Crypto News Today – July 10th, 2024

Welcome to “Crypto News Today,” your daily summary of the Crypto Industry.

TeraWulf Eliminates Debt Ahead of Schedule

TeraWulf Inc. (NASDAQ: WULF) has retired $77.5 million of debt ahead of schedule, showcasing its strong financial position and strategic planning. The company plans to expand its energy infrastructure capacity to 295 MW this year, positioning itself for further growth in the energy and technology sectors. Read all about it on the TDR Website!

Hut 8 Secures West Texas Site for Expansion

Hut 8 Corp. (NASDAQ: HUT, TSX: HUT) has executed definitive agreements for a site in West Texas, securing 205 MW of immediately available power. This strategic move aims to boost their mining capacity and operational efficiency.

AI Tokens Outperform CoinDesk 20 Index

AI-related crypto tokens have surged, outperforming the CoinDesk 20 index. This trend is driven by strong earnings and a positive outlook from Nvidia, boosting investor confidence in AI technologies.

Worldcoin Opens Layer 2 Project to Developers

Sam Altman’s Worldcoin has launched its Layer 2 project, World Chain, to developers. This initiative aims to enhance scalability and developer engagement within the blockchain ecosystem.

Bitcoin ETF Traders Buy the Dip

Bitcoin ETF traders have capitalized on the recent price dip, resulting in nearly $300 million in inflows. This activity highlights continued investor interest and confidence in Bitcoin’s long-term value.

Blockchain Startup Rome Raises $9M

Blockchain startup Rome has raised $9 million to support Ethereum Layer 2 solutions through Solana. The funding will be used to enhance interoperability and scalability across blockchain networks.

VanEck and 21Shares Confirm Solana ETF Plan

VanEck and 21Shares have confirmed plans to launch a Solana ETF, as per a CBOE filing. This move aims to provide investors with direct exposure to Solana’s growing ecosystem.

Bitcoin Mining Difficulty Drops

Bitcoin’s mining difficulty has experienced a significant drop, comparable to the impact of the FTX collapse. This reduction may influence mining profitability and network security dynamics.

Read more crypto news on the TDR Website! 

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