Gemini, a crypto exchange platform founded by the Winklevoss twins, has launched a unique initiative by mining Bitcoin using a Tesla Cybertruck. This futuristic vehicle is equipped with a portable mining rig powered by an internal battery and solar panels, allowing the mining process to be carried out mobile and environmentally friendly. This initiative symbolizes the combination of mobility, cutting-edge technology, and clean energy in the crypto world. This project emphasizes Gemini's commitment to providing innovative and sustainable solutions in the blockchain industry. By transforming the Cybertruck into a mobile mining unit, Gemini opens up new perspectives on how electric vehicles can contribute to the crypto infrastructure of the future. This step also highlights the potential for integrating green technology into the digital financial ecosystem. $BTC $ETH
$BTC Bitcoin Drops Back to US$107 Thousand, This Trader Loses Rp211 Billion**
Bitcoin (BTC) fell 1.2% to US$107,408 in the last 24 hours on Sunday (25/05) evening. This correction triggered massive sell-offs by large investors and traders in the market.
A trader reportedly closed a long position in Bitcoin worth US$1.2 billion after the price dropped to the US$107 thousand range, as reported by X Ember CN. He closed all his positions within 47 minutes, even though the actual liquidation price was at US$105,180, resulting in a loss of more than US$13 million.
On the other hand, this decline was caused by many previous factors that made investors pull back their investments, such as US President Donald Trump threatening a 50% tariff on the European Union due to its opposition to US policies that will be implemented on June 1.