IREN Wrote Off $639M in Bitcoin Mining Rigs. Revenue Rose 19%.
IREN is scrapping its bitcoin mining fleet by December after a 638.8 million dollar writedown, yet mining revenue still rose 19 percent this year.
IREN is scrapping its bitcoin mining fleet by December after a 638.8 million dollar writedown, yet mining revenue still rose 19 percent this year.
Fed Chair Warsh turned hawkish at Jackson Hole. September rate-hike odds jumped toward 60%, and crypto liquidations hit $487M in a single day.
Bitcoin cleared $80,000 in a 27% August run, but over $4 billion in short liquidations did the buying, and the Treasury buyback starts September 9.
StarkWare ran the first quantum-safe Bitcoin transaction on mainnet, but ordinary nodes rejected it and about 7 million exposed coins get no help.
The debasement trade is back after two weeks of gains, but gold rose 37 percent this year while bitcoin fell 28 percent. A look at the split.
A single Binance minute traded $1.26 billion and $3 billion in shorts got wiped. The Bitcoin rally looks more like a squeeze than a bottom.
Bitcoin jumped 8% to near $69,500 after the Treasury doubled its bond buybacks. The 30-year yield it targeted reversed within a day.
US Bitcoin ETF inflows neared $1 billion in August, but the Coinbase premium has stayed negative for a record 90 days. Two demand signals disagree.
Bitcoin volume just hit a 2023 low while open interest held above its two-year average. K33 warns the quiet market is primed for liquidation moves.
The Coldcard exploit drained roughly 1,083 BTC. It also pushed 210,000 BTC out of long-term holder wallets and lifted active addresses to a 20-month high, distorting on-chain signals.
BitMEX settles four September futures 46 days early on August 10. Three adjustment rates came back at 1.00, one at 1.03, and 18 contracts go Tuesday.
BitFuFu's bitcoin treasury fell 357 coins in July to prepay for hashrate. The fleet mined 112 BTC and managed capacity shrank again.
3iQ will manage part of Gelephu's bitcoin. The Bhutan bitcoin treasury behind it is listed at 3,121, 4,973, 10,769 or 11,286 BTC.
Russia bars crypto mining in Moscow until 2032. The one gigawatt behind the decree works out to 3.5% to 5.7% of global hashrate.
The SEC stayed Nasdaq bitcoin options after a CME petition. The contract settles on a CME CF benchmark, and statements are due August 24.
BIP 110 has 21 signaling blocks and needs 1,109. Paul Sztorc's eCash hard fork activates at block 964,000 with no miner vote required.