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news.bitcoin.com Bank of America Names Adam Dixon Global Head of Digital Asset Transformation

Bank of America has appointed Adam Dixon, a more than 20-year veteran of the firm, as its global head of digital asset transformation, tasking him with steering the second-largest American bank’s crypto and tokenization strategy. A New Crypto Command at a Wall Street Giant The appointment names Dixon global head of digital asset transformation, with […]

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forklog.media Bloomberg Predicts Harshest Crypto Winter in History

The digital asset industry is experiencing its most severe downturn due to a combination of factors. According to Joe Weisenthal and Tracy Alloway, hosts of Bloomberg's Odd Lots podcast, the current period is marked not just by falling prices but by a "loss of faith" and a systemic crisis of ideas. Weisenthal emphasized that while Bitcoin has seen deeper declines in its history, the current situation is distinguished by the demoralization of market participants. Key reasons identified by experts include: collapse of protective narratives: the first cryptocurrency failed to confirm its status as an inflation hedge — amid dollar instability, investors preferred gold; competition with AI: the artificial intelligence sector has begun actively absorbing capital, engineering talent, and investor attention. Additionally, miners are forced to compete with AI data centers for electricity; institutionalization issues: the launch of spot ETFs and mainstream adoption have deprived the market of the "early-stage" development argument. Meanwhile, Wall Street's interest has shifted from trading activity to stablecoins and tokenization; technological risks: the hosts mentioned the threat from quantum computing to cryptographic security and pressure from corporate holders who may begin selling off their reserves. The situation is exacerbated by an "identity crisis" amid the absence of new growth drivers. According to Weisenthal and Alloway, even the launch of powerful models like Claude 4.6 from Anthropic and GPT-5.3 from OpenAI is drawing attention away, leaving the crypto sphere in the shadow of technological progress. At the time of writing, Bitcoin is trading at $66,975, Ethereum at $1,874, and Solana at $74.97. Despite high levels relative to past cycles, experts insist that structurally this "cold" is the harshest in the industry's history. Source: CoinGecko. Earlier, on June 2, the price of the first cryptocurrency fell below $70,000. The decline occurred amid escalating tensions between the US and Iran, as well as due to Strategy's sale of part of its reserves.

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forklog.media Uber Imposes Monthly AI Spending Limit for Employees

Uber has set a $1500 monthly limit per employee for the use of AI services. The restriction applies to coding tools like Claude Code and Cursor, according to Bloomberg. Expenses for each service are tracked separately. Employees monitor their spending through an internal dashboard and can request additional funding in special cases. Uber stated that the limits are intended to help "responsibly" develop experiments with agent AI within the company. According to Bloomberg, the measure was introduced in recent months and applies only to programming tools. The decision followed a rapid increase in internal AI usage. In April, Uber's CTO Pravin Nepalli Naga reported that the company had already exhausted its annual AI budget. Previously, Uber encouraged employees to use AI "as much as possible" and compared teams based on activity in internal rankings. In May, Uber CEO Dara Khosrowshahi stated that about 10% of the company's code changes are generated by AI agents. He noted that the use of such tools has increased not only among developers but also in legal and marketing teams. Uber also announced that it will slow down hiring, considering the impact of internal AI application. Uber COO Andrew Macdonald acknowledged that the company still finds it challenging to directly link the rise in AI spending to the emergence of new useful features for customers. He mentioned that such a connection might become clearer in the future, but it is currently difficult to establish even with the growth of internal metrics. Back in November 2025, Uber launched a driverless taxi service in Abu Dhabi.

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blockonomi.com DOJ, CFTC Investigate Santos Over Kalshi Event Trades

TLDR The Department of Justice and the Commodity Futures Trading Commission are investigating George Santos over trades tied to a February event market. Kalshi detected suspicious activity linked to his State of the Union attendance and froze his account. Santos allegedly bet he would not attend after publicly stating he planned to appear at the [...] The post DOJ, CFTC Investigate Santos Over Kalshi Event Trades appeared first on Blockonomi.

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blockonomi.com Grayscale Launches HYPG Hyperliquid ETF on Nasdaq

TLDR Grayscale launched the HYPG Hyperliquid Staking ETF on Nasdaq with a 0.29% sponsor fee. The HYPG fee undercuts competing products from Bitwise and 21Shares. The ETF provides exchange-traded exposure to Hyperliquid’s native token HYPE. HYPE ranks as the tenth-largest cryptocurrency with a $15.8 billion market cap. The Commodity Futures Trading Commission approved the first [...] The post Grayscale Launches HYPG Hyperliquid ETF on Nasdaq appeared first on Blockonomi.

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bitcoinist.com XRP Marks 14th Birthday While Ripple Expands DC Presence

XRP marked its 14th anniversary on Tuesday, June 2, with Ripple executives and long-time community figures reflecting on the asset’s origins just as the company announced a larger footprint in Washington, D.C. The timing places XRP’s history and Ripple’s policy ambitions side by side, at a moment when US digital asset regulation remains a central […]

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cryptopotato.com Crypto Platform 1win Welcomes Ilia Topuria as the 1win VIP Community Member

[PRESS RELEASE – Mexico City, Mexico, June 3rd, 2026] The international crypto entertainment platform 1win has announced the addition of Ilia Topuria to its VIP community. The signing of the contract with the fighter became publicly known on June 2, 2026. Topuria becomes a new member of the global 1win VIP Community, the brand’s exclusive […]

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news.bitcoin.com Bank of America Names Adam Dixon Global Head of Digital Asset Transformation

Bank of America has appointed Adam Dixon, a more than 20-year veteran of the firm, as its global head of digital asset transformation, tasking him with steering the second-largest American bank’s crypto and tokenization strategy. A New Crypto Command at a Wall Street Giant The appointment names Dixon global head of digital asset transformation, with […]

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blockonomi.com Tokenized Equities Advance on BSC as Collateral and DeFi Gaps Persist

TLDR: Ondo Finance Global Markets surpassed $5B in cumulative DEX volume on BSC. Most tokenized equity products cover only 2–3 of the 5 required infrastructure layers. BUIDL, BENJI, and VBILL are the primary products building out the collateral layer in DeFi. Without a collateral layer, tokenized equities function as price trackers, not financial instruments. Tokenized [...] The post Tokenized Equities Advance on BSC as Collateral and DeFi Gaps Persist appeared first on Blockonomi.

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btcmanager.com How to convert XRP, BTC into $1200 daily passive income during a crypto market downturn

XRPPower unveils AI-driven digital asset platform focused on automation, transparency, and data traceability. In the recent volatile cryptocurrency market, more and more investors are realizing that relying solely on price increases to generate profits is becoming increasingly difficult. The market’s…

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bitcoinist.com Has An Alt Season Begun? Here’s What The Altcoin Season Index Says

Recently, there have been rallies across some altcoins, with Ethereum seeing some recovery as well, pushing the idea of an alt season. With the likes of Hyperliquid pumping to new all-time highs, this has propelled some of the top 100 altcoins by market cap to surpass Bitcoin’s performance during this time. As more altcoins continue […]

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news.bitcoin.com Grayscale’s Hyperliquid Staking ETF Debuts With Lowest US Fee at 0.29%

Grayscale’s Hyperliquid Staking ETF (HYPG) began trading on June 3 with a 0.29% sponsor fee, the lowest among US-listed HYPE products, intensifying a price war among issuers chasing the fast-growing token. A Fee War Heats up Around HYPE Grayscale has launched its Hyperliquid Staking exchange-traded fund (ETF), with the product now trading live under the […]

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blockonomi.com Hyperliquid Hits $4.5T in Perp Volume as Grayscale Launches HYPE Staking ETF

TLDR: Hyperliquid has reached $4.5T in cumulative perp volume with $10.1B in open interest. Grayscale launched the HYPG staking ETF at a 0.29% gross management fee for investors.  HIP-3 makes perp market creation permissionless, with 187 active builder codes so far. Hyperliquid has returned $1.12B in revenue to holders across the protocol’s lifetime. Hyperliquid has [...] The post Hyperliquid Hits $4.5T in Perp Volume as Grayscale Launches HYPE Staking ETF appeared first on Blockonomi.

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forklog.media Cardano Platform TapTools to Shut Down Operations

The platform TapTools, which provides analytics and infrastructure solutions for the Cardano ecosystem, will cease operations within two weeks. The primary reasons cited are the departure of key employees and high operational costs. After four years of building for Cardano, today we have difficult news to share. pic.twitter.com/eBN9J9FErx— TapTools (@TapTools) June 2, 2026 Earlier this year, two co-founders, as well as the COO and CTO, left the project. The interim CTO appointed later also moved to another project. TapTools emphasized that technical support for a platform of this scale requires significant infrastructure and development costs, which the project cannot sustain under current conditions. Cardano founder Charles Hoskinson commented on the situation, noting that TapTools' exit reflects the overall pressure on projects within the network. TapTools https://t.co/Z2EjQXUBKQ— Charles Hoskinson (@IOHK_Charles) June 2, 2026 He warned of a potential "wave of failures" in the second half of the year, affecting DeFi protocols and other startups due to unfavorable market conditions. The TapTools team added that they remain open to acquisition offers or external funding, which could allow the service to continue operations. Launched in 2022, the project was considered one of the key tools for monitoring tokens and activity in the Cardano ecosystem. In May, the Cardano Foundation canceled the Cardano Summit 2026 in Singapore after a treasury funding proposal failed to gain the necessary support in an on-chain vote.

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news.bitcoin.com Coinbase CEO Brian Armstrong’s Newlimit Raises $435 Million, Tripling Valuation to $3.1 Billion

Newlimit, the longevity biotech co-founded by Coinbase CEO Brian Armstrong, has raised $435 million in a Series C round led by Founders Fund, roughly tripling the company’s valuation to about $3.1 billion. Crypto Wealth Flows Into Longevity Science Newlimit, the anti-aging biotech co-founded by Coinbase Global Inc. (Nasdaq: COIN) Chief Executive Brian Armstrong, has closed […]

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forklog.media Microsoft Unveils Majorana 2 Quantum Chip

Microsoft announced the topological quantum chip Majorana 2. The new processor features a lead-based material stack, enhancing qubit stability more than 1000 times compared to the previous generation. According to the company, the qubit lifetime in Majorana 2 exceeds 20 seconds, reaching up to a minute in some cases. In comparison, Majorana 1 had a range of 1 ms to 12 ms. Microsoft also achieved operation durations of about 1 μs and a qubit size of approximately 0.01 mm. The key change in the new chip is related to materials. Many competitors, including Google and IBM, use aluminum conductors, whereas Microsoft switched to lead. According to the tech giant's Vice President Jason Zander, this change enabled the 1000-fold improvement in performance. The corporation aims to create a scalable quantum computer by 2029, having roughly halved previous timelines. AI Assistance Microsoft also stated that artificial intelligence accelerated material discovery and helped refine production. AI tools analyzed scientific research, searched for suitable compounds, automated measurements, optimized manufacturing processes, and identified defects affecting qubit reliability. Simultaneously, the firm opened access to the Microsoft Discovery platform for research and development. It allows companies to create teams of AI agents, connect them to internal data and external scientific sources, build hypotheses, plan experiments, analyze results, and repeat the cycle. The quantum team used Discovery to manage workflows. Microsoft's Corporate Vice President for Quantum Technologies Zulfi Alam called the automation of measurements with agentic AI a "turning point." In June, D-Wave Quantum revealed a roadmap for the phased development of quantum systems. By 2032, they plan to create a fault-tolerant quantum computer with 100 logical qubits.

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blockonomi.com Blockchain Analysis Helps Singapore Police Force Stop $4.2M in Crypto Scam Funds

TLDR: Singapore Police Force blockchain analysis helped block over $4.2M in potential crypto scam losses in six weeks. Seven crypto exchanges including Coinbase, OKX, and Gemini supported the SPF’s second joint anti-scam operation. Officers conducted 145+ targeted interventions using Chainalysis and TRM Labs blockchain analytical tools. The operation covered government impersonation, investment, job, and love [...] The post Blockchain Analysis Helps Singapore Police Force Stop $4.2M in Crypto Scam Funds appeared first on Blockonomi.

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blockonomi.com Ethereum Poised to Outperform Bitcoin as Strategy Sells BTC, Standard Chartered Says

TLDR: Standard Chartered projects Ethereum will climb 41% to $2,700 by year-end as ETH/BTC ratio hits 0.04. Strategy’s $2.5M Bitcoin sale triggered one of Ethereum’s largest daily outperformance spikes since 2024. Ethereum-holding firms can stake assets for yield, reducing sell pressure unlike Bitcoin-holding firms. Standard Chartered sets a $4,000 year-end target and a $40,000 Ethereum [...] The post Ethereum Poised to Outperform Bitcoin as Strategy Sells BTC, Standard Chartered Says appeared first on Blockonomi.

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bitcoinist.com Bitcoin Whales Most Active In Six Weeks As BTC Drops Under $67,000

On-chain data shows the latest crash in the Bitcoin price has come alongside a spike in transaction activity from the whale-sized addresses. Bitcoin Whale Transaction Count Has Just Witnessed A Spike According to data from on-chain analytics firm Santiment, the Bitcoin Whale Transaction Count has observed a surge recently. The “Whale Transaction Count” here refers […]

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news.bitcoin.com El Salvador Buys the Dip as Bitcoin Slides Under $66,000, Reserve Nears 7,600 BTC

El Salvador is buying the dip again as bitcoin slides as low as $65,700, with the Central American nation’s strategic reserve now holding roughly 7,600 BTC worth more than $510 million. A Familiar Playbook on a Red Day As bitcoin dropped under $66,000 this week, El Salvador leaned into the slide rather than away from […]

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forklog.media Cuba’s Postbank Economy

Cuba doesn’t see large volumes of bitcoin transactions, yet the country has become one of the clearest examples of cryptocurrency use under sanctions and limited access to international payment systems. Against this backdrop, part of the flow is shifting to P2P networks and messengers, forming elements of a postbank economy. ForkLog examined how an island of more than 10 million people lives under financial isolation and why authorities began legalizing crypto for foreign trade. Island in the Dark On the evening of March 4, much of western Cuba lost power. First, one of the country’s key thermal power plants, Antonio Guiteras, about 100 km from Havana, shut down in an emergency. Minutes later the outages cascaded across the grid. Restoration took 16 hours. Representatives of the Ministry of Energy linked the shutdown to the U.S. oil blockade of Cuba. Soon after the arrest of Venezuela’s president, Nicolás Maduro, on January 3 during a military operation, Donald Trump’s administration declared Cuba an “extraordinary and unusual threat” to U.S. national security. Washington tightened sanctions on Venezuela’s oil industry and threatened tariffs on countries supplying fuel to Cuba. That reduced regional shipments, including exports from Mexico. Cuba needs about 110,000 barrels of fuel a day, but domestic production doesn’t exceed 40,000 barrels. The country has also completely run out of diesel and fuel oil. Add to this the physical wear of generation assets with no access to spare parts to keep them running. In the following weeks the grid collapsed again, leading to a full shutdown of the national power system. By May, outages had become routine, reaching 18–24 hours a day in some regions. By late May, available capacity stood at 1,175 MW against demand of 2,713 MW. Beyond social fallout like water supply disruptions and broken cold chains, the blackouts also hit financial infrastructure. Banking depends critically on stable power and connectivity: ATMs, payment terminals and parts of digital services fail. This stop-start mode further shifted attention to informal channels and cryptocurrencies. Digital assets had entered Cuban daily life long before the grid’s collapse, primarily due to chronic economic constraints and the gradual breakdown of traditional payment rails. Financial Architecture The Military Conglomerate A key pillar of Cuba’s economy is the conglomerate GAESA, created in 1995 by Raúl Castro and run by the country’s armed forces. Initially meant to bolster defense finances, it later became a commercial empire. Experts estimate GAESA controls 40% to 70% of the economy and 95% of the financial system, including Banco Financiero Internacional, one of the largest banks. Its operations span hotels, retail, port infrastructure, currency exchange and a large share of import channels. Some estimates attribute about 34% of Cuba’s total goods and services exports to the conglomerate. An investigation by the NY Times emphasizes that GAESA functions as a closed corporate structure with limited public reporting and minimal external transparency, while its activities are effectively state-controlled. The U.S. government contends the network’s revenues exceed the state budget more than threefold and that it may control up to $20 billion in illicit assets. Cuba’s embassy in the United Kingdom disputed the figures, saying reporters mixed up currencies and overstated the amount by 24 times. According to the embassy, under basic local accounting rules the figures in the document required conversion into pesos at the official rate (1:24), which the authors failed to apply. The @MiamiHerald & @ngameztorres claim Cuba’s GAESA hoards $18B USD, pushing a sensationalist narrative to justify brutal US sanctions. Basic accounting dismantles this "bombshell." Let's look at their own leaked document. This is a masterclass in journalistic malpractice. 🧵 https://t.co/UIhXozD4Iw pic.twitter.com/NInRidHEFA— Cuba in the UK (@EmbaCuba_UK) May 16, 2026 “Basic accounting dispels this ‘sensation.’ Inventing a secret $18 billion hoard provides a convenient political pretext for tightening the very illegal sanctions that are strangling the Cuban population,” embassy representatives wrote. Banking Woes After the 2021 currency reform, the government further centralized access to dollar liquidity. Authorities scrapped the system of two currencies and simultaneously expanded the use of MLC — a special “freely convertible” accounting unit pegged to the dollar. State stores selling scarce goods switched to MLC cards, and access to imports increasingly depended on foreign currency or transfers from abroad. The result was a parallel dollar system inside the country. The crisis accelerated in spring 2025 when Cuba effectively began operating under an informal banking moratorium: authorities restricted the ability of foreign companies to withdraw dollar deposits from state banks. At the same time, the peso’s unofficial rate collapsed to about 510 CUP per dollar, while GDP fell roughly 11% over five years. Amid this concentration of financial control, any external constraints — including U.S. sanctions on entities linked to GAESA — further squeeze international banking channels and limit options for traditional cross-border payments. As of November 2025, 93% of remittances in Cuba moved through informal networks. Cryptocurrencies plugged into this system. Cuban entrepreneurs use them to pay foreign suppliers, settle imports and access dollar liquidity outside the traditional system. For many households, crypto became an alternative tool: it’s used to receive transfers from relatives, store savings and bypass banking limits. It’s nearly impossible to verify whether political elites use cryptocurrencies. Cuba lacks robust public asset disclosures for officials, and much of the state’s and military-linked entities’ financial flows remain opaque. Regulation and the Real Market Formally, crypto isn’t banned in Cuba. In 2021 the central bank acknowledged the potential use of virtual assets for socioeconomic purposes. The regulator’s resolution defined them as a digital representation of value that can be sold or transferred digitally and used for payments or investments. By 2022, the government began issuing crypto service providers licenses valid for one year with renewal options. A distinctive feature is a mandatory assessment of a business’s economic and social relevance to the state. Exchange, transfer and custody services are allowed only with central bank–approved assets under the specific authorization. Violations carry fines of up to 50,000 CUP for individuals and up to 5 million CUP for legal entities. The only publicly known license holder is Lithuania-registered EBIORO UAB, founded in 2019 by Cuban émigré Yulexi Matienzo Carcases. Despite early steps on regulation, the market continued to develop largely in the gray zone. Its hubs are Telegram channels, WhatsApp groups and local P2P platforms such as QvaPay and Heavenex. Crypto pricing in Cuba reflects real user-to-user deals and depends on global trends and local factors — currency shortages, sanctions and high demand for dollar liquidity. Participants watch current buy-sell posts and the cost of cash dollars and MLC. Rates on local P2P platforms are usually more balanced thanks to the Cuban diaspora and inbound remittances. In Telegram and WhatsApp communities, prices are often less favorable for buyers as private brokers add a premium for speed, convenience and access to liquidity. Prices can also vary significantly by deal size, payment method and counterparty reputation. The largest Cuban crypto communities on Telegram range from a few hundred to nearly nine thousand members. P2P platforms partially reduce risk via escrow, while private channels and informal groups see more fraud due to a lack of guarantees. Cuban authorities have repeatedly warned about the risks of unregulated crypto use and pointed to its vulnerability to illegal schemes. The best-known case was the Trust Investing pyramid, which spread via Telegram and social media in 2020–2021. According to available estimates, up to 300,000 people were involved. Most users lost access to funds; total losses remain unknown. Life Outside the Stats Unofficial data suggest that in 2022 between 100,000 and 200,000 Cubans used crypto. More recent counts point to a decline in active market participants to about 10,000. In 2023, Cuba ranked 136th out of 155 in Chainalysis’s Global Crypto Adoption Index. It didn’t appear in subsequent editions. Measuring the true size of the crypto economy is difficult because most activity occurs off centralized exchanges and barely shows up in public statistics. Chainalysis notes that in countries with currency controls, unstable banking and high demand for dollar liquidity, digital assets are most compelling as infrastructure for cross-border transfers rather than as an investment vehicle. USDT is the dominant asset in Cuba’s crypto economy. The tilt toward stablecoins stems from high inflation — the official annual rate was 14.73% in April, though the real figure may be much higher. Source: National Office of Statistics and Information of the Republic of Cuba. According to Chainalysis and Artemis, small “stablecoin” transfers are the main driver of crypto use in countries with weak financial infrastructure. A similar pattern is seen in Iran, Venezuela, Lebanon and African countries. In 2025, global USDT payments under $1,000 reached $156 billion — mainly remittances, P2P and day-to-day transactions. $156B of USDT payment transfers under $1,000 in 2025 🤯 pic.twitter.com/tVBleoKwd1— Paolo Ardoino 🤖 (@paoloardoino) December 12, 2025 Business Shift In March 2026, Cuba’s central bank issued the first licenses for companies to use crypto in international settlements. Nine small and medium-sized firms and one joint venture operating in technology, transport and gastronomy received approvals. Licenses are valid for a year with renewal options. All transactions must go through official virtual asset providers. Domestic operations and speculative trading are strictly prohibited under this initiative. Each company must disclose transaction volumes, the digital assets used and the chain of intermediaries. The regulator reserves the right to revoke licenses for violations. As for domestic payments, most remain in a gray zone. In theory, businesses must obtain a central bank license to conduct commercial crypto transactions, but in practice many merchants operate without one. The state largely looks the other way, especially at small volumes. According to BTC Map, 54 locations in the country are marked as accepting crypto at the time of writing, many clustered in Havana and focused on tourism. The listed payment options reflect a stated possibility and don’t guarantee an actual method of settlement. Better Sun Than ASICs There’s effectively no large-scale mining infrastructure on the island: unstable power, voltage spikes and patchy internet make operating ASIC farms highly risky and uneconomic. After the March blackouts, crypto circles debated whether bitcoin mining could, in theory, help balance local grids built on renewables. Forbes highlighted models where miners absorb excess solar generation during low demand and shut down during grid stress. At the same time, Cuba is expanding solar power, in large part with Chinese support, to cut reliance on imported fuel and aging centralized networks. For now, though, the focus is on stabilizing basic electricity supply rather than building a full-fledged crypto mining industry. Crypto Inside the Crisis What’s emerging in Cuba isn’t a full-fledged crypto economy. It’s more a postbank economy, where messengers partially take over financial functions and blackouts act as a systemic cap on transactional activity. In these conditions, cryptocurrencies don’t transform the country’s economic model so much as slot into existing constraints, offsetting the lack of access to international financial infrastructure. Limited state initiatives and structural problems prevent a shift to a sustainable alternative.

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forklog.media Blockchain Association Urges US Senate to Approve CLARITY Act

The Blockchain Association sent an open letter to US Senate leaders John Thune and Chuck Schumer, urging the swift passage of the CLARITY Act. Among the 160 signatories are former law enforcement officials, as well as national security and intelligence personnel. The authors emphasized that the lack of clear federal regulations is pushing the crypto industry to offshore jurisdictions. This removes transactions from the oversight of US regulators and complicates the work of investigators. The CLARITY Act includes: extending the requirements of the Bank Secrecy Act and sanctions compliance to brokers, dealers, and digital asset exchanges; launching a Treasury pilot program for data sharing between the Department of Justice, FBI, DEA, and the private sector; establishing a permanent interagency group to combat virtual asset crimes; setting strict standards for crypto ATMs, including reporting, transaction limits, and monitoring. Some provisions will also affect not fully decentralized trading protocols: they will be subject to AML obligations, suspicious activity reports, and comprehensive independent audits. Sanctions requirements for DLT messaging systems are also specified. Blockchain Association head Summer Mersinger stressed that the initiative is not a deregulation measure. On the contrary, it expands tools to combat money laundering and terrorism financing. As part of the campaign to promote the CLARITY Act, association representatives will hold a series of meetings in 18 senators' offices. A public discussion is scheduled for June 4, featuring Senator Cynthia Lummis, Congressman Tom Emmer, and White House representative Patrick Witt. On May 14, the US Senate Banking Committee approved a cryptocurrency bill by a vote of 15 to 9.

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forklog.media HIVE Miner Reduces Bitcoin Reserves to 150 BTC

Canadian mining company HIVE Digital Technologies reported its financial results for the 2026 fiscal year, which ended on March 31. Annual revenue surged by 158%, reaching $297.8 million. According to the report, revenues from digital asset mining increased by 164% to $278.3 million. This was driven by a fourfold increase in operational hashrate and a high average Bitcoin price ($98,040 compared to $75,881 the previous year). During the reporting period, the company mined 2885 BTC, marking a 104% increase from the previous year's figure of 1414 BTC. Meanwhile, the average network difficulty rose by 42% from 95.7 T to 135.8 T. Revenue from the high-performance computing (HPC) division reached a record $19.5 million, up 94%. The growth was driven by the launch of a cluster based on NVIDIA H200 chips. Despite the growth in operational metrics, HIVE's net loss under GAAP amounted to $148.4 million. The company explained that this figure was due to non-cash items: equipment depreciation of $170.4 million and investment valuation adjustments. Notably, in the fourth quarter of the fiscal year, the miner significantly reduced its Bitcoin reserves. As of March 31, 2026, HIVE held 150 BTC valued at approximately $10.8 million. For comparison, as of December 31, 2025, the company held 481 BTC. Quarterly mining revenue fell to $67.2 million (down 23.9% from the previous quarter) amid a Bitcoin price correction and increased network difficulty. By the end of 2028, HIVE aims to increase annual revenue in the HPC segment to $660 million. A key project in this direction will be the construction of a 320 MW AI data center in Toronto. In March 2026, HIVE launched its first GPU cluster for artificial intelligence in Paraguay.

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blockonomi.com Standard Chartered Analyst Forecasts Ethereum (ETH) Surge Following Strategy’s Bitcoin (BTC) Sell-Off

Standard Chartered predicts Ethereum will outperform Bitcoin after Strategy's BTC sale, setting a $4,000 ETH target with potential 41% gains ahead. The post Standard Chartered Analyst Forecasts Ethereum (ETH) Surge Following Strategy’s Bitcoin (BTC) Sell-Off appeared first on Blockonomi.

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