According to Foresight News, Bitcoin has surpassed the 104,000 USDT mark, currently trading at 104,029.64 USDT. This represents a daily increase of 2.65%.

According to Cointelegraph, Bitcoin's mining sector is experiencing significant challenges as the hash price, a crucial profitability metric, approaches levels that could potentially force smaller operators offline and impact the broader supply chain. The hash price, which indicates the expected daily revenue per unit of computational power, is currently around $42 per petahash per second (PH/s), having steadily declined from over $62 per PH/s in July. This downward trend is pushing Bitcoin mining operations, already grappling with narrow profit margins, to contemplate shutting down their rigs. The decline in hash price is also affecting the mining supply chain, with hardware providers receiving fewer orders from struggling miners. These providers are also experiencing losses on any Bitcoin-denominated sales due to the price drop following the October market crash. In response, some mining hardware manufacturers, such as Bitdeer, have resorted to self-mining to compensate for the reduced demand for mining machines. The combination of razor-thin profit margins, high capital expenditure on hardware upgrades, and rising energy costs has prompted many Bitcoin miners to pivot towards AI and high-performance computing data centers to sustain revenue as Bitcoin mining becomes increasingly competitive. Bitcoin miners face the inevitability of having their rewards halved every four years during the Bitcoin halving, as the computational power and electricity required to mine blocks continue to rise. The Bitcoin network's hashrate has surpassed 1 zetahash per second (ZH/s), reflecting the growing complexity of mining operations. Initially, in 2009, the block reward for successfully mining a block was 50 BTC, with node runners using CPUs on personal computers. However, following the April 2024 halving, the BTC block reward decreased to 3.125 BTC, necessitating the use of specialized mining hardware known as application-specific integrated circuits (ASICs) for BTC mining. These challenging economic conditions have compelled many miners to diversify into adjacent AI data center and compute businesses, which have proven lucrative. In October, Cipher Mining secured a $5.5 billion agreement with tech giant Amazon to provide compute power to Amazon Web Services over a 15-year period. Similarly, IREN, a Bitcoin mining company, signed a deal with Microsoft in November to offer GPU computing services valued at $9.7 billion. These strategic shifts highlight the evolving landscape of the Bitcoin mining industry as it adapts to the pressures of declining profitability and increasing competition.

On Nov 07, 2025, 22:08 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 104,000 USDT benchmark and is now trading at 104,033.28125 USDT, with a narrowed 2.74% increase in 24 hours.

OKX market data shows that BTC has broken through 104,000 USDT and is currently trading at 104,020.1 USDT, a 24-hour increase of 2.68%. (This news item was generated with AI assistance.)

On Nov 07, 2025, 21:17 PM(UTC). According to Binance Market Data, BNB has crossed the 990 USDT benchmark and is now trading at 990.200012 USDT, with a narrowed 4.51% increase in 24 hours.

According to Cointelegraph, My First Bitcoin, an educational program based in El Salvador, has concluded its partnership with the country's Ministry of Education. The organization will now pivot from conducting local classes to supporting global Bitcoin education efforts. Having educated over 27,000 students in El Salvador about Bitcoin (BTC), the program aims to extend its reach by providing open-source materials and training tools to educators and community projects worldwide. In a statement released on Friday, My First Bitcoin announced the closure of its physical office in El Salvador and the transition to a fully remote work model. Founder John Dennehy expressed the organization's ambition to expand its impact from a national to a global scale, stating, "Our ambition was always to change the world, but we had to start with a single student, then a single city, then a single nation and now we are ready to raise the potential impact from 6 million people to 8 billion." Established in 2021 by American activist and journalist John Dennehy, My First Bitcoin initially provided free Bitcoin education to Salvadorans. In 2023, it partnered with El Salvador’s Ministry of Education to integrate its Bitcoin Diploma program into public schools by 2024. This development occurs as El Salvador reassesses its Bitcoin policies following a recent agreement with the International Monetary Fund (IMF). El Salvador adopted Bitcoin as legal tender in September 2021 and began accumulating one Bitcoin per day shortly thereafter. However, in December 2024, the country secured a $1.4 billion financing agreement with the IMF, which included commitments to scale back its Bitcoin initiatives, thereby limiting its BTC accumulation plans. As part of the agreement, lawmakers amended the country's Bitcoin law in January to make BTC acceptance voluntary for businesses. In July, the IMF released a report indicating that El Salvador had not purchased any new Bitcoin since the December agreement. Despite this, the El Salvador Bitcoin Office’s website continues to display records of the government’s recurring Bitcoin purchases, with holdings amounting to 6,374 BTC, valued at approximately $654.8 million at the time of reporting.

According to Odaily, the U.S. Senate Minority Leader Chuck Schumer's aide announced that the Democratic Party has proposed a plan to reopen the government. The proposal includes passing a short-term funding bill without any additional conditions, along with a bipartisan mini-omnibus appropriations bill.

Aides to Senate Minority Leader Chuck Schumer said Democrats have proposed reopening the government by passing a short-term funding bill without conditions and a bipartisan mini-omnibus funding bill.

OKX market data shows that BTC has broken through 103,000 USDT and is currently trading at 103,026.1 USDT, with a 24-hour increase of 1.15%. (This news item was generated with AI assistance.)

On Nov 07, 2025, 19:36 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 103,000 USDT benchmark and is now trading at 103,000 USDT, with a narrowed 1.30% increase in 24 hours.

Bitcoin ETFs were once seen as a passport for institutional investors. Now, they are becoming a trigger for systemic risk.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Zcash surged from $156.21 to $533.92 between October 8 and November 7, 2025, a 30-day increase of 241% (3.41 times), and a 67% increase from its previous high of $319 in May 2021, successfully achieving a technical breakout.

This article will explore how Coinbase's diversified businesses work together to achieve its vision.

There was a time when the rules of the primary market were relatively clear: venture capitalists provided the funding, key opinion leaders (KOLs) amplified the voices, and retail investors provided liquidity. But today, this system seems to be breaking down.

Recommended reading tonight: 1. The culprit behind the Stream collapse: DeFi Curator's crisis and opportunity; 2. The bloody history of the top ten cryptocurrency scams that swindled billions; 3. MEV is not destiny, but a choice that blockchain must face.

Crypto Market: A Billion-Dollar Scam - The Blood and Tears History of the Top Ten Crypto Scams (Golden Finance) Cryptocurrency itself is not a scam, but scams always seem to emerge alongside new fields.

Trump's cryptocurrency advisor, David Bailey, warned that the credit crisis in the DeFi lending sector is evolving into a cryptocurrency liquidity crisis.

Coinbase Europe was fined €21.5 million by the Central Bank of Ireland after its system failed to monitor over 30 million transactions worth more than €176 billion between 2021 and 2022. The errors, caused by coding mistakes, meant some potentially suspicious transactions linked to crime went unchecked, and Coinbase has since fixed the system and strengthened its controls.

Chinese singer-dancer Xin Liu has unveiled the official music video for her latest single Passion — filmed entirely in Singapore — joining a growing list of international artistes collaborating with the Singapore Tourism Board (STB) to spotlight the city’s cultural and creative landscape.