Bitmine, Ethereum’s main treasury company, said Monday that its Ether holdings had reached 5.78 million tokens, representing about 4.8% of Ethereum’s circulating supply, as the company moved closer to its stated goal of accumulating 5% of all ETH. According to Monday’s announcement, the company added 7,430 ETH (ETH) over the past week. Around 4.9 million … Read more
BitMine Immersion Technologies added a major position in Ethereum to its balance sheet, but market reaction shows that investors are not automatically rewarding every corporate crypto cash move. The company disclosed the purchase of 42,197 ETH, valued at approximately $73 million, in an SEC filing on July 16. The acquisition expands BitMine’s Ethereum treasury strategy … Read more
U.S.-listed Bitcoin exchange-traded funds (ETFs) are seeing renewed investor demand, but the latest streak of inflows has yet to provide enough momentum for a stronger recovery. Bitcoin ETFs saw $75.7 million in net inflows for the week ending July 17, marking a second consecutive week of positive flows. according to to SoSoValue data. The latest … Read more
Stock market traders are pricing in a high probability that the Federal Reserve will keep rates steady at its July meeting, with the probability increasing to 94% after weaker inflation data improved the market’s macroeconomic mood. This is important for Bitcoin because rate expectations remain one of the most important forces shaping risk appetite. When … Read more
The planned rollout would allow thousands of transportation contractors to receive digital yen payments more frequently and faster. AZ-COM Maruwa Holdings, a major Japanese logistics company, plans to adopt the stablecoin JPYC to make payments to around 2,300 trading partners, in what is expected to be the first time. large-scale enterprise use of the yen-denominated … Read more
Pump.fun transferred 81,712 SOL to Kraken, adding further pressure to the Solana market at a time when memecoin trading activity has cooled from previous highs. The transfer, worth approximately $6.15 million based on available on-chain data, came from the Pump.fun fee account and was viewable on Solscan. On-chain analyst EmberCN also tracked Pump.fun’s broader sales, … Read more