CMC Crypto News

Lee oversees BitMine's Ethereum accumulation strategy and drew parallels to the "Nixon Shock" period to support his projection.

The notes carry an initial conversion price of approximately $6.86 per share, representing a 30% premium to Bitfarms' last closing price of $5.28.

Funds managed by BlackRock, Grayscale, Bitwise, VanEck, and Valkyrie also reported negative flows.

VanEck submitted an S-1 form Thursday for the VanEck Lido Staked Ethereum ETF, which will track stETH performance, Lido's liquid staking token.

The integration provides access to over 1 million SOL-based tokens through Uniswap's interface.

The move would position Ripple as the dominant player in XRP treasury operations, a space that has seen limited activity compared to Bitcoin and Ethereum.

The global custodian is focusing on supporting the broader ecosystem rather than issuing a branded stablecoin.

The payments giant argues that stablecoin-based lending could enable traditional institutions to bring parts of this massive market onto digital rails.

The acquisition brings DeFi Development's total position to 2,195,926 Solana and SOL-equivalent tokens, valued at approximately $426 million.

Companies holding USDC balances in Coinbase Business accounts will earn 4.1% APY, with the ability to cash out on demand to linked bank accounts via Wire or ACH.

The treasury company holds approximately 839,000 Ethereum tokens on its balance sheet following a strategic pivot from online gaming in June.

Jon Steel, global head of product and platform for BlackRock's cash management business, stated the firm aims to be a preeminent reserve manager for stablecoin issuers.

The acquisition gives Ripple access to Fortune 500 companies that rely on GTreasury's platform for managing cash, foreign exchange, and risk operations.

The chain rolled out Bitcoin payment options to all locations in May, giving more than 100 million customers the ability to exchange Bitcoin for burgers and milkshakes.

The investment represents one of a16z's largest crypto deployments in recent years, particularly following the post-FTX bear market.

The crypto market capitalization decreased 1% to $3.85 trillion as traders moved capital away from riskier assets.

The arrangement adds crypto assets directly to the company's corporate treasury as part of a broader digital asset strategy.

The on-chain analytics firm said failure to reclaim the $117,100 level could trigger deeper price contractions.