Business

Tom Lee’s BitMine (BMNR) Increases Ether Holdings to $5.77 Million, 4.8% of Supply

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BitMine Immersion (BMNR) added to its Ethereum treasury last week, bringing its total holdings to 5.77 million ether (ETH), or approximately 4.8% of Ethereum’s circulating supply of 120.7 million tokens, according to a Monday press release. The company said nearly five million of its ETH holdings are staked, allowing it to earn staking rewards while […]

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Trump’s crypto wealth threatens Clarity Act talks aimed at barring US officials from conflicts

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On Monday, several Senate Democrats announced they would hold a press conference this week to voice their opposition to Clarity and what they said is its “failure to rein in President Donald Trump’s corrupt crypto plans.” Senator Murphy will join Senators Chris Van Hollen and Jeff Merkley at this event on Capitol Hill, which will

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Strategy Suspends Bitcoin Purchases as USD Reserve Hits $3 Billion

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Strategy (MSTR) has not purchased any bitcoin since June 22, when it acquired just 520 BTC for approximately $35 million. Since then, the company has shifted its immediate focus from bitcoin accumulation to strengthening its liquidity position. In the week ending July 5, Strategy sold 3,588 BTC in two transactions. He sold 1,363 BTC for

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Circle’s (CRCL) OCC Approval Fails to Allay Key Concerns, Mizuho Says

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The final approval of Circle Internet Group (CRCL) by the Office of the Comptroller of the Currency to create the first national digital currency bank is a positive step, but investors may be overestimating its importance, according to Japanese investment bank Mizuho. “While this is a positive development, we believe the market reaction is likely

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Bolivia plans to add Tether’s USDT to its national payments system

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Bolivia plans to add Tether’s USDT stablecoin to its national payments system, marking another step in the country’s move from banning crypto transactions to allowing regulated use of digital assets. Economy Minister José Gabriel Espinoza said in a press conference on Monday that the government was evaluating whether USDT could circulate alongside the Boliviano, the

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XRP-linked company lands in UK plan for pensions, bonds and tokenized funds

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The report also highlights a problem with permissionless chains: a confirmed transaction can, in theory, be reversed by a chain reorganization. This introduces final settlement risk that traditional infrastructure does not face. Nevertheless, according to the report, established companies in traditional finance and crypto-native companies are converging. As an example, he cites Ripple’s purchase of

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Battle for Blockchain Stock Ownership Heads to Washington Regulators

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“I encourage the Commission not to reject third-party equity tokens, but to treat them as what they are: a different class of financial instruments, clearly separated from actual shares.” Not everyone agrees Some market participants, however, argue that the STA’s proposal risks bringing together fundamentally different tokenization models. “The key is whether the tokens represent

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Robinhood Chain is off to a good start, says Bernstein

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Robinhood’s new blockchain (HOOD) has made a splashy debut, quickly becoming one of the most active networks for decentralized trading and bolstering the broker’s strategy to expand tokenized financial products, Wall Street broker Bernstein said in a research report published Monday. Since launching its mainnet on July 1, Robinhood Chain has generated $3.1 billion in

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MSTR made no changes to BTC holdings last week as it raised liquidity.

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Strategy (MSTR) increased its U.S. dollar reserve by $466.7 million to $3 billion last week through its at-the-market equity program, according to a regulatory filing Monday. The company maintains a reserve to support the payment of dividends on its preferred stock and the payment of interest on its outstanding debt. The strategy made no purchases

MSTR made no changes to BTC holdings last week as it raised liquidity. Read More »

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