Crypto’s Rough Week: Mining Profits Crater, Coinbase Stumbles, and an Unexpected Contender Emerges
Bitcoin miners face profit squeeze as hashprice hits 18-month low—just as Wall Street discovers ’energy costs matter.’ Meanwhile, Coinbase’s Q2 earnings miss sparks sell-off, proving even crypto’s golden child isn’t immune to gravity.
And in left field: a little-known Layer 2 token surges 300% on pure meme energy. Because nothing says ’store of value’ like a cartoon frog.
Bonus jab: TradFi analysts still can’t decide if crypto is dead or the next big thing—golden handcuffs make terrible crystal balls.