Coindesk

Bitcoin miner HIVE Digital Technologies (HIVE) has surpassed 10 exahash per second (EH/s) in hashrate capacity, a 58% increase from April, driven by the launch of a 100-megawatt hydro-powered site in Paraguay. The company said in a press release on Friday that it's on track to reach 25 EH/s by the end of 2025.The firm mined 139 bitcoin in May, or an average rate of 4.5 BTC per day. Peak capacity hit 10.4 EH/s while average hashrate for the month stood at 8.5 EH/s. HIVE said its fleet efficiency remained steady at around 20 joules per terahash (J/TH), and its network share now exceeds 1% of global Bitcoin mining power.The new facility in Paraguay reflects a broader trend in the...

Crypto prediction market Polymarket and Elon Musk-led artificial intelligence (AI) firm xAI — which owns X, the social media platform formerly known as Twitter — announced a partnership on Friday.Proud to announce Polymarket's partnership with X and xAI as their Official Prediction Market Partner," Shayne Coplan, the prediction platform's CEO, posted on X. "The two top truth seeking apps on the internet are stronger together," he added. "Welcome to News 2.0."The official X account confirmed the deal with a tweet of its own.At press time, no other details of the arrangement were shared.The announcement comes a day after Musk and U.S. President Donald Trump very publicly fell out over the national debt and the GOP's attempts to pass a new...

The cryptocurrency market is experiencing heightened volatility amid an escalating feud between President Donald Trump and his former head of the Department of Government Efficiency, Elon Musk, over the state of the U.S. economy.Cardano's ADA ADA has also seen extreme price swings amid market uncertainties. After dropping from $0.688 to $0.621, ADA found strong support and rebounded, forming an ascending channel with resistance at $0.644, according to CoinDesk Research's technical analysis model. The technical indicators suggest a potential renewed bullish momentum as the cryptocurrency reclaims the $0.640 level with decreasing volatility.At press time, ADA is trading at $0.66, down about 1.8% over the past 24 hours, while the broader market gauge CoinDesk 20 Index fell 1%.Some recent news within the...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3009.79, up 0.7% (+21.73) since 4 p.m. ET on Thursday.Thirteen of 20 assets are trading higher.Leaders: SUI (+4.3%) and SOL (+3.3%)Laggards: ETH (-2.0%) and BCH (-1.3%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

U.S. labor market growth continued to modestly slow in May, but not enough to force a rise in the unemployment rate.Nonfarm payrolls grew 139,000 last month, according to the a report Friday from the Bureau of Labor Statistics. Economist forecasts called for gains of 130,000 and April's job growth was 147,000 (revised from an originally reported 177,000).The unemployment rate for May was 4.2% against expectations for 4.2% and April's 4.2%.In the midst of a strong rebound following yesterday's sharp declines, the price of bitcoin BTC rose a small bit further following the news to just above $104,000.Always a closely-followed print, the May payrolls data was of particular import this time around as a string of economic reports this week pointed...