Marathon Digital eyes Bitcoin growth with $700 million in convertible notes

[ad_1] Bitcoin miner Marathon Digital plans to privately issue $700 million in convertible senior notes due in 2030, according to a Nov. 18 statement. The offering, subject to market conditions, includes an... Read more »

Ethereum ecosystem treasuries top $22 billion, with resources poised to support network’s future growth

[ad_1] The Ethereum Foundation (EF), a nonprofit supporting Ethereum’s blockchain ecosystem, has released its 2024 annual report detailing financial updates, treasury holdings, and recent policy initiatives. The report highlighted the organization’s budget... Read more »

Florida CFO advocates adding Bitcoin to state pension funds for strategic growth

[ad_1] Florida Chief Financial Officer Jimmy Patronis has urged the State Board of Administration (SBA) to consider adding Bitcoin to the state pension funds. On Oct. 29, Patronis sent a letter to... Read more »

Vitalik Buterin’s ‘Surge’ plan aims for exponential Ethereum growth with 100,000 TPS

[ad_1] Ethereum co-founder Vitalik Buterin has outlined his vision for the next phase of the network’s evolution, known as “The Surge.” In an Oct. 17 blog post, Buterin shared critical objectives for... Read more »

Marathon Digital explores strategic growth with $200 million loan collateralized with Bitcoin

[ad_1] Bitcoin miner Marathon Digital Holdings said it has secured a $200 million line of credit from an undisclosed lender, according to an Oct. 15 statement. According to the company, the credit... Read more »

Powell downplays recession concerns amid solid economic growth

[ad_1] Key Takeaways Powell remains confident that the economy will be resilient despite external risks. Inflation nears Fed’s target, prompting a cautious but flexible policy response. Share this article Federal Reserve Chair... Read more »

Bitcoin recovery trends show steady growth amid declining volatility

[ad_1] Onchain Highlights DEFINITION: Bitcoin price performance since cycle low Bitcoin’s price has demonstrated varying degrees of performance across several cycles, with 2022 marking a significant comparison point for assessing recovery trends. Notably,... Read more »

Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million

[ad_1] Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO... Read more »

Bitcoin ETFs see 14% growth in institutional interest during Q2 despite downturn

[ad_1] Bitwise CIO Matt Hougan highlighted a notable increase in institutional investments in Bitcoin exchange-traded funds (ETFs) during the second quarter despite BTC value declining 12% over the three months. Hougan highlighted... Read more »

US GDP growth beats expectations at 2.8% as Bitcoin dips below $64,000

[ad_1] Bitcoin maintained stability at around $64,000 after the recent economic data showed that the US GDP Growth Rate for Q2 increased by 2.8% QoQ, surpassing the previous quarter’s growth of 1.4%... Read more »