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CleanSpark’s $155 million acquisition of GRIID Infrastructure highlights Bitcoin miner’s struggles
CleanSpark’s $155 million acquisition of GRIID Infrastructure highlights Bitcoin miner’s struggles

Share link:In this post: CleanSpark has acquired rival miner GRIID Infrastructure for $155 million. The acquisition highlights the consolidation happening the Bitcoin mining sector as miners struggle. BTC hashrate now down to lowest since March, signalling miners capitulation.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation w

Cryptopolitan·2024/06/27 19:25
Spot Ethereum ETFs Could Launch Next Week, Minor Issues Remain: Report
Spot Ethereum ETFs Could Launch Next Week, Minor Issues Remain: Report

Approval of spot Ethereum ETFs is likely “not more than a week or two away.”

Cryptopotato·2024/06/27 19:04
Flash
16:19
SpaceX dropped 10% intraday and has fallen 14% over the past two days.
Jinse Finance reported that on June 19, SpaceX fell by 10% within the day, with a cumulative decline of 14% over the past two days.
16:17
The Trump administration will allow Iran to access $6 billion of its oil revenue held in Qatar
BlockBeats News, June 19th, according to the Financial Times, under a temporary agreement between the US and Iran, the Trump administration will allow Iran to access $6 billion of its oil revenues held in Qatar to purchase humanitarian goods and non-sanctioned items from the US.
16:16
Nobel Prize-winning economist: Elon Musk is essentially a real-life Ponzi scheme
Golden Ten Data June 19th|On the first day of SpaceX's listing, Elon Musk became the first trillionaire in human history. On the same day, 2008 Nobel Prize-winning economist Paul Krugman published an article, "Elon Musk, Human Ponzi Scheme," directly labeling Musk as a "real-life Ponzi scheme." Krugman's accusations targeted three core aspects:Selling false promises: Hyperloop, full self-driving, Mars program—all repeatedly delayed. Musk’s skyrocketing wealth relies on "self-fulfilling beliefs" rather than tangible, delivered products.Manipulating financial shell games: Covering the losses of X with the AI boom and then packaging X into SpaceX, which has real business operations. This is a continual process of using new assets to mask old holes—a "left hand passing to right hand" scheme.Corroding rules and forced buying and selling: Collaborating with Wall Street to modify inclusion rules for index funds like the Nasdaq, forcing countless ordinary families, unaware, to take the baton at his astronomical valuations. In the business world, there is no absolute right or wrong, only perspectives and flows of interest. He points out that, if we strip away emotional interference and examine the cards on the table, we’ll find: this is a scheme that absolutely privatizes profit and compulsorily socializes risk. Krugman states bluntly: “Elon Musk’s massive Ponzi scheme will inevitably collapse.”
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