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Wall Street bank JPMorgan (JPM) said the second quarter and summer of 2025 were transformative for bitcoin BTC$123,012.30 miners, marked by record cash operating profits and a pivot toward high-performance computing (HPC). Cipher Mining’s (CIFR) 244 megawatt (MW) colocation deal with Fluidstack and IREN’s (IREN) expansion to more than 23,000 GPUs underscored that shift, the bank said in the Tuesday report. Despite surging hashrates, the bank’s analysts noted that miners’ gross profits rose quarter-over-quarter, buoyed by higher bitcoin prices and more efficient fleets.Production costs rose modestly as competition intensified and high-performance computing (HPC) investments expanded, the analysts said. IREN and…

Arthur Hayes believes Bitcoin can double into year-end—and he says the catalyst is a White House blueprint to capture the levers of US monetary policy. In an appearance on The Rollup, the BitMEX co-founder sketched a path to $250,000 per coin predicated on what he calls a “secret weapon”: a rapid consolidation of control over the Federal Reserve (Fed) that would clear the way for aggressive credit creation, yield-curve engineering, and an eventual flood of fiat liquidity into digital assets. Trump’s Fed Plan Could Catapult Bitcoin To $250,000 Hayes’ $250,000 year-end Bitcoin call rests on a narrow but explosive thesis:…

In brief PancakeSwap’s Chinese X account was hacked to promote a scam meme coin token. CAKE token’s price remains largely unaffected. Security experts noted weak user security awareness and phishing as key reasons. The official Chinese X account of decentralized exchange PancakeSwap was hacked on Tuesday, used to promote a fraudulent meme coin named “Mr. Pancake.”Despite the security breach, the platform’s native token, CAKE, remains up 6.4% over the past 24 hours after reaching an intraday high of $4.50. It has since cooled to $4.30 according to CoinGecko data.The official account posted an update stating that they are “actively working…

Breez, in partnership with Lightspark, Tether, and other Bitcoin industry leaders, has launched Time2Build, a global developer challenge and international hackathon to embed Bitcoin payments into open-source software. The initiative offers a $25,000 prize pool in Bitcoin and residencies at Draper University and PlebLab, and is backed by Plan B Network, and Fulgur Ventures, Geyser Fund, according to a press release shared with Bitcoin Magazine.  This ambitious hackathon looks to create sustainable adoption of peer-to-peer money in applications used by millions. Lead by Breez, Time2Build requires developers to integrate the Breez SDK — a free, open-source toolkit for self-custodial Lightning…

CEA Industries (BNC) has revealed it now holds 480,000 BNB tokens, a 15% increase from a previous disclosure, as the price of the BNB Chain’s native token rises to a new all-time high.The company spent about $412.8 million to acquire the additional BNB at an average price of $860 per token, according to a Tuesday press release. BNB is currently trading at $1,303, down just a bit from a record high hit earlier in the session.Combined with $77.5 million in cash, the firm’s total treasury is now near the $700 million mark.The price of BNB has increased as activity on…

How regulatory clarity propelled XRP past ETH XRP (XRP), introduced by Ripple Labs in 2012, was designed as a fast and cost-effective digital asset for cross-border transactions. However, its growth was hindered by a 2020 lawsuit from the US Securities and Exchange Commission, which alleged that Ripple had conducted unregistered securities offerings.The multi-year case left XRP’s regulatory status uncertain, discouraging banks and funds from using its payment network. Portfolio managers viewed XRP as a high-risk asset, limiting its growth compared to other cryptocurrencies, particularly Ether (ETH).While XRP was gaining traction among investors, Ether continued to hold its place as the…

Historically, the Dogecoin price has recorded some of the most legendary rallies in the crypto space. Over the last couple of bull markets, the meme coin seems to have started a trend of outperforming its previous cycle’s performance, notching way more gains than anyone expected. Following this trend, the Dogecoin price is once again approaching a point where it could initiate another rally, and this time around, a crypto analyst predicts that it will reach double-digit values. The Anatomy Of The Historical Breakout Crypto analyst Dima Potts has predicted a possible 37x rally for the Dogecoin price this bull cycle.…

In brief The American Federation of Labor and Congress of Industrial Organizations warned Monday the Responsible Financial Innovation Act provides only “the facade of regulation” while weakening worker protections and consumer safeguards. The labor federation’s letter comes as Senate Republicans push for a floor vote in November. Union officials criticized provisions letting FDIC-insured banks directly trade crypto and enabling tokenized securities to bypass SEC oversight. The largest federation of trade unions in the United States has thrown a wrench into the Senate’s most ambitious crypto legislation to date, warning the bill lacks worker protections and would enable the industry to…

Lava, a leading bitcoin fintech company backed by Peter Thiel’s Founders Fund and Khosla Ventures, today announced an angel investment from Alex Crognale, the first professional soccer player in the United States League (USL) to receive a portion of his salary in bitcoin. The investment aligns with the launch of Lava’s innovative “Get Paid in Bitcoin” feature, which enables users to seamlessly convert their paychecks into bitcoin with “zero fees”, according to a press release shared with Bitcoin Magazine. Crognale, a defender for San Antonio FC, gained attention in 2021 when he opted to receive part of his salary in…

FIL$2.2984 confronted intense selling pressure as the token penetrated multiple support thresholds at $2.39, $2.37, and $2.36 amid exceptionally robust trading volumes on Tuesday morning during the U.S. trading session, according to CoinDesk Research’s technical analysis model.The model showed the decentralized storage network’s native cryptocurrency experienced its most severe contraction during the last trading hour, with panic selling evident as volume reached 530,000 within a singular minute. The token breached key support levels amid institutional liquidation and elevated-volume selloff, according to the model.The last week saw core protocol updates, new AI initiatives and ongoing preparations for FIL Dev Summit 7,…