Check out the key news over the past day in U.Today’s news digest!

According to Bitcoin Magazine Pro, the 7-day average mining hash rate for Bitcoin has hit a new all-time high, surpassing 667 exahashes per second (EH/s) on July 26th during the Bitcoin 2024 conference. This tops the previous record of 657 EH/s set on May 26th. This new all time high comes as Donald Trump announced […]

CleanSpark (NASDAQ: CLSK), the second biggest Bitcoin (BTC) producer on Wall Street by market capitalization, announced today (Thursday) the execution of 75 megawatts (MW) of power contracts and the acquisition of its first Bitcoin mining site in Wyoming. This move marks an expansion of the company’s operations into a third US state. CleanSpark Expands Bitcoin […]

United States Senator Cynthia Lummis has introduced new legislation aiming to establish Bitcoin as a strategic asset for the federal government.

BlockDAG’s Presale Skyrockets as CEO Antony Turner & Team are Revealed: Is It Time for BTC & INJ Holders to Switch? With a staggering 18.77% decline, Injective (INJ) holders grapple with market uncertainty, sparking a debate on its future prospects. Conversely, Bitcoin remains steady, maintaining its support level at $66K amidst economic uncertainties. Amidst these […]

Amid the continuous blend of bulls and bears from Bitcoin in recent months, Trading Guru Peter Brandt has shared in his latest post a worrisome pattern observed on the Bitcoin price chart. According to Brandt, Bitcoin appears to be on a downward trend. The legendary trader said in a recent post on Elon Musk’s social […]

Morpho Labs has raised $50 million from over 40 investors, including Ribbit Capital, which also invests in Revolut, NuBank, Coinbase, Robinhood, Mercado Libre, Figure, and Uniswap.

Tether has reported over US$5B in net profits, mostly thanks to investment in yield-bearing assets like US Treasury Bills. The company has more US debt than Germany, with over US$97B. While it dominates the US market, Tether has had issues in Europe as the company hasn’t been able to secure licenses and comply with the […]

Following the Bitcoin2024 conference, Bitwise CIO Matt Hougan has issued a bold call to crypto investors, urging them to rethink BTC’s potential upside. According to Hougan, the market is “not bullish enough” about the flagship cryptocurrency, and recent developments at the conference have highlighted a shift that could impact Bitcoin’s future value. Political Figures Support […]

U.S. Senator Cynthia Lummis has officially introduced the BITCOIN Act in the Senate, aiming to establish a strategic bitcoin reserve as an additional store of value to strengthen America’s balance sheet. The initiative seeks to position the U.S. as a leader in financial innovation by proposing the purchase of 1 million bitcoins and ensuring robust […]

Powell has stated that a rate cut could be on the table as soon as the next meeting

Explore Kraken Labs: labs.kraken.com We’re thrilled to unveil Kraken Labs, initially launching as a suite of five interactive data visualization modules created by staff designer Benno Gerrit Wissing. These experiments leverage both Kraken-derived and onchain data to explore the limitless possibilities of crypto data visualization, ranging from highly exploratory and abstract 3D real-time data visualizations […]

Futu Securities, Hong Kong’s biggest online brokerage with over 3.5 million customers, has launched retail Bitcoin trading on its platform. As per South China Morning Post, users can now directly buy and sell Bitcoin and ether using Hong Kong or US dollars.  JUST IN: 🇭🇰 Hong Kong’s largest online broker Futu has launched #Bitcoin and […]

Staking is the process of locking up your cryptocurrency in a wallet to support a blockchain network's activities. As a reward, you receive additional …

The BNB Smart Chain (BSC) experienced a mixed performance in the second quarter (Q2) of the year as the broader cryptocurrency market cooled off after a strong price surge in March. While BNB, the native token of the BSC, remained mostly flat, down 5% quarter-over-quarter (QoQ), the network’s key metrics showed both positive and negative […]

International migration may spike in the future due to geopolitical instability, financial collapse or changes to the climate.

New data from crypto analytics firm Kaiko reveals that traders are flocking toward bullish Bitcoin (BTC) bets for the upcoming presidential election. In a new paper, the Kaiko team finds that derivatives traders are placing tens of millions of dollars worth of bullish BTC bets on crypto options exchange Deribit’s new election contracts. “Options traders […]

BlockDAG Achieves $63.9M in Presale, Led by Ex-SPIRIT Blockchain Leader Antony Turner; Updates on NEAR Liquidation & Bittensor Recent trends in Near Protocol liquidation highlight a bleak scenario as its value has fallen to $5.94, reflecting a 5% decline over the last week. This downturn defies traders’ expectations of a market rally. Meanwhile, Bittensor (TAO) […]

During a private event at Bitcoin 2024, Carlson shared the stage with Donald Trump Jr. to discuss several topics, including politics, money, and cryptocurrency. The author joked about the identity behind Satoshi Nakamoto, stating that “obviously it was the CIA” who created Bitcoin. Ultimately, Carlson believes it doesn’t matter who did – BTC is still […]

Bitcoin ETF inflows slow and Ethereum ETF outflows continue from Grayscale.  US holds interest rates overnight at 5.50% Altcoins analysis: ETH and SOL The last seven days have been quite eventful for the digital assets space, from US presidential nominees promising to build strategic Bitcoin holdings to seeing prices break briefly above $70,000. ETF Flows […]

Jan Nieuwenhuijs, a gold analyst specializing in Chinese markets, alleges that China has continued to secretly buy gold without reporting it to the market, benefiting from a price cool-off. Nieuwenhuijs states that the strategy of the PBOC is to purchase gold through UK bullion banks, which goes unreported by using non-traditional bank conduits. Report Alleges […]

Bitcoin bulls worried as trading legend Peter Brandt shares new price outlook

Bitcoin has experienced enormous growth in the past fifteen years since its inception, and with that has come numerous monumental shifts in the culture of the overall ecosystem, as well as the smaller individual communities that make it up. This is obviously something to be expected as the network grew from a tiny niche thing […]

[PRESS RELEASE – Zug, Switzerland, August 1st, 2024] StarChain, a pioneering crypto platform dedicated to democratizing scientific data, is launching a $10 million presale to fund the open-beta rollout of its innovative blockchain ecosystem. This initiative aims to revolutionize data accessibility, validation, and collaboration in scientific research. “Our mission is to break down barriers in […]

As Kansas Reflector reported, Crypto Colo Center Corp. wanted to construct cryptocurrency mining centers just north of McLouth. That plan, however, …

DuelNow is the latest in a string of Web3 gambling venture deals amid surging activity on Polymarket.

Jay Clayton, the former Chair of the U.S. Securities and Exchange Commission (SEC), says successful crypto adoption is forcing regulators to draw up policies in support of the technology. In a new interview on CNBC television, Clayton argues that regulators are having to come to terms with the fact that digital assets like stablecoins are […]

Analysts at the investment management giant VanEck think Bitcoin’s price (BTC) could skyrocket to $2.9 million by 2050. For that to happen, BTC will need to become a key part of the international monetary system, according to Matthew Sigel, VanEck’s head of digital assets research, and Patrick Bush, a senior investment analyst at the firm. […]

On-chain data shows Ethereum has been observing high exchange outflows recently, but a development related to Tether (USDT) may be a bearish obstacle for the market. Ethereum And Tether Both Have Seen Withdrawals From Exchanges Recently As explained by the on-chain analytics firm Santiment in a new post on X, the market is ending July […]

TL;DR Ripple’s Move: Ripple has introduced U.S. Treasury bills on the XRP Ledger via the OpenEden tokenization platform. These short-term debt obligations, backed by the U.S. government, represent a significant step in the crypto industry. Tokenizing Real-World Assets: Ripple’s senior vice president, Markus Infanger, highlights the potential of tokenizing real-world assets. Institutions are actively exploring […]

TL;DR Telegram’s In-App Browser for Decentralized Websites: Telegram, the popular instant messaging platform, has introduced an in-app browser that grants access to decentralized websites. TON Sites and Mini App Store: Telegram’s TON blockchain will host the decentralized websites, known as “TON Sites.” Users can seamlessly access these sites across both mobile and desktop apps. Crypto […]

After the most awaited launch of Ethereum ETFs, the investors faced an unexpected disappointment due to lower interest in the ETF market and a failure of the ETH price to show a bull run. Grayscale dumped more than 1.7 billion from its Ethereum Trust (ETHE) due to increasing competition from other 8 players in the […]