DeFi News Today Official TheBitTimes.com

Bitmain, Canaan, and MicroBT account for more than 90% of the global Bitcoin (BTC) mining rigs. All three companies are of Chinese origin. According to reports, Bitmain, Canaan, and MicroBT are setting up their manufacturing units in the US in an attempt to evade President Trump’s tariffs. Bitcoin Mining Manufacturers Bend To Tariff Scare Source: IEEE Spectrum Moving production to the US could be a desperate attempt to escape the ongoing tariff war. According to Guang Yang, chief technology officer at Conflux Network, “ The US-China trade war is triggering structural, not superficial, changes in bitcoin’s supply chains. “ Bitmain is the largest of the three BTC mining rig manufacturers. The company began its production pivot to the US in December 2024. The move came soon after President Trump’s election victory. Canaan began trial BTC mining rig production in the US after Trump’s tariff spree in April. According to senior executive Leo Wang, the move ...

The currency dynamics have started to diversify as the world now inches closer to a multipolar currency world. The current world is now largely dictated by a group of currencies emerging at the top of the radar, all while challenging the US dollar hegemony by striking at its core. With versatile trade mechanisms emerging, multiple countries are now trading in dollars, giving power to the rising USD competitors. Shockingly, US sanctions on Russia were supposed to weaken its global positioning, but the move has reportedly backfired. Russia’s ruble is now one of the top-performing assets of 2025, despite being embroiled and caught up in an intense war with the US. How did the ruble emerge stronger than most of its peers? Let’s find out. Also Read: New Currency Steals the US Dollar’s ‘Crown’ in 2025 Bank of America Crowns Ruble as the Ultimate 2025 Currency Winner Source: Reuters / Dado Ruvic / Bank of America, in its recent report, has crowned the Russian ruble as the best-performing...

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Sharplink Gaming, one of the largest ether (ETH) treasury companies, had a meltdown in after-hours trading yesterday as its shares crashed from $33 at NASDAQ’s closing bell to below $11 by 8pm. Two weeks ago, Sharplink shares (SBET) were worth $124, meaning they’ve shed 91% of their value since this all-time high. Panicked over a seemingly surprise announcement of shareholder dilution, a viral tweet from The Block’s Steven Zheng claimed, “Basically every participant in SBET’s private placement filed to dump all their shares less than a month after they announced the ETH Treasury Strategy move.” Concerningly, trading volume for Sharplink exploded over 10X higher than its average, and its single-day loss on a percentage basis exceeded any prior trading day . Sharplink Gaming “FUD” A lawyer at ConsenSys, Joe Lubin’s pro-Ethereum conglomerate, sprang into action to explain the situation, claiming that the news was not nearly as bad as it seemed. In his...

Shiba Inu all time high predictions have catalyzed significant momentum right now as community strategist YourPOP declares that SHIB’s next peak “is programmed.” The crypto is trading at $0.00001323 with a 2.14% daily increase, and it remains 85% below its October 2021 record across various major market segments. Shiba Inu’s token burn mechanism through Shibarium has spearheaded the elimination of over 56 billion tokens, creating deflationary pressure that supports the programmed all time high narrative through several key strategic initiatives. Current Shiba Inu price prediction models suggest this systematic approach could accelerate SHIB to new heights as adoption maximizes across multiple essential ecosystem components. Also Read: Key Shiba Inu Indicator Hits ATH With 1.5M Wallets Growing Shiba Inu Token Burns Fuel Speculation Of Programmed ATH Source: Watcher.Guru Community Strategist Declares New Peak Inevitable YourPOP’s recent social media post has...

Police in France have reportedly made further arrests connected to a high-profile kidnapping that saw the father of a crypto millionaire abducted and mutilated.  According to France 24, several arrests were made yesterday in connection with the May 1 abduction that saw a gang of masked men in a van snatch the unnamed entrepreneur’s father before keeping him hostage for more than two days.   The perpetrators demanded a ransom of up to $8 million from the crypto entrepreneur and cut off one of his father’s fingers in an effort to speed up the deal. The victim was kept in a house outside of Paris until he was eventually freed in a police raid days later.  Ledger exec’s alleged kidnap mastermind arrested in Morocco Read more: French government gives crypto entrepreneurs priority police line It’s unclear how many new suspects were arrested, but as of last month, six suspects had been charged. The case bears a striking resemblance to the kidnapping of Ledger...

A mystery whale has deployed nearly $30 million over three days to build a massive leveraged Bitcoin (BTC) position, according to data from Lookonchain . The trader, identified by wallet address “0x1f25…”, created a new wallet and initially deposited 10M USDC to Hyperliquid, opening a 20x leveraged long position on Bitcoin. They then added another 2.35M USDC yesterday, followed by another 10M USDC today. At press time, the position stood at 3,877 BTC ($424.7M) with an entry price of $108,622 and a liquidation price of $103,100. The trader is currently showing unrealized gains of $3.59M. “0x1f25…” wallet. Source: Hypurrscan.io Bitcoin bulls target $150,000 after breaking key resistance The whale’s aggressive positioning comes as Bitcoin surged past the $110,000 mark, with analysts suggesting the next potential target could be $150,000 if technical indicators continue to align. Prominent crypto analyst TradingShot observed that Bitcoin’s current r...

Drifters, an upcoming non-fungible token gaming project on the Solana blockchain network, has partnered with Magic Eden as its official launchpad and non-fungible token marketplace. Under this latest collaboration, Drifters is slated to launch its first non-fungible token collection today, June 10, 2025. This highly anticipated NFT collection from Drifters will feature a limited supply of 333 NFTs hosted on the Solana blockchain network. The signal is getting stronger, Drifters: Future Gadgets arrive on June 10th. Mint details:https://t.co/rJjUzilyRq FREE (Gas Fee Only) ☕️ Supply: 333 (Limited) WL – 4 PM UTC ⏰ Public – 5 PM UTC ⏰ If you've filled in our 333 Drifters form, your place is guaranteed in… pic.twitter.com/iZ4xsSv8Q4 — DRIFTERS (@driftersEXE) June 9, 2025 Drifters And Magic Eden NFT Integration In a June 10 blog post, Drifters’ team confirmed that they have partnered with Magic Eden as their official launchpad a...

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Diamonds have remained difficult to trade, mainly due to liquidity issues that hamper easy buying and selling. For years, the process of trading diamonds has been complicated by a series of barriers that have kept the market largely inaccessible to everyday investors. Thesaurum, a forward-thinking company, is working to solve these problems and open up the diamond market to everyone. The Challenge of Diamond Liquidity Liquidity, in simple terms, refers to how easily an asset can be bought or sold without significantly affecting its price. Stocks, for instance, can be traded in seconds, but diamonds are a different story. The process of buying and selling a diamond can take weeks, or even months, depending on the size, quality, and market conditions. This delay is caused by a number of factors, but one of the most significant is the need for specialized knowledge and the absence of a centralized marketplace for diamond transactions. First, diamonds are not traded in the same way...

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