"Nobody who ever gave his best regretted it."
–George Halas
Powered by Wubits - better than X because it's real people, real connections, and real conversations.
READ
It's Frriiddaayyy Folks! Bitcoin is trading at $64,143 up from yesterday at $63,816 and down from $65,015 a week ago. So it appears the halving was priced in. Bitcoin continues to look week hear and with options expiring today, all bets off on what it will do.
JUST IN: World's largest custodian bank, BNY Mellon, reports exposure to Bitcoin ETFs.(2)
CURRENT NEWS
Metaplanet, a publicly-listed Japanese company providing hotel-related and other services, has announced the purchase of ¥1 billion (approximately $6.25 million) worth of Bitcoin. In addition, a crypto whales transfered $1.3B to Coinbase.(2)
Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s; price follows hashrate as Max Keiser would say. Maksim Balashevich, Santiment CEO, stresses caution for Bitcoin investors post-halving and Crypto whales often start selling early, while smaller holders buy or hold; he discusses complex Bitcoin market dynamics, post the halving.
Bitcoin’s daily transactions reach new record high asthe Bitcoin network surpassed 926,000 daily transactions, driven by a growing interest in Runes. 'Epic sat' mined from fourth Bitcoin halving block sells for $2.1M.(2) Runes are offering a significant lifeline for Bitcoin miners as the transaction fees are the “wild card” for Bitcoin miners, with the current increase representing a crucial revenue boost for BTC miners, according to TeraWulf’s CEO, Nazar Khan. Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s.(2)
SEC alleges Geosyn Mining defrauded investors out of $5.6 million, misusing funds for personal expenses and Geosyn executives fabricated contracts, exaggerated profits, and failed to operate mining as promised; the firm promised high returns on Bitcoin mining, instead, faced bankruptcy amid fraud accusations.(2)
WATCH
LISTEN
Podcast of the Day: The System You Give Your Energy To - Jeff Booth | SLP
TIME MACHINE
A month ago, the overwhelming demand for Bitcoin spot ETFs over the past two months is likely to continue for many years, predicts Bitwise CIO Matt Hougan; Inflows could eclipse $1T(5) and they entered the race for Ethereum Spot ETF.(2)
A few weeks ago, Ethereum could still avoid being labeled a security; bullish on the ETF approval, says JP Morgan(4) and USDe is already backed by Ether, Ether-based liquid staking tokens and Tether, but Ethena says Bitcoin will provide more “safe” and “robust” product for USDe token holders.(4)
A couple weeks ago, Grayscale GBTC records lowest daily net outflow as BTC price rises.(4)
Last week, New release of Bitcoin Core, software client for BTC node, includes number of performance, networking and P2P changes.
Yesterday, SEC is seeking to regulate $ETH as a security, Consensys alleges in lawsuit.(6)
