ProBit Global Highlights:
Gear up for an exciting week on ProBit Global with awesome projects set to join our platform:
New and upcoming listings:
- New: Nexora (NEXORA), Endemic (END)
- Upcoming: Vista Finance (VISTA) (stay tuned for more information)
Join us as we welcome these innovative projects to our exchange and celebrate their addition to our growing ecosystem!
Ethereum’s Gas Limit Set to Rise: A Pivotal Moment for Scalability and Innovation
Ethereum is on the brink of a major shift, as over 50% of its validators signal support for increasing the network’s gas limit. This would allow more transactions per block, potentially reducing fees and improving efficiency. The last increase was in 2021, and this would be the first under Ethereum’s proof-of-stake system. While some believe it will boost innovation, others worry about risks like network instability. Ethereum co-founder Vitalik Buterin supports a gradual approach, tying future increases to tech improvements. This decision marks a crucial moment for Ethereum’s scalability, shaping its future as a leading blockchain network.
Real-World Asset Tokens Surge to New Highs, Leading Crypto’s Comeback
The tokenization of real-world assets (RWA) is reaching new heights, with the total value locked (TVL) in the sector hitting $17.1 billion—matching its all-time high. This marks a 94% increase from last year, adding nearly $4 billion in just three months. RWA tokens are outpacing the broader crypto market, fueled by shifting economic policies and renewed investor interest. Wall Street is also taking notice, betting big on the future of tokenized assets. With demand surging, RWA tokenization is reshaping financial markets, offering real-world utility in a rapidly evolving digital economy.
How DeepSeek’s AI Shockwave Shook Bitcoin and Global Markets
The launch of DeepSeek, a powerful and cost-effective Chinese AI model, sent shockwaves through financial markets, causing Bitcoin and tech stocks to plunge. Investors panicked as DeepSeek challenged U.S. dominance in AI, leading to a sell-off in major tech firms like Nvidia and Apple. Crypto wasn’t spared—Bitcoin and Ethereum dropped 6% and 7%, respectively, as risk assets tumbled. While the AI model has no direct ties to crypto, market sentiment drove the decline. However, analysts remain optimistic, believing DeepSeek's innovation could accelerate AI development worldwide without long-term damage to Bitcoin’s trajectory.
MicroStrategy Pauses Bitcoin Buying, Holds $30 Billion in BTC
MicroStrategy, the largest corporate holder of Bitcoin, has hit pause on its aggressive BTC buying spree. After 12 straight weeks of purchases, the company now holds a staggering 471,107 BTC—worth over $30 billion. Despite market volatility, MicroStrategy remains committed to holding its Bitcoin, a strategy that has inspired other companies like Semler Scientific and Rumble to follow suit. Even governments are exploring Bitcoin reserves, with the U.S. forming a task force to assess its potential. As the crypto landscape evolves, MicroStrategy’s bold bet on Bitcoin continues to shape the market’s future.
Bitdeer Expands to Canada with $21.7M Power Plant Acquisition for Bitcoin Mining
Bitcoin mining giant Bitdeer has acquired a 101-megawatt gas power plant in Alberta, Canada, for $21.7 million, marking its first site in the country. The facility will support a vertically integrated mining operation, giving Bitdeer greater control over costs and efficiency. With plans to develop a 99 MW data center and potential expansion to 1 GW, the company also intends to sell power back to the grid. Site preparations begin in Q2 2025, with full operations expected by Q4 2026. This move reinforces Bitdeer’s strategy to optimize energy use while scaling its mining operations.
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