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CleanSpark’s $155 million acquisition of GRIID Infrastructure highlights Bitcoin miner’s struggles
CleanSpark’s $155 million acquisition of GRIID Infrastructure highlights Bitcoin miner’s struggles

Share link:In this post: CleanSpark has acquired rival miner GRIID Infrastructure for $155 million. The acquisition highlights the consolidation happening the Bitcoin mining sector as miners struggle. BTC hashrate now down to lowest since March, signalling miners capitulation.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation w

Cryptopolitan·2024/06/27 19:25
Spot Ethereum ETFs Could Launch Next Week, Minor Issues Remain: Report
Spot Ethereum ETFs Could Launch Next Week, Minor Issues Remain: Report

Approval of spot Ethereum ETFs is likely “not more than a week or two away.”

Cryptopotato·2024/06/27 19:04
Flash
  • 23:03
    Cryptocurrency outperforms Nasdaq, BTC becomes "safe haven asset" in the US market
    Analysts believe that as $5 trillion in market value evaporates from U.S. stocks, Bitcoin is leading the cryptocurrency market to rise against the trend, significantly outperforming the Nasdaq index. CoinDesk analysis points out that as global funds seek havens outside traditional stock markets, BTC is being viewed by some investors as a "hedge tool isolated from the U.S. market". Mainstream currencies such as ETH are also rising in sync, with total crypto market value rebounding by more than $80 billion in a single day. Market observers believe this reflects a weakening correlation between digital assets and traditional risk assets.
  • 23:03
    Former US Treasury Secretary Summers posts a picture: After Trump's tariffs, the two-day drop in US stocks is the fourth largest since World War II
    After Trump announced comprehensive tariffs, the US stock market fell by a cumulative 10.5% over two trading days. Former US Treasury Secretary Summers posted on X on Saturday that since World War II, only during the 1987 stock disaster (26.4%), the 2008 financial crisis (12.4%), and the outbreak of COVID-19 (13.9%) has the S&P 500 index performed worse over two consecutive trading days than after Trump's tariff announcement.
  • 23:02
    GameStop's Bitcoin investment plan is called "Project Rocket"
    According to Bitcoin Magazine, an interesting fact: GameStop's bitcoin investment plan is called "Project Rocket".
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