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💰 Cleanspark’s $27.5M expansion to boost Bitcoin mining power by 22%
CleanSpark is set to acquire seven Bitcoin mining sites in Tennessee, along with associated properties, for $27.5 million, according to a Sept. 11 statement. The miner stated that these facilities have a combined power capacity of 85 megawatts (MW), which means the deal equates to about $324,000 per MW.
Source
/channel/Bitcoin_Crypto_Signals
💰 Unisat-backed Fractal Bitcoin goes live on mainnet, taps into BTC core code for scaling solution
Fractal Bitcoin, a highly anticipated Bitcoin scaling solution backed by wallet provider Unisat, has launched its mainnet today, introducing a scaling solution that operates directly on the Bitcoin Core codebase. Fractal Bitcoin claims to be the only Bitcoin scaling solution that uses the core code itself. It aims to differentiate itself from other Bitcoin sidechains and purported Layer 2 solutions by focusing on Bitcoin-native constructs rather than Ethereum Virtual Machine (EVM) compatibility.
Source
/channel/Bitcoin_Crypto_Signals
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🏦 Coinbase to face shareholder lawsuit over SEC risks, judge rules
A federal judge has rejected Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders, Reuters reported Sept. 6. The lawsuit accuses the largest US crypto exchange of downplaying the likelihood of being sued by the US Securities and Exchange Commission (SEC).
Source
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🇺🇸 US prosecutors argue FTX's Ryan Salame’s guilty plea didn’t stop investigation into partner
U.S. prosecutors say they did not breach a plea agreement made with former FTX executive Ryan Salame and did not make any promises about future indictments against his partner, Michelle Bond, in the latest court filing. Salame accused the government last month of misconduct and asked for a New York court to either dismiss any indictment of Bond for campaign finance violations or, if not, vacate his conviction judgment.
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🪙 Ethereum’s network revenue plunges by 99%, sparking ‘death spiral’ concerns
Ethereum’s layer-1 network has witnessed a drastic decline in revenue, plummeting by 99% since March 2024. Data from Token Terminal reveals that network revenue peaked at over $35 million on March 5. However, by Sept. 2, daily revenue had plunged to a yearly low of around $200,000. Market observers attribute this decline to the growth of layer-2 (L2) networks and the March Dencun upgrade, which reduced fees for L2 transactions and reshaped Ethereum’s revenue structure.
Source
/channel/Bitcoin_Crypto_Signals
💰 QCP Capital highlights ether's 'significant' underperformance compared to bitcoin in August
QCP Capital analysts emphasized ether's significant underperformance relative to bitcoin in August and cautioned that September might bring additional declines. "Bitcoin ended August down 8.6%. We started the month with the 'Bank of Japan crash' and bitcoin was never able to recover above $65,000. Ethereum performance in August was significantly poorer, down 22.2% in August on the back of alleged selling by Jump Trading," QCP Capital analysts said.
Source
/channel/Bitcoin_Crypto_Signals
💰 Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates
Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that while inflation may negatively impact some businesses, it would benefit bitcoin due to its fixed supply and deflationary nature.
Source
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💰 Bitcoin volatility likely to ease as market anticipates Fed rate cuts, says QCP Capital
Bitcoin price volatility is expected to decline as market participants prepare for the potential start of a rate-cutting cycle by the U.S. Federal Reserve next month. "In the lead-up to next week’s U.S. non-farm payroll report, we expect market volatility to continue its downtrend as the market positions itself for potential rate cuts by the Fed." QCP Capital analysts said.
Source
/channel/Bitcoin_Crypto_Signals
🇺🇸 Trump to announce plan to make US 'crypto capital of the planet'
Former President Donald Trump took to X to say he would be unveiling a plan on Thursday that will help position the U.S. as the leader in crypto. The Republican nominee for president also tagged World Liberty Financial in his post, a DeFi project that his sons have promoted. "This afternoon I'm laying out my plan to ensure that the United States will be the crypto capital of the planet," Trump said in the post, which ends with the appearance of the World Liberty Financial logo.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin options highlight bullish sentiment towards $90,000 by September
Bitcoin, approximately $3.6 billion of notional value is set to expire, with a total open interest of 60,316 BTC. The put-to-call ratio stands at 0.61, indicating a somewhat bullish sentiment. Specifically, there is 37,477 BTC in call open interest compared to 22,839 BTC in put open interest, with the max pain price positioned at $61,000. This price level, close to Bitcoin’s current trading value of around $60,000, suggests that many traders are positioning for stability or a slight upward movement in the short term.
Source
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🥇 Bitcoin likely to stay in tight trading range amid market uncertainty: QCP Capital
Optimism for bitcoin has increased since Fed Chair Jerome Powell's Jackson Hole speech last Friday, but derivatives data indicates lingering market hesitation, according to analysts. "While the move higher in the bitcoin price has been decisive since Fed Chair Jerome Powell's speech, the [implied volatilities] are indicating hesitation in the market, as front-end vols have drifted lower," QCP Capital analysts said. They added that bitcoin is likely to continue trading within a tight range of $62,000 to $67,000 in the near term.
Source
/channel/Bitcoin_Crypto_Signals
💰 Solana daily transaction fees drop to multi-month low as memecoin hype cools
The total daily transaction fees paid on the Solana blockchain, measured in U.S. dollars, have fallen to a level not observed since early May 2024. On Monday, daily transaction fees on Solana dropped to $639,000 — representing a 65% decrease from this month's peak of $1.83 million on August 8 and an 87% decline from the all-time high of $5.08 million on March 18, according to The Block's Data Dashboard.
Source
/channel/Bitcoin_Crypto_Signals
🏦 Crypto Exchange Gate.io Secures Sponsorship Deal With Italian Soccer Giant Inter Milan
Crypto exchange Gate.io has secured a sleeve sponsorship deal with Inter Milan, the reigning Italian champions. Gate.io’s logo will be displayed on both men’s and women’s team jerseys. Both parties see this collaboration as a chance to connect with their respective communities and explore opportunities at the intersection of football and cryptocurrency.
Source
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🥇 Bitcoin addresses with non-zero balances climb over 50 million in 2024
Bitcoin’s number of addresses with a non-zero balance has seen a steady increase in 2024. After a dip in early January, the total number of unique addresses began to recover around March, with notable growth from May through September — now nearing 53.2 million. Despite fluctuations in price, which has dropped from around $70,000 to under $60,000 since March, user activity has maintained upward momentum.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin’s Hashrate Reaches 692 EH/s, Nearing 700 EH/s Milestone
After breaking the July 25, 2024 record on Saturday, Sept. 7, Bitcoin’s hashrate has kept climbing, now reaching an impressive 692.28 exahash per second (EH/s) on Sept. 8, which is more than 13 EH/s above the previous level. On Sunday, Sept. 8, 2024, Bitcoin’s total hashrate spiked to an impressive 692.28 EH/s, edging ever closer to the 700 EH/s milestone. This marks yet another all-time high for Bitcoin’s network this week.
Source
/channel/Bitcoin_Crypto_Signals
🚀 Join the Ultimate Crypto Meme Channel! 🚀
Are you tired of the serious side of crypto? 🧠
💼 Need a daily dose of laughter to lighten up your trading day? 😂💸
Look no further!
Our Crypto Meme Channel is here to brighten your day with the funniest, most relatable, and fresh-off-the-blockchain memes! 🤖🔥
👉 Why Join Us?
💥 Hilarious Memes Daily - Guaranteed to make you LOL!
💥 Relatable Content - For every HODLer, trader, and crypto enthusiast!
💥 The Best Way to Survive the Market - With laughter and a strong meme game!
🔗 Join Now and become part of the funniest crypto community on Telegram!
Let’s turn the volatility into hilarity together! 🎉
HODL tight and get ready to ROFL! See you inside! 🤣 🚀
/channel/Bitcoin_Crypto_Memes
🪙 Ethereum Foundation to release financial report, holds roughly $650 million in main wallet: Justin Drake
The Ethereum Foundation will release a financial report “relatively soon,” as the foundation’s spending has recently been a burning issue among the community. In an ask-me-anything (AMA) on the r/ethereum subreddit, Justin Drake, an Ethereum researcher, wrote under the nickname “bobthesponge1” that the foundation is preparing to publish a financial report similar to one released in April 2022.
Source
/channel/Bitcoin_Crypto_Signals
🪙 Ethereum CME futures trading volume hits 9-month low in August
Chicago Mercantile Exchange (CME) Ethereum futures volume dwindled to a multi-month low in August, according to The Block's data. Aggregated monthly trading volumes of CME Ethereum futures for the month of August were $20.8 billion, according to The Block's Data Dashboard. The trading volumes, estimated in dollar terms, show a 31% decline from July's $30.5 billion. According to The Block's data, August's trading volume was a low not seen since November 2023.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitfarms mines 233 BTC in August as Riot pens open letter in takeover saga
Bitcoin miner Bitfarms reported generating 233 BTC ($13.9 million) in August, as its operational hashrate grew 2% month over month to 11.3 EH/s. However, despite Bitfarms’ hashrate increase, the bitcoins it earned in August represent an 8% drop on July’s 253 BTC, which the firm attributed to higher average network difficulty levels during the month. Bitfarms’ August generation fell 39% year-over-year following the impact of the halving event on miners’ revenues in April and with network hashrate near all-time highs.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin leads $305 million outflows as strong US economic data hits crypto
Crypto investment products faced significant outflows last week, totaling $305 million, as negative sentiment spread across various providers and regions, according to CoinShares‘ latest weekly report. James Butterfill, CoinShares’ head of research, attributed these outflows to stronger-than-expected US economic data. He noted that this data “diminished the likelihood of a 50-basis point interest rate cut.”
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin network’s maturing phase reflected in post-halving fee stability
Bitcoin transaction fees have exhibited fluctuating patterns since the beginning of 2024, with notable spikes around significant events. The most prominent surge occurred in April, correlating with the Bitcoin halving event. This period saw transaction fees spike briefly to over 1,200 BTC, highlighting the network’s increased demand during this critical period.
Source
/channel/Bitcoin_Crypto_Signals
🥇 Bitcoin still underperforming stocks since early August deleveraging event: Coinbase
Bitcoin has not performed as well as U.S. stocks and other macro assets over the past few weeks following the widespread deleveraging in early August. On Monday, Aug. 4, the cryptocurrency market shed approximately $367 billion in value within a 24-hour period. This selloff coincided with a broader decline in equities in one of the worst days for risk assets since the "Black Monday" crash of 1987.
Source
/channel/Bitcoin_Crypto_Signals
🟠 Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds
The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices. He called for a boycott of Binance and supported platforms that prioritize user privacy and autonomy.
Source
/channel/Bitcoin_Crypto_Signals
⚪️ Crypto.com Adds Paypal as Payment Option in US for Crypto Purchases
Crypto trading platform Crypto.com has integrated Paypal as a payment method for U.S. users to buy cryptocurrencies, enabling transfers between Paypal and Crypto.com wallets. “Further integrating traditional and digital payment capabilities is critical to the continued mainstreaming of cryptocurrencies,” said Crypto.com’s president.
Source
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💰 Bitwise Bitcoin ETF to acquire the assets from Osprey Bitcoin Trust
Osprey Bitcoin Trust (OBTC) sponsor Osprey Funds has entered an agreement with the Bitwise Bitcoin ETF (BITB) and Bitwise Asset Management, in which BITB will acquire all of the OBTC fund's assets. The move comes after Osprey noted that it was considering a potential sale or merger with a bitcoin ETF amid other strategic maneuvers in March of this year. Osprey had until Sept. 1, 2024, to complete the sale or merger, or else it would have liquidated OBTC.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin likely to stay in tight trading range amid market uncertainty: QCP Capital
Optimism for bitcoin has increased since Fed Chair Jerome Powell's Jackson Hole speech last Friday, but derivatives data indicates lingering market hesitation, according to analysts. "While the move higher in the bitcoin price has been decisive since Fed Chair Jerome Powell's speech, the [implied volatilities] are indicating hesitation in the market, as front-end vols have drifted lower," QCP Capital analysts said. They added that bitcoin is likely to continue trading within a tight range of $62,000 to $67,000 in the near term.
Source
/channel/Bitcoin_Crypto_Signals
🪙 Ethereum and Blockchain to Be Included in High School Curricula in Argentina
ETH Kipu Foundation, an organization focused on supporting and developing the Ethereum ecosystem in Latam, has partnered with the Ministry of Education of the City of Buenos Aires in Argentina to include Ethereum and blockchain as part of high school curricula. Additionally, these two institutions are working to develop an online Solidity course to train young adults to code Ethereum apps.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin ETFs Soar With $252M Influx, Ether ETFs Experience Another Day of Losses
Spot bitcoin ETFs achieved their highest inflow since late July, with the 12 funds collectively pulling in $252 million on Friday. Leading the charge, Blackrock’s IBIT added $86.83 million to its coffers, bringing its total net inflows since Jan. 11, 2024, to an impressive $20.71 billion. Fidelity’s FBTC followed, gathering $64 million, while Grayscale’s Mini Bitcoin Trust absorbed $50.83 million.
Source
/channel/Bitcoin_Crypto_Signals