BitMine Buys 5,000 ETH From Ethereum Foundation in $10.2M OTC Deal

The Ethereum Foundation has finalized an over-the-counter (OTC) sale of 5,000 Ether to BitMine Immersion Technologies, a transaction worth about $10.2 million based on the agreed price of $2,042.96 per ETH. In a Saturday post on X, the foundation said proceeds from the sale will support core operations, including protocol research and development, ecosystem growth … Read more

Balaji Urges Crypto Industry to Build Tools for Refugees

Tech investor and former Coinbase chief technology officer Balaji Srinivasan has called on the crypto industry to develop more financial tools for refugees and stateless people. In a Saturday post on X, Srinivasan said the number of displaced individuals could grow as global conflicts intensify and economic migration increases. He pointed to examples ranging from … Read more

BlackRock Won’t Consider Exotic Crypto ETFs

BlackRock’s digital assets head, Robert Mitchnick, said the $14 trillion asset manager won’t get too creative with the types of crypto exchange-traded funds it offers, even as it launched a staking-focused Ether ETF on Thursday. Speaking on CNBC’s Crypto World segment on Friday, Mitchnick acknowledged that some of the crypto ETF structures that other asset … Read more

Bitcoin Strength Stuns Bears But They Haven’t Given Up Yet

Key takeaways: Bitcoin sits above $71,000 as weak US economic data and the US and Israel-Iran war drive investors toward scarce assets. Tech stocks’ correlation to BTC and rising oil prices suggest that the 5-month correction from $126,000 might not be over. Bitcoin (BTC) jumped above $73,000 on Friday, successfully locking in the 70,000 support … Read more