Government Auditors Question Evidence Behind DOGE’s $110 Billion Savings Claim
The Government Accountability Office found that the Department of Government Efficiency’s (DOGE) Wall of Receipts includes savings estimates that are incorrect or lack supporting evidence, casting doubt on the $110 billion the entity claims it cut from federal spending. The report examined the DOGE Wall of Receipts, the public ledger the initiative used to…
MARA and CleanSpark Post $851 Million in Combined Quarterly Losses
MARA Holdings (MARA) and CleanSpark (CLSK) reported heavy losses on August 6, extending a slump across public Bitcoin (BTC) miners as falling prices triggered large non-cash valuation losses. Both firms leaned on their pivot toward artificial intelligence and data center infrastructure, joining rivals TeraWulf, Core Scientific, and Cipher in betting that…
KOSPI, Nikkei Reverse Gains as SoftBank, SK Hynix Both Drop
KOSPI and Nikkei 225 reversed early gains as SoftBank, SK Hynix, and Kioxia slid in a broader memory chip selloff.
Bitcoin Active Addresses Surge to 8-Month High After Coldcard Panic
Bitcoin active addresses hit their highest daily level since December 2024 after users moved funds from wallets generated with vulnerable Coldcard firmware, seeking alternatives.
Gold ETFs Add $3 Billion in July Reversing Two-Month Outflow Streak
Global gold-backed exchange-traded funds (ETFs) attracted $3 billion in July, reversing two straight months of outflows and lifting total assets under management 1% to $530 billion. The turnaround coincided with gold ending a four-month losing streak, and the metal has carried that momentum into August. Europe Drives the July Turnaround Fund flows offer a…
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