Ether Treasury Companies to Eventually Own 10% of Supply: Standard Chartered
Corporate treasury participation in ether (ETH) has surged in recent months, with institutional entities now holding 1% of the cryptocurrency’s circulating supply, according to a report from investment bank Standard Chartered (STAN). The bank predicts that ether treasury holdings could reach 10% of total supply over time, a 10-fold...
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ARK Invest Buys the Dip on Ether Strategy Firm BitMine With $18.6M Purchase
ARK Invest bought $18.6 million worth of shares in ether treasury firm BitMine Immersion Technologies (BMNR). Cathie Wood’s investment firm added a total of 529,366 BMNR shares to its Innovation (ARKK) and Next Generations Internet (ARKW) exchange-traded funds (ETFs) on Monday, according to an email notification. BMNR fell more...
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Whale Revives Profit-Taking Concerns as Bitcoin Holds Flat: Crypto Daybook Americas
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s Asian session bounce from $117,500 ran out of steam near $119,200 during European hours, extending two weeks of directionless trading. The CoinDesk 20 (CD20) Index traded 1.4% lower over 24 hours, with the broader CD80 gauge reporting a 4.6%...
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Ethereum: BitMine’s Bold $60K ETH Call Fails To Offset Stock Slide
Ethereum is on the spotlight as BitMine Immersion Technologies stock took a sharp hit on Monday, falling over 25% despite a fresh round of bullish messaging from Tom Lee of FundStrat. Investors seemed unconvinced by the plan to make BitMine a major holder and staker of Ethereum. The dip...
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MetaMask launches new stablecoin yield feature on wallets
MetaMask will allow users to earn passive yield through storing stablecoins in their wallets. The new feature is powered by the Aave protocol. How does Stablecoin Earn work? On July 29, the crypto wallet service launched its first stablecoin yield…...
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India’s CoinDCX shuts down Coinbase acquisition talks
Reports claiming Coinbase is planning the acquisition of India-based crypto exchange CoinDCX have been denied by the company’s leadership. In a July 29 X post, CoinDCX CEO Sumit Gupta shut down the rumors directly, saying the platform is not for…...
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Is Binance ZRC perps launch about to fuel a new rally for Zircuit crypto?
Zircuit crypto has surged 165% from its ATH in late June, and the upcoming launch of Binance’s ZRC perps could spark even bigger gains. Zircuit (ZRC) price has recently staged a strong rally from its all-time low of $0.01948 reached…...
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Prediction Markets Hit Fever Pitch
Image generated by AI. A wager, a trade, a contract – can you tell the difference? Each one involves a calculated risk predicated on a hoped-for outcome. Prediction markets blur the boundary further. Even before Polymarket correctly called the winner of last year’s US presidential election the line was pretty...
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Chinese Bitcoin Mining Tech Producer Bitmain Is Betting Big On America—But Why?
Crypto mining hardware producer Bitmain Technologies is preparing to establish its first U.S. facility later this year, a move influenced by shifting industrial policies and a growing “Made in America” sentiment within the digital asset sector. What HappenedL According to Bitmain’s global business head, Irene Gao, the company plans...
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Can SOL Break $230? These Chart Patterns Say Yes
TL;DR Solana has traded sideways for 18 months, unable to close above the $115 support and $230 resistance. Analysts say recent false breakouts may reset the stage for a larger breakout move. Weekly close above $230 could push Solana toward targets near $295 and possibly beyond. Range-Bound Movement Continues...
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