tl;dr
• Daniel Batten, an Environmental, Social, and Governance (ESG) advocate, criticizes the IMF's report on Bitcoin mining emissions, claiming it is biased and flawed, and dismisses the proposed tax on crypto mining as an effort to hinder Bitcoin adoption.• Hut 8 Corp. reports a $71.9 million loss for ...
• Daniel Batten, an Environmental, Social, and Governance (ESG) advocate, criticizes the IMF's report on Bitcoin mining emissions, claiming it is biased and flawed, and dismisses the proposed tax on crypto mining as an effort to hinder Bitcoin adoption.
• Hut 8 Corp. reports a $71.9 million loss for Q2 2024 despite a 72% revenue increase, attributed to digital asset fair value adjustments and declining Bitcoin prices, while restructuring efforts and a partnership with Coatue aim to improve future performance.
• Stock markets show signs of recovery, while crypto markets face resistance, with upcoming economic data reports and the Federal Open Market Committee meeting likely to influence volatility.
• Goldman Sachs raises the probability of a US recession to 25% by year-end due to rising unemployment and an increase in bankruptcy filings, signaling ongoing financial pressures.
• US household debt reaches a record $17.80 trillion according to the New York Fed, with increases in student loans, mortgages, credit card debt, and rising delinquency rates, indicating growing financial strain on consumers.
• Coinbase launches a $15,000 grant program to fund AI-built decentralized applications, aiming to integrate AI agents with crypto wallets for automated payments and services.
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