Bit Digital has completed a sweeping pivot toward Ethereum, announcing it has fully transitioned its corporate treasury into ETH following a recent capital raise and the divestment of its Bitcoin holdings. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining […] Original
Japanese firm Metaplanet plans to eventually use its Bitcoin reserves to acquire cash-generating businesses, possibly including a digital bank in Japan. In a recent interview with the Financial Times, CEO Simon Gerovich said the company is racing to accumulate as much Bitcoin (BTC) as possible before turning its holdings into leverage for expansion. “We think of it as a Bitcoin gold rush,” Gerovich said. “We need to accumulate as much Bitcoin as we can… to get to a point where we’ve reached escape velocity and it just makes it very…
Bit Digital has officially pivoted to a fully Ethereum-based treasury strategy, dumping its remaining Bitcoin holdings in favor of the world’s second-largest cryptocurrency. According to a press release on July 7, the Nasdaq-listed company has sold about 280 Bitcoin (BTC) and now has about 100,603 Ethereum (ETH), making it one of the biggest institutional Ethereum holders in the world. The strategic pivot follows Bit Digital’s $172 million public offering in June, the proceeds of which were used exclusively to purchase Ethereum. The company already held 24,434 ETH as of March…
Digital asset company Bit Digital has pivoted its corporate treasury strategy from Bitcoin to Ether, saying the shift reflects its conviction that Ethereum will “rewrite the entire financial system.” Bit Digital used $172 million in proceeds from a recent public offering, along with funds from the sale of 280 Bitcoin (BTC), to acquire Ether (ETH), the company disclosed on Monday. As of the end of the first quarter, Bit Digital held 24,434 ETH — a position that has since grown to 100,603 ETH. The company’s stock, which trades under the…
Nano Labs has acquired 74,315 BNB for $50 million, pushing its total digital asset reserves to approximately $160 million. The company plans to expand holdings further as part of a long-term BNB treasury strategy. China’s Nano Labs Accelerates BNB Strategy With $50 Million Purchase Nano Labs Ltd (Nasdaq: NA), a prominent Chinese web3 infrastructure provider, […] Source CryptoX Portal
Key Notes After approving the Grayscale Digital Large Cap Fund (GDLC), the SEC has paused trading for the fund. Analysts believe the SEC intends to establish guidelines for crypto ETFs before proceeding with Grayscale’s application. There are suspicions that the conflicting guidance is a matter of internal politics at the SEC. The United States Securities and Exchange Commission (SEC) will not be taking any action on Grayscale’s Exchange Traded Fund filing for Solana SOL $153.0 24h volatility: 3.2% Market cap: $81.82 B Vol. 24h: $5.18 B , XRP XRP $2.28…
Nexo has announced a three-year partnership with the DP World Tour, becoming the Tour’s Official Digital Asset and Wealth Partner through 2027. This collaboration will kick off with six premier tournaments in 2025, including the Genesis Scottish Open and the BMW PGA Championship, featuring top players like Rory McIlroy and Scottie Scheffler. A highlight of […] Source CryptoX Portal
The SEC has approved NYSE Arca’s listing of a Grayscale large-cap fund holding bitcoin, ether, solana, XRP, and cardano, expanding regulated access to leading digital assets. SEC Approves Rule Change for Grayscale Crypto Fund Listing on NYSE Arca The U.S. Securities and Exchange Commission (SEC) on July 1 approved a rule change enabling the conversion […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Ethereum co-founder Vitalik Buterin has raised concerns that digital identity systems using zero-knowledge proofs, such as Sam Altman’s World project, could weaken online pseudonymity while introducing new risks. Buterin Argues One-ID-Per-Person Systems Create New Vulnerabilities In a June 28 blog post, Buterin argued that even privacy-focused designs face fundamental challenges when enforcing a one-identity-per-person rule. […] Source CryptoX Portal
‘Elliptic Data Fabric’ enables customers to embed data directly into their own data lakes, workflows and AI models for real-time digital asset decisioning LONDON, June 27, 2025 /PRNewswire/ — Elliptic, the global leader in digital asset decisioning, has announced an industry first, offering direct access to its market-leading datasets and intelligence, ‘Elliptic Data Fabric,’ via subscription. As the digital asset industry undergoes exponential growth, traditional SaaS solutions delivered through apps or API feeds are no longer meeting the needs of all our customers — particularly when it comes to managing risk…