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Bitcoin mining stocks with exposure to the AI data center business have surged after the Public Utility Commission of Texas (PUC) approved a new framework to reform the grid connection process for large power consumers, The Block reported. Cipher Digital jumped more than 10% to a new all-time high, while Core Scientific and Riot Platforms rose over 3% and 2%, respectively. The outlet noted that Bitcoin miners, which have spent years building large-scale power infrastructure across Texas, are now expanding into AI and high-performance computing (HPC). The streamlined grid connection process could be a positive development for these companies as they grow their data center operations.

U.S. Representative Bryan Steil has introduced a bill that would prohibit members of Congress and their families from profiting from prediction markets on political outcomes. According to The Block, Steil explained that the American people have a right to know their representatives are not using inside information for unfair gain. He added that the legislation is crucial for restoring trust in elected officials, stating that lawmakers should be making policy, not wasting time predicting its results.

The three major U.S. stock indices closed higher today. - S&P 500: +1.09% - Nasdaq: +1.91% - Dow Jones: +0.14%

The U.S. Commodity Futures Trading Commission (CFTC) has settled its lawsuit against former Celsius CEO Alex Mashinsky, who is currently serving a 12-year prison sentence. According to The Block, the settlement, which was approved by a judge in the Southern District of New York on June 18, officially bans Mashinsky from all business activities related to the CFTC or trading under its oversight. While the regulator did not impose any new fines, the agreement adds a ban on business registration and trading.

Coinbase has announced the addition of CAP to its listing roadmap.

Bitcoin's price has remained below the estimated cost of production for miners for five consecutive months, increasing pressure on their operations, JPMorgan noted in a report cited by The Block. The bank explained that this year, BTC hashrate and mining difficulty have become more sensitive to price fluctuations. Over the past six months, the correlation between mining difficulty and the price of BTC has increased, with a significant number of miners operating near their break-even point. This makes them more likely to decide whether to run their rigs based on price changes. When the price of BTC falls below the cost of production, miners with high operating costs are forced to shut down their equipment. This leads to a decrease in hashrate and a subsequent downward adjustment in mining difficulty. According to the report, this phenomenon was observed in the second week of June, when mining difficulty fell by 10%.

Noted crypto skeptic Peter Schiff has criticized MicroStrategy founder Michael Saylor following a sharp decline in the company's perpetual preferred stock (STRC). In a post on X, Schiff argued that he believes Saylor has deceived investors and could face civil liability if they incur significant losses. Schiff had previously suggested that MicroStrategy's STRC resembles a Ponzi scheme, warning that its price could plummet if market demand weakens.

With Strategy's perpetual preferred stock (STRC) hitting an all-time low, analysts suggest the decline is primarily due to market concerns about the company's financial structure rather than the price of Bitcoin. James Butterfill, Head of Research at CoinShares, told Decrypt that uncertainty over how Strategy will manage its growing debt and dividend obligations is weighing on the STRC price. "While a rising Bitcoin price can increase the value of Strategy's assets, it does not automatically increase its available cash," he pointed out. Mark Palmer, a senior analyst at Benchmark-StoneX, told Decrypt that STRC's weakness is a structural phenomenon, not a sign of a financial crisis. He explained that it is natural for the price to adjust if the dividend rate is lower than the return demanded by the market. "STRC currently offers an attractive total return opportunity for investors, with a high dividend yield and a mechanism designed to return the price to its par value," Palmer assessed. Meanwhile, STRC is trading at $87.20, down 2.02% from yesterday.

U.S. Representative Mike Collins of Georgia invested in a memecoin in late 2024 that has since seen its value collapse by 98%, Forbes reported. The congressman first disclosed a purchase of Ski Mask Dog (SKI) worth between $1,001 and $15,000 in December 2024. He subsequently made 11 additional purchases and one sale in May 2025, with the total value of his SKI holdings estimated to be between $10,000 and $160,000. According to Forbes, the coin reached an all-time high of $0.27 just two days after Collins' initial reported purchase but has since crashed to around 0.5 cents. When previously asked about his reason for buying the memecoin, Collins said he "just liked it."

The U.S. military announced yesterday that it has lifted its blockade on all maritime traffic to and from Iranian ports and coastal areas. It confirmed that the passage of ships is no longer being blocked and all enforcement activities have been suspended.

The price of spot gold is down more than 1% intraday, trading at $4,215.05 per ounce.

MicroStrategy's (MSTR) perpetual preferred stock, STRC, is trading at $85.60, down 3.85% from yesterday. This marks another consecutive all-time low for the stock.

The United States and Iran have declared an immediate and permanent end to military operations on all fronts, including in Lebanon. The U.S. is scheduled to fully lift its maritime blockade on Iran within 30 days.

Small transactions of less than 0.01 BTC now account for approximately 80% of all Bitcoin transactions, a significant increase from under 50% in 2023, CryptoQuant reported on X. The analytics firm also noted that the use of OP_RETURN is approaching all-time highs, driven by growing demand for protocols like Runes and Ordinals. This surge is primarily fueled by an increase in network activity rather than a rise in the monetary value of transactions, CryptoQuant added.

Major exchanges have seen $105 million worth of futures liquidated in the past hour. In the past 24 hours, $509 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,964.14 on the Binance USDT market.

Hsiao-Wei Wang has officially resigned from her positions as Co-Executive Director and board member of the Ethereum Foundation, Wu Blockchain reported. She emphasized that Ethereum's core strength lies in its permissionless, open infrastructure built by developers and contributors worldwide. Wang added that while her future plans are undecided, she will remain a member of the Ethereum community.

Renaiss, a BNB Chain-based liquidity infrastructure project for real-world asset (RWA) collectibles, has secured $1.5 million in funding, The Block reported. The round was led by YZi Labs, with participation from Gate Ventures, Hash Global, and others. The capital will be used to expand the Renaiss Vault Network, enter new collectible sectors, enhance product and ecosystem integration, improve capital efficiency, and grow its global operations.

Ethereum's monthly active users (MAU) reached an all-time high of 13.2 million in the first quarter of this year, an 85.9% increase from the previous year, according to Token Terminal. The network processed 200.4 million transactions, up 81.5% year-over-year, while its transactions per second (TPS) grew by 81.7% to 25.78. In contrast, Ethereum's Layer 1 fee revenue fell by 81.9% to $39.9 million over the same period.

Cryptocurrency asset management firm ReserveOne's attempt to list on Nasdaq via a SPAC merger has been scuttled by investor opposition, Bloomberg reported. The planned $1 billion deal, which had attracted attention for involving prominent figures like former U.S. Commerce Secretary Wilbur Ross, was halted after two major investors demanded its cancellation.

Thorchain (RUNE) has suspended trading for over a month following a $10 million hack, on-chain analyst Specter pointed out. He explained that Thorchain had not previously suspended trading, including simple swaps between ETH and BTC, even when other projects were hacked or faced money laundering allegations. This time, however, all network-wide trading has been completely halted because its own chain was compromised. Specter advised users to exercise caution.

Kalshi is launching a prediction market service in Canada, Walter Bloomberg reported. The service, which will be available through Wealthsimple, offers a new way to participate in future events and trends.

Kraken has officially launched a Solana-based decentralized exchange (DEX) trading service on its mobile application, Unfolded reported. Users can trade thousands of tokens via a built-in Privy wallet and major Solana protocols, with their holdings integrated into the existing portfolio screen. Trades can be executed from the current user interface using USD or USDC balances. Kraken stated that it plans to expand support for additional blockchain networks as part of its "DeFi mullet" strategy, which combines user experience with on-chain infrastructure.

The Algorand (ALGO) Foundation has unveiled a roadmap to transition its blockchain to a quantum-resistant structure by the end of next year, CoinDesk reported. According to the plan, a series of upgrades will be implemented starting this year, including the introduction of post-quantum accounts, multi-sig wallets, and staking support. A subsequent phase will involve upgrading the network's fundamental core structure.

Bitcoin lending company Ledn will support Tether Gold (XAUT) as a collateral asset, The Block reported. The move will allow users to take out loans against gold in the same way they currently do with Bitcoin. Tether made a strategic investment in Ledn last November, and the two companies have maintained their partnership.