Bitcoin Halving Explained 📱PARA RIOT 📈 ARM SMCI 📉

FlowBank's hand-curated fresh financial news [header_noDither] Bitcoin Halving & Its Market Impact Bitcoin has undergone its fourth halving, an event that cuts the rewards for mining the cryptocurrency by half, as part of its strategy to control supply and enhance its value. This reduction from 6.25 to 3.125 bitcoins per block aims to maintain bitcoin's appeal as "digital gold." The immediate effects include a potential drop in the hash rate, as mining becomes less profitable, which may drive less efficient miners out of the market. However, factors like the introduction of spot bitcoin ETFs could create a demand shock that might counterbalance the reduced supply. In the long term, if bitcoin's price continues to rise, the decreased block reward might still yield significant returns for those miners who can sustain operations through cheaper power sources and efficient technologies. WHAT'S MOVING [Group 1742 (72)-1] [Start Trading](113/cXx8Z04/VWN86R4qSnRwW55hMYZ1-8xdPW7dH9HJ5db05nN5wYXRl2-ZVTW6N1vHY6lZ3lqW1WN0nl6QlZf8W99rHk56X7knMW6_pv-w3hWpGNVMXDFB7r7pyNW7VpB9m2ljVyLW2Wqn405j20nJW3S-7Gg4Ff7SzW7V2Lj-8CSRpMW4hnkXW7FSlRTN1YZ2Ns6YTk2W6cSjwQ13GzChVqV3Vy53XMVlN3Dwx9rWnHlgW55zMyw23MbclW3kbwKm4XpvBcW7-bTxs6hLc12W3RlfW86D30g4N5PJ1TQ8nn94W2rGzFt1-QS7cW2Cx6nM7f567hW32PrX-8S4gvmW1_B8268g8cpMf8Ww3bW04) [Group 3 (70)-1] Apple Under orders from the Chinese government citing national security concerns, Apple has removed several major messaging apps, including WhatsApp and Threads, from its App Store in China. [Group 1754 (21)] Nvidia Nvidia shares plummeted 10% in a single day, marking their worst performance since March 2020, following unexpected movements in the stock of Super Micro Computer, a key builder of Nvidia-based servers. [Group 1753 (21)] Tesla Tesla has initiated a voluntary recall of 3,878 Cybertruck vehicles to address a "trapped pedal" issue that could cause unintended acceleration, a problem highlighted by a viral TikTok video. WHAT'S COMING UP? EUR: Eurogroup Meetings IN OTHER NEWS Wall Street U.S. stock futures rose on Monday, signaling a potential rebound for Wall Street after a sharp downturn in tech stocks. Last week, the S&P 500 and Nasdaq Composite dropped 3.05% and 5.52%, respectively, marking six consecutive days of losses. The Nasdaq fell 2% on Friday, with Nvidia's shares plunging 10%. Meanwhile, the Dow remained relatively stable, showing minimal changes due to its lower tech exposure. [Group 1769] Europe & Asia-Pacific European markets are poised for a positive opening Monday after last week's volatility due to Middle East tensions and shifting interest rate expectations. Meanwhile, Asia-Pacific markets are recovering from Friday's losses, with investors eyeing new data from China, Japan, and South Korea. Last Friday's market drop followed an Israeli strike on Iran, prompting a shift to safe-haven assets. MARKET INSIGHTS Still Time to Invest in Gold at a Record High? It has been a golden start to 2024 with the price of gold shooting to record highs, north of $1300 per oz. Why have the gold bugs returned and is there still time to buy gold? [Read more](113/cXx8Z04/VWN86R4qSnRwW55hMYZ1-8xdPW7dH9HJ5db05nN5wYXQM2-ZVTW5BW0B06lZ3nZW9cYYj88v_Rr-W3Ql6nX4q1nWpW2gy05X8lD6yLW7K_PpT7dHW6VW1kng4771544WW6Fcv3K5b5ts5W12StTs20dp2FW7pqK614R_-2rW8Js-dc1B2LvLW5SpmC08-YyxjW6fN81r57Rf5CW7dNXxD8KvgZ-W5LG6-Q7cF8MXW5qRHj419Tk5NW8r99cd8DvnycW1NgLw61RN7CMW7ThNJq4ypz7SW1V_bKF94XBLdf2Tm8pb04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. 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