Bitcoin mining is undergoing a structural transformation, with average mining costs for mining companies expected to reach $80,000 by the end of 2025, while the price of Bitcoin is only around $70,000. Mining companies are increasingly turning to artificial intelligence and high-performance computing, with total related contracts exceeding $70 billion. The funding for this transformation mainly comes from leveraged financing and the sale of Bitcoin reserves. Although there is a significant divergence in the valuations of mining companies, whether the price of Bitcoin can rebound to $100,000 will impact the future development of the mining industry.

Artelo Biosciences announced that it will sell 3,188,407 shares of common stock at $3.45 per share through a private placement, raising $11 million, and also plans to sell warrants at $3.20 per share, with total fundraising expected to reach $20.4 million. The transaction is expected to be completed on March 30.

Elon Musk is considering allocating 30% of shares to retail investors in the SpaceX IPO, significantly higher than the traditional proportion. This move aims to leverage the fan base to stabilize demand after the listing. The IPO is expected to be valued at $75 billion, with plans to kick off the roadshow in 2026. Meanwhile, SpaceX is making management adjustments to optimize costs, attract long-term investors, and reduce trading volatility risk. This strategy could influence the listing models of future tech companies.

Bitcoin’s current price is about $68,500. The momentum for a rebound in the near term is weakening, and the technical picture suggests it may be in a consolidation phase within a downtrend. The RSI shows a hidden bearish divergence, and on-chain data warns that core capital confidence has weakened. The derivatives market amplifies the risk of volatility; if the key support level of $68,700 is broken, it could trigger a downside correction and potentially reach lower price ranges.

The Bitcoin price at key points of $66,000 and $69,000 will trigger the liquidation intensity of long and short positions on mainstream CEXs, reaching $607 million and $638 million, respectively. This indicates that price fluctuations could provoke a strong market response.

Xiaomi MiMo's large model leader Luo Fuli stated at the 2026 Zhongguancun Forum that the rapid progress of large models and the agent framework have driven a significant increase in inference demand, with token growth approaching 10 times, and potentially reaching 100 times this year. Industry competition has expanded to computing power, inference chips, and energy levels.

Gate News message. On March 27, according to Coinglass data, if BTC breaks through $72,073, the cumulative liquidation strength of short positions on major CEXs will reach $1.954 billion. Conversely, if BTC falls below $65,430, the cumulative liquidation strength of long positions on major CEXs will reach $1.282 billion.

BlockBeats news, on March 27, Messari senior analyst Austin Weiler conducted a valuation assessment of the prediction market Polymarket in his latest research report. The report states that after implementing the fee structure, three scenarios can be predicted for the fully diluted valuation (FDV) of Polymarket by 2028 based on its current market share: Optimistic expectation: $111.2 billion; Neutral expectation: $24.2 billion; Pessimistic expectation: $6.4 billion.

According to a report by Bloomberg, cryptocurrency private placements in 2025 will reach $20.4 billion, still below the $27.6 billion seen in 2022. They are mainly concentrated in investment and trading infrastructure, brokers, and exchanges. Crypto payment companies are expected to raise $2.6 billion; blockchain gaming funding has fallen significantly and is no longer tracked separately.

SpaceX plans to hold an investor briefing in April and is expected to secretly file for an IPO as early as this month, with a potential raise of up to $75 billion, which could become the largest IPO in history. Musk is considering allocating 30% of shares to retail investors to stabilize the stock price. Underwriting banks are divided by region. The final size and timing have not yet been determined.