Crypto Moni

💰 Bitcoin Miner Revenue Hits 10-Year Low Bitcoin miners' revenue from network transactions has fallen to 0.69% of total earnings, a decade low. Mining one bitcoin costs $78,254 while the price is around $64,100, making mining unprofitable without a price rise. The network's computing power dropped 33% since October last year, from 1.3 ZH/s to 898 EH/s. Many firms now shift their supercomputers to AI tasks.

US national debt has surpassed $40 trillion for the first time amid ongoing government borrowing growth. At the time of reporting, the debt slightly fell below the $40 trillion mark again.

JUST IN: 🇺🇸Trump Media is reportedly charging trading firms up to $1.2 million annually for early access to President Trump's Truth Social posts.

🚨 Crypto payments platform Coinsbuy was drained of more than $7.9 million across Ethereum and TRON, according to onchain investigator Specter.

🪙 Trump Warns US on Crypto Leadership Loss Trump said if the US doesn’t lead in crypto, China will take over. He stressed the US must not fall behind China in crypto or AI, calling the sector too big to lose. He noted, "Crypto is a big deal. I see more people paying with Bitcoin and forgetting about cash." Trump also criticized the CLARITY Act proposals restricting officials' crypto trades, saying they unfairly target him while Democrats trade stocks freely.

Stock markets are rallying today, driven by falling oil prices and easing Treasury yields. A temporary pause in U.S.-Iran military strikes, which has cooled down oil prices. Investors prepping for upcoming big tech earnings reports and an upcoming Federal Reserve policy decision.

JUST IN: 🇺🇸 President Trump says the US is taking over the Strait of Hormuz.

🪙 Bitmine Bets on Ethereum's Corporate Adoption Bitmine believes Ethereum is entering a new phase where growth will be driven not by the crypto market but by widespread adoption from banks, corporations, and large companies. The company compares this trajectory to the transformations seen with Amazon, Nvidia, and JPMorgan. They suggest that if this scenario unfolds, ETH could eventually become the main unit of account in the digital economy.

⚡️ JUST IN: Ansem Wallet now holds over $200M in a Solana-based memecoin named after him, owning about 58% of the token supply, according to BubbleMaps data. The liquidity for this memecoin stands at $5.48M.

JUST IN: U.S. private employers added 98,000 jobs in June, below the 118,000 forecast.

Donald Trump crypto holdings

a16z wallet started selling HYPE and buying ETH. In 6 hours, 77,402 HYPE (~$5.18 million) was sent to exchanges, while 485 ETH (~$782,000) was withdrawn.

MORE people working which was gd make sense we pump but not buying it

USDT flipped ETH

🔽 JUST IN: CARDANO CRASHES TO $0.139, ITS LOWEST LEVEL SINCE 2020, AMID A 16M $ADA EXPLOIT Cardano’s selloff has deepened, sending ADA to a 6-year low and leaving it down over 95% from its peak. This comes after SecondFi was hit by a 16M ADA exploit, with expected losses estimated at around $20M.

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TRUMP: IRAN NUCLEAR DEAL SIGNING SCHEDULED TOMORROW