Category: crypto

BitMine’s stock surged over 6% after revealing it holds 3.5 million ETH, worth $12.7 billion. The firm bought $400 million worth of ETH during a dip, increasing its stake by 34% week-over-week. BitMine aims to reach 5% ownership of Ethereum. The company’s stock has risen over 300% since July.

The U.S. Senate passed a bipartisan funding bill to end the government shutdown, leading to positive market sentiment. World Liberty Financial’s token, WLFI, saw a 25% increase to $0.1681. WLFI’s intraday volume spiked by 842.02% to $900 million. The rally of WLFI token outperformed major crypto assets and stocks.

Mantle has partnered with Anchorage Digital to provide institutional access to its native MNT token on Ethereum. This integration allows global institutions to custody MNT tokens on Ethereum using Anchorage Digital’s self-custody wallet, Porto. The partnership aims to boost Mantle’s ecosystem growth and increase institutional participation in decentralized finance.

Strive Inc. completed an IPO for its Variable Rate Series A Perpetual Preferred Stock, raising $160 million. The company now holds 7,525 Bitcoin, acquired through the IPO and recent purchases. Strive’s Bitcoin-focused strategy is supported by advanced risk controls and financial principles, positioning it as a leader in the digital treasury space.

The Bank of England’s new consultation paper introduces temporary limits on stablecoin holdings, capping individual holdings at £20,000 and businesses at £10 million to minimize financial risks. Despite past skepticism, the central bank’s revised approach signals a more positive stance towards stablecoins as part of the financial system.

Pi Network is nearing its mainnet v23 launch following a successful Testnet 1 phase that processed millions of transactions with minimal failures. This boosted investor confidence and increased PI price by over 3.5% in 24 hours. The network is also collaborating with OpenMind to handle decentralized AI workloads.

Crypto funds experienced $1.17 billion in outflows for the second consecutive week, with the majority coming from U.S. products. Bitcoin and Ethereum saw significant withdrawals, while Solana and other altcoins attracted inflows. Short Bitcoin ETPs gained $11.8 million, indicating a bearish sentiment in the market. European investors showed more confidence than U.S. investors.

Hacken has introduced the Yield Risk Score (YRS) framework to assess security, financial logic, and systemic risk in crypto yield products, giving investors a reliable measure of sustainability in volatile markets. The YRS evaluates protocols across three dimensions and aims to address a $49 billion blind spot in the industry caused by high-profile failures.

The price of Dogecoin is increasing ahead of the anticipated launch of Bitwise’s DOGE ETF at the end of the month. Speculation suggests that the ETF could debut within the next 20 days, potentially marking a significant milestone for the memecoin. Despite excitement, reaching $2.20 remains uncertain due to resistance and limited momentum.

Investors are losing confidence in Trump Media stock after a reported third-quarter loss of $54.8 million. The stock has declined 70% from its previous high, and its recovery depends on revenue growth, Bitcoin accumulation, and operational stability. Despite losses, the company holds $3.1 billion in Bitcoin, which could boost its stock price.