Jon Rice, an experienced crypto media professional with leadership roles at multiple specialist publications, has resumed his position as editor-in-chief at Cointelegraph. His return marks a strategic move to implement a fresh editorial vision and enhance the publication’s journalistic standards. Rice brings substantial industry credibility, having co-founded Crypto Briefing, launched Cointelegraph Magazine, and served as editor-in-chief at Blockworks. His reappointment signals Cointelegraph’s commitment to maintaining its position as a leading voice in cryptocurrency journalism through experienced leadership and renewed editorial focus.
about Jon Rice Returns as Cointelegraph Editor-in-ChiefCrypto Briefing
0 in Finance and 0 in Crypto last weekBitcoin Mining Difficulty Dips as Hashrate Hits Record High
Despite a minor 0.45% drop in Bitcoin mining difficulty on June 14, the network’s hashrate reached an all-time high of 943 EH/s, showcasing the sector’s resilience. The adjustment reflects aggressive scaling by major miners, squeezing out smaller operators. The U.S. leads global hashrate distribution at 36%, followed by Russia (15%) and China (13.7%). Forward-looking models predict an upward difficulty retarget, signaling continued pressure on miners. Hashprice has declined ~5% month-over-month, indicating margin compression. The hashrate briefly retreated to 926 EH/s post-adjustment, likely due to smaller miners struggling to compete.
about Bitcoin Mining Difficulty Dips as Hashrate Hits Record HighBybit Launches Solana-Based DEX Byreal in CeDeFi Push
Bybit, a leading crypto derivatives exchange, has launched Byreal, a decentralized exchange (DEX) built on Solana, signaling a major shift toward hybrid finance (CeDeFi). Byreal combines centralized exchange (CEX) liquidity with DeFi transparency, featuring RFQ and CLMM routing to reduce slippage and MEV risks. The platform also introduces a ‘Reset Launch’ mechanism for fair token distribution and a Revive Vault yield product. Byreal enters testnet by June 30, with a mainnet launch planned for Q3 2025. This move comes as DEX volumes surge, with Solana’s robust performance making it an ideal base layer. Bybit’s pivot follows a $1.4 billion hack earlier this year, positioning Byreal as a trust-building initiative. However, regulatory scrutiny and unconfirmed audit details remain key challenges.
about Bybit Launches Solana-Based DEX Byreal in CeDeFi PushEthereum Short Positions Hit Record High Amid Deteriorating Investor Sentiment
Investor sentiment towards Ethereum (ETH) has sharply declined, with short positions in the futures market hitting an all-time high of 11,341 contracts, a 500% increase since November. The Kobeissi Letter noted that Ethereum’s price has fallen 45% from its peak in November 2021, and recent volatility could persist following a 37% drop in just 60 hours due to market conditions.
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