Coindesk

Mining difficulty on the Bitcoin BTC blockchain is on course to drop by the most since July 2021 after the amount of mining power securing the network slid about 30% in two weeks.According to data from Mempool.space, a downward difficulty adjustment of around 9% is projected within the next five days. That would be the most since the China mining ban four years ago, when the hashrate, the total computational power used to mine blocks, plummeted 50% to 58 exahashes per second (EH/s) and bitcoin was trading near $30,000. The difficulty adjusts every 2,016 blocks to ensure that blocks continue to be mined at roughly 10-minute intervals. After the recent decline, the hashrate is now just under 700 EH/s, according...

The Federal Housing Finance Agency (FHFA) will study whether crypto holdings should count when Americans apply for a mortgage, Director Bill Pulte said on X.The review, will look at how assets, such as bitcoin BTC might fold into the income-and-wealth checks at Fannie Mae, Freddie Mac, and the 11 regional Federal Home Loan Banks, used to backstop most U.S. mortgages.Pulte's comment come as the U.S. becomes increasingly crypto friendly under President Donald Trump's rule. Pulte, was sworn in on March 14 after being nominated by Trump. Public filings show he owns as much as $1 million in both bitcoin and solana's SOL SOL, alongside stakes in crypto firm MARA Holdings, air conditioning firms, MrBeast Industries, and Elon Musk’s X among...

Metaplanet's (3350) board of directors has approved a capital injection of up to $5 billion for its U.S. subsidiary, Metaplanet Treasury Corp, in a bid to speed up its bitcoin BTC acquisition strategy.The Japanese hotel company set up its Florida-based subsidiary on May 1, aimed at expanding its global bitcoin treasury operations. The contribution is expected to significantly accelerate the implementation of its “555 million plan,” disclosed earlier on June 6, the company said in a statement. Metaplanet’s strategic objective is to accumulate up to 210,000 BTC by the end of 2027, leveraging the deep capital markets and advanced institutional infrastructure in the U.S. to optimize acquisition and management processes. This U.S. expansion aligns with the company’s broader vision to...

Multiple analysts have repeatedly pointed to $120,000 as bitcoin's BTC price target this year. Recent developments have strengthened that bullish case, driven by four key factors: the spot price, central bank policy, energy market trend, and technical setup.Let's take a look at those in detail.BTC's love affair with $100KRecently, a crypto trader said that the best marketing for any asset is its price, highlighting an idea which is similar to legendary trader George Soros' theory of reflexivity. Soros explained that market perceptions and prices create a feedback loop – higher prices attract more buyers, which in turn drive prices higher, often far beyond what fundamentals suggest.In this context, bitcoin's resilience, marked by prices holding largely above $100,000 through the Iran-Israel...

Dogecoin surged 6.56% over the past 24 hours, bouncing from a two-month low of $0.1508 to a session high of $0.1632, as traders stepped in aggressively following a technical breakout. The move came amid heightened geopolitical tensions between the U.S. and Iran, which triggered broad volatility across crypto markets but failed to derail DOGE’s momentum.The meme coin broke through a long-standing descending trendline, confirming a shift in short-term market structure. Hourly RSI readings recovered from oversold territory, while netflows turned neutral, suggesting that sell-side exhaustion may have run its course.News BackgroundGlobal markets have been rattled by renewed military activity in the Middle East, with U.S. airstrikes in Iran over the weekend raising risk-off sentiment. Despite the wider crypto selloff, Dogecoin...