CleanSpark’s Post

According to Bernstein, Bitcoin miners are emerging as key players in the AI revolution, partnering with AI firms to provide essential data center infrastructure. Private equity firms are taking notice, leading to a surge in mergers and acquisitions. As AI's demand for power grows, bitcoin miners are uniquely positioned to meet these needs with their existing resources.

This week’s "Chart of the Week" analyses the first-ever three-way token merger involving FET, AGIX, and OCEAN tokens, which are consolidating into ASI tokens. The merger commenced on July 1, starting with the suspension of withdrawals for AGIX and OCEAN, while FET continued to trade. The conversion involved AGIX and OCEAN tokens automatically converting to FET (currently trading at $1.34) on Binance, where customer balances were proportionally exchanged. This set the stage for the final step of the process, scheduled for mid-July, during which all FET held on centralized exchanges (CEXs) will convert to ASI tokens. Uses holding their tokens in self-custody will receive a step-by-step guide on how to make the conversion. Since the merger announcement by Coindesk on March 27, 2024, the price of FET tokens has fallen by 49%.

#MicroStrategy continues its impressive stride in #Bitcoin #acquisitions, solidifying its position as a dominant player in the #digitalasset landscape. https://lnkd.in/dBVNRtkr

Fresh off the trail of the SEC's nod to cryptocurrency ETFs, racking up over $4 billion in trades just yesterday, the spotlight is now turning to stablecoins. So, what are stablecoins? Picture this: they're the anchors in the turbulent sea of cryptocurrency, each one pegged to a stable asset like the dollar, offering a steadier ride in the often wild crypto market. It's like combining the reliability of traditional finance with the innovation of the digital age by harnessing the power of blockchain technology. This could be even bigger than before.

Huge announcement at Talos: We have acquired Cloudwall, accelerating the expansion of our PMS (Portfolio Management System). This acquisition is an important part of our strategy, and promises to redefine industry standards for managing digital assets. A very warm welcome to the whole Cloudwall team! ➡️ Read the announcement here: https://ow.ly/lkuu50Rllpx #digitalassets #crypto #portfoliomanagement #riskmanagement

The precedent of a stablecoin company going public is going to allow the industry to reach another big milestone. Institutional investors being able to have exposure of the growth of the entire crypto industry through Stablecoin usage (interest rate and transaction fees) will be echoing for years to come.

Are you ready for the crypto industry's second watershed moment in 2024? Circle, the issuer of USDC and EURC stablecoin, is looking to go public. A Circle IPO would build on the BTC ETF's momentum for the crypto industry. The public offering by Circle would mean that one of the most commonly used stablecoins in DeFi (USDC) will be minted by a publicly traded US company (Circle). More than anything, the IPO would legitimize the entire DeFi and tokenization industry. Stablecoins are a gateway to DeFi and arguably Tokenization's killer app. Many countries have recently formulated solid frameworks for stablecoins. Circle's IPO could catalyze all of that regulatory progress. The offering, if successful, would give private stablecoin issuers a path to victory against the encroachment of CBDCs like FedNow and the Digital Euro. The battle for the future of money is between government-controlled CBDCs and Private Stablecoins on the free market! The "free market" landscape for stablecoin issuers has been a shadowy road where companies like Tether had to operate in sketchy offshore structures -- until now. If a private stablecoin issuer like Circle went public, other stablecoin companies would likely follow. Circle will help to open the money markets of the future. I'm watching intently! Disclaimer: Blackrock bought a huge stake in Circle, so technically the "fourth branch of US Gov" has a large stake in Circle. That fact is a double edged sword, since it's likely Circle will succeed with such a powerful backer (just like the ETFs, who Blackrock has been pushing). #tokenization #ipo #iponews #stablecoins

🚀 Breaking News: Circle's Confidential IPO Filing 🚀 After the success of the Spot Bitcoin ETF approval, the new major milestone may be the first stablecoin issuer to go public in the U.S. Circle, the stablecoin issuer behind USDC, has confidentially filed for an initial public offering (IPO) in the US. 📈 Key Points: Circle has submitted the draft registration statement for the IPO, expecting it to happen post SEC's review, and subject to market conditions. Details on the number of shares and proposed offering prices are yet to be finalized. This move follows November 2022 reports indicating Circle's interest in going public, and a previous attempt through a special purpose acquisitions company route. 🔄 Background: Previous plans were halted after the collapse of FTX in November 2022. Despite challenges, Circle remains committed to becoming a public company, emphasizing trust and transparency. In August, Coinbase announced a strategic investment in Circle, aligning with the long-term success of USDC, currently the second-largest stablecoin. 📊 Market Impact: USDC boasts a supply of $25.2 billion, positioning itself as the second-largest stablecoin, trailing Tether. 👀 Stay Tuned: As the SEC review progresses, the crypto community eagerly awaits more details on Circle's IPO journey. Exciting times ahead! #CryptoNews #IPO #Circle #USDC #CryptoFinance 🚀🌐

Stock Market   1. S&P 500 and Nasdaq Performance: The stock market has shown impressive gains in 2023, with the S&P 500 increasing by nearly 25% and the tech-heavy Nasdaq climbing more than 40%.   2. Dividend Stocks: Notable stocks such as Brookfield Infrastructure (NYSE: BIPC/BIP), Kinder Morgan (NYSE: KMI), and Stag Industrial (NYSE: STAG) have underperformed in the market, making them bargain buys. These stocks are now trading at attractive prices and offer higher dividend yields. For example:   - Brookfield Infrastructure has a high dividend yield of 4.3% and is expected to continue its growth, with a potential rise in funds from operations (FFO) per share.   - Kinder Morgan's dividend currently yields 6.4%, and the company plans to raise its payment next year, marking its seventh consecutive year of dividend growth.   - Stag Industrial has rallied about 20% this year but still trades at a compelling valuation compared to its peers.   Cryptocurrency Market   1. Exolix Exchange: Exolix is a notable player in the crypto exchange market, offering a secure, non-custodial platform for trading and swapping cryptocurrencies. It features complete privacy, fixed rates, no limits on transactions, and robust security measures.   2. Cryptocurrency Predictions:   - Solana (SOL): There's a prediction of a significant trading volume surge, with the possibility of hitting a high value before 2024.   - Axie Infinity (AXS): It has seen a price increase of 35% and is preparing for a launch that might influence its value further.   - Fantom (FTM): Currently priced at around $0.49, it has a market cap of $1.48 billion and shows a bullish trend. It might continue to rise, aiming for resistance levels at $0.60, $0.65, and $0.70.

Senator Tommy Tuberville just disclosed dozens of stock and option trades. Many of the trades were in companies he directly oversees. Here are some that stood out: Massive stock sales, including closing out positions in over 40 companies — Cleveland-Cliffs (CLF), Intel (INTC), Paypal (PYPL), Barrick Gold (GOLD), Paramount Global (PARA), Humacyte (HUMA), and more. Option Call purchases in Barrick Gold (GOLD), Fifth Bank Corp (FITB), S&P Biotech ETF (XBI), Cleveland-Cliffs (CLF), Gilead Sciences (GILD). Option Put purchases in Cameco Corp (CCJ), Ark Innovation ETF (ARKK) , Cleveland-Cliffs (CLF), Gilead Sciences (GILD), Adobe (ADBE), Keycorp (KEY), Chevron (CVX). Representative Mike Kelly disclosed a trade in Cleveland Cliffs (CLF), including a purchase ranging from $50k-$100k. Representative Mark E. Green sold $100k-250k of NGL Energy Partners (NGL) stock on June 03. The stock has fallen nearly 11% since trade. Representative Mike Collins disclosed a purchases of a cryptocurrency called Veldrome. The coin appears to have a market cap of less than $100M. He has also purchased Ethereum (ETH) Representative Roger Williams has violated the STOCK act. He just disclosed trades from as far back as 2019, despite Congress being legally required to disclose trades within 45 days of when they are made. Trades include Alphabet (GOOGL), Eli Lilly (LLY), Meta (META), Disney (DIS)