Tether teams up with OCEAN mining pool to promote decentralization of Bitcoin block-building
Daily top performer — Render Network (RENDER)
The S&P 500 rose 0.79%, led by real estate, utilities, and staples, amid tariff exemption news. Earnings reports are now in focus for insights on tariff impact. Gold dipped 0.7% to $3,213.69 after hitting a record $3,245.42, as improved risk sentiment weighed. Goldman Sachs raised its 2025 forecast to $3,700, citing strong central bank demand and recession risks. The Coindesk Indices, which tracks the broader crypto market, are down by 0.77%, with Bitcoin and Ether up by 1.17% and 2.75%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today's top performer is RENDER, up 4.03%, following THINK Agents' partnership with Render Network to enhance AI with decentralized compute.
Render Network (RENDER), launched in April 2020, is a decentralized platform on Solana that connects creators with idle GPU power for rendering and AI tasks, offering a cheaper, flexible alternative to traditional GPU services. THINK Agents has partnered with Render Network to leverage its decentralized GPU power, enabling more expressive and capable AI agents as part of building an intelligent internet.
Check out the latest prices, charts, and data of RENDERUSDT perp and RENDER/USDT spot contracts!
Talk of the town
Tether has partnered with OCEAN mining pool to decentralize Bitcoin block-building. The stablecoin issuer will direct its Bitcoin hash rate to OCEAN’s pool, supporting the decentralization of the block-building process. OCEAN's DATUM protocol enables miners to build their own block templates, reducing reliance on centralized pools and enhancing censorship resistance. Tether’s Bitcoin mining operations are spread across countries like Uruguay, Paraguay, and El Salvador, where it has invested $500 million in Bitcoin mining. Although OCEAN currently mines a small percentage of Bitcoin blocks, Tether's partnership is expected to significantly boost its hashrate and contribute to decentralizing Bitcoin’s network.
Bitcoin spot ETF flows
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | (35.2) |
Total | (35.2) |
Yesterday, Bitcoin spot ETFs saw $35.2M in outflows, all from non-GBTC funds, while GBTC had no flow.
Check out the latest prices, charts, and data of BTCUSDT perp and BTC/USDT spot contracts!
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