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Another one? Satoshi’s identity to be revealed Oct. 31, claims PR firm A public relations firm claims Satoshi Nakamoto will reveal their “legal identity” at an upcoming press conference, but spelling gaffes, broken links, and AI-generated press releases have raised eyebrows. image *Events platform “Meetup” shows the “Meet Satoshi” group has 103 members. Source: MeetUp*
MicroStrategy to raise $42B to buy Bitcoin in ‘21/21 plan’ Crypto commentators are “bullish” on MicroStrategy’s plan, predicting it will propel the company ahead of not just other public firms but countries too. image
Riot revenue rises 65% from 2023 but says hashrate plans hampered Riot has reduced its hashrate projections due to delays in expansion at its recently acquired Kentucky facility. image *Riot hash rate growth projections. Source: Riot Platforms*
Reddit offloads most of its Bitcoin, Ether holdings The bulk of Reddit’s cryptocurrency sales came from Bitcoin and Ether holdings, with the company reporting that gains from transactions were insignificant. image *Reddit's consolidated statements of cash flows in thousands. Source: SEC*
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