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Cryptocurrency News Today – July 10, 2024
Welcome to “Crypto News Today”, your daily digest of the cryptocurrency industry.
TeraWulf Eliminates Debt Ahead of Schedule
TeraWulf Inc. (NASDAQ: WULF) has repaid $77.5 million of debt ahead of schedule, demonstrating its strong financial position and strategic planning. The company plans to expand its energy infrastructure capacity to 295 MW this year, positioning it for further growth in the energy and technology sectors. To learn more, visit the TDR website!
Hut 8 Secures West Texas Site for Expansion
Hut 8 Corp. (NASDAQ: HUT, TSX: HUT) has entered into definitive agreements for a site in West Texas, securing 205 MW of immediately available energy. This strategic move is aimed at enhancing their extraction capacity and operational efficiency.
AI tokens surpass CoinDesk 20 index
Cryptocurrency tokens related to AI have surged, outperforming the CoinDesk 20 index. This trend is driven by solid earnings and a positive outlook from Nvidia, which has increased investor confidence in AI technologies.
Worldcoin Opens Layer 2 Project to Developers
Sam Altman’s Worldcoin has launched its Layer 2 project, World Chain, to developers. This initiative aims to improve scalability and developer engagement within the blockchain ecosystem.
Bitcoin ETF Traders Buy the Dip
Bitcoin ETF traders have capitalized on the recent price decline, resulting in nearly $300 million in inflows. This activity highlights continued investor interest and confidence in the long-term value of Bitcoin.
Rome Blockchain Startup Raises $9M
Blockchain startup Rome has raised $9 million to support Ethereum Layer 2 solutions via Solana. The funding will be used to improve interoperability and scalability between blockchain networks.
VanEck and 21Shares Confirm Solana ETF Plan
VanEck and 21Shares have confirmed plans to launch a Solana ETF, according to a CBOE filing. The move is intended to provide investors with direct exposure to the growing Solana ecosystem.
Bitcoin Mining Difficulty Decrease
Bitcoin mining difficulty has seen a significant drop, comparable to the impact of the FTX crash. This decrease could affect mining profitability and network security dynamics.
Read more cryptocurrency news on the TDR website!