The bitcoin mining industry in Russia has the opportunity to rise and secure the second spot in bitcoin hashrate, according to GIS Mining&#8217;s Vasily Girya. Even with the recent restrictions, Girya states that the entrance of new, larger economic groups will invigorate the Russian mining ecosystem. Despite Current Headwinds, Russia May Rise as Second Bitcoin […]

Russia Predicted to Emerge as the Second Global Bitcoin Mining Power

Singapore is tightening its grip on crypto misconduct. Under new rules, 
unlicensed promotions or shady practices could lead to steep fines or prison 
time.

Break Singapore’s new crypto rules and you could face $200K fine or jail

Bank of Japan officials are beginning to acknowledge what once seemed 
outlandish: that cryptocurrencies could one day become a major part of 
everyday payments in Japan—and perhaps even challenge the yen itself. While 
they stress that such a shift won’t…

Japan’s central bank eyes crypto as contender in its post-cash economy

After U.S. President Donald Trump announced on Saturday evening that the U.S. 
had launched successful airstrikes on Iran, trading activity tied to the 
Middle East conflict on prediction markets lit up like a pinball machine. 
Gamble of War: Traders Bet on Invasion, Regime Collapse, and Nuclear Deals 
That same evening, Trump shared that the U.S. […]

US Bombs Iran, and Now Everyone’s Wagering on What’s Next

Senator Lummis’ RISE Act may be a good start, but does it ask too much of 
doctors, lawyers and engineers — while shielding AI developers?

Lummis’ RISE Act is ‘timely and needed’ but short on details

The spot Bitcoin ETFs (exchange-traded funds) have been in good form over the 
past few weeks, receiving renewed interest from investors in the United 
States. This recent spurt of momentum has been a rare bright spark in the 
crypto market, which has been overwhelmed with investor uncertainty lately. 
Interestingly, the typically straight line between the spot Bitcoin ETFs’ 
performance and the BTC price action has not been particularly straight in the 
past few weeks. While the crypto-linked financial products have shone in the 
past few days, the underlying premier cryptocurrency has seen better days. 
Spot Bitcoin ETFs Record $1 Billion In The Past Week According to the latest 
market data, the US-based spot Bitcoin ETF market recorded a total net inflow 
of $6.37 million on Friday, June 20. This performance marked the ninth 
successive day of positive capital influx for the crypto investment products, 
signaling increased investor interest and demand. Related Reading: Stablecoin 
Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets SoSoValue data 
shows that BlackRock’s iShares Bitcoin Trust (with the ticker IBIT) was the 
only BTC exchange-traded fund with net inflow on Friday. The trillion-dollar 
asset manager’s fund added a remarkable $46.91 million in value to close the 
week, as it continues to lead the pack in net assets. Fidelity Wise Origin 
Bitcoin Fund (FBTC) was the only other Bitcoin ETF that recorded any activity 
on Friday. According to market data, the second-largest spot BTC exchange- 
traded fund by net assets posted a daily net outflow of $40.55 million on the 
day. Nonetheless, the $6.37 million single-day performance pushed the US-based 
Bitcoin ETFs’ weekly record above the $1 billion mark. While this figure falls 
short of the exchange-traded funds’ performance ($1.39 billion) in the 
previous week, it still represents a trend in the right direction after 
enduring two weeks of nearly $300 million in outflows. Bitcoin Price Falls 
Below $101,000 Level Despite the positive performances of the US-based Bitcoin 
ETFs, BTC’s price has continued to struggle to build any sustained bullish 
momentum over the past two weeks. The flagship cryptocurrency seemed set for 
another trip to a new all-time-high price earlier this week before succumbing 
to some bearish pressure mid-week. In the late hours of Saturday, the price of 
BTC fell to below the $101,500 level as another wave of downward pressure hit 
the crypto market. As of this writing, the market leader is valued at around 
$101,484, reflecting an almost 2% price decline in the past 24 hours. 
According to data from CoinGecko, the price of Bitcoin is down by nearly 4% in 
the past seven days. Related Reading: Bitcoin Sees Modest Gains, But Demand 
Weakness Limits Breakout Potential Featured image from iStock, chart from 
TradingView