πŸš€ Is the endgame upon us?

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    πŸš€ Is the endgame upon us?

    How are you holding up, Geckos?

     

    Over the past 24 hours, the hashrate of Bitcoin (BTC) has fallen by 17%

     

    The Sichuan province in China recently ordered energy companies to stop providing power to mining farms in the area, resulting in the closure of 26 mining farms. 

     

    The falling hashrates have caused Bitcoin's price to drop by 5.71%, to approximately $34,000. However, the current price sits much lower at around $33,000.

     

    Historically, sharply decreasing hashrates have decimated the price of Bitcoin. In April, a 30% cut in hashrates due to power outages in Xinjiang contributed to a $10,000 decline.

     

    In today's news, options expiries are on the horizon, trade your crypto at the commissary and legendary rappers are brought back to life.

     

    Read on!

    24h Hot Searches Worldwide πŸ‘€

    • YIELD App                   (-7.4%)

    • Wootrade Network   (-13.7%)

    • SafeMoon                   (-3.1%)

    • Shiba Inu                    (-5.2%)

    • Polygon                       (-4.9%)

    • Polkadog                    (-42.2%)

    • APENFT                       (-18.2%)

    The Expiry Endgame


    On 25th June, $1.5 billion dollars worth of Ether (ETH) options will expire, or roughly 45% of the total open interest in ETH options.


    This represents the largest options expiry in the history of the derivative, although the open interest in ETH options has yet to surpass the $5.5 billion dollar all-time-high achieved in May.
     

    All eyes will be on the $1,920-dollar mark as the so-called 'max pain price', where the largest number of options will incur a loss at that particular strike price.


    Cointelegraph

    Crypto For Groceries?
     
    Texans can now use their crypto to buy groceries at H-E-B supermarkets!

     

    Crypto ATM firm Coin Cloud will be installing machines in 29 locations in Houston.

     

    These ATMs allow users to trade more than 30 different currencies including Bitcoin, Ether, Dogecoin (DOGE), Litecoin (LTC), and specific DeFi tokens.

     

    Cointelegraph

    Take a Trip Down Memory Lane

     

    Near Protocol (NEAR), in collaboration with the Universal Hip-Hop Museum (UHMM) and Source magazine co-founder Ed Young, will be launching a new collection of NFTs.

     

    The NFT.HipHop collection will feature rappers from the 70's to the current age, such as Eazy-E and Lil Wayne.

     

    The 47 types of 'Hip-Hop Head' NFTs will be available for auction daily until July 24th.

     

    CoinDesk

    Public Keys

     

    In public-key cryptography - one of the basis of cryptocurrency, digital keys are generated from a large random number through a cryptograhic key generation program to produce a private key and public key. In such a system, anyone can encrypt a message using the receiver's public key, but that encrypted message can only be decrypted with the receiver's private key. Public keys can be disseminated freely as the receiving address for your cryptocurrency.

     

    Learn about other Crypto terms here


    Tokenizing future yield may not seem like much work, but it actually involves incredibly complex mechanisms. Check out our latest report by our analyst, Win Win, on the innovations and the mechanisms involved in this space. The protocols discussed include Pendle (PENDLE), APWine (APW), Element, and Alchemix (ALCX).

    NFT of the Day πŸ–ΌοΈ

    DUCKNANA

    Artist: Ronald Ong

    Gallery: SuperRare

     

    Rumour has it that 'Ducknana' actually exists somewhere around your nearby coast! From the Hybrid Series.

     
    Check out other NFTs on CoinGecko

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