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BitMine bought the dip, now owns more than 4 million ETH

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BitMine Immersion Technologies (BMNR), the ether treasure company led by Fundstrat’s Thomas Lee, crossed 4 million ether ETH$3,007.74 milestone after acquiring 98,852 tokens last week, according to Monday’s update. The purchase, valued at around $300 million at Monday prices, brings BitMine’s total ETH holdings to 4,066,062 tokens, or 3.37% of the current ETH supply. The […]

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Benchmark sees nearly 100% upside on the stock after AI trade

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Wall Street brokerage Benchmark said bitcoin miner Hut 8 (HUT) is using last week’s River Bend announcement to cement a shift from a crypto-first electricity owner to an institutional-grade digital infrastructure platform. Analyst Mark Palmer said the structure, counterparties and cash flow quality set HUT’s deal apart from the wave of recent AI data center

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JPMorgan Weighs Institutional Crypto Trading Amid Rising Demand

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JPMorgan Chase is considering whether to offer cryptocurrency trading services to institutional clients, Bloomberg reported Friday, citing a person familiar with the matter. The move would make the largest U.S. bank by assets one of the most prominent financial institutions yet to consider entering the crypto trading space for larger clients. According to the report,

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BTC gives up early Monday gains and falls back below $88,000

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Bitcoin BTC$89,127.04 and other cryptoassets fell again steadily through the US session on Monday, with BTC slipping below $88,000 after earlier climbing above $90,000 and ETH falling back below $3,000. Some crypto-related stocks are still holding gains, led by Hut 8 (HUT), which continues to rise following its agreement last week for a 15-year AI

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ETHZills (ETHZ) Sells $74.5M in ETH to Clear Liabilities

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It’s the digital wealth bubble in reverse, as companies once determined to accumulate crypto on their balance sheets turn to digital asset sales in an attempt to either prop up falling stock prices or reduce outstanding debt. ETHZilla (ETHZ), a Nasdaq-listed company focused on building a reserve of the second largest cryptocurrency, ether ETH$2,990.39late Friday

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Coinbase (COIN) Agrees to Buy The Clearing Company to Deepen Prediction Markets Push

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Coinbase (COIN) said it agreed to buy The Clearing Company to help grow its newly launched prediction market as part of the crypto exchange’s plan to become an all-in-one platform for trading everything. San Francisco-based The Clearing Company is a startup led by Toni Gemayel, who has worked extensively in the industry, including as head

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