🚀 Bitdeer Releases August 2024 Mining And Operations Report
#Bitdeer #BTC #MiningReport #August2024 #TrollHousingAS #TydalDataCenterAS #Repayment
According to Odaily, Bitdeer has released its unaudited mining and operations report for August 2024. The report reveals that the company mined 166 BTC during the month. Additionally, Bitdeer disclosed that it has partially repaid the outstanding principal balance of the senior secured notes issued to the sellers in connection with the previously announced acquisition of Troll Housing AS and Tydal Data Center AS. The repayment amount is $5 million.#Bitdeer #BTC #MiningReport #August2024 #TrollHousingAS #TydalDataCenterAS #Repayment
🚀 Core Scientific Reports Decrease In August Bitcoin Production
#CoreScientific #BitcoinProduction #BTC #August2024 #Crypto #Mining #BitcoinRevenue
According to Odaily, Core Scientific has released its unaudited production and operations report for August 2024. The report reveals that the company mined 358 BTC in August, a decrease from the 411 BTC produced in July 2024. Additionally, Core Scientific sold 375 BTC in August, generating approximately $22.5 million in revenue.#CoreScientific #BitcoinProduction #BTC #August2024 #Crypto #Mining #BitcoinRevenue
🚀 US August ADP Employment Data Shows Smallest Increase Since January 2021
#ADP #EmploymentData #US #JobMarket #EconomicUpdate #Statistics
According to Odaily, the latest market data reveals that the ADP employment numbers in the United States for August increased by 99,000, falling short of the expected 145,000. The previous month's figure was revised down from 122,000 to 111,000. This marks the smallest increase in ADP employment since January 2021.#ADP #EmploymentData #US #JobMarket #EconomicUpdate #Statistics
🚀 ADP Employment Data Impacts Financial Markets
#ADPEmploymentData #FinancialMarkets #USD #BondMarket #TreasuryYield #GoldPrices
According to BlockBeats, on September 5, the release of the ADP employment data had significant effects on various financial markets. Following the announcement, the U.S. Dollar Index (DXY) experienced a brief decline of 10 points, currently standing at 101.03. Concurrently, the USD/JPY exchange rate saw a sharp drop of nearly 50 points, now reported at 143.13.
In the bond market, the yield on the U.S. 10-year Treasury note fell to 3.747% after the employment data was made public. Similarly, the yield on the U.S. 2-year Treasury note decreased to 3.733%, marking its lowest level since May 2023. Additionally, spot gold prices saw a short-term increase of $4, now trading at $2516.78 per ounce.#ADPEmploymentData #FinancialMarkets #USD #BondMarket #TreasuryYield #GoldPrices
🚀 Bitcoin Wallet Containing $1.99 Million Activated After 10.5 Years
#Bitcoin #Wallet #Cryptocurrency #WhaleAlert #Blockchain #Investment #DormantWallet #BTC #Activation
According to BlockBeats, a Bitcoin wallet containing 35 BTC, valued at approximately $1,990,206, was activated after being dormant for 10.5 years. The wallet, which was last active in 2014, had a value of $21,632 at that time. The activation was detected by Whale Alert, a blockchain monitoring service, just three minutes before the report.#Bitcoin #Wallet #Cryptocurrency #WhaleAlert #Blockchain #Investment #DormantWallet #BTC #Activation
🚀 US Weekly Jobless Claims Slightly Lower Than Expected
#US #JoblessClaims #Economy #Employment #Unemployment
According to BlockBeats, for the week ending August 31, the United States reported 227,000 initial jobless claims, slightly below the expected 230,000. The previous week's figure was revised from 231,000 to 232,000.
For the week ending August 24, continuing jobless claims were reported at 1.838 million, also below the anticipated 1.865 million. The prior week's number was adjusted from 1.868 million to 1.86 million.#US #JoblessClaims #Economy #Employment #Unemployment
🚀 BitGo Becomes Custodian Under SIX Exchange's Crypto Asset Regulations
#BitGo #SIXExchange #CryptoCustody #Regulation #BitGoEurope
According to Odaily, BitGo has announced its role as a custodian under the regulatory framework of the SIX Exchange. BitGo Europe will be providing regulated custody solutions for the exchange.#BitGo #SIXExchange #CryptoCustody #Regulation #BitGoEurope
🚀 Market Confidence Declines Amid Continued Downtrend
#MarketConfidence #Downtrend #PutOptions #BTC #ETH #ImpliedVolatility #Bearish #MarketSentiment #SeptemberWeakness
According to Odaily, Adam, a macro researcher at Greeks.live, has reported that the market downturn is ongoing, and confidence continues to wane. Today, the large options market saw a significant volume of put options, accounting for nearly 30% of the total transactions. Specifically, BTC Block Put transactions amounted to $280 million, while ETH Block Put transactions reached $90 million.
In terms of options data, the skew for major maturities is shifting towards a bearish direction, with implied volatility seeing a slight increase. Overall, the options market's expectations lean towards a short-term gradual decline. There are no anticipated positive events in the near future, and September has historically been a relatively weak month. Currently, market sentiment remains quite low.#MarketConfidence #Downtrend #PutOptions #BTC #ETH #ImpliedVolatility #Bearish #MarketSentiment #SeptemberWeakness
🚀 15,000 ETH Transferred From Gnosis Treasury to Unmarked Wallet
#ETH #Gnosis #WhaleAlert #cryptocurrency #blockchain #Ethereum #treasury #wallet
According to Odaily, Whale Alert monitoring detected a significant transaction at 20:46 UTC+8. A total of 15,000 ETH, approximately valued at $35.75 million, was transferred from the Gnosis Treasury to an unmarked wallet.#ETH #Gnosis #WhaleAlert #cryptocurrency #blockchain #Ethereum #treasury #wallet
🚀 Strategist Cameron Crise Comments on Unemployment and Labor Costs Data
#CameronCrise #Unemployment #LaborCosts #JoblessClaims #StockMarket #FinancialAssets
According to BlockBeats, on September 5, strategist Cameron Crise noted that although the initial jobless claims did not bring any surprises, the stock market seems to view this as a mildly positive factor. Additionally, the final value of non-farm unit labor costs for the second quarter decreased from 0.9% to 0.4%, a larger drop than expected. This data is quite volatile, so the decline is not as significant as it might initially appear. However, for various financial assets, it is an unequivocal positive.#CameronCrise #Unemployment #LaborCosts #JoblessClaims #StockMarket #FinancialAssets
🚀 Stablecoin AUSD Launches On Sui Network
#AUSD #Stablecoin #SuiNetwork #Ethereum #Avalanche #TokenMinting #Interoperability #Crypto
According to Odaily, the stablecoin AUSD has been launched on the Sui Network. Previously, AUSD supported Ethereum and Avalanche, with nearly $60 million worth of tokens minted. This integration with the Sui Network significantly enhances AUSD's utility, accessibility, and interoperability.#AUSD #Stablecoin #SuiNetwork #Ethereum #Avalanche #TokenMinting #Interoperability #Crypto
🚀 US Announces New Controls on Quantum Computing and Advanced Chip Technology
#US #QuantumComputing #AdvancedChipTechnology #InternationalPartners #FederalRegister
According to Odaily, market sources reveal that the United States has disclosed new control measures on quantum computing and the production of advanced chip technology. This announcement is part of an agreement reached with international partners. The details were published in the Federal Register.#US #QuantumComputing #AdvancedChipTechnology #InternationalPartners #FederalRegister
🚀 Ethereum Foundation Explores SNARK-Based Layer1 Expansion
#Ethereum #Layer1 #SNARK #gaslimit #EVM #scaling #mainnet #blockchain #crypto #consensus #ETH
According to BlockBeats, on September 5, Ethereum Foundation core researcher Justin Drake addressed the future of Ethereum Layer1 expansion during the foundation's 12th AMA session. When asked about plans for further expanding Ethereum Layer1 as Layer2 solutions mature, Drake outlined the foundation's long-term sustainable strategy involving SNARK technology to enhance the mainnet's EVM execution without limitations.
Drake explained that by implementing real-time L1 EVM SNARKing, verifiers can validate cost-effective SNARKs instead of naively re-executing EVM transactions. This approach would enable the mainnet to significantly increase the gas limit without burdening verifiers. The heavy EVM execution tasks would occur outside the consensus, managed by specialized nodes operated by entities such as searchers, builders, and explorers. Consequently, users and consensus participants could easily run their nodes on mobile devices or smartwatches.
In addition to the vertical scaling benefits from substantially increasing the L1 EVM gas limit, there is also the potential for arbitrary horizontal scaling using EVM-in-EVM precompiles. This method allows for low-cost verification of EVM execution within the EVM itself. Developers could programmatically launch new L1 EVM instances, unlocking a boosted version of execution sharding with an unlimited number of shards, as opposed to a capped number of 64 or 1024 shards. Each shard would function as a programmable rollup with customizable governance, ordering, and gas, referred to as 'native rollups.'#Ethereum #Layer1 #SNARK #gaslimit #EVM #scaling #mainnet #blockchain #crypto #consensus #ETH
🚀 USDC Treasury Destroys 50 Million USDC on Ethereum
#USDC #Treasury #Destruction #Ethereum #Blockchain #WhaleAlert
According to BlockBeats, on September 5, Whale Alert reported that the USDC Treasury completed the destruction of 50 million USDC on the Ethereum blockchain at approximately 21:01 UTC+8.#USDC #Treasury #Destruction #Ethereum #Blockchain #WhaleAlert
🚀 Forvis Mazars Economist Predicts 25 Basis Points Rate Cut
#Forvis #Mazars #Economist #RateCut #FederalReserve #GeorgeLagarias #Economy #Market #InterestRates #Recession
According to Odaily, Forvis Mazars Chief Economist George Lagarias expressed his views on the upcoming Federal Reserve meeting during an interview with CNBC on Thursday. Lagarias firmly supports a 25 basis points rate cut, emphasizing that a larger cut of 50 basis points is unnecessary and could send the wrong signals to the market and the economy. He stated, 'I don't see the urgency for a 50 basis points cut. Such a move might convey the wrong message to the market and the economy. As we know, a recession can become a self-fulfilling prophecy, so making such a decision without a compelling reason would be very dangerous. Unless something happens to unsettle the market, there is no need to cause panic.'#Forvis #Mazars #Economist #RateCut #FederalReserve #GeorgeLagarias #Economy #Market #InterestRates #Recession
🚀 User Loses 54 ETH in Phishing Scam
#phishing #scam #ETH #cryptocurrency #loss #Odaily
According to Odaily, a user recently fell victim to a phishing scam involving a 'token claim' transaction. The incident, which occurred two hours ago, resulted in the loss of 54 ETH, valued at approximately $129,808.#phishing #scam #ETH #cryptocurrency #loss #Odaily
🚀 Ethereum Researcher Discusses Value and Rollup Ecosystem
#Ethereum #ETH #RollupEcosystem #FinancialPlatform #ValueGeneration #Layer1 #L1Scaling #FeeMechanism #Decentralization #Blockchain
According to BlockBeats, on September 5, Ethereum Foundation core researcher Dankrad Feist addressed questions regarding the current value of ETH and whether the rollup ecosystem undermines ETH's value during the 12th Ethereum Foundation AMA.
Feist emphasized that Ethereum is building a financial platform that aims to be the most neutral to date. This platform allows for the issuance and trading of financial assets and the creation of new financial products without permission, which are highly valuable activities. While capturing value from these activities is possible, the exact mechanism remains unclear. Feist believes it will likely involve some form of fee mechanism. He maintains that Ethereum Layer 1 (L1) will remain the intersection for all these subdomains, where many valuable activities will continue, generating significant fees. Achieving this will require substantial L1 scaling.
Feist personally believes that focusing on building a value-generating ecosystem on Ethereum is the best approach, and value capture will naturally follow. He cautions against focusing on value capture when value generation is still insufficient. A diversified rollup ecosystem providing interesting applications to the world would be a success, but it would be an even greater success if this ecosystem also enhances the value of ETH assets. Feist acknowledges concerns that a rollup-centric roadmap might divert fee revenue and MEV from Ethereum, potentially making rollups parasitic to Ethereum. However, he disagrees, asserting that the highest-value transactions will continue to occur on Ethereum L1, and rollups will expand the capacity for users to transact on Ethereum, creating a symbiotic relationship.#Ethereum #ETH #RollupEcosystem #FinancialPlatform #ValueGeneration #Layer1 #L1Scaling #FeeMechanism #Decentralization #Blockchain
🚀 BlackRock IBIT Pre-Market Trading Volume Reaches $11 Million
#BlackRock #IBIT #PreMarketTrading #TradingVolume #ActiveOrders
According to Odaily, data disclosed by Trader T reveals that BlackRock's IBIT pre-market trading volume today reached approximately $11 million. Of this total, 21% were active buy orders, while 49% were active sell orders.#BlackRock #IBIT #PreMarketTrading #TradingVolume #ActiveOrders
🚀 Bitcoin(BTC) Surpasses 57,000 USDT with a 1.23% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #trading #priceincrease #marketdata
On Sep 05, 2024, 13:40 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 57,000 USDT benchmark and is now trading at 57,126.621094 USDT, with a narrowed 1.23% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #trading #priceincrease #marketdata
🚀 Solana Optimistic Network Devnet Now Open for Public Testing
#Solana #OptimisticNetwork #Devnet #PublicTesting #SVM #OPStack #SOONBridge #CrossChain #SmartContracts #BlockExplorer
According to Foresight News, the modular framework combining SVM and OP Stack, known as Solana Optimistic Network Devnet, is now live and open for public testing. Developers and users can now utilize the SOON Bridge UI for deposits and withdrawals on the SOON Devnet. Additionally, the network's block explorer is operational, enabling various functionalities on the SOON Devnet, including cross-chain asset transfers, exploring the Devnet block explorer, and deploying smart contracts.#Solana #OptimisticNetwork #Devnet #PublicTesting #SVM #OPStack #SOONBridge #CrossChain #SmartContracts #BlockExplorer