To The Moon

$ProShares Bitcoin ETF(BITO)$ saw massive volume of 347M shares yesterday — direction still undecided.

$TeraWulf Inc.(WULF)$ -8.87% — Miner stocks under pressure as the AI-miner power war officially begins.

📡 Today's Key Web3 Signals

1️⃣ Miner Stocks Under Collective Pressure

• $WULF (TeraWulf) -8.87% to $20.24 ← One of yesterday's most active names

• Why: AI data centers and Bitcoin miners are now competing head-to-head for cheap electricity — and AI companies are bidding far higher

2️⃣ Crypto Equity Landscape:

• $Coinbase Global, Inc.(COIN)$ (Coinbase)—Stable,watchtoday.Cryptosafe−havenflowsaredrivingtradingvolume

• $Strategy(MSTR)$ / Strategy — Watch today. If BTC price rallies, NAV premium expands

• $Robinhood(HOOD)$ (Robinhood)—Stableyesterday.Cryptorevenuesharecontinuestoclimb

• $MARA Holdings(MARA)$ / $Riot Platforms(RIOT)$ / $CleanSpark, Inc.(CLSK)$ / $TeraWulf Inc.(WULF)$ — All under pressure. Focus on power competition + AI transition stress

3️⃣ Key Structural Shift: "Miners vs AI Data Centers" Power War

• Some miners are pivoting to AI data centers (WULF, CORZ have announced related strategies)

• Successful transition = From cyclical mining stock → Stable AI infrastructure stock = Valuation rerating

• Failed transition = Cash flow exhaustion = Death spiral

4️⃣ Esther's One-Liner:

For H2 2026, the biggest alpha in crypto isn't "BTC price" — it's "which miners can successfully transition into AI infrastructure."

This is a pure business model rerating opportunity.

5️⃣ Key Metrics to Watch:

• Each miner's power capacity vs AI customer contract count

• Power unit cost (kWh) gaps

• Presence of hyperscaler cloud customers

💰 Do you bet on (A) BTC breaking to new highs, or (B) Miner stocks' AI transition?

Drop your pick below 👇

⚠️ Crypto assets are highly volatile. Please comply with local regulations.