DeFi Metrics Editorial Team DeFi Metrics Editorial Team

Trump Family Hut8 Mining Venture

More details have emerged around the joint venture between American Data Centers and mining behemoth, Hut8. Eric Trump, CSO of American Bitcoin, and CEO of Hut8, Asher Genoot, went on Bloomberg Crypto to talk about their new joint venture and what it means for Bitcoin and crypto more broadly.

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DeFi Metrics Editorial Team DeFi Metrics Editorial Team

Ordinals Drive Bitcoin Fees Sky High

The people have spoken: it appears as though ordinals are not going away. The recent spike in Bitcoin transaction fees is largely due to the growing popularity of Ordinals, a protocol that allows users to store non-fungible tokens (NFTs) on the Bitcoin blockchain. A greater amount of on-chain activity has led to higher transaction fees due to the increased demand for block space on the Bitcoin network.

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