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Gomining Mines First Live Stratum V2 Bitcoin Block, Shifting Control to Miners

Digital mining firm Gomining said it mined the first live Bitcoin block using the Stratum V2 protocol via the DMND mining pool.　　Key TakeawaysGomining mined the first live Bitcoin block via DMND pool, letting miners pick transactions.Gomining bypassed centralized pool operators for over a decade of tradition by constructing its own template.Advocates expect this production milestone to drive global adoption of Stratum V2 across mining networks.　　A Milestone for Miner Autonomy　　Digital mining firm Gomining revealed Thursday, June 25, that it successfully mined the first known live Bitcoin block utilizing the Stratum V2 protocol. The block was produced in a live production environment using the DMND bitcoin mining pool. The achievement demonstrates a functional blueprint for miner-controlled block creation, a structural shift away from the centralized transaction selection models that have long dominated the cryptocurrency mining sector.　　For more than a decade, mining pools have held primary control over which transactions are included in Bitcoin blocks. Gomining bypassed this dynamic by leveraging Stratum V2s job declaration functionality via the DMND pool, according to a media statement. This allowed the company to locally construct and declare its own block template rather than relying on a pool operator to select transactions.　　“This block demonstrates that miners can

06-26انڈسٹری

Ethereum Layer-2 Base Stalls Nearly Two Hours After Invalid Block Freezes Sequencer

Crypto News　　Ethereums largest layer-2 network, Base, halted block production for nearly two hours on Thursday after an invalid block triggered a consensus failure, marking what appears to be its most severe disruption in 90 days. The Coinbase-incubated network first flagged abnormal block production at 16:03 UTC, and within minutes its engineering team publicly acknowledged the fault. Base confirmed in an official statement that all user funds remained safe throughout the stall. As an altcoin ecosystem anchored to Ethereum, Base settles a large share of low-cost transactions, so the freeze rippled across deposits, withdrawals and on-chain activity until sequencing resumed.　　The recovery followed a tightly documented sequence. By 16:52 UTC — roughly 50 minutes after the first alert — engineers identified the root cause. The consensus problem was isolated at 17:21 UTC, when internal sequencer and node components showed early signs of recovery. Block sequencing was restored at 17:51 UTC, and the network confirmed normal block production at 17:58 UTC before entering a monitoring phase. Our reading of the published timeline puts the full stall at roughly 115 minutes. Base stated that any remaining stuck nodes would recover after a restart and resync, and pledged a detailed post-mortem once its internal review

06-26

BitGo Cuts Nearly 15% of Workforce to Prioritize AI and Stablecoin Infrastructure

BitGo is reducing nearly 15% of its workforceas part of a strategic restructuring.The company will prioritize security, trading, stablecoins, settlement, and AI-powered infrastructure.CEO Mike Belshe said the layoffs are a one-time action, with no additional workforce reductions currently expected.　　BitGo has announced a workforce reduction affecting nearly 15% of its employees as the digital asset infrastructure company narrows its strategic focus on artificial intelligence and stablecoin-related services. The announcement was made by CEO Mike Belshe in a public statement on June 25 and was simultaneously furnished to the U.S. Securities and Exchange Commission (SEC) through an 8-K filing, making the restructuring part of the companys official investor disclosures.　　BitGo Refocuses Resources on Core Growth Areas　　According to Belshe, the restructuring reflects changes across the financial services and digital asset industries, prompting BitGo to become “sharper and more deliberate” in allocating talent and capital. Going forward, the company will concentrate its efforts on security, trading, stablecoins, settlement, and AI-powered infrastructure.　　Today Im sharing a hard decision: we are reducing our workforce by nearly 15%.　　I want to be straight with you about why. The ecosystem has evolved, and the way we build financial services has changed dramatically. To keep winning for our clients, we need to

06-26

Coinbase-backed Base returns after 2-hour consensus halt

SummaryBase halted block production after an invalid block disrupted consensus and stopped new block creation.The outage came hours before Beryl, a network upgrade aimed at faster withdrawals.Jesse Pollak said user funds stayed safe, while calling the network halt unacceptable for Base.　　The Ethereum layer-2 network said blocks were again being produced normally after engineers worked through the incident.　　Base first reported unhealthy block production on its official status page at 4:03 p.m. UTC. The team later said it had isolated a consensus problem that caused an invalid block to be sequenced. That event stopped new blocks from being created after block 47,806,542.　　You might also like:　　ZachXBT warns AscendEX may face liquidity issues as withdrawals stall　　In a later X update, Base said, “blocks are being produced normally” and that it had verified broad recovery across the ecosystem. The team added that it would continue to investigate the root cause and share a full post-mortem.　　Blocks are being produced normally, and we have verified widespread recovery in the ecosystem.　　Any remaining stuck Base nodes will recover upon restart and syncing.　　The team has found the root cause for this halt and well share a full post mortem based on our learnings and…　　— Base Build (@buildonbase) June 25, 2026　　The

06-26

BitGo Lays Off 15% of Workforce in Strategic Reorganization

Cryptocurrency custody firm BitGo has laid off approximately 85 employees, representing 15% of its workforce, as part of a broader organizational restructuring. The company is refocusing its operations on core areas including security, stablecoins, payments, and artificial intelligence infrastructure, according to a report from BeInCrypto.　　Reorganization Amid Industry-Wide Cuts　　The layoffs come despite BitGo reporting significant revenue growth over the past year. However, the company still recorded a net loss, attributed to low profitability and the decline in Bitcoins price. The restructuring reflects a strategic pivot toward higher-margin and emerging sectors within the digital asset ecosystem.　　BitGo is not alone in this trend. A wave of restructuring has been sweeping the cryptocurrency industry. Coinbase, one of the largest crypto exchanges, laid off approximately 700 employees in May of last year. These moves indicate a broader recalibration among crypto firms as they navigate market volatility and shifting regulatory landscapes.　　Focus on Security, Stablecoins, and AI　　By narrowing its focus, BitGo aims to strengthen its position in key growth areas. Security remains a foundational concern for institutional investors, while stablecoins are increasingly used for payments and decentralized finance. The companys investment in AI infrastructure signals a longer-term bet on automation and data-driven services within the crypto sector.　　Implications

06-26

Hyperliquid price prediction: Whats next as HYPE bulls target $77 resistance？

Hyperliquid [$HYPE] has been consolidating on an ascending triangle pattern since its debut on Coinbase back on the 5th of February.　　The token managed to break out back on the 20th of May and rallied explosively to $75 before retracing and bouncing off explosively from the triangle support at $53. As a result, it left behind a market imbalance between $57 and $63.　　As of this writing, $HYPE was testing the imbalance zone after an aggressive correction. This occurred since it swept the liquidity at the $75 resistance level. The token is now building some bullish momentum, with the next target in line being the $77 resistance zone.　　Source: TradingViewWhy are traders watching $77？　　The Hyperliquid network‘s trading activity is notably aligning with $HYPE’s bullish technical structure.　　Trading volume has made a significant surge over the last four days, highlighting that investors were taking on more long positions to capitalize on the projected surge back to the point of liquidity at $77.　　Source: SantimentLiquidity cluster at $77 affirms it as a key target　　Zooming down to $HYPEs liquidation heatmap data, several significant liquidity clusters summing to $10 million rest at around $77 resistance. These clusters support the price level as a crucial point of reference for a

06-26

Panic selling sends Bitcoin below $60K once again – The pressure piles on!

In the past 24 hours, Bitcoin [$BTC] saw $415.83 million worth of derivatives traders liquidated, with $319.18 million worth of these positions being long. Recent hours of trading saw the leading crypto test the $59.1k low once again, threatening another bearish breakdown.　　Since the 6th of May, the Coinbase Premium Index for Bitcoin has been negative. The metric tracks the assets price difference between Coinbase (USD pair) and Binance ($USDT pair).　　Source: CryptoQuant　　The low premium levels implied reduced enthusiasm among U.S.-based investors compared to the global market. Additionally, the liquidation heatmap data AMBCrypto reported on earlier indicated why $BTC prices might dive toward the $57k area in the coming days.　　Price weakness versus subsiding Spot selling pressure　　Source: $BTC/$USDT on TradingView　　The 4-hour chart showed a bearish swing structure in place. The fall from $74.5k to $59.1k was used to plot a set of Fibonacci retracement levels (yellow). The 50% level at $66.8k rejected the bullish advance.　　The longer-term structure, combined with this rejection, meant that a price drop to $55.5k and possibly even $49.6k could commence in the coming weeks.　　The hidden danger for the next Bitcoin market phase　　Glassnodes weekly market report noted that Spot markets led the sell-off. Derivatives markets reacted to the move rather

06-26

Crypto infrastructure firm BitGo lays off 15% of staff

Crypto infrastructure company BitGo Holdings laid off about 15% of its staff on Thursday as its CEO pledged to focus the company on areas including trading, stablecoins and artificial intelligence-powered infrastructure.　　“Today Im sharing a hard decision: we are reducing our workforce by nearly 15%,” BitGo co-founder and CEO Mike Belshe posted to X on Thursday. “The ecosystem has evolved, and the way we build financial services has changed dramatically.”　　“We need to be sharper, more focused, and concentrate our people and energy on the areas that matter most: security, trading, stablecoins, settlement, and AI-powered infrastructure,” he added.　　The layoffs add to the thousands of jobs lost in the crypto industry so far in 2026, with many companies citing efficiency gains from AI and a wide crypto market slump as the reason for the cuts.　　Source: Mike Belshe　　BitGo did not confirm the number of staff affected in the layoffs. Its 2025 annual report published in March disclosed it had 603 full-time employees as of Dec. 31, 2025, meaning the layoffs could have impacted about 90 staff.　　Belshe said the layoffs were “a one-time action” and BitGo does not “anticipate further reductions.” The company is still hiring for 51 roles across various regions, according to its

06-26

Multicoin Capital backs $319 HYPE target despite major risk warnings

Multicoin Capital has projected that Hyperliquids $HYPE token could reach $319 by 2028 despite identifying several structural and market risks that could threaten its long-term outlook.　　According to a new report from Multicoin Capital, the investment firm expects Hyperliquid ($HYPE) to appreciate roughly fivefold from its current price near $64, based on a base-case scenario in which Hyperliquid generates about $8 billion in annual earnings by 2028 and trades at a 20-times earnings multiple.　　Multicoin also disclosed that it began accumulating $HYPE in February, making it one of the largest positions in its liquid fund, while adopting a three-day no-trade policy after publishing the report.　　Why Multicoin believes Hyperliquid can justify a higher valuation　　Much of the firm‘s conviction comes from Hyperliquid’s rapid expansion during 2025. According to Multicoin, the decentralized exchange generated about $873 million in revenue from roughly $2.9 trillion in trading volume while growing its user base from around 301,000 to 923,000. During the same period, open interest climbed from approximately $2 billion to $6 billion.　　Current market data cited in the report show Hyperliquid now accounts for more than 59% of decentralized perpetual futures open interest. Its outstanding open interest has also reached about $9.6 billion, exceeding that of its largest

06-26

Coinbase's Base probes suspected invalid block behind two-hour outage

Coinbases layer-2 network Base experienced an outage lasting approximately two hours on Thursday after an invalid block caused a consensus failure that stopped all transactions on the chain in what seems to be its biggest outage in 90 days.　　The network was affected starting at 16:03 UTC when Base‘s status page indicated the mainnet’s block production as “unhealthy”. Minutes later, the Base team informed the public about the issue. “Base Mainnet is currently halted while the team works on an issue with block production,” the network said on X at about 12:20 p.m. ET. The network stated that “all funds are secure.”　　Base traces outage to consensus issue　　Base attributed the cause of the outage to a consensus failure that saw an invalid block get into the sequencing pipeline, preventing further block creation, according to the networks status page updates. The Base team reported having pinpointed the cause of the outage 50 minutes after it initially reported the issue, at 16:52 UTC.　　Two hours after the disruption, the Base network resumed operations. “We‘ve verified widespread recovery in the ecosystem. If there are any remaining nodes that are still stuck, they will recover after restarting and syncing,” Base’s team reported on X.　　Blocks are being produced

06-26

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