90. This is how you take Bitcoin mainstream

Can bitcoin go mainstream through streaming?

Crypto Corner

Scammers deploy sophisticated deepfake AI to steal $2 million in crypto assets from an OKX user, highlighting growing concerns over security breaches in the cryptocurrency space.

Kaspa (KAS) surges 20%, edging closer to its all-time high as investor interest in the proof-of-work cryptocurrency remains strong.

Hong Kong authorities have intensified efforts to combat cryptocurrency scams involving counterfeit currency, as they observe a rise in fake banknotes being circulated through illicit crypto activities.

OKX, a major centralized exchange (CEX), has rebranded and unveiled its crypto exchange along with a web3 wallet in the Netherlands, expanding its services in the European market.

The Solana-based memecoin GameStop (GME) has skyrocketed by over 300% in just a few hours following a social media post by the legendary trader "Roaring Kitty," reigniting excitement in the memecoin market.

NFT Spotlight

NFT of the week: XCOPY

NodeMonkes leads NFT sales with over US$1 million in a day, topping the market and outperforming other collections.

Galaxy Digital uses a historic violin NFT, once owned by Russian Empress Catherine the Great, to secure a loan.

Dapper Labs settles NBA Top Shot NFT lawsuit for $4 million. The lawsuit, filed in 2021, pushed Dapper Labs to decentralize its NFT ecosystem.

Bitcoin blockchain has recorded $3.82 billion in NFT sales, making it the fourth-largest platform by sales volume.

The non-fungible token (NFT) market saw a downturn last week, with total sales dropping by 7.5% to $121.4 million by June 1st.

Bitcoin Buzz

Thailand's Securities and Exchange Commission greenlights the first spot Bitcoin ETF, catering exclusively to ultra high net-worth individuals.

Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have begun their fourth consecutive week with positive inflows, signaling sustained investor interest despite BTC's consolidation.

Chart veteran Peter Brandt suggests that based on past bull markets, Bitcoin could reach over $150,000 by the third quarter of 2025, potentially setting a new all-time high for the current bull cycle.

Bitcoin Miners’ Marvels

Bitfarms, a major Bitcoin mining firm, reported a 42% drop in revenue for May, attributing the decline to the recent Bitcoin halving and “unusually cold temperatures” at its Rio Cuarto facility in Argentina, which hampered Bitcoin production.

Bitcoin's network hashrate has recently dipped below 600 exahashes per second (EH/s).

Bitmain has launched the Antminer L9, featuring 16 GH/s capacity for mining Scrypt-based coins like Litecoin and Dogecoin. This model enhances performance and energy efficiency, promising improved profitability for miners.

Bitcoin miners experienced a 46.15% revenue drop in May, hitting the lowest levels since October 2023.

The Oklahoma Senate passed a bill granting tax exemptions to Bitcoin and crypto miners, aiming to boost the local blockchain industry. The bill passed with a vote of 29 to 15.

Crypto mining firm Core Scientific has inked a 12-year agreement with cloud provider CoreWeave, ensuring the delivery of 200 megawatts of power to support machine learning operations, indicating a significant step towards sustainable computing infrastructure.

Quote Of The Week:

“The future belongs to those who believe in the beauty of their dreams” -Eleanor Roosevelt

Thanks for reading crew. Have a great week!