BNB falls below the $650 mark

Odaily Planet Daily News: According to official announcements, BitMart will launch Ravencoin (RVN) on June 13th at 4:00 PM (GMT+8 time), opening RVN/USDT trading pairs. Ravencoin is a digital peer-to-peer network designed to implement blockchain for specific use cases and effectively handle specific functions: transferring assets from one party to another. Ravencoin is built on a branch of Bitcoin code and was launched on January 3, 2018. It is an open-source project (without ICO or main node). It is committed to building practical technologies and has a strong and constantly evolving community.

The current price of BTC is $104773.42, a decrease of 2.71% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.9 million US dollars, with the main liquidation being short orders and BTC liquidation being 2.87 million US dollars (26.33%). The data is for reference only.

According to BlockBeats, on June 13th, the volatility of Bitcoin may have rebounded to 1.77% due to the impact of the new geopolitical war between Israel and Iran, showing a rough upward trend for five consecutive days. BlockBeats note: High Bitcoin volatility is often associated with speculative trading and retail FOMO sentiment. When the volatility falls, it may mean a decrease in short-term speculators and the market enters a period of consolidation or 'cooling off'. In addition, Bitcoin price fluctuations are often linked to macroeconomic events such as inflation expectations, interest rate changes, or geopolitical risks. When these external factors stabilize, the volatility of Bitcoin may decrease accordingly.

On June 13th, according to Cointelegraph, Pakistan is utilizing 2000 megawatts of surplus electricity for Bitcoin mining and artificial intelligence to reduce waste and promote technological development. As of March 2025, Pakistan's installed power generation capacity is 46600 megawatts, a slight increase from the previous year. Nearly 14% of the installed capacity is idle, especially during non peak winter periods when demand may drop to 12000 megawatts. Pakistan aims to convert the surplus electricity from its underutilized thermal power plants into a source of income through Bitcoin mining and artificial intelligence data centers. This move aims to transform the financial burden of capacity electricity pricing into high-value digital assets. The first phase of Pakistan's Bitcoin mining program is set to launch in 2025, allocating 2000 megawatts of electricity for mining and artificial intelligence data centers. The future stage plans to integrate renewable energy sources (solar, wind, hydro), marking the long-term shift of these businesses towards sustainable energy.

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