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08:11

Bitcoin mining company Hut 8 launches a $1 billion financing plan.

Odaily News Bitcoin mining company Hut 8 announced the launch of a new up to $1 billion At-the-Market (ATM) stock issuance plan, replacing the $500 million plan for 2024 (approximately $300 million has been issued), intended for the expansion of high-performance computing and AI data centers. (The Miner Mag)

BTC1.24%

03:24

The encryption mining company Bit Digital has raised $150 million to purchase ETH.

Gate News bot reports that, according to The Miner Mag, the crypto mining company Bit Digital has raised $150 million in an initial public offering to accelerate its transition from Bitcoin mining to Ethereum equity and capital operations. The company issued 75 million shares at a price of $2 per share, with an additional 11.25 million shares available to underwriters through 30-day Options.

ETH3.57%

00:52

Standard Chartered Bank: Investors can view Bitcoin as a large tech stock, with a high correlation to Nasdaq in the short term.

According to data from Standard Chartered Bank, Bitcoin has a high correlation with the Nasdaq and can be seen as a large-cap technology stock, thereby benefiting from it. In addition, the correlation between Bitcoin and gold has been declining, remaining just above 0.2. Standard Chartered Bank believes Bitcoin can be included in a basket of seven major tech stocks, creating an index named "Mag 7B," which performs slightly better than "Mag 7."

BTC1.24%

00:21

Standard Chartered: Bitcoin offers higher returns and lower volatility after replacing TSL.

Standard Chartered Bank has constructed a virtual index "Mag 7B", finding that replacing Tesla with Bitcoin yields higher returns, lower fluctuations, and a higher correlation with Nasdaq, potentially becoming part of technology stock investments. Mag 7B outperformed Mag 7, with an average annual return rate higher by 1%, resulting in lower portfolio volatility and a higher information ratio. The convenience of Bitcoin trading is expected to attract more institutional funds.

BTC1.24%

13:28

Standard Chartered analyst: Investors should view BTC as a tech stock rather than a hedging tool.

According to BlockBeats news on March 24, as reported by Decrypt, Standard Chartered analyst Geoff Kendrick stated that given the high correlation between Bitcoin prices and the Nasdaq index, investors should view it as a technology stock rather than a safe haven against traditional market fluctuations. Kendrick created a hypothetical "Mag 7B" index, replacing Tesla with Bitcoin. If investors had operated this way since 2017, they would now have obtained an additional 5% return.

BTC1.24%

07:15

PANews reported on December 3 that, according to The Miner Mag, a former couple in Minnesota, USA, was accused in a civil lawsuit of stealing electricity to power at least 26 BTC ASIC mining rigs since 2022. Minnesota electric utility North Star filed a lawsuit against the former couple on Nov. 20, seeking at least $50,000 in damages from the defendants and the return of all profits made by the defendants through the alleged theft of electricity.

BTC1.24%

03:24

According to the latest report released by Rockstar Mag, quoted by IT House, citing game media Rockstar Mag, R Star will upgrade and improve the Rockstar RAGE game engine to further improve the visual effects, texture features and AI of "Grand Theft Auto 6" (GTA 6) games. Among them, by introducing AI elements, the interaction between players and NPCs is more natural, and the reaction of the police is closer to life.

Bitcoin mining company Hut 8 launches a $1 billion financing plan.

The encryption mining company Bit Digital has raised $150 million to purchase ETH.

Standard Chartered Bank: Investors can view Bitcoin as a large tech stock, with a high correlation to Nasdaq in the short term.

Standard Chartered: Bitcoin offers higher returns and lower volatility after replacing TSL.

Standard Chartered analyst: Investors should view BTC as a tech stock rather than a hedging tool.

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