#CryptoNews

๐Ÿ”๐Ÿณ Whale Transactions:

1. New wallet 0x392a withdrew 10,050 #ETH ($34.38 million) from Kraken;

2. New wallet 0xa235, possibly owned by Bitmine, bought 24,007 #ETH ($82.13 million) via Galaxy Digital OTC;

3. Whale 66kETHBorrow bought 163,680 #ETH ($582 million) in the last two days alone;

4. Newly created wallet bc1qt4 withdrew 1,130 #BTC ($116.6 million) from FalconX;

5. Whale continues to buy up #ASTER . Since November 4, he has bought 8.41 million #ASTER ($8.14 million) at an average price of $0.97 and now has an unrealized profit of $1.1 million.

โ›๏ธ #BTC CEO Marathon Digital: BTC mining profits are shrinking amid rising energy costs and increased competition. Only miners with inexpensive access to electricity or those who switched to #AI and high performance computing are likely to survive.

After halving in 2028, when the reward per block drops to ~1.5 BTC, it may be difficult for most miners to remain profitable without higher fees or prices.