JUST IN: 🟠 Publicly traded #Bitcoin mining company Riot Platforms $RIOT has sold 4,300 BTC to fund operational needs and data center expansion, and now holds a total of 11,380 BTC.

Bitcoin 100 Ranking: 13

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Bitcoin miners dumped 28,000 BTC worth $1.78 BILLION this year, an overlooked force behind the 27% crash.

It now costs around $74,000 to mine one Bitcoin, well above the $63,000 price, squeezing miners into selling.

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NEWS: 🇺🇸 White House to host gathering for crypto industry officials next week, POLITICO reports 👀

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🟢 Tether completed its first full financial audit, which it called the largest inaugural audit in history. KPMG issued an unqualified opinion, with the 2025 statements showing reserves exceeded liabilities by $6.814 billion.

📰 https://btctimes.com/tether-completes-largest-ever-inaugural-financial-audit

📣 https://x.com/BTCTimescom/status/2088256574670180562

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JUST IN: 🇺🇸 Citibank CEO says Clarity Act could promote financial crime 👀

"We have not given up on making improvements to the bill."

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BREAKING: 🇮🇪 Ireland MANDATES ID-checks on self-custody crypto wallets❗️

• Exchanges must indentify transfers.

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JUST IN: 🟠 MSCI could REMOVE Michael Saylor's Strategy and Metaplanet from indexes 👀

• Study looks cash flow & 'real business'

• Hits firms that raise cash to buy assets

• Still under review, decision due in October

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STRATEGY: 🟠 “Bitcoin doesn’t need MSCI. Neither does Strategy”

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GEORGE BODINE: 🟠 "It means a lot to me to get Bitcoin. That's what I want in life. That's what you should want, not some f*ing stock or or STRC or any other damn thing."

"One of the worst ads that they ever put out was from that same company that said 'we turned Bitcoin into money.' What a bunch of crap. Bitcoin is money."

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JUST IN: 🟠 Gemini discloses adding 1,689 BTC Bitcoin to their treasury, now totaling 5,528 BTC! 🚀

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NEW: 🇦🇪 UAE sovereign wealth funds Mubadala and Abu Dhabi Investment Council report owning a combined $763.7 million of BlackRocks Bitcoin ETF 👀

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JUST IN: 🟠 $326 billion Edleman Financial discloses owning $34 million in Bitcoin ETFs 💥

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Trump stated paying the $35T US national debt with Bitcoin

The debt has since risen to $40T, but the plan has not materialized.

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Treasury Secretary Bessent said Bitcoin is becoming a store of value

Bessent added, "People want to get their money out of China, but they won't let them."

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ICYMI: 🟠 Wells Fargo increased $MSTR Strategy position by 150%, now worth $185M.

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BTW: 🟠 Jeff Ross says the AI tech bubble is behaving similar to the 2007 housing bubble:

“The government will be forced to step in and flood it with cash to save it and what that means is it’s going to debase all Americans and all users of the US dollar… so they’re going to socialize the losses.”

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NEW: 🟠 Artem Chystiakov introduced DAMP, a decentralized asset management protocol for stablecoins and RWA on the Liquid Network 🌊

Fully onchain and self-custodial. No cosigner service is needed, powered by Simplicity.

Link to the full paper: https://github.com/Arvolear/research-papers/blob/master/simplicity/DAMP.pdf

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FYI: 🇺🇸 Former House Financial Services Committee Chair Patrick McHenry tells Bloomberg that the CLARITY Act will pass and Big Banks will turn into crypto's biggest supporters:

"Clarity Act will be passed later this year"

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