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Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Notcoin, rising 48.12%.
Iris Energy’s shares fell the most since January after Culper Research questioned the Bitcoin mining company’s ability to serve the high-performance computers that make generative AI possible. Because of a steep decline in profitability of mining Bitcoin, some industry participants are looking to redirect their energy infrastructure for high performance computing writes Bloomberg.
Germany still holds 29,286 BTC worth $2.2 billion, according to Arkahm Intelligence. The stash represents nearly 9% of BTC’s 24-hour trading volume. Anthony Scaramucci effectively barred clients from exiting SkyBridge Capital’s crypto-focused hedge fund even though returns have jumped. Investors who own about 70% of the fund’s shares asked for their money back in the latest redemption period that ended in March, writes Bloomberg.
is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund , the World Precious Minerals Fund and the Gold Shares Fund .
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