HIVE Digital, a subsidiary of a Bitcoin mining firm, has secured a $220 million GPU cloud contract.
On June 18, Bitcoin mining firm HIVE Digital announced that its fully owned subsidiary BUZZ HPC has entered into a sovereign AI infrastructure partnership with Bell Canada and Cohere. The three parties signed a three-year GPU cloud contract totaling $220 million, as disclosed in the announcement. Separately, BUZZ HPC will procure a GB200 NVL72 rack-level system consisting of 2,304 NVIDIA Grace Blackwell GPUs. This AI cluster will provide computing power support for Cohere’s foundational models and enterprise AI applications.
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Trust Wallet is excited to announce the SPCXB Trading Battle, with a prize pool of $100,000, where users can compete without any transaction fees to easily climb the leaderboard.
June 18 — Trust Wallet officially launched the $SPCXB Trading Tournament, a two-week event with a total prize pool of $100,000. Users trading SPCXB (SpaceX’s bStock tokenized U.S. stock) through Trust Wallet will enjoy perks like zero trading fees, zero gas fees, and eligibility to split the $100k reward pool.
SPCXB is a tokenized security issued by bStocks, with every unit fully backed 1:1 by actual SpaceX stock held by a regulated custodian. Holders of SPCXB can trade it 24/7, track SpaceX’s stock price fluctuations, claim dividend distributions, and access the full DeFi ecosystem on the BNB Chain. Trust Wallet is the first wallet to support bStocks, and it already backs other popular bStocks tokens like $NVDAB and $TSLAB.
During the tournament, users accumulate trading volume by swapping $SPCXB; hitting at least $500 in volume qualifies them for rewards. The top 200 users on the leaderboard will earn fixed, substantial prizes—with the highest individual reward standing at $6,000.
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Analysis: Binance's current funding rate is significantly below the market median, indicating retail traders are aggressively buying.
June 18: CryptoQuant analyst Crazzyblockk reports Binance’s current funding rate is 370 basis points below the median across three major exchanges, placing it in the bottom 2.8% of all readings since 2021. As the dominant venue for Bitcoin (BTC) perpetual contract trading, Binance’s structured short positions are significantly larger than the combined total of OKX and Bybit—a rare scenario that signals deeply bearish pricing from the exchange, with its structured shorts far outpacing those of other centralized crypto exchanges (CEX).
Additionally, Crazzyblockk noted a recent sharp reversal in the Retail Aggressive Buying Index (TBSAI): it has surged from -1.85σ to +0.81σ, a 2.66σ jump over 30 days. This indicates retail traders are aggressively buying the dip, while selling pressure stems primarily from whales (the Institutional Whale Capital Ratio, IWCR, shows large holders are in continuous net outflow), creating a classic divergence between retail buying and whale distribution. Cur
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The Cyberspace Administration of China Solicits Public Comments on Regulations to Promote Interoperable and Interconnected Distributed Digital Identity Applications
On June 18, the Cyberspace Administration of China (CAC) released a public consultation notice for the *Regulations on Promoting Interconnection and Mutual Recognition of Distributed Digital Identities (Draft for Comments)*, aiming to advance the innovative development of distributed digital identities and their interoperable applications.
This initiative is set to support the construction of basic interoperable service capabilities for China’s national blockchain network, and facilitate cross-platform interoperability and mutual recognition of digital identities across various sectors of the national economy and social development.
The regulations define a distributed digital identity as a new type of digital identity built on distributed technologies like blockchain, which allows users to autonomously manage their identity information. It consists of an identifier, a key, a verifiable credential, and a verifiable claim, and can be used in scenarios such as digital account managemen
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Hyperliquid Ecosystem Fund and Treasury Company collectively hold 25% of the circulating HYPE tokens
Flash Alert (June 18): Per public data, HYPE Treasury’s Hyperliquid Strategies holds 9.31% of all circulating HYPE tokens (valued at $2 billion) and accounts for 2.78% of HYPE’s total supply. When adding the Hyperliquid Ecosystem Fund to the calculation, their combined holdings rise to 7.3% of HYPE’s total supply (worth $5.3 billion) and 25.5% of its circulating tokens.
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