Crypto Industry Lost 40% of Active Web3 Developers in a Year

On March 17, 2024, the number of weekly engaged creators in open repositories was 12,380. On March 16, 2025, the figure dropped to 7,600. The drop is 38.6%. Developer activity is one of the key markers of the ”health” of the Web3 ecosystem. It reflects the pace of innovation and the degree of support for protocols already in place, directly impacting the sustainability and growth of the industry in the long term. Binji Pande, developer of Optimism, believes the decline in activity is due to a ”lack of real value” in the blockchain ecosystem. He explained that too much emphasis is placed on ”narrative development” - projects that ”say more than they do.” As a result, developers lose incentives and meaningful products remain in the shadows of speculation. ”If nothing happens on the blockchain, the point of using it is lost,” Pande said. The expert added that the ecosystem should focus on developing solutions that users really need. Developer Ben Ward noted that the market and venture capitalists have long rewarded projects that do not bring real value. In his view, the industry`s main lucrative product has been the ”meme-coin casino” in DeFi. According to Pande, the Web3 ecosystem has changed a lot, but far from for the better. He noted that cryptocurrencies need to ”feel part of the future again.”

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Ethereum Faces Major Selling Pressure as Whales Dump Holdings

Ethereum`s price faces pressure due to significant loss-selling by major investors. Aggressive buying activities show that interest in Ethereum persists despite market challenges. Continue Reading: Ethereum Faces Major Selling Pressure as Whales Dump Holdings The post Ethereum Faces Major Selling Pressure as Whales Dump Holdings appeared first on COINTURK NEWS . Coinpaper

Auradine Raises $153M Series C for Bitcoin Mining, AI Data Center Networking

Auradine, a maker of computing equipment for bitcoin (BTC) mining and AI applications, said it raised $153 million in a Series C funding round. The Silicon Valley, California-based company also formed a new business group, AuraLinks AI, focused on open-standards to address cooling requirements of next-generation AI data centers. AI data centers and BTC mining share similarities in their operational requirements. Given the proliferation of AI in mainstream use in recent years, the subject of data centers is now commonplace in public discourse. This is significant for the cryptocurrency industry because most things that relate to AI data centers could also be applied to bitcoin mining. "Our dual focus on Bitcoin and AI infrastructure places Auradine at the intersection of pivotal technologies that will reshape computing and energy utilization for decades to come," CEO Rajiv Khemani said in a statement . The funding round, which took Auradine`s total backing to $300 million, was led by StepStone Group and included another contribution from bitcoin miner MARA, as well as Maverick Silicon, Samsung Catalyst Fund and Qualcomm Ventures, among others. Coinpaper