Bitcoin Mining Stocks Rebound, Gains May Fade
Bitcoin mining stocks rebounded Wednesday with $RIOT and $MARA shares up over 1%. Gains of 1.5%+ were seen in $CLSK, $IREN, $CORZ, and $WULF as Bitcoin prices rose from $53,520 to $59,390. #Update
Bitcoin News
Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Bitcoin, XRP Surge Before Major US Crypto Events
Bitcoin ($BTC) and XRP ($XRP) are in focus as the U.S. Senate Committee and Rep. Ro Khanna’s roundtable discuss future crypto regulations today. With the CFTC Chair and Ripple’s CEO participating, Bitcoin is up nearly 2% ($58,510.62) and XRP at $0.4417. #CryptoRegulations
Nomic, Osmosis Eliminate BTC Bridging Fees
Nomic and @osmosiszone partner to waive Bitcoin bridging fees after a DAO vote with 99.6% approval. This move aims to boost $BTC liquidity on Osmosis. #CryptoNews #BTC
Bitcoin Loss: Malaysia Faces $755M Illegal Mining Crisis
Malaysia’s largest electricity utility, @Tenaga_Nasional, reports $755M losses from illegal Bitcoin mining since 2018, impacting the energy sector and potentially leading to tariff hikes. Authorities seized $500K in equipment. #BitcoinMining #Update
BlackRock Bitcoin ETF Attracts $5B Advisor
Northwest Capital Management invested $1,775 in $BLK Bitcoin ETF, acquiring 52 units in Q2 2024. City State Bank and the Bank of New Hampshire also invested. The ETF saw 2134 BTC inflows on July 9, pushing prices near $59K. Institutional adoption of Bitcoin ETFs is rising. #Update
BlackRock’s IBIT ETF Holds $18B in Bitcoin
BlackRock’s IBIT ETF holds $18B in BTC, with $121M inflows on July 9. Spot BTC ETFs saw $216.4M inflows Tuesday, sustaining bullish momentum. Bitcoin hit $59.4K intraday high. #CryptoMarket #BTC
Bitcoin ETFs Drive $295M US Capital Inflow
On July 8, 2024, U.S. spot Bitcoin ETFs saw a $294.9M influx. BlackRock’s IBIT fund led with $187.21M, followed by Fidelity’s FBTC at $61.54M and Grayscale at $25.08M. This surge reflects growing investor confidence in #cryptocurrencies. #Update
Bitcoin Inscription Protests German Tax Policies
Bitcoin user sends on-chain message to German govt, calling taxes “robbery,” as over 50% of seized BTC is sold on exchanges like $COIN, $BTS, and $KRKN. Prices dip but recover 2.1% in 24 hours. TRON’s @justinsuntron offers to buy the BTC directly. #CryptoNews
Bitcoin Surges After Powell’s Testimony
Federal Reserve Chair Powell’s testimony has driven Bitcoin ($BTC) up 2.99% to $57,453.86, marking a recovery after recent sell-offs. Altcoins like Ethereum ($ETH) also gained 3.45%, with Solana, $PEPE, $DOGE, $TRON, $BONK, and $SHIB up 1.60%-10.35%. #CryptoNews #Update
Bitcoin Threat: 190K BTC Chinese Seizure Impact
China seizes 190K $BTC, 830K $ETH, and 27.24M $EOS from the PlusToken scam. This follows Germany’s liquidation of 50K $BTC. Both actions add pressure on the crypto market, raising concerns about stability. #CryptoNews
Bitcoin Resilient Amid Germany’s $362M Exchange Deposit
Germany’s government moved 6,306.9 BTC worth $362M to entities like @krakenfx, after seizing 50,000 BTC from Movie2k. Despite this, $BTC stayed above $57K. Exchanges returned over $300M in BTC, highlighting crypto asset management challenges. #Update
Bitcoin Miner Hut 8 Expands with New Texas Site
Bitcoin miner @Hut8Mining secures a 205MW power deal in West Texas, boosting capacity to 1.3GW. This milestone, backed by $150M from Coatue, aims to support Bitcoin mining and AI. #Bitcoin #Update
Bitcoin ETFs Dropped: Singapore Exchange Decision
SGX CEO Loh Boon Chye confirms no Bitcoin or crypto ETF listings on $SGX due to current market conditions, diverging from global trends in Hong Kong, the U.S., and Australia. Future listings may occur as the ecosystem evolves. Focus remains on Asian derivatives and global REIT listings. #Update
Bitcoin ETFs Gain Iowa Bank Investment
City State Bank has invested in Bitcoin ($BTC) ETFs from BlackRock and Grayscale, as disclosed in their July 8, 2024, 13F filing. This follows Bank of New Hampshire’s similar move, marking a growing trend of institutional adoption of crypto assets. #CryptoNews