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the traderss
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Binance Will Support the Terra (LUNA),
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Sei
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🚨10K of DOGE are mined per MINUTE? Is it worth mining? Can it reach $100? Will it become an ETF?🧐 ➢ I heard that ELON MUSK mentioned in an interview that 10,000 $DOGE are mined in 1 MINUTE!!! That adds up to approximately 14.5 Million coins in 1 DAY, which totals around 5 Billion coins in 1 YEAR!!!😱 #doge #ElonMuskTalks
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Bitdeer Buys 101 MW Gas Power Plant in Alberta, Canada for BTC Mining Bitcoin (BTC) mining company Bitdeer announced today that it had acquired a 101-MW gas-fired power plant near Fox Creek, Alberta, to build a "vertically integrated" BTC mining operation. “We are really excited about planting roots in Alberta, our first site in Canada. This acquisition is the culmination of extensive collaboration with multiple government agencies and the Canadian Blockchain Consortium," Haris Basit, chief strategy officer at Bitdeer, said in a press release. "It marks a significant step in our strategy to become the first fully-vertically integrated Bitcoin miner, giving us unmatched control over costs, energy efficiency, and scalability."#bitcoin
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Think long-term 🔭 Crypto isn’t just a trend – it’s a fundamental shift. This technology is here to stay! Whether you’re a seasoned investor or new to crypto, this one’s a must-read! #USBitcoinReserves #BTCHovers100k #BitcoinReserveWave #CzechBitcoinReserve? #XRPETFIncoming? 👇
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U.S. bitcoin reserve may be coming
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According to CoinDesk, Howard Lutnick, chairman of Cantor Fitzgerald and U.S. President Donald Trump's nominee for U.S. Commerce Secretary, recently faced intense questioning from Senate Democrats regarding Cantor Fitzgerald's involvement with Tether, the issuer of the world's largest stablecoin, USDT. Lutnick appeared before the Senate Committee on Commerce, Science, and Transportation on January 29, following his testimony at the Senate Banking Committee. Cantor Fitzgerald acts as Tether's primary custodian for U.S. Treasuries, managing a substantial portion of its reserves and holding convertible debt issued by Tether's parent company. The reserves backing USDT have long been a concern within the crypto industry. In 2023, Lutnick attempted to alleviate these concerns by associating Cantor's reputation with Tether, asserting that as its custodian, he was confident in Tether's financial backing. However, during the hearing, Lutnick appeared to temper his previous statements. Lutnick stated, "Cantor Fitzgerald is not conducting continuous diligence on Tether’s financial statements, but I believe my statements were accurate when made," retracting his earlier assertion that "Tether has every penny, and it can produce liquidity on a moment’s notice." On Polymarket, bettors currently assign a 10% probability of Tether becoming insolvent in 2025 and a 14% chance of it de-pegging during the year, indicating potential issues at the issuer. A contract regarding insolvency for 2024 averaged around 4% in the last quarter of the year. Lutnick also confirmed that "Cantor Fitzgerald made a convertible debt investment in the holding company that owns the Tether stablecoin business in April 2024," clarifying that this does not imply an ownership stake in the stablecoin issuer. "Cantor Fitzgerald’s debt investment in Tether does not constitute an equity Critics of Tether often call for an audit of the company's financial records due to USDT's significant role in the broader crypto ecosystem. While Lutnick acknowledged of for U.S. dollar, , Lutnick denied
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