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Core Scientific Upgraded to Buy From Neutral to Reflect HPC Expansion: B Riley
The bitcoin miner will be a future leader in HPC hosting due to the lucrative deals it has signed with CoreWeave and management’s deep experience in operating enterprise data centers, the report said.
Market Maker Flowdesk Doubled Down on the U.S. as Things Looked Bleak. Now That Bet Is Paying Off
Flowdesk's CEO made a contrarian bet on the U.S. as the Securities and Exchange Commission was waging war on crypto. Fast forward a year, and the country has bitcoin ETFs, ether ETFs are imminent and pro-crypto legislation is before the Senate.
Deribit's New Bitcoin, Ether Options Tied to U.S. Elections Get Thumbs Up From Crypto Traders
Leading crypto options exchange Deribit announced new options on Tuesday that would allow traders to effectively manage their bitcoin {{BTC}} and ether {{ETH}} positions in the context of the outcome of the pivotal U.S. presidential elections on Nov. 4. The introduction of the so-called election expiry options tied to market leaders bitcoin and ether has garnered positive feedback from traders. "The U.S. election is a focal point for risk assets [including crypto] and will have a binary effect on fiscal policy and financial stability. Options are an important tool for hedging this uncertainty, so it's natural for Deribit to list this tenor," Jeff Anderson, a senior trader at STS Digital, told CoinDesk. The impending election may be most important for cryptocurrencies, as Republican candidate Donald Trump has recently embraced digital assets, standing apart from his rival incumbent, Joe Biden. Though Trump has not yet set out detailed proposals for crypto regulation, his recent outreach to bitcoin miners and his promised appearance at the upcoming Nashville conference has won him the industry's support, establishing BTC and the wider market as a bet on his presidency.
U.S. Senator Who Called Bitcoin 'Ideal Choice for Criminals' Is Convicted of Bribery
U.S. Senator Bob Menendez (Dem) from New Jersey, a staunch crypto critic, was found guilty of accepting bribes, including gold bars and a luxury car, in exchange for his political clout by a jury on Tuesday.
Bitcoin Bulls Eye $70K Amid Donald Trump's Rising Chances of Returning as President
Traders and funds are becoming increasingly bullish on BTC as the German government completes its sales of their large holdings while Mt Gox distributes funds to creditors, one market observer said.
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