Bitcoin’s power use dropped in June while hacks reached $150M and Asia introduced crypto-friendly laws.
- Bitcoin’s hashrate fell 15% due to rising U.S. energy costs.
- Crypto hacks caused $150 million in losses in June 2025.
- Asia is softening crypto rules, including tax breaks and stablecoin laws.
Bitcoin Power Use Drops With Summer Heat
Bitcoin’s hashrate fell 15% in June. It started the month near 942.6 million terahashes per second and dropped to 799 million. This marks the steepest drop in three years.
The main reason is higher electricity prices due to summer heat in the U.S. As miners face higher cooling costs, many have turned off their machines to save money. Analysts say this is more likely the cause than international events.
Crypto Hacks Hit $150 Million in Losses
Crypto hacks and technology exploits cost the market $150 million in June alone. That brings the year’s total to $2.15 billion in damages so far, according to TRM Labs.
Most losses (80%) came from attacks on infrastructure, such as stolen private keys or compromised websites. Only 12% came from code exploits like flash loan attacks. The report warns that attacks by state-backed or political groups are growing.
More Companies Add Bitcoin to Treasuries
In June, 26 companies added Bitcoin to their balance sheets, raising the global total to 250. This trend follows Strategy’s lead. Its chairman, Michael Saylor, was one of the first to use Bitcoin as a treasury asset.
Saylor’s firm has issued debt to buy more Bitcoin, and its stock price continues to rise. However, some analysts warn the tactic may not survive a large market crash.
Asia Adopts Crypto-Friendly Laws
Four countries in Asia made major progress on crypto regulation in June. Thailand will not apply capital gains tax on crypto until the end of 2029, as approved by the Cabinet.
In South Korea, the ruling party introduced a bill to allow stablecoins. Their central bank said it does not oppose a won-backed token. Malaysia launched a sandbox for testing digital asset services. Hong Kong regulators are working on rules for crypto derivative trading.
U.S. States Move on Crypto Laws
Seven U.S. states passed new crypto laws in June. For example, Texas approved a Bitcoin reserves bill. Oregon and Colorado updated their laws to include crypto as abandoned property.
Other states like Louisiana and Connecticut introduced new rules for crypto ATMs and licensing. Florida’s proposed bill for kiosk registration failed to pass.
Source: cointelegraph.com
