Gate Cryptocurrency News and Market Analysis

Bitcoin mining faces losses in 2026, prompting mining companies to pivot to AI to address market challenges. Many enterprises are liquidating Bitcoin assets and reallocating resources to AI data centers, as the profit potential of AI is highly regarded. Data shows that this shift could have a positive impact on Bitcoin's long-term supply structure, and market sentiment also indicates potential rebound signals. Although this transformation may temporarily affect hash rate growth, in the long run, it will enhance the resilience and security of the Bitcoin network.

Crypto prices remained flat, with BTC and ETH showing minor declines. Asia secured new natural gas supplies amid conflict fears. In US stock indexes, Nasdaq rose slightly while Dow and S&P 500 fell, reflecting mixed market reactions.

Market Pressure: SHIB faces extreme fear as Bitcoin and Ethereum declines impact meme coins. Expert Divide: Analysts disagree on SHIB’s prospects due to volatility and regulatory uncertainty. Investor Strategy: Long-term holders may stay, while short-term traders should monitor risk

Minnesota considers a complete ban on Bitcoin ATMs after scams resulted in $333 million in losses, especially among elderly victims. Law enforcement has difficulty tracking the flow of funds, and the industry remains cautious about the ban, believing that banning alone cannot fundamentally solve the scam problem. Legislators need to evaluate more effective regulatory measures.

Bitcoin price approaches $70,000, and market sentiment shifts. The options skew indicates increased demand for bullish options, with an implied probability of Bitcoin breaking $80,000 by the end of June at 35%. Traders are expressing confidence in a Bitcoin rally by increasing the sale of put options, and overall market expectations are shifting from panic to rational optimism.

Jensen Huang asserts that AI will not result in massive job losses as it requires a large workforce for infrastructure development. He describes AI as essential infrastructure, emphasizing the need for skilled labor in data centers. Nvidia benefits from the AI demand but some companies still reduce staff.

The Australian Securities and Investments Commission (ASIC) argues that blockchain and cryptocurrency should not be treated as distinct assets, but rather regulated based on their actual economic functions, emphasizing traditional financial activities.

The U.S. Department of the Treasury reports that Bitcoin ATMs are becoming tools for scams. In 2024, the FBI received over 10,900 complaints, with losses totaling approximately $246.7 million. Scammers exploit the anonymity and irreversibility of cryptocurrency ATMs, especially targeting the elderly. Australia is also facing similar challenges, with the industry calling for increased regulation and implementing transaction limits, but experts believe that limits alone are insufficient to curb scams.

Dogecoin has emerged as the best-performing major cryptocurrency over the past 24 hours, jumping approximately 8 percent to nearly $0.10 following Elon Musk's March 10, 2026 announcement that X Money, the payments feature on his social media platform X, will launch next month.

Thai digital asset providers have launched a "slowdown" mechanism, freezing over 10,000 suspicious crypto accounts to combat money laundering activities. This mechanism implements a 24-hour lock on transfers exceeding 50,000 Thai Baht and requires additional identity verification. While regulatory safeguards have been strengthened, the transaction experience for compliant users has been affected. Providers are also advancing cooperation with law enforcement agencies and implementing the travel rule, facing challenges due to inconsistent global enforcement.

Meta has completed the acquisition of AI community Moltbook, focusing on its identity verification technology, which is crucial for Meta's advancement of its AI agent program. Despite Moltbook facing cybersecurity issues and fake account controversies, Meta still values its core capabilities. This move reflects the increasing competition among tech giants in the AI agent market.

Expected Fed rate cuts could boost liquidity and drive capital into crypto markets. Over 28% of ETH locked in staking reduces supply and strengthens bullish pressure. Falling exchange balances signal whale accumulation and potential Ethereum price surge. Ethereum has started drawing