Bitcoin Hashrate hits new all-time high of 1,161 Eh/s🔥

NEW: Andrew Ross Sorkin says gold reaching new all-time highs is “scary,” and even mentions Bitcoin as digital gold. The financial elite still don’t grasp the need for hard money.

Gold is grabbing headlines, but Bitcoin holds the ultimate value proposition. Sign up below for tomorrow’s newsletter on the global flight to hard money. Then join @_Rob_Wallace and Jonathan Pollack from Block live at 11am ET as they break it all down on stream.

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Bitcoin News

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U.S. investigators might have quietly cracked Lubian’s weak wallet code, turning a flaw in Bitcoin key generation into a $15B takedown of Chen Zhi’s empire. https://bitcoinnews.com/legal/us-seized-127k-btc-lubian-prince-group/

US TREASURY: “The radical left has chosen to shut down the United States government in the name of reckless spending and obstructionism. As a result, the U.S. Department of the Treasury's websites will only be sporadically updated until this shutdown concludes.“

NEW: The BULL Wallet is now available worldwide on iOS and Android, including the USA. BULL is Bitcoin-only, self-custodial, open-source, and requires no KYC. Transact seamlessly across the Bitcoin, Lightning, and Liquid Networks using non-custodial atomic swaps for confidential, secure transfers. Connect your Coldcard Q to spend from cold storage via air gapped signing without SD cards or cables. Small Liquid payments can auto-swap to Bitcoin once you reach a customizable threshold, preventing small UTXOs.

NEW: 🇺🇸 Florida lawmakers introduces House Bill 183 to allow the state’s chief financial officer to invest up to 10% of select public funds, including the General Revenue Fund and trust funds, in Bitcoin starting July 1, 2026.

NEW: Powell is asked about the surge in gold and Bitcoin, with the moderator noting Greenspan once viewed gold as a gauge of inflation risk. He dodges, saying he “won’t comment on a particular asset price” and that “inflation is driven by supply and demand.”

NYC’s new Digital Assets and Blockchain Office will give Bitcoin and blockchain companies a single point of contact in the city government, which didn't exist before. https://bitcoinnews.com/legal/nyc-digital-assets-and-blockchain-office/

RICARDO SALINAS: “Bitcoin will go up at least 14 times (meaning $1.516 Million USD) to catch up with Gold --- and then it will continue to outperform.”