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Riot Blockchain Earned $9.5M for Not Mining During Texas Heatwave
Bitcoin mining firm Riot Blockchain mined 318 bitcoins in July, 28% fewer than last July, as it shut some operations to accommodate the high energy demand during the heatwave in Texas. The miner gained $9.5 million in power credits and other benefits from the curtailment. Riot Blockchain Vice President of Capital Markets discusses the state of the mining industry and potential impact of the upcoming ETH merge on the sector.

Bitcoin Dives Out of Bullish Trendline
Bitcoin (BTC) was on an uptrend from July 11 to early this week, making higher lows. Yet, BTC seems to have broken the trend line after it dipped below $23,500. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day.

Bitcoin Falls for a Fifth Straight Day
Fairlead Strategies Founder and Managing Partner Katie Stockton discusses her crypto markets analysis and outlook as the price of bitcoin (BTC) dips lower for a fifth consecutive day.

Crypto.com Reportedly Reduces Workforce Since Initial Layoff Announcement; Canaan Sees 'Prolonged Headwinds' After Challenging Quarter
Crypto exchange Crypto.com has laid off hundreds more employees since the initial layoffs in June, according to The Verge. Bitcoin mining rig maker Canaan said tougher market conditions will hurt its financial performance near-term after a difficult second quarter. Cowen analyst Stephen Glagola downgrades his rating on bitcoin miner Stronghold Digital.

Memecoins on a Tear, Outperforming Bitcoin
New Crypto Watch data shows memecoins like on dogecoin (DOGE) and shiba inu (SHIB) are outperforming bitcoin (BTC). Plus, meme stocks like Bed Bath & Beyond are also surging. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day.

What Fed's July Meeting Minutes Mean For Crypto
The U.S. Federal Reserve's July meeting minutes released Wednesday suggest interest rate hikes are likely to continue until inflation comes down significantly. The Bitcoin Layer Founder Nik Bhatia discusses what rising inflation means for risk-on assets, crypto miners, and the broader markets. Plus, his outlook for bitcoin (BTC)'s price movement.

JPMorgan: Coinbase Would Benefit From ETH Merge; EU Lawmakers Seek to Cap Banks’ Bitcoin Holdings
Crypto exchange Coinbase (COIN) is positioned to benefit from the Ethereum Merge as clients get value from staking ether (ETH), JPMorgan analyst Kenneth Worthington said. European Union banks exposed to crypto would face caps and hefty capital requirements under proposed amendments to a financial-services law published Wednesday.

'Long and Arduous' Path Ahead For Crypto Lender Celsius, Says Legal Expert
The second day of Celsius Network's bankruptcy hearing is underway, with the troubled crypto lender's attorneys laying out a path forward for the company. King & Spalding LLP Partner Thad Wilson discusses his initial reactions, explaining why "the path here is going to be long and arduous for Celsius to otherwise emerge from Chapter 11."

Arca Exec on Bitcoin Outlook: 2022 Will Be ‘Pretty Tough’
Arca Portfolio Manager Hassan Bassiri discusses his analysis and outlook for bitcoin (BTC), saying 2022 will be a “pretty tough” year for the cryptocurrency. Plus, why bitcoin’s narrative as an inflation hedge needs to be renewed.

Bitcoin Consolidating in Bearish ‘Rising Wedge’ Pattern
Bitcoin has gained 36% in two months, offering relief to the battered bulls. However, according to Crypto Twitter, the recovery has suddenly drawn the shape of a “rising wedge,” or a bearish pattern, on price charts and could be short-lived. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
