GRAYSCALE FILES FOR NEAR SPOT ETF IN THE U.S. #Grayscale has officially submitted an S-1 filing with the #SEC to launch a #NEAR spot ETF, signaling growing institutional interest beyond $BTC and $ETH. The proposed product, Grayscale Near Trust (ticker: GSNR), is set to list on #NYSE Arca and will directly hold $NEAR, with creations and redemptions available in NEAR or cash. #Coinbase is named as both custodian and prime broker. If approved, this would mark another step in expanding spot crypto ETFs into Layer 1 ecosystems — and puts NEAR on the radar of traditional capital markets.

Bitcoin hashrate has dropped to its lowest level in 4 months, falling below 1 zetahash/second for the first time, despite recent signs of improved Bitcoin mining profitability. According to Leon Lyu, CEO of StandardHash, the main reason is that many Bitcoin miners are shifting electricity and machinery to serve AI, as AI currently offers higher profits. The year 2025 is seen as the most challenging period for Bitcoin miners to date, with declining revenue, increasing debt, and shrinking profit margins. Meanwhile, AI and high-performance computing are generating better returns, causing mining companies with abundant power sources and easy cooling systems to switch to running AI instead of continuing Bitcoin mining.#JoinGateTradFitoWinGoldPack #GoldandSilverHitNewHighs $BTC $ETH $SOL

Speaking of Michael Saylor's investment instincts, he definitely has some skills. Looking back at his 2012 call-in video, I realized—this guy didn't even consider Bitcoin at that time, and was actually a staunch Bitcoin skeptic. His true favorite? Apple. That year, the iPhone 5 hadn't been released yet, and Apple's stock was only in the 20s. Yet this guy directly called for 2000, and now Apple's stock has surged to 255. When it comes to vision, he definitely hasn't dropped the ball. Interestingly, Saylor, who once looked down on Bitcoin, has now completely changed his logic. From obsessively defending Apple to fully backing Bitcoin, this is the process of market education. From his battle with Apple, we can see that he does have good judgment on emerging assets—it's just that it took some time for him to truly understand Bitcoin's value. Counting the time span, over these more than ten years, he's experienced not just the accumulation of investment returns but also an upgrade in his thinking framework.