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Bitcoin Miners Return to Profitability as BTC Continues Market Recovery: Bitfinex

Bitcoin miners are in the green again following BTC’s massive recovery over the past week. On-chain data suggests miners’ BTC sales to upgrade machinery and sustain operations are ending. The Miner Sustainability metric, an indicator that evaluates the profitability of mining activities after accounting for the cost of hardware and operations, shows that this cohort of market participants is now fairly paid. This marks miners’ return to profitability for the first time in a...

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Will Bitcoin’s (BTC) Price Crash if Kamala Harris Becomes President of the USA (ChatGPT Speculates)

TL;DR The presidential elections in the United States could severely affect the cryptocurrency market. Trump’s possible victory might boost BTC due to his pro-crypto stance, while his potential loss could have the opposite effect. Biden’s withdrawal has Trump and Harris tied at 44% support each, while Robert Kennedy trails behind. Bitcoin’s Possible Reaction The US presidential elections, scheduled for November this year, have been a highly intriguing topic recently due to...

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Coinbase Premium Turns Positive in Early July: A Signal of Renewed Institutional Interest?

The Coinbase premium turned positive in early July after a period of concern following a dip in mid-May According to research from Kaiko, this could hint at a resurgence of institutional interest in Bitcoin. Renewed Institutional Interest The Coinbase premium, which measures the difference between hourly bitcoin prices on Coinbase’s BTC-USD pair and Binance’s BTC-USDT pair, is a key indicator of institutional sentiment in the cryptocurrency market. On July 1, crypto analyst...

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We Asked ChatGPT if Ripple (XRP) Can Hit an ATH if Gary Gensler Resigns as SEC Chairman

TL;DR If SEC Chairman Gary Gensler resigns, XRP’s valuation could benefit from a more crypto-friendly successor and an increased likelihood of the regulator settling its case with Ripple. Regardless of Gensler’s status, the token’s price could reach a new all-time high through strategic partnerships, increased adoption, and technological advancements, the AI chatbot said. What Are the Chances? The US Securities and Exchange Commission (SEC), which oversees and regulates the...

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Rho Markets Goes Online After Receiving Back Funds Drained from Attack

The entity behind a bot that extracted $7.6 million from Rho Markets last week has returned the funds to the liquidity and lending protocol deployed on the rollup chain Scroll. While first reported that a bug in an oracle contract allowed an attacker to walk away with the funds, it was a bot that conducted an MEV (maximum extractable value) attack. That occurred due to the reported issue with the oracle. The attacker also left an on-chain message on the transaction siphoning the funds,...

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Top Altcoins 2024: Best 4 Picks For High Returns ETFSwap (ETFS), Tron (TRX), PEPE, And BONK

As investors look for high-yielding prospects in 2024, the world of altcoins has drawn a lot of attention. However, the top 4 altcoins that stand out as promising contenders for impressive returns are ETFSwap (ETFS), Tron (TRX), PEPE, and BONK.  ETFSwap (ETFS): Leader Among Altcoins For High Returns ETFSwap (ETFS) is a platform that gives users access to real-time market data and fully customisable trading strategies. The market development expertise of the ETFSwap (ETFS) team...

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RCO Finance (RCOF) Will Outperform BONK, PEPE, and WIF Amid Ethereum ETF Debut on July 23rd

The crypto market is bracing for major changes following the debut of the Ethereum ETFs on July 23rd. Amidst the anticipated surge in Ethereum tokens, RCO Finance (RCOF) is garnering attention for its potential to outperform meme coins like BONK, PEPE, and WIF. This article explores the expected success of Ethereum ETFs and the advent of RCOF, a token poised to 50x in the coming weeks. RCO Finance (RCOF) Beats The Odds Just as Bitcoin ETFs spurred January’s market rally, analysts...

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