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Optimism Taps Flashbots to Supercharge OP Stack Sequencing

by admin August 21, 2025

Optimism is teaming up with Flashbots to revamp how transactions get processed across its OP Stack ecosystem, aiming to make some of Ethereum’s most popular layer-2 networks faster and more customizable.

The partnership centers on sequencing, the behind-the-scenes process that determines how quickly a transaction confirms, which trades are prioritized, and how much users ultimately pay. Optimism says Flashbots’ infrastructure, which is already responsible for building more than 90% of Ethereum’s blocks, will now bring near-instant confirmations and user-friendly transaction ordering to every chain in the so-called Superchain.

This matters because the OP Stack underpins more than 60% of all Ethereum layer 2 activity, the Optimism team claims, including some of the most well-known layer-2 chains like Base, Unichain, World Chain, Ink and Soneium. Until now, advanced sequencing features such as ultra-fast settlement, frontrunning protection and custom compliance rules were only available to the largest chains with resources to build them in-house. With Flashbots on board, those features will be available via tools for any project building on Optimism’s OP stack.

Flashbots is best known for its work on MEV, or maximal extractable value, where its MEV-Boost tool has reshaped how blocks are produced.

Some of Flashbots’ sequencing technology is already live on OP Stack chains: Base and Unichain use “Flashblocks” to deliver block times as low as 200 milliseconds, while Unichain and World Chain are experimenting with verifiable transaction ordering and priority blockspace, which proves transactions are ordered fairly and prevents frontrunning.

In the coming months, Optimism and Flashbots plan to roll out the flashblocks and advanced sequencing R&D to Optimism’s mainnet and other chains using the OP Stack.

“With Flashbots as a core technology partner, we’re accelerating the roadmap for fast, cheap, and customizable sequencing across the OP Stack,” said Sam McIngvale, head of product at OP Labs. “This is part of our broader mission: giving builders the freedom to design their chains their way, with infrastructure that’s open, flexible, and battle-tested in production.”

Read more: Optimism’s Jing Wang and the Widely Adopted OP Stack

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August 21, 2025 0 comments

Crypto Trends

Nasdaq-Listed SoFi Taps Bitcoin Lightning for Remittances

by admin August 20, 2025

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. We’re Margaux Nijkerk & Jamie Crawley, reporters at CoinDesk.

In this issue:

Nasdaq-Listed SoFi Taps Bitcoin Lightning for Remittances
Bitcoin DeFi Project Enters Solana with BTC-Backed Token YBTC
Valantis Acquires stHYPE, Expanding Liquid Staking Reach on Hyperliquid
Hyperbeat Secures $5.2M Backing From ether.Fi, Electric Capital

Network News

SOFI TAPS BITCOIN LIGHTNING FOR REMITTANCES: SoFi Technologies will soon allow remittance payments on top of the Bitcoin layer-2 Lightning Network through a partnership with Lightspark, aiming to bring real-time international money transfers to its members. SoFi’s remittance product, which is expected to roll out later this year, will allow users to send U.S. dollars through the SoFi app, with recipients receiving local currency deposits abroad, using Lightspark’s Universal Money Address (UMA). Lightspark’s UMA provides access to a global payment rail designed for speed and scale. Transfers will display upfront exchange rates and fees, addressing longstanding pain points in traditional remittance services. The launch follows SoFi’s reentry into crypto, after halting services in 2023 during its transition to a national bank. Earlier this year, it revealed plans to offer international remittances through blockchain and stablecoins and allow users to invest in crypto. — Jamie Crawley Read more.

BITLAYER ENTERS SOLANA WITH YBTC: Bitcoin DeFi project Bitlayer has partnered with Kamino Finance and Orca to bring its bitcoin-backed token, YBTC, to the Solana ecosystem. This integration is intended to combine Bitlayer’s security with Solana’s speed and scalability, aligning with Bitlayer’s goal of expanding the Bitcoin DeFi sector. It will provide bitcoin holders with native BTC exposure and yield opportunities, said Charlie Hu, co-founder of Bitlayer. YBTC, pegged 1:1 with BTC, is central to Bitlayer’s BitVM bridge, which is designed for trust-minimized bitcoin transfers by eliminating centralized intermediaries. The token serves as a direct representation of users’ locked BTC within the Bitlayer ecosystem, enabling seamless interoperability between Bitcoin and decentralized finance applications. By holding YBTC, Solana users can maximize yields through Kamino’s institutional-grade earn vaults, which provide auto-compounding and optimized BTC-denominated returns, helping assets grow effortlessly. — Omkar Godbole Read more.

VALANTIS ACQUIRES stHYPE: Valantis, a decentralized exchange (DEX) protocol, has acquired Staked Hype (stHYPE), the second-largest liquid staking token (LST) on Hyperliquid. Financial terms of the deal were not disclosed. stHYPE, which launched as the first LST on HyperEVM, currently holds about $180 million in total value locked (TVL), according to the stHYPE website. Following the deal, stHYPE’s operations, development, and scaling will be managed by Valantis Labs. Addison Spiegel, founder of Thunderhead, the team behind stHYPE, will serve as an advisor to Valantis. Liquid staking has become a central pillar within Hyperliquid’s ecosystem. According to DeFiLlama, liquid staking accounts for more than half of Hyperliquid L1’s $2.26 billion in DeFi TVL. The acquisition builds on Valantis’ earlier launch of LST-specific DEX pools for both stHYPE and hHYPE, which together have attracted nearly $70 million in TVL and processed more than $500 million in trading volume. — Oliver Knight Read more.

HYPERBEAT GETS $5.2M IN SEED: Hyperbeat, a protocol powering yield infrastructure on the Hyperliquid decentralized exchange, has closed a $5.2 million oversubscribed seed round co-led by ether.fi Ventures and Electric Capital. The raise will be used to build out their yield infrastructure for traders, protocols, and institutions that are tapped into the Hyperliquid ecosystem. The round also drew investments from Coinbase Ventures, Chapter One, Selini, Maelstrom, Anchorage Digital, and community backers via the HyperCollective. Hyperbeat serves as the native yield layer for Hyperliquid, building permissionless financial infrastructure that allows anyone to earn, stake, and spend directly from their on-chain portfolio. It unlocks yield generated by Hyperliquid’s funding rates—previously accessible only to sophisticated market participants—and packages it into simple, tokenized vaults. The news of the seed raise comes as Hyperliquid’s total value locked surpasses $2.1 billion, and as institutions are starting to develop greater interest in its ecosystem. — Margaux Nijkerk Read more.

In Other News

SkyBridge Capital, Anthony Scaramucci’s investment management firm, plans to tokenize $300 million worth of its hedge funds on the Avalanche network. The firm is bringing its Digital Macro Master Fund and Legion Strategies on-chain in partnership with tokenization provider Tokeny and its parent, Apex Group, which manages more than $3.5 trillion in assets, according to the press release shared with CoinDesk. Apex acquired Tokeny earlier this year. The initiative uses the ERC-3643 token standard with operational support from Apex’s Digital 3.0 platform, which handles issuance, administration, and distribution. — Kristzian Sandor Read more.
Thumzup Media, which counts Donald Trump Jr. as a large shareholder, said it will acquire Dogehash Technologies, Inc. in an all-stock deal, pivoting from digital marketing into industrial-scale crypto mining. Under the agreement, Dogehash shareholders will receive 30.7 million Thumzup shares, according to a Tuesday release, valuing the transaction at $153.8 million, based on the shares’ closing price. The combined company will rebrand as Dogehash Technologies Holdings, Inc. and list on Nasdaq under the ticker XDOG, pending shareholder approval later this year. The company says it will also use Dogecoin’s DogeOS layer 2 to stake in DeFi products, aiming to boost miner returns beyond standard rewards. — Sam Reynolds Read more.

Regulatory and Policy

The crypto industry is mounting a counteroffensive against Wall Street bankers’ bid to rewrite the U.S.’ new stablecoin law, arguing that attempts to roll back core provisions of the GENIUS Act would tilt the field toward traditional banks. In a letter to Senate Banking Committee leaders dated Aug. 19, the Crypto Council for Innovation and the Blockchain Association urged lawmakers to reject proposals from the American Bankers Association, Bank Policy Institute and state banking groups that called for stripping out Section 16(d) of the law and banning yield programs offered by affiliates of stablecoin issuers. Section 16(d) allows subsidiaries of state-chartered institutions to conduct money transmission across state lines in support of stablecoin issuer activities, ensuring holders can redeem their tokens nationwide without needing separate state licenses. Banking groups warned earlier this month that allowing state-chartered, uninsured institutions to issue stablecoins and operate nationwide would amount to regulatory arbitrage, bypassing state licensing regimes. — Sam Reynolds Read More
The U.S. Federal Reserve’s newest vice chair who supervises Wall Street banking, Michelle Bowman, made a crypto speech on Tuesday that could have been uttered by one of the industry’s own policy wonks, advocating that banks get behind the digital assets surge and that the Fed give the sector rules that won’t get in crypto’s way. At the Wyoming Blockchain Symposium, Bowman warned banks that don’t embrace the shift toward crypto “will play a diminished role in the financial system more broadly,” and she further underlined what’s already been an obvious change in crypto sentiment from U.S. banking regulators. “Your industry has already experienced significant frictions with bank regulators applying unclear standards, conflicting guidance, and inconsistent regulatory interpretations,” she said. “We need a clear, strategic regulatory framework that will facilitate the adoption of new technology, recognizing that in some cases, it may be inadequate and inappropriate to apply existing regulatory guidance to address emerging tech.” — Jesse Hamilton Read more.

Calendar

Sept. 22-28: Korea Blockchain Week, Seoul
Oct. 1-2: Token2049, Singapore
Oct. 13-15: Digital Asset Summit, London
Oct. 16-17: European Blockchain Convention, Barcelona
Nov. 17-22: Devconnect, Buenos Aires
Dec. 11-13: Solana Breakpoint, Abu Dhabi
Feb. 10-12, 2026: Consensus, Hong Kong
May 5-7, 2026: Consensus, Miami

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August 20, 2025 0 comments

NFT Gaming

Australia’s Securities Regulator Taps Expert Trio to Probe ASX’s Operations

by admin June 26, 2025

Australia’s Securities and Investment Commission (ASIC) has turned to three of the country’s most seasoned finance figures to probe the inner workings of the Australian Securities Exchange, including the exchange’s doomed blockchain project.

ASIC launched the inquiry on June 16 over “ongoing concerns” it and the Reserve Bank of Australia expressed about the exchange’s ability to run stable and secure market plumbing.

Those concerns intensified when ASX scrapped a blockchain-based upgrade to its CHESS settlement engine in 2022, forcing a costly reset and drawing political heat. ASIC later sued ASX over making misleading statements on the project.

Rob Whitfield, a former Westpac chief risk officer and now a Commonwealth Bank director, will chair ASIC’s panel. Joining him are Christine Holman, who sits on the boards of utility AGL and restaurant operator Collins Foods, and Guy Debelle, a Reserve Bank of Australia’s former deputy governor.

The trio will inspect ASX’s governance, technical capability, and risk controls and recommend fixes for any weak spots.

Their brief stretches across the entire ASX group, which handles more than A$6 billion ($3.92 billion) in trades each day.

Read more: Australia’s Securities Regulator Sues ASX for Misleading Statements About Blockchain Project

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June 26, 2025 0 comments

Crypto Trends

Mastercard Taps Fiserv Stablecoin for ‘New Era’ of Payments

by admin June 24, 2025

In brief

Mastercard will adopt Fiserv’s stablecoin as part of a “new era” for payments.
The announcement follows Circle’s blockbuster IPO.
Crypto exchange Coinbase has leaned into the payments realm as lawmakers mull stablecoin legislation.

Mastercard will tap Fiserv’s FIUSD stablecoin for its existing products and services, soon allowing more than 150 million merchants to use the dollar-pegged token, the payments giant said in a press release on Tuesday.

“This work with Fiserv is setting the stage for a new era, where stablecoins are as ubiquitous and trusted as fiat currencies,” Mastercard Americas Co-President Chiro Aikat said in a statement. “We are creating a robust ecosystem.”

Through a partnership, Mastercard and Fiserv will explore how business can “transition smoothly” between fiat currency and FIUSD, the company said. The firms will also assess how FIUSD can be used as a settlement option on a global scale in a way that “enhances operational efficiencies and delivers a seamless payment experience.”

Meanwhile, Mastercard said that Fiserv’s stablecoin will seek to integrate FIUSD into Mastercard’s so-called Multi-Token Network, a blockchain designed for “off-the-shelf support for programmable, on-chain commerce for banks.”

Finally, Mastercard will also issue “stablecoin-powered cards” leveraging FIUSD. In May, Mastercard introduced stablecoin cards with crypto payments firm MoonPay, following recent partnerships with crypto exchange OKX and stablecoin issuer Circle.

Circle’s initial public offering has bolstered stablecoin hype in traditional finance circles, with the company’s stock changing hands 700% above its IPO price on Tuesday at roughly $250 per share, according to Yahoo Finance. The firm’s Wall Street debut took place 19 days ago, with Circle’s stock offered at $31 per share.

Fiserv said that it would develop FIUSD on Monday alongside PayPal, describing the token as a “bank-friendly stablecoin” for “financial institutions of all sizes.”

Mastercard’s announcement follows the U.S. Senate’s passage of the GENIUS Act, a bill that would establish federal rules for stablecoin issuers like Circle, while unlocking competition from staid financial firms like Bank of America. In a recent note, Benchmark analyst Mark Palmer posited the bill could be signed into law by August.

As TradFi firms dive into the stablecoin space, crypto exchange Coinbase has been inking partnerships in the payments realm itself. Earlier this month, the San Francisco-based firm unveiled a tie-up with Shopify, the popular commerce platform.

Edited by James Rubin

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June 24, 2025 0 comments

Crypto Trends

Pakistan Taps Saylor To Shape Sovereign Bitcoin Policy

by admin June 16, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Pakistan’s sprint toward a state-level Bitcoin strategy has drawn an influential new ally. On Sunday, June 15, entrepreneur-turned-Bitcoin evangelist Michael Saylor held a video meeting with Finance Minister Muhammad Aurangzeb and Minister of State for Blockchain and Crypto Bilal Bin Saqib to explore how the world’s oldest cryptocurrency could sit inside the country’s sovereign reserves. The Finance Ministry described the conversation as a “milestone” in Pakistan’s digital-assets agenda, and Saylor, whose firm Strategy holds the world’s largest corporate Bitcoin treasury, offered to continue “in an advisory capacity.”

Michael Saylor Joins Pakistan’s Bitcoin Pivot

According to the press note seen by local media Dawn, discussion centred on whether Bitcoin can underpin monetary resilience in an economy that has long relied on dollar liquidity and IMF balance-of-payments support. Saylor, credited with turning a mid-tier software vendor into a $100-billion market-cap vehicle for Bitcoin exposure, framed the asset as “the strongest instrument for long-term national resilience.” He argued that Pakistan can seize a “once-in-a-generation opportunity to leapfrog into the future of finance,” echoing his thesis that digital scarcity is an antidote to fiat debasement.

The video feed, later posted to X by Finance-Ministry media chief Hamid Raza Wattoo and widely circulated by crypto outlets, captured Saylor linking capital flows to reputational credibility. “The most important thing is leadership — intellectual leadership — and that they trust you,” he told Aurangzeb and Saqib. “If the world trusts you and they hear your words … the capital and the capability will flow to Pakistan. It’s there; it wants to find a home.” He closed by saying, “I look forward to working with you.”

Aurangzeb, who heads the newly created Pakistan Crypto Council (PCC), responded that Islamabad “aspires to lead the Global South in the development and adoption of digital assets, setting a benchmark for innovation, regulation and inclusive growth.” Saqib called Saylor’s trajectory proof that Bitcoin now carries “sovereign-grade” status. “If private individuals can build that in the US, why can’t Pakistan, as a nation, do the same? We have the talent, the story, and the energy,” he said.

Saylor’s credibility in the role is anchored in Strategy’s 582,000-Bitcoin cache, currently valued at roughly $61 billion, amassed through successive equity and debt offerings since 2020. His endorsement comes as Pakistan tries to codify rules for custody, mining and taxation. The PCC, launched in March, has already formed a technical committee for a draft Digital-Assets Act and is coordinating with the State Bank of Pakistan, the Securities and Exchange Commission and the Financial Action Task Force. Parallel legislation would create the Pakistan Virtual Assets Regulatory Authority (PVARA) as an umbrella watchdog.

Yet the legal landscape is still contested. Only two weeks ago, senior State Bank officials reminded lawmakers that “cryptocurrency remains banned” under existing directives and that enforcement cases are being forwarded to law-enforcement agencies. The juxtaposition of an official Bitcoin reserve with a de jure ban has produced what Dawn characterised as a “policy in disarray.”

Pakistan’s political leadership has nevertheless accelerated operational plans. In late May Saqib unveiled a state-managed Bitcoin cold wallet at the Bitcoin 2025 conference in Las Vegas and secured Cabinet approval to dedicate 2,000 megawatts of surplus power for Bitcoin mining and AI data-centre workloads. The capital-hungry energy policy is seen in Islamabad as a way to monetise excess generation capacity while building a strategic stockpile of BTC that could, in theory, diversify external reserves currently dominated by dollars and gold.

Saylor’s expected advisory remit has not yet been formalised, and neither side disclosed whether Strategy would take a commercial stake. But the meeting underscores Pakistan’s intent to import not just technology but also intellectual capital. Saqib, fresh from a US roadshow that included talks with New York City Mayor Eric Adams and the New York Crypto Council, noted that “Pakistan is establishing itself as a key player in the global cryptocurrency economy and setting trends rather than following them.”

For now, the largest obstacle remains regulatory coherence. A sovereign Bitcoin reserve, ministerial advocacy and Saylor’s star power have vaulted Pakistan into the global spotlight, but a statutory framework acceptable to both domestic regulators and the IMF will determine whether the country can convert momentum into durable policy.

At press time, BTC traded at $106,613.

BTC needs to reclaim the 0.618 Fib, 4-hour chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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June 16, 2025 0 comments

GameFi Guides

Bitcoin Taps $110,000 Following Cooler-Than-Expected US Inflation Data – New High Coming?

by admin June 12, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Earlier today, Bitcoin (BTC) briefly climbed above the $110,000 mark after the release of cooler-than-expected US Consumer Price Index (CPI) data. The softer inflation reading strengthens the case for the US Federal Reserve (Fed) to begin cutting interest rates – a development that could benefit risk-on assets like BTC.

Bitcoin Gains As US Inflation Softens

Today, the US Bureau of Labor Statistics released the May 2025 CPI report, showing signs that inflation is continuing to ease. Both the headline and core CPI readings came in below economists’ forecasts.

Specifically, the headline CPI rose by just 0.1% in May, compared to the 0.2% consensus estimate. On a year-over-year (YoY) basis, the headline CPI registered at 2.4%, slightly below the expected 2.5%, and up from 2.3% in April.

Core CPI – which excludes volatile components like food and energy – also rose by 0.1% in May, versus the forecasted 0.3%. The April figure was 0.2%. On a YoY basis, core CPI came in at 2.8%, marginally lower than the 2.9% consensus.

Following the inflation report, BTC saw modest gains, climbing 0.6% to briefly touch the $110,000 level before retracing slightly. The data has increased the likelihood of a Fed rate cut in the near future.

According to data from the Chicago Mercantile Exchange (CME) FedWatch Tool, traders are currently pricing in two rate cuts in 2025, with the first expected in September and the second in December.

BTC also stands to benefit from easing geopolitical tensions. US President Donald Trump stated today that a trade deal with China “is done,” further boosting investor sentiment.

Meanwhile, crypto analyst Titan of Crypto highlighted a bullish golden cross forming on Bitcoin’s weekly chart. In a post on X, the analyst shared the following chart and emphasized the importance of BTC holding above the $109,000 level to confirm a potential breakout.

Source: Titan of Crypto on X

A golden cross is a bullish technical pattern that occurs when a short-term moving average (MA) – typically the 50-day – crosses above a long-term MA like the 200-day. This crossover signals a potential shift in momentum and is often seen as an indicator of a sustained upward trend.

Macroeconomic Conditions Favor A BTC Rally

Beyond easing inflation, several macroeconomic indicators support a bullish outlook for BTC. Historically, Bitcoin tends to track M2 money supply, and a rise in global liquidity could contribute to further price appreciation.

Some analysts are also drawing parallels between Bitcoin and gold. Crypto commentator Ted Pillows recently predicted that BTC could reach $130,000 by Q3 2025, mirroring gold’s performance in inflationary cycles.

Importantly, the current Bitcoin market shows no signs of overheating. Unlike past bull runs, the current cycle lacks signs of retail-driven mania, suggesting there may still be significant upside potential. At press time, BTC trades at $109,876, up 1% in the past 24 hours.

BTC trades at $109,876 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from X and TradingView.com

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June 12, 2025 0 comments

GameFi Guides

Ripple Scores Major Institutional Win as Guggenheim Taps XRP Ledger

by admin June 10, 2025

Ripple just scored a major win as Guggenheim Treasury Services, a big name in the commercial paper space, has brought its Digital Commercial Paper (DCP) product to the XRP Ledger (XRPL), making it the first native digital commercial paper live on this blockchain.

DCP is a short-term debt product backed by the U.S. Treasuries and rated prime 1 by Moody’s. It is a go-to asset for institutional investors looking for safe, yield-bearing products and now it is available on XRPL, fully tokenized and ready for real-time finance. The move is powered by Zeconomy, a platform built to bring traditional financial products into the digital age.

Bitcoin price taps $110K amid improving investor sentiment.

by admin June 10, 2025

Key points:

Bitcoin gained 3.6% to above $109,000 on June 10, fueled by US-China trade talks and high open interest in the futures market.
A BTC price bull-flag is in play on the chart, targeting $158,000.

Bitcoin (BTC) is up today, rising over 3.6% in the last 24 hours to over $109,300 on June 10.

Data from Cointelegraph Markets Pro and TradingView shows that the BTC/USD pair climbed as much as 5% to an intraday high of $110,532 on June 10 from a low of $105,400 on June 9.

BTC/USD daily chart. Source: Cointelegraph/TradingView

Let’s take a look at the factors driving up Bitcoin price today.

US-China trade talks boost risk appetite

Bitcoin received a fresh boost from renewed risk appetite amid growing optimism that the ongoing US-China trade talks in London could lead to a positive outcome.

🔥 NEW: US-China trade talks resume Monday in London.

Karoline Leavitt calls it a push for more comprehensive talks. pic.twitter.com/fAH0CSu9wi

— Cointelegraph (@Cointelegraph) June 8, 2025

These negotiations, aimed at easing tariffs, signal potential de-escalation of trade tensions. Historically, positive trade developments boost risk-on sentiment, driving capital into assets like Bitcoin. BTC price rallied to new all-time highs in May after the US and China closed a 90-day trade agreement.

Positive trade outcomes may also counter any inflationary pressures from upcoming CPI data, reducing fears of tighter Federal Reserve policies that could dampen crypto markets.

Meanwhile, markets have ruled out any possibility of rate cuts at the June 18 FOMC meeting, with the odds of the lending rates remaining unchanged standing at 99.9%, as per the FedWatch tool.

Target rate possibilities for June 18 FOMC meeting. Source: FedWatch tool

OI rises with Bitcoin’s price rebound

An increase in open long BTC positions in the futures market preceded Bitcoin’s rally to $110,000. Bitcoin’s total open interest (OI) in the derivatives market increased to a two-week high of $77 billion on June 10, data from CoinGlass shows.

The chart below shows that Bitcoin’s OI has jumped 8% in the past 24 hours, suggesting increased demand for leveraged BTC positions.

Bitcoin derivatives data. Source: CoinGlass

Additionally, Bitcoin CME futures OI also hit a 14-day high of 151,915 BTC on June 10, worth approximately $16.6 billion, as per Glassnode data.

The derivatives trading volume has jumped 112% over the last 24 hours to $114.3 billion, reinforcing the intensity of the demand-side pressure.

Bitcoin’s bullishness on June 10 is accompanied by significant liquidations in the derivatives market. Over $195 million worth of short BTC positions have been liquidated over the 24 hours, compared to just $9.3 million in longs.

Bearish traders are forced to close their positions when short positions are liquidated.

Bitcoin’s bull flag targets $158,000

The BTC/USD pair is expected to resume its upward momentum after breaking out of a bull flag pattern on the daily chart, as shown in the figure below.

The pattern was confirmed when the price closed above the flag’s upper boundary at $105,600 on June 8, signaling the start of a massive upward move.

The flagpole’s height sets the target, which projects Bitcoin’s price ascent to $158,000 or approximately a 44% increase from the current price.

BTC/USD daily chart featuring bull flag pattern. Source: Cointelegraph/TradingView

Another bullish indicator is the relative strength index, which is moving within the positive region at 61, suggesting that there is still room for more upside before “overbought” conditions set in.

As Cointelegraph reported, Bitcoin’s breakout from a cup-and-handle pattern is likely to open the path toward $140,000.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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June 10, 2025 0 comments

Esports

Merab Dvalishvili taps Sean O’Malley, retains title at UFC 316

by admin June 8, 2025

Brett OkamotoJun 8, 2025, 01:14 AM ET
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NEWARK, N.J. — Merab Dvalishvili put a a stamp on his two-fight rivalry with Sean O’Malley on Saturday night, dominating the challenger in a third-round submission victory at UFC 316 at Prudential Center.

Dvalishvili (20-4) took the 135-pound title from O’Malley (18-3) in a unanimous decision at UFC Noche in September, in a competitive affair. Saturday inside Prudential Center was not close in the least. Dvalishvili pushed O’Malley backwards with constant pressure, out-landing him on the feet in the process. He picked him up and slammed him in the third, and secured a D’Arce choke at the 4:42 mark.

The victory marked Dvalishvili’s 13th straight, which ties him for the fourth-longest win streak in UFC history. He also moved into fourth on the all-time list of bantamweight wins with 12.

“I just work every day and repeat,” Dvalishvili said. “Training is number one for me. … It doesn’t matter what you have as long as you know where you’re going and you have a goal. Guys, please believe in your dreams and work for them. Everything is possible.”

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O’Malley, who underwent hip surgery and made several life changes ahead of the rematch, was gracious in defeat. He simply had no answer for Dvalishvili’s smothering style. He showed composure and threw some threatening shots here and there, but quickly fell behind in every statistic.

According to UFC Stats, Dvalishvili outlanded him 135-34 in total strikes, and he converted five of 12 takedowns.

“I didn’t feel like it was going to go like that, unfortunately,” O’Malley said. “Merab is a motherf—er. I just feel super grateful I get to do this. I have a two-week old and a 4-year old, a perfect wife. I’m excited to go home and spend some time with them. But Merab is a motherf—er.”

It is Dvalishvili’s second defense of the 135-pound title. He recorded his first defense against Umar Nurmagomedov, cousin of Khabib Nurmagomedov, in January. He is expected to face No. 1 contender Cory Sandhagen in his next fight. Sandhagen (18-5) is coming off a second-round finish of Deiveson Figueiredo last month.

Saturday’s fight marked the first time O’Malley lost via submission. Dvalishvili entered the weekend ranked the No. 4 pound-for-pound fighter in the world in the UFC.

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June 8, 2025 0 comments

NFT Gaming

Riot Platforms (RIOT) Taps Data Center Veteran to Expand Beyond Bitcoin Mining

by admin June 2, 2025

Riot Platforms (RIOT) has hired industry veteran Jonathan Gibbs as its Chief Data Center Officer, marking a strategic move by the bitcoin miner to branch out beyond crypto into the broader data infrastructure business.

Gibbs brings over 15 years of experience and a résumé that includes designing and building more than one gigawatt of data center capacity across North America, Europe and Asia. He most recently served as Executive Vice President at Prime Data Centers, where he led projects across the U.S.

Now, he’s tasked with launching Riot’s new data center platform aimed at companies that require massive computing power to support cloud services and artificial intelligence. The company plans to build out non-bitcoin-focused facilities, leveraging 1.7 gigawatts of power capacity it already controls.

The company’s CEO, Jason Les, said the new initiative will “aggressively scale” to meet surging demand. If successful, Riot could join a growing list of former mining firms repositioning themselves as key players in the AI and cloud infrastructure boom.

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June 2, 2025 0 comments