BitMine Becomes World’s 2nd Largest Crypto Treasury With $6.6B
Tom Lee’s BitMine Immersion Technologies announced on Monday that it has become the second-largest crypto treasury in the world, behind Michael Saylor’s Strategy. The firm updated its Ether holdings figures to 1.52 million ETH worth around $6.6 billion. Even with the asset’s retreat, that huge stash is worth more...
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Blockchain Lender Figure Joins Crypto IPO Rush With Nasdaq Listing Bid Under ‘FIGR’
Figure, the blockchain-powered lender founded by SoFi co-founder Mike Cagney, has filed with the Securities and Exchange Commission for an initial public offering as the latest entrant in a growing crypto IPO wave. The company plans to list its Class A shares on the Nasdaq under the ticker FIGR,...
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Bitcoin Drops, Saylor Shops: 430 BTC Added To Treasury Stash – Details
Strategy Inc. has bought more Bitcoin while markets wobble, adding another small slice to its vast crypto treasury. According to the company, it purchased 430 BTC for about $51.4 million, at an average price near $119,666 per coin. The move keeps Strategy in its familiar role as one of...
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Scott Bessent Says Genius Act ‘Essential’ To Secure US ‘Leadership’ In Digital Assets, Says It Will Boost Dollar Access For Billions
Treasury Secretary Scott Bessent backed the implementation of the GENIUS Act on Monday, also known as the stablecoin bill, citing its potential to secure “American leadership” in digital assets. Bessent Says Stablecoins Would Expand Dollar Access In an X post, Bessent highlighted the role of stablecoins in expanding dollar access globally and...
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LINK Jumps 18% Weekly: What’s Driving Chainlink to a 6-Month Peak?
TL;DR Chainlink breaks multi-month resistance with volume, pushing the price above $25 and nearing the key $29 level. Whale wallets added 1.1 million LINK this week, showing strong confidence despite minor pullbacks. Chainlink leads RWA development with new ETF data feeds, boosting its institutional adoption narrative. Breakout Clears Long-Term...
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15-Week Crypto Inflow Streak Ends with a $223M Shock Withdrawal
The crypto asset investment market experienced its first weekly outflows in over three months, according to the latest data released by CoinShares, a leading European asset manager specializing in cryptocurrencies. The firm’s weekly report shows that digital asset investment products recorded net outflows of $223 million during the past...
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Gemini Prepares for IPO as Filing Reveals Major Losses and Ripple Credit Deal
Gemini is moving ahead with plans to go public. The Winklevoss-owned crypto exchange just filed for a Nasdaq listing under the ticker GEMI. The filing gives a rare look at Gemini’s finances and strategy as it tries to reestablish itself in a maturing market. Massive Losses Underscore a Tough...
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Strategy and Metaplanet Now Control 3.1 Percent of Bitcoin’s Total Supply
Two of the most aggressive corporate Bitcoin buyers, Strategy and Metaplanet, have ramped up their holdings once again, taking their combined stash to nearly 3.1 percent of the total Bitcoin supply. As public companies continue treating Bitcoin as a strategic asset, the supply picture is quietly shifting in real...
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Bitcoin Sees $552M Inflows, But Ethereum’s Haul Is 5 Times Larger
Last week, digital asset investment vehicles recorded $3.75 billion in inflows, their fourth-highest figure historically, in what appears to be a recovery from the subdued momentum of previous weeks. Interestingly, the surge was almost entirely tied to iShares and one particular product under its umbrella. With market prices pushing...
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ETHZilla Rebrands From 180 Life Sciences, But Stock Sinks 4% In After-Hours Trading: Here’s Why
Shares of the newly branded ETHZilla Corp. (NASDAQ:ETHZ) sank over 4% in Monday’s after-hours trading amid a dip in Ethereum (CRYPTO: ETH), its primary treasury asset. ETHZ shares are sliding after hours. Get the update here. Shaky Start For The ETH ‘Proxy’ Stock ETH fell from $4,380 to $4,290...
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