🤖 Techy… bitcoin miners cranked their rigs up ahead of this month’s halving, a pre-programed event that’ll see their rewards get cut by 50%. As of Wednesday, miners were generating record computing power in hope of stocking up on BTC.
📜 Policy… Despite some industry optimism, the CEO of investment firm VanEck said that he expects the SEC will reject applications for spot ethereum ETFs next month. VanEck attracted $629M into its spot bitcoin ETF after the SEC’s approval this year.
🌶️ Spicy… Nearly a third of consumers surveyed last month by Deutsche Bank said they expect BTC to fall below $20K by year’s end. Still, they don’t think crypto’s going anywhere: less than 1% said they think the tech’s “just a fad.”
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