Bitcoin Critic Vanguard Becomes Strategy’s (MSTR) Largest Shareholder

Bitcoin’s mining difficulty surged to an all-time high of 127.6 trillion in August 2025. The move reflects a continued expansion of global computational power, securing the network.

However, despite the increased technical challenge, miner profitability is quietly climbing, a rare dynamic analysts say could signal a new phase in the Bitcoin (BTC) market cycle.

Bitcoin Mining Difficulty Hits Record High

The next mining difficulty adjustment, expected on August 9, is projected to lower the metric slightly to around 124.71 trillion.

This adjustment aims to bring the average block time back to the 10-minute target, down from the current 10 minutes and 23 seconds.

These periodic recalibrations are fundamental to Bitcoin’s design. They maintain consistent issuance and network stability despite fluctuations in hash rate.

The anomaly, however, is that higher Bitcoin mining difficulty has not translated into squeezed margins for miners.

Quite the opposite, network data showing miner revenues have reached a post-halving peak of $52.63 million per exahash daily.

“Bitcoin Miners Revenue Per Day is at a current level of 52.63M, down from 56.35M yesterday and up from 25.64M one year ago. This is a change of -6.61% from yesterday and 105.3% from one year ago,” analysts at ychart.com indicated.

This is a strong signal, considering rising energy costs and an increasingly competitive mining playing field.

In a recent post, Blockware Intelligence, a Bitcoin mining analytics firm, highlighted this divergence.

“The bull case for Bitcoin mining? BTC/USD increasing faster than mining difficulty. Over the past 12 months: > BTC/USD +75% > Mining Difficulty: +53%. Profit margins for Bitcoin miners are increasing,” the firm stated in a recent post.

Rising Profit Margins Signal Bullish Shift

Historically, such a dynamic, where the Bitcoin price rises faster than mining difficulty, has occurred during the early stages of bullish market cycles. Similar patterns were observed in 2016 and again in mid-2020, which preceded major price rallies.

The growing profitability also reflects deeper demand dynamics, with data showing the current Kimchi premium in South Korea stands at +0.6%. Notably, this indicates a strong regional appetite for BTC.

Kimchi premium represents the price difference between local exchanges and global spot markets.

That, paired with the deployment of more efficient ASIC machines and rising institutional mining investments, suggests the mining sector is both healthy and optimistic about Bitcoin’s medium-term trajectory.

Beyond miner margins, Bitcoin’s scarcity narrative remains intact. With over 94% of the total 21 million BTC already mined, the pioneer crypto’s stock-to-flow ratio now stands at approximately 120, double that of gold.

This long-term scarcity positions Bitcoin as a hedge against inflation and monetary debasement, even as short-term price action remains subdued.

Still, the broader market has yet to price in the network’s improving fundamentals. After the July highs, Bitcoin retraced to levels below $115,000, signaling a temporary decoupling between on-chain technical health and investor sentiment.

Analysts attribute this disconnect to macroeconomic headwinds, trade policies, and shifting capital flows. Meanwhile, miners appear to be front-running the rest of the market.

The combination of rising difficulty, increasing margins, and strong regional demand could mark a turning point in mining economics and Bitcoin’s broader cycle. If history rhymes, the network’s growing strength may soon echo in price.

The post Bitcoin Mining Is Tougher Than Ever — So Why Are Miners Smiling? appeared first on BeInCrypto.

According to Hollywood rumors, Netflix is planning to make a movie based on the 2022 FTX collapse. Julia Garner is rumored to be finalizing negotiations to play Caroline Ellison, but Bankman-Fried’s actor is less certain.

Several outlets have claimed that Evan Peters, who starred in Netflix’s award-winning series DAHMER, is in talks to play SBF. However, this is presumably even less certain than Garner’s role. Graham Moore, an Oscar-winning screenwriter, is also in talks to write the series.

Netflix’s Take on the FTX Collapse

The FTX collapse in 2022 was one of the most dramatic events in financial history, not just crypto. So, it makes sense that Netflix is planning a movie about it. After all, several studios were fighting to get the film rights the same month that the collapse happened.

Variety recently published rumors about the casting, claiming that Julia Garner is nearly set to play Caroline Ellison.

Garner previously played digital con artist Anna Delvey and received an Emmy nomination for her performance. This relevant experience could add color to her portrayal of another convicted fraudster in Netflix’s FTX adaptation.

However, Garner’s largest role was Ozark, an acclaimed Netflix show that earned three Emmy awards. Variety further claimed that she may become an executive producer on this series, but again, nothing has been finalized.

Netflix will reportedly use a love story as a framing device for the FTX series’ plot, so the actor playing Sam Bankman-Fried will be essential.

Other industry publications have alleged that Evan Peters is in talks for this role. He has also won awards for a previous Netflix production in 2022.

A Netflix adaptation of the FTX story could be highly entertaining, but it’s important to stress that no contracts have been signed. The crypto industry has produced many famous events, after all.

The 2016 Bitfinex hack was allegedly getting a movie adaptation last year, but there hasn’t been an update on the project in around six months.

That is to say, “development hell” is a popular term in the film industry for a reason. Hopefully, the crypto community will soon enjoy Netflix’s dramatized take on the FTX collapse. Today, it’s still in the very early stages.

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