News & Research

Dollar-backed stablecoin issuer Circle announced via X the upcoming release of 'Circle Gateway,' a developer service that enables unified USDC balance management for instant cross-chain liquidity. The service, which eliminates the need for prefunding and rebalancing, will be available on Avalanche (AVAX), Base and Ethereum testnets starting in July.

An Ethereum ICO whale has reportedly sold 356,600 ETH worth $892 million over the past year at an average price of $2,501, despite an initial cost of just $0.31 per ETH. According to on-chain analyst ai_9684xtpa, the whale sold another 1,000 ETH about an hour ago and still holds 24,619 ETH.

UK-based cloud mining platform TWL Miner raised $95 million in its Series B funding round to incorporate AI technologies into its mining operations, according to Globe Newswire press release. The funds will enhance its renewable energy-powered data centers and develop AI-driven systems to improve efficiency and reduce energy consumption.

Cango Inc., a China-based automotive transaction platform, reported it mined 450 Bitcoin in June, slightly down from 484.5 BTC in May, according to PR Newswire press release. The company also completed its acquisition of crypto mining machines totaling 18 EH/s in hashrate, raising its total to 50 EH/s. Cango currently holds 3,879.2 BTC.

U.S. President Donald Trump commented that Elon Musk is frustrated about the loss of the electric vehicle mandate and suggested that additional consequences could follow, according to Odaily and JinSe Finance.

Bitcoin’s average monthly hashrate fell by about 3% in June, mainly due to weather-related curtailments in the U.S., according to JPMorgan, cited by CoinDesk. Despite the drop, mining profitability improved, with daily block rewards reaching $55,300 per EH/s—a 13% monthly increase. The market cap of 13 U.S.-listed miners tracked by the bank rose 23% to $5.3 billion. Firms with HPC exposure outperformed, with IREN gaining 67% and Bitfarms declining 19%.

Prometheum Capital, a subsidiary of Prometheum and a registered broker-dealer, has been authorized to provide correspondent clearing services for third-party broker-dealers, according to Business Wire press release. This allows firms to access custody, execution and recordkeeping for on-chain securities, supporting broader adoption of blockchain-based assets in U.S. capital markets.

American investment bank TD Cowen has maintained its buy rating and $590 price target for Strategy (Nasdaq: MSTR), noting the stock’s 63% premium to net asset value (NAV), CoinDesk reported. The firm added 69,140 Bitcoin (BTC) in Q2, surpassing expectations and pushing its holdings to 597,325 BTC. TD Cowen raised its 2027 forecast, projecting Strategy will control 850,000 BTC, or 4.1% of total supply, while also increasing its 2025 BTC yield prediction.

The Blockchain Group, a French blockchain company, secured €11 million ($13 million) in funding to further its Bitcoin (BTC) treasury strategy, according to CoinDesk. This includes a €1 million capital increase and €10 million in convertible bonds, with key investors asset manager TOBAM and Bitcoin pioneer Adam Back subscribing at a 30% premium. The company now holds 1,794 BTC.

Michael Saylor, founder of Strategy (Nasdaq: MSTR), stated on X that the company achieved a 7.8% Bitcoin yield in the second quarter, resulting in a gain of 41,407 BTC valued at approximately $4.4 billion. Strategy continues to hold the largest Bitcoin reserve among publicly traded companies.