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The largest bitcoin miner in May sold 63% of the $BTC mined after the halving of $BTC
Mining company Marathon Digital has sold 63% of all the bitcoins (BTC) it has mined since the halving that occurred in late April.
At the end of May, Marathon had $290.4 million in cash and cash equivalents on its balance sheet.
This large volume of BTC sales stood out against the performance of other miners. Riot Platforms, for example, reported no BTC sales in May, while it mined 215 bitcoins. CleanSpark mined 417 BTC last month, but sold only a small fraction of that - just 2.43 BTC.
Miners have been adjusting their activities since the latest bitcoin halving, in which the reward for mining BTC is cut in half every 210,000 blocks, or roughly every four years. The most recent cut occurred on April 20, reducing miners' rewards from 6.25 BTC to 3.125 BTC per mined block.
“We mitigated the impact of the April halving by increasing the number of blocks mined, resulting in 616 bitcoins, which represents a decline of only 27%,” said Fred Thiel, chairman and CEO of Marathon Digital.
Marathon Digital mined 170 blocks in May 2024, a 32% increase from April. Bitcoin miners are looking to improve their technical capabilities and efficiency to remain competitive in the face of shrinking rewards. CleanSpark, for example, is said to be “very active in mergers and acquisitions.” The company plans to close its recently acquired Wyoming branches in the coming weeks while it looks for “additional opportunities.”
Meanwhile, Marathon is exploring overseas expansion opportunities. The company recently announced a partnership with the Republic of Kenya's Ministry of Energy and Petroleum to optimize renewable energy projects across the country. Another move includes a pilot project in Paraguay to optimize its energy mix.
“We aim to generate 50 per cent of our revenue from abroad by 2028,” Thiel noted.
Bitcoin miners can help optimize the energy infrastructure by acting as a flexible load that stabilizes the grid.
Mining company Marathon Digital has sold 63% of all the bitcoins (BTC) it has mined since the halving that occurred in late April.
At the end of May, Marathon had $290.4 million in cash and cash equivalents on its balance sheet.
This large volume of BTC sales stood out against the performance of other miners. Riot Platforms, for example, reported no BTC sales in May, while it mined 215 bitcoins. CleanSpark mined 417 BTC last month, but sold only a small fraction of that - just 2.43 BTC.
Miners have been adjusting their activities since the latest bitcoin halving, in which the reward for mining BTC is cut in half every 210,000 blocks, or roughly every four years. The most recent cut occurred on April 20, reducing miners' rewards from 6.25 BTC to 3.125 BTC per mined block.
“We mitigated the impact of the April halving by increasing the number of blocks mined, resulting in 616 bitcoins, which represents a decline of only 27%,” said Fred Thiel, chairman and CEO of Marathon Digital.
Marathon Digital mined 170 blocks in May 2024, a 32% increase from April. Bitcoin miners are looking to improve their technical capabilities and efficiency to remain competitive in the face of shrinking rewards. CleanSpark, for example, is said to be “very active in mergers and acquisitions.” The company plans to close its recently acquired Wyoming branches in the coming weeks while it looks for “additional opportunities.”
Meanwhile, Marathon is exploring overseas expansion opportunities. The company recently announced a partnership with the Republic of Kenya's Ministry of Energy and Petroleum to optimize renewable energy projects across the country. Another move includes a pilot project in Paraguay to optimize its energy mix.
“We aim to generate 50 per cent of our revenue from abroad by 2028,” Thiel noted.
Bitcoin miners can help optimize the energy infrastructure by acting as a flexible load that stabilizes the grid.
TON partners with Tether to introduce USDT Tether and the TON Foundation have announced a partnership whose main goal is to make USDT stablecoin available to every user The issuer of the market's most popular steiblcoin and the non-profit organization behind the development of The Open Network (TON) have planned more than 100 integrations for wider USDT adoption on TON. TON is for everyone According to the press release, the business development teams of Tether and the TON Foundation are playing a major role in the project. They are the ones negotiating with local partners and communities around the world. Various payment projects from Africa, Southeast Asia, Europe, the Middle East and Latin America have already joined the platforms. In the coming weeks and months, TON Foundation will announce collaborations with new cryptocurrency exchanges. Through these partnerships, the nonprofit organization wants to provide users with even more opportunities to access and trade Toncoin (TON) and USDT on the TON blockchain. In the announcement, the representatives noted that anyone can contribute to the successful rollout of the integrations. To do so, one needs to stay up to date with updates and utilize USDT on TON with blockchain partners.
"The integration of USDT on TON with over 100 local partners marks an important milestone in our journey to global adoption. With a dedicated team, strategic partnerships, and a community-centered approach, our primary goal in building TON is to change the Web3 landscape. Together, we can make USDT available to every wallet, creating a future where blockchain technology is accessible to everyone,” the statement said.
Tether included TON among its supported networks in April this year. The decision is in line with the broader strategy of the project, which is increasingly adopting blockchain technology through messenger Telegram. The latter recently switched to paying for advertising in Toncoin. Earlier, the Tonkeeper cryptocurrency wallet, originally created for TON, added “gas-free” payments in USDT.
"The integration of USDT on TON with over 100 local partners marks an important milestone in our journey to global adoption. With a dedicated team, strategic partnerships, and a community-centered approach, our primary goal in building TON is to change the Web3 landscape. Together, we can make USDT available to every wallet, creating a future where blockchain technology is accessible to everyone,” the statement said.
Tether included TON among its supported networks in April this year. The decision is in line with the broader strategy of the project, which is increasingly adopting blockchain technology through messenger Telegram. The latter recently switched to paying for advertising in Toncoin. Earlier, the Tonkeeper cryptocurrency wallet, originally created for TON, added “gas-free” payments in USDT.
gm
gm
REMINDER: Most celebrity coins go to 0 most of the time so please remember to do your own research before investing
#DYOR
#DYOR
The U.S. Debt continues to grow
In April, the U.S. national debt reached a new record of $34.6 trillion. Over just four years, the total debt has increased by 47%, or $11 trillion. As a result, each U.S. taxpayer now bears $267,000 in federal debt.
If current trends continue, the U.S. debt could double in just eight years, rising from $20 trillion in 2017 to $40 trillion by 2025. If the Federal Reserve keeps interest rates unchanged, the cost of servicing this debt could reach $1.6 trillion by the end of the year.
$BTC is the solution.
In April, the U.S. national debt reached a new record of $34.6 trillion. Over just four years, the total debt has increased by 47%, or $11 trillion. As a result, each U.S. taxpayer now bears $267,000 in federal debt.
If current trends continue, the U.S. debt could double in just eight years, rising from $20 trillion in 2017 to $40 trillion by 2025. If the Federal Reserve keeps interest rates unchanged, the cost of servicing this debt could reach $1.6 trillion by the end of the year.
$BTC is the solution.
#BinanceEarn is the best way to enhance your portfolio
Don't forget those new coins listed on #Launchpool and #Megadrop , which provides early exposure.
$BB is a good example
Also, #Web3Wallet air drops are the best opportunities for early entry, #Binance provides
Don't forget those new coins listed on #Launchpool and #Megadrop , which provides early exposure.
$BB is a good example
Also, #Web3Wallet air drops are the best opportunities for early entry, #Binance provides
## What Is Binance Earn and How to Use It?
#### Overview of Binance Earn
Binance Earn is a comprehensive platform designed to help you grow your crypto holdings effortlessly. It offers a variety of products including Simple Earn, Launchpool, BNB Vault, and more, to maximize your earnings.
### How to Use Binance Earn
1. Log In to Your Binance Account
- Navigate to [Finance] -> [Earn] to explore the available products.
2. Choose Your Earnings Type
- Binance Earn provides two types of earnings: Protected and High Yield.
### Protected Earnings
Ideal for beginners, these products offer stable yields and return your principal upon redemption or at the end of the locking period.
#### 1.1 Simple Earn
- Flexible Products: Earn daily interest with the option to redeem your assets anytime.
- Locked Products: Earn higher returns by locking your assets for a fixed period. Note that early withdrawals result in loss of accrued rewards.
#### 1.2 Launchpool
Stake your crypto assets in DeFi projects to earn new tokens. Rewards are distributed hourly and you can withdraw your assets anytime.
#### 1.3 BNB Vault
A capital-guaranteed product that maximizes yields from various opportunities within the Binance ecosystem by investing your BNB in both centralized and decentralized finance products.
#### 1.4 ETH Staking
Stake Ethereum with as little as 0.1 ETH. Binance covers validator expenses and on-chain risks, distributing rewards to users.
### High Yield Earnings
These products offer higher returns with corresponding risks. Always conduct your own research before investing.
#### 2.1 DeFi Staking
Participate in decentralized finance projects through Binance without managing private keys or trading. Note that funds are locked for a fixed period and early withdrawals may forfeit rewards.
#### 2.2 Dual Investment
Deposit one cryptocurrency and earn yield based on two assets. Earnings depend on market movements, providing potential for higher returns based on asset performance. Early redemption is not allowed.
#### 2.3 Binance Liquid Swap
Provide liquidity to pools and earn high returns. Enjoy low slippage and handling fees when swapping cryptocurrencies. Removing assets or swapping single assets may incur fees.
### Get Started
Ready to start earning passive income with your crypto? Log in to Binance, navigate to [Finance] -> [Earn], and explore the products available today!
#EarnFreeCrypto2024 #BinanceEarn #BinanceLaunchpool #MicroStrategy #orocryptotrends $BTC $ETH $BNB
Binance Earn is a comprehensive platform designed to help you grow your crypto holdings effortlessly. It offers a variety of products including Simple Earn, Launchpool, BNB Vault, and more, to maximize your earnings.
### How to Use Binance Earn
1. Log In to Your Binance Account
- Navigate to [Finance] -> [Earn] to explore the available products.
2. Choose Your Earnings Type
- Binance Earn provides two types of earnings: Protected and High Yield.
### Protected Earnings
Ideal for beginners, these products offer stable yields and return your principal upon redemption or at the end of the locking period.
#### 1.1 Simple Earn
- Flexible Products: Earn daily interest with the option to redeem your assets anytime.
- Locked Products: Earn higher returns by locking your assets for a fixed period. Note that early withdrawals result in loss of accrued rewards.
#### 1.2 Launchpool
Stake your crypto assets in DeFi projects to earn new tokens. Rewards are distributed hourly and you can withdraw your assets anytime.
#### 1.3 BNB Vault
A capital-guaranteed product that maximizes yields from various opportunities within the Binance ecosystem by investing your BNB in both centralized and decentralized finance products.
#### 1.4 ETH Staking
Stake Ethereum with as little as 0.1 ETH. Binance covers validator expenses and on-chain risks, distributing rewards to users.
### High Yield Earnings
These products offer higher returns with corresponding risks. Always conduct your own research before investing.
#### 2.1 DeFi Staking
Participate in decentralized finance projects through Binance without managing private keys or trading. Note that funds are locked for a fixed period and early withdrawals may forfeit rewards.
#### 2.2 Dual Investment
Deposit one cryptocurrency and earn yield based on two assets. Earnings depend on market movements, providing potential for higher returns based on asset performance. Early redemption is not allowed.
#### 2.3 Binance Liquid Swap
Provide liquidity to pools and earn high returns. Enjoy low slippage and handling fees when swapping cryptocurrencies. Removing assets or swapping single assets may incur fees.
### Get Started
Ready to start earning passive income with your crypto? Log in to Binance, navigate to [Finance] -> [Earn], and explore the products available today!
#EarnFreeCrypto2024 #BinanceEarn #BinanceLaunchpool #MicroStrategy #orocryptotrends $BTC $ETH $BNB
See original
$SHIB ✊️✊️✊️
Crypto Web3 Today
--
Bullish
3 Key Things to Expect From Shiba Inu (SHIB) This Week.
Shiba Inu (SHIB) is starting this new week with a rather clean slate, with a major reset in some of the token's key growth metrics. The price of Shiba Inu is up 0.98% in the past 24 hours to $0.00002487, per data from CoinMarketCap. This mild rebound is coming after a disturbing drawdown over the weekend.
The primary goal for Shiba Inu investors remains to breach the $0.00003 price mark, with the first key catalyst to help achieve this being the burn rate.
Over the past few months, the burn rate has served as a major interest indicator in the community. At the time of writing, data from Shibburn pegs the current burn rate at 164.94% to 7,128,803 SHIB. Though the amount of SHIB burned daily is small, it does not negate the impact, which is that users believe in the project and are doing everything they can to shrink its supply.
Second, the retail sentiment on the market needs to be properly checked this week. If the token must meet the expected price mark, its volume needs to stay elevated all week long. At the moment, the daily trading volume is down by 4.12% to $363,490,960. How this adjusts over the coming days might prove pivotal to driving its growth.
Finally, SHIB whale activities are also pivotal in driving a multiweek growth record. Shiba Inu whales are currently in hi bernation mode, as data from Into TheBlock shows a 36.96% slump in this metric overnight. With this rate, only about $29.93 million were traded in 24 hours, a figure that pales in comparison to coins like Dogecoin, with $1.16 billion in whale traded volume.
The influence of Shibarium and other initiatives and partnerships within the Shiba Inu ecosystem might also help revert prices to its previously bullish path.
Shiba Inu (SHIB) is starting this new week with a rather clean slate, with a major reset in some of the token's key growth metrics. The price of Shiba Inu is up 0.98% in the past 24 hours to $0.00002487, per data from CoinMarketCap. This mild rebound is coming after a disturbing drawdown over the weekend.
The primary goal for Shiba Inu investors remains to breach the $0.00003 price mark, with the first key catalyst to help achieve this being the burn rate.
Over the past few months, the burn rate has served as a major interest indicator in the community. At the time of writing, data from Shibburn pegs the current burn rate at 164.94% to 7,128,803 SHIB. Though the amount of SHIB burned daily is small, it does not negate the impact, which is that users believe in the project and are doing everything they can to shrink its supply.
Second, the retail sentiment on the market needs to be properly checked this week. If the token must meet the expected price mark, its volume needs to stay elevated all week long. At the moment, the daily trading volume is down by 4.12% to $363,490,960. How this adjusts over the coming days might prove pivotal to driving its growth.
Finally, SHIB whale activities are also pivotal in driving a multiweek growth record. Shiba Inu whales are currently in hi bernation mode, as data from Into TheBlock shows a 36.96% slump in this metric overnight. With this rate, only about $29.93 million were traded in 24 hours, a figure that pales in comparison to coins like Dogecoin, with $1.16 billion in whale traded volume.
The influence of Shibarium and other initiatives and partnerships within the Shiba Inu ecosystem might also help revert prices to its previously bullish path.
$BNB volt = saving account
koinmilyoner
--
Bullish
Price of BNB coin expected to surpass $700 after recent spike
The price of BNB has risen 5% to $614 at the moment, and there's a good chance it may go up to $700 soon. If BNB capitalises on the optimistic market attitude, crypto experts say it might go much higher.
Most market watchers agree that June will be a banner month for BNB, leading to new all-time highs.
Released at the outset as a central coin, BNB initially served to bolster Binance's cryptocurrency exchange. The coin's journey from its start in 2017 has been everything but straight line. Since then, it has been in charge of a plethora of tasks, such as facilitating BNB currency transactions on Binance at lower pricing for consumers.
In June, the price of BNB is predicted to rise significantly. It seems to be happening at the same time as Bitcoin's surge, which hit the $70,000 milestone.
It is probable that it will rise by 19.54% and reach $735.81, as per the BNB prediction. Looking at it from every possible angle, one gets the impression that things are looking up. In the previous month, BNB's price has risen by 47%.
The positive and negative aspects of the coin are both used in these BNB forecasts. The result might be a 6.05% increase in the market price of BNB, which could reach $652.81.
It would seem that the whole crypto ecosystem is having a very optimistic year. Bitcoin and BNB broke all price restrictions, and it reflects on all altcoins. Assuming these factors hold, BNB price might reach $1,025 by year's end.
#BinanceLaunchpool #BNB #altcoins #Binance $BNB
The price of BNB has risen 5% to $614 at the moment, and there's a good chance it may go up to $700 soon. If BNB capitalises on the optimistic market attitude, crypto experts say it might go much higher.
Most market watchers agree that June will be a banner month for BNB, leading to new all-time highs.
Released at the outset as a central coin, BNB initially served to bolster Binance's cryptocurrency exchange. The coin's journey from its start in 2017 has been everything but straight line. Since then, it has been in charge of a plethora of tasks, such as facilitating BNB currency transactions on Binance at lower pricing for consumers.
In June, the price of BNB is predicted to rise significantly. It seems to be happening at the same time as Bitcoin's surge, which hit the $70,000 milestone.
It is probable that it will rise by 19.54% and reach $735.81, as per the BNB prediction. Looking at it from every possible angle, one gets the impression that things are looking up. In the previous month, BNB's price has risen by 47%.
The positive and negative aspects of the coin are both used in these BNB forecasts. The result might be a 6.05% increase in the market price of BNB, which could reach $652.81.
It would seem that the whole crypto ecosystem is having a very optimistic year. Bitcoin and BNB broke all price restrictions, and it reflects on all altcoins. Assuming these factors hold, BNB price might reach $1,025 by year's end.
#BinanceLaunchpool #BNB #altcoins #Binance $BNB
❗️Polymarket forecast has Trump’s advantage growing to 17% over Biden to win the 2024 #USAElection
#Write2Earn!
#Write2Earn!
Nancy Pelosi Earns Over $2,500,000 from Nvidia Trade
Nancy Pelosi has already made a profit of over $2,500,000 from her deal with Nvidia. She bought shares right before they began to rise sharply, earning a 110% return since the purchase. This profit is equivalent to 14 of her annual salaries.
#Bitcoin❗ is the future
Nancy Pelosi has already made a profit of over $2,500,000 from her deal with Nvidia. She bought shares right before they began to rise sharply, earning a 110% return since the purchase. This profit is equivalent to 14 of her annual salaries.
#Bitcoin❗ is the future
Elon Musk's xAI valued at $24 billion after fresh funding
(Reuters) -Elon Musk's AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race.
The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital, the company said in a blog post on Sunday.
The company's pre-money valuation was $18 billion, Musk said in a post on X.
The money will be used to take xAI's first products to market, build advanced infrastructure and accelerate research and development of future technologies, xAI said.
"There will be more to announce in the coming weeks," Musk said in another X post, in response to the announcement of the funding.
Companies like Microsoft (NASDAQ:MSFT) backed OpenAI and Alphabet (NASDAQ:GOOGL)'s are among those leading the fierce race for generative AI dominance, driving significant investments and innovation in the rapidly evolving landscape.
#Write2Earn!
(Reuters) -Elon Musk's AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race.
The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital, the company said in a blog post on Sunday.
The company's pre-money valuation was $18 billion, Musk said in a post on X.
The money will be used to take xAI's first products to market, build advanced infrastructure and accelerate research and development of future technologies, xAI said.
"There will be more to announce in the coming weeks," Musk said in another X post, in response to the announcement of the funding.
Companies like Microsoft (NASDAQ:MSFT) backed OpenAI and Alphabet (NASDAQ:GOOGL)'s are among those leading the fierce race for generative AI dominance, driving significant investments and innovation in the rapidly evolving landscape.
#Write2Earn!