Bitcoin Analysts Express Optimism as Price Nears Resistance Level That Stymied It in May

The Bitcoin mining hashrate, a leading indicator for bitcoin rallies, has improved, one observer said, explaining the bullish outlook.

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BTC Outperforms Broader Crypto Market, Ether Price Drop Mirrors Bitcoin ETF Launch

AAVE is surging following a token buyback proposal.

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U.S. Presidential Candidate RFK Jr. Says He's 'Fully Committed' to Bitcoin

The presidential candidate said he has most of his wealth in the digital asset.

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MicroBT Unveils New WhatsMiner M6XS+ Series at Bitcoin 2024 Conference

MicroBT, a leading innovator in the Bitcoin mining industry, unveiled its latest WhatsMiner M6XS+ series during the Bitcoin 2024 conference in Nashville, TN. The new series, featuring air-cooling, hydro-cooling, and immersion-cooling models, represents a leap forward in renewable mining technology.

Dr. Zuoxing Yang, founder and CEO of MicroBT, highlighted these advancements in his keynote address, emphasizing the company's commitment to sustainable and efficient mining practices. Renewable mining, according to Dr. Yang, is the future of the industry, with solar mining poised to be at the forefront. He predicted that by 2026, the electricity cost for solar power mining could drop to approximately 4 cents USD per kWh, saying it would eliminate the primary impediment to the solar power mining industry.

MicroBT's solar mining technology has seen substantial advancements, including the successful pilot of a 100 kW project. Dr. Yang announced the forthcoming launch of the WhatsMiner solar mining container system and called on industry partners to join in advancing solar-powered mining excellence.

One of the new features of the WhatsMiner hydro-cooling miner is its high outlet water temperature, now capable of reaching up to 80℃ (176℉). This allows for versatile heat utilization, such as agricultural heating, regional heating, and power grid balancing. MicroBT’s hydro-cooling technology aims to offer a reduced cooling source solution for mining but also enhance its competitiveness in the renewable mining sector.

Dr. Yang also introduced the latest models in the WhatsMiner lineup:

• WhatsMiner M60S+ (air-cooling): Hashrate of up to 210 TH/s with a power efficiency of 17 J/T.'

• WhatsMiner M63S+ (hydro-cooling): Hashrate of up to 450 TH/s with a power efficiency of 17 J/T and outlet water temperature reaching 70℃ (158℉).

• WhatsMiner M64 (hydro-cooling): Hashrate of up to 206 TH/s with a power efficiency of 19.9 J/T and outlet water temperature reaching 80℃ (176℉).
• WhatsMiner M66S+ (immersion-cooling): Hashrate of up to 318 TH/s with a power efficiency of 17 J/T.

Dr. Yang then promised additional products and solutions set to launch in the spring of 2025.

Following Dr. Yang’s keynote, Wright Wang, Sales & Marketing Director of MicroBT, joined a panel discussion with Ghazaleh Barman from Riot Platforms and Niek Beudeker from Peak Mining (part of Northern Data Group). The panel focused on collaboration from manufacturing to mining, with Wang noting that Riot hosts the world’s largest immersion-cooling deployment and Northern Data is set for a large-scale hydro-cooling deployment. In which these operations are predominantly powered by WhatsMiner products.

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Bitcoin Plunges to $64K as U.S. Tech Rout Hits Crypto, Leads to $250M Long Bets Being Liquidated

BTC nosedived from over $65,500 to $64,100 within minutes in the early hours of Thursday as Asian markets suffered.

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Ether Down Over 7.5% as ETHE Outflows Ramp Up

Most Ether ETFs were in the green during the Wednesday U.S. trading session, but Grayscale's converted Ethereum Trust ETF posted a net outflow of over $800 million.

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CME's Ether Futures Record Highest Ever Open Interest of 383K ETH After ETF Debut

The approval and subsequent trading of spot ether ETFs in the U.S. has reinvigorated the market, CME's Giovanni Vicioso said.

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