BLOCKCHAIN • CRYPTOCURRENCY • NARRATIVE JOURNALISM
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Bitmine has a ceiling. Tom Lee, the firm's chairman and co-founder, has stated that Bitmine will stop purchasing Ethereum once its holdings reach 5% of the cryptocurrency's total circulating supply, setting a defined upper limit on one of the most aggressive corporate ETH accumulation strategies in the market.
What remains unconfirmed is the originating wallet, the specific forfeiture case, and whether the transfer represents pre-sale positioning or a custody consolidation. No agency has publicly claimed the transaction at the time of writing.
Russia has approved Sberbank, the country's largest state-owned bank, as a regulated crypto custodian authorized to hold Bitcoin, Ethereum and Tether's USDT on behalf of clients, a significant step in Russia's push to bring digital assets under formal banking oversight.
Selig's remarks underscore a recurring tension: the CFTC has been pressing Congress to deliver clear statutory authority over digital asset markets, but legislative action has repeatedly stalled.
A crypto user lost $30,004 in USDT after sending funds to a fraudulent Ethereum address in what on-chain security monitors identified as an address-poisoning attack, one of the most deceptively simple scams in crypto.
The Commodity Futures Trading Commission has moved to fill a regulatory vacuum by proposing its own federal framework for crypto markets, a direct response to Congress's failure to pass market structure legislation that would have set the rules of the road for the industry.
The expansion builds on an existing relationship between Ripple and Brevan Howard, the macro-focused alternative asset manager.
A $25 billion figure puts OKX in rare company among crypto exchanges. Kraken's parent company Payward recently attracted a $21 billion valuation in a Nasdaq-led investment round , making OKX's reported number a meaningful step above its closest publicly benchmarked rival.
Polymarket has taken the Dutch gambling regulator, Kansspelautoriteit (KSA), to court in a direct challenge to the authority's ban on event contracts, opening a legal front that could determine whether prediction markets can operate freely in the Netherlands.
Circle, the company behind the USDC stablecoin, is facing public criticism after hiring a man who was charged by regulators with promoting an initial coin offering that authorities described as a scam.