BitMine accumulates 42,197 ETH in a week, bringing its @ethereum holdings to 4.8% of total supply. The treasury company, chaired by @fundstrat, now holds 5.7M ETH worth ~$73M.
(The Defiant)
Affected by expectations surrounding the US midterm elections, S&P 500 futures fell 0.5%, Nasdaq futures fell 0.9%, Bitcoin prices fell more than 1% to around $76,800, and Ether and other major cryptocurrencies also fell in tandem.
Anthropic (ANT) is expected to list in about two weeks, with an anticipated valuation of $1.75 trillion. Currently, the market capitalization of pre-market contracts across various platforms is approximately $1.8 trillion. A whale is shorting Anthropic (ANT) pre-market contracts on Hyperliquid, with a current short position valued at $25.43 million, and is still adding to its position.
Ark Invest bought 12,835 shares of Circle Internet Group on Tuesday, worth approximately $965,400; at the same time, it sold 37,754 shares of Bullish, worth approximately $866,800. (Source: The Block)
According to Matthew Sigel, head of digital asset research at VanEck, with a hashrate of 1038 EH/s, an electricity price of $0.08, an S21 XP mining rig price of $3459, and a three-year depreciation period, Bitcoin would need to reach an average price of approximately $100,000 for miners to break even, and approximately $116,000 would be needed to achieve cash recouping by the end of 2028.
[Maylea Ma and Michael Ho: US Crypto Regulation Will Be Led by Federal Agencies] Maylea Ma, Vice General Counsel at 1inch, stated that substantial progress in US digital asset regulation will primarily come from the SEC, CFTC, and Treasury Department, rather than Congress. Michael Ho, co-founder of Doma Protocol's D3 team, stated that the stagnation of market structure legislation has left US crypto policy reliant on institutional guidance that can be overturned by future governments, leading to continued institutional investor caution.