Bitcoin Mining Reels from Historic Hashrate Swings — But Miners Refuse to Sell
Bitcoin’s hashrate plunged 15% in June, its sharpest drop in years. But despite falling revenues and geopolitical tensions, miners are holding firm; and a major difficulty reset is on the horizon.
Texas Becomes First U.S. State to Launch Bitcoin Reserve with $10M in Public Funds
Texas has made history by launching a $10 million state-run Bitcoin reserve. The move cements its crypto-friendly stance, but not everyone is applauding.
Bitcoin Gets Its Next Institutional Backer as Pompliano’s ProCap Debuts on Nasdaq
ProCap Financial, led by Bitcoin advocate Anthony Pompliano, launches with $750M in capital via a $1B SPAC merger. The company aims to build the next major public Bitcoin treasury.
Bitcoin Maximalism on Trial: MicroStrategy Faces $6B Loss and Class Actions
MicroStrategy is under legal fire after a $5.9 billion Bitcoin loss triggered multiple class action lawsuits. Yet Michael Saylor is doubling down with hints of more BTC purchases.
Ukraine’s Bitcoin Bet: Lawmakers Push to Add Crypto to National Reserves Amid War Economy
Ukrainian lawmakers have introduced a groundbreaking bill that would allow the central bank to hold Bitcoin and other virtual assets in the country’s official reserves. Amid war-related financial strain, the proposal positions Ukraine as a potential pioneer in sovereign crypto adoption, though not without raising regulatory and economic concerns.
