Jumat, 26 Desember 2025

Can BTC miners survive 2026’s margin squeeze?


Miners are scrambling into AI, HPC and M&A to avoid getting forced off the network.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

December 25, 2025

Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories

👉 Will BTC miners survive in 2026?

👀 Quantum will not kill Bitcoin in 2026, but...

😎 Pudgy Penguins took over the Las Vegas Sphere

📰 Keep reading for all of today's biggest headlines & stories

Can Bitcoin Miners Survive 2026's Margin Squeeze?

The 2024 halving did exactly what it was designed to do for Bitcoin and something brutal for miners. It strengthened BTC's long-term scarcity while cutting block rewards in half overnight. By 2025, research from TheMinerMag was calling it the harshest margin environment miners have ever faced, with revenue collapsing and debt loads becoming harder to roll. This is a sector that now has to reinvent itself just to stay alive. Some miners are leasing data centers to AI and high-performance computing workloads, others are merging or selling off fleets at a discount, and a few are betting they can ride out the storm with ultra-low power costs.

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DATs Face Scrutiny While Asia's Stablecoin Bet Grows

In Asia, Bitcoin treasury strategies went from clever playbook to regulatory flashpoint in a single year. After Metaplanet copied Michael Saylor's Strategy model in Japan, listed companies rushing to rebrand as digital asset treasuries, or DATs, became a full trend. At least 13 Japanese firms put BTC on their balance sheets and surfed short bursts of stock euphoria before prices drifted back down.

Many of these companies had little to do with crypto before the pivot, which is exactly why Japan Exchange Group is now studying tighter oversight and possible backdoor listing concerns.

Meanwhile, the region's attention is shifting toward stablecoins after the US GENIUS Act gave dollar tokens a clearer legal home. Asia's regulators are now deciding which they want more of in 2026: Bitcoin-heavy treasuries, or stablecoin rails they can monitor.

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Pudgy Penguins Test Their Brand Power

Pudgy Penguins has pulled off the kind of stunt most NFT projects only dream about. During Christmas week, the collection's animated characters ran across the exterior of the Las Vegas Sphere, the gigantic LED dome that dominates the Strip skyline. The team says the display went live on Christmas Eve, turning price charts into background noise while tourists posted videos of cartoon penguins blasting across one of the world's most visible digital canvases. It is a clear signal that the collection is leaning hard into mainstream brand status.

The open question is whether this kind of spectacle translates into durable IP and cash flow, or becomes another high-budget moment that traders forget as soon as the floor price slips.

Quantum Will Not Kill Bitcoin in 2026, but It Can Still Hurt You

Quantum computing has hovered over crypto for years as a distant threat. In 2026, it is still not at the point where it can break Bitcoin, but the trajectory has changed enough that the industry can no longer treat it as pure science fiction. Major tech firms have accelerated investment, and in February Microsoft unveiled its Majorana 1 chip, which it described as the first quantum device built on a new Topological Core architecture. At the same time, state actors and attackers are experimenting with "harvest now, decrypt later" strategies, collecting encrypted data today in the hope that future hardware can unlock it.

For crypto, the real danger is not that quantum machines appear overnight. It is that keys, protocols and governance move too slowly, leaving assets exposed years after the hardware becomes viable.

Glamsterdam and Hegota Set Up Ethereum's Biggest Scaling Test Yet

Ethereum's next phase is no longer just a vague roadmap. It has real upgrades with names and timelines.

In 2026, the Glamsterdam fork is planned to bring parallel processing to layer 1 and lift the gas limit from around 60 million to roughly 200 million. After that, the Hegota fork and related changes will boost the number of data blobs and move some validators from re-running every transaction to checking zero-knowledge proofs instead.

Together, these upgrades are meant to push Ethereum toward 10,000 transactions per second in future years, even if it does not reach that level in 2026.