BTC mining to sustainable energy Fusaka hard fork expected to take place by the end of 2025

Bitcoin

Bitcoin mining is turning to sustainable energy

Golden Finance reported that the latest research report from the Cambridge Centre for Finance (CCAF) shows that the sustainable energy utilization rate in the Bitcoin mining industry has risen to 52.4%, a significant increase from 37.6% in 2022. The report pointed out that natural gas (38.2%) has replaced coal (8.9%) as the largest single source of energy, with coal utilization falling sharply from 36.6% in 2022. The data also shows that North America dominates global mining activities, with the United States accounting for 75.4% and Canada accounting for 7.1%. The study, based on a survey of 49 mining companies in 23 countries, covering 48% of global mining activities, estimates that Bitcoin consumes 138 terawatt hours of electricity per year, accounting for about 0.5% of global electricity consumption.

Former US SEC Chairman: Bitcoin may continue to exist for a long time

Golden Finance reported that according to Cointelegraph, former US SEC Chairman Gary Gensler said in a video interview, "Bitcoin may continue to exist for a long time because 7 billion people around the world have shown great interest in it."

Bitcoin network computing power hits a record high

On April 17, according to CloverPool data, Bitcoin's total network computing power once exceeded 1000 EH/s, a record high, and is now reported at 893 EH/s; the current average computing power of the entire network in the past seven days is 888.85 EH/s. While the growth in Bitcoin’s computing power signals an improvement in the security of the network, it also means that the cost of mining 1 Bitcoin is increasing. Combined with the reduction in block rewards due to the 2024 Bitcoin halving, the growth in hashrate could lead to the consolidation of smaller mining companies.

As Bitcoin rises, speculative funds are returning to the market

Golden Finance reported that as Bitcoin rises, Bitcoin short-term holders (STHs) are returning to the market, marking the entry of speculative capital. Glassnode shows that there has been a surge in Bitcoin hot capital. As BTC prices hover around multi-month highs, new investors are entering the market. Glassnode noted that the amount of Bitcoin transferred in the past week has reached its highest level since early February. This indicator reflects the activities of short-term holders and is a reference indicator for measuring speculative capital entering the market. In the past week alone, hot capital has increased by more than 90% to nearly $40 billion. Hot capital has increased by a total of $21.5 billion since the local low in late March, and this surge in capital turnover highlights the change in market sentiment.

Grayscale launches Bitcoin Adopters ETF

Golden Finance reported that according to the official announcement, Grayscale launched the Bitcoin Adopters ETF (code: BCOR) to provide investment exposure for companies that use Bitcoin as a treasury reserve asset.

Bitcoin mining is turning to sustainable energy

Golden Finance reported that the latest research report from the Cambridge Centre for Finance (CCAF) shows that the sustainable energy utilization rate in the Bitcoin mining industry has risen to 52.4%, a significant increase from 37.6% in 2022. The report pointed out that natural gas (38.2%) has replaced coal (8.9%) as the largest single source of energy, with coal utilization falling sharply from 36.6% in 2022. The data also shows that North America dominates global mining activities, with the United States accounting for 75.4% and Canada accounting for 7.1%. The study, based on a survey of 49 mining companies in 23 countries, covering 48% of global mining activities, estimates that Bitcoin consumes 138 terawatt hours of electricity per year, accounting for about 0.5% of global electricity consumption.

The correlation between Bitcoin and gold rebounded and returned to the historical cycle pattern

Gold Finance reported that the 30-day Pearson correlation between Bitcoin and gold rebounded to 0.54 in April 2025 from -0.67 in February, close to the annual high of 0.73. In February, the price of Bitcoin fell from $102,000 to $84,000, while the price of gold rose to $2,850, causing the correlation between the two to drop sharply. Since then, Bitcoin’s correlation with gold has quickly recovered as the U.S. imposed tariffs on a number of countries, sparking macroeconomic uncertainty. Bitcoin was re-identified as “digital gold” and after Trump announced “Liberation Day”, the price of BTC rose by more than 10% and gold also rose by 5%. Historical data shows that the correlation between Bitcoin and gold has rebounded rapidly after the trough many times, usually approaching above 0.8 again.

Bitcoin bullish momentum begins to take shape

Golden Finance reported that the Bitfinex Alpha report pointed out that Bitcoin continued to show impressive resilience, rising more than 10% in the past week, outperforming traditional risk assets such as the S&P 500. After weeks of volatility and low liquidity, Bitcoin has reclaimed its range low of $94,000 — a key marker as it was this level that underpinned the cryptocurrency’s rally to all-time highs in January. Additionally, Bitcoin has now also recovered to the short-term holding cost basis level at around $92,900, a key on-chain pivot point that typically distinguishes a pullback phase from renewed bullish momentum. In addition to the positive market structure, the profit margin indicator has also rebounded to 87.3%, indicating that market health and investor profitability are improving.

Ethereum

Ethereum Fusaka hard fork is expected to take place at the end of 2025

Golden Finance reported that officials of the Ethereum Foundation said that the Ethereum Fusaka hard fork is expected to take place in the third or fourth quarter of 2025, but the specific release schedule has not yet been determined. Ethereum core developer Tim Beiko confirmed that “EOF has been removed from the Fusaka network upgrade” because developers believe that “there are technical uncertainties and may cause delays in the launch of Fusaka.” EOF originally planned to introduce Ethereum through a series of Ethereum Improvement Proposals (EIPs). The net supply of Ethereum has increased by 16,913 in the past 7 days. According to Ultrasound.money data, Golden Finance reported that the net supply of Ethereum has increased by 16,913 in the past 7 days, of which the supply increased by about 18,219 ETH, and 1,305 ETH were destroyed through the destruction mechanism. The total supply of Ethereum has reached 120,715,598 ETH, and the supply growth rate is currently 0.731% per year.

Ethereum community members propose new fee structure for application layer

On April 28, Ethereum community members Kevin Owocki and Devansh Mehta proposed a dynamic fee structure proposal for the Ethereum application layer on April 27 to strike a balance between revenue generation for application developers and the fairness of fee extraction. The scheme uses a square root function to calculate the fee ratio, charging a higher ratio when the funding pool is smaller, and capping the fee at 1% when it exceeds US$10 million to support application developers and encourage project growth. Owocki and Mehta’s proposal to balance revenue and profitability for ethereum application developers reflects growing calls for reforms to fee structures and value accrual mechanisms to keep ethereum economically viable relative to competing networks.

The total locked value of Ethereum Layer2 network is 31.21 billion US dollars, up 13.2% on the 7th

Golden Finance reported that according to L2BEAT data, the current total locked value of Ethereum Layer2 network is 31.21 billion US dollars, up 13.2% on the 7th. The top five locked positions are: Base ($11.7 billion, up 16.1% in 7 days); Arbitrum One (US$11.46 billion, up 9.07% on the 7th); OP Mainnet (US$3.38 billion, up 9.22% on 7 days); Unichain ($580 million, up 44.2% in 7 days); ZKsync Era ($578 million, up 13.2% in 7 days).

Ethereum developers plan to increase the Gas limit of Fusaka hard fork by 4 times

Golden Finance reported that according to Ethereum Improvement Proposal (EIP) 9678, Ethereum developers proposed to increase the Gas limit to 150 million during the Fusaka hard fork. The proposal was put forward by Sophia Gold, a developer on the Ethereum Foundation’s protocol support team, on April 23. At a recent All Core Developers Executive (ACDE) meeting, discussions were ongoing regarding the gas limit increase as a “key feature” of Fusaka, ethereum core developer Tim Beiko mentioned in a summary of the meeting on April 24. “To unify client defaults and keep this priority, we drafted an EIP. This is a bit unusual, but not without precedent (see EIP-7840). We plan to merge it early next week and formally do SFI at the next ACDE,” Beiko said.

Other projects

Stacks Asia cooperates with Abu Dhabi to expand Bitcoin projects

Golden Finance reported that Stacks Asia DLT Foundation has become the first Bitcoin organization to establish an official institution in the Middle East, aiming to promote institutional adoption of Bitcoin by expanding educational programs. Stacks Asia has partnered with Abu Dhabi Global Market (ADGM) in a move that could boost adoption of its Bitcoin Layer 2 solution in the Middle East and Asia.

Re7 Capital established a US$10 million SocialFi fund, intending to invest in approximately 30 start-up projects

Golden Finance reported that Re7 Capital announced the establishment of a US$10 million SocialFi special fund, aiming to invest in approximately 30 early-stage projects. Although the field is still developing slowly, Re7 partner Luc de Leyritz said that "the time is ripe" and the infrastructure, talent and user behavior have reached resonance. The fund will make investments in the form of first-round checks ranging from US$100,000 to US$300,000, with a focus on supporting emerging SocialFi platforms in the ecosystem such as Lens Chain and Farcaster. The first round of funds has been 60% subscribed.

Crypto project World launched in the United States, plans to launch Visa card and Tinder pilot projects

Golden Finance reported that the human verification crypto project World was launched in the United States. Users can obtain WLD tokens by verifying their identity and establish a World ID. The project will be launched in six cities: Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco. At the same time, World plans to launch a Visa card that will allow users to pay with WLD tokens and other digital assets. In addition, World has partnered with Match Group to launch a pilot among Tinder users in Japan to help users verify their real identities. World will also provide access to prediction market Kalshi through its app.