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TeraWulf will produce 908 bitcoins in the second quarter of 2023

Bitcoin mining company TeraWulf has released its Q2 financial report. The report states that as of June 30, 2023, the hashrate increased by 67% in Q2 2023, reaching 5.5 EH/s. In Q2 2023, 908 Bitcoins were produced, a growth of 70% compared to Q1 2023. In Q2 2023, the income generated per Bitcoin increased by 21%, while the electricity cost per Bitcoin decreased by 15%. In addition, the revenue in Q2 2023 increased to $15.5 million, compared to $11.5 million in Q1 2023. Gross profit increased from $6.5 million in Q1 2023 to $10.3 million in Q2 2023, and gross profit margin increased from 57% in Q1 2023 to 67% in Q2 2023, an 18% increase.

The Bitcoin Private Key Generation Command Line Tool Bx Seed Has a Major Vulnerability of Weak Randomness, Which Has Been Fixed Now

On August 14th, it was reported that the milksad.info team had discovered a major vulnerability in the Bitcoin libbitcoin-explorer (command line tool bx) on July 21st. Currently, the GitHub page shows that the vulnerability has been fixed today and the bx seed command has been removed. The bx seed tool generates mnemonic words using only the system time as a source of randomness, so bx seed can only generate one of about 4 billion mnemonic words, making it easy for attackers to regenerate these 4 billion mnemonic words.

Goldman Sachs Analysts Expect Fed to Halt Interest Rate Hikes in September, Predict Bitcoin and Crypto Markets to Benefit from Declining Rates

Goldman Sachs analysts predict that the Federal Open Market Committee (FOMC) will halt interest rate hikes in September, followed by a decline in interest rates, which would benefit equity, Bitcoin, and crypto markets. The Nasdaq Composite and Bitcoin have both seen significant gains this year. Goldman Sachs expects interest rate reductions to begin in June 2024, with quarterly reductions thereafter.

The Newly Created Address Received 550 ETH From the Rollbit Hot Wallet Yesterday, and Continued To Buy UNIBOT and BITCOIN

On August 14th, according to Lookonchain monitoring, a new address created yesterday received 550 ETH (1.01 million US dollars) from the Rollbit hot wallet and continued to buy UNIBOT and BITCOIN. So far, the address has spent 203 ETH (370,000 US dollars) buying 2,047 UNIBOT at a price of 183 US dollars and spent 241 ETH (443,000 US dollars) buying 3.79 million BITCOIN at a price of 0.117 US dollars.

Justin Sun Says He Currently Holds More Than 100,000 Bitcoins

On August 14th, Tron founder Sun Yuchen tweeted that he is a supporter of Bitcoin and currently holds over 100,000 Bitcoins. He believes that "TRON, as a stablecoin network, may have a positive impact on the value of BTC."

The number of addresses holding more than 1 bitcoin hit a record high

On August 14th, according to glassnode data, the number of addresses holding more than 1 Bitcoin reached a record high of 1.014 million.

PlanB: Bitcoin is getting stronger and stronger, approaching $35,000

PlanB tweeted that Bitcoin is becoming stronger; RSI is still at 50 but rising; MVRV has turned green (29.5k = ~1.5*20k) and is moving towards the yellow zone (~1.75*20k = 35k).

Hedge Fund Veteran Mark Yusko Predicts Two Catalysts That Could Send Bitcoin Soaring by 410%

Mark Yusko, founder of Morgan Creek Capital, has identified two potential catalysts that could drive Bitcoin to new all-time highs. He believes that the upcoming halving event and the possible approval of a spot-based Bitcoin ETF could cause the price of Bitcoin to surge. Yusko predicts that fair value for Bitcoin will be $100,000 by the middle of next year, but the price could potentially rise to $150,000 depending on factors such as adoption and leverage. He also notes that even a small allocation of 1% to Bitcoin by US financial advisors using ETFs could have a significant impact on the cryptocurrency's price.

Hut 8 Produced 116 Bitcoins in July, With a Total Holding of 9,152

On August 12th, Hut 8 Mining, which is listed on Bitcoin, produced 116 bitcoins from mining in July, and the current total holding of bitcoins has reached 9152. In addition, Hut 8 sold 50 bitcoins in June and July, earning a total of $3.9 million in revenue.

Ethereum Open Interest Hits Near One-Year Low on CME

On August 12th, according to K33 Research data, open positions for Ethereum on the Chicago Mercantile Exchange (CME) hit a nearly one-year low, and open positions for Bitcoin also saw a significant decline.