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Foundry USA Bitcoin hashrate slumps 60% from Friday as winter storm Fern batters United States
Foundry USA, operator of the world's largest Bitcoin mining pool, has reduced its hashrate by about 60% since Friday in response to winter storm Fern sweeping across the United States. The pool's computing power reportedly dropped by nearly 200 EH/s, slowing temporary block production to around 12 minutes while it still maintains about 23% of global Bitcoin mining pool hashrate. The storm has caused widespread power outages for over 1 million residents and prompted other US-based mining pools to curb energy use to ease pressure on the grid.
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2.38% of Bitcoin nodes signal BIP-110, a one-year soft fork limiting data
Support for Bitcoin Improvement Proposal 110 has reached 2.38% of the network, with 583 of 24,481 nodes signaling. The temporary soft fork would enforce consensus caps of 34 bytes for transaction outputs and 83 bytes for OP_RETURN data for one year, with potential extension. Debate intensified around Bitcoin Core version 30 after the OP_RETURN limit was removed in October 2025.
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Scaramucci warns CLARITY Act stablecoin yield ban weakens US dollar versus digital yuan
Anthony Scaramucci argued that the CLARITY Act's expanded ban on yield-bearing stablecoins makes the US dollar less competitive than China's interest-paying digital yuan. Coinbase CEO Brian Armstrong and other industry executives also criticized the restriction, claiming it protects traditional banks and could undermine the role of US dollar stablecoins in global markets. Separately, Bank of America CEO Brian Moynihan cautioned that stablecoins may trigger up to $6 trillion in deposit outflows from the banking system.
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