The IMF warns that these two major industries are comparable to "electricity-hungry giants": their power consumption approaches that of a major economy.

①IMF Deputy Managing Director Gita Gopinath is concerned that the energy consumption and carbon footprint of cryptocurrency mining and datacenters are rapidly increasing; ②She expects that by 2027, the share of these two industries in global electrical utilities may rise from 2% in 2022 to around 3.5%; ③This level is comparable to the current electricity consumption of Japan, the world's fifth largest electricity-consuming country.

cls.cnNov 18 05:11 ET

The Trump Playbook? Polish Presidential Candidate Mentzen Promises To Establish Bitcoin Reserve

BenzingaNov 18 03:34 ET

Allies of Trump have proposed a bold plan: to sell the gold reserves of the Federal Reserve to purchase 1 million bitcoins.

① An ally of President Trump, elected in the usa, is currently proposing a bold plan in the usa Senate. ② This plan could fill the bitcoin global strategy reserve proposed by Trump without increasing the federal deficit, and its approach is very straightforward: sell some of the gold reserves of the Federal Reserve...

cls.cnNov 14 21:04 ET

Bitcoin rally pauses: halftime break or already at the peak?

①After Bitcoin reached a high of $90,000 and fell back, analysts pointed out that as the market gradually digests the positive impact of Trump's election on cryptocurrencies, Bitcoin's rise has entered a consolidation phase; ③Although Trump's policies are likely to boost inflation and be bearish for cryptocurrencies, the market sentiment remains positive, with Bitcoin call options still betting on the price breaking through $0.1 million.

cls.cnNov 13 02:48 ET

Crazy cryptocurrency market! Analysts are betting that bitcoin will not experience a significant pullback until it reaches $150,000.

①Bitcoin's price has surged nearly 30% in the past seven days, breaking through $89,000 in the past 24 hours; ②Analysts predict that Bitcoin's price will continue to rise due to positive political momentum, social media hype, continued interest rate cuts, and the prospect of becoming a strategic reserve asset for the United States.

cls.cnNov 12 03:21 ET

The US dollar, bitcoin, and Tesla are surging! Investors are all in on the 'Trump trade'.

The 'Trump trade' is causing a new wave, the dollar hitting a more than four-month high, non-US currencies under pressure; Bitcoin is unstoppable, aiming for the milestone of 0.1 million US dollars before the end of the year; Tesla, since the election day, has seen an almost absurdly large rebound of 39%.

wallstreetcnNov 11 20:14 ET