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Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

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Kyle Samani of Multicoin Capital criticizes Ethereum's underperformance compared to Solana, citing issues with Layer-2 interoperability and value capture. He doubts Ethereum's potential as a store of value, suggesting its $300 billion valuation may be hard to justify.

Portfolio Pulse from Khyathi Dalal

August 29, 2024 | 1:24 pm

Iris Energy aims to reach 50 EH/s in Bitcoin mining by 2025, aligning with U.S. giants like CleanSpark, Marathon, and Riot. Despite exiting power trading and losing a partner, Iris is financially strong with $405M cash and no debt, but faces rising expenses.

Portfolio Pulse from Surbhi Jain

August 29, 2024 | 12:35 pm

The digital assets sector has rebounded from the FTX collapse, with MicroStrategy outperforming Bitcoin and Ethereum. The introduction of spot ETFs has driven institutional adoption, but challenges remain.

Portfolio Pulse from Murtuza Merchant

August 29, 2024 | 11:44 am

The market is stabilizing after Nvidia's earnings report, with index futures rising. Nvidia shares are recovering, and strong tech earnings could offset previous losses. Key economic data, including GDP and inflation measures, are expected to influence market movements. Several companies, including Nvidia, Affirm, and HP, are experiencing significant stock price changes due to earnings reports.

Portfolio Pulse from Shanthi Rexaline

August 29, 2024 | 10:54 am

Silicon Valley investor Balaji Srinivasan supports El Salvador President Nayib Bukele's view that the U.S. government is funded by inflation rather than taxation. This comes amid Kamala Harris' controversial tax proposal and El Salvador's adoption of Bitcoin as legal tender.

Portfolio Pulse from Aniket Verma

August 29, 2024 | 6:58 am

Mark Cuban criticized SEC Chair Gary Gensler, suggesting he might be undermining Senator Elizabeth Warren's career. Cuban's comments followed the SEC's increased scrutiny of the cryptocurrency sector, including a Wells Notice to OpenSea. Cuban, a crypto advocate, has previously criticized Gensler's regulatory approach.

Portfolio Pulse from Aniket Verma

August 29, 2024 | 3:23 am

On Wednesday, major U.S. stock indices closed lower, with notable declines in Nvidia, Affirm Holdings, CrowdStrike, Iris Energy, and Tesla. Nvidia reported strong earnings but saw a significant after-hours drop. Affirm and CrowdStrike reported strong earnings, while Iris Energy posted record Bitcoin mining revenue. Tesla shares fell amid a major investor's sell-off.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 3:00 am

Bitcoin remained stable while Ethereum and Dogecoin saw gains despite a decline in stock markets following Nvidia's Q2 earnings report. Nvidia's stock fell 2.1% despite strong earnings, impacting major indices. Meanwhile, Bitcoin accumulation by large holders continues, and Ethereum shows bullish signs against Bitcoin.

Portfolio Pulse from Aniket Verma

August 29, 2024 | 2:43 am

The article discusses the valuation of Nvidia and Bitcoin, focusing on Nvidia's high P/E ratio and Bitcoin's NVT ratio. Nvidia's stock has risen 160% year-to-date, with a P/E ratio of 73.478, indicating it may be overpriced. Bitcoin's NVT ratio suggests potential accumulation opportunities.

Portfolio Pulse from Aniket Verma

August 29, 2024 | 1:35 am

Iris Energy Limited (NASDAQ:IREN) reported strong fiscal-year results with record Bitcoin mining revenue of $184.1 million, up from $75.5 million last year. The company increased its self-mining capacity and mined a record 4,191 Bitcoin. Iris Energy's shares rose 5.12% after the announcement.

Portfolio Pulse from Erica Kollmann

August 28, 2024 | 9:42 pm

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