Author: boss

Bitcoin Near $63.5K Is Hovering at What It Costs to Mine BTC, Leaving Miners at Break-Even

boss

Key Takeaways Bitcoin hit a 2026 low of $59,100 last Friday, sending its market cap below $1.2 trillion for the first time since Oct. 2024. Capriole’s Charles Edwards pegs bitcoin’s electrical-cost floor at $50,000 as spot prices test the production cost. Miner profitability has slumped to a 14-month low, pushing weaker rigs toward shutdown territory. Miners Squeezed to the Break-Even Line The recent selloff has dragged bitcoin back to a price band that has historically marked long-term value. In an X post, Edwards, the founder of Capriole Investments, wrote that…

Bitcoin price stalls near $64K before key U.S. inflation data

boss

Bitcoin recovered from last week’s fall toward $59,000 and briefly tested $64,156.  Summary Bitcoin holds above $62,000, but weak demand leaves the recovery vulnerable before key inflation data. An oversold RSI supports a relief bounce, while $64,200 remains the first major resistance level. Losing weekly support could expose $59,100, while some analysts see deeper downside toward $50,000 next. However, the rebound has not changed the wider downtrend. Bitcoin traded near $63,200 at the time of writing, according to crypto.news price data. The market now faces two tests. Traders want stronger…

Why A Rally To $10 Could Happen Despite Disappointment

boss

After long years of muted performance, the XRP price had rebounded in 2024, pushing close to its $3.8 all-time high, but not quite hitting the mark. This comes after the legal battle with the United States Securities and Exchange Commission (SEC) ended in 2024, triggering a wave of recovery. Since then, though, the XRP price seems to have hit a ceiling and has been on a downtrend for over a year. This has pushed the price toward $1, an over 60% decline from its 2024 peaks. Despite this, predictions continue…

AI-Assisted Attackers Target Hidden DeFi Code

boss

Unverified smart contracts were linked to at least $36.7 million in losses across four DeFi exploits over the past six months, as attackers increasingly target protocols whose source code is not publicly available, according to Chainalysis. The largest incident involved Truebit, which lost $26.2 million after an attacker exploited an integer overflow vulnerability in a contract that had remained unverified on Ethereum since 2021. The other incidents involved Trusted Volumes, Aperture Finance and Ekubo, according to the report. In each case, the exploited contract had not been verified on a…

Merck, Hashgraph Expand Hedera Platform for EU Product Passports

boss

The Hashgraph Group and Merck have integrated the German tech maker’s product authentication technology with TrackTrace, a Hedera-based digital product passport platform introduced in February, as businesses seek to comply with new European Union supply-chain transparency and traceability requirements. Under the arrangement, Merck’s M-Trust technology embeds security markers into products and packaging that can be verified with a handheld scanner. Authentication data is then recorded on The Hashgraph Group’s TrackTrace platform, creating a digital record linked to a product’s Digital Product Passport. The companies said the integration combines physical product…

Kraken Joins FIFA World Cup 2026 as Crypto Exchange Sponsor

boss

Kraken has been named the official crypto exchange supporter of the FIFA World Cup 2026, giving the crypto exchange a presence at one of the world’s largest sporting events. The company said Tuesday that the partnership will include fan activations and product experiences throughout the tournament. The 2026 World Cup is expected to be the largest in FIFA history, with an expanded field of 48 teams and 104 matches across 16 host cities in the United States, Mexico and Canada. FIFA projects the competition will attract a cumulative global audience…

Crypto Groups Push Senate on CLARITY Act Vote

boss

More than 200 crypto companies and organizations have urged the US Senate to pass the CLARITY Act, amid concerns that continued stalling could see it miss an important legislative window. In a letter on Monday shared by crypto lobby group Stand With Crypto, the group called on Senate Majority Leader John Thune and Minority Leader Chuck Schumer “to bring the Clarity Act to the Senate floor without delay.” It said the Senate Banking Committee’s vote last month to pass the bill took “months of serious, bipartisan work” and the Senate…

Autonomous AI Agents Pose Crypto Financial Risks

boss

Artificial intelligence agents that have autonomous access to crypto wallets could become unstoppable if deployed maliciously or if they escape from sandboxes, experts from a leading academic research consortium warned. “Unstoppable Autonomous Agents” (UAAs) pose a clear threat if they are deployed to persist automatically and have access to digital assets, according to a June 8 industry review written by 25 academics and experts from top US universities for the Initiative for Cryptocurrencies and Contracts (IC3). “When combined systematically, crypto tools can channel AI’s fluid power into secure, reliable, and…

Circle launches cirBTC on Ethereum with 1:1 Bitcoin backing

boss

Circle has launched cirBTC on Ethereum, introducing a wrapped Bitcoin token backed 1:1 by BTC and supported by onchain reserve verification through Chainlink Proof of Reserve. Summary Circle has launched cirBTC on Ethereum, offering a wrapped Bitcoin token backed 1:1 by BTC held in regulated custody. Chainlink Proof of Reserve has been integrated to provide onchain verification of cirBTC reserves and custody holdings. Circle said cirBTC will work with Circle Mint and is expected to expand to additional blockchains through Arc. According to Circle, cirBTC is now live on Ethereum…

Bitcoin Futures Reset As Buyers Step In Near $59K

boss

Bitcoin (BTC) rallied toward $64,000 on Monday, but futures market activity was lagging, which may be a sign that the rebound could lose momentum. Traders placed nearly $162 million in buy orders between $57,000 and $59,000, forming one of the largest visible liquidity clusters below the current pricing, potentially setting the stage for BTC’s next move.  Bitcoin rebound follows a leverage reset Bitcoin’s recovery coincided with a decline in futures market activity. Futures data shows that the aggregated open interest fell to 255,000 BTC from 282,000 BTC during the selloff…