can also use this to introduce real costs and responsibilities into the digital space. Gold monetizes physical scarcity, while Bitcoin monetizes digital scarcity. It is not a simple payment instrument, but an engineering answer for humans to the problem of energy storage and guidance — money is energy, and Bitcoin is the monetary energy of the digital age. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

7d agoburnking

BIP-110 was supported by only 2.5% of miners and failed, and a few chains stalled after a fork at block height 961632

According to Twitter, BIP-110 was only supported by about 2.5% of miner computing power when the activation period reached, and could not be activated. The node implementing the proposal forked from the main network at block height 961632, and a few chains then stopped producing blocks. Bitcoin Mechanic, a supporter of BIP-110, said in his personal capacity that the results proved that Bitcoin had experienced “protocol capture,” with large mining pool operators influencing consensus rules and weakening node sovereignty through coordination. Since a few chains only get less than 3% of the entire network's computing power, their inherited mining difficulty has caused block production to stagnate. Some supporters are considering replacing the PoW algorithm through a hard fork, and Bitcoin Mechanic said it will wait for the Bitcoin Knots update to resume operation. Cysic founder and CEO Leo Fan said that the difficulty adjustment mechanism protects the main chain, and the mandatory activation design of BIP-110 is the main problem. The anonymous owner of 1win pointed out that the proposal received only 2.53% support, which is below the 55% activation threshold, and the main chain is still running continuously.

9d ago#On-chain dynamics

Bitcoin's proposed soft fork BIP-54 completes specification, F2Pool does not support early activation

Comparatively, Bitcoin's proposed soft fork BIP-54 (Consensus Cleanup) specification was completed in May 2026 to fix four consensus rule boundary issues without adding Bitcoin features. Wang Chun, co-founder of the digital asset mining pool F2pool, said that if the proposal obtains the required majority through the standard BIP-9 process, F2Pool will upgrade the mining nodes, but will not signal support in advance. BIP-54 BIP-54 has been tested in the Signet-based test environment Bitcoin Inquisition. Mining pools MARA and ViaBtc have voluntarily produced compatible Coinbase transactions; formal activation parameters have not yet been determined, and mainnet voting has not yet been completed. Previously, BIP-110, which attempted to limit some non-financial data in Bitcoin transactions, did not receive sufficient miner support and stagnated near the block height of about 961635; BIP-54 did not involve restricting general scripting functions.

9d ago#On-chain dynamics

Analysis: Listed mining companies' sell-off was an overlooked factor in Bitcoin's price pressure. They sold $1.78 billion in BTC during the year

Comparing news, Bitcoin has accumulated a cumulative decline of about 27% this year, and the price has fallen back below $64,000. In addition to the net outflow of US spot crypto ETFs of over $4.4 billion, the sale of long-term dormant holders and digital asset treasury companies, listed Bitcoin mining companies have also become a source of supply that has received less attention in the market. According to Blockware Intelligence data, the total number of listed mining companies held about 127,000 BTC at the beginning of this year has dropped to 99,000, which means that about 28,000 BTC were sold during the year, worth about 1.78 billion US dollars at current prices. The Blockware Solutions research team said that the sale of listed mining companies since the beginning of the year was an underdiscussed factor in Bitcoin's weak 2026 price performance. Currently, the profitability of mining companies is also being squeezed, and the average cost of mining 1 BTC is about 74,300 US dollars. More and more mining companies are turning to the AI business, using their already secured high-voltage power resources to support this transformation. At the same time, the difficulty of Bitcoin mining dropped by about 18% from the high in November last year, and the decline in computing power continued to set one of the longest records. Blockware said that competition weakened after the withdrawal of large mining companies, and the number of bitcoins currently received by miners that are still in operation has increased by about 18% compared to 10 months ago, and the mining economy has improved as a result.

10d ago