DeFI News by Thebittimes.Com

Elon Musk’s social media platform X (formerly Twitter) is back to a valuation of $44 billion, according to sources close to a deal around X. Investors valued the platform at $44B in a so-called secondary deal earlier this month, in which they exchanged existing stakes in the company. The company’s valuation has been on a decline since Musk acquired the platform 3 years ago for $44 billion. JUST IN: X (Twitter) is back to a $44 billion valuation. pic.twitter.com/dk4QSNR9Fd — Watcher.Guru (@WatcherGuru) March 19, 2025 In Musk’s time as the head of X, has loosened the platform’s moderation policies, something that prompted many advertisers to leave. The decline in advertisers caused X’s value to deteriorate, recently to as low as $10 billion. X’s revenues have also dropped since Musk’s takeover. However, the platform posted about $1.2bn in adjusted earnings before interest, taxes, depreciation, and amortization in 2024, according to those sources. X is Back Making M...

In one of the most surprising turns for the cryptocurrency market this year, Solana’s Pump.fun has seen its revenue plummet 95% in March of 2025. Indeed, the meme coin creation platform has fallen drastically since it was surging early to start the year and into February. The downturn has been rather shocking for many. Specifically, last month, it has seen daily fee revenue reach heights of 12,000 SOL, or $2 million. Yet, that is now averaging at 1,000 SOL a day, or just $100,000 in daily revenue through the first 18 days of the month. Source: Mudres Also Read: Pump.Fun Officially Banned in the UK Pump.fun Struggles as Daily Fee Revenue Falls to Just $100,000 In early 2025, the meme coin market had been thriving. Moreover, that success had been seen in Solana’s Pump.fun meme coin creator platform. Indeed, in January, the platform kicked off the new year with $14 million in revenue. However, things have fallen quite far since. The success of the entity continued into February...

Bitcoin miners recorded their annual all-time high, earning over $44 million in block rewards and transaction fees. Miners’ income primarily comes from rewards for confirming BTC transactions and creating new blocks using high-tech computer equipment known as mining rigs. Source: blockchain.com Miners currently receive 6.25 BTC for each successful block creation in addition to the transaction fee. According to data from blockchain.com, on Nov. 12, miners earned $44 million. Between April 2022 and November 2023, several factors contributed to the decline in revenue for Bitcoin miners worldwide. These include a prolonged bear market, negative investor sentiment regarding fraud and ecosystem collapse, and unfriendly regulations that prevent investors from freely transacting in Bitcoin. You might also like: Bitcoin millionaire wallets triple in 2023 Bitcoin mining difficulty also increased Meanwhile, Bitcoin mining difficulty increased by 3.55%, setting the AT...