BTC mining to sustainable energy Fusaka hard fork is expected to take place by the end of 2025

Bitcoin

Bitcoin mining is turning to sustainable energy

According to Golden Finance, the latest research report of the Cambridge University Center for Financial (CCAF) shows that the Bitcoin mining industry's sustainable energy use rate has risen to 52.4%, a significant increase from 37.6% in 2022. The report pointed out that natural gas (38.2%) has replaced coal (8.9%) as the largest single energy source, and coal use rate has dropped sharply from 36.6% in 2022. The data also shows that North America dominated global mining activities, with the United States accounting for 75.4% and Canada accounting for 7.1%. The study is based on a survey of 49 mining companies in 23 countries, covering 48% of the world's mining activities. It is estimated that Bitcoin's annual electricity consumption is 138 terawatt hours, accounting for about 0.5% of global electricity consumption.

Former U.S. SEC Chairman: Bitcoin may last for a long time

According to Cointelegraph, former U.S. SEC chairman Gary Gensler said in a video interview, "Bitcoin may last for a long time because 7 billion people around the world have shown strong interest in it."

Bitcoin 's entire network computing power hits a record high

According to CloverPool data, Bitcoin's entire network computing power once exceeded 1,000 EH/s, a record high, and is now at 893 EH/s; the current average computing power of the entire network in the past seven days is 888.85 EH/s. Although the increase in Bitcoin’s computing power marks an improvement in network security, it also means that the cost of mining 1 Bitcoin is increasing. Combined with the reduction in block rewards brought about by the Bitcoin halving in 2024, the increase in computing power may lead to the integration of small mining companies.

Speculative funds are returning to the market as Bitcoin rises

As Bitcoin rises, short-term holders of Bitcoin (STHs) are returning to the market, marking the entry of speculative capital. Glassnode says Bitcoin hot capital surges. As BTC prices hover at months highs, new investors are entering the market. Glassnode noted that the amount of Bitcoin transferred in the past week has reached its highest level since early February. This indicator reflects the activities of short-term holders and is a reference indicator for measuring the entry of speculative capital into the market. In the past week alone, hot capital has grown by more than 90%, close to $40 billion. Since the local lows in late March, hot capital has increased by $21.5 billion, and this surge in capital turnover highlights changes in market sentiment.

Grayscale launches Bitcoin Adopter ETF

Golden Finance reported that according to the official announcement, Grayscale launched a Bitcoin adopter ETF (code: BCOR), providing investment exposure to companies that use Bitcoin as a treasury reserve asset.

Bitcoin mining is turning to sustainable energy

According to Golden Finance, the latest research report of the Cambridge University Center for Financial (CCAF) shows that the Bitcoin mining industry's sustainable energy use rate has risen to 52.4%, a significant increase from 37.6% in 2022. The report pointed out that natural gas (38.2%) has replaced coal (8.9%) as the largest single energy source, and coal use rate has dropped sharply from 36.6% in 2022. The data also shows that North America dominated global mining activities, with the United States accounting for 75.4% and Canada accounting for 7.1%. The study is based on a survey of 49 mining companies in 23 countries, covering 48% of the world's mining activities. It is estimated that Bitcoin's annual electricity consumption is 138 terawatt hours, accounting for about 0.5% of global electricity consumption.

Bitcoin and gold rebound, returning to historical cycle pattern

According to Golden Finance, the 30-day Pearson correlation between Bitcoin and gold rebounded to 0.54 from -0.67 in February to 0.73 in April 2025, close to its annual highest. In February, the price of Bitcoin fell from $102,000 to $84,000, while the price of gold rose to $2,850, causing the correlation between the two to drop sharply. Since then, the correlation between Bitcoin and gold has rebounded rapidly due to the US imposition of tariffs on many countries, which has triggered macroeconomic uncertainty. Bitcoin was re- identified as "digital gold". After Trump announced the "liberation day", BTC prices rose by more than 10%, and gold also rose by 5%. Historical data shows that the correlation between Bitcoin and gold has rebounded rapidly after troughs many times, and usually approaches above 0.8 again.

Bitcoin bullish momentum begins to form

According to Golden Finance, Bitcoin continues to show impressive resilience, rising more than 10% in the past week, outperforming traditional risk assets such as the S&P 500. After weeks of oscillation and low liquidity, Bitcoin has recovered the $94,000 range low – a key sign as it is this level that supports Bitcoin’s all-time high rebound in January. Additionally, Bitcoin has now rebounded to a short-term holding cost basis level of about $92,900, a key on- chain pivot point that typically distinguishes the pullback phase from the new bullish momentum. In addition to a positive market structure, the profit margin indicator has also rebounded to 87.3%, indicating that market health and investor profitability are improving.

Ethereum

Ethereum Fusaka hard fork is expected to take place in late 2025

According to Golden Finance, Ethereum Foundation officials said that the Ethereum Fusaka hard fork is expected to be held in the third or fourth quarter of 2025, but the specific release schedule has not been determined. Ethereum core developer Tim Beiko confirmed that "EOF has been removed from the Fusaka network upgrade" because the developers believe that "there is technical uncertainty and may lead to the delay in the Fusaka launch time." EOF originally planned to introduce Ethereum's net supply increased by 16,913 in the past seven days through a series of Ethereum improvement proposals (EIPs).

According to Golden Finance, according to Ultrasound.money data, Ethereum's net supply increased by 16,913 in the past 7 days, of which the supply increased by about 18,219 ETH, and 1,305 ETH were destroyed through the destruction mechanism. The total supply of Ethereum has reached 120,715,598 ETH, and the supply growth rate is currently 0.731% per year.

Ethereum community members propose new fee structure for application layer

On April 28, Ethereum community members Kevin Owocki and Devansh Mehta proposed a proposal for a dynamic fee structure for the Ethereum application layer on April 27 to balance the income creation of application developers and the fairness of fee withdrawals. The solution uses a square root function to calculate the cost ratio, and the fund pool is charged at a higher rate with a small scale, with a fee cap of 1% when it exceeds $10 million to support application developers and encourage project growth. Owocki and Mehta's proposal to balance Ethereum application developers' revenue and profitability reflects a growing number of calls for reforming the cost structure and value accumulation mechanism to maintain Ethereum's economic viability relative to competitive networks.

The total locked position of Ethereum Layer2 network was US$31.21 billion, up 13.2% on the 7th

According to L2BEAT data, the current total locked position of Ethereum Layer2 network is US$31.21 billion, up 13.2% on the 7th. The top five locked positions are: Base (US$11.7 billion, up 16.1% on the 7th); Arbitrum One (US$11.46 billion, up 9.07% on the 7th); OP Mainnet (US$3.38 billion, up 9.22% on the 7th); Unichain (US$580 million, up 44.2% on the 7th); ZKsync Era (US$578 million, up 13.2% on the 7th).

Ethereum developers plan to increase the Gas limit of Fusaka hard fork by 4 times

According to Golden Finance, according to Ethereum Improvement Proposal (EIP) 9678, Ethereum developers proposed to increase the Gas limit to 150 million when Fusaka hard forks. The proposal was proposed on April 23 by Sophia Gold, a developer of the Ethereum Foundation Agreement Support Team. At the latest All-Core Developer Execution (ACDE) meeting, discussions about the improvement of Gas restriction as a "key feature" of Fusaka were underway, and Ethereum core developer Tim Beiko mentioned in the April 24 meeting summary. "To unify client default settings and maintain this priority, we drafted the EIP. This is a bit unusual, but not without precedent (see EIP-7840). We plan to merge it early next week and officially do SFI on the next ACDE," Beiko said.

Other projects

Stacks Asia collaborates with Abu Dhabi to expand Bitcoin project

Golden Finance reported that the Stacks Asia DLT Foundation has become the first Bitcoin organization to establish an official institution in the Middle East, aiming to promote institutional adoption of Bitcoin by expanding education programs. Stacks Asia has partnered with Abu Dhabi Global Markets (ADGM) in a move that could boost adoption of its Bitcoin Tier 2 solutions in the Middle East and Asia.

Re7 Capital establishes a $10 million SocialFi fund, intending to invest in about 30 startup projects

According to Golden Finance, Re7 Capital announced the establishment of a $10 million SocialFi special fund, aiming to invest in about 30 early-stage projects. Although the current development of the field is still slow, Re7 partner Luc de Leyritz said that "the time is ripe" and infrastructure, talent and user behavior have resonated. The fund will invest in the form of a first- round check mainly from US$100,000 to US$300,000, focusing on supporting emerging SocialFi platforms in ecosystems such as Lens Chain and Farcaster. The first round of funds has completed 60% subscription.

Crypto World launches in the United States, plans to launch Visa and Tinder pilot projects

Golden Finance reported that the human verification encryption project World was launched in the United States, and users can obtain WLD tokens by verifying their identity and establish World ID. The project will be launched in six cities: Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco. Meanwhile, World plans to launch a Visa card that allows users to pay with WLD tokens and other digital assets. In addition, World has partnered with Match Group to launch a pilot among Tinder users in Japan, aiming to help users verify their true identities. World will also provide access to the forecast market Kalshi through its app.