Crypto World
Solana validators vote on 3 major network reforms
Solana validators and delegators began voting on three network governance proposals on Aug. 23, covering a proposed constitution, faster SOL disinflation and a redesigned transaction fee structure.
Summary
- Three Solana governance proposals are testing constitutional rules, faster disinflation and redesigned transaction fees simultaneously.
- Voting remains open through epoch 1023, currently expected to end Thursday at approximately 15:30 UTC.
- SGP-0002 would double annual disinflation from 15% to 30% while preserving Solana’s terminal inflation floor.
- SGP-0003 proposes a fixed inclusion payment alongside a resource fee burned entirely by the protocol.
- Stake-weighted approval requires one-third participation and support from two-thirds of participating stake under proposed rules.
Voting on SGP-0001, SGP-0002 and SGP-0003 will remain open until the end of epoch 1023. Solana developers expect the epoch to conclude at approximately 15:30 UTC on Thursday, Aug. 27, although blockchain epoch timing can shift.
The proposals are stake-weighted signaling votes. Approval would establish a mandate to proceed, but the inflation and fee changes would still require technical implementation before becoming active.
Solana Constitution would formalize network decisions
SGP-0001 asks validators and delegators to ratify the Solana Constitution. The document would become the canonical framework for network-level decisions and activate Solana’s on-chain governance system, known as svmgov.
The proposed system allows validators to vote using their active stake. Delegators can normally vote through their validator, but they retain the right to override that decision using their own stake account.
Under the proposed rules, participation must reach one-third of network stake. Approval requires support from two-thirds of participating stake, excluding abstentions from the approval calculation.
An SGP represents a directional decision rather than a complete technical specification. Solana Improvement Documents, or SIMDs, provide the detailed protocol changes that developers review and implement afterward.
Faster disinflation could reduce SOL issuance
SGP-0002 asks the network to support doubling Solana’s annual disinflation rate from 15% to 30%. The proposal would not immediately halve the current inflation rate. Instead, it would accelerate how quickly inflation falls toward the existing 1.5% terminal floor.
The associated SIMD-0550 estimates that the change would shorten the time required to reach the terminal rate from approximately 5.7 years to 2.8 years. It projects around 18.9 million fewer SOL in emissions over six years compared with the current schedule.
Those figures remain projections rather than confirmed supply reductions. The actual result would depend on the activation date and network conditions. The change is also consensus-sensitive because validator rewards affect capitalization and bank hashes.
The vote follows an earlier debate over Solana’s security budget. As previously reported, an 80% inflation reduction proposal failed to secure sufficient approval in March 2025 despite receiving support from 61.39% of participating stake.
Solana fee reform would expand transaction burns
SGP-0003 asks voters to endorse splitting Solana’s base transaction charge into an inclusion fee and a resource fee. The inclusion fee would go to the block leader, while the resource portion would be burned completely.
The accompanying SIMD-0553 proposes a fixed inclusion fee of 2,500 lamports per transaction. The resource fee would vary according to the computational resources requested by each transaction.
Supporters argue that resource-based pricing would make transactions requesting more network capacity pay more. Burning the resource fee would also remove SOL from circulation rather than distributing that portion to validators.
A successful vote would only authorize developers to pursue the model. It would not immediately change fees or SOL burns. Detailed implementation, testing and feature activation would follow through the SIMD process.
What happens after the three Solana votes?
Validators and delegators can vote for, against or abstain before epoch 1023 ends. Votes are weighted using active stake recorded during the governance snapshot.
If a proposal reaches quorum and the required approval threshold, its outcome becomes a network mandate. SGP-0001 would ratify the governance framework, while SGP-0002 and SGP-0003 would guide work on their related technical specifications.
SOL traded near $94.27 on Aug. 24, up approximately 1.8% over 24 hours and about 25% over seven days. The broader cryptocurrency rally contributed to the weekly move, and available market data does not establish that governance voting caused the increase.
Final vote totals will determine whether Solana proceeds with all three proposals, accepts only part of the package or leaves the existing inflation and fee structures unchanged.
PVARA said companies have until the deadline to submit their application for a no-objection certificate or otherwise cease operating.
Look closely at a painting, and you might be able to see where an artist changed their mind. Beneath the finished surface, there may be an abandoned line, a figure moved several inches to the left, a color that looked splendid in the morning and became unbearable by night. There may be a smudgy fingerprint at the edge of the canvas. The back may hold a date, a repair, uneven staples, a signature, or the name of a previous owner. These messy marks were once incidental to the artwork. Today they are considered evidence.
AI can produce an image in nano-seconds, then create hundreds of variations before a painter has mixed a color or cleaned a brush. Some of the results are technically bewildering and others inspire disbelief: How is this possible? Yet their abundance is changing our relationship to novelty. When nearly any visual idea can be summoned on demand, newness becomes easier to manufacture but harder to believe in. In an age of effortless images, the mess left behind by making something may become part of what makes it valuable.
So much recent visual culture can appear at once new and strangely familiar. Generative systems learn from immense archives of existing images, then assemble patterns according to statistical relationships. Their output can startle us, though the surprise often arrives cloaked in a recognizable visual fluency: the cinematic light, the dreamlike architecture, the glossy portrait or the eerily composed impossibility. After enough exposure, even the surreal can begin to feel conventional.
A study presented at the 2024 CHI Conference proffers one perspective about how this happens. Participants who used an AI image generator during a visual ideation exercise became more fixed on an initial example and produced fewer ideas, with less variety and originality, than those in the control group. The study involved only 60 people, so its findings should be treated cautiously, though they articulate something many artists and designers have begun to notice: a tool built to accelerate imagination can also narrow it by presenting a polished answer before a more difficult, original idea has had time to form.
Against this flood of frictionless imagery, fine art acquires another kind of presence. A physical artwork occupies time and holds emotion. An artist stood before it, considered it, changed it, ruined it, waited for it, and eventually decided to either finish or abandon it. All artwork contains a sequence of often messy choices that could have gone in any number of directions. The object becomes a record of attention, and attention is becoming one of the scarcest materials we have.
Researchers have already observed a version of this shift. Across six experiments involving 2,965 people, participants consistently valued art labeled “AI-made” less than work labeled “human-made,” even when the images themselves were identical. Awareness of the machine changed the perceived value of the human hand.
This preference extends beyond art. A 2015 study in the Journal of Marketing found that people considered handmade objects more attractive in part because they believed those objects symbolically contained the maker’s love. The participants were projecting on and responding to an imagined human presence embedded in the object, expressed through the perceived time and care required to make it.
Nostalgia is part of the current attraction to the handmade. We remember darkrooms, paste-up boards, paint-stained clothes, and the physical tools that digital technology has made unnecessary or irrelevant, and often forget the expense and tedium the processes demanded. Still, the renewed power of visible erasure or the pleasure of encountering an unrestrained line reaches beyond nostalgia. These marks allow us to envision the intent and the decisions behind them.
AI can attempt to imitate these marks. It can add a false thumbprint, invent pentimenti, reproduce a stray brush bristle, and generate an image that appears to have survived a century in an attic. But mess itself will soon prove very little. Provenance and an intelligible creative process will become more important as appearance ceases to represent authenticity.
In educated hands, AI can still become a profound artistic medium. Photography and digital tools have disrupted ideas about skill and authorship before becoming vehicles for extraordinary art. AI will be shaped by artists whose choices are specific enough to resist its defaults, and those artists may create work we cannot yet imagine. The presence of a tool has never settled the question of artistic value; the depth and consequence of the decisions made with it still matter.
We are entering a period in which polished images and endless variations are available on command. The works we retain or collect may be those that let us encounter another person’s limits: the place where control faltered or the artist had to surrender to something unresolved.
I think our nostalgia for mess is growing from a hunger for evidence that making something still requires time, effort, commitment, and—dare I say it—love.
Germany widened its lead in the number of providers licensed under the European Union’s Markets in Crypto-Assets Regulation (MiCA), with six of its cooperative banks added in the latest register update.
The European Securities and Markets Authority (ESMA) updated its MiCA register on Friday, bringing the number of authorized crypto asset service providers (CASPs) to 331.
Compared with an update from Aug. 12, the six additions were all German cooperative banks: Raiffeisenbank Aidlingen, Ihre Volksbank, VR-Bank Mittelfranken Mitte, Volksbank Euskirchen, VR Bank Ried-Überwald and Volksbank Backnang.
Germany now accounts for 79 CASPs, ahead of France with 35 and the Netherlands with 29. Germany’s total has grown from 57 in late June, when the country already led MiCA authorizations, according to ESMA data previously reviewed by Cointelegraph.
Germany’s Federal Financial Supervisory Authority (BaFin) told Cointelegraph in June that the country’s high number of MiCA authorizations partly reflects its large financial sector and the number of credit institutions eligible to offer crypto services. BaFin also pointed to Germany’s pre-existing national licensing regime, which gave some CASPs access to simplified authorization procedures during the transition to MiCA.
ESMA’s asset-referenced token (ART), electronic money token (EMT) and non-compliant entity datasets were unchanged. The ART register remained empty, the EMT register held 43 entries, and the non-compliant entity list remained at 167.
Related: Bitpanda fined in Austria’s first published MiCA penalty
Abraxas Capital, Fasanara Capital, and Wintermute still hold over $600 million in short positions in Bitcoin (BTC) and Ethereum (ETH).
Blockchain tracker Lookonchain identified the positions as market maker hedging accounts. Their liquidation prices sit far above current market levels.
Liquidation Prices Sit Far Above Spot
The crypto market rally, fueled by policy moves, triggered a wave of short liquidations. BeInCrypto reported that on August 19, short sellers lost $1.3 billion within 60 minutes as Bitcoin climbed 2.5%.
The broader sell-off in bearish positions intensified, with short liquidations reaching $2.74 billion as 172,202 traders were liquidated. Short sellers then lost another $1.06 billion over the following 24 hours.
Lookonchain said the largest remaining on-chain short positions now appear to belong to market makers’ hedging accounts.
“It seems that all the big whales have been liquidated in this price surge! Currently, the largest short positions on the blockchain are held by market makers’ hedging accounts,” Lookonchain posted.
The three firms hold short positions of 138,569 Ethereum (ETH) worth $338 million and 3,425 Bitcoin (BTC) worth $265 million.
Abraxas Capital runs the largest book. Its two ETH shorts liquidate at $4,008 and $3,958, while spot trades near $2,440.
Its BTC shorts liquidate at $128,521 and $140,437 against a $77,381 spot price. Wintermute’s Bitcoin position survives until $251,307.
No position faces liquidation unless Bitcoin climbs 66% or Ethereum climbs 62%. That distance explains why the squeeze passed them by.
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Wintermute Added Shorts as Losses Mounted
Abraxas Capital carries roughly $58 million in unrealized losses across its four positions. The firm has not closed any of them.
Fasanara Capital sits 18.87% underwater on a $74.81 million ETH short at 15X leverage. Wintermute remains marginally profitable on both assets, according to Lookonchain data.
Separately, Onchain Lens tracked Wintermute raising short exposure on Hyperliquid. That book shows $5.85 million in unrealized losses across various assets.
The latest data suggests the remaining short exposure is less a broad bearish bet and more a reflection of market-making and hedging activity.
With liquidation levels still far above current prices, the positions are unlikely to face immediate pressure unless Bitcoin and Ethereum extend their rally significantly.
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The post 3 Trading Firms Still Short Bitcoin and Ethereum Despite Sharp Price Rally appeared first on BeInCrypto.
Tesla has officially ended its Solar Roof project six years after predicting it would be installing 1,000 units per week. The most the company ever installed, at its absolute peak, was 32.
Indeed, it’s only installed 3,000 in total. For context, if the company had achieved Elon Musk’s 1,000 per week goal, it should have installed around 345,000 solar roofs by now.
There was no press release or regulatory filing that accompanied the shutdown. Journalists simply noticed that the webpage, tesla.com/solarroof, now redirects to a separate solar panels webpage.
Solar Roof has also disappeared from the Tesla Energy menu.
One source said Tesla had concluded an internal review that the product was “not financially viable.”
Below is a timeline of the company, from its early days and $2.6 billion acquisition, through an incredible series of government subsidies, litigation, and its final chapter this month.
Read more: Tesla Diner’s struggles accelerate as chef speeds away
Timeline of Tesla Solar Roof (SolarCity)
- June 16, 2014: SolarCity agreed to buy panel maker Silevo for $200 million in stock, plus $150 million in earnouts.
- September 23, 2014: The company scores its first major government subsidy — a lucrative trend that would continue for a decade. New York broke ground at RiverBend, committing $750 million for a plant SolarCity would lease for just $1 a year.
- October 2015: An amended state agreement cut SolarCity’s direct manufacturing commitment in Buffalo from 1,460 jobs to 500.
- July 31, 2016: Tesla signed a stock merger agreement worth roughly $2.6 billion for SolarCity. Musk and two of his cousins were controlling shareholders prior to the deal.
“Musk knew SolarCity was going broke before merger with Tesla,” a shareholder lawsuit alleged. Also at that time, Musk had over $475 million in personal loans backed partially backed by SolarCity stock.
- October 28, 2016: Musk unveiled four tiles at Universal Studios. Omitted from his presentation were certain facts that the tiles generated no electricity, were “conceptual in nature,” and built not for solar power generation but “demonstration of the aesthetics.”
- November 17, 2016: Tesla shareholders approved the SolarCity acquistion.
- November 21, 2016: The merger closed, making SolarCity a Tesla subsidiary and Solar Roof an official Tesla product.
- December 27, 2016: Panasonic finalized an agreement to make photovoltaic cells at its Buffalo, New York plant. In an obvious quid pro quo, Tesla committed to “a long-term purchase commitment from Panasonic.”
- May 10, 2017: Tesla opened orders for SolarCity at $21.85 per square foot of total roof area, promising a lifetime warranty.
- May 25, 2017: Two weeks later, an RBC analyst noted Solar Roof orders as sold out through 2018.
- August 2, 2017: Tesla disclosed that Tesla employees received the first Solar Roof installations.
- January 9, 2018: Tesla told Reuters that its Buffalo, NY facility had begun producing Solar Roof tiles as of December 2017.
- June 12, 2018: In a restructuring that cut about 9% of staff, Musk ended Tesla’s Home Depot partnership for SolarCity sales.
- August 8, 2018: A Reuters investigation found Buffalo producing only one of the four tile styles that Musk demonstrated in 2016.
- September 24, 2018: A CNBC investigation found only 12 Solar Roofs connected in California as of May 2018, far below Musk’s estimate of several hundred.
- October 25, 2019: Tesla launched Solar Roof V3, quoting roughly $33,950 for a 2,000 square foot roof. On the same call, Musk targeted 1,000 installations a week by the end of 2019.
- January 29, 2020: Tesla reported 54 megawatts of solar capacity deployed and claimed hundreds of new hires at its Gigafactory New York.
- February 26, 2020: Panasonic announced it would stop making solar cells in Buffalo by May and cease entirely by September.
- March 16, 2020: Tesla claimed it had built four megawatts of solar tiles in one week, which it claimed was enough for 1,000 homes.
- August 21, 2020: A state audit found Buffalo projected to return 54 cents per subsidy dollar, 98% short of its $30 benchmark.
- September 2020: Panasonic completed its withdrawal from Buffalo, leaving Tesla to run the factory alone.
- January 27, 2021: Tesla reported 205 megawatts of solar deployed across 2020.
- March 2021: Tesla began emailing customers that it had raised Solar Roof prices.
- April 11, 2021: Price hikes reached contracts signed more than a year prior, commonly adding 30% and more than 50% to customers’ costs in some cases.
- April 22, 2021: Musk said Solar Roof and Tesla panels would only be sold bundled with a Powerwall battery.
- April 26, 2021: Musk conceded on a quarterly earnings call that Tesla had “made some significant mistakes in assessing the difficulty of certain roofs.”
- April 30, 2021: Two Pennsylvania customers sued, alleging Tesla raised their contracted price by tens of thousands of dollars after signing.
- May 12, 2021: A California class action put one increase at $71,074.42 to $146,462.22 — more than double the price in the original signed contract. Tesla settled that case.
- July 13, 2021: Musk testified on the stand in Delaware court, defending the SolarCity acquisition.
- April 27, 2022: Delaware’s Court of Chancery came down in favor of Musk, ruling the SolarCity acquisition “entirely fair.”
- September 12, 2022: Tesla reiterated its purchase requirement of at least one Powerwall per every new Solar Roof.
- November 10, 2022: Tesla canceled Solar Roof projects across several states, including permitted ones, and exited some markets entirely.
- June 6, 2023: The Delaware Supreme Court, sitting en banc, affirmed an appeal in favor of Musk, ending nearly seven years of litigation over the SolarCity acquisition.
- July 11, 2023: Tesla settled a California price-hike class action lawsuit for $6.08 million covering about 8,636 customers, admitting no wrongdoing.
- January 24, 2024: Tesla reported 41 megawatts of solar for the quarter, its weakest since 2020. It would never publish another quarterly figure.
- March 7, 2024: A judge approved a settlement that closed Tesla’s final price-hike lawsuit.
- April 16, 2024: Tesla filed a state layoff notice covering 285 Buffalo, NY jobs as it thinned its Solar Roof operations.
- September 25, 2024: Tesla recruited more third-party installers as it wound down its own in-house crews.
- April 19, 2025: Tesla removed online Solar Roof quotes, routing buyers to its third-party installer network.
- July 4, 2025: Donald Trump’s One Big Beautiful Bill repealed Tesla’s residential solar tax credit at the end of 2025.
- January 29, 2026: Tesla unveiled its own conventional solar panel, the product that now replaces the Solar Roof.
- May 14, 2026: Solar Roof projects in Florida are canceled, with field crews reassigned to repairs rather than installations.
- August 20, 2026: Tesla told installers that Solar Roof tiles were no longer orderable.
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Key takeaways
- The Pi Core Team introduced Protocol 27 on the Pi Testnet, enabling preparations for advanced smart contract authentication.
- A mainnet upgrade to Protocol 27 is scheduled for September 15.
- PI faces resistance at $0.1022, with a breakout potentially opening a move toward $0.1204.
Pi Network is trading lower on Monday following a gain of more than 6% last week, with its price hovering around $0.0880.
The cryptocurrency remains above the $0.0800 level but continues to face resistance below $0.1000.
Despite the recent advance, momentum indicators suggest that PI has not yet developed sufficient buying pressure to sustain a breakout.
The mixed technical outlook comes as developers prepare a network upgrade that could introduce additional authentication capabilities for applications and transactions.
Pi Core team introduces protocol 27 on testnet
The Pi Core Team announced Saturday that it had released Protocol 27 on the Pi Testnet. Pi Network is built on the Stellar Consensus Protocol, and the update incorporates the latest Stellar network protocol into its testing environment.
According to the Pi Core Team’s announcement, Protocol 27 will support new smart contract authentication capabilities.
The upgrade is intended to provide more advanced methods for applications and users to authenticate transactions.
Introducing the protocol on the testnet allows developers to evaluate its functionality before deployment on Pi Network’s mainnet.
The Pi Core Team is targeting September 15 for the mainnet rollout of Protocol 27. Once activated, the upgrade could expand the authentication options available to applications operating on the network.
The update represents a potential technical catalyst for PI, although its immediate effect on the token’s price remains uncertain.
Market participants are likely to monitor progress toward the September deadline alongside broader cryptocurrency market conditions.
PI remains trapped below the $0.1022 resistance
Pi Network is consolidating between technical levels associated with its previous decline from $0.1341 to $0.0703.
Immediate support sits near $0.0853, while the main upside barrier is located at $0.1022.
The $0.1000 psychological level also remains an important threshold for buyers. A confirmed breakout above $0.1022 would signal improving momentum and could open the path toward the next major resistance level at $0.1204.
However, PI remains below these levels, suggesting that buyers have yet to establish control.
The daily Moving Average Convergence Divergence indicator remains slightly positive and above its signal line.
This suggests that some underlying buying demand is still present, although the signal is not strong enough to confirm a sustained rally.
Meanwhile, the Relative Strength Index stands near 48, indicating broadly neutral market conditions.
An RSI reading near 50 typically suggests that neither buyers nor sellers have a clear advantage.
Together, these indicators support the possibility that PI will continue consolidating until a stronger catalyst pushes the price beyond its current range.
The first significant support level for PI is $0.0853. A break below this area could expose the rising trendline near $0.0785.
If selling pressure intensifies, the token could revisit its previous swing low at $0.0703.
For now, PI’s near-term direction depends on whether buyers can defend the $0.0853 support area and build sufficient momentum to challenge resistance near $0.1000 and $0.1022.
Crypto World
Bitcoin steadies near $78,000 as gold rallies, altcoins consolidate after best week in 3 years
BTC was little changed Monday after last week’s 24% surge triggered by a Treasury buyback announcement that squeezed over $3 billion in shorts.
Bitcoin’s price dip to $75,500 was short-lived, at least for now, and the asset has recovered two grand since then, trading at around $77,500 now.
There are several major gainers from the mid-cap alts, while the larger caps have produced more modest increases, such as ETH’s 2% jump.
BTC Above $77K
The primary cryptocurrency stood still for weeks and weeks before it finally exploded above the upper boundary at $65,000 last Wednesday. It flew to $70,000 within hours, faced a quick rejection, before it skyrocketed to $72,000 by Thursday morning.
The bulls kept the pressure on and initiated another leg up that culminated on Friday when bitcoin jumped to almost $80,000 for the first time in over three months. After gaining $15,000, the asset was primed for a correction, which took place during the weekend. As reported, it dipped to $75,500 as Wintermute built up a major short position.
However, the trend appears to have changed, and BTC started recovering some ground on Wednesday and Monday. Earlier today, it tapped $78,000 once again before it was stopped. Nevertheless, it still trades above $77,500 as of press time, up by over 21% since this time last Monday.
Its market cap has climbed to $1.555 trillion on CG, while its dominance over the alts has taken a minor hit and is just below 58%.
ZEC Neared $900
Ethereum has risen past $2,450 after a 2% increase in the past 24 hours. XRP is close to $1.50 once again, while BNB has tapped $700 and has climbed one position higher in terms of market cap. ZEC neared $900 yesterday for the first time in nearly a decade, and sits above $830 now.
Even more impressive gains are evident from mid-cap alts like CC, TAO, SKY, CRO, and others. Moreover, AAVE, MNT, and MORPHO have skyrocketed by double digits. PENGU has returned to the top 100 alts by market cap after a 20% daily surge.
In contrast, ENA, PUMP, and XMR have dropped the most since yesterday, with ENA slumping by more than 8%.
The total crypto market cap has added around $30 billion since yesterday and is up to $2.680 trillion on CG.
The post Zcash (ZEC) Explodes Past $800, Bitcoin (BTC) Reclaims $77K: Market Watch appeared first on CryptoPotato.
As a one of global mining pool, ViaBTC has upgraded its Ambassador Program to offer lifetime referral rewards for miners. Approved ambassadors earn a 20% lifetime commission for every new user they refer, while referred users receive a 50% fee-discount coupon valid for 30 days. For those with an established mining community, content audience, or industry network, the program provides a simple way to build a sustainable, long-term income stream.
Turning Community Influence into Tangible Rewards
ViaBTC’s global community includes many veteran miners who are deeply passionate about the industry and highly knowledgeable about mining.
One ambassador operates a small-to-medium-sized mining farm in Southeast Asia and has spent the past two years actively participating in Telegram mining groups. New miners often turn to him for advice on pool configuration, payment methods, and mining-rig operations. After he joined the ViaBTC Ambassador Program, some of the miners he had previously helped signed up through his referral link.
“I used to help people simply because I wanted to. Now the commissions help cover some of my own expenses.”
His day-to-day interactions remained unchanged. The difference was that the expertise and trust he had built over the years began generating additional referral income.
A North American content creator had a similar experience. For two years, he has consistently published mining-rig reviews on YouTube, steadily building a loyal following despite having a relatively modest audience. After becoming a ViaBTC Ambassador, he added his referral link to his video descriptions. Users who sign up through the link receive a 50% fee-discount coupon, while he earns a commission on their mining fees.
“For me, it doesn’t involve any extra work. It simply turns recommendations I was already making for free into something that benefits both sides.”
Neither ambassador needed to build an entirely new business. The miner was already answering questions in his community, while the creator was already producing useful content. The ViaBTC Ambassador Program simply transformed their existing influence into a new source of ongoing referral rewards.
Why a 20% Lifetime Commission Makes Long-Term Referrals Valuable
The 20% lifetime commission is a key benefit of the ViaBTC Ambassador Program. Unlike programs that require participants to reapply or undergo reassessment when an agreement expires, ViaBTC allows ambassadors to continue earning commissions from eligible referred users without renegotiating their contracts or submitting additional applications.
Consider a simple example: If a referred miner generates 0.01 BTC in pool fees during a given month, the ambassador would earn 0.002 BTC at the 20% commission rate. At a BTC price of 70,000 USDT, that commission would be worth approximately 140 USDT.
Actual earnings will vary according to the fees generated by referred users and fluctuations in cryptocurrency prices. However, ambassadors who consistently manage mining communities or content channels can build a growing source of long-term income as their eligible referrals increase from one user to several—or potentially many more.
The program fits naturally into the work of anyone who already has a mining community or content audience. Miners may answer questions daily, while previously published tutorials and reviews can continue attracting new viewers over time. Rather than requiring ambassadors to start from scratch, the program connects the influence they have already built with an ongoing commission structure.
Lowering Barriers and Making Referrals Easier
New users referred by a ViaBTC Ambassador immediately receive a 50% fee-discount coupon valid for 30 days. For those comparing mining pools or taking their first steps into mining, this incentive offers a compelling reason to try ViaBTC. For ambassadors, it helps turn recommendations based on genuine experience into action.
Ambassadors earn a 20% lifetime commission, while referred users benefit from discounted fees—creating clear, tangible value for both sides.
For long-term community managers and content creators, however, commission rates are only part of the equation. A more important consideration is whether the platform remains worth recommending over time.
Founded in 2016, ViaBTC celebrated its tenth anniversary in 2026. Today, it serves more than two million users across over 150 countries and regions. During the past decade, mining hardware has advanced rapidly, mining difficulty and network hashrates have shifted considerably, and the cryptocurrency market has experienced multiple cycles. Throughout these changes, ViaBTC has remained one of the world’s leading mining pools, with its hashrate consistently ranking among the industry’s highest across multiple cryptocurrencies.
For ambassadors, this proven operational track record and sustained market position provide confidence that they are recommending a competitive mining-pool brand that has successfully navigated multiple market cycles.
Veteran or Influencers? A Program for Everyone
The ViaBTC Ambassador Program is not limited to prominent industry figures with large networks or audiences. Veteran and skilled miners, content creators, ASIC miner vendors, and service providers working closely with miners can all be strong candidates. These individuals already possess valuable industry expertise and have earned the trust of their audiences and customers.
If sharing mining knowledge, creating relevant content, or helping customers solve problems is already part of your work or community involvement, the ViaBTC Ambassador Program allows you to earn more from the network you have built. Ambassadors receive a 20% lifetime commission on qualified referrals, while new users receive a 50% fee-discount coupon valid for 30 days, giving them an immediate incentive to join.
ViaBTC also offers additional VIP services and partnership support to leading community influencers and high-hashrate clients, beyond the standard lifetime commission.
The post ViaBTC Extends Lifetime Referral Commissions to Miners Through Its Ambassador Program appeared first on BeInCrypto.
Bitcoin (BTC) broke out of its recent slump last week, reclaiming key levels after getting a substantial boost from the bond market and developments in Washington. Gold benefited from similar conditions, rising above $4,600 on Friday as investor interest returned.
BTC is trading around $77,184, up nearly 22% over the past seven days, while gold rose about 5% in the same period, marking a third consecutive weekly gain, and reaching a three-month high.
Bitcoin And Gold Get Major Lift
Bitcoin (BTC) broke out of its trading range last week, surging nearly 22% as a massive short squeeze, institutional interest in Bitcoin ETFs, and the US Treasury’s announcement that it would double its bond-buy operations from $2 billion to $4 billion. The short squeeze hit traders who bet against BTC, triggering a wave of liquidations that propelled the price higher. Spot Bitcoin ETFs saw renewed momentum and registered their strongest week in 10 months, recording $1.92 billion in net inflows, according to CoinGlass data. The US Treasury’s announcement lowered 30-year bond yields, which hit 5.34% prior to the decision, the highest since 2007. A renewed political push to pass the CLARITY Act has also buoyed investor sentiment.
On the other hand, gold crossed $5,300 in January but fell toward $4,000 by June as investors pivoted to interest-bearing investments thanks to rising interest rates. The bullion is back above $4,600, recording a third consecutive weekly gain, and is currently trading around $4,650, according to Investing.com.
Crypto Gets A Policy Boost
President Trump’s meeting with top crypto industry executives and subsequent calls on Congress to pass the CLARITY Act increased optimism about greater regulatory clarity, helping boost investor sentiment. Commodity Futures Trading Commission (CFTC) Chair Mike Selig added that he would “use every tool available” to advance President Trump’s crypto agenda. The CFTC is meeting on Thursday to explore whether it can use its existing authority to ease crypto rules. The United States Securities and Exchange Commission (SEC) has already announced the implementation of the “Regulation Crypto Assets” framework. The framework introduces tailored exemptions and a provisional safe harbor, preventing specific crypto assets from being classified as securities.
Bitcoin Short Squeeze Another Catalyst
Bitcoin (BTC) registered one of its strongest rallies in recent memory last week, reclaiming key levels after trading in the $62,000 and $67,000 range for nearly two months. Short traders seized the moment, placing bets against a rally. However, the US Treasury’s announcement fueled BTC’s surge past the $70,000 mark, triggering a wave of liquidations as traders closed their short positions. This added more fuel to the rally, with over $4 billion in short positions liquidated by Friday, according to CoinGlass data.
BTC started the previous week in positive territory, rising 2.62% on Monday and closing at $64,484. The price registered a marginal increase on Tuesday before rallying more than 7% on Wednesday and closing at $69,300. Upward momentum persisted on Thursday as BTC crossed $70,000 and settled at $73,011, up 5.36%. Bullish sentiment intensified on Friday as the price rallied more than 7%, reaching an intraday high of $79,500 before settling at $78,325. Despite the overwhelming positive sentiment, BTC could not cross $80,000 and lost momentum over the weekend.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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