Chinese mining rig manufacturer Bitmain is offering significant discounts on its flagship products as the Bitcoin mining industry grapples with declining profitability, Cointelegraph reported. The dis...

Chinese mining rig manufacturer Bitmain is offering significant discounts on its flagship products as the Bitcoin mining industry grapples with declining profitability, Cointelegraph reported. The discounts apply to most of the company's products, including its S19 and S21 series. Additionally, Bitmain has shifted some products from fixed pricing to an auction-based sales model, a move rarely seen during previous industry booms. The report notes that the current hash rate price has fallen below the minimum profit margin for mining operators.

Bitmain offers major discounts on mining rigs amid industry downturn

Over the past six months, I've gone from being an observer of Web3 to entering the payment industry. Now, I've chosen to stop and cease working on Web3 payments.

This isn't a retreat after a failure, but rather a judgment and adjustment made after truly getting involved. In these past six months, I've traveled to Yiwu, Shuibei, Putian, and even Mexico, seeing how payments are actually implemented in the most prominent places mentioned in reports. I've also been involved, building a Web3 payment MVP, taking over accounts, developing Web3 payment tools, and trying to run my imagined path from the first step to the last.

But the further I went…

An entrepreneur's account: From beginning to end, why I stopped developing Web3 payments.

Key Highlights:
Chrome extension of the Trust Wallet was breached today, December 26, 2025, which drained $7 million from the users.
Only browser extension had been affected.
ZachXBT has also flagged ...

Trust Wallet Hack: $7M Drained, Scammer Exposed by ZachXBT

Cardano price remains in a deep bear market, continuing a sell-off that started in December last year when it peaked at $1.3245. It was trading at $0.3565, down by ~73% from its December peak, and its...