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Bitcoin is in a bear market. That much is not in dispute.  What Jim Ferraioli, Director of Digital Currencies Research and Strategy at Charles Schwab, argued Wednesday on Bloomberg is more precise and more structural: this selloff has a measurable cost floor, and that floor is built not from sentiment or chart patterns, but from the physics of energy consumption. The numbers frame the drawdown in context. Bitcoin peaked at $126,000 in the fall before collapsing to roughly $60,000 in February — a 50% correction that, while brutal for recent buyers, falls far short of the 75%-plus implosions that defined…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In an interview with Politico, Coinbase CEO Brian Armstrong pushed back on JPMorgan Chase chief Jamie Dimon’s criticism of the CLARITY Act. At the same time, the bank’s analysts said that the odds of the bill clearing Congress and reaching President Trump’s desk this year are becoming increasingly slim. CLARITY Act Would Be ‘Good For The Banks’ Armstrong told Politico that it was “kind of sad” to hear Dimon call him “full of shit.” He said he has “a lot of respect for Jamie Dimon,” adding that…

In brief Google DeepMind CEO Demis Hassabis said artificial general intelligence could arrive around 2030, “plus or minus a year.” Hassabis warned society has limited time to prepare for AGI’s economic and social consequences. His comments come as the AI industry remains divided over how close AGI actually is. Google DeepMind CEO Demis Hassabis believes artificial general intelligence is no longer a distant scientific goal but one that will emerge in the very near future.Speaking at a Stanford Graduate School of Business event last week, the AI pioneer said he expects AGI, the point at which AI is capable of…

In brief Bernstein initiated coverage on TeraWulf (WULF) and Cipher Digital (CIFR) with “Outperform” ratings. Bitcoin miners have signed 17 deals worth over $110 billion in the past two years, contracting 6 GW of power to AI hyperscalers. Bernstein projects AI revenue across its coverage to grow ninefold, from $1.2 billion in 2026 to $10.7 billion by 2030. Wall Street analysts are betting that Bitcoin miners are quietly becoming indispensable to the artificial intelligence industry as “power landlords,” according to a research note published Wednesday by Bernstein, the investment firm owned by Société Générale.The report, which initiates coverage on two…

Bitcoin fell to as low as $61,400 overnight before trimming losses to $62,400 in premarket hours Thursday, down 7% over the past 24 hours and more than 14% over the past week. Strategy and Michael Saylor’s MSTR is down nearly 15% in 5 trading days. The drop has pushed bitcoin into a technical bear market, with bitcoin now off 22.7% from its four-week high, wiping out more than $600 billion in total crypto market value. At the center of the debate is Strategy Executive Chairman Michael Saylor, who took to X on Thursday morning to offer his read on the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure BitMine Immersion Technologies is moving deeper into the public-market crypto treasury trade, filing for a preferred stock offering that could help fund additional Ethereum purchases and validator infrastructure. The structure puts the company closer to the capital-markets model popularized by Michael Saylor’s Strategy, but with ETH rather than Bitcoin as the core reserve asset. The Norwalk, Connecticut-based company said it intends to offer 3,000,000 shares of 9.50% Series A Perpetual Preferred Stock in a public offering registered under the Securities Act. The preferred shares carry a stated…

Better Home & Finance Holding Company (NASDAQ: BETR) and Coinbase (NASDAQ: COIN) on Thursday announced the funding of the first Fannie Mae-backed mortgage collateralized by Bitcoin in the United States, marking what the companies called a pivotal moment in bridging digital asset wealth and traditional homeownership. The debut loan was closed by Joe and Amy, a married couple in their early 30s from Ann Arbor, Michigan, who used Bitcoin holdings as collateral to fund their down payment rather than liquidating their position, the companies said. The couple pledged their crypto through Coinbase’s custody infrastructure and obtained a conforming mortgage through…

Veteran trader Peter Brandt believes that Bitcoin (BTC) will soon revisit the $50,000 range. Brandt tells his 1 million followers on X that Bitcoin is forming an expanding triangle pattern on the daily chart and may decline more than 14% from its current value. In technical analysis, an expanding triangle pattern, which is also known as the megaphone, is bullish when the pattern breaks out above the upper boundary and bearish when the pattern breaks down below the lower boundary. Says Brandt, “This is called an expanding triangle. Expanding triangles are very common in Bitcoin. They are also typically reliable.…

In brief Bitcoin fell 17% from just under $74,000 Monday to an intraday low of $61,556 Thursday, triggering $4.47 billion in total crypto liquidations over the period. Data from derivatives and options markets show weak demand and increased downside protection bets. Analysts see potential for another leg lower into the $50,000s, with a bottom possible in three to six months. Bitcoin continued to slide lower on Thursday, exacerbating losses across the entire crypto market with no clear signs of a bottom.The leading crypto has dropped roughly 17% over four days, from nearly $74,000 on Monday to Thursday’s intraday low of…

In brief BitMine is seeking to raise up to $300 million for its ETH treasury strategy. The shares would carry a $100 stated amount and 9.50% annual dividend. Staking yield may help fund payouts, though ETH price and timing risks remain, analysts say. Ethereum treasury firm BitMine is seeking to raise up to $300 million through the sale of 3 million preferred shares to support ETH purchases, staking, validator infrastructure, and related investments.If BitMine’s board approves the payments, the Series A preferred shares would have a $100 stated amount and pay a 9.50% annual cash dividend in weekly installments, according…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The House of Lords, the upper chamber of the UK parliament, has urged financial regulators to reconsider some of their controversial stablecoin proposals, warning that the country risks falling behind global leaders if regulation is not done right. House Of Lords Outlines Concerns Over Stablecoin Rules On Wednesday, the House of Lords’ Financial Services Regulation Committee published a report on the regulation of stablecoins, urging the Bank of England (BoE) to review some areas of its proposed rules “where the desired balance between supporting innovation and risk…

In brief Perplexity announced “hybrid agentic inference” at Computex 2026, a system that automatically splits AI workloads between a user’s local device and cloud-based frontier models—no manual configuration required. The feature is coming to Perplexity Computer in July, demoed on Intel Core Ultra Series 3 processors and currently exclusive to the Windows PC app. CEO Aravind Srinivas framed the move around cost efficiency: Perplexity’s revenue grew fivefold to $500 million while headcount rose just 34%, and offloading inference to user hardware keeps that ratio working. Perplexity CEO Aravind Srinivas took the stage at Computex 2026 in Taipei on June 2…