Key points: Bitcoin is on track for one of its worst October performances since 2013. Previous bull market years offered a minimum of 40% gains. The Federal Reserve may offer a last-minute reprieve at next week’s meeting. Bitcoin (BTC) “Uptober” hangs in the balance as price threatens to print the first “red” October since 2018.…
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United States Representative Maxine Waters strongly criticized US President Donald Trump for his decision to pardon Binance founder and former CEO Changpeng “CZ” Zhao. Trump pardoned Zhao on Thursday, saying people told him “what he did is not even a crime.” Waters, the top Democrat on the House Committee on Financial Services, hit back later…
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The US Secretary of Energy has urged the Federal Energy Regulatory Commission (FERC) to write new rules that will make it faster for large electricity consumers, such as AI data centers and Bitcoin mining operations, to directly connect to the power grid. In a letter released on Thursday, US Energy Secretary Chris Wright asked the…
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A “Satoshi-era” Bitcoin wallet with $442 million worth of BTC has become the latest sleeping Bitcoin giant to wake, shifting some of its funds for the first time in 14 years. The unknown owner of the wallet made most of its stash mining 4,000 Bitcoin (BTC) between April and June 2009, only a few months…
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Tom Lee points to the stock market’s steep drawdowns, despite strong progress in recent times, as a sign that Bitcoin could still see 50% declines in the future. Source link
Bitcoin has not escaped its volatile nature and could still lose as much as half of its value under certain circumstances, BitMine chair Tom Lee warned. “I’m sure there will be 50% drawdowns,” Lee said during an interview published on Thursday with crypto entrepreneur Anthony Pompliano. There has been an increasing number of market participants…
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A solo Bitcoin miner has become the latest lucky person to win the “Bitcoin mining lottery,” pocketing a $347,455 block reward. Bitcoin node infrastructure company Umbrel said the solo miner won the block via the Public Pool Bitcoin mining pool, earning the 3.125 Bitcoin (BTC) block reward and a 0.016 BTC transaction fee on top.…
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A solo Bitcoin miner has beaten the odds to mine an entire block alone — earning $347,000 in rewards and showcasing the network’s decentralized spirit. Source link
Polymarket bettors have now tipped a 12% chance that former FTX CEO Sam Bankman-Fried will be pardoned this year, after Binance CEO Changpeng “CZ” Zhao was let off the hook this week. Polymarket odds for “Who will Trump pardon in 2025” saw SBF’s odds rise from 5.6% to 12% in 12 hours, with more than…
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Bitcoin options open interest reached a record $63 billion, with bullish strike prices at $120,000 to $140,000 dominating. Source link