EddieJayonCrypto

 13 Aug 24

tl;dr

• Argo Blockchain repays a $35 million loan ahead of schedule, boosting investor confidence and stock performance.• Bitcoin mining hashrate declines by over 8%, raising concerns about miner profitability and potential network impacts.• Northwestern Mutual places a $2.7 billion bet on Treasury bonds,...

• Argo Blockchain repays a $35 million loan ahead of schedule, boosting investor confidence and stock performance.
• Bitcoin mining hashrate declines by over 8%, raising concerns about miner profitability and potential network impacts.
• Northwestern Mutual places a $2.7 billion bet on Treasury bonds, anticipating a recession driven by a cooling labor market.
• The DeFi Education Fund settles legal disputes with MakerDAO and Compound, securing the future of oracle-like technology for DeFi protocols.
• Tether’s CEO Paolo Ardoino announces venture capital plans focused on AI, signaling the company’s expansion beyond digital assets.
• Bitget Wallet doubles its user base to 30 million in under a year, setting a new record for global app downloads, driven by advanced trading capabilities and the growing TON ecosystem.

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