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Texas Eyes Bitcoin Miners For Grid Stability Amid Soaring Power Demand
June 13, 2024
The Electricity Reliability Council of Texas (ERCOT) is exploring the integration of Bitcoin Bitcoin miners as Controllable Load Resources (CLRs) to enhance grid stability, in response to rising power demand. …
Read moreMicroStrategy Announces $500M Convertible Notes Offering to Expand Bitcoin Holdings
June 13, 2024
MicroStrategy has revealed plans to issue $500 million in convertible senior notes by 2032, marking another significant step in its aggressive Bitcoin investment strategy.This new offering, aimed at qualified institutional …
Read morePaxos Reduces Workforce By 20% Amid Robust Financial Health
June 13, 2024
Stablecoin issuer Paxos has announced a significant reduction in its workforce, cutting 20% of its employees despite reporting strong financial performance and optimistic future growth projections in the stablecoin market, …
Read moreCurve Founder Michael Egorov Faces Mass Liquidation Amid CRV Price Crash
June 13, 2024
Michael Egorov, the founder of Curve Finance, confronted a severe financial blow earlier today as the Curve DAO Token (CRV) plunged to its lowest historical value of $0.219, triggering significant …
Read moreUS Court Issues Final Judgment Against Terraform Labs, Imposes $4.5 Billion in Fines
June 13, 2024
The US District Court for the Southern District of New York has issued a final judgment against Terraform Labs and its co-founder Do Kwon in a high-profile case filed by …
Read moreBitcoin Surges Past $69k Following Positive US CPI Report
June 12, 2024
Bitcoin's price has soared past $69,000 following the release of the latest US Consumer Price Index (CPI) data for May. The CPI showed a slight decline, which exceeded experts' predictions …
Read moreBitcoin ETF Outflows Hit $200 Million Ahead Of FOMC Meeting
June 12, 2024
US spot Bitcoin exchange-traded funds (ETFs) experienced significant outflows for the second consecutive day this week, following the end of their 19-day inflow streak on June 10. According to data …
Read moreDonald Trump Advocates for US Dominated Bitcoin Mining
June 12, 2024
In a recent push for a stronger domestic presence in the cryptocurrency sector, former President Donald Trump has advocated for more Bitcoin (BTC) to be mined within the United States. …
Read moreBitcoin ETFs Record $65 Million Net Outflows, Breaking 19-Day Inflow Streak
June 12, 2024
The Bitcoin market witnessed a significant shift as Bitcoin ETFs recorded net outflows of $65 million, ending a 19-day streak of inflows. Grayscale’s GBTC led the outflow trend, experiencing net …
Read moreMeme Sector Experiences Severe Sell-off Amid GameStop's Extending Losses
June 11, 2024
The meme sector, closely tied to the fortunes of retail favorite GameStop, has experienced a significant downturn. One of the most notable casualties is a Solana-based meme parody, which saw …
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