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Evan Luthra Alpha

Welcome to Evan's ALPHA Group! 🚀 It's all about making money and having a good time. Just a heads-up, it's all in good fun and learning. Nothing said here is a FA. Follow us on: Instagram: Instagram.com/EvanLuthra X: https://x.com/EvanLuthra

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📢 Bitcoin Miners Face Increasing Financial Pressure as Earnings Decline ➡️ Bitcoin miners are experiencing a tightening financial squeeze as earnings continue to decline. On Friday, the hashprice stood at $56.95 per petahash per second (PH/s), dropping to $51.66 per petahash by Sunday.Source
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📢 Marathon Digital Unveils Ambitious Plan to Double Bitcoin Mining Capacity in 2024 ➡️ Marathon Digital announces a significant revision to its 2024 hash rate target, aiming to increase it from 35-37 EH/s to 50 EH/s, marking a 100% growth for the fiscal year.Source
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📢 QCP Capital Advises Optimal Times for Buying Bitcoin and Ethereum ➡️ At a crucial juncture in cryptocurrency markets, QCP Capital, a prominent digital asset trading firm headquartered in Singapore, advocates for strategic buying opportunities in Bitcoin and EthereumSource
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📢 Franklin Templeton’s $380m BENJI Token Upgrade Targets Institutional Investors Initially ➡️ In a growing trend of tokenization, asset manager Franklin Templeton has introduced peer-to-peer transfer capabilities for BENJI, its yield-bearing, dollar-pegged token, focusing primarily on institutional investors.Source
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📢 NFT Lending Reaches Record $2.1 Billion in Q1 ➡️ In a remarkable surge, the lending market for non-fungible tokens (NFTs) soared to a quarterly high of $2.13 billion in Q1, showcasing a substantial 43.6% quarter-over-quarter growth.Source
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📢 Internet Computer Founder Criticizes Crypto's 'Snake-Oil' Problem ➡️ Dominic Williams, the founder of Dfinity Foundation, doesn't mince words when discussing the state of the crypto and blockchain industry, which he's been involved in for about a decade. Source
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📢 Franklin Templeton Launches Ethereum ETF, Listed on DTCC ➡️ Franklin Templeton, a prominent asset management firm, has introduced its spot Ether exchange-traded fund (ETF) called the Franklin Ethereum TR Ethereum ETF (EZET). The ETF is now listed on the Depository Trust and Clearing Corporation (DTCC) website, a key platform for securities transactions in the United States.Source
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📢 Amid Changes in Bitcoin Mining Economics, Older ASIC Rigs See Significant Discounts ➡️ As the landscape of Bitcoin mining economics evolves, older mining rigs are experiencing notable decreases in revenue compared to pre-halving levels. This trend is particularly evident with the hashprice hovering around $0.056 per terahash per second (TH/s) per day.Source
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📢 Arkham Intel Discovers Wallets Linked to WisdomTree's Physical Bitcoin ETP, WBIT ➡️ Arkham Intel, a blockchain data tracking firm, has identified wallets connected to WBIT, a physical exchange-traded product (ETP) offered by asset manager WisdomTree.Source
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📢 Vitalik Buterin Criticizes Cryptocurrency Mining as "Quite Centralized" ➡️ In a recent statement, Vitalik Buterin addressed concerns regarding the centralization of Proof-of-Work (PoW) systems, particularly within the context of Ethereum's transition from PoW to Proof of Stake (PoS).Source
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