Bitmine, the largest Ethereum treasury company co-founded by analyst Tom Lee, is issuing preferred shares carrying a 9.5% dividend yield to raise up to $300 million in fresh capital. The move mirrors the financing strategy pioneered by Michael Saylor's Strategy, which has repeatedly used preferred stock and
Treasury Secretary Scott Bessent has told the Senate Finance Committee that the Trump administration is actively pursuing a Strategic Bitcoin Reserve, marking a significant step toward formalising federal Bitcoin holdings. Bessent urged lawmakers to pass both the BITCOIN Act and the Clarity Act, legislation that would legally establish and potentially
Hyperliquid has captured a record share of the global perpetuals market, driven in part by HIP-3, its tokenized asset framework, which surpassed $62 billion in monthly trading volume. The milestone reflects growing institutional and retail appetite for decentralized derivatives infrastructure, with HIP-3 attracting significant speculative activity. However, the headline figures
Estate-linked wallets from the defunct Mt. Gox exchange transferred 10,422 BTC — valued at approximately $739 million — on June 2, heightening concerns about potential selling pressure during an already stressed market. The movement of long-dormant bankruptcy assets historically triggers caution among traders, who watch such transfers as early signals of
Solayer has launched Margin Trade on mainnet, a perpetuals trading platform built natively on Solana that allows users to trade crypto assets, commodities, and equities from a single unified margin account. The platform leverages the SVM-compatible Solayer chain, aiming to bring traditional financial instruments and digital assets together in a
Zcash has completed what developers describe as its most ambitious network upgrade, closing a vulnerability that could have enabled double-spending within its flagship Sapling privacy pool. Although no exploitation of the flaw was recorded before the fix, the risk highlighted the stakes of the upgrade. The update strengthens the protocol&
Bitcoin miner and AI infrastructure firm IREN is expanding into Australia with its first data center campus, targeting growing artificial intelligence compute demand across the Asia-Pacific region. The move follows IREN securing $3.65 billion in financing tied to its Microsoft AI contract, signalling an accelerating pivot from crypto mining