JPMorgan Chase: The average monthly computing power of the Bitcoin network fell by about 3% in June, possibly due to the heat wave affecting miners' operations

Planet Daily News: JPMorgan reported on Tuesday that the average Bitcoin network hash rate dropped by approximately 3% in June, primarily due to miners reducing operations amid recent heat waves. However, Bitcoin mining profitability continues to improve, with miners' average daily block reward income reaching $55,300 per EH/s last month, a 7% increase from April, and daily block reward gross profit rising 13% month-on-month, reaching a new high since January. The report also noted that the total market capitalization of the 13 U.S.-listed Bitcoin mining companies tracked by the bank increased by 23% last month, to around $5.3 billion. (CoinDesk)