Stablecoin issuer Tether plans to open-source its Bitcoin Mining Operating System, allowing companies of all sizes to access and operate mining infrastructure independently, without relying on proprietary third-party software. The announcement was made by Tether (USDT) CEO Paolo Ardoino, who…

Tether to start open-sourcing its Bitcoin mining OS

The New York Fed’s Survey of Consumer Expectations for May showed that 
Americans are becoming less worried about tariff-induced price inflation. With 
Tariff Tensions Easing, Bitcoin Soars Past $108K Americans are getting less 
worried about higher prices at the pump as qualms around the Trump 
administration tariffs fade. The Federal Reserve Bank of New York […]

Bitcoin Crosses $108K as Tariff Fears Subside

Bitcoin price pushed through a critical overhead resistance level, possibly 
opening the door to new all-time highs.

Price predictions 6/9: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

The incident highlights the vulnerability of digital platforms in 
disseminating misinformation, potentially impacting national and global 
markets.
The post Did Paraguay just make Bitcoin legal tender? Suspected hack of 
president’s X account sparks confusion appeared first on Crypto Briefing.

Did Paraguay just make Bitcoin legal tender? Suspected hack of president’s X account sparks confusion

Ethereum is back in sharp focus across the crypto market following a recent 
rally to $2,800 that has added fresh layers of bullish momentum to its long- 
term narrative. At the time of writing, Ethereum is trying to register a 
footing above $2,500, but this subdued price action masks what an analyst is 
calling one of the most critical technical and on-chain moments in Ethereum’s 
recent history. Ethereum Weekly Engagement Hits Record High According to 
Crypto Patel, a crypto analyst on the social media platform X, Ethereum&#8217;s 
weekly engagement has reached an all-time high, surpassing all previous peaks 
seen since 2022. The accompanying chart below shows a steep rise in the number 
of unique addresses interacting with Ethereum’s ecosystem. Related Reading: Is 
Ethereum Back In Business? Morningstar Candlestick Pattern Tells A Story 
According to the most recent data, the number of weekly active addresses 
stands at 17.4 million, representing an increase of almost 17% in just seven 
days. Notably, May 2025 saw the most significant growth in engagement, with 
each of the past three weeks witnessing at least 15 million active addresses. 
Meanwhile, the Layer 2 multiplier, which reflects adoption across Ethereum’s 
scaling solutions, has climbed to 7.55x, marking an 18.63% jump over the same 
period. Crypto Patel described the development as impossible to ignore, adding 
that the momentum is building fast, and warned followers to stay ready as 
Ethereum prepares for what could be a dramatic next leg up. “It’s impossible 
to ignore $ETH right now,” he remarked. Despite a minor 4.31% decline in 
cross-chain activity in the past seven days, the overall engagement trend 
confirms that more users are entering the Ethereum ecosystem. Analyst Predicts 
$9,000 To $10,000 ETH Price Target Complementing this on-chain momentum is a 
broader technical perspective offered by another crypto analyst known as 
XForceGlobal on the social media platform X. In a detailed Elliott Wave 
analysis also shared on X, the analyst noted that Ethereum has successfully 
completed a complex corrective structure and is now poised to enter a powerful 
new impulsive phase. According to the chart, the bearish scenario has been 
invalidated by recent price behavior, and a new bullish cycle is now underway 
as Ethereum is currently playing out a bullish B wave. Related Reading: 
Ethereum Price At $8,000: Pundit Predicts Parabolic Run For ETH If this 
bullish B wave plays out as expected, XForceGlobal projects a major price 
surge with a target range between $9,000 and $10,000 for Ethereum. 
Specifically, the analyst identified a $9,410 price target for sometime in the 
next year. However, the analyst outlines a hypothetical fallback to the $576 
zone if the C corrective wave unfolds. Nonetheless, the current wave structure 
shows an increased likelihood of Ethereum surging higher rather than breaking 
down. The analyst concluded by stating, “We can now confidently scrap the 
bearish case. The impulse opened the door for potential new highs.” At the 
time of writing, Ethereum is trading at $2,493 with a recent intraday high of 
$2,537. Featured image from Getty Images, chart from Tradingview.com

Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric

Bitcoin and top altcoins like Venice Token, Kaia, Ravencoin, Fartcoin, and 
SPX6900 rose on Monday as U.S.-China trade talks got underway. Bitcoin (BTC) 
climbed to $108,000, its highest level since May 29, marking a 7.55% gain from 
its monthly low.…