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NIP Group Mining Initial Operation Period Output 151.4 BTC, Will Further Expand Mining Machine Deployment Within the Year

2 hours ago

NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) — U.S.-listed NIP Group disclosed Tuesday that it mined 151.4 Bitcoin (BTC) during the initial operational phase of its Bitcoin mining business, spanning September through November 2025. The total output is valued at approximately $14.2 million, the company noted. As of Jan. 15, NIP Group’s mining hash rate stood at 9.66 exahashes per second (EH/s). The firm plans to expand its mining rig deployment in January 2025, with expectations to mine roughly 140 BTC per month moving forward.
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Spot Silver Plunges 4.00% Intraday, Spot Gold Falls Below $4590/oz

Bitget Market Data (Jan 16): Spot gold has fallen below $1,590 per ounce, down 0.58% intraday. Spot silver has plunged 4% on the day and is last trading at $88.66 per ounce.

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Hassett Downplays Powell's Federal Criminal Probe, Says He Expects "No Issues"

On Friday, Jan. 16, White House National Economic Council Director Kevin Hassett downplayed a federal criminal probe into Federal Reserve Chair Jerome Powell, telling CNBC he expects “no issues.” Hassett noted in the interview the inquiry targeting the Fed is merely a routine information request, which will be provided promptly, with the full investigation to follow. He also called for greater transparency around cost overruns in the renovation of the Federal Reserve’s headquarters — a project also under Justice Department scrutiny.

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Hassett: If the Supreme Court Rules Against Him on Tariffs, Trump Can Immediately Impose a 10% Tariff

On January 16, Brian Deese—Director of the White House National Economic Council—stated that if the U.S. Supreme Court hands down an adverse ruling in the Trump tariff case, former President Trump could immediately impose a 10% tariff.

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Hawset: Will commit to maintaining the Fed's independence if offered the position of Federal Reserve Chair

On January 16, White House National Economic Council Director Hassett stated that if tapped for the Federal Reserve Chair role, he would prioritize boosting transparency and commit to upholding the Fed’s independence. He noted Walsh and Rieder would also be strong candidates for the position, adding that the central bank’s independence is critical to economic stability.

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Haslet: US Major Bank to Launch New 'Trump Card'

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A certain whale engaged in yield farming to acquire gold, purchasing 8337 XAUT.

January 16th — Per LookOnChain monitoring, a whale has used on-chain flash loans to accumulate gold: over the past 20 days, the whale borrowed 18.3 million USDC from Aave and purchased 8,337 XAUT gold tokens worth $38.4 million.

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