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The FOMC Minutes are scheduled to be released today, but Fed officials have already become more cautious about rate cuts, expecting the first cut in the year’s second half.
The crypto market saw $218 million longs liquidated in a total liquidation of more than $300 million.
BITCOIN TANKS TO 1-WEEK LOW AMID WHALES AND NVIDIA CONCERNS
Bitcoin threatened to break away from its trading range at the start of the Wall Street day on February 21, as resistance remained solid.
SHIBA INU TEAM BEGINS TESTING OF AUTOMATED SHIB TOKEN BURN MECHANISM
RagnarShib, a Shiba Inu ecosystem team member, updates the community on Shibarium’s automated SHIB token-burning mechanism.
The testing phase for the Shibarium burn mechanism has officially started and deployed on Puppynet, the testnet version of the L2 scaling solution.
There was a misunderstanding regarding the deployment timeline, with some community members expecting a mainnet launch in January.
U.S. RAMPS UP PRESSURE ON CRYPTOCURRENCY MINERS
The U.S. Energy Information Administration (EIA) is investigating the energy consumption of cryptocurrency mining operations.
Crypto mining’s immense power use is compared to that of small countries, raising concerns over electricity demand and costs.
The EIA’s initiative aims to identify the biggest energy consumers among crypto miners and their impact on state energy prices and supply.
@xiaoyu_1411 US unemployment rate exceeds expectations in January, with a substantial increase in job creation, boosting prospects for rate reduction.📈.