The European Central Bank (ECB) is expected to cut its interest rate by 0.25% to 4.25% on June 6. This rate cut could boost investor interest in risk assets like Bitcoin. Bitfinex's derivatives head, Jag Kooner, told Cointelegraph: "The ECB is expected to cut rates next week to stimulate economic growth. Lower rates typically weaken the euro and increase liquidity, which can boost risk assets, including Bitcoin."
AlexBitcoin's mining revenue has sharply declined post-halving, raising concerns about network security and miner profitability. Some miners may exit the industry, potentially compromising security. Industry leaders are taking proactive measures, but the situation warrants close monitoring for long-term viability.
Huang BoBitcoin halving refers to the event in which the reward for generating Bitcoin in the Bitcoin network is halved every four years. This is a pre-set rule in the Bitcoin protocol that aims to control the supply of Bitcoin and mimic the scarcity of gold.
JinseFinanceBitcoin halving approaches, reducing mining rewards and potentially boosting price. Regulatory ETF approvals and miner profitability concerns highlighted.
Xu LinRecommended reading for today's evening: 1. Bitcoin L2 project mainnet is launched intensively. What are the incentives behind the new business model? 2. 1kx talks about Safe: opening the era of programmable ownership; 3. zkLink detailed explanation: technology, token economics and ecological pattern;
JinseFinanceFederal Reserve, Crypto Market, Bankless: What is the impact of the Fed's rate cut on the crypto market? Golden Finance, Inflation is not looking good. What does this mean for cryptocurrencies?
JinseFinanceToday, 18,000 Bitcoin options worth $1.23 billion expire, a smaller event than last week's $15 billion. Weakness persists in the market with $150 billion outflow. Bitcoin retreats to $66,500, Ethereum to $3,275. Altcoins show mixed performance.
EdmundDaniel Batten, co-founder of CH4 Capital, challenges prevalent beliefs about Bitcoin's environmental impact and money laundering associations. He emphasizes contextual analysis, comparing BTC to other technologies and revealing potential net positive contributions and a relatively minor role in money laundering compared to fiat currencies. The evaluation is data-driven, using reputable sources for a nuanced perspective.
Huang BoAfter many reversals and mistakes, the Bitcoin Spot ETF was finally approved by the U.S. Securities and Exchange Commission.
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