Category: crypto

BitMine Immersion Technologies has purchased 7,080 ETH for about $19 million, increasing its total stash to over 3.7 million ETH, representing more than 3% of Ethereum’s total supply. The company has been on a buying spree, acquiring a total of 23,773 ETH worth roughly $70 million in the past three days. They are aiming to…

The FDIC will propose a new application framework for stablecoin issuers later this month, as confirmed by Chairman Travis Hill. Prudential rules for capital and liquidity standards are expected early next year. The FDIC is also preparing guidance on tokenized deposits and bank asset tokenization following the GENIUS Act.

Canaan and SynVista are collaborating on an AI-driven platform to match Bitcoin mining with surplus renewable power. The platform will tokenize energy, carbon savings, and mining yields on-chain, aiming to reduce Bitcoin’s energy footprint and improve transparency in renewable energy investment. The system uses AI to align mining activity with real-time renewable energy availability and…

Blockchain forensics, exchange cooperation, and major seizures are increasing the recovery rates for crypto fraud victims. Recovery firms report success rates of 58-72% when cases are reported within 90 days. Professional recovery firms avoid upfront fees and never request seed phrases, working with law enforcement to freeze and seize assets.

BlackRock’s U.S. Bitcoin ETF has grown to $70 billion in assets, generating $245 million in annual fees and contributing to the firm’s total bitcoin allocations nearing $100 billion. Institutional confidence remains strong despite normal volatility-driven outflows. The ETF has become BlackRock’s most profitable product line, with significant inflows and adoption exceeding expectations.

Vanguard Group will now allow ETFs and mutual funds holding Bitcoin, Ethereum, XRP, and Solana to trade on its platform, a significant shift from its previous anti-crypto stance. The decision reflects a compromise to give investors regulated exposure to digital assets as demand in the financial industry rises. Vanguard will not offer direct crypto trading.

Federal Reserve Governor Michelle Bowman will speak to Congress about the need for new regulations for banks and stablecoins. She emphasizes the importance of supervision to protect financial stability while encouraging innovation. Bowman will also address the ongoing tensions between banks and crypto firms over charters and regulatory parity.

Large Dogecoin transactions have decreased to just four, down from a recent peak of 38, according to analyst Ali Martinez. This drop comes despite a short-term price increase and the coin trading near a key support level. Technical indicators, such as the RSI, suggest fading momentum as whale activity hits a 60-day low.

Yearn Finance has recovered $2.4 million from the $9 million yETH exploit with the help of Plume and Dinero. The recovered funds will be returned to affected users. The exploit targeted the legacy yETH stableswap pool but did not affect V2 and V3 vaults. Yearn is conducting a post-mortem and additional recovery efforts.

Alt5 Sigma is facing scrutiny over conflicting timelines in SEC filings regarding the resignation of its independent accountant and delays in quarterly reports. The company’s ties to Trump-linked World Liberty Financial have also raised governance and market concerns. Legal experts suggest that these discrepancies in filings could raise regulatory questions.