The profitability of bitcoin mining has been dwindling compared to that of Ethereum in recent months. Ethereum miners had consistently surpassed bitcoin for almost a year. That is until now when the returns from bitcoin mining have taken the lead once more.Data shows that bitcoin miners have been recovering in comparison to their ETH counterparts. This has been obvious in the closing gap of the last several months where Ethereum miners had barely

 Celebrate Binance’s 5th Anniversary with Binance FuturesStarting on Jul 7th, Binance Futures will launch a promotion where all users who complete a few tasks will be eligible to share rewards from a prize pool of 188,888 BUSD and 200 Limited Edition NFTs. Participate now!Chart of the WeekOn-Chain DynamicsThe number of BTC tokens held on known cryptocurrency exchange wallets continues to decline as roughly 40,000 BTC, worth more than $760 million

Venture capital firms are still pouring funding into crypto and Web3 projects, and the rate at which they are doing so has increased from the same time last year, despite the market.According to the Wu Blockchain monthly VC funding report, the total amount venture firms invested in Web3 startups in June was $3.67 billion.The figure has fallen by 18% from the $4.45 billion invested in May, but surprisingly it is up 60% from June 2021’s $2.3 billio

Despite the recent market downturn; MATIC, YFII, SAND and HBAR have all seen an increase in buying pressure this week with YFII outperforming the market. There appeared to be no fundamental reason for YFII to rally. Looking at the charts, after a sustained downtrending period, it bottomed out at around $340 and is currently up 183% since then, seeing a huge increase in volume on our convert portal. SAND has also seen an increase in buying volume,

 Happy Friday! The Weekly Market Highlights is an initiative from the Binance Research team to round up the week, summarizing key market events and views from the team. This note is targeted to be published weekly on Fridays.🔎 Macro / Tradfi- Now it is official, US stocks have recorded their worst first half in more than 50 years! The S&P 500 index fell more than 20.6% during the first six months of 2022. Simultaneously, the tech-heavy Nasdaq in

Binance announced on Thursday that it has partnered with Khaby Lame, the Italian Senegalese creator who grew to fame through his viral TikTok videos, to be a global brand ambassador.As the blockchain ecosystem behind the world's largest cryptocurrency exchange, Binance will partner with Khaby to increase Web3 awareness and adoption.Khaby became a sensation for his spin on “life hack” videos, navigating overly complicated scenarios without saying

As the Grayscale Bitcoin Trust (GBTC) discount — the value of the shares versus the underlying asset — continues to trade in the double-digits, the Securities and Exchange Commission has rejected the company’s application to convert it into an ETF. While Grayscale has filed a lawsuit against the SEC to try to force their hand \to change this, Messari Research’s Ryan Selkis has laid out a few scenarios in a note that he sees as possible outcomes f

Lin Chuan is on track to graduate next year with a master’s degree in computer science from Peking University. The weak global economy notwithstanding, he plans to start his career working in the next iteration of the internet, blockchain-based Web3.The 23-year-old has interned at Baidu, China’s internet search behemoth, and at global venture firm GGV Capital. He is disappointed by the dwindling opportunities in Web2 amid China’s tech crackdown a

Polkadot has upgraded its decision-making process to be more inclusive and decentralized, while dramatically increasing the number of proposals that can be voted on, the blockchain ecosystem’s founder, Gavin Wood, announced at the annual community gathering, Polkadot Decoded.Polkadot’s Governance version 2 (Gov2) will remove any preferential “first-class citizens” in terms of governance, such as the Polkadot Council and Technical Committee, leavi

No bosses. No 9-5 grind. No corporate bureaucracy. Limitless potential for growth. This is the lure of DAOs, or decentralized autonomous organizations, which many in the Web3 space view as the “future of work.”At a DAO, instead of toiling away as a cog in the corporate wheel, you can unleash your inner entrepreneur and contribute as much or little as you’d like. You can work at one DAO or you can work at 10 DAOs. Maybe you choose to work 12-hour