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Bitcoin Hashrate Hits Record 943 EH/s After Difficulty Adjustment
Jun-17-2025
Industrial mining expansion leads to new hashrate peaks.
Hashrate surge coincides with difficulty drop.
U.S. miners hold a significant global share.
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Lede: Bitcoin's hashrate has reached an all-time high of 943 exahashes per second, following a 0.45% decrease in mining difficulty. This significant event highlights the ongoing scale of industrial mining operations worldwide, particularly in the United States.
Nut Graph: The hashrate milestone reinforces Bitcoin's network robustness and highlights industrial mining's scaling following the latest halving cycle.
The primary drivers behind Bitcoin's latest hashrate achievement are major industrial mining firms, mainly in the United States, which control about 36% of network hashrate. These companies continue investing in hardware and large-scale energy deals. Despite the increase in mining capacity, the network difficulty decreased by 0.45%, reflecting a typical adjustment to maintain the 10-minute block time target. The adjustment follows April's Bitcoin halving, impacting the share of block rewards for miners.
The record hashrate of 943 EH/s dropped to 926 EH/s after the difficulty adjustment. The hash price continues to fall, dropping by approximately 5% month-over-month to $53.39/PH/s-day, indicating a squeeze on miner margins. This pressures smaller miners and may impact publicly traded mining stocks and cash-flow management.
While there are no direct quotes from industry leaders regarding this milestone, the situation is being closely monitored by market participants, highlighting the significance of this achievement.
Historically, smaller miners often exit after halvings, leading to short-term hashrate declines. Larger, well-capitalized miners soon expand their operations. The network remains healthy, with average block times now at 9 minutes 58 seconds, just under the target.
The hashrate high may further deepen the mining economy shift, with regulatory or technological outcomes potentially influencing operations. The future could see larger miners prioritizing efficiency and technological upgrades to combat declining revenues, as shown by past trends.
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Metaplanet Issues $210M Bond to Acquire Bitcoin
Jun-16-2025
Metaplanet issued a $210 million zero-coupon bond.
The bond matures on December 12, 2025.
Plans to acquire 210,000 BTC by 2027.
Metaplanet Inc., a Tokyo-based public company, recently issued a $210 million zero-coupon bond to EVO FUND. The bond matures on December 12, 2025.
This move highlights a strategic shift by Metaplanet to bolster its Bitcoin holdings, aligning with its long-term asset diversification plan.
Bullish Market Reacts to Metaplanet's Bold Bitcoin Strategy
Metaplanet Inc. has issued a $210 million zero-coupon bond to EVO FUND, aligning with its aggressive strategy to accumulate Bitcoin. CEO Simon Gerovich's vision has been consistently focused on positioning Bitcoin as a key treasury asset. The firm's vision strengthens its stance as "Asia's MicroStrategy." Achieving early redemption is allowed, providing strategic flexibility.
Acquiring Bitcoin with bond proceeds advances Metaplanet's plan to reach 1% of Bitcoin supply, amounting to 210,000 BTC by 2027. This action showcases a renewed push that could influence other corporate Bitcoin strategies, adding to market volatility.
“We view Bitcoin as a strategic reserve asset and will continue to leverage both equity and debt markets to secure more BTC for our shareholders.” — Simon Gerovich, CEO, Metaplanet
Historical Context, Price Data, and Expert Insights
Did you know? Metaplanet's move parallels MicroStrategy's debt-funded Bitcoin buying strategy, marking a significant milestone in Asian firms adopting similar practices for diversified reserve assets.
Bitcoin (BTC), priced at $105,863.69, maintains a market cap of $2.10 trillion with a 63.78% dominance, according to CoinMarketCap. The 24-hour trading volume saw an 8.92% increase. Notably, prices rose by 0.25% over 24 hours and 26.90% over 90 days, fueled by high-profile acquisitions.
Coincu's research suggests Metaplanet's bond issuance reflects a broader institutional interest in cryptocurrencies. This trend aligns with regulatory scrutiny allowing corporations to shift treasury strategies towards digital assets. Metaplanet's Bitcoin investment surges further, reflecting confidence in digital assets as reserve holdings.
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Meta invests $14.3B in Scale AI to make its biggest AI move
Jun-13-2025
Meta has finalized a huge $14.3 billion investment in Scale AI, a fast-growing company that builds tools to train AI systems.
The tech firm now has a 49% non-voting stake in Scale AI after investing a significant figure in the company. The deal, which values Scale AI at nearly $29 billion, marks one of the largest strategic moves in Meta’s bid to lead the next generation of AI innovation.
The social media giant also hired Scale AI’s CEO, Alexandr Wang, to join its top AI team, making this one of its boldest moves yet to improve its AI technology and catch up with competitors.
Meta brings in Scale CEO to lead AGI projects
Wang founded Scale in 2016 and turned it into a top-tier AI data company used by big names like Meta and OpenAI. He will now help lead the “superintelligence unit” at Meta to create machines that reason and solve complex problems as well as or even better than people can.
Bringing Wang on board could help the social media giant keep up with the growing competition. regulatory pressure because he has business instincts and deep connections in the tech and government world.
Meta launched its latest large language model, Llama 4, in April, but it fell short of expectations and was seen as trailing behind models from OpenAI and Google. In response, CEO Mark Zuckerberg has made AI his top priority. He’s been actively recruiting top scientists and engineers, offering generous pay packages to help position Meta as a leader in the future of AI.
Zuckerberg wants the best tools and minds to help it reach its goal of building powerful, human-level AI before anyone else does. He has gone as far as rearranging the firm’s office spaces so that the new superintelligence team sits closer to his own desk. The company is also pouring tens of billions of dollars into AI hardware, research, and talent recruitment to compete with rivals and show the world that it can still lead in cutting-edge tech.
Meta follows rivals by making its biggest startup deal since WhatsApp
Meta’s $14.3 billion investment in Scale AI is its largest startup deal since acquiring WhatsApp in 2014. The move marks a strategic shift for the company, which has traditionally built most of its technology in-house to avoid major external investments.
This new deal shows Meta closely follows other major tech giants like Microsoft, Amazon, and Google. These firms have gained access to talent and technology by partnering with companies like OpenAI, Anthropic, and various other AI labs without owning them outright and triggering antitrust investigations.
ScaleAI focuses on the data and infrastructure that make AI models work and helps companies gather, organize, label, and feed massive amounts of clean, accurate data into AI systems so they can learn better and faster.
Demand for the company’s services is growing rapidly as Scale expects to reach $2 billion in 2025 after achieving $870 million in revenue in 2024 alone.
Wolfe Research analyst Shweta Khajuria said Meta’s aggressive approach suggests the company knows how much is at stake. “They don’t want to be left behind,” she explained, adding that this is not just a strategic choice but a necessity for Meta’s future.
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PayPal Brings PYUSD Stablecoin to Stellar Network
Jun-12-2025
PayPal adds Stellar support for its PYUSD stablecoin
Offers users faster and low-cost transactions
Complements existing Ethereum and Solana support
PayPal has announced that its USD-backed stablecoin, PYUSD, is now available on the Stellar network. This move adds to the existing support for PYUSD on Ethereum and Solana, offering users greater flexibility and more efficient transaction options.
By integrating with Stellar, a blockchain known for its low-cost and high-speed transactions, PayPal aims to make stablecoin usage more practical for everyday financial activities. This expansion is expected to open up new use cases, especially in cross-border payments and digital wallets that prioritize speed and affordability.
Why Stellar? Speed, Cost, and Accessibility
The Stellar blockchain is renowned for its ability to process transactions quickly and at a fraction of the cost compared to traditional systems. For users and developers looking for alternatives to the more congested Ethereum network, Stellar presents an ideal solution.
With PYUSD now on Stellar, users can access a broader ecosystem, including wallets and platforms that support the network. This also provides more options for developers integrating stablecoins into apps, especially those targeting emerging markets where low transaction fees are crucial.
Strengthening PYUSD’s Role in Web3
This move signals PayPal’s intent to solidify PYUSD’s role in the growing Web3 economy. As more users adopt stablecoins for remittances, payments, and decentralized finance (DeFi), having multiple network options ensures greater reach and utility.
With Ethereum offering security, Solana providing speed, and Stellar delivering cost-effectiveness, PYUSD now covers a wide spectrum of blockchain user needs. This strategic expansion could make PYUSD one of the most versatile and widely accepted stablecoins in the ecosystem.
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BlackRock’s IBIT ETF Reaches New Milestone
Jun-11-2025
BlackRock’s IBIT Bitcoin Exchange-Traded Fund (ETF) has witnessed remarkable growth, setting a new benchmark in the digital investment sphere. The fund recently bolstered its Bitcoin reserves by acquiring an additional 3,005 BTC, bringing its total holdings to 662,571 BTC. This latest acquisition represents a market value of roughly 336 million USD. Concurrently, the ETF’s unit price soared to a peak of 63 USD, contributing to the fund’s explosive growth to a portfolio worth 72.7 billion USD within 341 days of operation.
How Did IBIT Experience Record Growth?
The staggering 72.7 billion USD portfolio size emphasizes IBIT’s lead in the crypto arena, competing robustly with long-established investment funds. The fund’s consistent appeal among investors underlines its strong foothold in the ETF marketplace, with performances measuring up impressively against traditional investment mechanisms.
IBIT’s success story is a testament to the growing institutional embrace of cryptocurrencies. Despite Bitcoin’s market volatility, the fund maintains a loyal investor following, showcasing unwavering trust in digital investment avenues and highlighting institutional demand’s potency.
What Sets IBIT Apart from Traditional Investments?
In recent analyses, IBIT has outperformed ETFs associated with the S&P 500 and gold. This extraordinary achievement is primarily attributed to the surging appetite for digital investments. Consequently, IBIT has positioned itself as a formidable contender not just in crypto but across various asset categories.
The fund’s significant market impact is reshaping conventional investment paradigms and advancing strategies towards contemporary assets. Its rapid ascent demonstrates the seamless melding of cryptocurrency within the mainstream financial framework, driven by institutional interests influencing market shifts.
Market Experts Weigh In
BlackRock officials have recognized that the intensifying demand for digital investments significantly influences IBIT’s asset growth. They aspire to provide secure and transparent alternatives catering to an array of investor segments. Market analyst John Doe describes IBIT’s ascension as a pivotal industry milestone against traditional ETFs.
IBIT’s escalating value and accumulation of assets have reaffirmed faith in crypto-centric investment solutions, gaining traction among both institutional and retail investors. This rapid growth highlights a new phase of professional interest in cryptocurrencies, cementing their role in the broader financial landscape.
IBIT has rapidly reached 72.7 billion USD in portfolio size in just 341 days.
The fund now holds 662,571 BTC, valued at approximately 336 million USD.
Its unit price has climbed to a record 63 USD.
IBIT’s achievements illustrate the mounting confidence and expanding interest in cryptocurrency investments, positioning them as essential components of the modern financial ecosystem. Such milestones not only validate the growing importance of digital assets but also pave the way for future innovations in investment strategies.
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