ETH: Bitmine nears 5% cap, ends accumulation phase
Bitmine holds 5.7M ETH and just launched a 9.5% perpetual preferred (BMNP) to keep funding the bet, but the company now needs real demand, not buying pressure, to make the position work.
Crypto business news — institutional moves, funding rounds, payments, partnerships, and country-level adoption.
Bitmine holds 5.7M ETH and just launched a 9.5% perpetual preferred (BMNP) to keep funding the bet, but the company now needs real demand, not buying pressure, to make the position work.
The naming-rights spend puts a crypto-native brand on a Power-4 college football venue at a $4.7M annual run-rate, and lands a week after Ripple's Kansas jersey-patch deal.
The flip back to Apple from Nvidia marks a pause in the AI-trade leadership rotation, with the iPhone maker's steadier multiple doing the work this round.
The Japanese securities group is buying its way into Singapore, Japan and on-chain yen settlement at once, the first full-stack vertical a major Asian financial group has tried to build.
75 million transactions at roughly $0.32 apiece over 30 days show the plumbing works, but a July study found only $187K of that flows to identifiable independent services, putting the real adoption…
The Japanese financial group's Singapore subsidiary clears a full MAS review, folding Coinhako into a regional crypto footprint that already spans Japan, Vietnam, and the Middle East.
The fresh $22.88M draw brings Abraxas's week-long haul to 45,996 ETH ($84.39M), a steady withdrawal cadence from Binance, Bybit, and Bitfinex that signals accumulation, not rotation.
The account bundles a stablecoin debit card, fee-free USDT transfers and Aave USDT0 yield into tiers priced in XPL, a structure that ties consumer onboarding directly to a DeFi lending market.
Cointelegraph Research and 8Lends map the structural fault lines between CeFi, DeFi pools and tokenized RWA credit, where the failure mode changes depending on what backs the claim.
The fund will test whether active management and adviser distribution can reverse investors’ strong preference for single-asset crypto exposure.
SBI now owns the parent of one of Singapore's regulated retail crypto venues, folding a MAS-licensed exchange into a group that already runs a domestic crypto trading unit in Japan.
The listing lands AERO on the world's deepest spot venue, but the Seed Tag is the reminder: Binance reserves the right to delist, and high-volatility pairs tend to open volatile.
Adding Ripple Payments Europe and 13 others pushes the EU's licensed crypto-asset service providers to 294, the clearest signal yet that MiCA is becoming the operational baseline for institutional…
SPCX has lost roughly 40% from its June peak, but $615M of perpetual futures exposure is still parked ahead of a $123B share unlock in early August.
The Depository Trust & Clearing Corporation picked Canton ($CC) and Ondo's rails for the first tokenized equity and treasury trades, with Chainlink oracles underneath.
BlackRock's CEO reads the flush as excess derivatives positioning, not weakening demand, with ETF flows and macro catalysts now the scoreboard traders care about.
A wallet believed tied to a16z offloaded 105,400 HYPE into a 9.7% daily slide, with another 190,000 HYPE routed through exchange aggregators and still in motion.
The compromise was unusual: the thread promoted tokenization arguments rather than a token sale, making it less obvious than a typical crypto account takeover.
Ripple's CLO is pressing lawmakers directly, framing a no-vote as a vote to preserve the regulatory gaps the industry has blamed for years of enforcement whiplash.
Tom Lee frames Bitmine's accumulation thesis as two converging tailwinds for Ethereum, just as BlackRock and JPMorgan quietly expand their ETH footprints alongside Bitcoin.