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Plus: SMIC says U.S. tariffs should continue to have a limited impact on the chip maker. And Meta settles a defamation lawsuit. Meanwhile, its new AI team is now called TBD Lab. Julie Chang hosts.
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No, China is not banning bitcoin mining again.
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Welcome back to The Mining Pod! Today, Will, Colin, and Matt touch on Bitcoin’s hashrate hitting an all-time high of 972 EH/s, Trump's proposed 100% semiconductor tariffs, false Chinabitcoin mining ban rumors, MicroStrategy's 2.5x NAV share issuance rule, and tracking down a $3.5B mining pool heist (now worth $14.5B!) four years later.
**Notes:**
• Hash rate reaches 972 EH/s all-time high
• 1.4% difficulty adjustment expected
• Hash price at $58 per PH/day
• 100% semiconductor tariff proposed
• China controls 13-14% of network hash
• $3.5B mining pool heist now worth $14.5B
Timestamps:
00:00 Start
02:36 Difficulty Report by Luxor
07:41 Tariffs... again
13:59 No, China is not banning bitcoin mining again
21:56 MSTR will no longer issue equity under 2.5x mNAV
33:25 Cry Corner: Mining pool heist
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You might be able to before too long. Tax-protected retirement savings may soon allow riskier assets to be included in 401(k)s or 403(b)s, such as cryptocurrency accounts or private-equity investments. The gears for this were set in motion by presidential order yesterday, though the changes won't happen immediately. We'll learn more. And later in the program, we'll explore how tariffs are shaping business for both a Switzerland-based generic drugmaker and a Portland, Oregon-based building contractor.
Israel approves a plan to occupy Gaza City. Trump's Ukraine deadline. PA troopers ambushed. CBS News Correspondent Steve Kathan has today's World News Roundup.
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From the BBC World Service: The pharmaceutical industry is still waiting to see what duties they’ll be hit with, but pharma giant Sandoz, based in Switzerland, says the duties won't get them to move manufacturing to the U.S. Then, President Donald Trump called for the boss of U.S. chipmaker Intel to resign. And, the Congolese government is in the spotlight for spending massive amounts of money to sponsor some of the world's biggest soccer teams.
We take an expansive look at how much the Israeli justice system is holding its war machine to account. The results are so far unpromising. The idea, popular on social media, of “job-hopping” to ratchet up pay is looking ever less wise. And a look back on the life of Father Patrick Ryan, unrepentant improver of the IRA’s bombs.
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Plus: Ukrainian President Volodymyr Zelensky defends his right to participate in possible peace talks with Vladimir Putin and President Trump. And, a shake-up to 401(k) investing could allow Americans to put their pensions in crypto. Azhar Sukri hosts.
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Sitting Bull is remembered for strong leadership and resistance against the U.S. government, but a series of songs by and about him reveal another side to the renowned Lakota leader. Courtney Yellow Fat (Standing Rock Sioux Tribe) has been sifting through oral and written history to identify the songs that are known to the tribe, but only recently attributed to Sitting Bull. Yellow Fat and others are recording those songs through the Densmore/Lakota Songs Repatriation Project.
(Photo: KUYI radio)
And Hopi radio station KUYI is marking 25 years on the air. The celebration comes amid new uncertainty about the future of many public and tribal radio stations. We’ll talk with the station manager about the milestone for the station and the role community radio plays for Hopi citizens.
GUESTS
Courtney Yellow Fat (Hunkpapa Lakota), chief cultural consultant and co-producer with the Densmore/Lakota Songs Repatriation Project
John Eagleshield Jr. (Hunkpapa Lakota), singer
Samantha Honani Molina (Hopi), KUYI general manager
Break 1 Music: Fearless I Live by Chief Sitting Bull (song) Courtney Yellow Fat (artist)
Break 2 Music: I Am the Beginning and the End (song) Dorothy Tsatoke (artist) Native American Healing Songs Come to me Great Mystery (album)