News & Research

Bitcoin mining profitability rose 18.2% in May, driven by a 20% increase in BTC price and a slight rise in network hashrate, according to investment bank Jefferies cited by CoinDesk. U.S.-listed miners produced 3,754 BTC, with Marathon leading at 950 BTC. Despite strong output, Jefferies lowered its price target for MARA to $16.

Israeli Prime Minister Benjamin Netanyahu informed U.S. President Donald Trump that he could not call off the planned attack, stating that a response was necessary due to Iran’s violation of the ceasefire, according to an Axios reporter cited by Walter Bloomberg on X.

U.S. President Donald Trump urged Israel on Truth Social to halt any planned bombings, calling such action a major violation and demanding the immediate return of its pilots.

Nano Labs, a Nasdaq-listed Web 3.0 infrastructure provider, will issue $500 million in convertible notes to fund its strategy of acquiring BNB, according to GlobeNewswire press release. The company aims to purchase $1 billion in BNB and secure 5-10% of its total circulating supply over the long term.

Japan’s Financial Services Agency has proposed regulating crypto assets under the Financial Instruments and Exchange Act. Set for review on June 25, the plan could enable Bitcoin ETFs and apply a flat 20% tax on crypto profits, replacing the current progressive tax system that reaches up to 55%, according to Wu Blockchain on X.

Swing trader AguilaTrades closed a 20x Bitcoin (BTC) long position with a $1.35 million profit and reopened a new 20x long position around 40 minutes ago worth $87.35 million at $105,146, with a liquidation price of $100,312, according to data from HyperDash.

Ledger, a crypto hardware wallet manufacturer, has launched Ledger Recovery Key, an offline tool that lets users of Ledger Flex or Stax wallets recover private keys by tapping a smart card and entering a PIN—without cloud storage or identity verification, according to Cointelegraph. Unlike the earlier Ledger Recover, this NFC-based device stays offline and open-sourced for transparency.

Digital Asset, the developer of the privacy-focused Canton Network, has raised $135 million in a strategic funding round led by DRW Venture Capital and Tradeweb Markets, according to CoinDesk. The round also saw participation from major institutions including BNP Paribas, Circle Ventures, Citadel Securities, DTCC, Virtu Financial and Paxos. The newly raised capital will support the expansion of Canton’s real-world asset (RWA) capabilities, which already encompass bonds, money market funds, repurchase agreements (repos), mortgages and insurance products. Last year, Bloomberg reported that Digital Asset completed a U.S. Treasury tokenization pilot project in collaboration with Goldman Sachs, BNY Mellon and other financial giants.

Metaplanet, a publicly listed Japanese firm known for its Bitcoin (BTC) holdings, announced on X that it will allocate up to an additional $5 billion in capital to its U.S. subsidiary. The company stated that the U.S. offers "optimal conditions" for acquiring and managing BTC at scale.

The Islamic Republic News Agency (IRNA) stated that the ceasefire between Israel and Iran has officially entered the implementation stage, Jin10.com reported, citing Chinese media CCTV.