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  • Bitcoin Withdrawal Hits Stuns Crypto Exchange Binance.

Bitcoin Withdrawal Hits Stuns Crypto Exchange Binance.

Could Bitcoin be the Planet’s Next Green Hero?

Welcome to Crypto Wire — clear, concise, and crypto-smart.

What we’ll cover today:

🚀 A $96 Million Bitcoin Move.

🤔 Could Bitcoin be the Planet’s Next Green Hero?

📉 Is Gary Gensler's Reign Over Crypto Finally Coming to an End?

1. A $96 Million Bitcoin Move.

That’s right!

A massive transfer of 1,446 BTC (worth $96 million) just hit Binance.

It’s got everyone buzzing.

This happened just as Bitcoin dipped below $68,000.

Yet, the market isn’t flinching.

Instead, whales are buying more, hinting at confidence in a big rebound.

Current Scenario:

  • Bitcoin is priced at $67,281.26.

  • Down 1.33% in the past 24 hours.

  • Facing resistance at $69,000.

What’s Next?

  • Investors see this dip as a healthy pause, not a setback.

  • If BTC pushes past $69,000 and turns it into support, $71,000 could be the next target.

Breaking that could lead to a new all-time high above $73,000.

2. Could Bitcoin be the Planet’s Next Green Hero?

It might sound unlikely, but the world’s most famous cryptocurrency quickly becomes a clean energy powerhouse.

Today, 57% of the energy used to mine Bitcoin comes from hydro, solar, and wind renewables.

That’s up from just 33% in 2020.

Climate tech investor Daniel Batten calls Bitcoin a “net negative emissions network.”

It means Bitcoin pulls more carbon out of the air than it releases.

Here’s how Bitcoin is going green:

  • Renewable Energy: Over half of Bitcoin’s power comes from clean sources like hydro, solar, and wind.

  • Innovative Power Solutions: Some miners use landfill methane gas, turning waste into energy.

  • Efficiency Boost: The Bitcoin Mining Council reports a 50% drop in carbon emissions per unit of energy over four years.

The best part? Turning landfill gas into power could make Bitcoin even greener.

It creates profits through carbon credits, too.

Batten believes Bitcoin mining could be a surprising answer to climate challenges.

3. Is Gary Gensler's Reign Over Crypto Finally Coming to an End?

Securities and Exchange Commission Chair Gary Gensler. (Jesse Hamilton/CoinDesk)

For years, the SEC chair has been the industry’s biggest roadblock.

Enforcing strict rules, he’s shaken up the digital asset world.

But with a new presidential election around the corner, everything could change.

Will Gensler quietly step aside, or will he make one last bold move before he’s out?

If Trump wins, Gensler's exit might be quick and dramatic.

A Harris victory could mean a slower, more careful transition.

Key Points:

  • Critics argue Gensler's hardline tactics blocked innovation.

  • They claim he relied on enforcement instead of setting clear rules.

  • His regulations targeted crypto exchanges and custodians, sparking controversy.

But there’s a twist: some believe Gensler’s actions actually helped bring crypto into the mainstream.

With legal battles still raging, the future of U.S. crypto is as unpredictable as ever.

What do you think about today’s edition?

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Disclaimer:

This newsletter is for educational purposes and not intended as financial advice. Make your own investment decisions based on thorough research. Stay informed and cautious in the ever-changing crypto market.

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