Winter Storm
NBA postpones two games amid severe winter storm
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The NBA has postponed Sunday's games between the Denver Nuggets and Memphis Grizzlies, and the Dallas Mavericks and Milwaukee Bucks, due to a massive winter storm creating hazardous travel conditions across the United States. Both decisions were made hours before tipoff as snow, sleet, and ice disrupted flights and roads. Rescheduled dates have not been announced.
A severe winter storm in the United States has caused Bitcoin's network hashrate to fall by about 12% since November 11, the largest drop since 2021. Major mining operations curtailed activities to protect infrastructure and meet grid demands, leading to sharp declines in production and revenue. This disruption marks one of the toughest periods for miners in years, amid falling Bitcoin prices.
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The Senate Agriculture Committee has postponed its markup hearing on a crypto market structure bill from Tuesday to Thursday due to a severe winter storm affecting the East Coast. The delay allows lawmakers time to return to Washington amid disrupted travel. The hearing will involve debates and votes on amendments to the bill defining CFTC oversight of crypto markets.