70. A quick guide to the best public bitcoin miners.
Here is a breakdown of the best mining stocks, sliced up a number of ways: New February Miner Ranking | Bitcoin Mining Stocks to Watch - Thanks to McNallie Money on YouTube
Crypto Corner
Binance has requested prime brokers to strengthen their Know Your Customer (KYC) procedures to prevent U.S. nationals from accessing the platform, according to Bloomberg.
Solana memecoin projects have reached a new height of fundraising, raising over $100 million in just three days through presales, a controversial fundraising model.
Nearly $100 million has been wagered on the U.S. Presidential Election on Polymarket. Bettors on this crypto-based prediction market platform are showing confidence in Trump's victory and are also bullish on Ethereum's ETH reaching an all-time high in 2024.
Crypto fund inflows have reached a new record, hitting $2.9 billion in a week.
Crypto exchange Binance has recently announced the commencement of a thorough investigation into the claims surrounding Book of Meme (BOME), a meme coin based on Solana.
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NFT Spotlight
NFT of the week: SERPENS
The buyer who won a $10 million bet against Terraform founder Do Kwon also purchased the NFT that inspired Solana's viral memecoin Dogwifhat.
Bitcoin Ordinals are generating significant buzz, propelling NodeMonkes' market capitalization above that of Bored Ape NFTs.
Milady NFT memecoin has successfully reached its $18.6 million presale goal in less than 2 hours. The project expressed gratitude to the SOL community, highlighting its fashionable and appealing attributes.
NodeMonkes' floor price has risen by over 50% to 0.82 BTC, making it the second-largest NFT collection. Runestone has also surged over 50% to 0.04 BTC, ranking it sixth. These Bitcoin NFTs outperform major collections like BAYC and MAYC.
Decentraland announces it’s 5th annual Art week.
Bitcoin Buzz
Standard Chartered: Bitcoin to reach $150k by end of 2024
Japan's state pension fund, GPIF, is seeking information about Bitcoin as part of a broader strategy aimed at portfolio diversification.
Spot Bitcoin exchange-traded funds (ETFs) experienced negative flows, while Grayscale's Bitcoin Trust (GBTC) saw a significant outflow of $642 million in a single day.
Binance CEO Richard Teng predicts that Bitcoin will surpass $80,000 by the end of the year.
Bitcoin Miners’ Marvels
Bitcoin mining company Bit Digital reported a nearly 40% increase in revenues. They also mentioned that their venture into artificial intelligence had generated $4 million in revenue in February 2024.
Smaller Bitcoin miners may shut down operations post-halving, warns Bitfinex.
Bitcoin miners are increasingly relying on government subsidies to remain competitive.
The Russian crypto mining industry is poised for a potential $4 billion boost, as stated by representatives during a media event in Irkutsk, Siberia. However, according to the media outlet SIA, this growth may be hindered if Moscow moves forward with plans to impose prohibitive new tariffs on crypto miners.
Quote Of The Week:
“Do one thing every day that scares you." -Eleanor Roosevelt
Have a great rest of your week!