OKB breaks through the $50 mark

According to GlobeNewswire, Cipher Mining (NASDAQ: CIFR) has released operational data for May. The company produced approximately 179 bitcoins in the month, including approximately 4 bitcoins of equivalent value obtained through electricity sales and approximately 23 bitcoins from joint venture data centers. The company sold 64 bitcoins in May and held a total of 966 bitcoins at the end of the month, of which approximately 334 were used as collateral. As of the end of May, Cipher Mining has deployed 75000 mining machines with an operational computing power of 13.5 EH/s and a mining machine efficiency of 18.9 J/TH. The company is advancing the construction of the Black Pearl data center located in Texas. The first phase of the building is nearing completion, and the old mining machines from the Odessa upgrade project have been migrated and installed, awaiting power on. Cipher Mining has purchased the remaining mining machines to fill the 150 MW power capacity of the first phase of Black Pearl. It is expected that the new mining machines will arrive and be deployed in early July. After deployment, the company expects its computing power to increase from the current 13.5 EH/s to approximately 23.1 EH/s.

According to Bloomberg, BofA analysts have identified Robinhood Markets Inc. as a "major candidate" in the upcoming S&P 500 index correction to be announced this Friday. The stock has recently hit a new four-year high with the rebound of the stock and cryptocurrency markets. If included, it is expected to trigger a concentration of passive funds tracking the index to buy. Coinbase's stock price had risen by 34% in the week when it was previously included. Analysts also mentioned that companies such as Ares Management, Carvana, and AppLovin have the potential to be selected.

According to Foresight News, according to SoSoValue data, the cryptocurrency market has experienced a two-day correction, with Meme and DeFi sectors falling 3.59% and 3.72% respectively in the 24-hour period. Within the Meme sector, Bonk (BONK), dogwihat (WIF), and Fartcoin (FARTCOIN) fell 7.42%, 9.65%, and 10.62% respectively, but SPX6900 (SPX) rose 3.35% against the trend. Within the DeFi sector, Chainlink (LINK), Uniswap (UNI), and Ethena (ENA) fell 4.03%, 5.93%, and 9.97%, respectively. In addition, Ethereum (ETH) remained relatively strong, falling 0.28% in 24 hours and oscillating narrowly around $2600. Bitcoin (BTC) fell 0.91%, rebounding to $104000. In terms of other sectors, the CeFi sector fell 0.58% in 24 hours, with Hyperliquid (HYPE) falling 3.29%; Layer 1 sector fell 1.93%, but TRON (TRX) rose 1.26%; The PayFi sector fell 2.63%, while within the sector, Keeta (KTA) rose 3.62% against the trend; The AI sector fell 3.54%, with Bitcoin (TAO), Worldcoin (WLD), and Virtuals Protocol (VIRTUAL) falling 2.85%, 5.33%, and 7.22% respectively; The Layer2 sector fell 3.58%, while Optimism (OP) fell 5.79%. The crypto sector index, which reflects the historical market situation of the sector, shows that the ssiAI, ssiDeFi, and ssiRWA indices fell by 4.93%, 4.28%, and 4.24% respectively in 24 hours.

According to Foresight News, Jack Mallers, co-founder of Twenty One Capital, tweeted that his company has launched a reserve certificate. In addition, it also stated that "Bitcoin is the best currency in human history

Avery Ching, co-founder and CEO of Aptos Labs, stated during a hearing of the U.S. House Agriculture Committee that digital assets are not only used for speculation, but also for building a new type of infrastructure that is transparent, programmable, and accessible to all. He called for a clear and prudent regulatory environment for developers, allowing the United States to continue its technological leadership in the blockchain era, and thanked the committee for its united efforts in promoting this issue. Ching also pointed out that Aptos is named after the small town of "Aptos" in California, which originates from the Ohlone language meaning "people".