Miners need traditional financial products in order to hedge against the risk of increasing hash rate and difficulty.
Bitcoin (BTC) mining has become a multibillion-dollar industry. Pools, manufacturers and farms contribute to the growth and professionalization of the space. Financial service companies bring institutional-grade products and capital that increases liquidity for the biggest operators.

There’s a fundamental shortage of United States dollars available relative to the overall demand when the sector encounters certain market conditions. The dollar shortage is one of the contributing factors to volatility in the markets.

Just like traditional commodity producers, Bitcoin miners will likely become large users of derivatives — whether it’s with futures to lock in prices or options to hedge against losses. Everybody with a business that has relatively predictable cash flow is going to have an appetite for access to debt in order to reduce the capital requirements necessary to fund their growth.
More info: https://cointelegraph.com/news/bitcoin-miners-will-use-derivatives-like-traditional-commodity-producers

The ODL index for XRP/AUD exceeded the previous all-time high value of $15,640,530 despite the price of XRP staying relatively flat.
On-Demand Liquidity (ODL) for XRP paired with the Australian dollar reached a new all-time high of 15,640,530 AUD on the exchange BTC Markets.

According to a recent tweet from the Liquidity Index Bot, the liquidity index for BTC Markets for XRP/AUD climbed to 15,640,530 AUD — approximately 10.6 million USD — on June 2, exceeding the previous ATH value. The XRP liquidity in Australian markets has seen a fairly steady rise since the beginning of 2020, despite the price remaining close to 0.20 USD since May 10.
Read more info: https://cointelegraph.com/news/ripples-odl-network-records-ath-for-xrp-aud-on-btc-markets-exchange

Uri Kolodny, co-founder and CEO of blockchain firm StarkWare, told Cointelegraph that Ethereum second-layer scalability solutions still need some work.

Ethereum co-founder Vitalik Buterin claimed on June 1 that the blockchain’s layer-two scaling initial deployment has “basically” succeeded. Kolodny — on the other hand — told Cointelegraph that he is not as convinced:

“I wouldn't pop the champagne bottles just yet, as many of these proposed solutions have at this point been deployed only on Twitter, not on Ethereum Mainnet.”

Kolodny admitted that there are many promising developments when it comes to second-layer Ethereum scalability solutions. He explained that “there are several efforts around what is called Optimistic Rollups.” Still, he said that nobody really knows how well this approach could work:...
Read here: https://cointelegraph.com/news/ethereum-second-layer-scalability-still-needs-work-says-starkware-ceo

Using dollar-cost averaging delivers tidy gains for Bitcoin investors, and it doesn’t matter when you start, PlanB says.
Bitcoin (BTC) dollar-cost averaging for even a single year is an opportunity investors “cannot ignore,” one of the industry’s best-known price analysts thinks.

In a Twitter debate on June 3, PlanB, creator of the popular stock-to-flow Bitcoin price models, said that short-term dollar cost averaging, or DCA, could easily net 70% returns.

“Investors cannot ignore this”
His example revolved around a three-year process. Slowly increasing investment on a sliding scale through 2017, waiting all of 2018, then applying the opposite process through 2019 would have yielded returns of 70%.

“IMO investors cannot ignore this,” he summarized.

Asked whether it mattered at what point an investor started the process, PlanB said that Bitcoin’s overall historical profitability meant that the odds hardly decreased.

“It doesn’t really matter much because the (historical) odds are 9 to 1 that you earn a positive return,” he added.
Source and read here: https://cointelegraph.com/news/bitcoin-buyers-cannot-ignore-this-3-year-70-returns-hack-analyst

Bloomberg says that all signs point to Bitcoin going on the major bull run in 2020, the only question is whether it will break the all time high of $20,000.
The latest report from Bloomberg reveals that the company expects Bitcoin (BTC) to retest the record highs from 2017, and may even go as high as $28,000.

COVID-19 & Institutions helping Bitcoin
The report suggests that COVID-19 has accelerated Bitcoin’s maturation as an asset, showing its strength amid declining equities. In addition, it points to the ever-increasing appetite from the institutional investors, and Grayscale, or GBTC, in particular; which has been consuming about 25% of the the new supply:
Read here: https://cointelegraph.com/news/bloomberg-bitcoin-will-approach-record-high-of-about-20-000-this-year

As Germany shuts down all nuclear and coal-based energy production, blockchain is underpinning many renewable energy platforms.
With Germany aiming to decommission all nuclear power generation in the country by 2022 and all coal-fired stations by 2038, myriad disparate renewable energy producers of various sizes are stepping up to meet demand. Distributed ledger technology is increasingly underpinning the architecture for many systems being designed by the country’s innovative renewable energy providers.

Cointelegraph spoke to Richard Lohwasser, the co-founder and CEO of Lition Energie — a Berlin-based greentech startup that has launched a blockchain-based marketplace allowing consumers to choose between multiple energy providers — to discuss how DLT is being used across Germany’s evolving energy sector.

A blockchain-powered energy platform
After being founded in late 2017, Lition was licensed as an energy supplier by German regulators in March of the next year and began providing power to customers the following month. The firm began large-scale marketing activities in the summer of 2019, estimating that it would have customers in more than 1,000 cities by winter.

Lition’s partners include international software providers Microsoft, SAP and PowerCloud, as well as local firms SüdwestStrom and N26, while its investors comprise “European family offices which invest through a convertible note.”

Lition operates a green energy marketplace that connects households directly with independent green power plants of their choosing. The company also plans to begin offering solar panels later in June. The platform comprises a proof-of-stake, second-layer solution built on top of Ethereum (ETH). Lition offers a data deletion feature and transaction fees of 0.001 USD Coin (USDC
Source and more info: https://cointelegraph.com/news/blockchain-underpinning-much-of-germanys-renewable-energy-evolution

Lowest price forward claims that after August this year, Bitcoin will never trade below five figures again.
Bitcoin (BTC) will never cost less than $10,000 again after August this year — according to a price indicator gaining popularity among investors.

In a tweet on June 2, Timothy Peterson of asset manager Cane Island Alternative Advisors drew attention to a watershed moment for the largest cryptocurrency.

Lowest Price Forward dictates $10K BTC floor
According to Lowest Price Forward (LPF), in just two months’ time, Bitcoin will see $10,000 per coin for the last time ever.

LPF, which was previously known as the “never look back price,” makes price predictions for BTC/USD on a given date in the future.

One of Peterson’s few preferred metrics, LPF last month formed one of three factors in a bullish convergence which he suggested should trigger a bull run. At the time, Bitcoin’s LPF for December 31, 2020, was $10,400.

“If Lowest Price Forward trend holds, August 2020 will be the last time we see #bitcoin below $10,000,” he wrote, uploading an accompanying chart showing the trend.
Source: https://cointelegraph.com/news/jinxed-it-indicator-bets-bitcoin-wont-fall-below-10k-after-august