JPMorgan says bitcoin mining economics have ‘worsened’ as BTC trades below production cost
JPMorgan's current estimated production cost of bitcoin is about $78,000, while bitcoin is currently trading around $62,500.
The Block•Yogita Khatri18 JunThe Block — page 57
1219 articlestheblock.co ↗
Coverage, page 57
page 57 of 61The Block•Yogita Khatri18 Jun
Jefferies expects IREN’s AI cloud business to outpace data center leasing, sees 30% upside
Jefferies estimates that only about 10% of IREN's roughly 6 gigawatt global power portfolio is being utilized.
The Block•Kyle Baird18 Jun
CME Group sues CFTC over perpetual futures in US, accusing the agency of ‘suddenly’ changing course
The CME Group is officially taking the Commodity Futures Trading Commission to court over allowing perpetual futures to trade in the U.S.
The Block•Sarah Wynn18 Jun
Bitcoin miners Bitdeer, CleanSpark and more report mixed May output as AI buildouts impact hashrate growth, treasury models
Bitdeer, BitFuFu, Canaan and CleanSpark posted May bitcoin production updates, with combined output of 1,859 BTC and diverging strategies.
The Block•Naga Avan-Nomayo18 Jun
The DAO hack at 10: From $50 million exploit to a $130 million Ethereum security fund
Ten years ago, an attacker drained roughly 3.6 million ETH from The DAO, helping to spur the creation of the modern crypto security industry.
The Block•Naga Avan-Nomayo18 Jun
Ethereum Foundation co-Exec Director and board member Hsiao-Wei Wang steps down
Several high-ranking EF leaders have left, including the Protocol cluster leads and former co-executive director Tomasz Stańczak.
The Block•Daniel Kuhn18 Jun
Federal Reserve rolls out proposing rulemaking requiring stablecoin issuers to maintain customer identification program
The Fed rolled out a rule requiring stablecoin issuers to have a program in place to identify customers to combat illicit finance.
The Block•Sarah Wynn18 Jun
Kraken integrates Solana DEX trading into core app, with support for additional networks planned
Kraken launches onchain DEX trading to give customers access to thousands of tokens across the Solana ecosystem.
The Block•Daniel Kuhn18 Jun
Tether’s XAUT gold token added to Ledn lending platform
"When XAUT-backed loans go live, you will be able to borrow against your gold the way you already borrow against Bitcoin," Ledn said.
The Block•RT Watson18 JunBitcoin miner HIVE inks $220 million AI GPU deal with Bell, expects $70 million annual revenue
HIVE finalized a $220 million sovereign cloud contract to deploy 2,304 NVIDIA Blackwell GPUs across Canada by early 2027.
The Block•Brian Danga18 Jun
Alchemy unveils Visa-powered virtual payment card for AI agents
AgentCard will default to Visa-issued tokens, but will support crypto and agent-native payment protocols when available.
The Block•Daniel Kuhn18 Jun
Bitcoin slips below $64,000 as hawkish Fed overshadows signs of onchain repair
Bitcoin holds near $64,000 as BTC ETFs post an $82.2 million net outflow, and Glassnode said improving liquidity may be forming a floor.
The Block•Naga Avan-Nomayo18 Jun
Stablecoin compliance startup Range raises $8.3 million from fintech and crypto VCs
"Stablecoins and fiat are converging, and finance teams need one platform to run both safely and at scale," Range CEO Andres Monteoliva said.
The Block•Daniel Kuhn18 Jun
Aztec investigates $2 million exploit of deprecated payments product
The immutable stage 2 rollup was sunset in 2022, and Aztec Labs holds no admin keys or control over the system, the team said.
The Block•James Hunt18 Jun
‘Bitcoin Rodney’ pleads guilty in $1.8 billion crypto fraud case
Rodney Burton pleaded guilty in federal court over his role in HyperFund, a $1.8 billion global cryptocurrency fraud scheme.
The Block•Brian Danga18 Jun
Tether winds down aUSDT stablecoin and Alloy platform to sharpen focus
Tether said it is winding down the 'Alloy by Tether' platform and discontinuing support for aUSDT, a stablecoin over-collateralized by XAUT.
The Block•Timmy Shen18 Jun
Kentucky files lawsuits against prediction market platforms Kalshi and Polymarket
The lawsuits claim prediction market platforms have been offering unlicensed sports gambling in the state while bypassing local regulations.
The Block•Danny Park18 Jun
Ark Invest buys $18 million worth of Coinbase shares, offloads $29 million in Robinhood
The trades came as Coinbase's stock closed down 2.57% at $164.92 on Wednesday, while Robinhood gained 8.78%.
The Block•Timmy Shen18 Jun
CME Group to sue CFTC over approval of perpetual futures, CEO tells CNBC
CME Group CEO Duffy said perpetual futures should be classified as swaps under the Dodd-Frank Act, which would form the basis of the lawsuit.
The Block•Danny Park18 Jun
Strategy’s STRC preferred stock closes day 11% under par at $89
Wednesday's close of $89 appears to be the lowest on record since the stock was first issued in 2025.
The Block•Daniel Kuhn17 Jun