Shiba

Bitcoin

Shiba Inu

James

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">Here are the top three news stories over the past weekend brought to you by U.Today.</p>
<h2 dir="ltr" id="96-100-per-bitcoin-btc-for-miners-what-s-happening">$96,100 per Bitcoin (BTC) for miners: What's happening?</h2>
<p dir="ltr">As stated in a recent<a href="https://blog.coinshares.com/coinshares-q3-mining-report-23a06177291a" rel="noopener noreferrer nofollow">report</a> by CoinShares analyst James Butterfill, the average cost of producing BTC<a href="https://u.today/96100-per-bitcoin-btc-for-miners-whats-happening" rel="noopener noreferrer nofollow">climbed</a> to $96,100 for publicly traded miners; this figure includes noncash expenses, such as depreciation and stock-based compensation. Cash costs have also increased, reaching $49,500 per BTC in Q2, 2024, up from $47,200 in Q1, as mining conditions are becoming more complex and require greater capital investment. Despite these complications, miners still continue to expand their infrastructure as they hope for a potential rise in Bitcoin prices. However, operational difficulties persist, especially in obtaining affordable credit and coping with high interest rates following events like the FTX collapse. To navigate these challenging times, leading mining companies are seeking innovative solutions, including fixed-rate power contracts and the use of artificial intelligence. They are also under pressure to enhance cost efficiency and diversify their revenue streams ahead of the next halving.</p>
<h2 dir="ltr" id="shiba-inu-soars-6-153-in-weekly-burns-how-much-shib-was-burned">Shiba Inu soars 6,153% in weekly burns, how much SHIB was burned?</h2>
<p dir="ltr">According to data provided by Shibburn, over the past week, Shiba Inu<a href="https://u.today/shiba-inu-soars-6153-in-weekly-burns-how-much-shib-was-burned" rel="noopener noreferrer nofollow">has experienced</a> an astonishing 6,153% increase in its burn rate. Thanks to coordinated efforts from within the Shiba Inu community and various ecosystem projects, a total of 5,761,510,009 SHIB tokens were burned during this period. A significant contributor to this surge was a major burn event on Nov. 1, which accounted for 5,612,878,479 SHIB tokens being burned across six transactions. Despite these large-scale burns, no SHIB tokens were burned in the previous 24 hours, and the token has been declining since reaching $0.00001982 on Oct. 29. Currently, Shiba Inu is struggling to maintain critical support at $0.000017, trading at $0.00001711, per CoinMarketCap.</p>
<h2 dir="ltr" id="rich-dad-poor-dad-author-kiyosaki-warns-banking-crash-begun">"Rich Dad Poor Dad" author Kiyosaki warns: "Banking crash begun"</h2>
<p dir="ltr">Robert Kiyosaki, world-famous financial educator and author of “Rich Dad Poor Dad,” has recently taken to X platform<a href="https://u.today/rich-dad-poor-dad-author-kiyosaki-warns-banking-crash-begun" rel="noopener noreferrer nofollow">to issue a stark warning</a> about the U.S. banking sector. In his<a href="https://x.com/theRealKiyosaki/status/1852696565313605691" rel="noopener noreferrer nofollow">X post</a>, Kiyosaki wrote that the "banking crash" has already begun, marked by the recent closure of an Oklahoma bank. He expressed concerns that both the bond market and commercial real estate are at high risk of following the banking industry into a downturn, reinforcing his long-standing skepticism about the stability of the financial system. To preserve wealth amid the current turmoil on the financial markets, Kiyosaki believes, people should turn to investing in limited-supply assets, such as gold, silver and Bitcoin, which he refers to as the "people's money" due to their decentralized nature.</p> <a href="https://u.today/96000-per-bitcoin-for-miners-shiba-inu-soars-6153-in-weekly-burns-rich-dad-poor-dad-author-kiyosaki" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

$96,000 per Bitcoin for Miners, Shiba Inu Soars 6,153% in Weekly Burns, 'Rich Dad Poor Dad' Author Kiyosaki Warns Banking Crash Has Started:...

Table of Contents

U_Today

Other articles published on Nov 4, 2024

NFTs Reverse 7-Month Trend As Solana Rallies

Dogecoin Surges Amid Musk and Trump Connections

Bitcoin Spot ETFs Records $2.67B in Inflows in Just One Week

Bitcoin ETFs Surge with Record Inflows as Price Nears All-Time High

MakerDAO May Return as Core Brand After Sky Rebrand Faces Backlash

Bitcoin Could Hit $200,000 Regardless of Election, Says Bernstein

Join our free newsletter for daily crypto updates!