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Techub News reports that cryptocurrency exchange Kraken has announced that its lending product, Kraken Borrow, is now available to qualified U.S. customers. Eligible customers can obtain up to 3 times the purchasing power based on the value of their eligible assets to purchase more cryptocurrencies. This service aims to provide users with leveraged trading opportunities to amplify their investment scale. Users need to visit the official website link to view specific eligibility requirements and available assets. (@krakenfx)
Techub News reports that CoinShares, in its latest Bitcoin mining report, points out that the Bitcoin mining network is undergoing its most severe contraction since 2021. However, compared to past situations following halving cycles, the extent of this contraction is not as abnormal as the title suggests. Analyst Luke Nolan provides a detailed analysis of the relevant data in the report. (@CoinSharesCo)
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