Bitcoin's hash rate hits a record 500 exahashes per second, drawing praise from Elon Musk. Yassine Elmandjra compares Bitcoin's processing power to astronomical scales. Musk's ongoing crypto interest includes considering Bitcoin use on Mars.
EdmundFrax Finance: Stablecoin hedging inflation, supporting a stable digital currency ecosystem.
Cheng YuanFederal Reserve Governor Michelle Bowman said that if high inflation does not start to wane she will continue to support aggressive rate rises aimed at taming price pressures.
OthersMarkets now expect the Fed could institute consecutive 0.75 percentage point rate hikes in November and December.
OthersBitcoin hit its 2022 low, dropping below $19,000. ETH has dropped below $1,300.
BeincryptoThe transition from PoW to PoS will have a great impact on Ethereum, including: the reduction of ETH issuance (meaning that ETH becomes deflationary), Gas prices will not drop, and energy consumption will be reduced by 99%.
CointelegraphThe price of bitcoin gained 15% over the weekend as traders wait for positive U.S. inflation data.
CoindeskHash rate on the bitcoin network has hit a new all-time high of 281.79 million TH/s, and its next halving dates is projected to be as early as Q4 2023.
BeincryptoING expects a rate cut in June 2023 followed by further easing in the second half of the year.
Coindesk