Bitcoin mining firm Hut 8 said it will receive $150 million through convertible notes from Coatue Management, with plans to use the funding to build an artificial intelligence infrastructure platform.

The investment will be used to address a critical gap in the market: the surging demand for AI computing capacity. Many traditional data centre operators are increasingly unable to meet this demand due to a variety of challenges, including power shortages.

There are also lengthy lead times to bring new capacity online, and the need for extensive upgrades to support the latest high-density computing technologies.

Read more

Read more

Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,500 support and might continue to move down.


■ Bitcoin started a fresh decline from the $64,550 resistance level.

■ The price is trading below $63,500 and the 100 hourly Simple moving average.

■ There is a connecting bearish trend line forming with resistance at $63,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).

■ The pair could extend losses if there is a clear move below the $62,700 and $62,500 support levels.

Read more

Read more

Santiment's Bitcoin social sentiment indicator has been flashing red as the price of Bitcoin has been hovering around the $65,000 mark.


Bitcoin (BTC) $64,530 has been facing an “extended level of FUD” on social media platform X amid sideways trading at the $65,000 mark, according to data from cryptocurrency intelligence platform Santiment.


“This extended level of FUD is rare, as traders continue to capitulate,” Santiment wrote in a June 20 X post. FUD stands for fear, uncertainty and doubt.

“The crowd is mainly fearful or disinterested toward Bitcoin as prices range between $65K to $66K,” it added.

Read more

The percentages on deposits as of June 20

Read more