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Professor Mende - Founder of BONUZ Project - in Dubai UAE
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๐Ÿ“†๐Ÿš€ THIS WEEK'S CRUCIAL EVENTS: MARK YOUR CALENDARS! ๐Ÿ“… Monday, May 6: ๐Ÿ‡บ๐Ÿ‡ธ The US Securities and Exchange Commission (SEC) to deliver its verdict in the Ripple case โ€“ brace for impact! Tuesday, May 7: ๐Ÿ”ž International Masturbation Day โ€“ a day of... self-reflection. ๐Ÿ“Š Robinhood to unveil its earnings report post-market closure, shaping investor sentiment. ๐Ÿ›ข๏ธ The Department of Energy to release Oil Market Short-Term Forecasts at 19:00, influencing oil prices. ๐Ÿ›ข๏ธ API Oil Stocks data to be disclosed at 23:30, impacting oil market dynamics. Wednesday, May 8: ๐Ÿ›ข๏ธ EIA Oil Stocks data announcement at 17:30, offering insights into oil supply trends. Thursday, May 9: ๐Ÿ‡น๐Ÿ‡ท Tรผrkiye's unemployment rate reveal at 10:00, shedding light on economic conditions. ๐Ÿ“‰ Initial Unemployment Applications data release at 15:30, a key indicator of labor market health. Friday, May 10: ๐Ÿ’ผ Eigenlayer launches the EIGEN token โ€“ a potential game-changer in the crypto sphere. ๐Ÿ“ˆ Michigan Consumer Sentiment (May) data unveiling at 17:00, gauging consumer confidence. ๐Ÿ’ฐ Inflation Expectations (May) data to be announced at 17:00, influencing market expectations. Stay tuned for these pivotal developments shaping the week ahead & ftop a follow! ๐Ÿš€ @Mende #marketnews #news #bitcoinnews #sec #bullorbear $btc $Shib $Floki

๐Ÿ“†๐Ÿš€ THIS WEEK'S CRUCIAL EVENTS: MARK YOUR CALENDARS! ๐Ÿ“…

Monday, May 6:

๐Ÿ‡บ๐Ÿ‡ธ The US Securities and Exchange Commission (SEC) to deliver its verdict in the Ripple case โ€“ brace for impact!

Tuesday, May 7:

๐Ÿ”ž International Masturbation Day โ€“ a day of... self-reflection.

๐Ÿ“Š Robinhood to unveil its earnings report post-market closure, shaping investor sentiment.

๐Ÿ›ข๏ธ The Department of Energy to release Oil Market Short-Term Forecasts at 19:00, influencing oil prices.

๐Ÿ›ข๏ธ API Oil Stocks data to be disclosed at 23:30, impacting oil market dynamics.

Wednesday, May 8:

๐Ÿ›ข๏ธ EIA Oil Stocks data announcement at 17:30, offering insights into oil supply trends.

Thursday, May 9:

๐Ÿ‡น๐Ÿ‡ท Tรผrkiye's unemployment rate reveal at 10:00, shedding light on economic conditions.

๐Ÿ“‰ Initial Unemployment Applications data release at 15:30, a key indicator of labor market health.

Friday, May 10:

๐Ÿ’ผ Eigenlayer launches the EIGEN token โ€“ a potential game-changer in the crypto sphere.

๐Ÿ“ˆ Michigan Consumer Sentiment (May) data unveiling at 17:00, gauging consumer confidence.

๐Ÿ’ฐ Inflation Expectations (May) data to be announced at 17:00, influencing market expectations.

Stay tuned for these pivotal developments shaping the week ahead & ftop a follow! ๐Ÿš€

@Professor Mende - Founder of BONUZ Project - in Dubai UAE

#marketnews #news #bitcoinnews #sec #bullorbear

$btc $Shib $Floki

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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๐Ÿ“‰ BITCOIN HALVING CUTS PRODUCTION, SINKS REVENUES FOR TOP MINERS ๐Ÿ“‰ The Bitcoin halving event on April 20, 2024, has significantly impacted Bitcoin mining production and revenues. Major mining firms have reported substantial declines in output and earnings, attributing these changes to the reduced block rewards. ๐Ÿ“Š Stronghold Digital Miningโ€™s Decline: Stronghold Digital Mining experienced a 47.1% drop in monthly Bitcoin mining output in May, producing only 82 BTC compared to 155 BTC in April. This decline resulted in a 46% revenue decrease, with Mayโ€™s earnings at $5.2 million. The firm cited the halving and reduced block rewards as primary reasons for the decline, along with a drop in Bitcoinโ€™s price and transaction fees. ๐Ÿ” Broader Industry Impact: Other mining companies also reported declines: Cipher Mining: Mined 166 BTC in May, down 43.9% from 296 BTC in April. Despite the drop, the company maintained positive cash flows and expanded its operations. Marathon Digital: Produced 616 BTC in May, a 27.5% decrease from 850 BTC in April. Marathon mitigated the impact by increasing the number of mining blocks won from 129 in April to 170 in May. The firm held 17,857 BTC at the end of May and sold 390 BTC during the month. ๐Ÿ“‰ Hash Price and Network Hash Rate: Stronghold reported an average hash price of $0.052 per TH/s in May, down from $0.095 in April, due to the halving. The network hash rate of 1.2% partially offset the declining trend. ๐Ÿ’ก Industry Adjustments: Several other firms, including CleanSpark, Riot Platforms, and Bitfarms, also reported similar declines in BTC output. The Bitcoin halving event reduced block rewards from 6.250 to 3.125, impacting miner difficulty and overall production capacity. Do you think this situation will impact the bitcoin price in a positive way and give us an upward boost? ๐Ÿ‘‡ Leave a comment below! Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more! #Bitcoin #CryptoMining #BitcoinHalving $BTC ย $ETH ย $SOL
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๐Ÿ“ˆ SEC ACCEPTS PROSHARES SPOT ETHEREUM ETF ENTRY ๐Ÿ“ˆ On June 10, the U.S. Securities and Exchange Commission (SEC) acknowledged a proposed rule change for ProShares' spot Ethereum ETF and approved Ark Investโ€™s exit from the 21Shares application. ๐Ÿ“Š ProShares Ethereum ETF Update: The SEC's notice regarding ProShares recognizes, but does not yet approve, the proposed rule change. The SEC has a 45-day window to act on the proposal, with an option to extend the decision period to 90 days. By the end of this period, the SEC must approve, disapprove, or initiate additional proceedings. ๐Ÿ’ฌ Analyst Insight: Bloomberg ETF analyst James Seyffart commented on the timing: โ€œInstinct initially says this [wonโ€™t] launch on day 1 with the other ETFs whenever that is but who knows.โ€ NYSE Arca plans to list and trade shares of ProSharesโ€™ fund. ๐Ÿ”„ 21Shares Continues Without Ark: The SEC affirmed that 21Shares' proposed fund could proceed without Ark Invest. The agency waived its usual 30-day operative delay, making the change effective immediately. Ark and 21Shares announced their split on May 31. Ark stated to Bloomberg ETF analyst Erich Balchunas that it โ€œwill not be moving forwardโ€ with an Ethereum ETF but remains involved in the spot Bitcoin ETF ARKB. โณ Timeline for Spot ETH ETFs: While the SEC approved rule changes for eight spot ETH ETFs on May 23, it has yet to approve applicantsโ€™ S-1 registration statements. As a result, these products have not launched for trading, and no definite launch date has been set. ๐ŸŒŸ Market Expectations: Analysts have varying expectations for the launch dates of these spot Ethereum ETFs. Balchunas predicts a launch by the end of June, with an โ€œover-underโ€ date of July 4, while JP Morgan anticipates the funds will begin trading by November. ๐Ÿ‘‡ What are your thoughts on the SEC's decisions? Like, share, comment, and follow for more updates! Your Matthias Mende #EthereumETF #SEC #bitcoin #etf #ethereum $BTC $ETH $SOL
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๐Ÿ’ฐ 211.51 DORMANT BITCOINS WORTH $14.79M REACTIVATED AFTER 10 YEARS ๐Ÿ’ฐ Over the past weekend, 211.51 dormant bitcoins, valued at $14.79 million, were reactivated after over a decade of inactivity. More than half of these funds originated from wallets inactive since 2012, marking a significant event in the Bitcoin community. ๐Ÿ“ˆ Vintage Bitcoin Wallets Unleash 211.51 BTC: Since June 8, 2024, four transactions brought 211.51 dormant bitcoins back into circulation. The initial transfer of 50 BTC occurred on Friday at block height 847,117 from a legacy address created on Sept. 4, 2013. Another 50 BTC from an address established on Sept. 5, 2013, was spent at block height 847,258. When these bitcoins were initially acquired in 2013, BTC was trading at $126 per coin, valuing the holdings at about $12,600. Today, these coins are worth $6.99 million, reflecting a 55,410% appreciation. Additionally, at block height 847,267, a wallet created on July 22, 2012, spent 100 BTC after being inactive for nearly 12 years. Initially valued at $8.85 per BTC, this stash was once worth $885 but has now appreciated by 790,220%, reaching $6.99 million. On June 10, another 2012 wallet transferred 11.51 BTC, worth approximately $805,048 at present. These bitcoins were acquired on Sept. 16, 2012, when BTC traded for $11.75 per coin, meaning the initial value was just $135.24. The reactivation of long-dormant bitcoins underscores the significant long-term appreciation of Bitcoin and highlights the mysteries surrounding early BTC ownership. While the motivations behind these transactions remain undisclosed, the dramatic gains reflect the potential rewards of long-term crypto investments. Stay updated with Professor Mende! #Bitcoin #Crypto #BTC $BTC $ETH $SOL
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๐Ÿš€๐Ÿ‡บ๐Ÿ‡ธ TRUMP ANNOUNCES PRESIDENTIAL ROUNDTABLE ON DOMESTIC BITCOIN MINING ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿš€ The Homie David Bailey, CEO of Bitcoin Magazine and a cryptocurrency aide for the Trump campaign, announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic Bitcoin mining. ๐Ÿ“ฃ Trumpโ€™s New Crypto-Friendly Policy: Bitcoin is becoming a pivotal issue in the U.S. presidential campaign. David Bailey recently revealed that Trump would engage in a โ€œPresidential Roundtable on domestic bitcoin mining.โ€ This event is seen as โ€œhistory in the making,โ€ featuring top mining industry leaders meeting with Trump. ๐Ÿข Industry Participation: While Bailey did not disclose specific participants, he confirmed that key industry players would attend the roundtable. He stated, "The mining industry has stepped up in a big wayโ€”theyโ€™re going to make a great first impression." ๐Ÿ’ก Trumpโ€™s Crypto Stance: Trump's shift towards a pro-crypto stance became evident during an NFT gala in May, where he announced his campaign would accept cryptocurrency donations. He criticized President Joe Biden's lack of crypto awareness and vowed to halt the current administration's efforts to "crush crypto." Trump emphasized his commitment to fostering a strong crypto industry in the U.S., rather than driving it overseas. ๐Ÿ” Addressing National Debt with Bitcoin: Bailey also mentioned that Trump inquired about using Bitcoin to address the $35 trillion U.S. national debt, showcasing his interest in innovative financial solutions. ๐ŸŒŸ Conclusion: Trumpโ€™s participation in the Presidential Roundtable on Bitcoin mining underscores his evolving stance on cryptocurrency. This event could significantly influence the future of Bitcoin mining and crypto regulation in the U.S., aligning with Trump's vision of making America a leader in the crypto industry. What are your thoughts on Trumpโ€™s pro-crypto stance? ๐Ÿ‘‡ Drop a comment and follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more! #Trump #Bitcoin #Bitcoinmining $BTC ย $ETH ย $SOL
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