Day: June 18, 2025

Producers Behind 99% of Bitcoin Mining Hardware Move to US

Bitmain, Canaan and MicroBT — who collectively produce nearly all of the world’s Bitcoin mining application-specific integrated circuits, or ASICs — are bringing production to the US, according to a Wednesday report by Reuters. The shift comes in response to hefty reciprocal tariffs imposed on China by US President Donald Trump. Tariffs currently stand at 25% on products imported from China after previously exceeding 100%. An April study by the University of Cambridge shows that Bitmain is responsible for 82% of Bitcoin (BTC) ASIC production, MicroBT for 15%, and Canaan…

Bitcoin Volume Surges 100% Amid War Threats – What To Expect

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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. Amid the chaos that was sparked by Israel’s attack on Iran, Bitcoin has climbed again, shaking off the losses triggered by the conflict. Not only has the price seen an increase from its last week’s lows,…

HYPE Price Drops 4% as Whale Sells, But Demand Remains High

Key Notes A whale sold 126,772 HYPE worth $5.31 million earlier today. The dump triggered a sharp 4% daily drop in HYPE’s price. Eyenovia is backing HYPE with a $50 million private placement to build a strategic reserve. Hyperliquid HYPE $39.89 24h volatility: 1.8% Market cap: $13.33 B Vol. 24h: $437.19 M is trading around $40.5 on June 18, down over 4% in the past 24 hours after peaking at $45.5 earlier this week. The token’s market capitalization also fell 4.5% to $13.52 billion as broader crypto markets faced selling…

Goldman Sachs bets on Bitcoin ETFs; Whales eye this presale

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Goldman Sachs loads up on safe, regulated Bitcoin ETFs, crypto-native whales are chasing bolder bets, like APORK, a memecoin mixing virality with real utility. In February 2025, we saw that Goldman Sachs make a significant investment in Bitcoin ETFs, as it increased its holdings in the iShares Bitcoin Trust (IBIT) by 28%. For a firm that manages billions in client capital, Bitcoin (BTC) via ETF is the safest…

Blockchain Group Adds $20M in Bitcoin, Now Holds Over $170M

Paris-listed technology firm The Blockchain Group has expanded its Bitcoin reserves with the purchase of 182 BTC for approximately $19.6 million, bringing its total holdings to 1,653 BTC. At current market prices, the company’s stash is valued at over $170 million. The latest acquisition by Europe’s first Bitcoin treasury company, finalized on June 17, was funded through a series of recently completed convertible bond issuances totaling nearly 18 million euros ($20.7 million), the firm said in a Wednesday announcement. Notable investors in the round included UTXO Management, Moonlight Capital, TOBAM,…

Canada-based AgriFORCE launches Bitcoin mining site powered by stranded gas

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AgriFORCE Growing Systems Ltd., a Canadian agricultural company, has launched a Bitcoin mining operation in Alberta, powered by stranded natural gas. In its June 17 announcement, AgriFORCE said the site was launched in partnership with energy provider BlueFlare Energy. The site, located in Berwyn, Alberta, is the company’s first operational deployment under its Power & Compute Initiative. It uses 425 kilowatts (kW) of power to support 120 Bitmain S21 ASIC miners, delivering over 32 petahashes per second (PH/s) of computing power. The deployment includes a custom-engineered mining pod with high-efficiency…

Chinese Bitcoin mining hardware giants are closing in on U.S. markets, what are the risks?

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Three Chinese firms that control more than 90% of Bitcoin mining hardware market are reportedly setting up manufacturing hubs in the U.S. as direct result of President Trump’s tariff war. According to a recent report by Reuters, the world’s top three Bitcoin (BTC) mining hardware manufacturers, all originating from China, are gearing up to penetrate the U.S. market. The three companies, which are Bitmain, Canaan and MicroBT, have a stronghold on 95.4% of the machinery used in global mining rigs, according to an estimation from Consultancy Frost & Sullivan in…

Iranian Crypto Exchange Nobitex Loses $82M in Cyberattack as Israel-Iran Tensions Escalate

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Iran’s largest cryptocurrency exchange Nobitex suffered a major security breach that drained approximately $82 million from its digital wallets, with an Israeli-linked hacking group claiming responsibility for the attack. Predatory Sparrow Hackers Hit Iran With $82M Crypto Heist The group known as Gonjeshke Darande, which translates to “Predatory Sparrow,” announced the hack on social media platform X, warning they would release the exchange’s source code and internal documents within 24 hours. The hackers used provocative wallet addresses containing anti-Iranian messaging to move the stolen funds across multiple blockchain networks. bypassing…

Iranian Crypto Exchange Nobitex Hacked for Nearly $82 million by Suspected Israeli Group

Shaurya is the Co-Leader of the CryptoX tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…