Welcome to the US Cryptocurrency Morning Briefing. Here's a brief summary of today's key cryptocurrency developments.
Prepare your coffee to read the article about the Bitcoin mining war. Global hash rate plummeted due to power outages and US attacks in Iran, raising fears of a new era where hash power becomes a geopolitical battlefield.
Bitcoin Hash Rate Drops Sharply... Reflecting Geopolitical Issues
According to network data, the global Bitcoin hash rate experienced its largest decline in three years, decreasing by over 15% between June 15 and June 22.
BeInCrypto recently reported the decline, noting that Bitcoin's hash rate has fallen to its lowest level in eight months. This sparked debate about whether it means greater risk for miners or an opportunity for investors.
Just a week ago, mining costs surged by over 34%. This occurred while the global hash rate was at an all-time high. This trend reversal suggests miners pushed hardware limits despite decreasing profitability.
The sudden drop coincides with US military attacks on Iranian infrastructure and widespread internet disruption in Iran. This raised warnings about increasing geopolitical risks related to Bitcoin mining.
[The rest of the translation continues in the same manner, maintaining the original structure and translating all text while preserving any HTML tags and links]- SBI CEO Praises Ripple's Permissioned DEX, but Demand Remains Weak
- Analysts Predict Crypto Boom as US Dollar Index (DXY) Drops to Lowest Level in Years.
- Kraken Receives MiCA License from Irish Central Bank, Enabling Regulated Crypto Services in 30 EEA Countries.
- Invesco and Galaxy Digital File for Solana ETF, Requesting Trading Approval on Cboe BZX Exchange with QSOL Ticker.
- Bit Digital Announces Shift from Bitcoin Mining to Ethereum-Focused Strategy.
- On-Chain Data Shows Bitcoin Inflow to Institutions at Record Pace as Retail Investors Exit.
- GameStop Raises $450 Million in Convertible Bonds, Suggesting Plans to Increase Bitcoin Holdings and Diversify Corporate Assets.
- NVDA Hits New All-Time High, but AI Tokens Decline — "NVDA Effect" Fading in Crypto.
- Paradigm Invests $185 Million in Kalshi, Prediction Market Unicorn Valued at $2 Billion.
- Chinese Securities Firm Guotai Junan Obtains Crypto License as Hong Kong Announces LEAP Framework.
Crypto Stock Market Overview
| Company | Closed on June 25 | Pre-Market Overview |
| MicroStrategy (MSTR) | $388.67 | $386.70 (-0.51%) |
| Coinbase Global (COIN) | $355.37 | $357.26 (-0.53%) |
| Galaxy Digital Holdings (GLXY) | $19.40 | $19.41 (+0.052%) |
| Marathon Holdings (MARA) | $14.98 | $15.01 (+0.20%) |
| Riot Platform (RIOT) | $10.00 | $9.99 (-0.10%) |
| Core Scientific (CORZ) | $12.30 | $12.40 (+0.81%) |
