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BitMine Stock Climbs as Tom Lee's Firm Boosts Ethereum Holdings to $11 Billion

BitMine Immersion Technologies has significantly increased its Ethereum holdings, adding nearly $1 billion worth of ETH, bringing its total to approximately $11 billion. Following this announcement, BitMine's stock (BMNR) surged by over 6% to $53.60, although the stock remains down nearly 4% over the last week. The company possesses crypto and cash holdings nearing $11.6 billion, which includes 2.65 million ETH and $436 million in unencumbered cash. This expansion solidifies BitMine's status as the leading Ethereum treasury firm among publicly traded companies, surpassing SharpLink Gaming's $3.37 billion ETH holdings. Tom Lee, the firm's chairman, highlighted that Ethereum is central to intersecting trends in AI and cryptocurrency, stressing its importance for future financial services. He predicts a transformation in the financial landscape similar to historical shifts, cementing ETH's position as the primary asset for BitMine.

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Ripple Cryptographer: XRP Ledger ‘Uniquely Positioned’ for Trillions in On-Chain Assets

Ripple engineer J. Ayo Akinyele is working to make the XRP Ledger (XRPL) the go-to choice for institutions by focusing on privacy, compliance, and trust within its protocol. He emphasizes the importance of confidentiality in finance while discussing the need for transparency in public blockchains. Akinyele advocates for ‘programmable privacy’

Bitcoin chases new highs as crypto market cap crosses $4.21T

Bitcoin has surged 14% in a week, nearing $124,000 amid a US government shutdown. Key factors include a $1.6 billion increase in on-chain buying and a significant Coinbase premium gap of $92, indicating strong US demand. Analysts are watching for resistance near $130,000, with potential price discovery

Coinbase Applies for National Trust Charter for Federal Oversight

Coinbase has applied for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), which would place the firm under federal regulatory oversight if granted. This charter will enable Coinbase to expand its existing custody services by introducing new financial offerings such as payments

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