XRP gave back more of last week’s rally on Wednesday after sellers pushed the token through $1.15 support, a level traders had been watching since the recent move above $1.20. The decline came on some of the session’s heaviest volume and followed another rejection below the descending trendline that has capped every recovery attempt for […]
Archives for June 18, 2026
Live markets: Bitcoin has traded below its mining cost for five months, squeezing miners
Bitcoin has spent five straight months trading below what it costs to produce, squeezing miners and forcing some to sell, JPMorgan said in a note. The bank pegs the cost to mine one bitcoin at about $78,000, well above the roughly $62,500 the asset fetches now. The strain is showing and about 20% of miners […]
Bitcoin traders load up on bearish bets all the way down to $52,000
A hawkish Federal Reserve is bolstering the U.S. dollar, bitcoin ETFs have seen persistent outflows, and Strategy, the largest publicly listed bitcoin holder, faces mounting pressure. Strategy’s preferred stock, STRC, has plunged to record lows well below its $100 par value, complicating the company’s aggressive bitcoin accumulation strategy. Arca CIO Jeff Dorman highlighted the precarious […]
Bitcoin falls below $63,000 as risk assets sell off and the week’s bounce fades
The pressure came from a wider retreat in markets. Global equities slipped in holiday-thinned trading, with US, Chinese, Hong Kong and Taiwanese markets closed, and a gauge of Asian shares falling 0.6% after a five-day run to record highs. Brent crude traded around $79 a barrel, down about 9% on the week, as shipping through […]
HIVE Digital Secures $220M Sovereign AI GPU Deal With Bell Canada
HIVE Digital Secures $220M Sovereign AI GPU Deal With Bell Canada TL;DR HIVE’s BUZZ HPC has closed a three-year sovereign AI GPU cloud contract valued at about $220 million. The deal brings together Bell AI Fabric, Cohere, Hypertec and BUZZ HPC around Canadian AI compute infrastructure. HIVE says the contract is expected to add about […]
Kentucky Attorney General Sues Polymarket And Kalshi Over Sports Betting Claims
Kentucky Attorney General Sues Polymarket And Kalshi Over Sports Betting Claims TL;DR Kentucky Attorney General Russell Coleman has escalated the state’s fight with prediction market operators. The lawsuits target platforms including Kalshi and Polymarket, with allegations focused on sports-related event contracts. The state argues the products function like unlicensed sportsbooks rather than ordinary financial contracts. […]
Ethereum Glamsterdam Upgrade Moves Toward 200M Gas Limit Roadmap
Ethereum Glamsterdam Upgrade Moves Toward 200M Gas Limit Roadmap TL;DR Ethereum’s Glamsterdam upgrade work is moving through devnet planning ahead of a projected H2 2026 mainnet window. EIP-7732, or enshrined proposer-builder separation, is one of the key pieces being tracked by developers. EIP-7928, covering block-level access lists, is another major component tied to parallel execution […]
Alchemy AgentCard Brings Visa Payments To AI Agent Commerce
Alchemy AgentCard Brings Visa Payments To AI Agent Commerce TL;DR Alchemy-backed AgentCard is positioning itself as a virtual card and identity layer for AI agents. The product gives agents a way to make online purchases while users set limits and monitor spending. The launch connects crypto-style programmable payments with more familiar card-network rails. The bigger […]
Ethereum EIP-8304 Proposal Targets Trustless Log And Transaction Indexing
The Ethereum Magicians discussion for EIP-8304 introduces a draft design for trustless log and transaction indexing, aimed at making historical lookups easier to verify without centralized indexers. TL;DR EIP-8304 proposes a simpler trustless log and transaction indexing design. The goal is to help apps and light clients verify historical logs and transactions more efficiently. The […]
Trace Finance Raises $32M To Expand Stablecoin Settlement Rails
Trace Finance announced a $32 million Series A led by CoinFund, positioning the raise around regulated banking and stablecoin settlement infrastructure across Brazil, the US and emerging markets. TL;DR Trace Finance raised $32 million in a Series A led by CoinFund. The company is building regulated infrastructure that connects local bank rails with stablecoin settlement. […]
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