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10 Jun 2026, 06:00

Bitcoin Back At Production Cost: Analyst Says Best Value Zone Starts Here

The founder of Capriole Investments has highlighted how Bitcoin is at the threshold of a zone that has historically provided the best long-term opportunities. Bitcoin Has Returned To Its Production Cost In a new post on X, Capriole Investments founder Charles Edwards has pointed out that Bitcoin is back at its Production Cost. The “Production Cost” here refers to an indicator that estimates the global average USD cost of producing one token of the cryptocurrency per day. Related Reading: Bitcoin Stablecoin Ratio Drops To Extreme Low—What It Means For BTC BTC uses a consensus mechanism called the proof-of-work (PoW) in which validators called miners compete against each other using computing power to gain the chance to add the next block to the chain. Today, the blockchain is so competitive that the average miner requires a ton of machines to have a shot at making revenue. Setting up mining farms can require a significant initial investment, but what determines whether the miner can earn an income is the cost required to keep these facilities running. A high amount of computing power is generally costly to run, with the main expense coming in the form of electricity bills. As the below chart shared by Edwards shows, the Bitcoin Production Cost is about $62,650 right now. This level is about where the spot price of Bitcoin also happens to currently be trading. Thus, if the estimate of the metric is anything to go by, miners are just breaking even on their operations. Following this development, BTC is now on the boundary of a zone that has been significant for the cryptocurrency in the past. “The best Long-term value opportunities have historically been between here and Electrical Cost, currently at $50K,” noted the analyst. The “Electrical Cost” here is the total cost that miners are paying for electricity alone. This level has served as a sort of lower boundary for Bitcoin over the various cycles. The Production Cost suggests that miners are under pressure at the moment. How are they reacting to this? An indicator that can be useful for following miner behavior is the Hashrate, tracking the total amount of computing power connected by these validators as a whole. Related Reading: XRP Could Offer Major Buying Opportunity At $0.90, Analyst Says According to data from CoinWarz, this metric has slumped recently. From the chart, it’s visible that the Bitcoin Hashrate currently has a value of about 837 exahashes per second (EH/s). During May, the indicator frequently touched the 1,000 EH/s mark, more than 19% higher than the latest level. Thus, it would appear that some of the miners have disconnected from the network in response to the bearish market. BTC Price At the time of writing, Bitcoin is trading around $62,400, down 9.5% over the past week. Featured image from Dall-E, chart from TradingView.com

10 Jun 2026, 05:00

Non-USD stablecoins hit $2B ATH – Why altcoins still look weak

Humanity Protocol crash reveals weak altcoin momentum, turning liquidity signals bearish.

10 Jun 2026, 04:30

OpenAI eyes 10-GW Ohio AI data center backed by Nvidia in historic infrastructure push

OpenAI has entered talks to lease a 10-gigawatt data center in Ohio through funding provided by Nvidia. If finalized, the agreement would rank among the largest single-site commitments to AI computing ever made, signaling that the race to build physical AI infrastructure has moved into a new phase. The data center would sit on federal land at the former Portsmouth Gaseous Diffusion Plant in Pike County, Ohio. In March 2026, the US Department of Energy announced a partnership with SoftBank Group and its subsidiary SB Energy to redevelop the site, with SB Energy committing to build 10 GW of new power generation capacity, including at least 9.2 GW from natural gas, according to a DOE fact sheet. How the Ohio project compares with existing data center markets A 10 GW load at a single location would be an entirely new scale. As Cryptopolitan reported in September, OpenAI’s Stargate project currently spans seven sites, the Abilene, Texas flagship plus six locations in Texas, New Mexico, Wisconsin, Michigan, and Lordstown, Ohio. Together they add up to roughly 7 GW of planned capacity. The proposed Piketon campus alone would exceed that entire combined footprint. The Northern Virginia data center market, the world’s largest hub, held roughly 5 GW of capacity in 2025. The Ohio campus would be about double that, and larger than the power generation of several national grids. The scale also dwarfs other recent AI infrastructure deals. In late 2025, BlackRock, Microsoft, Nvidia, and xAI led the acquisition of Aligned Data Centers, gaining roughly 5 GW of capacity across more than 50 facilities globally. The Piketon site would deliver twice that on a single campus. OpenAI and Nvidia’s 10-gigawatt AI infrastructure strategy The Ohio project sits inside the $500 billion Stargate program announced by OpenAI, Oracle, SoftBank, and President Donald Trump at the White House in January 2025. By September 2025, OpenAI had pushed Stargate to nearly 7 GW across the seven sites, with more than $400 billion in committed investment over three years. The Piketon campus would mark a major expansion beyond that footprint, and Ohio’s second Stargate-linked site alongside Lordstown. Nvidia’s role in the Ohio facility goes beyond chip supply. In September 2025, Nvidia and OpenAI signed a letter of intent for at least 10 gigawatts of Nvidia systems, with Nvidia committing up to $100 billion in OpenAI as capacity comes online. The first gigawatt was targeted for the second half of 2026 using Nvidia’s Vera Rubin platform. “Everything starts with compute,” OpenAI CEO Sam Altman said in the September 2025 partnership announcement. “Compute infrastructure will be the basis for the economy of the future.” Jensen Huang, Nvidia’s CEO, framed the partnership in similar terms: “This investment and infrastructure partnership mark the next leap forward, deploying 10 gigawatts to power the next era of intelligence.” Why the Ohio project matters for the global AI race The scale reflects a calculation shared across the industry: training and running next-generation models will require orders of magnitude more compute than current systems provide. OpenAI’s head of data centers, Chris Malone, told Data Center Dynamics that the company has “a very strong conviction about scaling laws” and is “short on capacity constantly.” The energy commitment carries global implications. SB Energy’s plan to build 9.2 GW of natural gas generation alongside $4.2 billion in new transmission infrastructure with AEP Ohio is a bet that AI demand will reshape energy markets and grid planning for years. The DOE noted that SB Energy committed to making excess generation and transmission capacity available to consumers and is funding accelerated environmental cleanup at the former uranium enrichment site. Utilities are already adjusting investment plans for surging AI demand. Dominion Energy, whose territory covers parts of Northern Virginia, lifted its five-year capital expenditure outlook to $50.1 billion on rising electricity demand from data centers, and reported that contracted power capacity from data centers had risen 88% from mid-2024 levels. For competing AI developers and foreign governments watching the buildout, the message is clear: the United States is converting Cold War-era nuclear infrastructure into AI compute capacity, backed by Japanese capital and American chipmaking. SoftBank’s $33 billion commitment to the Portsmouth power project is part of a broader $550 billion Japanese investment package under the US-Japan trade deal, Commerce Secretary Howard Lutnick said in March. Industry observers now treat AI campuses as large infrastructure projects rather than traditional tech campuses. Stargate’s larger 10 GW target consumes more power than New York City uses today. OpenAI’s infrastructure partners include Oracle, SoftBank, CoreWeave, Microsoft, and Nvidia. The company crossed 1 billion monthly active app users in May, the fastest application ever to reach that milestone, and filed its confidential S-1 with the SEC on June 1. What’s next for OpenAI’s Ohio expansion The Ohio lease terms have not been finalized. Whether OpenAI can secure the power, permitting, and capital to fill 10 GW at a single site remains an open question. Stargate has moved faster than its original timeline suggested, but its total cost projections, now above $1 trillion when combined with OpenAI’s cloud commitments per Altman, exceed what any single company or consortium has ever deployed in data center history. The smartest crypto minds already read our newsletter. Want in? Join them .

10 Jun 2026, 03:40

Justin Sun Withdraws $19.5M in Ethereum from Poloniex, Staking Move Expected

BitcoinWorld Justin Sun Withdraws $19.5M in Ethereum from Poloniex, Staking Move Expected Tron (TRX) founder Justin Sun has moved 12,000 Ethereum (ETH), valued at approximately $19.5 million, from the Poloniex exchange, according to on-chain data shared by blockchain analyst ai_9684xtpa. The transaction occurred roughly 20 minutes before the report was published. Details of the Withdrawal The funds were transferred from an address associated with Sun to an undisclosed wallet. The source noted that the newly withdrawn ETH has not yet been moved to another address, suggesting it may be held temporarily before a subsequent transaction. This pattern aligns with Sun’s previous behavior, where he has withdrawn ETH from exchanges before staking it on the Lido protocol. Context and Previous Actions Justin Sun, a prominent figure in the cryptocurrency space, has a history of large-scale ETH movements. In past instances, similar withdrawals from Poloniex were followed by deposits into Lido, a liquid staking platform. Lido allows users to stake ETH and receive stETH in return, which can be used in other DeFi applications. This strategy enables Sun to earn staking rewards while maintaining liquidity. Market and Industry Implications While the movement of such a large amount of ETH could theoretically impact market sentiment, the immediate effect appears muted. The withdrawal represents a relatively small fraction of Ethereum’s total supply and daily trading volume. However, it highlights the continued activity of major holders in the staking ecosystem. The move also underscores the growing trend of large investors using liquid staking platforms to generate yield without locking up their assets entirely. Conclusion The withdrawal of 12,000 ETH by Justin Sun is a notable but not unprecedented event. The market will be watching for confirmation of whether the funds will be staked on Lido, as in previous instances. This action fits within a broader pattern of large-scale ETH management by prominent crypto figures, reflecting the ongoing maturation of the staking and DeFi landscape. FAQs Q1: Who is Justin Sun? Justin Sun is the founder of the Tron (TRX) blockchain and a well-known entrepreneur in the cryptocurrency industry. He is also the owner of the Poloniex exchange. Q2: What is Lido? Lido is a liquid staking protocol for Ethereum. It allows users to stake their ETH and receive stETH tokens, which can be traded or used in other decentralized finance (DeFi) applications while still earning staking rewards. Q3: Why does this withdrawal matter? The withdrawal is significant because it involves a large sum of ETH from a major figure, potentially signaling a strategic move. It also provides insight into how high-net-worth individuals are managing their crypto assets in the current market environment. This post Justin Sun Withdraws $19.5M in Ethereum from Poloniex, Staking Move Expected first appeared on BitcoinWorld .

10 Jun 2026, 03:30

CLARITY Act Could Clear This Year, Solana Policy Institute Says—But 4 Demands Remain To Be Met

Kristin Smith, President of the Solana Policy Institute and CEO at the Blockchain Association, urged the US Senate to pass the anticipated CLARITY Act on Tuesday, while emphasizing four specific priorities she said must be addressed before the bill receives a full vote. Protect Developers, Target Bad Actors Speaking on social media site X (formerly Twitter), Smith framed the legislation as a chance to strengthen legal clarity around how public blockchains operate—particularly for the developers and infrastructure providers who build and maintain the open-source systems. In a letter published on Tuesday, signed by more than 60 leading CEOs and founders, the industry calls on the Senate to move forward with the CLARITY Act while preserving what Smith described as robust developer protections. According to Smith, Protecting developers sits at the center of Solana Institute’s mission. She said public blockchains depend on open-source contributors who write, maintain, and improve the code that runs them. Because these engineers typically publish software that can be downloaded and used by anyone, she argued that they do not directly hold money, do not have the ability to freeze accounts, and do not move funds. Smith also argued that strong developer protections do not weaken enforcement. Instead, she said that through the potential passage of the CLARITY Act, they could make enforcement more effective by creating clearer lines between different participants in the market. When the law clearly distinguishes between intermediaries that custody assets or control transactions, bad actors, regulators, and prosecutors can focus their attention on the parties she described as actually responsible for illicit conduct—such as those custodying funds, operating platforms, or facilitating wrongdoing. CLARITY Act With BRCA Intact In her message, Smith pointed specifically to the Blockchain Regulatory Certainty Act (BRCA) as a key element of that approach. Smith said the BRCA provides legal certainty for noncontrolling software developers and infrastructure providers who do not custodian assets or control user transactions. Smith also referenced a separate letter released by the Blockchain Association, saying that last week, 160 former national security, intelligence, and law enforcement professionals made a similar argument: that “clarity is an enforcement advantage.” In her account, clearer rules help keep legitimate activity onshore and provide prosecutors with better tools to target bad actors, rather than creating uncertainty that discourages compliant development. In Smith’s view, the core objective is not simply to pass a bill, but to ensure it leads to meaningful certainty for builders. She warned that if developer protections are weakened, the broader CLARITY Act could fall short of one of its most important goals—giving responsible builders confidence to work in the United States. Smith concluded that the Senate should pass the CLARITY Act with the Blockchain Regulatory Certainty Act intact. She summarized her position as a straightforward set of goals: protect developers, target bad actors, preserve open-source innovation, and maintain US leadership in the crypto sector. Featured image created with OpenArt; chart from TradingView.com

10 Jun 2026, 03:10

STG Price Jumps Over 40% After 8 Million Token Withdrawal From Gate.io

BitcoinWorld STG Price Jumps Over 40% After 8 Million Token Withdrawal From Gate.io The price of Stargate Finance (STG) surged more than 40% in a single session on [Date of event, e.g., Tuesday], following the withdrawal of 8 million STG tokens from the exchange Gate.io. On-chain analytics firm EmberCN first flagged the movement, linking it to a single address that removed the tokens from the platform. What Drove the Sudden Price Increase? The withdrawal triggered a sharp market reaction, pushing STG from around $0.25 to over $0.36 at its peak. While large token movements from exchanges are often interpreted as bullish signals — suggesting holders are moving assets to private wallets for long-term storage — the context surrounding Stargate’s recent acquisition by LayerZero (ZRO) adds a layer of complexity. In late 2024, LayerZero, the cross-chain interoperability protocol, acquired Stargate Finance. As part of the deal, STG tokens became exchangeable for ZRO at a fixed rate of 1 STG to 0.08634 ZRO. This conversion mechanism was designed to unify the two ecosystems and provide a clear valuation path for STG holders. A Disconnect Between Fixed Rate and Market Price Despite the fixed exchange rate, the market prices of STG and ZRO have diverged significantly. According to EmberCN’s analysis, ZRO is currently trading at approximately $0.84. Based on the fixed conversion rate, this would imply an STG price of roughly $0.07. However, STG is trading at $0.36 — more than five times that implied value. This discrepancy suggests that market participants are pricing STG based on factors beyond the direct conversion mechanism, possibly including expectations of future utility, speculative demand, or the perceived value of the Stargate ecosystem independent of LayerZero. What This Means for Traders and Holders The large withdrawal from Gate.io could indicate that a significant holder is accumulating STG, possibly in anticipation of converting to ZRO at the fixed rate. If the market price of STG remains above the implied conversion value, direct conversion may not be immediately attractive. However, if STG’s price were to fall toward the $0.07 level, arbitrage opportunities could emerge. For traders, the situation presents a clear case of market inefficiency. The fixed conversion rate provides a theoretical floor for STG, but only if holders are willing and able to execute the conversion. The actual mechanics of the swap — including any lock-up periods, fees, or liquidity constraints — remain important factors to consider. Conclusion The 40% surge in STG price following the 8 million token withdrawal highlights the ongoing market dynamics following the LayerZero acquisition. While the fixed exchange rate offers a theoretical valuation anchor, the market is clearly pricing STG with a significant premium. Traders should monitor on-chain movements and the conversion mechanism closely, as any changes in market sentiment or the conversion process could lead to rapid price adjustments. FAQs Q1: Why did the STG price jump over 40%? The price surged after a single address withdrew 8 million STG tokens from Gate.io, a move often interpreted as a bullish signal by the market. Q2: What is the fixed exchange rate between STG and ZRO? Following LayerZero’s acquisition of Stargate, STG can be exchanged for ZRO at a fixed rate of 1 STG to 0.08634 ZRO. Q3: Is there an arbitrage opportunity between STG and ZRO? Potentially. The market price of STG ($0.36) is significantly higher than the price implied by the fixed conversion rate ($0.07), suggesting a disconnect. However, traders should verify the conversion terms and any associated costs before acting. This post STG Price Jumps Over 40% After 8 Million Token Withdrawal From Gate.io first appeared on BitcoinWorld .