Lee | Ju.Com
Lee | Ju.Com2025-10-21 09:47

📣 Canada Province Shuts Door on New Crypto Mining Ventures — Here’s Why?

Canadian province British Columbia has moved to ban new cryptocurrency mining projects, tightening control over how its clean electricity is used and ensuring the province’s vast hydroelectric power benefits higher-value industries.

The province’s energy ministry said on Monday that BC Hydro, a government-owned utility, will no longer accept new grid connection requests for crypto mining.

The move comes after a two-year moratorium introduced in 2022, which officials say will now become a long-term policy aimed at protecting energy supplies and avoiding grid strain.

Move Aims To Protect Electricity Supply For Job-Intensive And Revenue-Generating Projects

BC, a global exporter of natural resources such as lumber, minerals and hydropower, plans to redirect available electricity toward industries that create more jobs and revenue for local communities. Future grid connections will be prioritized for sectors like natural gas processing, hydrogen production and manufacturing.

The government said cryptocurrency mining consumes a large amount of energy. However, it provides little economic benefit to the province. Officials believe that redirecting electricity to industries with higher employment and investment potential will create greater public value.

In comparison, pending crypto projects would have demanded more than 11,700 gigawatt-hours of power each year. That is enough electricity to supply hundreds of thousands of homes across British Columbia.

Province Targets Balanced Grid Expansion Linking Energy Supply To Job Creation

The permanent restriction is part of a broader set of energy policy reforms planned for late 2025. These reforms will determine how industrial electricity is distributed across the province. They will also set rules for fast-growing, high-consumption sectors such as data centers and artificial intelligence.

In early 2026, BC Hydro will begin a competitive bidding process to allocate 400 megawatts of power. Of this, 300 megawatts will go to AI projects and 100 to general data centers. The process will run over two years. Meanwhile, traditional sectors such as mining, oil and gas, forestry and manufacturing will continue to have unrestricted access to industrial power, the ministry said.

By 2026, construction on new transmission lines is expected to start. The expansion will continue through 2034 to strengthen BC’s grid and meet rising industrial demand. Officials said this long-term approach will help link power development with the province’s goals of job creation and economic diversification.

BC’s Move Reflects Global Shift Toward Powering AI Over Energy-Hungry Crypto Mining

The moratorium introduced in 2022 followed a sharp rise in crypto mining activity across British Columbia. Many companies were drawn to the province by its low-cost and renewable hydroelectric power.

Soon after, BC joined other provinces such as Manitoba and Quebec in restricting crypto-related electricity use. The decision came amid growing environmental concerns and the instability of digital asset markets.

At the time, policymakers warned that crypto mining consumed vast amounts of energy. They feared it could divert clean power away from households, hospitals and critical industries. Moreover, they questioned whether the largely automated mining operations brought any real employment or economic value to local communities.

Since then, the government’s priorities have evolved. Officials now see greater long-term benefits in supporting AI and industrial projects that rely on stable electricity and generate stronger tax and job contributions. They say the move aligns with BC’s broader climate objectives and its transition toward a more resilient economy.

#blockchain #cryptocurrency #Jucom

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Lee | Ju.Com

2025-10-21 09:48

📣 Canada Province Shuts Door on New Crypto Mining Ventures — Here’s Why?

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Extreme Fear Deepens as Market Tests Lower Boundaries - Daily Market Report | February 12, 2026
Extreme Fear Deepens as Market Tests Lower Boundaries - Daily Market Report | February 12, 2026

On February 12, the crypto market extended its decline, with total market capitalization falling to $250 billion. The Fear & Greed Index plunged to 5, marking one of the lowest readings of the current cycle and signaling extreme market anxiety. Liquidity remains tight, and post-leverage liquidation dynamics continue to shape price action.

Bitcoin dropped 2.12% to $67,527.23, trading between $65,718.5 and $69,231.0 during the session. Long positions account for 49.90%, while shorts stand at 50.10%, with an aggregate long–short ratio of 1.98, indicating near-balanced positioning despite continued downward pressure. The breakdown below key psychological levels has reinforced cautious sentiment, and volatility remains elevated.

Ethereum declined 2.86% to $1,965.34, with an intraday low of $1,901.22. As a higher-beta asset, ETH continues to exhibit greater downside sensitivity compared to BTC, reflecting ongoing risk reduction across the broader market.

Among top performers, PIPPIN, BLESS, and LINEA recorded strong gains, largely driven by tactical flows and sector rotation rather than a broad-based recovery in sentiment.

From a narrative perspective, Multicoin’s analysis of Solana’s ACE mechanism and its DeFi applications highlights continued innovation within high-performance blockchain ecosystems. Wintermute suggests that following a broad leverage reset, the market may enter a consolidation phase. Discussions surrounding commodity cycles and selling psychology further underscore prevailing macro uncertainty. Meanwhile, renewed political pressure for aggressive rate cuts adds another layer of complexity to risk asset pricing.

Overall, February 12 reflects a market in extreme fear territory. While such readings can historically coincide with late-stage capitulation, the absence of a clear liquidity or policy pivot suggests that consolidation at lower levels may persist before a more sustainable recovery emerges.

#cryptocurrency #blockchain #technical analysis #JU #Jucom

Testing the Lower Range as Fear Persists - Daily Market Report | February 11, 2026
Testing the Lower Range as Fear Persists - Daily Market Report | February 11, 2026

On February 11, the crypto market extended its pullback, with total market capitalization declining to $255 billion. The Fear & Greed Index ticked slightly higher to 11, yet remains firmly within extreme fear territory. Sentiment continues to be fragile, and risk appetite remains constrained.

Bitcoin fell 1.94% to $69,169.44, trading between $67,883.0 and $70,499.9 during the session. Long positions account for 49.67%, while shorts stand at 50.33%, with the aggregate long–short ratio rising to 1.83. This suggests selective positioning for a bounce at lower levels, though the broader structure still leans defensive. With BTC slipping below the $70,000 threshold, debate around whether $60,000 could represent a cyclical bottom has intensified.

Ethereum experienced sharper pressure, dropping 4.37% to $2,024.84, after briefly touching $1,983.77 intraday. Compared with Bitcoin, ETH displayed greater downside sensitivity, reflecting the market’s tendency to reduce exposure to higher-beta assets during risk contraction phases.

Among outperformers, PIPPIN, RIVER, and FHE posted notable gains, largely driven by short-term tactical positioning rather than a broad improvement in sentiment.

Narrative focus shifted toward structural and macro themes. Grayscale raised the question of whether $60,000 may serve as a cyclical base for Bitcoin, prompting renewed discussions on strategic positioning. Progress and disagreements surrounding the CLARITY Act remain a key regulatory variable in the United States. Meanwhile, Vitalik Buterin’s vision for Ethereum’s integration with AI highlights longer-term innovation pathways beyond current volatility. The Federal Reserve’s influence over interest rates continues to shape broader economic expectations, leaving markets attentive to future liquidity signals.

Overall, February 11 reflects a phase of continued fear with moderating selling intensity. While a decisive reversal has yet to emerge, downside momentum appears to be narrowing. In the absence of clearer macro or regulatory catalysts, markets are likely to remain range-bound near recent lows as participants search for a more durable base.

#cryptocurrency #blockchain #technical analysis #JU #Jucom

Divergent Stabilization Under Extreme Fear - Daily Market Report | February 10, 2026
Divergent Stabilization Under Extreme Fear - Daily Market Report | February 10, 2026

On February 10, the crypto market continued to trade within extreme fear territory, with total market capitalization holding at $259 billion and the Fear & Greed Index slipping further to 9. While sentiment remains deeply risk-averse, the pace of downside acceleration has clearly slowed compared with last week’s sell-off.

Bitcoin edged down 0.42% to $70,085.29, fluctuating between $68,271.7 and $71,434.9 throughout the session. Positioning data shows longs at 49.7% versus shorts at 50.3%, with the aggregate long–short ratio falling to 1.64. This reflects continued deleveraging and shrinking speculative exposure, suggesting the market is transitioning from a high-volatility liquidation phase to a low-leverage consolidation period.

Ethereum showed relative resilience, gaining 1.99% to $2,108.30 after briefly dipping to $2,008 before rebounding. This divergence indicates selective dip-buying in core assets even as overall risk appetite remains constrained.

Among smaller-cap tokens, ZKP, AXS, and POWER led gains, driven largely by short-term positioning and tactical rebounds rather than a broad-based improvement in sentiment. Market dynamics remain characterized by selective recovery rather than a full risk-on rotation.

Narrative focus continues to shift away from price action toward structural and long-term considerations. Variant’s reflections on insider trading in prediction markets highlight governance and transparency challenges in decentralized platforms. a16z reiterated its long-term philosophy for crypto, emphasizing that cyclical drawdowns do not negate the structural trajectory of the industry. At the same time, Goldman Sachs’ evolving crypto strategy and renewed discussion around the strategic role of gold underscore how digital assets and traditional safe havens are increasingly evaluated within the same macro allocation framework.

Overall, February 10 reflects a phase of late-stage fear and tentative stabilization. While selling pressure has eased, confidence remains fragile. Without clearer signals from liquidity conditions, macro policy, or regulation, the market is likely to remain range-bound near the lows as it searches for a durable base.

#JU #Jucom #cryptocurrency #blockchain #technical analysis

😱 Bitcoin in a Death Cross: How Low Will We Go?📛📛

Bitcoin bags are getting blown out today, as the price of BTC falls to nearly $80,000 and marks a new seven-month low.

  • The continued downward pressure on its price has pushed Bitcoin into a so-called death cross—when the average price of an asset over the short term falls below the average price over the long term. It’s a technical pattern that typically signals extended bearish momentum. For traders who study charts, it confirms what permabulls don’t want to hear: It’s over—at least for now.
  • It’s happening as the crypto market as a whole shrinks to $2.91 trillion, shedding nearly $60 billion in the past 24 hours alone. Almost every single coin in the top 100 by market cap is bleeding red.
  • The Fear and Greed Index, which measures market sentiment on a scale from 0 to 100, has cratered to 14 points—just four points above the year's low of 10 back in February. When this index drops below 20, it signals "extreme fear," and right now, traders are absolutely terrified.
  • But it's not just crypto drama driving the market selloff. The macro picture is turning nasty. Just weeks ago, markets were pricing in a 97% chance the Federal Reserve would cut interest rates in December. Now? Those odds have collapsed to somewhere between 22% and 43%, depending on which metric you check.
  • Fed officials are openly divided, with many signaling they'd prefer to keep rates unchanged through year-end. For risk assets like crypto that thrive on easy money, this is poison.
  • On Myriad, a prediction market developed by Decrypt’s parent company Dastan, traders are now overwhelmingly convinced that Bitcoin will not mark a new all-time high this year, placing odds at almost 90% that BTC will not top the $126K mark that it hit on October 6.
  • The bearish vibes are so strong, Myriad traders also currently place 40% odds that Bitcoin falls as low as $69K. So how low will it go? Here’s what the charts say.
  • Bitcoin opened today at $86,691 and immediately sold off, hitting an intraday low of $80,620 before bouncing slightly to its current price at $85,187. That's a 1.61% drop on the day after being almost 5% down over the last 24 hours. More importantly, for traders, it further confirms the death cross pattern that's been progressively forming since its all-time high in early October. The death cross pattern was first confirmed on Wednesday as Bitcoin slid to around $88,000—now it’s fallen deeper.
  • Here's what's happening on the charts: Exponential Moving Averages, or EMAs, help traders identify trend direction by tracking the average price of an asset over the short, medium, and long term. When the short-term 50-day EMA falls below the longer-term 200-day EMA, it means bears are in control and the longer-term bull market structure has been broken.
  • For Bitcoin, the 50-day EMA has now decisively crossed below the 200-day EMA. In short, this tells traders market momentum has shifted from bullish to bearish. The gap between both EMAs increases the more the price of BTC trades below those targets—and the bigger the gap, the stronger the trend.
  • The price of Bitcoin is now trading well below both EMAs, which creates a situation where each bounce attempt faces immediate resistance, increasing the gap between the two EMAs, making the bearish trend even stronger. Bulls trying to push higher will need to first reclaim the 50-day EMA, then tackle the 200-day—a double wall of resistance that's historically tough to crack in one go.
  • As for other technical indicators, the Average Directional Index, or ADX, sits at 41, which is considered "strong." ADX measures trend strength regardless of direction, with readings above 25 indicating a clear trend is in place. At 41, this tells us we’re not seeing just a minor correction, but a potentially extended move lower.
  • The Relative Strength Index, or RSI, has plunged to 23.18, placing Bitcoin deep in oversold territory. RSI measures momentum on a scale from 0 to 100, with readings below 30 signaling oversold conditions where assets are potentially undervalued. However, "oversold" doesn't mean the selling has to stop—in strong downtrends, RSI can remain in oversold territory for extended periods as prices continue grinding lower. But, yes, this also provides hopium for momentum traders as it signals that the worst of it may be over. (The worst being an accelerated crash, not necessarily a steady drop.)
  • The Squeeze Momentum Indicator is flashing "bearish impulse," meaning selling pressure is intensifying rather than easing. Meanwhile, the Volume Profile Visible Range (VPVP) shows the price of Bitcoin trading "below" key volume nodes, suggesting there's not much buying interest at current levels.
  • So, everything is bearish, clearly. But where's the next support? How low can the price of BTC go? The chart reveals several key horizontal levels to watch.
  • The immediate danger zone is $80,697, which briefly held today but looked shaky. If that breaks, the next major support sits at $74,555, followed by $65,727, and potentially all the way down to $53,059 if panic really sets in during a crypto winter. Those price levels have previous consolidation zones where significant trading volume accumulated, making them natural landing spots for oversold bounces.
  • For resistances, traders will watch for BTC’s price breaking past $90,000 again and look at $100,000 as the major psychological target.
  • Ethereum opened at $2,830.7 and dropped as low as $2,621 intraday before stabilizing around $2,798—a 1.16% loss on the day. While not as dramatic as Bitcoin's selloff, ETH's technical picture is equally concerning.
  • Unlike Bitcoin, Ethereum hasn't fully confirmed its death cross yet—the 50-day EMA is still technically above the 200-day, giving it a "long" signal on an indicator that is obviously hours away from changing to bearish. The gap is razor-thin and closing fast. More importantly, ETH’s price is trading well below both EMAs, rendering that technical distinction somewhat meaningless. The bearish momentum is clearly established.
  • A good way to see the natural support zones is using the Fibonacci retracements: a set of natural clusters that appear during a trend, showing supports and resistances in a specific timeframe—not because of price, but because of natural proportions.
  • Right now, ETH is testing the 0.618 Fibonacci level at approximately $2,755. If this level breaks, the next Fibonacci support doesn't appear until $2,180, which would represent a massive 22% drop from current prices, and would resolve a price market on Myriad betting on ETH’s moon or doom.
  • The ADX for Ethereum is even stronger than Bitcoin's at 46, indicating the downtrend is rock-solid. Meanwhile, RSI sits at 28.46—not quite as oversold as Bitcoin but definitely in stressed territory. The Squeeze Momentum Indicator shows "bearish impulse" here too, confirming sellers are in control.
  • XRP is showing relative strength compared to its larger peers, down just 0.50% to close at $1.98 after opening at $1.99 and hitting an intraday low of $1.81796. Don't let that modest percentage fool you though—the technical damage is real.
  • Like Bitcoin, the Ripple-linked XRP has confirmed a full death cross with its 50-day EMA now below the 200-day. The price of XRP is trading beneath both EMAs, and with an ADX of 32, the downtrend has enough strength to continue. While 32 isn't as extreme as Bitcoin's 41 or Ethereum's 46, it's still well above the 25 threshold that confirms a trend is in place rather than just random chop.
  • The RSI at 32.86 shows XRP is approaching oversold territory but hasn't quite reached the extreme stress levels of Bitcoin and Ethereum. This could mean two things: either XRP has more downside before finding equilibrium, or it's showing genuine relative strength that could make it a safer harbor if the broader market continues tanking.
  • XRP had such a crazy year that its price action shows only two major horizontal support levels that should concern XRP holders—and that would be very painful for hodlers, considering the movement from the all-time high to those targets.
  • The next major support zone sits at $1.589, which represents a potential 20% drop from current levels. If that breaks, there's very little support until $0.66, a catastrophic 67% plunge from current prices and almost 80% from all-time high zone that would take XRP back to early 2024 levels.

The Squeeze Momentum Indicator is showing "bearish impulse," and like the other coins, the volume profile indicates XRP’s price is trading below key volume levels, meaning there's not much buying interest stepping in to defend current prices.

#Bitcoin #BitcoinDeathCross #Jucom #cryptocurrency #blockchain $BTC/USDT $JU/USDT $ETH/USDT

📛 Cardano Network Disrupted by 'Poisoned' Transaction Attack.

The price of Cardano (ADA) was down on Friday after the blockchain suffered an unexpected chain split, which was caused by a malformed delegation transaction that triggered a software flaw. That created problems for Cardano users, and prompted a public apology from the user who claimed that they caused it.

  • Intersect, the Cardano ecosystem’s governance organization, said in an incident report that the divergence began when the malformed transaction passed validation on newer node versions, but nodes running older software rejected it.
  • “This exploited a bug in an underlying software library that was not trapped by validation code,” Intersect wrote. “The execution of this transaction caused a divergence in the blockchain, effectively splitting the network into two distinct chains: one containing the ‘poisoned’ transaction and a ‘healthy’ chain without it.”
  • Earlier that day, Cardano co-founder Charles Hoskinson posted on X that it was a “premeditated attack from a disgruntled [stake pool operator]” who was “actively looking at ways to harm the brand and reputation of [Cardano developer Input/Output Global].”
  • According to Hoskinson, all Cardano users were impacted. The price of Cardano’s token ADA was down more than 6% recently, following the incident.
  • According to the incident report, the mismatch caused operators to build blocks on different branches of the chain until patched node software was deployed. Developers and service providers coordinated an emergency response, and operators were urged to upgrade to rejoin the main chain.
  • Intersect said the wallet responsible for the malformed transaction has been identified, while Hoskinson said it will take weeks to clean up the mess.
  • “Forensic analysis suggests links to a participant from the Incentivized Testnet (ITN) era,” Intersect wrote. “As this incident constitutes a potential cyberattack on a digital network, relevant authorities, including the Federal Bureau of Investigation, are being engaged to investigate.”
  • Hours after the incident, an X user posting under the name Homer J. said they were responsible for submitting the transaction that triggered the split.
  • “Sorry Cardano folks, it was me who endangered the network with my careless action yesterday evening,” they wrote, describing the attempt as a personal challenge to reproduce the “bad transaction” and said he relied on AI-generated instructions while blocking traffic on their server.
  • “I've felt awful as soon as I realized the scale of what I've caused. I know there's nothing I can do to make up for all the pain and stress I've caused over the past X hours,” they added. “Difficult to quantify the negligence on my behalf. I am sorry, I truly am. I didn't have evil intentions.”
  • Homer wrote that he did not sell or short ADA, did not coordinate with anyone else, and did not act for financial gain. “I'm ashamed of my carelessness and take full responsibility for it and whatever consequences will follow,” he said.
  • According to Intersect, no user funds were lost, and most retail wallets were unaffected because they were running node components that handled the malformed transaction safely.
  • Hoskinson, the outspoken co-founder of Cardano, claimed in a video message that the network “didn’t go down,” though users did encounter issues before the problem was fixed.

“It is important to note that the network did not stall. Block production continued on both chains throughout the incident, and at least some identical transactions appeared on both chains,” Intersect wrote. “However, to ensure the integrity of the ledger, exchanges and third-party providers largely paused deposits and withdrawals as a precautionary measure.”

#Cardano #CardanoNetwork #Jucom #cryptocurrency #blockchain $ADA/USDT $JU/USDT $BTC/USDT