Cryptocurrency

Jellybean™, a pioneering company in the phygital space, has received an investment from Aptos Labs, further solidifying their partnership aiming to bridge the physical-digital divide. This strategic investment underscores the potential of Jellybean™ to standardize how brands engage with consumers across an increasing spectrum of products — from fan-fueled collectibles to luxury goods.Jellybean™ is set to compete with the likes of IYK, leveraging its innovative technology to create a new standard in digital standardization. Jellybean™ seamlessly integrates a digital layer onto physical products, ensuring foolproof authentication and enabling enhanced interactive and exclusive multimedia brand experiences.A simple tap or scan of a Jellybean™-enabled product unlocks a world of immersive digital content and engagement opportunities, creating deeper connections between brands and their audiences. Jellybean™ launched its Phygital Protocol with DJ deadmau5’s limited-edition toy line, featuring phygital products on the Aptos blockchain. This launch showcased the unique capabilities of Jellybean™ technology and marked the beginning of a committed partnership, with Jellybean™ designating Aptos as the preferred chain for all future drops.How Jellybean™ is unlocking the future of branded products:About Jellybean™Jellybean™ transforms ordinary products into exclusive immersive digital experiences for collectors and fans with a simple tap or scan of the product. Utilizing our proprietary technology, powered by the Aptos blockchain’s cutting-edge features, Jellybean™ ensures the integrity and authenticity of every collectible item, offering users authentic, verifiable digital ownership and engaging experiences. Jellybean™ enables top brands and creators to deliver immersive digital experiences that delight their fans with early access passes, exclusive discount codes, unreleased content/music, live streams, and much more!ContactMarketing SpecialistKevin RevieChizSix Marketing & Mediakevin@chizsix.comThis article was originally published on Chainwire More

Bitcoin ETFs have accumulated more than one million BTC, marking a huge achievement on the cryptocurrency market. ETFs are investment funds traded on stock exchanges, and they offer a way for investors to gain exposure to Bitcoin without directly holding the cryptocurrency. This milestone indicates that institutional and retail investors alike are increasingly turning to Bitcoin ETFs.Bitcoin funds of the likes of BlackRock (NYSE:BLK) and Fidelity Investments are among some of the most successful debuts in the ETF sector’s history. They took Wall Street by storm, shifting the center of gravity of cryptocurrency away from Asia and toward the United States.BlackRock’s more than $21.4 billion iShares Bitcoin Trust recently became the world’s largest fund for Bitcoin, surpassing Grayscale’s $20.1 billion Bitcoin trust. The $12.3 billion Fidelity Wise Origin Bitcoin Fund is in third place.Saylor’s own company, MicroStrategy, has made headlines for its aggressive accumulation of Bitcoin, owning 214,400 Bitcoins as of May 1, 2024.In the past week, U.S. exchange-traded funds that invest directly in Bitcoin marked net inflows for the 19th consecutive day, a surge of demand that has helped propel the largest digital currency to a new high. On June 7, the 11 Bitcoin ETFs garnered $131 million in inflows.Bitcoin lost ground after a report showed that U.S. job growth increased in May, while the unemployment rate unexpectedly jumped, providing a mixed picture of the labor market. Bitcoin was barely altered at the time of writing, having increased by 0.04% in the previous 24 hours to $69,315.This article was originally published on U.Today More

Interestingly, this acquisition comes amid the digital currency’s price volatility following its peak in late May.Blockchain data reveals that crypto whales bought large quantities of Pepe Coin over the weekend. On June 7, a wallet associated with investment firm Nascent acquired 447.67 billion PEPE from Binance, totaling about $5.5 million. This move made the meme coin the largest asset in the investment firm’s portfolio, surpassing Maker (MKR/USD) and Tether (USDT), of which the firm holds $2.98 million and $973,557 respectively.Meanwhile, another significant purchase occurred on June 8, when an unidentified whale bought 231.64 billion PEPE worth approximately $2.9 million from Kraken.Notably, these purchases happened as PEPE’s price was undergoing a recent correction. The meme coin’s price had seen a significant rise in late May due to renewed interest in the digital currency sectors, driven by the financial analyst The Roaring Kitty’s return.After reaching its all-time high of $0.00001717 on May 27, the price fell to the range of $0.00001490 and $0.00001340. However, on June 7, its price dropped to $0.00001277 and briefly fell to $0.00001198.According to an analysis by BeInCrypto, PEPE dropped to $0.00001277 because it failed to maintain its support at $0.00001369. The currency now enjoys strong support around the $0.00001218 area. Its future trajectory will depend on whether it can trade above this support or fall below it.At the time of writing, PEPE is trading at $0.00001245, up 1.5% in the last 24 hours. Despite the recent instability, the price has risen by 49% over the past 30 days. More

HIVE Digital Technologies Ltd. (HIVE) proudly announces its unaudited production figures for May 2024. In May the Company mined 119 Bitcoin, increasing its Bitcoin holdings by 3%, now totalling 2,451 Bitcoin on the balance sheet. HIVE maintained an average Bitcoin mining capacity of over 4.9 Exahash (“EH/s”) in May 2024 (all amounts in US dollars, unless otherwise indicated).May 2024 Highlights:Strategic HODL Increase:As of June 9, 2024, HIVE’s HODL position increased further to 2,468 BTC, up from 2,451 BTC at the end of May 2024.The Company notes that with a Bitcoin HODL value of over $170 million as at June 9, 2024, its enterprise value looks very attractive compared to its peers.Executive Insights:Frank Holmes, Executive Chairman, commented on the Company’s strategic vision:”We have successfully navigated our second Bitcoin Halving event, overcoming numerous challenges over the past four years. Our team has demonstrated exceptional skill in driving high efficiency and maintaining positive operating cash flow, even during the 2022 market downturn and the unfortunate transition of Ethereum from proof-of-work to proof-of-stake. Despite significant macroeconomic headwinds, HIVE has remained resilient, consistently generating positive operating income. We continue to evaluate growth opportunities with a focus on lean operations, profitable mining, sourcing green energy which has been a big challenge, and striving for the best cash flow return on invested capital per share (CFROIC) for our shareholders. I am incredibly proud of our team and their unwavering dedication.”Operational Update:Aydin Kilic, President and CEO, emphasized the Company’s technological stability: “We ended the month of May with 5.0 EH/s and we are on track to reach our 5.5 EH/s interim goal and achieve a global average fleet efficiency of 25 Joules per Terahash (J/TH) once our remaining S21 Antminers (“S21s”) ship. Thus far, from our total order quantity of 8,165 S21s, 6,495 S21s have been shipped and installed. Of the remaining 1,670 S21s, 428 S21s are shipping this week, leaving 1,242 S21s from our June batch, which are expected to ship soon.”We are also strategically optimizing the firmware of our fleet to improve the efficiency of our 30 J/TH ASICs, getting their efficiency below 30 J/TH. While this has lowered the total hashrate from these machines across our fleet by approximately 120 Petahash per second, it has improved their efficiency, thus improving their unit economics and making them more profitable on a dollar per kilowatt hour basis.Luke Rossy, Chief Operating Officer, had the following to add: “We are pleased to announce the upcoming acquisition of 1,000 Bitmain S21 Pro Antminers, the latest and most efficient machines on the market, having a hashrate of 234 Terahash per second and an efficiency of 15 J/TH. These units are expected to ship this month and are integral to our strategy of continually upgrading our fleet whilst growing our HODL position.” More

In a tweet, Saylor invoked the spirit of Satoshi, declaring that “Satoshi started a fire in cyberspace.”Speaking metaphorically, Saylor describes Satoshi’s creation of Bitcoin as starting a “fire in cyberspace,” highlighting the revolutionary impact of this digital asset on the world.Satoshi Nakamoto, whose true identity remains a mystery, released the Bitcoin whitepaper in 2008 and mined the first block of the Bitcoin blockchain in 2009.Satoshi’s vision was to create a decentralized, peer-to-peer electronic cash system that operates independently of central authorities. This vision has since evolved into a global phenomenon, with Bitcoin leading the charge in the cryptocurrency revolution.The “fire” Saylor refers to might mean the spark of innovation that has ignited a global movement toward decentralized finance. Satoshi’s Bitcoin creation has undoubtedly ignited a transformative force in the digital world, reshaping how we think about money, value and decentralization.This year’s boom accelerated after the Securities and Exchange Commission allowed ETFs that invest directly in Bitcoin in January. In May, the regulator took a step toward authorizing comparable spot Ethereum ETFs.As Bitcoin weighs its next price move, Ali, a crypto analyst, noted that it is anchored in a strong support zone between $69,380 and $67,350. This is where 1.97 million addresses acquired 964,000 BTC, and holding this level might be crucial for BTC to sustain its upward momentum.In a bullish undertone, Ali reported that approximately 22,647 BTC, worth over $1.57 billion, were recently withdrawn from crypto exchanges.This article was originally published on U.Today More

Mow, the chief executive of the Bitcoin adoption-focused Jan3 company, stated that the video game retail sales company which became widely famous in 2021 due to its short squeeze, GameStop (NYSE:GME), should start adding the world’s flagship cryptocurrency to its corporate treasury. Samson Mow believes that this would make a “double bullish thesis” after which both Bitcoin and GME would see Godzilla candles immediately.Mow mirrored the recent statement made by prominent US financier Anthony Scaramucci who tweeted on Friday that he believes GameStop should buy Bitcoin.On Friday, GME slumped almost 40% after the company publicly revealed its recent financial results and announced its plans to issue more shares. Besides, financial analyst and investor Keith Gill (commonly known on X and YouTube as “Roaring Kitty”) made his first live stream on YouTube since 2021 (the famous year for GameStop) where he planned to share that he is about to become a billionaire thanks to his large GameStop bet. However, it never happened because the stock price plummeted.This sharp downward move took place after the previous 50% surge which occurred recently.This article was originally published on U.Today More

HashKey Global will launch the second phase of the Launchpool project, Aethir (ATH), on June 11, 2024. Users can lock ATH or USDT to share a pool of 5,870,000 ATH. The locking period is 3 days, starting on June 11 at 02:00 (UTC), with rewards beginning to accrue on June 12 at 10:00 (UTC). Spot trading for ATH/USDT will commence on June 12 at 10:00 (UTC), and ATH withdrawals will be available starting June 13 at 10:00 (UTC). Participation requires KYC verification, and both deposits and withdrawals will be conducted via the ERC20 network.The Launchpool offers two supported pools: ATH Pool (NASDAQ:POOL) and USDT Pool. The ATH Pool provides 1,837,000 ATH in rewards with a minimum locking amount of 100 ATH and a maximum of 260,000 ATH. The USDT Pool offers 4,033,000 ATH in rewards, requiring a minimum of 10 USDT and a maximum of 5,000 USDT. The Launchpool period runs from June 12, 2024, to June 15, 2024.Subject to terms and conditions. For details, users can visit here.About HashKey GlobalHashKey Global is the flagship global digital asset exchange under HashKey Group, offering licensed digital asset trading services to users worldwide. HashKey Global has obtained a license from the Bermuda Monetary Authority with the potential to provide mainstream trading and service products such as LaunchPad, contracts, leverage, and staking.For more details, please visit global.hashkey.comFollow us on Twitter，Discord and Instagram.Disclaimer:The information provided in this material is for general information purposes only and may be modified or changed at our sole discretion. The information does not constitute any solicitation or investment advice. Please be aware that digital assets, including cryptocurrencies, are highly volatile and subject to market risks.Participation in this event does not guarantee eligibility, acceptance, or receipt of anyrewards, benefits, or incentives. HashKey Global may impose certain criteria, requirements, or limitations for participation, and it reserves the right to deny or disqualify individuals or entities from participating in the event. Hashkey Global reserves the right to make changes, modify, or cancel the event or the eligibility of any participant at any time at its sole discretion, including due to internal control, system issues or other circumstances, without any prior notice or liability.To the fullest extent permitted by law, HashKey Global, its affiliates, partners, and employees shall not be held liable for any direct, indirect, incidental, consequential, or special damages arising from participant’s participation in the event, including but not limited to any loss of funds, profits, business, potential profits, data, or reputation.HashKey Global reserves the ultimate discretion regarding the rules and rewards of the event.HashKey Global is a digital asset trading platform operated by HashKey Bermuda Limited under a Type F license granted by the Bermuda Monetary Authority. This program does not constitute an offer, solicitation, or recommendation for any investment product. Investing and trading virtual assets involve risks. HashKey Global does not service users from Hong Kong, United States, Mainland China and certain other jurisdictions in compliance with laws and regulations. Certain services, features, and campaigns may not be available in your jurisdiction.ContactSenior PR ManagerLunaHashKey Globalluna.wang@hashkey.comThis article was originally published on Chainwire More

Within the last 18 days, Davies disclosed that the ETFs purchased 56,150 BTC. This translates to over a four-month supply of BTC. In addition, the renowned investor believes Ethereum’s potential spot ETF launch will have a substantial influence on the market. “Ethereum ETFs are about to start trading soon,” Davies opined.Furthermore, Davies added that the continuous accumulation of Bitcoin from institutions like MicroStrategy, Block and Semler Scientific (NASDAQ:SMLR) could also influence Bitcoin’s future movement.“Institutions, wealth managers, and pension funds worldwide are lining up to own a piece of the Bitcoin pie. This bull run is going to be way crazier than you think,” Davies concluded.At press time, BTC is trading at $71,456, representing an increase of 0.27% in the last 24 hours. Trading volume increased by 14.5% to over $30 billion.In a contrary opinion, renowned banking giant JPMorgan claims the Ethereum ETFs could attract a much lower share of inflows than expected when it finally begins trading. The banking institution forecasts inflows of $3 billion for the ETH products this year. Nonetheless, the bank says this amount could double if staking is permitted.This article was originally published on U.Today More