Bitcoin’s BIP-110 fork is back, but its backers want to replace the miners and change PoW
Roughnecks is restarting the stalled branch while supporters push a more radical change to Bitcoin’s mining rules.
Happy Monday!
Bitcoin’s long-dormant BIP-110 fork has resurfaced, but this time its proponents are aiming higher than a simple chain split. The Roughnecks group is reviving the stalled branch while pushing for a more radical overhaul that would replace current miners and alter Bitcoin’s proof-of-work consensus rules.
Crypto investors are being reminded that liquidity, access, and yield can disappear faster than a thesis changes. Kraken’s Aug. 27 deadline for 21 token withdrawals puts holders at risk of forced sales into thin order books, while Grayscale’s abrupt retreat from three altcoin ETF filings shows that product pathways can close without much warning. That pressure extends beyond retail custody choices: Canary’s XRP ETF and Bitwise’s Solana ETF both drew fresh money, yet price declines wiped out the benefit, underscoring how inflows do not shield investors from market losses.
The global crypto market cap is $2.19 trillion, with a 24-hour volume of $52.68 billion. The price of Bitcoin is $64,050.64, and BTC market dominance is 58.8%. The price of Ethereum is $1,868.21, and ETH market dominance is 10.3%. The best-performing sector is Identity, which gained 5%. The Crypto Fear & Greed Index is currently Extreme Fear (30).
📰 Top News
Bitcoin’s BIP-110 fork is back, but its backers want to replace the miners and change PoW
Roughnecks is restarting the stalled branch while supporters push a more radical change to Bitcoin’s mining rules.
Crypto holders face an Aug 27 deadline to save 21 tokens before Kraken liquidates them into thin order books
Withdrawals close at 14:00 UTC, then thin markets could determine what automatic liquidation returns.
A major Bitcoin miner burned through 357 BTC on secret compute deals while its output plummeted
Production and managed hashrate fell in July, while the price and economics of the prepaid capacity remain undisclosed.