Crypto Pressured: Norway Mining Freeze

Hey crypto trailblazer, 👋

The crypto world is feeling pressure from both the political arena and environmental regulators. Let’s dive into two stories shaking things up:

⚡ Norway to Freeze New Bitcoin Mining Sites

Norway is moving to temporarily ban new crypto mining centers, citing power grid concerns and minimal economic benefit. The ban would kick in this fall and target energy-intensive mining operations like Bitcoin.

Why it matters:

• Europe is tightening its grip on proof-of-work mining.

• This adds fuel to the debate over crypto’s energy impact.

• Mining companies may be forced to relocate or pivot to renewable strategies.

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🧨 Market Reacts to Trump vs. Gabbard

Trump slammed Tulsi Gabbard for saying Iran doesn’t have nuclear capabilities, insisting the country could "build a bomb within weeks." His hawkish tone rattled global markets and crypto wasn’t spared.

The fallout:

• Bitcoin dipped below $104K amid a broader flight from risk assets.

• Altcoins and crypto equities followed, echoing geopolitical anxiety.

• Gabbard excluded from Trump’s inner circle weighing action against Iran.

Bottom line: Political tension and policy crackdowns are testing crypto’s resilience.

Stay epic,

Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.