Bitcoin Mining Difficulty Drops 10% — a Historic Decline

Bitcoin mining difficulty has decreased by 10.09% — to 124.93 T. This is according to data from the CloverPool service. Bitcoin mining difficulty and hashrate. Source: CloverPool. After the recalculation, the network's average hashrate is around 905.89 EH/s. The next adjustment of the metric is expected in roughly two weeks. One of the largest declines in history According to Galaxy Research, the new recalculation became the 11th largest […]
What Happened in the Crypto Market While Everyone Slept — June 16 Roundup

Standard Chartered gave an optimistic forecast for Uniswap, demand for decentralized AI is growing worldwide, and the Pudgy Party game from Pudgy Penguins is no longer available — these and other crypto news items from the morning of June 16 are in our roundup. Behavior of the cryptocurrencies leading by market cap Bitcoin (BTC), according to TradingView, started the day with a decline. As of 07:38 (MSK),
Coinbase CEO: Bitcoin has bottomed near $60,000 and will reverse

Brian Armstrong is more bullish on Bitcoin than ever, citing the 4-year cycle and forecasting a far higher price by 2030.
Bitcoin panic selling is over: whales bought BTC at the bottom

CryptoQuant analyst Woo Mingyu believes that large Bitcoin (BTC) holders have finished selling off and turned the trajectory of their supply upward, triggering a price rebound to $65,704.89. By his estimate, the transfer of coins from less resilient holders to whales is fully complete. The key signal is a reversal in the supply of large holders. According to Woo Mingyu, on June 14 a twelve-day decline in aggregate
A bet against the market: a trader with a 90% win rate shorts ETH for $29M

Over five days, the owner of address 0xa2e8 made just 10 ETH trades, playing now long, now short, and closed nine of them at a profit. The cumulative result was about $4.93 million, with a win rate reaching 90%. Right now the trader is sitting in a large short: 17,000 ETH for $29.2 million at 20x leverage via cross-margin, and this comes after









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