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Author: Miles Deutscher Source: Miles Deutscher X account Translation: Shenchao TechFlow The 4-year cycle has come to an end. We are entering a new paradigm in cryptocurrency—survival of the fittest, elimination of the unfit. Here are my strategies for navigating market changes in 2025 to continue accumulating wealth in uncharted territory. Before sharing my strategies, let’s explore why the 4-year cycle has become a thing of the past. I believe there are two reasons why the 4-year cycle is no longer applicable. First, from the supply side, the halving effect of Bitcoin ($BTC) is gradually diminishing. With each halving, the reduction in the issuance of new Bitcoins is becoming smaller. For example, the halvings in 2012 and 2016 saw reductions of 50% and 25% in issuance, respectively, which had a significant impact on market prices. However, by 2024, the reduction in issuance due to halving is only 6.25%. This means that the price-driving effect of halving is no longer as strong as before. Second, from the demand side, the introduction of Bitcoin ETFs is a significant variable that has permanently changed the market rules. Bitcoin ETFs are financial instruments that allow investors in traditional financial markets to invest in Bitcoin indirectly. Since their launch, they have become the most successful ETF products in history, with demand far exceeding expectations. This influx of demand has not only changed the overall landscape of the crypto market but has also broken many old market rules (such as the 4-year cycle). The greatest impact of ETFs is reflected in the altcoin market. Let me elaborate. In the past, you might have often seen a chart showing the price rotation relationship between Bitcoin and altcoins. This was indeed valid in 2021. But now, this relationship has broken down. (The original image is from Miles Deutscher , compiled by Shenchao TechFlow) In 2017 and 2021, when Bitcoin prices rose, many wealthy Bitcoin whales would transfer profits into altcoins on centralized exchanges (CEX), thus driving the prosperity of the altcoin market. However, now most new funds are entering the market through Bitcoin ETFs, and these funds are not flowing into the altcoin market. In other words, the way funds flow has fundamentally changed, and altcoins no longer benefit from the wealth effect of Bitcoin. Retail investors have directly flocked to high-risk speculative projects on-chain, known as "on-chain casino games" (Pump Fun). Compared to 2021, the number of retail investors in this cycle has significantly decreased. This is mainly due to the pressures of the macroeconomic environment and the fact that many suffered heavy losses in the last cycle due to events like LUNA, FTX, BlockFi, and Voyager. However, those retail players who remain in the market have directly skipped mainstream coins and chosen to seek opportunities on-chain. You can read my detailed analysis of how this phenomenon affects the market here . If my judgment is correct, meaning that cycle theory is no longer applicable, what changes can we expect in the future market? I have one piece of bad news and one piece of good news to share. The bad news is: It has become harder to "lie flat and make money." This is a natural signal of the industry's gradual maturation. In fact, there are now more trading opportunities in the market, but if you continue to use strategies from 2021—such as holding a bunch of altcoins and quietly waiting for the "altcoin season" to arrive—you may be disappointed or even perform poorly. The good news is: Since there is no longer a so-called four-year cycle, this also means that prolonged bear markets triggered by specific factors in cryptocurrency will no longer occur. Of course, from a macroeconomic perspective, long-term bear markets are still possible, as cryptocurrencies do not operate in isolation, and their correlation with the macroeconomy is now tighter than ever. The market's "risk appetite periods" and "risk aversion periods" are more likely to be driven by changes in macroeconomic conditions. These changes often trigger short-term mini echo bubbles, rather than sustained months of one-sided upward trends. The so-called echo bubbles refer to short-term market rebounds brought about by changes in the macro environment, which, while smaller in scale, share similarities with past large bubbles. In these bubbles, there are plenty of opportunities to make money. For example, in 2024, we witnessed rotations of different hot spots: November was the meme craze, December was the AI concept, and January was for AI agents. Undoubtedly, new trends will emerge next. If you are sharp enough, these are excellent opportunities to make money, but they require a strategy that is slightly different from past cycles. A few days ago, I had dinner with @gametheorizing , who made a very insightful point. Many people are pursuing an ultimate goal: whether it's to multiply their portfolio by 5, 10, or even 20 times. But in fact, a better strategy is to focus on multiple small bets rather than going all-in. By continuously accumulating a series of small victories, the long-term returns from this approach may be greater. Therefore, instead of betting everything and hoping for the altcoin season to quickly double your assets, try to accumulate wealth through the compounding effect of time. Specifically, you can adopt the following strategy: Small bets > Take profits, re-bet > Take profits again, repeat. This is also why many top traders and thinkers in the crypto space (like Jordi) were once professional poker players. They learned to view each trade through the lens of probability, assessing possible outcomes rather than betting blindly. My portfolio is currently allocated as follows: 50% invested in high-conviction assets with long-term potential, and 50% in stablecoins and active trading. I will use this portion of funds to seek short-term opportunities in the market, entering and exiting flexibly. Additionally, I use stablecoins as a benchmark for measuring the success or failure of trades. Each time I exit a trade, I convert profits back into stablecoins, allowing me to clearly see my earnings. If your cryptocurrency portfolio is too diversified and you don't know how to respond to current market changes, last week I shared a guide that explains how to optimize your portfolio based on market changes. In this article, I emphasized a key point: the importance of setting "invalidation" standards for each trade. Just like when you decide to buy a certain cryptocurrency, you need a clear reason to validate your choice. "Invalidation" refers to the criteria for exiting a trade promptly when market conditions no longer meet your expectations. I have noticed that many people enter trades without basic risk management awareness and without setting clear exit criteria. This often leads to unnecessary losses. If you are looking for a suggestion that can significantly enhance your future profitability, it is this: Establish clear technical or fundamental "invalidation" standards for each trade. This will not only help you manage risk better but also improve the overall efficiency of your trades. Of course, your confidence level in a trade and the expected holding period may influence how you set "invalidation" standards or trigger conditions. But regardless, this does not change the fact that you need to plan ahead. Having a clear exit plan is one of the keys to successful trading. Although the current market may not fully adhere to past cyclical patterns, I remain optimistic about the future. As long as you maintain the right mindset and strategy, 2025 still holds great potential for growth. Currently, we are in a bear market phase, but market trends will eventually change, bringing many new opportunities. Before that, your primary goal is to survive. The returns in the cryptocurrency market often belong to those who can endure through extreme volatility. No matter how the market fluctuates, patience and resilience are the keys to ultimate success.

Original Title: Advancing Agentic AI Original Authors: David Han, David Duong, Coinbase Original Compiler: Deng Tong, Jinse Finance · AI agents have become one of the most promising narratives in the AI x crypto space, but the field remains in its infancy and difficult to navigate due to rapid technological advancements and the proliferation of agents. · Investor interest in AI agents is primarily reflected in two areas—core infrastructure for launching and hosting agents, as well as the individual agents themselves. · We believe that, due to the continually enriching functionalities of AI agents in the crypto space, there is significant growth potential in the future. However, at least for now, expectations for AI agents may exceed the actual development of the technology itself. AI agents have become a revolutionary topic not only in the crypto space but also in the broader tech landscape. The concept of autonomous entities capable of analyzing market news sources or other external data and making real-time decisions has captured the imagination of many institutional investors. Elsewhere, some leaders in the tech industry believe that AI agents may ultimately replace the massive software as a service (SaaS) industry. In other words, well-trained AI agents could, in principle, accomplish any task involving digital interfaces. We believe that the crypto space could play a central role in the future, becoming the primary value transfer mechanism for AI agents. The inherent programmability and permissionless design of crypto support the scaling and deployment of virtually unlimited numbers of such agents, enabling a broader range of use cases from managing portfolios on-chain to paying for offline services. Given this potential opportunity, the market capitalization of agent AI crypto assets peaked at over $20 billion in early January, before nearing $8 billion by the end of the month. The recent decline may indicate that expectations for AI agents have begun to outpace the actual development of the technology itself. While we expect this theme to reshape the crypto x AI landscape in the long term, its short-term applications are constrained by integration and agent differentiation challenges, as well as the unclear long-term utility of agent tokens. In other words, realizing the full potential of AI agents may take longer than many anticipate. Many popular AI tools, including chat interfaces like ChatGPT or image generators like Stable Diffusion, are wrappers around generative AI models. They are defined by a bounded set of inputs and outputs, typically in the form of text, audio, and images. AI agents extend the direct functionalities of these models by introducing a new class of applications that represent a "combination of reasoning, logic, and access to external information" (according to Google’s definition). Specifically, AI agents can access and interact with a broader range of data and tools, enabling them to drive more complex behaviors, from searching multiple databases to planning trips and booking flights. With on-chain wallet integration, the scope of AI agent activities is significantly expanded by incorporating payment services into their toolkit. Crucially, AI agents can also leverage their reasoning capabilities to act autonomously in dynamic environments. The triggers for AI agents are not limited to manual user prompts—they can be based on various data streams concurrently, including posts from X (formerly known as Twitter) or Twitch chats. Similarly, their responses can include multi-step outputs, such as placing orders, making payments, and sending confirmations to relevant parties. Agents typically consist of (1) a core LLM model as their reasoning engine, (2) short-term and long-term memory components, (3) potential role or personality frameworks, and (4) most importantly, the ability to access a broader internet and other tools via application programming interfaces (APIs). Thus, decisions made by agents can directly impact the real world. The infrastructure and tools surrounding AI agents are rapidly evolving, becoming one of the most talked-about tech trends over the past year. Multiple developer frameworks for building AI agents (including but not limited to CrewAI, LangGraph, AutoGen, phidata, Atomic Agents, AgentGPT, and AutoGPT) are vying for market adoption, with the top 15 code repositories on Github in January 2025 all related to AI. The attention and excitement around AI and its agent applications have also extended to AI-related tokens in cryptocurrency. Since the fourth quarter of 2024, the recent growth in token values has largely been associated with the theme of agent AI, which currently accounts for 29% of the total value of all AI-related crypto tokens. Within the agent AI ecosystem, agent tokens represent the majority of the valuation, with a market cap of $4.5 billion, while tokens related to launch pads and frameworks are valued at $2.9 billion according to data from cookie.fun, a platform tracking AI agents in the crypto space. We believe that the excessive focus on agents relative to their underlying infrastructure is partly driven by the meme nature of many "agents," which aligns with the increased meme coin activity observed for much of 2024. In fact, one of the earliest viral AI-related tokens gained notoriety due to its endorsement by the AI agent operating the well-known X account truth_terminal (now with over 250,000 followers), rather than having an underlying project or governance structure associated with it. That said, some AI agent tokens offer more utility by granting access to token-gated chat terminals or services, where agents can provide differentiated insights on various topics (e.g., the state of the crypto market). Meanwhile, in our view, AI infrastructure tokens tend to be more based on the revenues of specific projects, often used for fee payments and governance. So far, most AI agents, launch pads, and other infrastructures have found their home on high-throughput, low-cost blockchains—especially on Solana and Base. Solana accounts for $4.2 billion of the agent AI token market cap, Base accounts for $3 billion, and the remaining chains collectively account for $1.5 billion in market cap. We believe this is partly because low-cost architectures are necessary to support the widespread adoption of AI agents. Additionally, we think that the strong developer ecosystem formed on leading chains fosters a virtuous cycle of idea sharing and adoption. The current AI agent landscape features several leading agents that have begun to dominate the space. The most prominent AI agent to date, aixbt, has gained attention by operating an X account (now with over 465K followers) dedicated to engaging with the crypto audience on the platform. It has a token-gated terminal where users holding sufficient project tokens can access a dedicated chat space with the agent, allowing private access to its real-time "thoughts." Other leading agents, such as zerebro (with 119K followers), also follow a similar model, gaining attention in the space through prominent social media profiles. Zerebro particularly focuses on on-chain art generation. Its native token can be used to pay for the creation of images, while its chat terminal is controlled by NFTs. However, not all AI agent tokens appear to have utility. One of the most followed AI tokens (tracked by cookie.fun) is Fartcoin, which was conceived through conversations with the aforementioned truth_terminal AI agent. That said, the origin of the token itself is related to the AI agent, although the long-term utility of the token remains unclear beyond its meme significance. We believe that the interaction between memes and the utility of AI agent tokens attracts traders from various fields, from speculators to value investors. That said, given the rapid evolution of the space, we believe the ultimate scope and capacity of any single token remain largely unknown. In other words, whether meme coins associated with AI agents will evolve beyond pure speculation to demonstrate community governance or any utility beyond access gating remains an open question. We will discuss this further in the risks and future sections below. After becoming one of the best-performing areas of cryptocurrency in November and December 2024, AI agent tokens suffered a significant blow in January 2025, partly due to the market becoming severely saturated in such a short time. This led to some market consolidation. Since many of these tokens compete directly with memecoins in the attention economy of cryptocurrency, it remains challenging to plan for value accumulation in this space. In the short term, we find that direct protocol revenues tend to be concentrated on the trading interfaces and launch pads deploying AI agent tokens rather than the tokens themselves, despite their relatively small total market cap. On Base, Virtuals Protocol has been the leading AI launch pad, facilitating the streamlined launch of AI agents and tokens in gaming and various application domains. (Note: Virtuals announced its expansion to Solana on January 25.) Virtuals agents can be created without any coding. Users simply fill out a simple form and spend the required amount of Virtuals platform tokens. Upon submission, baseline agents are initialized on the Virtuals infrastructure while the related tokens are minted on-chain. Initially, tokens are deployed in a bonding curve, and once a certain liquidity threshold is reached, they are moved to a Uniswap pool. (Note: This bears some resemblance to token launches on pump.fun and their transition to Raydium pools.) So far, nearly 16,000 agent tokens have been launched on Virtuals, generating over 20 million Virtuals tokens for fees. That said, the number of agents launched has decreased in recent weeks, dropping from a peak of 1,181 in a single day to an average of 31 in the last week of January. Additionally, the number of tokens with sufficient liquidity has fallen to an average of one to two per day. Overall, of the 15,985 tokens launched, only 334 (2%) reached sufficient liquidity to transition to Uniswap pools, indicating fierce competition for attention and capital. We believe this decline is primarily due to the difficulty of creating new agents that are sufficiently distinct from existing ones. While Virtuals agents can be customized in their cognition, voice, and visual core, parsing the variations among agents launched on Virtuals has become an increasingly daunting task—similar to the competition for idea sharing seen with memecoins. Nevertheless, we believe that as AI agent integration expands and use cases are further explored, launch pads like Virtuals will play a key role in the diffusion of agents within the ecosystem. In fact, the aforementioned aixbt was launched on Virtuals. The main alternative to the Virtuals launch pad is the ElizaOS agent framework. Unlike mature launch pads that offer streamlined deployment, developer frameworks like ElizaOS provide only the technical scaffolding needed to build agents. In other words, more technically inclined agent creators can use ElizaOS to launch highly customized agents across different blockchain networks, as model hosting, validation, and other engineering tasks are left to the creators. That said, AI agent hosting companies like Fleek also support no-code deployments of models based on ElizaOS. As a pure AI agent development framework, ElizaOS does not have a native token. However, the ai16z governance token on Solana (now renamed ElizaOS token) is often seen as a proxy for the adoption of this technology, as the creator of the ai16z decentralized autonomous organization (DAO), Shaw Walters, is the founder of Eliza Labs, which oversees the development of ElizaOS. The ai16z DAO itself manages on-chain and off-chain investments, with AI fund managers (built using the ElizaOS framework) handling trades and positioning. The ElizaOS framework is particularly noteworthy as its codebase has garnered significant attention since its release—at one point becoming the most popular repository on Github. If developers find a project particularly impactful, they can choose to "star" the repository, similar to liking a photo or post on social media. The stars received by ElizaOS make it quite competitive among many other leading AI agent frameworks, including those launched by tech giants like Microsoft. (See Figure 3.) We believe this indicates a genuine interest from the broader software engineering community in the intersection of AI agents and on-chain activities, which is a core differentiating feature of ElizaOS as an AI agent framework. In addition to Virtuals and Eliza, many other AI agent frameworks and launch pads are emerging, finding their niche markets. For example, Griffain aims to create a network of agents tailored for DeFi activities. Meanwhile, the Arc agent framework stands out by being built using Rust and designed to be more lightweight and modular. We expect this space to evolve rapidly as these frameworks develop and new frameworks are adopted. Furthermore, we believe that as more capital flows begin to shift towards DeFAI (Decentralized Finance + AI) and/or other infrastructures, the decline in AI agent performance in January may signal that the industry is maturing ahead of schedule. DeFAI represents the convergence of AI and crypto technologies to enhance various DeFi functionalities. Its benefits include the ability to run automated yield farming strategies and use predictive algorithms for better risk management and fraud prevention. As many DeFi protocols begin to stagnate, the integration of AI capabilities with existing ecosystems could drive new innovations. Over time, the industry is expected to nurture new financial products and scale many DeFi platforms through the computational power of AI. However, at present, the long-term utility of AI agent tokens remains unclear beyond gatekeeping access and facilitating governance. The reality is that while AI agents have made significant progress very rapidly, we have not yet reached a point where fully autonomous AI agents can handle complex real-world tasks without any supervision. Their current reliability remains limited, and costs are still prohibitively high. Many AI agents also struggle to consistently handle data validation issues, which could raise legal concerns or impact user confidence. Nonetheless, ongoing breakthroughs like the emergence of the DeepSeek R1 model, which focuses on advanced "reasoning" tasks, may disrupt concerns about the speed-cost ratio. In fact, these models are evolving rapidly, and Deloitte predicts that within two years, half of all companies currently using generative AI may launch AI agents. Ultimately, the transformative vision is that we may have a multi-agent system where autonomous AI agents strategically collaborate and/or compete to optimize outcomes that may be more complex than currently possible. However, the nascent nature of the field makes predictions challenging. Additionally, large tech companies like OpenAI have only recently begun releasing their early AI agents, and we expect more companies to follow suit soon. The development of centrally hosted AI agents—potentially integrated into traditional payment rails—could also have disruptive implications for the adoption of on-chain AI agents. We believe that the evolution of this space will heavily depend on the flywheel of pioneers and early adopters. Over the past few months, AI agents have been one of the most discussed topics in liquidity tokens, with the most attention and trading opportunities. Although the valuations of many major tokens have significantly declined from their historical peaks (witnessed in early January), we believe that, in the long run, developer interest and capital inflow into this space could provide significant momentum for the entire industry. At the same time, we believe that predicting the long-term value capture of AI tokens may be premature, as both cryptocurrency and the broader tech landscape could disrupt this space. Additionally, we believe that the current on-chain utility of agents may not be sufficient to justify having thousands of high-usage agents in the short term. Nevertheless, we believe that due to the rapid pace of innovation and significant long-term potential, this space remains an important topic worth watching.

North Carolina House Speaker Destin Hall has introduced a bill to invest public money in cryptocurrency. The bill would enable the state to allocate funds to create a Strategic Bitcoin Reserve and other Bitcoin-related investments. According to news reports, the North Carolina House Speaker is pushing to invest up to 10% of the state’s general and highway funds in crypto assets. However, this would be limited to digital assets with high market capitalizations, making BTC the only qualifying cryptocurrency. Strategic Bitcoin Reserve Legislation North Carolina as a Leader in Technology The introduction of House Bill 92 that was sponsored by Representatives Destin Hall, Mark Brody, and Steve Ross, makes North Carolina the 20th state to introduce similar bills aiming to establish a Strategic Bitcoin Reserve by putting public money into crypto where most of them intend to invest portions of their state’s retirement funds. According to the Bill, the cryptocurrencies that qualify should have a market capitalization of at least $750 billion during the one year preceding the potential investment to qualify. Representative Hall said in a statement: “Investing in digital assets like Bitcoin not only has the potential to generate positive yields for our state investment fund but also positions North Carolina as a leader in technological adoption & innovation.” Regulated via ETP As a result, only Bitcoin could comfortably qualify to meet this requirement as its threshold is over two times that of the following digital asset, Ethereum, whose current market capitalization stands at around $323 million. Moreover, the bill further stipulates that the investment will happen via a regulated exchange-traded product (ETP). Under the bill, the state’s Treasurer will be allowed to invest in digital assets via the General Fund, Highway Fund, and 24 other special funds it supervises. The implementation of the digital asset investment will be overseen by the Governor and Council of State and a third-party investment manager that must have at least $100 million in assets under management. Apart from North Carolina, other states that have recently proposed a similar Strategic Bitcoin Reserve bill include Kentucky, which plans to allocate at least 10% of its reserves to BTC and other cryptocurrencies. Florida Senator Joe Gruters has also recently introduced the SB 550 bill, which aims to allow the state’s Financial Officer to use public funds to invest in BTC and create a Strategic Bitcoin reserve. Bill Awaiting Legislative Process Bill Awaiting Legislative Process Building a US Strategic Bitcoin Reserve has gained much traction nationally, especially following President Donald Trump’s stance on cryptocurrencies. Industry leaders like Mathew Sigel have proposed that creating a Bitcoin reserve strategy would be significant as it would help maintain the country’s economic strength. North Carolina’s Strategic Bitcoin Reserve Bill now moves to the legislative process where lawmakers will debate it, approve it, and make it one of the first states to use public funds to invest in crypto. Conclusion As institutional adoption rates rise, several states in the US are considering creating a Strategic Bitcoin reserve like the federal government plans to put in place. Lawmakers in Iowa, Maryland, and Kentucky have introduced bills similar to North Carolina’s. Only time will tell whether the respective houses will approve the proposed bills and make the crypto dream a reality. Frequently Asked Questions (FAQs) What is a strategic Bitcoin reserve? This would be a state or national stockpile of Bitcoin, similar to the US government’s strategic petroleum reserve to utilize in case of a global disruption. Is there a case for a strategic reserve for Bitcoin? Establishing a strategic reserve for BTC could strengthen a nation or state’s economic stability through debt offsetting, increased diversification, and a hedge against inflation. How would a BTC strategic reserve work in the US? This would involve the government buying and holding a BTC stockpile like gold reserves. The US federal government already has over 200,000 Bitcoins, mostly confiscated from criminal elements. How would such a reserve impact the crypto market? Proponents believe a strategic bitcoin reserve could trigger a crypto’ arms race’ to reshape the global economic order and legitimize cryptocurrencies. References Reuters Coindesk Appendix Glossary of Key Terms House Bill: Refers to a proposed law for introduction in a House of Parliament to introduce a new legislation, amend an existing one, or repeal one. Bitcoin: A cryptocurrency that operates on peer-to-peer software and cryptography and is free of any central control or the oversight of banks or governments. Strategic Reserve: A stockpile of essential resources or commodities that can be used when needed, especially during a crisis or supply disruption. Exchange Traded Product: A financial product that trades like a stock, bond, or commodity on an exchange.

On Feb. 11, Uniswap announced the launch of Unichain, its Ethereum layer-2 solution, marking its first foray into the crowded L2 ecosystem. “You can swap, bridge, and provide liquidity on Unichain directly from the Uniswap web app and in the latest version of the wallet,” the platform explained. Unichain boasts a number of performance improvements including one-second block times with a target of 250 milliseconds. It also stated that users and developers have processed over 88 million test transactions and 12 million test smart contracts on Unichain’s testnet, which was deployed in October. The pink chain has arrived You can swap, bridge, and provide liquidity on @Unichain directly from the Uniswap web app and in the latest version of the wallet Just look for the pic.twitter.com/3G4F3kQSr4 — Uniswap Labs (@Uniswap) February 11, 2025 Uniswap Enters Crowded Market “Unichain is built differently,” said Hayden Adams, Founder and CEO of Uniswap Labs. “We’re here to make DeFi faster, cheaper, and more decentralized, which is why we launched Unichain to be permissionless from day one,” he added. The new layer-2 platform offers several core functionalities, including swapping and liquidity provision, token launching capabilities, lending and borrowing services, and cross-chain trading through the ERC-7683 standard. The platform, built on the Optimism Superchain, also has no interface fees for swaps during the initial months, provides native USDC integration through Circle, has permissionless fault proofs allowing anyone to challenge transactions, and boasts 95% cheaper gas fees compared to Ethereum. Unichain has emphasized decentralization from launch, with plans to introduce a Validation Network later this year to allow public block verification. “As the first L2 to launch as a Stage 1 rollup, this means that Unichain is committed to decentralization on day one.” The platform aims to solve traditional blockchain issues like high gas fees, slow transactions, and complicated cross-chain operations while maintaining Ethereum’s core principles of being open, permissionless, and decentralized. However, it has entered a very crowded layer-2 space dominated by a handful of players. According to L2beat, the L2 ecosystem currently has a total value locked of around $42.3 billion. Arbitrum One has the largest market share of rollup-based TVL with $13.7 billion equating to 38% while Base is the second largest L2 with $11.4 billion giving it a 32% share. OP Mainnet is third with a 14% share and $5 billion TVL. L2beat lists around 60 rollup-based layer-2 networks, which Unichain will compete with, but it is backed by the world’s largest DEX, which will go a long way. Unichain mainnet is live ✸ Fast with low fees ✸ Built for cross-chain liquidity ✸ Prioritizes decentralization from day one You can now deploy DeFi apps, launch tokens, swap, provide liquidity, and more pic.twitter.com/MqJQwum4Bf — Unichain (@unichain) February 11, 2025 UNI Price Update There was no reaction from Uniswap’s native token, which fell 6% from an intraday high of $10 to $9.40 at the time of writing. The altcoin has been hammered over the past month, dumping 30%, which is in line with a broader market decline for DeFi-related assets. UNI remains down almost 80% from its May 2021 all-time high of just under $45. The post Uniswap Launches Ethereum Layer-2 Unichain to Public appeared first on CryptoPotato.

A Bitcoin miner has successfully mined Block 883,181, securing a reward of approximately $310,000. The miner, who operated independently without the backing of a major mining company, solved the cryptographic puzzle required to validate transactions and add a new block to the Bitcoin blockchain. The Mining Method Crypto journalist Pete Rizzo first reported the rare event on X, revealing that the miner processed a block containing 3,071 transactions. The miner received a reward of 3.125 BTC for solving the block and an additional 0.033 BTC in transaction fees, resulting in a total earnings of 3.158 BTC. With the cryptocurrency priced at around $98,300 at the time, this amounted to a payout of approximately $310,000. While the exact setup used by the individual remains unclear, speculation has emerged on X regarding their possible equipment. Some users suggested that the miner could have used a $200 BitAXE home mining device. Others believe they may have leveraged CKPOOL, a mining pool for solo miners that allows individuals to participate without relying on a major firm. According to data from BitInfoCharts, as of February 11, 2025, the Bitcoin network’s average hash rate is approximately 800.52 exahashes per second (EH/s). At this level, the chances of an individual miner successfully adding a block to the blockchain are extremely low. Most Bitcoin blocks are generated by large-scale industrial operations, which look like warehouses filled with powerful, high-cost mining machines run by publicly traded companies. However, on rare occasions, a lone miner manages to beat the odds and mine a block independently. Previous Solo Mining Successes Solo mining involves an individual attempting to solve complex cryptographic puzzles without assistance from a mining pool. As Bitcoin’s mining difficulty increases, the process requires more resources, making it more challenging for such operators to succeed. The rising price of Bitcoin has also led to increased competition, contributing to a higher overall hash rate and reducing the likelihood of such occurrences. However, there have been other instances of individual miners successfully mining a Bitcoin block. On April 29, 2024, a miner independently mined Block 841,286, earning them an entire 3.125 BTC reward, valued at around $200,000 at the time. In July of the same year, a BitAXE device with a hashrate of only 500 gigahashes per second (Gh/s) successfully mined Block 853,742, securing a reward of $206,000 in Bitcoin. This case was particularly notable given the probability of such an event occurring was estimated at 1 in 1.1 billion approximately every ten minutes. The post Solo Miner Hits Jackpot, Earns $310K for Mining a Bitcoin Block appeared first on CryptoPotato.