Tag: News

Ethereum News: Bitmine Targets $300 Million in Stock Offering: Is an Ethereum Treasury Strategy Next?

Ethereum News: Bitmine Immersion Technologies filed with the US Securities and Exchange Commission on Wednesday to launch a Series A Perpetual Preferred Stock offering, 3 million shares at $100 per share, targeting roughly $300 million in gross proceeds, and the market’s immediate read was not operational financing. It was ETH accumulation. Shares of the company (BMNR) closed up approximately 5.8% on Thursday even as Ethereum itself slid 1.7% over 24 hours to trade near $1,650, extending a weekly decline of close to 17%. The analytical question is not whether Bitmine…

Clarity Act News: Who Gets Blacklisted? How the Senate’s ‘Bad Actor’ Rules Could Redraw the U.S. Crypto Map

The Blockchain Association, a Washington-based crypto industry trade group is in the news as it convened an online town hall on Thursday to advocate for the Digital Asset Market Clarity Act, the Senate crypto bill commonly referred to as the Crypto Clarity Act, placing particular emphasis on the legislation’s illicit-finance provisions as the bill’s sponsors contend with fewer than eight weeks of Senate floor time before the chamber breaks for summer recess and the midterm elections cycle begins in earnest. Senator Cynthia Lummis, Republican of Wyoming and chair of the…

He Cracked the Code to Winning the Lottery 14 Times With a Hidden Method – Bitcoin News

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Key Takeaways Stefan Mandel won $27M in Virginia on Feb. 15, 1992, after covering 7,059,052 combinations. Mandel’s 14 jackpot wins pushed Australia and France to tighten lottery rules after 1992. Powerball’s 292,201,338 odds and new controls make Mandel’s strategy unworkable today. Stefan Mandel treated the lottery like a spreadsheet problem and kept cashing the answers. The Romanian mathematician orchestrated a network of backers to print and buy every possible combination, culminating in a Virginia jackpot on 02/15/1992 worth $27 million plus a pile of smaller prizes. Regulators from Australia to…

Polymarket Traders Put 62% Odds on Bitcoin Dropping Below $60K This June – Bitcoin News

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Key Takeaways Polymarket’s June bitcoin market, with $6.22M in volume, prices a 62% chance BTC drops to $60,000 or below. Kalshi’s $60K-vs-$100K contract gives bitcoin an 83% probability of hitting $60K first before year-end 2026. Myriad traders put a 67.9% edge on a $55K dump over an $84K pump in BTC’s next major move. As of 3:30 p.m. EDT on June 4, 2026, bitcoin is trading at $63,826, down roughly 2.8% on the day. The price level has become a focal point on Polymarket, Kalshi, and Myriad markets, where a…

Saylor Blasts Bitcoin Doom Narrative, Says $400B AI Frenzy Drained Crypto Capital – Bitcoin News

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Key Takeaways Strategy sold 32 BTC on June 1, 2026, ending its standalone sale streak since 2022. U.S. bitcoin ETFs logged $4B in outflows, adding pressure to BTC prices. Michael Saylor cites $400B artificial intelligence (AI) spending as a key factor to watch next. Strategy Boss Blames $400B AI Spending Wave At 10 a.m. EDT, bitcoin was trading between $63,500 and $64,500. The asset is down 26.5% year-to-date, 11.8% over the past week, and more than 20% during the last 30 days. It also sits roughly 48% to 49% below…

$1 Trillion Payments Giant Visa Tests Private Stablecoin Settlement for Institutions – Bitcoin News

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Key Takeaways Visa and Brale launched a 2026 SBC stablecoin settlement proof of concept. Canton Network privacy features target institutional payment and compliance needs. Visa, active in stablecoins since 2021, is evaluating additional settlement options. Visa Expands Stablecoin Strategy The collaboration centers on SBC, a U.S. dollar-backed stablecoin issued by Brale, and will examine whether privacy-enabled blockchain infrastructure can support faster and more programmable settlement while helping institutions protect sensitive transaction data. Visa said the initiative reflects growing interest among financial institutions in using stablecoins for settlement without sacrificing privacy,…

Bitcoin News Today: BTC Most Committed Holders Just Sold $2.4 Billion in 2 Days

Something is happening to Bitcoin today as news reports that BTC’s highest-conviction holders have sold approximately $2.4 billion in the past two days alone. This is defined by on-chain analysis as those holding for at least 155 days, with 26% of all bitcoin sold over the past 30 days originating from investors who acquired coins above $90,000. The moves coincide with a 12% week-to-date price decline from an October all-time high above $126,000, while spot ETF net assets have collapsed to $82.83 billion from $107.8 billion. Source: SoSoValue Compounding the…

XRP News: 4-Month Low on 14th Anniversary as Institutional Outflows Weigh on Price

XRP News: XRP price touched $1.15 on June 4, 2026, its lowest print in four months, shedding roughly 20% from the $1.50–$1.60 range where it had repeatedly stalled through May and wiping more than $10 billion from its market capitalization in a matter of days. The move triggered approximately $30 million in liquidations from leveraged traders, per available derivatives data, and was sufficient to push XRP’s market cap below $75 billionm, allowing USDC to overtake it as the fifth-largest cryptocurrency by that metric, according to CoinGecko rankings. The analytical question…

Crypto Holders Avoid Israel’s Tax Program, Exposing Just $50.7M of Hidden Capital – Bitcoin News

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Key Takeaways In August 2025, the Israel Tax Authority cut anonymity rules, causing crypto disclosures to drop to just 58. The policy shift left Israel with $14 million in revenue, missing a $700 million market collection goal. Taxpayers face a steep compliance hurdle before the current voluntary disclosure track closes on Aug. 31, 2026. Broad Underperformance Across All Assets Israel’s push to surface undeclared cryptocurrency holdings is falling far short of expectations, with new data showing that taxpayers are largely avoiding the country’s latest voluntary disclosure program. According to a…

Bitmine Targets $300M in Preferred Stock to Stack More ETH, Yields 9.50% – Bitcoin News

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Key Takeaways Bitmine filed to raise $300M through 9.50% perpetual preferred stock on June 3, 2026, backed by Moelis and Cantor Fitzgerald. The company holds 5,416,901 ETH worth roughly $9.89B total (using current exchange rates), with projected staking income of up to $296M annually covering the $28.5M dividend obligation. BMNR applied to list the preferred shares on NYSE under BMNP, with trading expected within 30 days of issuance pending approval. The Offering The said it company filed a preliminary prospectus supplement with the SEC on June 3, 2026, pricing 3,000,000…