Author: 行政
BitMine’s push to turn one of the world’s largest corporate Ethereum holdings into a source of recurring income generated nearly $46 million from staking last quarter.Yet a $92.1 million options loss overwhelmed those gains, while rising treasury costs and aggressive share issuance further weakened the economics for existing shareholders.For the fiscal third quarter ended May 31, the firm reported that revenue surged to $46.5 million from $2.1 million in the same period a year earlier. Approximately 98%, or $45.7 million, came from staking and validation as BitMine accelerated its shift away from Bitcoin mining and toward an Ethereum-focused treasury model.Despite…
According to online chatter, you’d be mistaken to think that Sony will soon let PlayStation users buy games using a Sony-issued cryptocurrency. However, the crypto community may be getting ahead of itself.On July 2, the Office of the Comptroller of the Currency granted preliminary conditional approval for a proposed Sony Bank-owned trust bank called Connectia Trust. Neither that decision nor Sony Bank’s announcement names PlayStation, the PlayStation Store, or game purchases.The approval simply outlines a financial-services structure that could support payments on Sony properties in the future, but a PlayStation product is not part of the public record.What Sony has…
If you use a crypto platform in the European Union or the United Kingdom, some of your 2026 activity may already be being recorded and will be used to feed tax-information reports in 2027.The EU’s DAC8 rules and the UK’s Cryptoasset Reporting Framework, known as CARF, both began applying on Jan. 1, 2026. The reporting chain now has three distinct stages: a provider collects information during 2026, sends an annual report to the authority to which it must report, and, in some cases, that authority routes the information to the user’s country of tax residence.Coverage depends on the provider, the…
Near $65K, Bitcoin’s 2 year social media drop off is hiding a $4.3 billion whale exit and a new class of buyers
Crypto discussion across X, Reddit, Telegram, and other major social channels has fallen to its second-lowest daily level since October 2024, according to Santiment.Bitcoin holds near $64,609 through that same stretch, with an intraday high of $64,832 and a low of $61,823 in recent sessions.That combination usually reads as a setup in which retail traders stop chasing every price move, making positioning less crowded and allowing larger investors to accumulate before public attention returns, at least in theory.A dual-axis chart shows Bitcoin near $64,609 as a crypto social discussion index falls to its second-lowest level since October 2024.A whale cohort…
Key takeaways Solana (SOL) has rebounded above its 50-day EMA at $76.82 after a 4% rally. Rising futures trading volume and positive funding rates point to growing bullish sentiment among retail traders. Solana ETFs have recorded two consecutive days of zero inflows, signaling muted institutional demand. Solana (SOL) extended its recovery on Wednesday, climbing above its 50-day Exponential Moving Average (EMA) after gaining roughly 4% in the previous session. The rebound comes as improving sentiment across the cryptocurrency market encourages renewed retail participation, while institutional investors remain cautious despite the broader market rally. Retail traders return to Solana futures Recent…
Circle incurred $1.4 billion in distribution costs connected to Coinbase in 2025, up from $924.5 million the year before, according to the company’s own 10-K filing.Those distribution costs equaled roughly 51% of its total 2025 revenue and reserve income.USDC circulation grew 72% year over year to $75.3 billion in the fourth quarter, and full-year revenue and reserve income climbed 64% to $2.7 billion. Circle retained a 39% margin after distribution and transaction costs, unchanged from 2024 even as growth accelerated.A chart shows Circle’s revenue growing from $1.68 billion to $2.7 billion between 2024 and 2025 while its RLDC margin held…
Key takeaways Pi Network (PI) is stabilizing above $0.07500 after more than two weeks of sustained selling pressure. Improving crypto market sentiment following softer U.S. inflation has boosted speculative interest in PI. PI open interest climbed from $9.11 million to $12.14 million, signaling renewed trader participation. Pi Network (PI) traded above $0.07500 on Wednesday, showing early signs of stabilizing after more than two weeks of persistent losses. The token’s recovery comes as broader cryptocurrency markets rebounded following softer-than-expected U.S. inflation data, improving investor sentiment and encouraging renewed interest in higher-risk digital assets. Although PI remains in a broader downtrend, technical…
US turns stablecoin issuer Tether into a financial weapon against Iran, freezing nearly $500 million
US authorities have used Tether’s control over its dollar-linked stablecoin to freeze about $475 million connected to Iran in less than three months, extending Washington’s sanctions reach beyond the traditional banking system.On July 14, the US government sanctioned four wallets on the Tron blockchain holding roughly $131 million in USDT. These addresses are linked to the Central Bank of Iran, also known as Bank Markazi.Tether Freezes 4 Tron Wallets Holding Iran Central Bank’s $131 Million (Source: Specter)Treasury Secretary Scott Bessent said the Office of Foreign Assets Control (OFAC) targeted the wallets as part of a broader effort to disrupt revenue…
Pakman says crypto token values remain too disconnected from the underlying economic performance of the networks they represent. He believes paying contributors in stablecoins could attract talent that prefers predictable compensation over speculative token exposure. He argues clearer regulation could eventually help strengthen the relationship between governance tokens and network value. CoinFund Managing Partner David Pakman believes one of the cryptocurrency sector’s biggest unresolved issues is designing token economies that genuinely reflect the long-term performance of the networks behind them. Pakman argued that the value of many native crypto tokens remains driven by narratives and social media activity rather than…
Democratic senators are demanding ethics safeguards tied to President Trump’s crypto interests before supporting the CLARITY Act. Trump’s reported US$1.4 billion (AU$2.03 billion) in crypto earnings has intensified debate as bipartisan negotiations continue. The bill would establish a federal regulatory framework for digital assets but still faces significant political hurdles in the Senate. Democratic opposition to the Digital Asset Market CLARITY Act is intensifying as the US Senate moves closer to considering the cryptocurrency market structure bill, with ethics rules emerging as the central point of dispute. Senators Chris Murphy, Chris Van Hollen and Jeff Merkley have urged colleagues to…