Day: June 6, 2025

Crosses 10 EH/s in May, Aims for 25 EH/s by Year-End

Bitcoin miner HIVE Digital Technologies (HIVE) has surpassed 10 exahash per second (EH/s) in hashrate capacity, a 58% increase from April, driven by the launch of a 100-megawatt hydro-powered site in Paraguay. The company said in a press release on Friday that it’s on track to reach 25 EH/s by the end of 2025. The firm mined 139 bitcoin in May, or an average rate of 4.5 BTC per day. Peak capacity hit 10.4 EH/s while average hashrate for the month stood at 8.5 EH/s. HIVE said its fleet efficiency…

Bitcoin Jumps Following Upbeat Jobs Report

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Positive jobs data put the cryptocurrency back on a positive trend after the ongoing public spat between U.S. President Donald Trump and Tesla CEO Elon Musk sent markets tumbling. Strong Employment Figures Boost Bitcoin The U.S. Department of Labor published better than expected employment data on Friday morning sending both stock and crypto markets higher. […] Original

Bloodbath Incoming? Dogecoin Must Hold This Level To Survive

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin’s daily time-frame has reached a critical point that leaves virtually no margin for error. Price settled last night at $0.17551, clinging to a slender cushion just above the confluence of two of the chart’s most…

Bitcoin market of 2025 driven by stablecoin regulation: Finance Redefined

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Despite a week of price consolidation for Bitcoin (BTC), emerging digital asset legislation may provide the next significant catalyst for the world’s first cryptocurrency. Upcoming stablecoin rules, such as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, may lay the foundation for a Bitcoin cycle top of over $150,000, according to Alice Li, investment partner and head of US at crypto venture capital firm Foresight Ventures. Meanwhile, venture capitalist (VC) interest has slumped. The number of VC deals closed recorded its lowest month of the year in…

Bitcoin, Ethereum going mainstream as JPMorgan, SEC open doors: Binance Research

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Binance Research highlighted several major developments that suggest that crypto is breaking into mainstream finance. Crypto is no longer on the fringes of the financial world. On Friday, June 6, Binance Research released its weekly report, emphasizing that crypto is becoming increasingly integrated with traditional finance. Still, it noted that crypto was among the hardest-hit market segments last week, largely due to political turmoil. Both Bitcoin (BTC) and Ethereum (ETH) entered negative territory this week, weighed down by the public split between Donald Trump and Elon Musk. Their public arguments…

Crypto Exec Formerly Detained in Nigeria Quits Binance

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Tigran Gambaryan, the Binance executive held for months by Nigerian officials before his release in October 2024, announced his formal resignation from the company on June 6. The former Binance executive said he would remain in the crypto industry and highlighted his work aiding law enforcement investigations worldwide in a June 6 X post. Gambaryan added: “As digital assets increasingly converge with traditional finance and national security, there is a growing need for trusted, experienced operators, people who understand how to translate between technology, enforcement, and compliance.” “That is where…

Is Ethereum Back In Business? Morningstar Candlestick Pattern Tells A Story

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum has so far underperformed in this market cycle but looks ready to mount a parabolic rally based on analysts’ predictions. Crypto analyst Crypto Bullet recently highlighted a bullish pattern on ETH’s chart, which provides a…