July output was worth roughly $1. 16 million at Aug. 21 spot prices before unsettled hosting costs, as interest begins on $16 million of seller notes.
Institutional buying, improving macro conditions and a friendlier regulatory outlook are supporting Bitcoin's rally, while billions in short liquidations have accelerated the move.
Police inquiries involving Binance Holdings Ltd. employees in the United Arab Emirates are testing the crypto exchange in a country that has become one of its most important bases, after investigators scrutinized a bank account it uses to hold customer money.
The hedge fund founder with an estimated net worth of $15 billion recommended that investors overweight Bitcoin and gold rather than bonds.
7 points, 4 comments on Hacker News
Bitcoin’s rally to $78,200 coincided with a record run for Hyperliquid as active traders increasingly use the platform to place leveraged bets on crypto prices.