This weeks mining data highlights: Bitcoin price hits a new high; Canggu holds its second shareholders meeting to focus on computing power + energy

By: odaily.com|2025/07/18 12:11:44
0
Share
copy

Odaily News Week 29, 2025 (July 11-July 17):
1. According to cloverpool, the average computing power of the entire Bitcoin network is 895 EH/s, the highest is 1029 EH/s, and the lowest is 822 EH/s, which is a decrease of 2.38% from the average computing power last week (917 EH/s).
2. According to cloverpool, the block height is 905,184 and the block time is 12:42:34 on July 12. The average block time is 10 minutes and 8 seconds. The mining difficulty is 126.27 T, which is 7.96% higher than the previous adjustment cycle.
3. According to blockchain.com, the average price of Bitcoin was $118,068, with a maximum of $113,231 and a minimum of $115,212, up 8.22% from last weeks average price ($109,096).
4. Mining news worth noting include:
(1) Cangu held its second special shareholders meeting to complete the transformation of Bitcoin assets and go all in on the strategic direction of “computing power + energy”;
(2) Antalpha, a Bitcoin mining ecosystem financial technology platform, announced the appointment of Derar Islim as Chief Operating Officer (COO) and CEO of the Americas and EMEA regions;
(3) France plans to use surplus nuclear power for Bitcoin mining;
(4) Kazakhstan hopes to establish a national crypto asset reserve to store confiscated digital assets. If companies mine on behalf of the state, some assets can be included in the reserve through taxation or other means;
(5) BTC Digital strategically shifted to Ethereum and no longer held Bitcoin, and completed a $6 million financing.
Data partner: Cango Inc. (CANG), a Bitcoin mining company listed on the New York Stock Exchange.

-- Price

--

You may also like

ZachXBT: Humanity private key leak and abnormal surge in H token should be viewed separately

On June 9, according to related disclosures, on-chain investigator ZachXBT posted an update on Humanity’s roughly $31 million security incident, saying that after further analyzing fund flows, he currently tends to believe the project team was not involved in an “inside job” or a self-staged attack. According to him, the official explanation about the private key leak was broadly accurate, but before the token unlock, the price of H had been artificially pushed higher, and the hacker later took advantage of that market environment; therefore, the private key leak and the earlier abnormal price pumping should be regarded as two separate and independent events. This reframing has shifted the market’s understanding of the nature of the incident. Earlier discussion around Humanity had focused on whether the team directly participated in the attack or used the security incident to cover up internal operations. ZachXBT’s latest remarks shift the focus from “whether it was self-theft” to “whether there were pre-unlock market structure issues.” He also questioned whether the team may have.

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Overview of Important Market Events on June 9th

Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market

Overview of Important Market Events on June 8th

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle

In-depth analysis of the "reflexivity" bubble trap in storage stocks: Beware of the backlash from the bullwhip effect and the false narrative of high growth; do not let the short-term myth of wealth become a wealth abyss that cannot be recovered for 25 years.

Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."

The major reshuffle has just begun.

$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage

Despite the accelerated migration of Korean funds from cryptocurrency to the stock market, the Korean market remains an important barometer for global cryptocurrency retail liquidity and recovery turning points.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com