DeFi News Daily Official TheBitTimes.com

TLDR: CoinShares stated in a report that Bitcoin miners Could gravitate towards the AI sector to bolster revenue after BTC halving. Borroe Finance ($ROE) is an AI-funding marketplace for Web3 participants to trade future earnings. Borroe Finance ($ROE) is positioned to witness substantial growth during the next phase of the bull run, according to several analysts. CoinShares says Bitcoin miners could switch to AI after Bitcoin halves CoinShares published a report on April 22 affirming the possible migration of Bitcoin miners to the AI sector following the much-anticipated BTC halving . According to the report, this move will be a strategic decision to increase their revenue. Bitcoin halved on April 20, when miners’ rewards split from 6.250 BTC to 3.125 BTC. CoinShares revealed that leading Bitcoin mining firms like Hut 8 (HUT), Hive (HIVE), and BitDigital (BTBT) have begun milking AI.  Similarly, Core Scientific (CORZ) and TeraWulf (WULF) own r...

Bitcoin (BTC) is currently aiming to reclaim the $40,000 level as it seeks a new all-time high, primarily fueled by speculation surrounding the potential approval of a spot exchange-traded fund (ETF) by United States regulators. The news regarding the ETF, combined with the upcoming halving event, is widely seen as a major catalyst that could propel Bitcoin to another record high. Nevertheless, some analysts posit that Bitcoin may receive a boost from an additional catalyst. Particularly, in a TradingView post on December 1, renowned crypto analyst TradingShot suggested that Bitcoin might be on the verge of a significant global money supply rally, challenging traditional halving theory. Notably, the halving theory dictates that Bitcoin experiences important price rallies following each event.  Bitcoin price analysis chart. Source: TradingView The potential Bitcoin rally , as per the analyst, is closely tied to two key indicators of the global money supply : Chinese bond yield...