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5% of US voters identify as single-issue crypto voters — Paradigm poll According to Paradigm, 20% of individuals surveyed indicated that they currently hold or have previously purchased crypto. image *A breakdown of single-issue crypto voters by demographic. Source: Paradigm*
Florida CFO wants Bitcoin to be included in state pension funds Florida’s elected chief financial officer and fire marshal Jimmy Patronis says his letter follows Donald Trump’s plans for a national stockpile of Bitcoin. image
The US dollar doesn’t need to collapse for BTC to reach $200K — Bitwise exec If Bitcoin matures as a store-of-value asset and governments continue to debase their fiat currencies, its price will surge well into six-figure territory, predicts Bitwise chief investment officer Matt Hougan. image
Bitcoin Miner HIVE Poised to Double Its Hashrate by Next Year, Cantor Says Initiating Stock at 'Overweight' The broker said the miner's growth isn't priced-in and initiated coverage of the miner with $9 price target. image
Grayscale’s Bitcoin, Ether 'mini’ ETFs pulled $750M in first 3 months The "mini" trusts spun off from Grayscale's legacy Bitcoin and Ether funds in July. Grayscale’s newest Bitcoin and Ether exchange-traded funds (ETFs) pulled more than $750 million in net inflows, the company reported on Oct. 29. image *Grayscale’s crypto ETFs. Source: Grayscale*
Bitcoin miners cut costs, embrace AI post-halving: CoinShares Miners including Cormint and TeraWulf are among the lowest-cost producers of Bitcoin, an important advantage amid tightening margins, CoinShares said. image
Bitcoin ETFs Score $479M in Inflows as Blackrock Surpasses 400,000 BTC. Monday’s spot crypto exchange-traded fund (ETF) data shows bitcoin (BTC) ETFs reeling in positive inflows of $479.35 million, while ether (ETH) ETFs experienced a slight decline. image
Stacks Asia partners with HEX Trust for $180B Bitcoin DeFi opportunity The partnership could enhance the “financial utility of Bitcoin for our institutional clients,” wrote Calvin Shen, the chief commercial officer at Hex Trust. image *Hex Trust partners with Stacks Asia. Source: Stacks*
Bhutan gov’t moves $66M of Bitcoin stash to Binance as price tops $71K Bhutan holds another $886 million worth of Bitcoin, which could introduce more selling pressure, as the country has been mining and holding Bitcoin for over five years. image *Bhutan government-labeled wallet outflows. Source: Arkham Intelligence*
Strategic Diversification in Bitcoin Mining and HPC - Bit Digital (BTBT) Analysis. Bit Digital is strategically navigating the post-halving era, opting for HPC opportunities instead of expanding hash rate at any cost. With a focus on generating predictable revenue, could BTBT emerge as the next dark horse among Bitcoin mining stocks?
Blackrock to Vote on Microsoft's Bitcoin Move — BTC Treasury Strategy in Focus. Blackrock’s significant stake in Microsoft could sway the tech giant’s potential decision on adding bitcoin to its corporate reserves, signaling a shift in mainstream crypto adoption. image
Bitcoin headed for ‘perfect storm’ to new all-time high — Bitfinex Bitfinex analysts say Bitcoin could reach an all-time high after the US election, with market conditions forming a “perfect storm” for a major price push. image *Bitcoin has rallied nearly 5% in the last 24 hours. Source: CoinGekco*
Bitcoin ETFs could soon cross 1M BTC as traders expect November tailwinds Spot Bitcoin ETFs will need to make an average of $301 million in net inflows per day to get it done this week. image
Metaplanet becomes Asia’s second-largest corporate Bitcoin holder Metaplanet’s latest Bitcoin purchase makes it the second-largest corporate Bitcoin holder in Asia behind Boyaa Interactive International, which holds 1,100 BTC. image *Largest corporate Bitcoin holders across the globe. Source: BitcoinTreasuries *
Bitcoin mining stocks rocket 24% on macro climate, AI play: Analyst Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said. image *Daily change in share price of the top 10 largest Bitcoin miners by market cap. Source: Companies Market Cap*
Emory University holds $15M in Bitcoin ETFs: Filing It’s the first United States university endowment to report holding Bitcoin ETFs, according to Bloomberg. image
Republican seeking to unseat Sherrod Brown said he sold all his Bitcoin The Defend American Jobs political action committee has spent more than $40 million on media buys supporting businessman Bernie Moreno’s Senate run. image
Bitcoin hits $70K as ETF inflows continue to grow Bitcoin has topped $70,000, its highest price since June after US-based ETFs surpassed total joint lifetime net inflows of over $22 billion. image *Bitcoin’s change in price over the 24 hours. Source: TradingView*
Tether CEO Breaks Down $9.45B in BTC and Gold Reserves, but It’s Only Part of the Picture. At the Plan ₿ Forum in Lugano, Switzerland, Tether CEO Paolo Ardoino gave an insight into the financial reserves of Tether, disclosing that the stablecoin heavyweight holds 82,454 BTC and 48.3 tons of gold. image *Image source: Uquid CEO Tran Hung*
The Race to the Zettahash Era: Bitcoin’s Hashrate Breaks New Records. On Friday, Oct. 25, 2024, Bitcoin’s network hashrate climbed to a new all-time high, reaching 736.81 exahash per second (EH/s)—a milestone unmatched in the network’s history. image *Source: Seven-day hashrate from hashrateindex.com.*