🚀 Core Scientific shines as North America's largest crypto miner, mining 19,274 Bitcoins in 2023, valued at $812 million! Spanning states like Georgia & Texas, their operations now lead with an energized hash rate of 23.2 exahashes per second. 📈 After overcoming Chapter 11 bankruptcy, Core Scientific made a remarkable Nasdaq comeback, showcasing the resilience & potential of the Bitcoin mining industry.

Hawaii announces a major shift in its crypto policy, no longer requiring digital currency companies to have a Hawaii-issued money transmitter license. This move effectively leaves the industry unregulated within the state, signaling an end to its previously strict stance. Companies will still need to adhere to federal requirements but can now operate more freely in the Aloha State. A dramatic change from being one of the least crypto-friendly states to adopting a 'hang loose' approach.

BlackRock's Bitcoin ETF has crossed the $3 billion mark in BTC holdings, highlighting a significant pivot in institutional investment toward cryptocurrencies. A landmark moment as both BlackRock and ProShares ETFs outstrip Grayscale in daily trading volumes, showcasing changing investor preferences amidst the crypto market's evolution. With Grayscale experiencing $5.8 billion in asset outflows since January 11, the burgeoning ETF sector exemplifies mainstream finance's expanding endorsement of digital assets.

ARK Invest has recommended a significant 19.4% allocation to Bitcoin for institutional investors, aiming to maximize risk-adjusted returns. Over seven years, Bitcoin has delivered an annualized return of 44%, far surpassing the average return of 5.7% from major traditional assets. The proposed allocation of 19.4% in 2023 marks a significant increase from the mere 0.5% allocation suggested in 2015.

Families of Hamas victims launch lawsuit against Binance for alleged facilitation of terror financing, seeking damages and accountability. https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/07/binance-legal-.jpg&w=1400&h=735&q=75

Pixelmon Announces $8 Million Seed Funding to Fuel MON Token Launch and Game Development In a significant leap forward, Pixelmon announces an $8 million seed funding round, signaling a new era for the once-controversial NFT project. Now under the stewardship of LiquidX, Pixelmon transitions into a promising crypto gaming platform, ready to launch its MON token and expand its game development. This round saw participation from key players in the crypto sphere, including Animoca Brands, Delphi Digital, and Amber Group, among others. Angel investors like Robbie Ferguson and Gabby Dizon also backed the project, showcasing broad industry support.

Podcast:The State of Bitcoin Mining Heading into the Halving

Megaphone.fm

When Bitcoin’s Bear Market Might End by The Breakdown

Bitcoin Will Hit $170,000 After The Halving: Anthony Scaramucci. His latest estimate is based on Bitcoin’s consistent track record of tapping new all-time highs following the “halving” – a roughly one-in-four-year event that cuts the rate at which new BTC is produced in half.

Billionaires Share Crucial Financial Advice on Bitcoin Billionaires Chamath Palihapitiya, Mark Cuban, Ricardo Salinas, and Tim Draper provide varied perspectives on Bitcoin. Palihapitiya views Bitcoin as a prudent investment against unstable banking systems, predicting it could reach millions. Cuban focuses on the technological aspect, while Salinas and Draper highlight Bitcoin’s potential as decentralized currency.

Bitcoin Seizure: Silk Road Perpetrator Pleads Guilty In 8,100 BTC Confiscation Case