Colorado-based @RiotPlatforms acquires Kentucky’s Block Mining for $92.5M, boosting operational capacity by 16 EH/s. The deal includes $18.5M cash and $74M in stock. Despite the expansion, $RIOT shares fell 5.3% to $11.59. #BitcoinMining #Update
Spot $ETH ETFs launched on July 23, hitting $1.1B in first-day trading. BlackRock’s $ETHA accounted for 25% of $IBIT’s volume. Despite high activity, $ETH dipped 1%. Analysts foresee a rally if $ETH breaks $3,730. This could challenge $BTC’s dominance. #CryptoNews
Swan Bitcoin (@SwanBitcoin) halts its Bitcoin mining operations and cancels IPO plans due to lack of near-term profits, announces CEO Cory Klippsten. The firm will also cut staff and focus on sustainable growth. This marks a significant shift in the crypto industry. #Update
Veteran trader Peter Brandt predicts a sharp decline in the US dollar’s value, advocating Bitcoin ($BTC) as a safer alternative. Prominent figures like @elonmusk and Robert Kiyosaki echo this sentiment, highlighting the growing shift to cryptocurrencies amid fiscal concerns. #Update
Europol reports Bitcoin remains the top cryptocurrency for crime, often swapped for stablecoins like Tether ($USDT). Monero’s ($XMR) anonymity features rise in popularity among cybercriminals. Law enforcement uses stablecoin blacklisting to freeze illicit funds. #Update
Kraken begins distributing Bitcoin from the Mt. Gox Trustee, providing relief to creditors nearly 10 years post-hack. Reports indicate crypto balances visible on Kraken. Concerns rise over brute force attacks on accounts. #Bitcoin $BTC #Update
Peter Schiff warns of a new threat to $BTC as Spot $ETH ETFs begin trading in the U.S., potentially shifting market dynamics. Rapid uptake noted with $461M trading volume in the first 90 minutes. BTC at $66K (down 2%), ETH at $3,412 (down 1.4%). #crypto
Bitcoin layer-2 startup Bitlayer raises $11M in Series A led by @FTI_US and ABCDE, boosting total funding to $16M. Funds will expand their Web3 platform, supporting protocols and smart contracts on the Bitcoin network. #Update #CryptoNews
Foundry launches Foundry Donate, letting U.S. miners give part of their Bitcoin to blockchain devs. Starting 2024, miners can support Brink and OpenSats. Foundry and Core Scientific have pledged 0.2 BTC and 1 BTC, respectively. #Bitcoin #Update
Cryptocurrency exchange @OKX will delist over 30 trading pairs tied to $BTC and $ETH starting July 25 to optimize liquidity. Affected pairs include $LTC/ETH and $MATIC/BTC. Users must cancel active orders to avoid automatic cancellations. #CryptoNews
Spot Bitcoin ETFs in the U.S. saw $533.6M inflows on July 22, the highest since June 4. Fidelity @WiseOrigin, Invesco @GalaxyFund, and Franklin recorded positive inflows, while @VanEck saw outflows of $38.4M. Bitcoin price fell 1.3% to $66,650. #Update
BlackRock’s Bitcoin ETF ($IBIT) saw a record $526.7M inflow on July 22, 2024, marking its highest since March. Other crypto funds, FBTC and BTCO, also gained, while VanEck’s HODL ETF lost $38.37M. This surge underscores growing crypto adoption. #Update
Bitcoin firm @SwanBitcoin suspends its mining operations and delays IPO plans amid market volatility. This strategic pause highlights the challenges in the crypto industry and may prompt other firms to reassess their strategies. #Update #CryptoNews
Mt Gox has moved $2.8B in Bitcoin ($BTC) as part of its creditor repayment plan. The transfers, totaling 47,697 BTC, indicate preparations for repayments. This comes ahead of the Spot Ethereum ETFs launch, sparking market speculation. Current holdings: 90,344 BTC (~$6B). #CryptoNews
