ESP (Espresso) breaks above 0.08 USDT

Sharplink Chairman: Will continue to purchase and stake ETH

At the Hong Kong Consensus Conference, Sharplink Chairman Joe Lubin and CEO Joseph Chalom discussed institutional strategies for digital asset vaults, emphasizing ETH's productivity and staking yields. They plan to continue purchasing and staking ETH and seek to achieve risk-adjusted returns through DeFi. Additionally, Lubin predicts that every company in the future will become a blockchain company.

JPMorgan: The cost of producing Bitcoin has decreased from $90,000 at the beginning of the year to $77,000.

JPMorgan analysts point out that the production cost of Bitcoin has decreased from $90,000 at the beginning of the year to $77,000, mainly due to a decline in network hash rate and mining difficulty. The decrease in difficulty provides breathing room for operational miners, and the production cost is expected to rebound. Analysts are optimistic about the future of cryptocurrencies.

Why did Bitcoin drop today? ETF outflows exceed $3.2 billion, and non-farm payrolls before CPI data crushed hopes for interest rate cuts.

Bitcoin drops to around $66,000, with US Bitcoin ETFs experiencing outflows of over $3.2 billion in the past 30 days. Data released on Wednesday shows that the US labor market in 2026 started stronger than expected, with non-farm payrolls increasing by 130,000 in January, well above expectations, and the unemployment rate decreasing from 4.4% to 4.3%. The January CPI release on Friday will be the next key point, with expectations of a 0.3% increase in both overall and core CPI month-over-month.