Chinese pressure on Bitcoin continues! A sudden and massive drop in hash rate! What's the reason?

Bitcoin's 7-day moving average of active addresses has declined to approximately 660,000, marking the lowest level observed in the past 12 months. This significant drop in on-chain activity comes alongside a notable decrease in daily miner revenue, which has fallen from around $50 million during the third quarter to roughly $40 million at present.

MoonPay president Keith Grossman has offered a thought-provoking perspective on the future of meme coins, suggesting they will return in a different form despite current market skepticism. According to Grossman, the real innovation behind meme coins lies not in their humorous branding but in their ability to tokenize attention easily and at low cost.

The post BDACS unveils KRW-backed stablecoin KRW1 on Avalanche appeared on BitcoinEthereumNews.com. Key Takeaways BDACS has launched KRW1, the first Korean won-backed stablecoin on the Avalanche blockchain. KRW1 is fully backed by Korean won reserves held at Woori Bank. South Korea’s BDACS launched KRW1, the first Korean won-backed stablecoin on the Avalanche blockchain. The digital asset is fully collateralized with Korean won held at Woori Bank. The launch follows successful proof of concept validation, marking one of the first stablecoins pegged to South Korea’s national currency to operate on a major blockchain network. Source: https://cryptobriefing.com/bdacs-krw1-stablecoin-avalanche-launch/