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Grayscale launches Bitcoin Miners ETF to offer BTC mining exposure

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Grayscale Investments has launched a new Bitcoin Miners Exchange-Traded Fund (ETF), expanding its crypto-focused investment offerings. The ETF, designed to provide exposure to publicly traded Bitcoin mining companies, aims to attract institutional and retail investors looking to capitalize on the growing mining sector. This move comes as institutional interest in Bitcoin and blockchain-related assets continues to rise, particularly following the approval of spot Bitcoin ETFs earlier this year.

The new fund will track an index of leading Bitcoin mining firms, including companies engaged in mining operations, hardware manufacturing, and related infrastructure. By offering an ETF focused on miners, Grayscale is providing investors with an alternative way to gain indirect exposure to Bitcoin without directly holding the asset. The move is part of the firm’s broader strategy to expand its role in the regulated crypto investment space.

The Bitcoin mining industry has experienced a surge in activity, driven by higher Bitcoin prices and the upcoming Bitcoin halving event expected in April 2024. The halving, which reduces mining rewards, often leads to increased competition and potential profitability for well-established mining firms. With this ETF, Grayscale aims to give investors a way to leverage market trends in the mining sector while mitigating risks associated with direct Bitcoin ownership.

Grayscale’s latest launch comes as competition in the crypto ETF market intensifies, with firms like BlackRock and Fidelity also expanding their digital asset offerings. As regulatory clarity improves and demand for crypto investment products grows, the introduction of a Bitcoin Miners ETF signals a maturing market where traditional finance and digital assets continue to converge.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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