Obviously related to price drop submitted by /u/No-Masterpiece2246 [link] [Kommentare]
From the article. Thorn said another reason Galaxy lowered its odds is that no information shows that the bill, or negotiations around it, have advanced, and provisions around ethics and illicit finance are a sticking point that have not yet been resolved. He added that Galaxy would revise its odds if Senate leaders committed to passing the bill next month and that provisions to get lawmakers on side are finalized. Galaxy’s latest odds came after analysts at JPMorgan on Wednesday said they see less than a 50% chance that the CLARITY Act passes this year, similarly citing a tightening congressional calendar ahead of the elections. submitted by /u/zesushv [link] [Kommentare]
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I’m holding shit bags that keeps getting delisted. Plus I’m down from £18k in 2024 with a total of £5k invested to £1.8k submitted by /u/Civil_Preference3590 [link] [Kommentare]
Crypto seems to be jumping in the midst of this horrible economic climate. Is this just a temporary squeeze? Why are investors buying back into a risky asset I thought they were selling to put it somewhere else? I’m new and confused. Wanna learn how folks that have been doing it a while think. submitted by /u/VolantRabbit [link] [Kommentare]
Take whatever I’m about to say with a grain of salt. I think Bitcoin has already put in its high, and I don’t believe we’ll see a new one this year. $40K is definitely on the table, and if $35K breaks, then $20K becomes a very real possibility. The next great buying opportunity may not come until after October. But again, take this with a grain of salt. submitted by /u/marvelousjules [link] [Kommentare]
I like to follow generative AI, one of the big communities and providers made this announcement yesterday: What's happening Yesterday we were told our primary data center is retracting support for us and switching their capacity over to crypto mining. Effective today. We got less than 48 hours of notice. That is the bulk of the GPUs we use to serve open source model generation. Losing them on this kind of timeline is about as abrupt as it gets. We have spent every hour since scrambling for replacement GPUs and a new data center. The catch: the same mining fever that took our capacity has gobbled up most of the spare GPUs on the market. It appears that at least some of the data centre capacity that was serving generative AI customers, is now ditching their clients (who are paying very well) to now mine crypto once again. Naturally this is speculation - but to me this is a clear signal that it is once again accumulation time. If data centres that are getting plenty of money are dropping clients at short notice to mine, they believe that more profit is to be made with crypto. Sure, this could be a bad business decision, but given the current timeline I think that the worst is over and the next year is a serious opportunity to build up again. Edit: since people apparently are incapable of using a search engine anymore - here is the source. civitai.com/articles/30980 imgur.com/KZJgP6r.png Holy shit this sub is dumb. submitted by /u/-Baloo [link] [Kommentare]