Marathon Digital CEO: Bitcoin Halving Bull Market Is Just a Fantasy, Bitcoin Needs To Expand
Fred Thiel, CEO of Bitcoin mining company Marathon Digital Holdings, shared his views on Bitcoin halving and the future of miners in an interview:
1. Thiel believes that the Bitcoin halving bull market is just a fantasy and he does not think it will happen. He thinks that the price of Bitcoin is more related to transaction prices and liquidity cycles than to the halving event.
2. Thiel mentioned that they hold about 39,000 Bitcoins and $1 million in cash. If the price does not improve significantly after halving, they will continue to sell the Bitcoins they receive until 2026.
Anguilla’s National Domain Name “AI” Domain Name Has Become a Digital Gold Mine: Domain Name Sales Revenue May Account for 10% of Its GDP This Year
Anguilla is expected to earn up to $30 million in revenue with its top-level domain ".ai" due to the rapidly increasing interest in the field of artificial intelligence (AI), making the ".ai" domain particularly attractive to technology companies. This is particularly important for Anguilla's economy, which relies on tourism, especially in the face of the impact of the COVID-19 pandemic.
friend.tech Protocol Revenue Picks Up, Hit $148K Yesterday
On September 5th, according to DefiLlama data, the revenue of the friend.tech protocol rebounded, with revenue reaching $148,000 yesterday, the lowest point in recent times being $60,000 on September 1st.
Meitu Released Its 2023 Interim Performance Report: Book Impairment of Cryptocurrencies Held by It Rebounded by 186 Million Yuan
Meitu Inc. recently released its mid-term performance report for 2023. The data shows that in the first half of this year, Meitu's revenue reached 1.261 billion yuan, a year-on-year increase of 29.83%; the net profit attributable to shareholders reached 228 million yuan, turning losses into gains compared to the same period last year, and exceeding the previously forecasted range of 220 million yuan to 265 million yuan.
Bitcoin Mining Company Cathedra Bitcoin Q2 Revenue Was 2.14 Million US Dollars, Output 77.15 BTC
Cathedra Bitcoin, a bitcoin mining company, released its Q2 financial report ending June 30, 2023. The mining business produced 77.15 BTC in Q2, a YoY increase of 33.8%; Q2 revenue was CAD 290 (approximately USD 2.14 million), a YoY increase of 16%.
OpenAI’s Revenue Is Expected To Exceed $1 Billion in the Next 12 Months
According to insiders, OpenAI is expected to generate over $1 billion in revenue within the next 12 months by selling its artificial intelligence software and computing power, far exceeding the company's previously disclosed revenue expectations to shareholders. This means that OpenAI's monthly revenue will exceed $80 million. Earlier this year, when investors bought shares from existing shareholders, the company's book value was $27 billion. Last year, before OpenAI started charging for ChatGPT, it generated only $28 million in revenue.
BIGG Digital Assets Q2 Total Revenue of 1.35 Million US Dollars, Its Encryption Exchange Netcoins Revenue of 1.02 Million US Dollars
Singapore cryptocurrency company BIGG Digital Assets released its Q2 financial report, with total revenue of $1.35 million, of which its subsidiary cryptocurrency trading platform Netcoins generated revenue of $1.02 million, and Blockchain Intelligence Group generated revenue of $330,000.
As of June 30, 2023, BIGG Digital Assets' cash and cryptocurrency in its treasury amounted to $12.3 million, with no debt. In addition, Netcoins currently holds client assets worth approximately $66 million.
Bitcoin Miners Struggle as Hash Rate Reaches New Highs and Revenue Slumps to 2022 Levels
Bitcoin mining revenue has dropped to levels not seen since November 2022, despite the hash rate reaching new highs. The Bitcoin network hash rate has surged 54% from the beginning of 2023 and 80% over the past year, according to Blockchain.com. However, the revenue has fallen sharply to $0.060 per terahash per second per day, around half of what it was in early May. Bitcoin miners have reportedly been relying on funds from stock sales in the second quarter to keep them afloat during the bear market.
OnlyFans Parent Company Invested Nearly $20 Million in Ethereum in 2022
Fenix International, the parent company of OnlyFans, has disclosed that it invested almost $20m in Ether between 2021 and 2022. However, due to a decline in crypto asset prices, the value of its Ether holdings decreased by $8.5m by the end of November 2022. As of 30 November 2022, the carrying amount of the company's ETH holdings was $11.4m. Despite this, OnlyFans experienced solid growth in the reporting period, with a 16.6% increase in revenue, a 47% increase in the number of creators, and a 27% increase in total subscribers.
Legal Expert: Friend.tech Could Get SEC's Attention
The decentralized social media platform Friend.tech was popular over the weekend, generating over $1 million in revenue within 24 hours. Mitchell Silberberg & Knupp partner Mark Hiraide stated that this could attract the attention of the SEC.
