Odaily Planet Daily News, Week 31, 2025 (July 25-31): 1. According to cloverpool, the average computing power of the entire Bitcoin network is 902 EH/s, with a maximum of 1004 EH/s and a minimum of 710 EH/s, a decrease of 1.48% from the average computing power last week (916 EH/s). 2. According to blockchain.com, the average price of Bitcoin was $118,171, with a maximum of $119,839 and a minimum of $115,500, down 0.19% from last week's average price ($118,394). 3. Important mining news worth noting include: (1) In an interview, Paul, CEO of Cango, revealed that the company will develop in the direction of green electricity and HPC in the future. (2) Mining company Argo Blockchain received a delisting notice from Nasdaq due to its low stock price; (3) Bitdeer disclosed that it produced 63.1 BTC in the past week, and its total Bitcoin holdings increased to 1,637.8; (4) The privacy coin Monero faces the possibility of its network being taken over by the mining pool Qubic. Data partner: Cango Inc. (CANG), a Bitcoin mining company listed on the New York Stock Exchange.

Odaily Planet Daily reports that Pakistan's Ministry of Finance announced in a statement that it has reached a trade agreement with the United States. The agreement aims to promote bilateral trade, expand market access, and attract investment. The agreement includes reciprocal tariff reductions, particularly on Pakistani exports to the United States. The US-Pakistan agreement marks the beginning of economic cooperation between the two countries in energy, mining, information technology, cryptocurrency, and other areas. (Zhitong Finance)

Odaily Planet Daily News: Ethereum Treasury and crypto mining company Bitmine published a statement on the X platform stating that it invited several research institutions to value Ethereum (ETH) based on Wall Street's "alternative value" model. This valuation is for illustrative purposes only. The results show that ETH's implied market value is 7 trillion US dollars, corresponding to a price of 60,000 US dollars, while the current market price is about 3,800 US dollars. The "alternative price" may be 18 times the current price.

Odaily Planet Daily News 2025 Week 30 (July 18-July 24): 1. According to cloverpool, the average computing power of the entire Bitcoin network is 916 EH/s, the highest is 942 EH/s, and the lowest is 879 EH/s, which is 2.38% higher than the average computing power last week (917 EH/s). 2. According to blockchain.com, the average price of Bitcoin was $118,395, with a maximum of $120,919 and a minimum of $116,185, up 0.28% from last week's average price ($109,096). 3. Mining news worth noting include: (1) Cango announced the completion of its secondary acquisition and the appointment of a new management team; (2) HC Wainwright gave Cango its first buy rating, with a target price of $8; (3) Crypto mining company Bitzero received $25 million in financing, which it plans to use to expand its mining operations; (4) Bitcoin mining company Mawson has fired its CEO for alleged fraud and misconduct. Data partner: Cango Inc. (CANG), a Bitcoin mining company listed on the New York Stock Exchange.

Odaily News Bitzero, a crypto mining company backed by Kevin O'Leary, recently received $25 million in financing, which it plans to use to expand its mining operations. The company said that the first batch of funds will be used to purchase 2,900 Bitmain S21 Pro mining machines, which are expected to be deployed within four to six months, bringing the company approximately $10 million in new revenue each year. At the same time, Bitzero is committed to using hydropower and low-carbon energy to promote the sustainable development of its data centers in North America and Europe. Mohammed Bakhashwain, president and CEO of the company, said that the financing will accelerate the deployment of leading mining technology and further consolidate Bitzero's leading position in sustainable and profitable data centers. (The Block)

Odaily News On July 23, Cango Inc. (NYSE: CANG) announced the completion of its transformation into a global Bitcoin mining company and appointed a new board of directors (the “Board”) and senior management team. By resolution adopted on July 23, 2025, the Board of Directors appointed: (1) Xin Jin is the Chairman of the Board and a non-executive director; (2) Peng Yu is the Chief Executive Officer and Director; (3) Chang-Wei Chiu as director; (4) Yongyi Zhang as Chief Financial Officer; (5) Simon Ming Yeung Tang is the Chief Investment Officer. To enhance governance, the Board also appointed: (1) Independent Director Chi Ming Lee is a member of the Compensation Committee and the Nominating and Corporate Governance Committee; (2) Independent Director Yanjun Lin serves as Chairman of the Compensation Committee and a member of the Nominating and Corporate Governance Committee; (3) Haitian Lu is the Chairman of the Nominating and Corporate Governance Committee and a member of the Compensation Committee. During the same period, the board of directors accepted Xiaojun Zhang's resignation as director and chairman of the board, and Jiayuan Lin's resignation as CEO, interim CFO and director. The two also completed a secondary acquisition - selling a total of 10 million Class B common shares to Enduring Wealth Capital Limited for a total consideration of US$70 million; and voluntarily converted all remaining Class B common shares held by their holding company into Class A common shares with one vote per share. After the transaction is completed, they will hold a total of 18.54% of the company's total outstanding shares and 12.07% of the total voting rights; Enduring Wealth Capital Limited will hold approximately 2.82% of the company's outstanding shares and 36.73% of the voting rights. (PR Newswire)

Odaily News Week 29, 2025 (July 11-July 17): 1. According to cloverpool, the average computing power of the entire Bitcoin network is 895 EH/s, the highest is 1029 EH/s, and the lowest is 822 EH/s, which is a decrease of 2.38% from the average computing power last week (917 EH/s). 2. According to cloverpool, the block height is 905,184 and the block time is 12:42:34 on July 12. The average block time is 10 minutes and 8 seconds. The mining difficulty is 126.27 T, which is 7.96% higher than the previous adjustment cycle. 3. According to blockchain.com, the average price of Bitcoin was $118,068, with a maximum of $113,231 and a minimum of $115,212, up 8.22% from last week's average price ($109,096). 4. Mining news worth noting include: (1) Cangu held its second special shareholders meeting to complete the transformation of Bitcoin assets and go all in on the strategic direction of “computing power + energy”; (2) Antalpha, a Bitcoin mining ecosystem financial technology platform, announced the appointment of Derar Islim as Chief Operating Officer (COO) and CEO of the Americas and EMEA regions; (3) France plans to use surplus nuclear power for Bitcoin mining; (4) Kazakhstan hopes to establish a national crypto asset reserve to store confiscated digital assets. If companies mine on behalf of the state, some assets can be included in the reserve through taxation or other means; (5) BTC Digital strategically shifted to Ethereum and no longer held Bitcoin, and completed a $6 million financing. Data partner: Cango Inc. (CANG), a Bitcoin mining company listed on the New York Stock Exchange.

Odaily News Cactus Custody, a compliant digital asset custodian under the Matrixport Group, announced a strategic partnership with the Batoshi Foundation. Batoshi Foundation is an ecological supporter of the BTC native asset protocol TerpLayer and the issuer and operator of beraBTC. Through this cooperation, Cactus Custody will provide it with institutional-level secure custody services. The BTC used by users to mint beraBTC on Berachain will be safely kept by Cactus Custody through custody collaboration to ensure that the funds are verifiable, traceable, and redeemable. It is reported that Cactus Custody has obtained the SOC 1 Type 1 and SOC 2 Type 2 international certifications audited by Deloitte, and ensures compliance and transparency of asset custody through multi-signature, hot and cold wallet separation and hardware security module (HSM) technology to meet the risk control needs of institutions. At present, Cactus Custody manages assets of more than US$1 billion, and its service objects include mining companies, DeFi platforms, asset management institutions and other industry participants.

Odaily News BTC Digital Ltd. (code: BTCT), a Nasdaq-listed company, announced that it will shift its core asset strategy from Bitcoin to Ethereum and has completed a $6 million financing. The company has already established a $1 million ETH position for the first time and will convert all existing and newly added BTC assets into ETH in the future, with the goal of achieving a $10 million Ethereum reserve by the end of the year. CEO Peng Siguang said that Ethereum has become the preferred platform for decentralized finance, real-world asset tokenization, and scalable smart contracts. BTCT will launch an ETH staking plan, expand the asset pool through profit reinvestment, and participate in DeFi, RWA and stablecoin projects, transforming into a digital asset operator with production-based assets as its core. BTCT previously focused on mining business, which covers mining farm construction, mining pool and data center operations. In the future, it will focus on infrastructure such as ETH pledge, liquidity pool, stablecoin reserve and cross-chain settlement. (Investing)

Odaily News According to an official announcement, Antalpha (NASDAQ: ANTA), a financial technology platform for the Bitcoin mining ecosystem, announced the appointment of Derar Islim as the company's Chief Operating Officer (COO) and CEO of the Americas and EMEA regions, effective immediately. Antalpha CEO Jin Xin said that Derar has extensive experience in global business expansion and efficient operations, and will help the company achieve growth in strategic markets and promote sustainable development. Derar previously served as interim CEO and COO of Genesis, during which time he focused on business stability and service continuity management.