Crypto mixer Bitcoin Fog founder receives 12.5-year prison sentence Bitfog founder Roman Sterlingov has been sentenced to 12.5 years in prison and forced to “pay a forfeiture money judgment” of around $395.5 million. [Source](https://cointelegraph.com/news/crypto-mixer-bitcoin-fog-roman-sterlingov-founder-prison-sentence-united-states-doj)

Coinbase wrapped Bitcoin deploys on Solana, aimed at growing DeFi market The deployment will allow users to utilize Bitcoin in Solana’s burgeoning DeFi ecosystem, according to Coinbase. [Source](https://cointelegraph.com/news/coinbase-wrapped-bitcoin-launches-on-solana)

US Bitcoin ETFs notch second-largest daily outflow on eve of election The 11 US spot Bitcoin ETFs recorded a net outflow of $541.1 million for Nov. 4, their second-largest outflow day in history. [Source](https://cointelegraph.com/news/us-bitcoin-etf-outflows-second-highest-amid-election)

Stablecoin supply alone won't pump Bitcoin markets — Ki Young Ju Stablecoins are now primarily used to store value in countries with rapidly depreciating fiat currencies or prohibitive capital controls. [Source](https://cointelegraph.com/news/stablecoin-volume-alone-won-t-pump-bitcoin-markets-ki-young-ju)

Bitcoin mining bans may lead to 'unintended consequences' for environment Researchers argue that “not all Bitcoin mining is equal” across countries, suggesting that bans in certain nations may cause more harm than good on a global scale. [Source](https://cointelegraph.com/news/bitcoin-mining-bans-consequences-worldwide-emissions-carbon-footprint)

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. *Events platform “Meetup” shows the “Meet Satoshi” group has 103 members. Source: MeetUp*

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.

we will continue to become stronger and stronger . — This is a comment on: https://yakihonne.com/flash-news/

MicroStrategy announces third debt offering of 2024, plans to raise $700M The proceeds will be used to pay off $500 million in existing debt and to purchase more Bitcoin. MicroStrategy currently holds 244,800 BTC.

Bukele advisers said BTC adoption was ‘complete PR move’ — TIME reporter. According to a TIME Magazine correspondent, El Salvador President Nayib Bukele used Bitcoin to “change the narrative” on the country’s international perception.

Bitcoin in ‘seasonal slog’ with slim chance of short-term price catalysts: NYDIG. “Potential upcoming near-term catalysts for Bitcoin are sparse at the moment,” says NYDIG head of research Greg Cipolaro. Bitcoin investors should brace themselves for a “seasonal slog” in September, with the month historically providing the worst average returns, says Bitcoin financial services platform NYDIG. *September’s mean monthly losses for Bitcoin since 2011 stand at -5.9%. Source: NYDIG *

Bitcoin ETFs need time to be ‘instrument of adoption’ — Bianco Research CEO. Bianco Research CEO Jim Bianco says the next Bitcoin halving in 2028 and significant development of on-chain tools are needed for wider ETF adoption.

Venezuelan Opposition Leader Proposes Establishing a Bitcoin Reserve. Maria Corina Machado, head of the political coalition that contests the victory of Nicolas Maduro in Venezuela, has proposed establishing a bitcoin reserve for the country. Machado stated that bitcoin represented a lifeline for many Venezuelans, that protected their wealth from rampant hyperinflation and announced a bitcoin donation campaign to help them in their democratic struggle.

Scientific paper argues Bitcoin mining can reduce methane emissions According to a United Nations report, Methane gas runoff is “80 times more harmful than CO2 for 20 years after it is released.” A new peer-reviewed scientific paper, titled An integrated landfill gas-to-energy and Bitcoin mining framework, appearing in the Aug. 29 edition of the Journal of Cleaner Production, demonstrated how Bitcoin mining could reduce methane emissions. *A breakdown of the energy chain resulting from LFGTE. Source: Science Direct*

Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits. With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made in July. A combination of bitcoin’s price fluctuations and reduced onchain fees has left miners in a much tighter spot.

US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon. United States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakamoto's estimated stash.

Bitcoin as a US reserve asset is ‘great for price’ but poses significant risks — Charles Hoskinson. While a strategic Bitcoin reserve may be good for price action, the US Treasury controlling 19% of the BTC supply raises unprecedented centralization concerns.

‘Definitely some movement’ on Bitcoin ETF options as CBOE re-files application. CBOE has filed an updated 44-page rule change proposal “with more meat,” which could be good news for those hoping for options trading on spot Bitcoin ETFs.

MicroStrategy stock set to gain 30% if BTC hits $150K in 2025 — Analyst. The valuation assumes continued aggressive Bitcoin buying by MicroStrategy. Shares of MicroStrategy are set for 30% gains if Bitcoin BTCtickers down$61,736 climbs to $150,000 by the end of 2025, according to an Aug. 2 analyst report shared with Cointelegraph.

University of Wyoming launches Bitcoin Research Institute. The Bitcoin Research Institute will open in August as part of the University of Wyoming’s College of Arts and Sciences.