Key Headlines:
• Kraken Suspends Monero (XMR) Deposits: Kraken has temporarily halted deposits for Monero, citing a potential 51% blockchain takeover concern.
• Gemini Files for Nasdaq IPO: Gemini has officially filed to list on Nasdaq under the ticker GEMI. The filing reveals steepening financial losses ahead of its initial public offering.
• Bitcoin Mining Profitability Gains: Jefferies reports that Bitcoin mining profitability rose by 2% in July, aided by a rally in Bitcoin’s price though miners still face pressure from a rising network hashrate.
#MarketTurbulence #HotJulyPPI #REVABinanceTGE #DeFiGetsGraded #CPIWatch
