Crypto’s Rough Week: Mining Profits Crater, Coinbase Stumbles, and an Unexpected Contender Emerges

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2025-05-09 21:35:17

Public Keys: Mining Malaise, Coinbase Miss and Hey, Who’s the New Kid?

Bitcoin miners face profit squeeze as hashprice hits 18-month low—just as Wall Street discovers ’energy costs matter.’ Meanwhile, Coinbase’s Q2 earnings miss sparks sell-off, proving even crypto’s golden child isn’t immune to gravity.

And in left field: a little-known Layer 2 token surges 300% on pure meme energy. Because nothing says ’store of value’ like a cartoon frog.

Bonus jab: TradFi analysts still can’t decide if crypto is dead or the next big thing—golden handcuffs make terrible crystal balls.

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