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Bitcoin mining company Rhodium Enterprises has initiated Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of Texas, disclosing potential liabilities of up to $100 million.
Nasdaq is seeking regulatory approval to introduce and trade options linked to a bitcoin index, the exchange operator announced on Tuesday.
Jerome Powell, the Federal Reserve Chair, recently hinted at a potential interest rate cut in September, which could shake up the cryptocurrency market.
The global count of Bitcoin millionaires has surged by 111% over the past year, reaching 85,000 individuals with holdings exceeding $1 million in BTC.
Spot Bitcoin exchange-traded funds in the US recorded an eighth consecutive day of positive net inflows.
A well-known crypto analyst predicts that overleveraged Bitcoin (BTC) bears could soon face significant losses.
Concerns over possible interest rate cuts in September have driven a surge in Bitcoin-related exchange-traded products (ETPs).