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The Funding: Why 'VC coins' like BERA are facing backlash
The Funding: Why 'VC coins' like BERA are facing backlash

This is an excerpt from the 21st edition of The Funding sent to our subscribers on Feb. 9.The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member.To subscribe to the free newsletter, click here.

The Block·2025/02/09 23:12
Crypto VC Suggests Market Nearing Local Bottom as Bearish Sentiment Peaks
Crypto VC Suggests Market Nearing Local Bottom as Bearish Sentiment Peaks

Hartmann pointed to extended negative funding rates and widespread bearish sentiment as signs that the market could soon rebound.

CryptoNews·2025/02/09 16:00
Flash
  • 04:22
    Data: Today's Crypto Fear and Greed Index is 71, indicating continued market greed
    According to ChainCatcher, citing Alternative data, today’s Crypto Fear and Greed Index stands at 71 (the same as yesterday), indicating that the market’s “greed” sentiment persists. Note: The Fear and Greed Index ranges from 0 to 100 and is composed of the following indicators: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin’s share of the overall market (10%), and Google trend analysis (10%).
  • 04:17
    This Week’s Mining Data Highlights: Bitcoin’s Average Weekly Hashrate Rises by 6.55%
    Odaily Planet Daily News Week 28 of 2025 (July 4 - July 10):1. According to cloverpool, the average Bitcoin network hashrate was 916 EH/s, with a peak of 994 EH/s and a low of 826 EH/s, representing a 6.55% increase from last week's average hashrate (860 EH/s).2. According to cloverpool, block height 903,168 was mined on June 29 at 13:23:16, with an average block time of 9 minutes and 26 seconds. Mining difficulty was 116.96 T, down 7.48% from the previous adjustment cycle.3. According to blockchain.com, the average Bitcoin price was $109,096, with a high of $116,842 and a low of $107,269, up 1.62% from last week's average price ($107,356).4. Noteworthy mining industry news includes:(1) Bitdeer mined 203 BTC in June, with a total Bitcoin holding of 1,502 BTC at the end of the month;(2) Bitcoin mining company Cango currently holds 4,000 BTC;(3) Bit Digital purchased ETH after selling 280 BTC;(4) Japanese apparel chain Mac House announced the launch of its Bitcoin mining business;Data partner: NYSE-listed Bitcoin mining company Cango Inc. (CANG).
  • 04:12
    Ronin Shield: Some Users Experience Token Balance Update Issues, User Funds Remain Secure
    On July 11, Ronin support team Ronin Shield tweeted, "We have noticed that some users are experiencing issues where their token balances are not updating correctly in the Ronin Wallet and Ronin browser after completing transactions. Please rest assured that user funds remain safe. If the transaction is confirmed on the blockchain, the tokens will be automatically credited to the wallet. Our team is currently working to resolve this issue."
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