Bitdeer increased bitcoin mining by 370%: the company's hash rate surged by nearly 420%
The company's proprietary hash rate increased by nearly 420% during this period, from 13.6 EH/s to 70.2 EH/s. This indicates that Bitdeer is not merely compensating for network difficulty but is actively expanding its market share by commissioning new rigs and optimizing existing data centers...
Axelar Bridge and Secret Network Hack: 'Infinite Mint' Vulnerability Cost $4.67 Million
On June 19, the blockchain infrastructure project Axelar confirmed the exploitation of a critical vulnerability in the bridge connecting its network with the privacy protocol Secret Network. As a result of the attack, the attacker managed to withdraw assets worth approximately $4.67 million. The incident went unnoticed for seven days, indicating the difficulty of detecting such attacks in cross-chain infrastructure...Weekly review: Bitcoin on the swings, cryptocurrency in Russia gains legal status, and the EU tightens the screws
The past week was packed with events that once again confirmed the ambiguity and high volatility of the crypto market. Bitcoin made a sharp surge to $67,000, but then just as quickly retreated, while Russian courts took an important step toward recognizing digital assets, and the European regulator began the active phase of implementing MiCA. Let's break down the key trends.Bitcoin: "roller coaster" and bearish trend The start of the week was marked by a strong impulse...
Current Situation Analysis: How to Properly Evaluate Withdrawals in the Crypto Market
The main reasons for the increase in withdrawals include several key factors. First, investors are increasingly preferring to store assets in cold wallets, fearing vulnerabilities in centralized platforms...
Major player strengthens positions: Analysis of the latest crypto wallet replenishment
Transaction Details and Market Context According to blockchain analytics data, a significant amount in stablecoins and major altcoins has been deposited into the specified wallet...
NVIDIA is giving away AI for free, but making the most money: the Nemotron 3 Ultra strategy
Unlike ChatGPT or Claude, Nemotron 3 Ultra can be downloaded, fine-tuned on your own data, and run on your own infrastructure...
Scandalous Self-Exposure: Scammer Turned Himself In by Complaining to ZachXBT About a BTC Block
Euro stablecoins and the digital euro: two different worlds that should not be mixed
We are talking about two dissimilar systems. They operate on different technologies, have different legal statuses, and solve different problems through different distribution channels...
Overheated US Market: McGloane and Dalio Warn of a Reversal — What This Means for Bitcoin
McGlone, known for his accurate Bitcoin predictions, calls the current situation a "once-in-a-lifetime reversal...
Liquidity is drying up, the era of bonds is over: what this means for bitcoin
Excess liquidity has turned negative My analysis shows that the indicator of excess liquidity in the financial system — the difference between money supply growth, inflation, and economic growth — has turned negative for the first time since 2021...
The literary magazine Granta is severing ties with a literary award due to a scandal involving AI.
The British literary magazine Granta has officially ceased publishing stories by winners of the prestigious Commonwealth Short Story Prize. The reason is a heated dispute over the possible use of generative artificial intelligence in one of the texts that won in the regional selection.Granta stated that it will henceforth withdraw from "external publishing partnerships" where the magazine lacks full editorial control...
Japan's pension fund will allocate 1% of its portfolio to cryptocurrencies: a new era of institutional adoption
The Nationwide Business Corporate Pension Fund (Japan) has made a strategic decision to allocate approximately 1% of its assets to cryptocurrencies in the 2026 fiscal year. This move marks a significant milestone in the process of institutional adoption of digital assets in one of the world's largest economies.The fund, which serves the interests of approximately 1,200 small and medium-sized enterprises, manages assets worth 21...
Bitdeer takes off: Bitcoin mining increased by 370% in a year — what is behind this surge?
The mining industry continues to demonstrate impressive scaling rates, and Bitdeer is a prime example. According to my analysis of operational data, in May of this year, the company increased its bitcoin production to 921 BTC, compared to just 196 BTC in May last year. Thus, the annual growth reached a colossal 370%.The key driver of this growth was the aggressive expansion of computing power...
Axelar Bridge and Secret Network Hack: 'Infinite Mint' Vulnerability Costs $4.67 Million
On June 19, the blockchain project Axelar officially confirmed a hack of its cross-chain bridge connecting it to the Secret Network protocol. As a result of the attack, the attacker withdrew approximately $4.67 million by exploiting a critical vulnerability known as "infinite mint."Notably, the theft went undetected for seven days, indicating insufficient effectiveness of real-time monitoring systems...
Weekly Roundup: Bitcoin on a Rollercoaster, Russia's Supreme Court Recognizes Cryptocurrency as Property, and MiCA's Pressure on the EU Market
The past week was marked by classic "roller coaster" moves for bitcoin, an important legal precedent in Russia, and increased regulatory pressure on crypto exchanges in the European Union. The leading cryptocurrency demonstrated high sensitivity to geopolitics, while institutional interest continues to wane.Bitcoin: Bounce from $62,000 and Weakening Dominance The week started with confident growth: bitcoin's price jumped from $64,000 to a local high of $67,278 amid news of a potential truce between the US and Iran...
Market Analysis: The Withdrawal Phase and Its Implications for Investors
Monitoring on-chain data shows that over the past 48 hours, the volume of assets withdrawn from major centralized platforms has increased by 12-15%...
The market digests a major replenishment: Analysis of liquidity inflow and its implications
According to my data, the volume of incoming flow amounted to an impressive sum, which automatically increases volatility on spot and derivative platforms...
NVIDIA gives away AI for free, but makes more money from it than anyone else: the Nemotron 3 Ultra strategy
Unlike closed flagships like ChatGPT or Claude, Nemotron 3 Ultra can be downloaded, fine-tuned on your own data, and run on your own infrastructure...
A naive scammer turned himself in by asking ZachXBT to unlock stolen bitcoins.
A user under the pseudonym AmanKesar11 complained about the "unfair" freezing of funds. However, ZachXBT, using his blockchain analysis tools, instantly determined that these bitcoins had a criminal origin...
Euro stablecoins vs. the digital euro: why confusing them is a critical mistake for the market
The key difference lies in the infrastructure and philosophy...
Analysts are sounding the alarm: overheating of US markets threatens bitcoin
McGlone: Bitcoin falls first McGlone notes that the market "dominoes" are already starting to fall...
Monetary liquidity is drying up, and the era of bonds is coming to an end: what this means for Bitcoin
Where is the liquidity? The indicator turns negative for the first time since 2021 A key indicator — the measure of excess liquidity in the financial system — has turned negative for the first time since 2021...
Granta terminates partnership with literary prize over AI scandal: a crisis of trust in the creative industry
The British literary magazine Granta has decided to stop publishing stories by winners of the Commonwealth Short Story Prize after a dispute erupted over one of the texts regarding the possible use of generative artificial intelligence. This event is another alarming signal for the entire creative economy, where the boundaries between human creativity and machine generation are becoming increasingly blurred...Japan's pension giant allocates 1% of assets to cryptocurrencies: a strategic move or a risk?
This fund serves the interests of over 1,200 small and medium-sized enterprises in Japan, and its decision to enter the crypto sphere through a portfolio of a major hedge fund that includes several crypto assets indicates a gradual recognition by institutional investors of the potential of this asset class...
Bitdeer soared: hash rate increased by 420%, bitcoin mining by 370% over the year
Mining company Bitdeer is demonstrating impressive growth rates, placing it among the industry leaders. According to my analysis of operational data, in May of this year, the firm increased its Bitcoin mining volume to 921 BTC, compared to just 196 BTC in May last year. Thus, the year-over-year growth exceeded 370%.The key driver of this surge was a significant expansion of computing power...
Exploit of the Axelar and Secret Network bridge: the "infinite minting" vulnerability cost $4.67 million
Notably, the theft went unnoticed for seven days. This highlights the complexity of monitoring cross-network transactions and the need to implement more advanced early anomaly detection systems...
Bitcoin on an emotional rollercoaster: weekly recap, cryptocurrency status in Russia, and Ethereum's funding crisis
The past week was marked by sharp fluctuations in the Bitcoin price, important legal changes in Russia, and alarming signals for the Ethereum ecosystem. The market once again demonstrated high sensitivity to geopolitical news and macroeconomic factors.Bitcoin: Rollercoaster Ride and Waning Interest The week began with a sharp surge in the leading cryptocurrency: from levels around $64,000, it jumped to a local high of $67,278 on Binance...
Analysis of Current Trends: Mass Withdrawal of Funds from Centralized Exchanges
Data and Dynamics According to my calculations, the volume of net outflows from the largest exchanges over the past 30 days has exceeded the equivalent of $2...
Market Analysis: Deposit Activation and Its Implications for Liquidity
It is important to understand that the increase in deposit volume directly affects the depth of the order book and overall market liquidity...
NVIDIA gives away AI for free, but earns the most of all: the Nemotron 3 Ultra strategy
Unlike closed giants like ChatGPT or Claude, Nemotron 3 Ultra can be downloaded, fine-tuned on your own data, and run on your own infrastructure...