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Robert Locken reports Texas Governor Greg Abbott ordered an audit of all AI data centers trying to connect to the state's power grid. Bernstein analysts argue this moratorium makes approved, grid-connected Bitcoin mining sites far more valuable.
Coldcard users should immediately move funds to a new, securely generated seed, ideally using a hot wallet or an exchange for safety, or direct to miner transactions to avoid mempool snipers.
Vinny Lingham expresses concern that when Bitcoin's block rewards diminish in 8-12 years, insufficient transaction fees, coupled with price stagnation below $100K and hash power fragmentation across forks, could compromise network security against state-actor attacks.
For at-risk multi-sig wallets with un-reused addresses, Rob Hamilton suggests using Mara Slipstream to broadcast transactions directly to a mining pool, which helps prevent replace-by-fee attacks by faster confirmation.
Ionic Digital, a former Bitcoin mining company spun out of the Celsius bankruptcy, pivoted to AI infrastructure and went public on NASDAQ; Citadel was an early cornerstone investor.
Bitcoin's BIP 110 proposes reducing the mining consensus threshold from 95% to 55% for activation, with an approximate deadline for miner signaling around August 7th.
Citadel was a cornerstone investor in Ionic Digital, a new AI infrastructure stock that transitioned from Bitcoin mining and went live on NASDAQ, having previously been part of the Celsius bankruptcy payout.
BIP 110, a Bitcoin improvement proposal, requires 55% mining consensus to activate, a reduction from the standard 95%. Signaling is expected around August 7th, with activation potentially in September.
Current Bitcoin network stats show a price of $64,760, a market cap of $1.3 trillion, and an average block time of 10 minutes and 16 seconds. The mempool currently has 86,317 transactions.
Bitcoin's market cap stands at $1.3 trillion, with 20,063,151.14 bitcoins in circulation, an average of 0.02 BTC in fees per block, amidst 85,000 unconfirmed transactions, and a hashrate of 897 exahashes per second.