PayPal co-founder Peter Thiel recently bought a 9.1% stake in Fundstrat’s Ethereum Treasury company, Bitmine Immersion Technologies, according to a recent SEC filing. The filed SEC document revealed that Peter Thiel has acquired 9.1% of the total shares to BMNR. BMNR is the trading stock of BitMine Immersion Technologies, a crypto mining firm led by…
The crypto market slid lower on July 16 as rising U.S. inflation data dampened expectations of a Federal Reserve rate cut, while some investors locked in profits following recent gains. According to data from CoinGecko, the total crypto market capitalization fell to $3.78 trillion, down from around $3.91 trillion over the past 24 hours. Bitcoin…
Ethereum has broken above a long-standing resistance level, flipping it into potential support. If the retest holds, the stage is set for a continuation toward higher targets, including the $3,600 high time frame resistance. Ethereum (ETH) has successfully breached a key multi-month resistance level at $2,819, a zone that has historically capped upside moves. The…
The launch of Boundless’ incentivized testnet marks crypto’s first real stress test for production-ready zero-knowledge infrastructure. With the Ethereum Foundation and EigenLayer as early adopters, the scramble to operationalize ZK proofs across chains has officially begun. According to a press release shared with crypto.news on July 15, Boundless Network has deployed its Mainnet Beta on…
While Bitcoin remains the darling of corporate treasuries, SharpLink’s aggressive Ethereum play signals a shift. With nearly all its ETH staked, the company isn’t just holding, it’s actively shaping Ethereum’s economic future. On July 15, Minneapolis-based iGaming giant SharpLink Gaming announced that it had acquired 74,656 Ether (ETH) tokens for $213 million, completing the transaction…
The stock and crypto markets drifted upwards on Tuesday, July 5, after the U.S. published mixed consumer inflation data. Futures tied to the Nasdaq 100 and S&P 500 rose by 160 and 30 points, respectively. Bitcoin (BTC) pared back some of its initial losses and moved back above $118,000. Other altcoins like Ethereum (ETH) and…
The bank is rolling out the service to a select group of investors, positioning itself as the first major global bank to do so. According to a Tuesday Reuters report, Standard Chartered is launching spot trading for Bitcoin (BTC) and Ethereum (ETH) through its UK branch. The service will be offered specifically to institutional clients,…
Ethereum is gaining traction as a treasury reserve asset, and Minneapolis-based affiliate marketing and iGaming software firm SharpLink isn’t slowing down on its buying spree. On July 14, SharpLink made another major ETH purchase, adding 24,371 ETH to its holdings at an average price of $2,695. According to EmberCN data, the total value of the…
Just months ago, BitMine was another mining operation chasing cheap electricity to dig up Bitcoin. Now, it’s sitting on one of the largest corporate Ethereum treasuries outside of the Ethereum Foundation itself. The speed of this pivot has left industry veterans both impressed and skeptical. In a press release dated July 14, BitMine Immersion disclosed…
The crypto market is continuing its parabolic rally, and short sellers are paying the price. According to Coinglass data, the industry has seen a whopping $748.3 million in total liquidations over the past 24 hours, wiping out more than 130,000 traders. Short positions took the biggest hit, with roughly $623.3 million wiped out in under…
