⚒️ Hashrate ShyZE, Sub 10 J/TH Era and 93% of Bitcoin Is Mined… Is the Clock Ticking on Cheap Sats?

🕒 Release W22’25 | 899,230 | Globally 0.93 ZH; Sub-10 J/TH; Trump Fam Flex $2.5B Stack; 7 Nations Hold $54.8B BTC; 222 BTC Active 14 Years Later; $4B Cross-Chain Lending; Pakistan Eyes 2 GW for BTC

👀 TLDR 🪟

• Bitmain unveils efficient Antminer S23 Hydro; mining stocks dropped amid rising costs; 93.3% of Bitcoin mined; miner revenues reached $51.6M daily; exchange inflows doubled after Bitcoin’s high; global hashrate passed 0.9 ZH/s, led by the US, Russia, China, and Canada.

• Pakistan allocates 2,000 MW for Bitcoin mining; MARA nears 50 EH/s; HIVE hits 10 EH/s; Green Flare plans 53 MW flare-gas mine; 

• Trump Media raised $2.32B to build a top U.S. Bitcoin treasury; Don Trump Jr. revealed $2.5B Bitcoin holdings; GameStop bought 4,710 BTC for $513M; Paris Saint-Germain holds Bitcoin treasury; Cantor Fitzgerald plans Bitcoin fund with gold-backed protection; Bo Hines calls US a Bitcoin superpower; NYC to launch Bit Bond integrating Bitcoin; Panama City mayor supports Bitcoin payments; Strive raised $750M for Bitcoin strategy; K33 raised $6.2M to buy Bitcoin and expand services; Panama bank to launch Bitcoin savings; Pakistan unveils Bitcoin reserve; El Salvador keeps buying despite IMF limits; Thailand to block unlicensed exchanges June 28; Reform UK accepts Bitcoin donations; SEC drops Binance lawsuit; Russia allows crypto banking for accredited investors; Kazakhstanlans CryptoCity pilot; Polish candidate backs Bitcoin; India to unveil crypto rules in June; Bank of England may buy Bitcoin after tax cuts; VanEck suggests miner royalties for US reserve; VP JD Vance backs Bitcoin as digital gold.

• Jippi launched Bitcoin AR game at Bitcoin 2025; Exodus launched XO Pay for easy Bitcoin buying; Bitcoin Well enables Bitcoin buying via Nostr DMs; Cowbolt makes Bitcoin everyday money; Cake Wallet’s PayJoin v2 improves private transactions; Asigna raised $3M, launched Multisig v2; Arkham found $7.6B hidden Bitcoin wallets; Bitlux launched Bitcoin Jet Cards; Steak ‘n Shake reports Bitcoin payment growth; Liquidium launched $4B cross-chain Bitcoin lending; GOAT Network offers 10% APY Bitcoin yields; Human Rights Foundation donated 8 BTC to global projects; Lyn Ulbricht launched MACS against harsh prison terms; Block to add Bitcoin payments on Square by 2026; Russian arrested for $730K crypto robbery; Metaplanet raised $135.2M and issued $21M bonds for Bitcoin buying; dormant 2011 wallets moved 222 BTC.

• Meta rejected Bitcoin; James Wynn started $50M long; US proposes CLARITY Act; BlackRock boosted Bitcoin ETF holdings despite $347M outflows elsewhere.

• As mining technology advances and hashrate climbs, how will Bitcoin’s security and decentralization evolve?

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✨ Hash & Cash Index 🚀

For this week’s Hash & Cash Index, BTC price settles at $104,474, marking a 4.05% decrease from last week, slightly underperforming the broader market. Market cap has adjusted slightly above $1T , settling at $ 1.939 (-4.01% WoW). Hashprice sit at $52.16 USD/PH/day, a 8.23% decrease. The global hashrate is currently 932.65 EH/s, rises 3.37% from last week. The current epoch’s difficulty sits at 126.98T. We’re at block 125 of 2016 for this epoch. Rewards settles to 3.16 BTC per block. Fees in blocks settles to 0.97% showing a decrease of 16.38%. The average block time is 8 minutes and 35 seconds. Source: Hashrate Index, Mempool, ONMINE.

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🪄 Pool Power Tools 🎱

This week’s Pool reward index settles to 106.55%, a 4.07% increase from last week with 18 active pools chipping away 1074 blocks. The total miner reward over the last 144 blocks contracted to 455.03BTC, a 0.03% decrease from last week, the dollar valuation of this rewards settles at $47M (-4.18% WoW). Average block fees are equal to 0.0349BTC/block, decreasing 2.79% Wow and estimated at $3,644 per block. Transaction fee per Network transaction equate to 1.7k sats per transaction, costing around $1.78 per transaction on the Bitcoin network over the last 144 block.. Source: Mempool, ONMINE

In this week’s 1008 block mining pool race, Foundry USA remains at the forefront, with a total reported hashrate of 301.62 EH/S, clinching 350 blocks. ANTPOOL continues to challenge, harvesting 218 blocks with 189.11 EH/S. F2Pool and ViaBTC are neck and neck in the hashrate hustle, grabbing 99 and 117 blocks, respectively. Luxor staying in the top ranks, with a hashrate of 34.70 EH/S and manages to secure 40 blocks over the last week. Source: Mempool, ONMINE.

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🧰 Hard-Ware & Hosting Index ⚙

🟠 As of May 2025, 93.3% of all Bitcoin has been mined, leaving about 1.4 million BTC to be issued gradually until 2140.

🇵🇰 Pakistan is allocating 2,000 MW to Bitcoin mining to attract investment and use surplus power.

⚒️ MARA is set to surpass 50 EH/s in realized hashrate this month, intensifying mining pressure as rivals pause expansion.

⚡ HIVE Digital hits 10 EH/s Bitcoin mining and $20M GPU cloud revenue early.

🔥 Green Flare plans a 53 MW Bitcoin mine in Nigeria using flare gas, aiming to cut emissions and power rural areas.

📉 Publicly traded Bitcoin mining stocks dropped broadly this week amid rising costs and investor caution.

Galaxy Digital Holdings, the largest by market cap at $6.64 billion, saw its shares fall 11.33% today and 14.11% over the past five sessions, despite a 10.13% gain year to date. Bitcoin miner MARA Holdings, valued at $5.32 billion, dropped 8% on Wednesday and is down nearly 10% year to date. Source: bitcoinminingstock.io

⛏️ Bitmain unveils its most powerful and efficient miner yet, the Antminer S23 Hydro, delivering 580 TH/s at 9.5 J/TH as miners seek higher performance amid rising difficulty and lower rewards.

The Antminer S23 lineup includes hydro, immersion, and air-cooled models, offering up to 580 TH/s with as low as 9.5 J/TH efficiency, with shipments commencing in January 2026.

🌟 If you are interested in hosting or purchasing ASICs please use this link to see how much more BTC you can mine and less USD to spend. Fill out this survey so we can beat the halving together or email info@onmine.io.

🔆 Join more than 1,000 miners and upgrade your Bitcoin Mining Game here:

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🏦 Bitcoin Products 🔍

🚀 Trump Media raises $2.32B to build one of the largest corporate Bitcoin treasuries, becoming a top public Bitcoin holder in the U.S.

🧑‍💼 Don Trump Jr. reveals $2.5B Bitcoin treasury and key partnerships, calling Bitcoin the future of finance.

🎮 GameStop adds 4,710 BTC, spending $513M, boosting corporate Bitcoin adoption.

⚽ Paris Saint-Germain becomes the first major sports club to hold Bitcoin in its treasury.

🏦 Cantor Fitzgerald to launch Bitcoin fund with gold-backed downside protection.

🇺🇸 Bo Hines says the U.S. is becoming the world’s Bitcoin superpower with new laws and strong support.

🏙️ NYC Mayor Adams to launch Bit Bond and make Bitcoin part of city services.

🚢 Panama City mayor proposes faster canal access for ships paying in Bitcoin.

💼 Strive raised $750M for a high-return Bitcoin strategy targeting distressed assets and could double that to $1.5B.

🎮 Jippi launched a Pokémon GO-style AR game at Bitcoin 2025, engaging 30,000 attendees with Bitcoin education and rewards.

💳 Exodus launches XO Pay for easy in-app Bitcoin buying with full user control.

⚡ Bitcoin Well lets US users buy Bitcoin via Nostr DMs, sending BTC instantly to their Lightning Wallet for privacy and ease.

⚡Cowbolt debuts to make Bitcoin everyday money among friends and family.

🔒Cake Wallet’s PayJoin v2 enables easy, private Bitcoin transactions without servers or setup.

💰 Asigna raises $3M and launches Multisig v2 with dev tools to boost secure Bitcoin app integration.

🕵️‍♂️ Arkham claims it uncovered $7.6B in hidden Bitcoin wallets linked to Strategy, challenging Saylor’s stance on wallet privacy.

✈️ Bitlux launches Jet Cards accepting Bitcoin, offering luxury flights with crypto payments.

 🍔 Steak ‘n Shake reports Bitcoin payment surge, slashed fees, and eyes more blockchain upgrades.

💸 Liquidium launches cross-chain Bitcoin lending to unlock $4B in DeFi.

The Bitcoin Treasury Index for this week steady reflecting a stable grip on holdings, with 78 companies increasing their trove to precisely 2,988,574.19 BTC. Government also join the bitcoin standard with 7 countries holding 527,259.0 BTC. The value locked in these treasuries for Companies and Government tells a different story swelling to a robust $310.81B and $54.83B, respectively. A total of 14.231% all Bitcoins are held in corporate treasuries, while government holds 2.511 % of all Bitcoins, reinforcing the sentiment of a consolidating market among institutional & Government participants. Source: NewHedge, ONMINE.

🇵🇰 Pakistan unveils a Bitcoin reserve, reversing its anti-crypto stance.

🇸🇻 El Salvador defies IMF, keeps buying Bitcoin despite loan deal limits.

🇹🇭 Thailand will block Bybit, OKX, 1000X, CoinEx, and XT.COM on June 28 for unlicensed operations and money-laundering concerns.

🗳️ Reform UK now accepts Bitcoin donations, with Farage pledging a digital asset bill if elected.

⚖️ SEC drops Binance lawsuit, signaling softer crypto enforcement.

🇷🇺 Russia permits banks to offer crypto products to accredited investors but warns against direct crypto investments.

🇰🇿 Kazakhstan plans “CryptoCity,” a pilot zone for crypto payments and adoption within a regulated sandbox.

🇵🇱 Polish presidential candidate Nawrocki pledges full support for Bitcoin and crypto.

🇮🇳 India to unveil crypto rules in June, inspired by IMF/FSB, amid global momentum after Trump’s support.

🇬🇧 Saylor: Bank of England may buy Bitcoin with Reform UK’s crypto tax cuts.

👨 VanEck suggests miners pay royalties to help build a US Bitcoin reserve without using taxpayer funds.

🌍 Human Rights Foundation donated 8 BTC to 22 global Bitcoin projects supporting freedom and privacy.

🕊️ Lyn Ulbricht launches MACS to advocate against harsh U.S. prison sentences and support affected families.

🇪🇺 K33 raised $6.2M to buy Bitcoin and expand services.

🇵🇦 Panama’s state-owned bank to launch Bitcoin savings accounts.

🐐 GOAT Network launches dashboard for its on-chain Bitcoin yield products, offering up to 10% APY with no custodial risk.

🗣️ VP JD Vance vows Trump admin backs Bitcoin as digital gold.

🇳🇴 Norwegian firm K33 raises $6.2M to buy Bitcoin and launch BTC-backed services.

🇯🇵 Metaplanet issued $21M in zero-interest bonds to Evo Fund a day after raising $50M, boosting its Bitcoin buying plans with $135.2M raised in 2025.

🚀 Block will launch Bitcoin payments on Square by 2026, letting merchants hold or convert BTC instantly.

🕵️ A Russian man was arrested in South Korea after a failed $730K crypto robbery, with two suspects still at large.

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🎬 End Notes 🎤

❌ Meta shareholders rejected a plan to add Bitcoin to its treasury, with under 0.1% support.

📈 James Wynn opens new $50M Bitcoin long after losing $100M.

Source: Hyperdash

🇺🇸 US lawmakers introduced the bipartisan CLARITY Act of 2025 to define regulatory roles and establish clear rules for digital assets.

Source: US Congress

📊 BlackRock’s bond-focused portfolio has quietly accumulated over 2.1M shares of its Bitcoin ETF (IBIT), highlighting rising institutional demand as spot BTC ETFs post record inflows and outpace gold ETFs in growth.

BlackRock’s Strategic Income Opportunities Portfolio boosted its IBIT holdings by 26% in Q1 2025, rising from 1.69M to 2.12M shares worth $99.4M, signaling stronger institutional conviction in Bitcoin. Source: SEC

📉 US Bitcoin ETFs saw a $347M net outflow on May 29, ending a 10-day inflow streak, with BlackRock’s IBIT the only fund to record a $125M inflow while others like Fidelity, Grayscale, Bitwise, and Ark saw losses.

Source: Farside Investors

💰 Bitcoin miner revenues rise to $51.6M daily but remain below the $80M peak, showing growing network activity with room to climb.

Miner exchange inflows doubled from 25 BTC to 50 BTC daily after Bitcoin’s new all-time high. Source: @AxelAdlerJr

👻 Four dormant 2011 Bitcoin wallets moved 222 BTC worth $23M this week after nearly 14 years of inactivity.

Source: Link

🌍 In Q2 2025, Bitcoin’s global hashrate surpassed 900 EH/s, led by the United States at 36%, followed by Russia (15.7%), China (13.7%), and Canada (2.9%), with major mining hubs in North America, Eurasia, and Latin America.

Source: Hashrate Index

🎯 Bitcoin hit a new high over $111K in May — June’s forecast? Bullish skies and potential new records! Keep an eye out for next week’s insights! 

Disclaimer: The predictions and return estimates provided are for informational purposes only and do not serve as financial advice. Historical results do not guarantee future outcomes. Always conduct thorough research and seek guidance from a qualified financial professional before making any investment decisions. OnMine is not liable for any losses resulting from the use of this information.

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🤑 Top Tea 🫖

• The Bitcoin Conference 2025 – Day 1 - Bitcoin Magazine

• The Bitcoin Conference 2025 – Day 2 - Bitcoin Magazine

• The Bitcoin Conference 2025 – Day 3 - Bitcoin Magazine

• The Bitcoin Mempool: Private Mempools - Bitcoin Magazine

• Third individual arrested in NYC crypto torture and kidnapping case - Cointelegraph

• Growing BTC reserve requires Congressional legislation — VanEck exec - Cointelegraph

• After 10 Years, Ross Ulbricht Speaks Out: ‘Bitcoin Doesn’t Work Without Freedom’ - Bitcoin News

• JD Vance urges Bitcoin community to embrace politics - Cointelegraph

• IMF raises concern over Pakistan’s Bitcoin mining power plan: report - Cointelegraph

• Bitcoin bull run 'might be delayed' as $104.5K weekly close becomes key - Cointelegraph

• For Bitcoin 2025, the word of the day was ‘freedom’ - Cointelegraph

• What are address poisoning attacks in crypto and how to avoid them? - Cointelegraph

• Will Quantum Tech End Bitcoin? See What Chamath Palihapitiya Says - Watcher Guru

• “I told people not to buy Bitcoin — they bought more” — was Peter Schiff the most effective evangelist at Bitcoin 2025? - Crypto News

• Silent Payments: The upgrade Bitcoin can’t afford to ignore | Opinion - Crypto News

• Bitcoin Mining Difficulty Is Set to Reach Record High Amid Surging Hashrate - Coindesk

• Bitmain Reveals The Antminer S23, The Most Powerful Bitcoin Miner Ever - Forbes

• Bitcoin miner smashes record with $15.5m beachfront pad - AFR

• Ionic Digital Issues Statement Following Delaware Chancery Court Ruling - BusinessWire

• TeraWulf Acquires Beowulf Electricity & Data, Streamlining Corporate Structure - GlobeNewswire

• Compass Mining Partners with Synota's "Impact Mining" Initiative to Transform Bitcoin Hashrate into Community Impact - PR Newswire

• Is this still Satoshi’s Bitcoin? Bitcoin Conference keynotes dominated by politicians and corporations - CryptoSlate

• US court blocks Trump tariffs risking importer refunds as Bitcoin beats TradFi market - CryptoSlate

• Bo Hines declares the US won’t sell Bitcoin, seek endless accumulation for strategic reserve - CryptoSlate

• Gemini Mines Bitcoin with a Tesla Cybertruck - The Crypto Basic

• 20,000+ Bitcoin Bought in Just Two Days – Whales Expecting New ATH? - UToday

• Bitcoin Goes Full “Suitcoiner” - Blockspace

• The Bitcoin Attack You Haven’t Heard About - Blockspace

• Judge orders pause in Swan lawsuit against former mining employees - Blockspace

• Antminer S23, Swan’s Lawsuit, Pakistan 2GW Ambitions, Trump Tariffs and A Cango Update! - The Mining Pod

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💉 Dopamine Hit 🕺🏻