Category: crypto

Bitmine Immersion Technologies slowed down its purchases of Ethereum after acquiring over 5.2 million tokens, which is 4.3% of Ethereum’s total supply. Chairman Tom Lee said the previous pace would have reached their 5% target by mid-July. Bitmine holds over 4.7 million ETH staked, generating an estimated $319 million in staking rewards annually.

Galaxy Digital believes that seven Democratic senators on the Senate Banking Committee will influence the fate of the CLARITY Act during its scheduled markup on May 14. The bill needs bipartisan support and addresses issues such as stablecoin rewards, banking pressure, and AML safeguards. Democrats seek stronger safeguards in the bill.

Australia’s Labor government plans to replace the capital gains tax discount with an inflation-indexed model starting in July 2027. This change could result in higher tax liabilities for long-term crypto investors. The proposal has faced criticism for potentially discouraging investment in productive sectors of the economy.

Tokenized gold trading volume surpassed 2025’s full-year total in Q1 2026, reaching $90.7 billion by March 31. PAXG and XAUT were the leading tokens driving this activity. The market is expanding beyond trading, with new blockchain launches and bank-backed products. Institutions are also exploring tokenized gold offerings.

Capital B raised €15.2 million from institutional investors, including Adam Back and TOBAM. The funding could increase its bitcoin holdings to 3,125 BTC. Warrant exercises linked to the placement could unlock another €99.1 million in capital. Back is expected to control 13.43% of the company, while TOBAM’s ownership would rise to 4.20%.

Last week, digital asset investment products saw $857.9 million in inflows, marking the sixth straight week of positive flows. Bitcoin led the demand with $706.1 million, while Ethereum, Solana, and XRP also attracted capital. The increase was attributed to improving market sentiment and the potential impact of the CLARITY Act.

Binance has extended access to its Institutional Loan product to all KYB-verified VIP clients, offering higher leverage limits, fixed-rate borrowing terms, and an interest rebate program tied to trading activity. The update removes the previous VIP 5 requirement and allows clients to borrow against combined account equity without transferring collateral between accounts.

Ripple CTO Emeritus David Schwartz proposed names like Umbra and Veil in a Solana privacy discussion on X. The exchange highlighted shared blockchain privacy concerns between Ripple and Solana communities. Recent developments show Solana and ZK teams advancing privacy infrastructure. Schwartz’s involvement emphasized the intersection between XRP and Solana.

Polish Prime Minister Donald Tusk is preparing a new crypto-assets bill following allegations against Zondacrypto, prompting pressure to regulate digital asset platforms in Warsaw. The proposed bill aims to impose tougher penalties on platforms exploiting investors and threatening national security. President Nawrocki’s office will review the draft before taking a stance.

Bitget is launching preOPAI on IPO Prime, offering users a token linked to OpenAI’s potential future listing. The token does not represent direct equity in the company. The sale opens on May 12 at $725 per token, with a total subscription value of $21.08 million. Holders do not own real shares of OpenAI.