Restaking is “inevitable” but the risks are still uncertain — ether.fi CEO
Restaking yields are still mostly speculative, according to Mike Silagadze speaking at the Blockchain Futurist Conference. Go to Source
Cryptocurrencies
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Hive Digital sales up 36% as Bitcoin miner forays into AI compute
Hive’s new high-performance computing platform clocked around $2.6 million in sales in the second quarter of 2024. Go to Source
Grayscale launches investment fund for MakerDAO token
Grayscale also launched funds for protocols Bittensor and Sui in August. Go to Source
Bitcoin needs to breach $70K, ETH $4K, for altseason start: Arthur Hayes
Solana price could also rally above $250, catalyzed by the incoming altcoin season, according to Hayes. Go to Source
Bitdeer clocks 50% gross profit jump amid Bitcoin mining ramp up
The Bitcoin miner reported a net loss of $17.7 million in the second quarter of 2024 despite hashrate growth. Go to Source
US Democrats are ‘increasingly gravitating towards crypto’ — Poll
A poll of 804 self-identified Democrats suggested a majority favored some of the core values surrounding digital assets, as well as the US leading the world on innovation. Go to Source
Bitcoin price dip may retest $55K before next leg up
Based on Wednesday’s upcoming CPI reading, Bitcoin lost a key trend line when it fell under $63,000, but it could still be on track to recover. Go to Source
Bitcoin miner Argo repays $35M Galaxy bailout loan
The loan saved Argo from bankruptcy during the crypto winter of 2022. Go to Source
Tech giants losing momentum as AI progress disappoints investors
The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus. Go to Source
IRS updates draft of crypto reporting form for US taxpayers
The latest draft form eliminated asking US taxpayers the time of day a crypto transaction occurred and identifying the “broker type.” Go to Source
