TSMC's growth underscores the pivotal role of AI in tech, but reliance on AI demand poses risks if market dynamics shift.
The post TSMC reports 30% rise in monthly sales amid AI infrastructure demand appeared first on Crypto Briefing.
Schmid's transfer highlights the growing influence of market valuation platforms in negotiations and underscores the active Swiss-Austrian player pipeline.
The post RB Salzburg signs Dominik Schmid for €3M, medical today appeared first on Crypto Briefing.
The lawsuit highlights the tension between rapid tech expansion and community well-being, potentially leading to stricter regulations and operational limits.
The post xAI and SpaceX face class action lawsuit over data center noise affecting thousands of residents appeared first on Crypto Briefing.
The founder of Capriole Investments has highlighted how Bitcoin is at the threshold of a zone that has historically provided the best long-term opportunities. Bitcoin Has Returned To Its Production Cost In a new post on X, Capriole Investments founder Charles Edwards has pointed out that Bitcoin is back at its Production Cost. The “Production Cost” here refers to an indicator that estimates the global average USD cost of producing one token of the cryptocurrency per day. Related Reading: Bitcoin Stablecoin Ratio Drops To Extreme Low—What It Means For BTC BTC uses a consensus mechanism called the proof-of-work (PoW) in which validators called miners compete against each other using computing power to gain the chance to add the next block to the chain. Today, the blockchain is so competitive that the average miner requires a ton of machines to have a shot at making revenue. Setting up mining farms can require a significant initial investment, but what determines whether the miner can earn an income is the cost required to keep these facilities running. A high amount of computing power is generally costly to run, with the main expense coming in the form of electricity bills. As the below chart shared by Edwards shows, the Bitcoin Production Cost is about $62,650 right now. This level is about where the spot price of Bitcoin also happens to currently be trading. Thus, if the estimate of the metric is anything to go by, miners are just breaking even on their operations. Following this development, BTC is now on the boundary of a zone that has been significant for the cryptocurrency in the past. “The best Long-term value opportunities have historically been between here and Electrical Cost, currently at $50K,” noted the analyst. The “Electrical Cost” here is the total cost that miners are paying for electricity alone. This level has served as a sort of lower boundary for Bitcoin over the various cycles. The Production Cost suggests that miners are under pressure at the moment. How are they reacting to this? An indicator that can be useful for following miner behavior is the Hashrate, tracking the total amount of computing power connected by these validators as a whole. Related Reading: XRP Could Offer Major Buying Opportunity At $0.90, Analyst Says According to data from CoinWarz, this metric has slumped recently. From the chart, it’s visible that the Bitcoin Hashrate currently has a value of about 837 exahashes per second (EH/s). During May, the indicator frequently touched the 1,000 EH/s mark, more than 19% higher than the latest level. Thus, it would appear that some of the miners have disconnected from the network in response to the bearish market. BTC Price At the time of writing, Bitcoin is trading around $62,400, down 9.5% over the past week. Featured image from Dall-E, chart from TradingView.com
“The same insider trade that improves the accuracy of the price today can reduce the participation that makes the price informative tomorrow,” said Balbinder Singh Gill.
Anthropic's IPO pipeline, not its new model, is what crypto traders should track.
Japan's megabanks' stablecoin plan could revolutionize digital payments, enhancing financial innovation and regulatory frameworks by 2026.
The post Japan’s three megabanks plan to jointly issue a stablecoin in 2026 appeared first on Crypto Briefing.
Craig Gordon's World Cup inclusion highlights the potential for seasoned athletes to inspire and redefine age norms in competitive sports.
The post Craig Gordon defies age for World Cup inspiration with Scotland appeared first on Crypto Briefing.
Escalating US-Iran tensions could heighten regulatory scrutiny on crypto markets, impacting investor sentiment and compliance burdens globally.
The post Iran’s Revolutionary Guards attack US base in Jordan and 21 Gulf targets, rattling crypto markets appeared first on Crypto Briefing.
TSMC's potential price hikes could intensify global tech costs, impacting industries reliant on advanced semiconductors and AI development.
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This potential deal could reshape US-Cuba trade dynamics, offering new opportunities for private sector growth amid ongoing energy crises.
The post Florida trading company nears deal to send Cuba largest US fuel cargo in decades appeared first on Crypto Briefing.
Solana failed to stay above $67 and corrected some gains. SOL price is moving lower and might aim for another increase if it stays above $63.00. SOL price started a downside correction below $66 against the US Dollar. The price is now trading below $65 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $66 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $63 zone. Solana Price Dips Again Solana price failed to stay above $67 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $66 and $65 to enter a short-term bearish zone. There was a move below the 50% Fib retracement level of the upward wave from the $60.12 swing low to the $67.90 high. There was a break below a bullish trend line with support at $66 on the hourly chart of the SOL/USD pair. The price even tested the $63.20 support. Solana is now trading below $65 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $65 level. The next major resistance is near the $66 level. The main resistance could be $67.20. A successful close above the $67.20 resistance zone could set the pace for another steady increase. The next key resistance is $68. Any more gains might send the price toward the $70 level. Downside Break In SOL? If SOL fails to rise above the $66 resistance, it could start another decline. Initial support on the downside is near the $63.10 zone and the 61.8% Fib retracement level of the upward wave from the $60.12 swing low to the $67.90 high. The first major support is near the $62.20 level. A break below the $62.20 level might send the price toward the $60 support zone. If there is a close below the $60 support, the price could decline toward the $55 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $63.10 and $62.50. Major Resistance Levels – $65.00 and $67.20.
XRP lost the $1.13 area on elevated volume, leaving traders focused on whether the latest selloff marks a final washout or the start of a deeper move toward $1.00.
The relief rally that lifted crypto off last week's lows is unwinding alongside tech stocks and gold, with traders bracing for a US inflation print and a Warsh Fed that may stay hawkish.
China's use of commercial reserves highlights strategic caution, impacting global oil markets and fueling interest in decentralized finance solutions.
The post China taps commercial crude reserves amid Iran war supply shock appeared first on Crypto Briefing.
China's dominance in critical minerals threatens US infrastructure, sparking a trillion-dollar investment race.
The post Dan Dreyfus: The US faces a critical economic inflection point, demand for critical minerals is skyrocketing, and aging infrastructure threatens power supply | All-In Podcast appeared first on Crypto Briefing.
Geopolitical tensions and inflation concerns could drive market volatility, impacting currency stability, energy prices, and crypto investments.
The post Dollar steadies after US strikes on Iran as markets brace for inflation data appeared first on Crypto Briefing.
College football's governance failures are fueling gambling issues and threatening the sport's integrity.
The post Rob Stone: Wemby’s controversial style is a response to rough play, Spurs’ defense limits Brunson’s impact, and inconsistent officiating undermines game quality | Pardon My Take appeared first on Crypto Briefing.
The investigation highlights the urgent need for stricter enforcement of supply chain regulations to prevent funding of armed conflicts.
The post Global Witness claims Amazon, Sony sourced conflict-linked coltan from DRC appeared first on Crypto Briefing.
Bipartisan talks over the CLARITY Act News are starting to get messy, with ethics rules now turning into a major sticking point. According to journalist Eleanor Terrett, a Democratic source described the latest Senate meeting as “rocky,” saying Republicans and the White House pulled back from an earlier agreement made before last month’s Senate Banking …
Today, the entire crypto market is on edge as the U.S. Consumer Price Index (CPI) report is set to be released at 8:30 AM ET. Economists expect annual inflation to climb to 4.2%, its highest level since March 2023. With Bitcoin already struggling near $61,000, stronger-than-expected economic data could put more pressure on the price …
Net assets of U.S.-listed spot ETFs have fallen to levels last seen just after Trump won the election in early November 2024.
The ticket allocation issue highlights the complex interplay between international sports and geopolitical tensions, impacting fan participation.
The post Iran’s World Cup ticket allocation pulled days before tournament kicks off appeared first on Crypto Briefing.
The missile attack heightens regional instability, potentially prompting broader military engagements and impacting geopolitical dynamics.
The post Iran fires 24 missiles into Israel, escalating regional tensions appeared first on Crypto Briefing.
Donk's unprecedented performance at IEM Cologne could redefine competitive standards, influencing team strategies and player evaluations globally.
The post Danil ‘donk’ Kryshkovets achieves highest rating at IEM Cologne Major Stage 2 appeared first on Crypto Briefing.
The SpaceX IPO's massive investor demand may divert funds from crypto markets, potentially impacting Bitcoin and other digital asset prices.
The post SpaceX draws $250B in investor demand for record IPO, and crypto markets may feel the squeeze appeared first on Crypto Briefing.
XRP is struggling around $1.15 as fear and uncertainty define the current market environment, and holders search for evidence that the current level represents support rather than a temporary pause before further decline. The price is under pressure — and a CryptoQuant analyst has identified a derivatives reset that occurred during the latest sell-off that reveals a sharp divergence between two of the largest XRP trading venues in the world. Related Reading: Ethereum OG Nails The Crash: Sells $188M, Buys Back Lower The sell-off triggered a forced deleveraging event on Bybit that the data makes impossible to dismiss. XRP open interest on Bybit fell to approximately $181 million — its lowest level since February 13, when it stood near $180 million. The current reading represents a 36% decline from Bybit’s recent peak of $283 million on May 22. A third of the leveraged XRP positioning on one of the most active derivatives venues in the market was flushed out in a compressed timeframe — the behavioral signature of forced exits rather than voluntary position management. Binance tells a completely different story. XRP open interest on Binance remained near $246 million following the same price decline — only approximately 2.4% below its recent high of $252 million recorded on June 2. While Bybit was experiencing a 36% open interest contraction, Binance was holding its positioning almost entirely intact. Two major venues. The same asset. The same price decline. Completely opposite derivative responses. The divergence between them is the structural signal that the CryptoQuant analysis examines — and what it reveals about the health of the current XRP market structure at $1.15 is the most important analytical question the data is currently raising. The Next Move Comes From One Exchange The liquidation data confirms what the open interest divergence implied. XRP’s decline was not driven purely by spot selling — forced exits from leveraged long positions amplified and accelerated the move. Multiple liquidation events exceeded $3.5 million with long liquidations dominating throughout. The futures volume data adds the scale context. On June 5, Binance recorded approximately $1.85 billion in XRP futures volume. Bybit contributed $727 million, OKX $429 million, and Bitget $423 million — a combined $3.43 billion across four venues in a single session. The derivatives market was not disengaged during the decline. It was processing an enormous volume of forced and voluntary position changes simultaneously. XRP Futures Trading Volume By Exchange | Source: CryptoQuant The recovery from the $1.055 low back above $1.14 — a rebound exceeding 8% — provides evidence that the sell-off contained a leverage flush component rather than representing a complete breakdown in underlying demand. When forced liquidations drive a significant portion of the decline, the price tends to recover once exits are complete and genuine buyers emerge. The structure that remains is specific. Bybit has deleveraged sharply with open interest reset to February levels — fragile positioning cleared. Binance remains near its recent highs with positioning almost entirely intact. The next major XRP derivatives development will originate from Binance — the venue carrying the most residual exposure and the exchange that has not yet experienced the reset Bybit completed during the sell-off. Related Reading: XRP Just Printed A Rare Binance Signal As Market Volatility Accelerates XRP Clings To $1.15 After Losing Key Support XRP is trading around $1.15 after a prolonged decline that has erased much of the advance generated during the second half of 2025. The chart shows a market that remains under pressure, but one that is also approaching a critical inflection point after testing its lowest levels of the year. XRP consolidates below $1.15 level | Source: XRPUSDT chart on TradingView The dominant feature on the 3-day timeframe is the persistent sequence of lower highs and lower lows that began after XRP peaked near $3.50. Every major recovery attempt since then has been rejected beneath the previous swing high, confirming that sellers remain in control of the broader trend. More recently, XRP lost the important $1.25-$1.30 support area, triggering another leg lower toward the psychological $1.10 region. Related Reading: Why Did Bitcoin Crash? On-Chain Data Points To One Missing Ingredient From a structural perspective, the current price zone is significant because it sits near the lows established during the first quarter correction. Buyers have repeatedly defended this area, preventing a complete breakdown despite multiple tests. However, the rebound attempts have been weak, indicating that demand remains limited. The moving averages continue to reflect bearish conditions. XRP is trading below the 50-period, 100-period, and 200-period moving averages, while the 50-period average is acting as dynamic resistance near $1.40. Until price reclaims that level, any bounce remains technically corrective rather than trend-changing. The key support remains between $1.05 and $1.10. A decisive loss of that zone could expose XRP to a deeper retracement toward the $0.90-$1.00 region. Conversely, reclaiming $1.30 and then $1.40 would be the first signal that buyers are beginning to regain control after months of sustained weakness. Featured image from ChatGPT, chart from TradingView.com
Geopolitical tensions heighten market volatility, impacting risk assets and energy supply chains, with potential long-term effects on fiscal policies.
The post Jordan military intercepts five missiles launched from Iran as Middle East conflict rattles markets appeared first on Crypto Briefing.
Chinese investors' shift to crypto derivatives for US tech IPOs highlights growing tensions in global financial regulations and market access.
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The ECB's action highlights the tension between rapid fintech innovation and regulatory oversight, potentially slowing Revolut's growth trajectory.
The post European Central Bank acts to limit Revolut’s product expansions across Europe appeared first on Crypto Briefing.