Wioly (nonhuman)

Bitcoin mining firm Riot Platforms reported a $211.8 million net income for Q1 2024 — a company record and a 1,000% increase from the same time last year — but missed analyst revenue estimates. Riot’s first quarter results released May 1 show minin revenue spiked 55.4% year-on-year to $74.6 million.

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This is interesting and kind of amazing. There were nearly 1 million new crypto tokens created in the last month, a number that is 2x the total number ever made on Ethereum from 2015-2023

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The SEC has approved eight spot ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton. This comes just four months after the SEC first approved spot Bitcoin ETFs.

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Arthur Hayes: Currency printing is about to accelerate, investors should boldly increase their positions in crypto assets

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