US PCE inflation steady at 2.5%, sparking optimism for potential Bitcoin ($BTC) and altcoin rally. Stable inflation may lead to favorable conditions as @FederalReserve could ease monetary policy, boosting market liquidity and risk appetite.
Solo miner earns 3.27 BTC ($199,094) on August 29, 2024, with 456 PH/s equipment. Block included 2391 transactions, processed by Solo CK Pool, which solved 14 blocks in a year, earning 59.3 BTC. Energy cost: $250,000.
$IREN reports a record $184.1M revenue in 2024, a 144% increase. Plans to double computing power and expand AI cloud services. Commits to renewable energy for Bitcoin mining.
Ethereum ETFs attract $5.84M inflows as $BTC ETFs see $105.19M outflows on Aug 28, 2024. Hong Kong market shows no movements in both. Shifting investor sentiment may favor Ethereum’s DeFi and smart contract potential. @Ethereum @Bitcoin
US PCE inflation for July is forecasted to hit 2.6%, potentially leading the Fed to reconsider September rate cuts. This could put significant selling pressure on $BTC and $ETH, with billions in crypto options set to expire.
Bitcoin mining difficulty increased by 2.99% to 89.47 T on August 28, 2024, with the hash rate rising to 743.28 EH/s. Next adjustment expected on September 11, 2024, could signal further trends. $BTC #cryptocurrency
Bitcoin’s selloff in Asia drops $BTC below $58,000, triggering $320M in liquidations. Market cap falls to $2.06T amid macro uncertainties. Binance denies asset seizure claims. Watch for potential rebound if Bitcoin surpasses $63,000.
Future of Bitcoin 2024 Conference in Antwerp: Key figures like @TuurDemeester and @lopp to speak. With panels, workshops, and networking, this pivotal event on Oct 5, 2024, aims to boost Belgium’s crypto industry, despite lacking local exchanges.
Fed rate cuts may weaken the U.S. Dollar, hitting a 13-year low against the Swiss franc. Peter Schiff criticizes the move, while Bitcoin ($BTC) could surge as a hedge against inflation and centralized financial instability.
Hilbert Group partners with @XapoBank to launch a $200M Bitcoin hedge fund in September 2024. Investors can earn Bitcoin returns through structured credit deals. Fees: 2% management, 20% performance. This signals growing institutional interest in cryptocurrency.
Bitcoin mining is seeing a wave of mergers and acquisitions, with $SDIG merging with $BITF and $RIOT planning to acquire $BITF. Block’s new mining chip could decentralize the industry, making it more accessible to smaller players.
BlackRock’s $IBIT ETF inflows hit $224M, driving Bitcoin’s price to $70K. Other ETFs like Franklin Templeton’s EZBC saw moderate gains, while Fidelity’s FBTC faced outflows. Hong Kong’s Bitcoin ETF AUM surged to $2.2B, boosting sentiment.
BlackRock ($BLK) adds 4,000 Bitcoin ETF ($IBIT) shares to its Strategic Global Bond Fund, boosting its crypto holdings to $22.14B. This move highlights rising institutional interest in Bitcoin, nearing the $60K mark, and growing demand for regulated crypto products.
Semler Scientific invests $5M to acquire 83 BTC, increasing its total Bitcoin holdings to 1012 BTC, valued at $68M. Bitcoin is now their primary treasury reserve, signaling rising institutional interest in cryptocurrencies.
