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Ethereum Price: Here’s What Prevents It From Rallying

by admin October 5, 2025

Ethereum’s (ETH) potential to pump is capped, crypto researcher says
Ethereum (ETH) inflation rate in 2025: What to know

Ethereum (ETH), the second largest cryptocurrency, might lose its opportunity to pump as it fails to become a “store of value” instrument. The acceleration of ETH burn process might help the oldest programmable blockchain to reclaim its status.

Ethereum’s (ETH) potential to pump is capped, crypto researcher says

Ethereum (ETH) fails to be accepted as a “store of value,” which, in turn, prevents it from pumping. Without the “SoV premium,” other catalysts are not powerful enough to change the status quo, cryptocurrency researcher Ignas (@DefiIgnas) shared in an X post today, Oct. 4, 2025.

$ETH potential to pump is capped by its failure to be accepted as SoV.

To buy and hold $ETH now you need to believe in its ability to become a store of value asset.

Yes, $ETH can run to 10k with no fundamental change, but the current narrative of tokenization and RWAs is not… pic.twitter.com/JBn2oQupFE

— Ignas | DeFi (@DefiIgnas) October 4, 2025

Narratives like real-world asset (RWA) tokenization and stablecoins can even “backfire” for Ethereum’s (ETH) adoption and attractiveness as there are more blockchains tailored for privacy-focused use cases with low fees and fast transaction confirmation.

The silver lining is that alternative L1s — blockchains running on non-EVM virtual machines — lack even the potential of store of value as none of them can compete with Ethereum’s decentralization metrics and neutrality.

By contrast, native yield mechanisms and its own DeFi ecosystem are two key pillars of Ethereum’s (ETH) potential. At the same time, to realize them, Ethereum (ETH) should increase its burn rate to become deflationary again:

So if you buy and hold $ETH now, you should believe that Ethereum will find a way to tax the L2s and adoption will grow enough to burn supply.

Once this is achieved, Ethereum (ETH) might “push into BTC territory” and find its place in portfolios for both passive institutional and retail holders.

Ethereum (ETH) inflation rate in 2025: What to know

Ethereum (ETH) might outshine Bitcoin (BTC) in this race since the orange coin has known issues with its security budget and low miner fees, Ignas admits.

Trump Tariff Stimmy? Here’s How Much Covid Stimulus Checks Are Worth Now If Invested in Bitcoin

by admin October 4, 2025

In brief

President Trump said his administration is considering $1,000-$2,000 checks for citizens based on tariff revenues.
Americans received up to $3,200 in 2020-2021, up to $40 billion of which was estimated to have been invested in Bitcoin and stocks.
That $3,200 could be worth more than $26,000 today if invested in Bitcoin upon receipt of each payment.

President Donald Trump said this week that his administration is exploring a “distribution” of as much as $2,000 apiece to the American people on account of the funds generated by his tariff policies.

“We also might make a distribution to the people, almost like a dividend to the people of America,” the president said in an interview with One America News. “We’re thinking maybe $1,000-$2,000.”

The last time stimulus checks hit the bank accounts of American citizens, up to an estimated $40 billion was expected to be used to buy stocks and Bitcoin.

Stimulus checks were sent to American citizens as part of a $2.2 trillion stimulus package signed under the first Trump administration during the COVID-19 pandemic in 2020, leading to a surge in Bitcoin and stocks.

In 2021, with President Joe Biden then in office, another round of stimulus was approved, once more providing Americans with annual incomes below $150,000 with additional checks of up to $1,400.

If you had invested that first $1,200 into Bitcoin, which was changing hands at $6,878 at the close of April 11, 2020—the first day of direct deposit stimulus payments—then you would have around 0.1744 BTC, worth about $21,270 today. That represents a gain of 1,672%.

Injecting the other two checks into Bitcoin as soon as possible would have provided around another 0.0424 BTC or $5,170 based on the current price

In total, around $3,200 in stimulus checks could have netted you more than $26,000 in Bitcoin if invested in the leading cryptocurrency during those windows.

Though a strong gain, the number pales in comparison to the gains accumulated should you have jammed the funds immediately into Dogecoin. At the meme coin’s 2021 peak, which took place just after the final stimulus, the three stimulus checks would have netted you around 600,000 Dogecoin (DOGE)—about $438,000 worth at its peak.

If you held it all until today, you’d still have nearly $150,000—a gain of more than 4,576%.

Formal details about the Trump administration’s teased tariff checks remain outstanding, but $2,000 would allow investors to snatch about 0.0165 BTC at present time—over 1.6% of a full coin. Who knows how much that’ll be worth in five years, but if Bitcoin’s history is any indication, then it could be a bet worth making.

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October 4, 2025 0 comments

GameFi Guides

Solana (SOL) Eyes Rally at $520, Here’s Why It’s Possible

by admin October 3, 2025

Since the beginning of the month, Solana has maintained steady upward momentum, recording notable daily gains. Following its impressive price performance, popular crypto analyst Ali Martinez has suggested that the token could set a new target at $520.

Amid rising demand for the sixth-largest cryptocurrency by market capitalization, Solana has formed technical patterns that signal a potential breakout strong enough to fuel a massive rally.

Solana price outlook

The analyst shared a chart indicating that Solana could embark on a sustained bull run toward $520 if it manages to secure a weekly close above the $260 resistance level.

According to Martinez, the $520 target could be achieved within a few months, provided the asset retains its bullish momentum and maintains that crucial resistance level.

Notably, the chart highlights that while Solana reclaimed the major $230 mark today, it is now attempting to retake another key zone that has previously served as both support and resistance during periods of heightened volatility.

With an intraday high of $234, Solana is drawing closer to the $260 resistance level. If the token can build momentum and close above $260, it could unlock higher targets around $320, $400, and ultimately $520 in the longer term.

As of writing, Solana is trading at $229.14, up 1.39% over the last day and 17.84% over the last week, according to data from CoinMarketCap.

Although it remains uncertain whether Solana will sustain its bullish momentum long enough to smash these ambitious price targets, renewed market interest fueled by the Uptober rally has boosted investor confidence.

Despite broader market uncertainties, optimism about Solana’s future price potential remains strong. The blockchain continues to see major DeFi adoption from both new and existing projects, alongside growing institutional interest, spurred in part by speculation surrounding a potential spot Solana ETF. Investor sentiment has stayed bullish as confidence in the ecosystem continues to grow.

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October 3, 2025 0 comments

Gaming Gear

China Is Leading the World in the Clean Energy Transition. Here’s What That Looks Like

by admin October 3, 2025

Speaking by video at the UN Climate Summit in New York last week, China’s president Xi Jinping laid out his country’s climate ambitions. While the stated goals may not have been aggressive as some environmentalists would like, Xi at least reaffirmed China’s green commitment.

“Despite some countries going against the trend, the international community should stay on the right track, maintain unwavering confidence, unwavering action, and undiminished efforts,” he said. Any reference to Donald Trump and the United States was surely intended (though not explicit).

The march of the energy transition is a long one, but it has to start somewhere. And with this approach, China has already taken quite a few steps.

Beijing Stands (Mostly) Alone

Today, there is no race to be a climate leader. The world is a far fry from the COP26 conference in November 2021, when tackling the threat of climate change seemed like a global priority. A few months later, Russia invaded Ukraine; the ensuing energy crisis and inflation kicked climate off of many political agendas.

While Joe Biden and the United States responded to soaring prices with the Inflation Reduction Act, which prioritized investment in renewable energy, Donald Trump subsequently withdrew the US from the Paris Agreement—an international accord to limit global warming—for the second time. The European Union has also stuttered: Too internally divided, it did not go beyond a drab declaration of intent at the UN Climate Summit. There hasn’t been much movement from India, a country of nearly 1.5 billion people. And other nations’ emissions are simply too small to matter.

Given this background, it becomes easy to understand how, in this scenario, China has become a global leader in the clean energy transition. Xi’s speech did not go into much detail, but it did mention all the main points of China’s strategy.

Cut Emissions Between 7 Percent and 10 Percent by 2035

In New York, Xi acknowledged the importance of the transition, and for the first time, agreed to reduce greenhouse gas emissions rather than simply promise to slow them down. China’s stated goal is between 7 percent and 10 percent reduction by 2035.

How do you evaluate these pledges? While the commitment is vague, it’s still significant; previously the regime had merely promised to reach peak emissions by 2030, tying the cuts to economic growth. In Xi’s speech you can seen China transition from a developing country approach to a role more akin to that of industrialized countries, whose emissions have been declining for decades.

Slow Going?

It should be pointed out that reducing emissions at the pace promised by Beijing means a decline of about 1 percent a year. According to an analysis by William Lamb of the Potsdam Institute for Climate Impact Research, this is a slower pace than that held by most industrialized nations. Italy, for example, has reduced them by an average of 3.2 percent every 12 months since their peak in 2006; the United Kingdom by an average of 2.8 percent since 2004; France by 2.3 percent.

“China has often promised little and achieved much,” notes Andreas Sieber, associate director for policy and campaigns for the global climate nonprofit 350.org, suggesting that China might overdeliver. The country’s lack of democracy also means its policies are not at risk of reversal every election cycle.

On Renewables

Xi Jinping’s speech included a commitment to reach 3,600 gigawatts (GW) of installed wind and solar capacity by 2035, six times the country’s 2020 figures. This is already the leading country in terms of installed renewable power, and a giant on the technology front as well, with universities churning out environmental and climate tech research at full speed, and attracting scientists from abroad across numerous fields. He also announced a commitment to an energy mix with more than 30 percent renewables.

On Electric Vehicles

Mobility has long been an issue for China, which has moved from bicycles, ubiquitous until the 1990s, to the mass automobile. The images of the 2008 Beijing Olympics are unforgettable: A blanket of smog buried the city. The government has in recent years given a strong boost to electric mobility: At the Climate Summit it announced plans to make EVs “mainstream,” that is, prevalent in sales. It helps that it has ready access to rare earth minerals that are essential for building batteries. And for that matter, the country hosts giant automotive companies like BYD and Catl, which supplies batteries to some 50 global brands including Tesla and Volkswagen.

On the carbon market

Xi has declared his intention to expand the national carbon emission trading market to more emission-intensive sectors than today.

On forests

China made additional commitments on forests, which it says will reach an extent of 34 billion cubic meters.

China has reshaped the market for green technologies.

To skeptics expecting broader measures and the mantle of true global leadership from China, well, that’s not a particularly coveted title these days—especially if the US continues to reverse course on climate science. As senior advisor Bernice Lee of the think tank Chatham House notes, China invested $625 billion in the clean energy transition last year alone; that’s nearly a third of the gobal total.

Not only that: Research and massive adoption of renewable technologies have led to the dramatic drop in prices, and China’s very large domestic market is a formidable driver in this regard. “The rise of Chinese renewables is reshaping the global economy and replacing coal in the domestic market,” Lee says.

The hope is that other countries, reassured by that commitment, will follow China’s example rather than America’s.

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October 3, 2025 0 comments

Game Reviews

Here’s what’s in Skate’s ’90s-themed first season, arriving next week

by admin October 3, 2025

Following its early access launch, Skate’s first season will arrive next week, bringing new areas, events, challenges, and more.

Called Hesh & Fresh, the first season is inspired by the ’90s and will run from 7th October until 2nd December.

As mentioned last month, the season will bring an updated lighting system to ensure the city of San Van is “more grounded and lived in”, while the skate.Pass allows players to earn in-game seasonal currency (called Tix) with which to purchase cosmetic rewards.

skate. | Early Access Season 1 TrailerWatch on YouTube

Two events will be added this season. The first is Skate-o-Ween, based on Halloween (obviously) but with an emphasis on amusing outfits. It’ll run from 21st October to 11th November.

That will be followed by the 7-Ply Maple Harvest from 18th November until 2nd December, calling back to the 70s and the wood used for skateboard construction at that time.

Both events will have community parks updated in celebration, as well as themed cosmetics.

The season will also add 40 new challenges rotating weekly, new brands in the in-game store, and 21 new songs from 90s artists like Bad Religion, Dinosaur Jr., Ice Cube, and more.

Skate arrived in early access last month and has so far proven a success, in particular with players sharing their stunts on social media. It proved especially popular on its first day, leading to lengthy queues.

“After an absolute age, EA’s wheelie classic is back with great handling and a whole world of slightly jarring niceness,” reads our Skate early access review.

Skate is published by EA, which this week announced a planned private acquisition by a group of investors including Saudi Arabia’s Public Investment Fund in a private transaction worth $55bn.

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October 3, 2025 0 comments

Crypto Trends

Shibarium Bridge Security: Here’s Plan to Prevent Next Hack

by admin October 3, 2025

Shibarium, the layer-2 scaling solution for Shiba Inu (SHIB), has stepped up its bridge security protocol. The measure comes as a measure to prevent a repeat occurrence of the exploit it suffered around mid-September. To ensure the next hack is avoided, Shibarium is restarting bridges and services.

Shibarium rolls out new security measures

As explained in an update by Shibizens, a news platform for the community, the attacker who tried to exploit the blockchain did so by manipulating checkpoints. According to the update, they did this by staking 4.6 million BONE tokens for leverage.

However, Shibarium was able to prevent the successful completion of the attack as Heimdall, the chain’s checkpoint system, automatically froze the network. This is a measure meant to protect users’ funds.

In order to prevent a recurrence, Shibarium has decided to add “blacklisting” to the Plasma Bridge. Notably, this helps move tokens between blockchains. Additionally, the chain has decided to restart paused bridges slowly and carefully. The goal is to allow users to move assets safely again.

Shibarium Update – Quick Recap

🔸 What happened
•An attacker injected fake checkpoints and tried to take control using a huge 4.6M BONE stake.
•Heimdall (the chain checkpoint system) halted to protect funds.

🔸 What the team did
•Worked non-stop for 10+ days with Hexens… pic.twitter.com/3fTjOfR4y0

— Shibarium | SHIB.IO (@Shibizens) October 3, 2025

Other measures by Shibarium include the launch of a new official RPC, which is a network access point in collaboration with dRPC.org. It will also publish a template that would serve as a manual to handle any future attempt by malicious actors on the chain.

It is worth mentioning that when the mid-September attack happened, the Shibarium team responded proactively by moving over 100 smart contracts into safer wallets. The team also added a blacklisting feature to prevent addresses from staking.

Shibizens explained that after carrying out a recovery of the 4.6 million BONE, the Shibarium team cleaned out the chain’s ledger and rolled back to the last safe state before the exploit happened.

Community response and market impact

This update is already generating reactions from the SHIB Army. One user hailed the response of the Shibarium team. He, however, expressed concerns over the blacklisting feature, wondering if this aligns with the long-term goals of decentralization.

It would appear that the attempt to restore users’ confidence is gaining traction. Regardless, the daily transaction count on Shibarium is still at low levels. According to data, Shibarium could only record 1,970 transactions and remains a major concern as it rubs off on Shiba Inu.

As of press time, Shiba Inu is changing hands at $0.00001248, which represents a 0.88% increase in the last 24 hours. Despite the slight uptick, SHIB is underperforming the broader crypto market, largely as a result of the near collapse of Shibarium transactions.

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October 3, 2025 0 comments

Crypto Trends

Quantum computers could bring lost Bitcoin back to life: Here’s how

by admin October 3, 2025

What is quantum technology?

Quantum technology can process an enormous amount of data and solve complex problems in seconds rather than decades.

Remarkably, quantum technology first appeared in the early 1900s. It originated from quantum mechanics, a branch of physics that examines how matter and energy behave at extremely small scales, such as atoms and subatomic particles.

In the real world, it’s applied in modern technologies such as transistors, lasers, MRI machines and quantum computers. These are said to be 300,000 times faster and more powerful than the ones used nowadays. Google’s new quantum chip, Willow, cuts computation times significantly and may provide hackers with the tools to unlock the algorithms that support Bitcoin and other cryptos.

Quantum computers could threaten Bitcoin’s cryptographic systems, including the Elliptic Curve Digital Signature Algorithm (ECDSA). Experts such as Adam Back and Michael Saylor argue that quantum threats to Bitcoin aren’t a concern at present because such applications require advanced quantum hardware, which may take years, if not decades, to develop.

Research and development of quantum computers is running at a fast pace, but is Bitcoin quantum-safe at this stage? Not yet, but developers are working to upgrade the network to mitigate possible quantum risks, including breaking encryption.

While it’s important to acknowledge the risks, it’s also essential to clarify that these are far from being actual threats for now.

Did you know? Albert Einstein made significant contributions to the development of quantum technology. He set the ground for quantum mechanics with his work on the photoelectric effect, which revealed what light is made of. He won the Nobel Prize for this, and not for the relativity theory, as many believe.

How quantum tech could break Bitcoin wallets

Quantum computing could significantly impact Bitcoin. This is mainly because it could undermine the cryptography that protects its network.

Quantum computing and Bitcoin (BTC) have been a hot topic for a while, and rightly so. It can disrupt the network and potentially break Bitcoin wallets by exploiting vulnerabilities in the asymmetric cryptography that secures them. Specifically, the ECDSA, the asymmetric cryptography used in Bitcoin, is vulnerable to attacks by quantum computers.

Bitcoin wallets are secured by ECDSA to generate a pair of private-public keys. Its security relies on the hard-to-solve elliptic curve discrete logarithm problem (ECDLP), which is impossible to resolve with classical computers.

Bitcoin private key cracking with quantum computers is the real issue since private keys control your Bitcoin. If you lose them, you lose your money. When a private-public key pair is generated, the public key is set for verification, and the private key is for signing.

In 1994, mathematician Peter Shor created the Shor quantum algorithm, which can break the perceived security of the algorithms in asymmetric cryptography. All existing algorithms would require a huge amount of time, money and resources to derive a private key from the public key. However, the Shor algorithm will accelerate the process.

This means that when a person, organization or anyone with a strong quantum computer will be able to use the Shor algorithm, they may generate a private key from a public one and fake digital signatures for transactions.

Bitcoin and quantum security risk

You’ve learned by now that quantum tech could compromise Bitcoin wallets by revealing their private keys. This risk becomes more significant as quantum computers advance, especially for wallets linked to older addresses or those with reused public keys. Quantum computing could make it possible to reverse-engineer private keys from these exposed public keys, threatening the security of Bitcoin holders.

In 2025, quantum computers are supposedly decades away from breaking ECDSA. Even Michael Saylor believes the concerns to be unjustified. Bitcoin users can sit back and relax for now, but they should be aware of the best practices to handle any future quantum threats to Bitcoin.

Here’s a concise breakdown of the relationship between quantum computing and Bitcoin:

Did you know? Quantum computing progress can be assessed by the number of qubits (basic units of information) in one processor. Today, the most powerful quantum computers process between 100 and 1,000 qubits. Estimates for the number of qubits needed to break Bitcoin’s security range from 13 million to 300 million or more.

Can quantum computers recover lost Bitcoin?

Analysts think that between 2.3 million and 3.7 million Bitcoin is permanently lost. This is about 11%-18% of the total fixed supply of 21 million.

What happens to lost Bitcoin when quantum recovery technologies allow dormant wallets to come back to life? Think of Satoshi Nakamoto’s coins alone, which are estimated to be 1 million. If a quantum computer cracks their wallet and releases the coins into circulation, it could lead to big market swings.

Quantum computers might bring back that lost Bitcoin by cracking the cryptographic keys that protect those wallets. These are usually wallets with lost or hard-to-reach private keys, making them easy targets.

These are likely the oldest versions of Bitcoin addresses, using pay-to-public-key (P2PK) formats, which have never been upgraded or reused. As a result, these addresses remain vulnerable, with no one alive or available to update them. The advancement of quantum computing could potentially exploit these vulnerabilities, unlocking dormant wallets.

In May 2025, global asset manager and technology provider BlackRock added a warning to its iShares Bitcoin Trust (IBIT) filing, stating that quantum computing poses a significant risk to Bitcoin’s long-term security due to its ability to break current cryptographic defenses.

Ethical and economic implications

Recovering lost Bitcoin may raise some economic and ethical implications. Reintroducing those coins into circulation could disrupt Bitcoin’s scarcity attribute, and consequently, its market value could be impacted.

There are already talks on the best ways to preserve Bitcoin’s economic and ethical value. Many, like OG Bitcoin expert Jameson Lopp, believe those coins should be burned and destroyed forever to protect the network; others believe they should be redistributed for wealth balance.

What can you do to protect your Bitcoin?

Minimizing the public key exposure is essential if you want to protect your Bitcoin. Simple measures can help users find greater peace of mind.

Measures to protect your Bitcoin should always be taken into consideration, regardless of the quantum threats. Fraud is a perennial threat in crypto. Phishing is still one of the most common scams in crypto, with the new zero-value scam revealed, where a phony address is added to the transaction history of a targeted wallet.

When the owner starts a transaction, they may simply choose an address from their history and pick the fraudulent one, without even needing to access a private key.

Approximately 25% of all Bitcoin is stored in addresses that use pay-to-public-key (P2PK) or reused pay-to-public-key-hash (P2PKH). These methods often reveal the public key linked to a user’s address. This is where the crypto vulnerabilities to quantum computing are more clear since the exposed public keys are more prone to quantum attacks through the Shor algorithm.

You can do this by simply avoiding address reuse. Join a platform that helps your wallet change addresses automatically with each transaction. Reusing an address can expose your public key during a transaction.

The best you can do is generate new addresses for each transaction and use wallets that support Taproot and SegWit. Don’t forget to pay special attention when you’re sending transactions to your wallet’s addresses. These wallets provide addresses with better security.

Address poisoning is another type of common phishing technique that has cost users millions of dollars. It happens when bad actors send small transactions from wallet addresses similar to victims’ legitimate ones, thereby deceiving them by making them copy the wrong address when executing future transactions.

Bitcoin’s quantum resistance: Ongoing research and safety measures

Bitcoin remains resilient against quantum threats for now, with ongoing research into quantum-resistant wallets and protocols like QRAMP to protect its future, while experts explore ways quantum technology could enhance the network.

Bitcoin is decentralized and open-source. Its network adapts well, and ongoing research into quantum-resistant Bitcoin wallets suggests that coins face no immediate threat.

Users should follow best practices, like not reusing addresses, to stay safe until quantum-proof cryptocurrencies and wallets are fully ready and available for use.

Among the initial measures to protect Bitcoin from quantum threats, Bitcoin developer Agustin Cruz proposed a quantum-resistant asset mapping protocol (QRAMP) in early 2025. It is meant to protect Bitcoin from quantum risks while also allowing Bitcoin to work crosschain, extending to other blockchains without compromising custody or supply limits.

Also, experts are developing powerful quantum-resistant cryptographic techniques, which could benefit Bitcoin in several ways. It may improve scalability, create unhackable wallets and strengthen cryptography. These changes will help the Bitcoin network stay strong and thrive in a new quantum world.

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October 3, 2025 0 comments

Pepe Coin price nears breakout despite aggressive whale dumping

Crypto Trends

Here’s why Pepe Coin price may miss the Uptober rally

by admin October 3, 2025

Pepe Coin price remains in a deep bear market, and on-chain data and its weak technicals point to a crash in the coming weeks or months.

Summary

Pepe Coin price may not participate in the ongoing Uptober rally.
The token has formed a descending triangle pattern on the daily chart.
Whale and smart money investors have continued dumping the token.

Pepe Coin (PEPE) token was trading at $0.000010 on Thursday, Oct. 2, down by 40% from the highest point in May this year. Its market capitalization has dropped to over $4.2 billion, down from the all-time high of over $10 billion.

Pepe Coin price has technical points to more downsides

The daily timeframe shows that the Pepe price topped at $0.00001645 on May 23 as the crypto market rallied.

Since then, the coin has formed a series of lower lows, with its attempts to rebound facing substantial resistance.

The coin has formed a descending triangle pattern, which consists of a descending trendline and a horizontal support at $0.0000091. The support coincided with the ultimate support level of the Murrey Math Lines tool.

This pattern often leads to a strong bearish breakout, which is normally confirmed when it moves below the support level. If this happens, the next key level to watch will be at $0.00000759, its lowest level in May last year, and the extreme oversold level.

The bearish Pepe price forecast will become invalid if it moves above the descending trendline of the triangle pattern. If this happens, it may rally to the psychological level at $0.000015.

Pepe price chart | Source: crypto.news

On-chain data shows that whales are dumping Pepe tokens

Another reason why the Pepe Coin may not participate in the Uptober rally is that whale investors continue to dumb it, a sign that they expect it to keep falling.

Nansen data shows that whale holdings have dropped by 22% in the last 30 days. These investors now hold 6.11 trillion tokens, down from 7.5 trillion on the same day last month. Historically, whale selling is usually a bearish sign.

The same trend is happening among smart money investors and public figures. Smart money investors have reduced their holdings by 65% in the last 30 days to 912 billion tokens, while public figures have cut their holdings by 65%.

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October 3, 2025 0 comments

NFT Gaming

New York Democratic Lawmakers Want Bitcoin Miners to Pay More Tax. Here’s Why

by admin October 2, 2025

In brief

New York lawmakers have introduced a bill aiming to tax Bitcoin miners.
Democratic Senator Liz Krueger and Assemblymember Anna Kelles argue that mining operations use too much electricity.
If passed, the money would be passed to lower income households in the state.

New York lawmakers are trying to tax Bitcoin miners, citing excessive electricity use driving up bills for ordinary citizens as the reason for a new bill.

Democratic Senator Liz Krueger and Assemblymember Anna Kelles introduced a bill Wednesday trying to impose an excise tax on proof-of-work crypto miners.

The proposed law, Senate Bill S8518, wants mining companies to pay—depending on how much energy they consume—to New York’s Energy Affordability Programs, which provide critical assistance to low to moderate income households across the state.

“The bill ensures that the companies driving up New Yorkers’ electricity rates pay their fair share, while providing direct relief to families struggling with rising utility costs,” Senator Krueger said in a statement.

The statement added that research has shown that the arrival of cryptomining facilities “drives up electricity bills statewide, adding an estimated $79 million annually in costs for individuals and $165 million for small businesses.”

Senate Bill S8518 says that miners consuming between 2.25 and 5 million kilowatt-hours would be taxed at 2 cents per kwH. Operations using between five and 10 million kWh would pay 3 cents, and miners using 10 and 20 million kWh would get hit with 4 cents per kwH. Consumption above 20 million kWh would face a rate of 5 cents per kWh.

Mining operations using sustainable energy would be exempt from a tax, the bill said, in a bid to “innovation and sustainability within the digital asset sector.”

To process transactions on proof-of-work cryptocurrencies like Bitcoin and Dogecoin, private companies typically run data centers full of expensive computers that use lots of electricity. Crypto critics have frequently spoken about how damaging digital coins can be to the environment.

Still, the industry of artificial intelligence and high-powered computing uses more energy than Bitcoin mining. The new bill did not mention AI data centers but a press release acknowledged that the industry was growing and using more electricity.

Decrypt reached out to Senator Krueger’s office for further comment.

New York State has historically had tougher regulations on the crypto space, prompting a number of crypto startups in the past to move to other parts of the U.S.

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October 2, 2025 0 comments

GameFi Guides

Ethereum Sharp Exchange Outflows Sparks A Historic Supply Squeeze, Here’s What It Means

by admin October 2, 2025

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In a sudden upside move, Ethereum has strongly reclaimed above the $4,300 price mark as bullish sentiment gradually returns to the crypto market. At the same time, a massive amount of ETH has been observed leaving centralized crypto exchanges, which has led to one of the most crucial moments for the leading altcoin in the ongoing bull market cycle.

Unprecedented Supply Shock For Ethereum Looms

With the price of Ethereum recovering sharply once again, the bullish sentiment and action of investors on crypto exchanges have intensified. Alphractal, an advanced investment and on-chain data analytics platform, revealed that Ethereum is undergoing one of its most dramatic supply movements to date, as large quantities of ETH continue to flee centralized exchanges at an accelerating pace.

According to the on-chain platform, the persistent withdrawal of ETH has created a historic supply squeeze. This is due to the fact that the quantity of ETH leaving crypto exchanges is now above the ability to accumulate more for the first time in history.

The record-breaking supply squeeze demonstrates an increasing tendency among investors to prioritize long-term holding and staking over active trading. As a result, there is a decrease in the available liquidity in the market.

In recent months, the data shows that billions of dollars worth of ETH have been withdrawn from crypto exchanges, regardless of whether you look at Netflow in ETH or USD value.

Despite the massive withdrawal, Alphractal highlighted that the Exchange Flux Balance is what truly sticks out. The Exchange Flux Balance is a crucial metric that gauges the cumulative net flow of exchanges.

Source: Chart from Alphractal on X

It is worth noting that high values on this metric suggest that inflows are outperforming outflows and that exchanges are increasing their reserves. Meanwhile, low or negative values indicate that exchanges do not have the capacity to accumulate enough, hence creating a supply squeeze.

Currently, this metric has gone negative for the first time ever, indicating strong institutional and public demand for ETH. Simply put, Ethereum is experiencing the strongest market maker interest since its launch, a structure that might flare up the market soon.

ETH Closed Q3 On A Very Bullish Note

As Q4 of 2025 kicks off, speculations are whether this quarter will be just as bullish as the recently finished Q3. Data from leading crypto researcher and analytics platform CryptoRank reveals that ETH experienced a very positive Q3, recording about 66.7% price gain.

According to the platform, Q3 of 2025 was a breakout quarter for the altcoin, as it finally broke past its previous all-time high and exhibited strong upside action. One of the major factors that fueled this surge is the US legislative moves, which consistently pushed stablecoins and DeFi into the mainstream.

Naturally, Ethereum became one of the major beneficiaries of this regulation change because the leading blockchain continues to be the foundation layer for both stablecoins and DeFi activity. With ETH witnessing a more bullish Q4 in the last 10 years, it is possible that this quarter could end on a positive note.

ETH trading at $4,373 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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October 2, 2025 0 comments