![Bitdeer Acquires $21 Million Site for Bitcoin Mining Power Plant in Canada](/image/67a37a9ac1d0b.jpg)
Bitcoin mining firm Bitdeer has acquired a 101-megawatt permitted site in Alberta for $21.7 million to build a bitcoin mining data center. Bitdeer to Build Power Plant for Bitcoin Mining Bitdeer, a bitcoin mining company has taken a major step toward becoming a fully integrated mining operation with the $21.7 million acquisition of land and
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Injective Hub V2 Goes Live, but INJ Price Shows Minimal Reaction
![In a major upgrade to its ecosystem, Injective Labs has announced the release of Injective Hub V2. The latest release aims to improve user experience and streamline interactions within the Injective blockchain. It also introduces a redesigned interface, improved navigation, and a suite of new features intended to simplify user engagement with the network. According to the official blog post, Injective Hub serves as a central platform where users can manage their wallets, stake INJ tokens, participate in governance, and explore decentralized applications (dApps). This version brings a new user interface that is in line with Injective’s branding and a more structured layout to facilitate common user actions. Meanwhile, navigation improvements in Injective Hub V2 reduce the number of steps required for tasks such as staking, governance participation, and asset transfers. The improved staking features, on the other hand, are designed to allow users to monitor their rewards and interact with validators without leaving the Hub. Similarly, governance participation has been optimized with clearer visual indicators for proposals to facilitate more efficient voting and proposal tracking. The Injective Burn Auction, a core component of the network’s tokenomics, is now integrated within the Hub, to help users place bids and review auction history. Additionally, InjScan, Injective’s blockchain explorer, has been improved to provide more comprehensive transaction tracking and analysis. InjScan also has advanced search functionality to help users filter transactions based on different parameters. Despite the rebranding, Injective’s native token, INJ has barely gained 2% in the past day, trading below $15. INJ was down by nearly 20% over the past week. The post Injective Hub V2 Goes Live, but INJ Price Shows Minimal Reaction appeared first on CryptoPotato .](/image/67a37392ca781.jpg)
In a major upgrade to its ecosystem, Injective Labs has announced the release of Injective Hub V2. The latest release aims to improve user experience and streamline interactions within the Injective blockchain. It also introduces a redesigned interface, improved navigation, and a suite of new features intended to simplify user engagement with the network. According to the official blog post, Injective Hub serves as a central platform where users can manage their wallets, stake INJ tokens, participate in governance, and explore decentralized applications (dApps). This version brings a new user interface that is in line with Injective’s branding and a more structured layout to facilitate common user actions. Meanwhile, navigation improvements in Injective Hub V2 reduce the number of steps required for tasks such as staking, governance participation, and asset transfers. The improved staking features, on the other hand, are designed to allow users to monitor their rewards and interact with validators without leaving the Hub. Similarly, governance participation has been optimized with clearer visual indicators for proposals to facilitate more efficient voting and proposal tracking. The Injective Burn Auction, a core component of the network’s tokenomics, is now integrated within the Hub, to help users place bids and review auction history. Additionally, InjScan, Injective’s blockchain explorer, has been improved to provide more comprehensive transaction tracking and analysis. InjScan also has advanced search functionality to help users filter transactions based on different parameters. Despite the rebranding, Injective’s native token, INJ has barely gained 2% in the past day, trading below $15. INJ was down by nearly 20% over the past week. The post Injective Hub V2 Goes Live, but INJ Price Shows Minimal Reaction appeared first on CryptoPotato . Bitcoin.com
![Crypto Market in Bitcoin Season as Altcoin Season Index Falls to 38 The Altcoin Season Index , tracked by CoinMarketCap (CMC) , fell to 38 at 00:30 UTC on February 5 , down one point from the previous day . This confirms that the market remains in Bitcoin Season , as altcoins continue to underperform BTC over the last 90 days. Altcoin Season Index Breakdown: Altcoin Season (Above 75): 75% or more of the top 100 altcoins must outperform Bitcoin . Bitcoin Season (Below 25): 25% or fewer of altcoins outperform BTC, strengthening Bitcoin’s dominance. Current Index at 38: The market is Bitcoin-dominated , but not at extreme levels. With altcoins struggling to gain traction , Bitcoin continues to dictate market trends . Why Is Bitcoin Season Continuing? 1. Bitcoin ETFs Attract Institutional Investors Spot Bitcoin ETFs are absorbing most institutional capital , reducing demand for altcoins. Bitcoin dominance remains strong , preventing an altcoin breakout. 2. Macroeconomic Uncertainty Keeping Investors Cautious U.S.-China trade tensions and global economic concerns are making investors risk-averse. Traders are sticking to BTC as a safe-haven asset , avoiding riskier altcoins. 3. Market Cycles Favor Bitcoin Before Altcoin Rallies Historically, altcoin seasons follow Bitcoin’s major price moves . If BTC stabilizes or retraces, capital may rotate into altcoins . Will Altcoin Season Return Soon? Bullish Case: If Bitcoin price consolidates , capital could flow into altcoins . Upcoming Ethereum upgrades (like Dencun ) may boost ETH and DeFi projects . Layer 1 and AI tokens could drive new altcoin narratives . Bearish Case: Continued Bitcoin dominance may delay altcoin breakouts . Macroeconomic instability could keep investors risk-averse. If altcoins fail to show strong performance , Bitcoin Season may extend further . Conclusion The Altcoin Season Index dropping to 38 confirms that Bitcoin Season is still in play , with BTC continuing to dominate the market. Altcoins remain under pressure , but a shift could occur if Bitcoin stabilizes and investors rotate capital into altcoin projects . Until then, altcoin traders should remain cautious and watch Bitcoin’s price action closely . Stay updated on crypto market trends and altcoin performance with our latest insights .](/image/67a389d86b613.jpg)
Altcoin Season Index Falls to 38, Confirming Bitcoin Season
Crypto Market in Bitcoin Season as Altcoin Season Index Falls to 38 The Altcoin Season Index , tracked by CoinMarketCap (CMC) , fell to 38 at 00:30 UTC on February 5 , down one point from the previous day . This confirms that the market remains in Bitcoin Season , as altcoins continue to underperform BTC over the last 90 days. Altcoin Season Index Breakdown: Altcoin Season (Above 75): 75% or more of the top 100 altcoins must outperform Bitcoin . Bitcoin Season (Below 25): 25% or fewer of altcoins outperform BTC, strengthening Bitcoin’s dominance. Current Index at 38: The market is Bitcoin-dominated , but not at extreme levels. With altcoins struggling to gain traction , Bitcoin continues to dictate market trends . Why Is Bitcoin Season Continuing? 1. Bitcoin ETFs Attract Institutional Investors Spot Bitcoin ETFs are absorbing most institutional capital , reducing demand for altcoins. Bitcoin dominance remains strong , preventing an altcoin breakout. 2. Macroeconomic Uncertainty Keeping Investors Cautious U.S.-China trade tensions and global economic concerns are making investors risk-averse. Traders are sticking to BTC as a safe-haven asset , avoiding riskier altcoins. 3. Market Cycles Favor Bitcoin Before Altcoin Rallies Historically, altcoin seasons follow Bitcoin’s major price moves . If BTC stabilizes or retraces, capital may rotate into altcoins . Will Altcoin Season Return Soon? Bullish Case: If Bitcoin price consolidates , capital could flow into altcoins . Upcoming Ethereum upgrades (like Dencun ) may boost ETH and DeFi projects . Layer 1 and AI tokens could drive new altcoin narratives . Bearish Case: Continued Bitcoin dominance may delay altcoin breakouts . Macroeconomic instability could keep investors risk-averse. If altcoins fail to show strong performance , Bitcoin Season may extend further . Conclusion The Altcoin Season Index dropping to 38 confirms that Bitcoin Season is still in play , with BTC continuing to dominate the market. Altcoins remain under pressure , but a shift could occur if Bitcoin stabilizes and investors rotate capital into altcoin projects . Until then, altcoin traders should remain cautious and watch Bitcoin’s price action closely . Stay updated on crypto market trends and altcoin performance with our latest insights . Bitcoin.com