Bitcoin mining difficulty just had its 11th-biggest drop ever

Bitcoin mining difficulty fell 10.09% after lower prices pushed weaker miners offline and slowed block production. Summary Bitcoin’s 10.09% difficulty drop gave active miners more output after weaker operators paused machines offline. Galaxy Research tied the adjustment to June’s Bitcoin price slide and a longer mining epoch. Crypto.news reports show miners are redirecting power toward…

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The End of SWIFT’s Monopoly? China Tees up Commercial Launch of Rival Digital Network

Key Takeaways China prepares a commercial Mbridge rollout to challenge SWIFT, after processing 470B yuan in volume. Sheikh Mansour sent 50M digital dirhams via Mbridge in 2024, showing the readiness of the system. Wang Jian stated Mbridge will next boost the renminbi’s global voice, easing liquidity strain risks. China Plans Mbridge Rollout To Push Digital…

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Ethereum researcher says $0.07 can add post-quantum account protection

Ethereum Foundation privacy project Kohaku lead Nico said Ethereum accounts can start preparing for post-quantum risks without waiting for a hard fork.  Summary Nico says Ethereum accounts can start quantum protection now without waiting for protocol changes. SPHINCS- aims to verify post-quantum signatures on Ethereum at practical on-chain costs for wallets. Ethereum’s roadmap already names…

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Bybit Highlights Factors That Pulled BTC Below $60K

The market produced its most oversold signal for this cycle, as investors panic-sold with no regard for price. Analysts at the crypto exchange Bybit have highlighted factors that contributed to bitcoin (BTC) recording its worst single-week percentage decline since the FTX collapse in November 2022. According to the report, the decline was not triggered…

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Sui Blockchain Registers $65 Billion in Stablecoin Volume Following Major Fee Removal Protocol

Key Takeaways Mysten Labs cut Sui fees, driving $65B volumes since June 10 after making stablecoins transactions free. Certik noted Sui hit $2.27T in volume since early 2024, focusing on B2B markets and retail use. Adeniyi Abiodun states Sui aims to increase market adoption as devnet tests private transactions. Sui Attracts Attention With Gasless Stablecoin…

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