BitcoinWorld Iren’s Astounding Ascent: Dominating Bitcoin Mining in July In a truly significant shift within the digital asset landscape, Iren Limited has recently captured the spotlight. This innovative company achieved a remarkable feat in July, becoming the undisputed leader in Bitcoin mining hashrate. This accomplishment signals a dynamic change, pushing past established giants like Marathon Digital (MARA) and redefining the hierarchy in the highly competitive crypto mining sector. Iren’s Remarkable Rise: A New Leader in Bitcoin Mining? Iren Limited didn’t just inch ahead; they made a decisive move. Reports from The Block confirm that Iren surpassed Marathon Digital in key performance metrics during July. This included not only overall hashrate but also actual Bitcoin production and the crucial measure of fleet utilization. Fleet utilization refers to how efficiently a miner’s equipment is running, converting raw power into valuable Bitcoin. Iren’s superior efficiency highlights their operational excellence in the demanding world of Bitcoin mining . Higher Hashrate: Iren deployed its mining power effectively. Increased BTC Production: More Bitcoin was successfully mined by Iren. Optimized Fleet Utilization: Their machines worked smarter, not just harder. Understanding the Surging Bitcoin Hashrate: What Does 900 EH/s Mean? Iren’s ascent comes at a time when the entire Bitcoin network is experiencing unprecedented growth. For the first time ever, the network’s collective hashrate soared past 900 exahashes per second (EH/s). But what exactly does this staggering number mean for crypto mining ? Hashrate is a measure of the total computational power being used to process transactions and mine new Bitcoin. A higher Bitcoin hashrate signifies increased network security and more participants vying for block rewards. It essentially means the network is stronger and more robust than ever before. This surge indicates a massive influx of new mining hardware and increased investment in the sector. Consequently, the difficulty of mining Bitcoin also rises, making it harder for individual miners to secure rewards unless they are highly efficient and well-resourced, like Iren. Navigating Intense Mining Competition: Challenges and Opportunities The milestone of 900 EH/s underscores the escalating mining competition within the Bitcoin ecosystem. While a robust network is beneficial for security, it presents significant challenges for miners. Companies must constantly upgrade their hardware, optimize energy consumption, and manage operational costs meticulously to remain profitable. For smaller miners, this environment can be particularly harsh. However, this intense competition also fosters innovation. Companies like Iren are compelled to develop cutting-edge strategies and deploy the most efficient technologies. Their success demonstrates that strategic planning and operational excellence are paramount. This dynamic landscape rewards those who can adapt quickly and execute flawlessly. Beyond July: What’s Next for Iren and Bitcoin Hashrate Trends? Iren’s performance in July sets a new benchmark, but the question remains: can they maintain this lead? The Bitcoin hashrate continues to fluctuate, influenced by factors like Bitcoin’s price, energy costs, and the availability of new mining rigs. The ongoing expansion of the network means that every miner, including Iren, must continuously innovate and scale to stay competitive. This relentless pursuit of efficiency is a defining characteristic of the modern Bitcoin mining industry. Looking ahead, observers will be keen to see how Iren solidifies its position and how other major players like Marathon Digital respond. The landscape of crypto mining is always evolving, promising more shifts and strategic plays in the months to come. Iren Limited’s breakthrough performance in July, leading the Bitcoin mining sector by hashrate and efficiency, marks a pivotal moment. Their success amidst a surging network hashrate highlights the increasing intensity and sophistication of mining competition . This achievement not only redefines industry leadership but also underscores the critical importance of operational efficiency and strategic innovation in the ever-evolving world of cryptocurrency. As the network continues to grow, the race for supremacy in Bitcoin mining remains as compelling as ever. Frequently Asked Questions (FAQs) 1. What was Iren Limited’s significant achievement in July? Iren Limited became the leading Bitcoin miner by hashrate in July, successfully outperforming Marathon Digital (MARA) in both Bitcoin production and fleet utilization. This marked a significant shift in the competitive landscape of Bitcoin mining . 2. How did Iren surpass Marathon Digital in Bitcoin production? Iren achieved this by demonstrating superior operational efficiency and fleet utilization. This means their mining equipment was running more effectively and producing more Bitcoin relative to their deployed hashrate compared to Marathon Digital. 3. What is the significance of the Bitcoin network hashrate surpassing 900 EH/s? The network hashrate reaching 900 EH/s indicates a massive increase in the total computational power dedicated to securing the Bitcoin network. This signifies enhanced network security, but also intensified mining competition , as more participants are vying for block rewards. 4. What are the primary challenges faced by Bitcoin miners today? Today’s Bitcoin miners face challenges such as rapidly increasing network difficulty, the need for continuous hardware upgrades, high energy costs, and the relentless pressure of mining competition . Operational efficiency and strategic resource management are crucial for survival and profitability. 5. Will Iren maintain its leading position in Bitcoin mining? Maintaining a leading position in Bitcoin mining is an ongoing challenge due to the dynamic nature of the industry. Factors like energy prices, new hardware releases, and changes in Bitcoin’s price can all impact profitability and ranking. Iren’s ability to innovate and adapt will be key to its sustained success. Did you find this deep dive into Iren’s remarkable ascent in Bitcoin mining insightful? Share this article with your network and spark a conversation about the evolving landscape of crypto mining! To learn more about the latest Bitcoin mining trends, explore our article on key developments shaping Bitcoin’s institutional adoption. This post Iren’s Astounding Ascent: Dominating Bitcoin Mining in July first appeared on BitcoinWorld and is written by Editorial Team
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XRP is currently locked in a tight consolidation range just beneath a critical resistance level, setting the stage for a potentially explosive breakout. As of report time, XRP is trading around $3.01 after briefly reclaiming the psychologically important $3.00 zone earlier in the day. This move comes after a series of failed attempts to break through the $2.96 level, identified by analyst CasiTrades as the 0.382 Fibonacci retracement mark, which has acted as a firm ceiling for over 20 hours. Key Levels Driving Market Sentiment The market is coiling tightly between $2.915 and $2.96. The lower boundary at $2.915 corresponds with the 0.5 Fibonacci retracement from XRP’s recent low at $2.72. According to CasiTrades, this support has proven resilient, with buyers stepping in repeatedly to defend it. XRP Approaching Breakout – What to Watch For! $XRP is currently hovering just below the key $2.96 level. The .382 Fibonacci retracement. For about 20 hours, this level has been strong resistance, capping all bullish attempts. Local support is at $2.915, which marks the… pic.twitter.com/Kli21RvZSA — CasiTrades (@CasiTrades) August 6, 2025 Structurally, there has been no breakdown in price action . Instead, the chart continues to suggest that the market is consolidating just under resistance, building momentum for what could be a sharp upside move. Importantly, short-term charts are still printing bullish divergence on the RSI. This indicates that, despite a minor lower low, sellers are losing strength and a new downtrend is not yet forming. The RSI signal, coupled with strong support at the .5 retracement, suggests that bullish energy is accumulating. The $2.96 resistance level has thus become the fulcrum of attention. A confirmed breakout above this line, particularly if retested and held as support, would be a strong technical signal that the bulls have regained control. Momentum Building Ahead of Key Breakout Zones If $2.96 is reclaimed and flipped to support, traders and analysts alike will turn their focus to the next upside targets—$3.21 and $3.41. These levels represent historical resistance and Fibonacci extension areas from previous impulse legs. A clean break of these points could open the door to higher targets, with $3.65 and even $4.40 seen as potential medium-term objectives, especially if ETF narratives and broader market sentiment continue to turn in XRP’s favor. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Adding to the bullish case is the broader context of strong whale accumulation and reduced exchange inflows, signaling long-term confidence among large holders. Over the past month, XRP has gained nearly 35%, supported by legal clarity surrounding Ripple’s operations and increasing speculation around institutional interest, particularly following SBI Japan’s recent filing for an ETF that includes XRP exposure. The Moment of Truth Despite the bullish momentum, the market remains at a decision point. Failure to reclaim $2.96 would likely result in more range-bound trading, and a breakdown below $2.915 could expose the token to further retracement towards $2.80 and $2.65. These lower zones align with key volume-weighted average price (VWAP) levels and longer-term trend support, making them critical to maintaining XRP’s broader bullish structure. XRP’s price is approaching a crucial inflection point. The market has consolidated within a narrow range, with bulls defending support and repeatedly testing resistance. According to CasiTrades, all signs point to a potential breakout if $2.96 can be reclaimed and held. With bullish RSI divergence, structural integrity, and growing institutional interest , XRP’s next move could define the direction of its next major leg. For now, all eyes remain on whether the bulls can flip resistance into support and ignite the rally toward the next key levels at $3.21 and $3.41. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Approaching Breakout. Here’s What to Watch For appeared first on Times Tabloid .
The staunch crypto critic has once again challenged her colleagues in the SEC’s Division of Corporation Finance on their favorable guidance on liquid staking. Crenshaw Pushes Back on SEC’s Liquid Staking Guidance Commissioner Caroline Crenshaw of the U.S. Securities and Exchange Commission (SEC), who Coinbase CEO Brian Armstrong once called “a failure,” has once again
In the wake of recent regulatory shifts under President Donald Trump’s pro-crypto administration, Bitcoin Treasury companies have surged to prominence in the cryptocurrency landscape. Inspired by Michael Saylor’s Bitcoin proxy firm, Strategy (formerly MicroStrategy), both publicly traded and private firms have increasingly adopted this approach. As of now, Strategy is the public company with the largest Bitcoin stash, with over 600,000 coins. However, not all industry experts share an optimistic outlook. Mike Novogratz, CEO of Galaxy Digital, recently suggested that the peak of treasury company issuance may already be behind. Challenges Ahead For New Bitcoin And Crypto Treasury Entrants During Galaxy Digital’s second-quarter earnings call, Galaxy Digital CEO stated , “We’ve probably gone through peak treasury company issuance,” raising questions about the future landscape of these firms. Novogratz, who took its company public back in May in the US, emphasized that attention should now shift to which existing companies could emerge as significant players in the market. Highlighting the growth of Ethereum, the market’s second-largest cryptocurrency, Novogratz pointed to two major treasury holders: Tom Lee’s BitMine and Joe Lubin’s SharpLink. BitMine Immersion Technologies, for instance, has made headlines with its substantial ETH holdings, which recently surpassed $2.9 billion. As of August 3rd, BitMine reported a total of 833,137 ETH, valued at approximately $3,491.86 per token, making it the largest Ethereum treasury globally and the third largest crypto treasury overall. Thomas Lee, Chairman of BitMine’s Board of Directors, noted the firm’s rapid ascent in the crypto space, stating, “BitMine moved with lightning speed in its pursuit of the ‘alchemy of 5%’.” In parallel, SharpLink Gaming has also made significant strides in Ethereum accumulation, purchasing an additional 83,561 ETH for $303.7 million between July 28 and August 3. This acquisition raised SharpLink’s total ETH holdings to 521,939 tokens, valued at over $1.9 billion. The firm successfully raised $264.5 million from the sale of 13.6 million shares, following a prior raise of $279.2 million the week before. SharpLink has also reported a notable increase in its ETH Concentration metric, which rose by 7.6% week-over-week and an impressive 83% since June. Novogratz anticipates that these firms will continue to expand, although he cautioned that new entrants might face significant challenges in gaining traction in an increasingly competitive environment. Galaxy Digital’s $2 Billion Crypto Treasury Galaxy Digital has positioned itself as a key player in this emerging sector, collaborating with over 20 crypto treasury investment firms . This network has contributed approximately $2 billion in assets to Galaxy’s platform, generating recurring income that Novogratz describes as sustainable. Despite the growing interest in crypto treasury companies fueled by a more favorable regulatory climate in the US, Novogratz’s cautionary perspective raises important questions about the sustainability of this trend. While pro-crypto legislation continues to evolve, fostering a wave of bullish sentiment, the market has also recently experienced price corrections following earlier rallies. This is also an important topic as experts have cautioned that substantial corrections in crypto prices could pose additional challenges for Bitcoin and crypto treasury companies. Featured image from DALL-E, chart from TradingView.com
Roman Storm's trial verdict leaves the door open for US prosecutors to retry the Tornado Cash developer, attorneys said.
Cryptocurrency analyst Fred Krueger made remarkable predictions about the future of the market in a statement on his social media account. Drawing attention to the long-term potential of Bitcoin, Krueger also shared his views on Ethereum and Solana. Krueger noted that Ethereum's market capitalization is one-fifth that of Bitcoin, adding, “It's possible that Ethereum could perform as well as Bitcoin or even surpass it in the next 12 months.” However, he added that Solana, despite having a smaller market capitalization (one-25th that of Bitcoin), has a stronger active user base than ETH. Related News: Details About Ripple-South Korea Partnership Revealed - Ripple Asia President Makes Statement The analyst stated that Bitcoin has a “clear roadmap” to reach $1 million and that he will stick to his strategy in this area. Krueger, taking a more reserved stance on ETH, said, “I don't necessarily have an opinion on Ethereum.” Krueger, who thinks that Solana will stand out especially when it comes to the mass adoption of stablecoins, said: “When stablecoins truly become mainstream, it will be on Solana, not ETH. No one uses MetaMask to switch between Ethereum layer 2s to get coffee at Starbucks. But I can see them using Solana with USDC.” *This is not investment advice. Continue Reading: Bitcoin Bull Economist Compares Solana and Ethereum: Reveals Which One Is Better
Despite the recent Bitcoin (BTC) price correction after a significant rally that propelled the cryptocurrency to a record high of $123,000, some analysts remain optimistic about the potential for a renewed bull run. However, one expert has raised a concerning warning that could signal the end of this bullish cycle. Fears Of Mass Sell-Off According to market expert OxArtikal’s thesis shared on social media platform X (formerly Twitter), Michael Saylor’s Strategy (previously MicroStrategy), the largest corporate holder of Bitcoin, is reportedly planning to sell all of its Bitcoin holdings by 2025. This revelation comes amid movements of their substantial Bitcoin reserves to different wallets, raising alarms about the potential implications for the market. Related Reading: XRP Soars 35% in a Month: Will Ripple’s Legal Win and Whale Activity Send Price to New Highs? Strategy currently controls over 628,000 BTC, representing more than 3% of Bitcoin’s total circulating supply. For context, the collapse of FTX, which held approximately 20,000 BTC, triggered a significant downturn in the market. The expert believes that the potential sale of Strategy’s Bitcoin holdings could have a dramatically larger impact, estimated to be 30 times more severe. Notably, Saylor has long maintained that Strategy would never sell its Bitcoin. However, the expert identified that in late June, the company quietly transferred 7,382 BTC—valued at nearly $800 million—out of its wallets and into three new wallets with no prior transaction history. This Bitcoin was subsequently sent to Coinbase Prime, a sell-side custodian, without any public announcement or clarification during the company’s Q2 earnings report. If Strategy were to liquidate even a small portion of its holdings, the psychological ramifications could be profound, OxArtikal further stated. He shared that this could lead to a mass sell-off, while institutional investors could reconsider their BTC allocations. Bitcoin Could Crash Below $70,000 Historically, Strategy’s actions have coincided with significant market shifts. In 2022, the company transferred 34,000 BTC to secure a loan, shortly before a major market crash. Now, as they appear to be moving substantial amounts of Bitcoin again, the expert fears that a similar scenario could unfold. OxArtikal asserts that sell-off by Strategy could potentially drive the price below $70,000 within days, undermining the retail comeback and deterring new investors who view Bitcoin as a long-term safe haven. Related Reading: Bitcoin Stuck In Macro Purgatory—Top Analyst Says Q4 Or Bust While it is not confirmed that Saylor will sell his holdings, the signs are troubling: the recent wallet movements, the involvement of Coinbase Prime, and a lack of transparency during earnings calls all point to a potential shift in strategy. If Strategy were to exit the Bitcoin market, the expert claims that it wouldn’t merely result in a correction; it could trigger a market-wide reset, erasing years of built-up trust and confidence in Bitcoin as “digital gold.” Featured image from DALL-E, chart from TradingView.com
After crashing in recent weeks, the Dogecoin price may be nearing the end of its bearish cycle as historical chart patterns suggest a renewed bullish setup on multiple timeframes. Despite the downturn, a crypto analyst has indicated that the meme coin, which is hovering around $0.2, could be poised to skyrocket toward a new all-time high of $5. Dogecoin Price Roadmap To $5 In an X social media post on August 4, renowned market expert ‘CryptoELITES’ painted an ultra-bullish picture for the Dogecoin price. The analyst believes that DOGE could be on track for its next major bullish target, forecasting a powerful rally toward $5. This optimistic outlook comes despite the meme coin crashing over 10% this week and extending its downward trend. Related Reading: Historical Data Predicts Dogecoin Price Crash In August — But There’s A Silver Lining Based on CryptoELITES’ analysis, Dogecoin could soon end this downward spiral and launch into a fresh upward trend. The analyst’s accompanying chart visualizes a compelling long-term bullish pattern for the meme coin. Over the past few years, Dogecoin has followed a consistent structure of descending triangle formations, each of which resolved in explosive upside breakouts. Each descending triangle seen on the chart occurred during past bull market cycles. The pattern starts with a sharp rally, followed by a prolonged period of consolidation marked by a series of lower highs and relatively equal lows. Once price compression reaches a tipping point, Dogecoin historically breaks out violently to the upside. This trend has repeated multiple times over the years, with every breakout pushing the meme coin’s price to an even higher level than the last. According to the latest chart formation, Dogecoin has once again formed a descending triangle, but this time after a consolidation post-2021 bull run highs. The price is now hovering just above the breakout zone, which is historically where previous rallies ignited. CryptoELITES’ has marked this region with a circle, suggesting possible accumulation. If past patterns repeat, Dogecoin could enter a vertical growth phase, potentially targeting the marked area on the chart around $5.14. Dogecoin Short-Term Reversal In Play For Dogecoin’s short-term outlook, crypto market analyst James Bull shared an analysis on X, outlining the meme coin’s immediate bullish target in the wake of its recent crash. Bull notes that Dogecoin is currently hovering around a critical support level at $0.19538. After experiencing a sharp drop from former highs, DOGE has now retraced to this historically strong support zone, which previously acted as a key pivot point. Related Reading: Dogecoin Could See Bullish Continuation If It Reclaims This Level The expert’s analysis suggests a bullish trade setup with a potential long position targeting $0.27144. A clear stop-loss has been placed just below the support zone, creating a potentially favorable risk-reward ratio for traders. If buyers can defend this support level and push the meme coin’s price upward, it could confirm the analyst’s short-term reversal theory and possibly signal the beginning of a larger uptrend. Featured image from iStock, chart from Tradingview.com
Cryptocurrency enthusiasts and investors have a new name to watch, Ruvi AI (RUVI) . With a bulletproof foundation of transparency and utility, this AI-powered project is captivating the market and gaining buzz as a potential 100x token , reminiscent of Ripple’s massive rally in earlier years. Ruvi AI recently achieved two major milestones that solidify its market positioning, a successful audit by CyberScope and its high-profile listing on CoinMarketCap (CMC) . Combined with its fast-moving presale, where over $2.7 million has been raised and 215 million tokens sold , analysts are forecasting Ruvi AI’s meteoric rise as one of the top crypto opportunities of 2025. Adding to its appeal, Ruvi AI empowers content creators with its revolutionary AI-powered super app , designed to streamline every aspect of the creation process. With the presale’s Phase 2 nearing 80% completion and a 33% price increase on the horizon , time is running out to grab tokens at their current price of $0.015 . CoinMarketCap Listing Drives Unprecedented Momentum Earning a CoinMarketCap listing is a rare and coveted achievement for emerging cryptocurrencies. Ruvi AI now shares the platform with some of the biggest names in the crypto space, and the impact on its presale has been nothing short of remarkable. CMC’s reputation as the leading aggregator for crypto data has injected credibility and global visibility into Ruvi AI’s offering. Key Metrics After CMC Listing 215 million tokens sold , underscoring strong market demand. Over $2.7 million raised from investors worldwide. An active community of more than 2,600 token holders and growing . This rapid uptake demonstrates confidence in Ruvi AI’s project architecture and long-term potential, placing it on an accelerated trajectory similar to Ripple’s early days. Why Ruvi AI’s Super App Is a Game-Changer Unlike many tokens that depend purely on speculation, Ruvi AI delivers real-world utility with its innovative super app . Tailored for the $100 billion creator economy , the app offers solutions that revolutionize how content creators, influencers, and marketers work. Key Features of Ruvi AI’s Super App 1. Real-Time Trendspotting Ruvi AI uses advanced AI to help creators identify emerging trends quickly, allowing them to align content with audience preferences and market interests. 2. Content Automation Forget hours of manual work. The super app can generate blog posts, social captions, and video scripts in minutes with its AI-powered tools , boosting both efficiency and creativity. 3. All-in-One Ecosystem From generating AI-enhanced visuals to editing and publishing videos, this app consolidates creative workflows, eliminating the need for multiple expensive tools. By solving real problems for creatives, Ruvi AI is driving a sustainable demand for its token and creating a loyal user base. Simplifying Trading Through WEEX Exchange To ensure global accessibility and seamless trading, Ruvi AI has partnered with WEEX , a top-tier cryptocurrency exchange. This strategic collaboration streamlines token transactions and extends Ruvi AI’s reach to investors worldwide. Key Benefits for Token Holders Worldwide Accessibility: RUVI tokens are available for trading in multiple regions. Beginner-Friendly Platform: WEEX’s intuitive interface caters to traders of all experience levels. High Liquidity: Trading remains smooth even during high demand. This partnership strengthens Ruvi AI’s standing as a project ready for international adoption. Maximize Returns With Exclusive VIP Tiers For early adopters, Ruvi AI’s VIP presale tiers offer unparalleled ROI potential, ensuring substantial rewards for those who secure their stake early. ROI Breakdown for VIP Tiers VIP 2 ($750 Investment): Receive 50,000 tokens , paired with a 40% bonus (20,000 tokens) , for a total of 70,000 tokens. At $1/token, this earns an ROI of 9,233% . VIP 3 ($1,500 Investment): Collect 100,000 tokens , with a 60% bonus (60,000 tokens) , for a total of 160,000 tokens. If RUVI reaches $1, the ROI jumps to 10,566% . VIP 5 ($7,500 Investment): Secure 500,000 tokens , matched with a 100% bonus (500,000 tokens) , totaling 1 million tokens. This translates to an ROI of 13,200% at $1/token. Additionally, top contributors can earn leaderboard rewards with bonuses of up to 500,000 tokens , further enhancing their earnings potential. Don’t Miss the Price Surge Time is running out to purchase RUVI tokens at the current presale price of $0.015 . With Phase 2 nearing 80% completion , the price will rise by 33% to $0.020 per token , leaving latecomers to invest at a higher entry point. For investors looking to maximize their returns, early participation is critical. Built on Trust and Security Ruvi AI has set itself apart with its dedication to transparency and security, a fact that was validated through its successful CyberScope audit . This assessment guarantees the dependability of both its blockchain technology and its investor protections. Security Highlights Tamper-Proof Smart Contracts: Safeguard funds from vulnerabilities. Blockchain Transparency: Guarantees traceability and accountability. This foundation of trust makes Ruvi AI a standout project for long-term investors. Final Thoughts Ruvi AI is rewriting the rules for high-potential cryptocurrencies, merging real-world utility, market credibility, and explosive growth prospects into one compelling package. Its presale success, industry-leading partnerships, and AI-driven innovation signal that it could follow Ripple’s legendary 100x rally. Don’t wait, secure your RUVI tokens today at $0.015 before the price jumps to $0.020. This is your chance to be part of the next major crypto success story! Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Ruvi AI (RUVI) Just Passed Audit and Secured CoinMarketCap Listing, Experts Say Its Fast-Moving Presale Could Repeat Ripple’s (XRP) 100x Rally appeared first on Times Tabloid .