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Bitmine (BMNR) buys 61,000 ether (ETH) as Tom Lee sees end in sight for bear market

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BitMine Immersion Technologies (BMNR), the largest Ethereum-focused treasury firm, bought 60,976 ether (ETH) last week, increasing the pace of accumulation as the firm bets that crypto prices are nearing the end of what it calls a “mini-winter.” The latest purchase, worth about $120 million at current prices, lifted BitMine’s ETH holdings to over 4.5 million […]

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Stablecoin payment platform KAST raises $80 million Series A at $600 million valuation

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KAST, a stablecoin-powered financial platform focused on cross-border payments, raised $80 million in Series A funding led by QED Investors and Left Lane Capital, the company announced Monday. The company said it plans to use the funds to expand its product, invest in licensing and compliance, and expand its team. KAST is building a platform

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Strategy (MSTR) added 17,994 bitcoin last week, bringing total holdings to 738,731 coins

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Led by Chairman Michael Saylor, Strategy (MSTR) made a massive bitcoin purchase last week. The leading bitcoin tax company added 17,994 bitcoin to its holdings at a total cost of $1.28 billion, or $70,946 per share. coin. The company stack now stands at 738,731 BTC acquired for $56.04 billion, or $75,862 per coin. Bitcoin is

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Why bitcoin rises even as the S&P 500 and tech stocks stumble

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The outbreak of war in the Middle East has rattled the global markets, however bitcoin BTC$67,523.53 has done something unexpected: outperform stocks. Bitcoin has risen about 3.5% to $68,000 since the conflict between Iran, Israel and the United States began just over a week ago, according to CoinDesk data. Over the same period, it has

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US Inflation, Polkadot Upgrade, Solstice-Kamino Announcement: Crypto Week Ahead

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US inflation data is the key catalyst to watch this week as it could move the needle on market sentiment and Federal Reserve interest rate expectations. The war in the Middle East and other geopolitical risks have kept commodity markets volatile with bitcoin BTC$68,153.83 last week failed to stay above the $70,000 mark. The US-Israeli

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Banks need the Clarity Act more than crypto, says former CFTC Chairman Christopher Giancarlo

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The banking industry has more to gain from the stalled US Digital Asset Market Clarity Act, a bill aimed at regulating digital assets, than the crypto industry, according to Christopher Giancarlo, a former chairman of the country’s Commodity Futures Trading Commission (CFTC). “The banks need this more than crypto,” Giancarlo told Scott Melker on Sunday’s

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