Bitmine Immersion Technologies (BMNR) said Monday it bought 65,341 ether (ETH) last week, extending a recent surge in purchases as the firm continues to lean into the market downturn. The latest acquisition, worth roughly $138 million at current ETH prices, lifted the firm’s total holdings above 4.66 million tokens, cornering 3.86% of ETH’s circulating supply,…
Crypto industry insiders got their first look at the revised market structure bill in the Senate, and the opening impression was that the language on allowable stablecoin yield was overly narrow and unclear, according to a person familiar with the current draft. The new language, which was announced Friday by Senators Angela Alsobrooks and Thom…
A new venture capital firm focused on prediction markets is launching with backing from Polymarket founder and CEO Shayne Coplan and Kalshi co-founder and CEO Tarek Mansour, Bloomberg reported. The firm, called 5c(c) Capital (named after a section of the Commodity Exchange Act that governs prediction markets) may be the first venture fund built specifically…
Bitcoin BTC$70,830.49 held onto gains Monday after an early surge above $70,000, but the rebound’s fate now hinges on what’s next between the U.S. and Iran. The move followed U.S. President Donald Trump’s announcement of a five-day pause on strikes against Iranian energy infrastructure, citing “productive” diplomatic talks. Iranian officials denied the existence of talks,…
The Solana Foundation is making a new pitch to large institutions: privacy as a customizable feature, not a trade-off. In a report released on Monday by the foundation, “Privacy on Solana: A Full-Spectrum Approach for the Modern Enterprise,” the organization argued that the next phase of crypto adoption will depend less on transparency alone and…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2025.84, up 0.2% (+3.37) since 4 p.m. ET on Friday. Seven of 20 assets are trading higher. Leaders: BCH (+2.3%) and SOL (+1.0%). Laggards: APT (-5.3%) and ICP (-3.6%)….
NovaBay Pharmaceuticals (NBY) — a nanocap with a market capitalization of about $30 million — has renamed itself Stablecoin Development Corporation and changed its ticker to SDEV, marking a full shift from healthcare to crypto. This follows a $134 million private placement backed by firms including Framework Ventures and Tether Investments, the company said. The…
BlackRock Chairman and CEO Larry Fink used his annual letter to shareholders to argue that digital assets and tokenization could help update the financial system, even as he warned that the U.S. economic model is leaving too many people behind. In the letter, Fink said the current system has delivered most of its gains to…
Strategy (MSTR) has unveiled a $42 billion at the market (ATM), equity program, split between $21 billion of Class A common stock (MSTR) and $21 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock, Stretch (STRC), according to an 8-K filing. The company also introduced a new $2.1 billion ATM for its STRK…
Backpack Exchange, a Solana-based cryptocurrency trading platform, launched on Monday its native token, BP, detailing a token generation event (TGE) that includes a mix of user distribution, lockups and a mechanism tied to company equity. At launch, 25% of the token’s 1 billion total supply—around 250 million BP—will be distributed, primarily through an airdrop to…
