BitMine Buys 34% More ETH Week-Over-Week, Adding 110,288 Ether

BitMine’s digital treasury accumulation is showing no signs of slowing down, with its latest week of Ether buying marking a 34% increase from the week before.  BitMine Immersion Technologies announced the purchase of 110,288 Ether (ETH) on Monday, bringing its total to 3,505,723 ETH at an average purchase price of $3,639 per token. As part…

Senate Ag Releases Crypto Market Structure Bill Draft

The US Senate Agriculture Committee has released its long-awaited discussion draft of crypto market structure laws, bringing Congress closer to passing legislation outlining how the crypto sector will be regulated. Republican Agriculture Chair John Boozman and Democrat Senator Cory Booker released the draft on Monday, which includes brackets around sections of the bill that lawmakers…

Bitcoin Short Squeeze To $112K Possible If US Shutdown Ends

Key takeaways: A US government shutdown resolution might spark a short squeeze, yet traders remain skeptical that it alone can sustain Bitcoin’s move beyond $112,000. Investor caution grows as AI valuations and weak consumer earnings weigh on risk appetite, limiting conviction in Bitcoin’s rally potential. Bitcoin (BTC) reclaimed the $106,000 level on Monday as the…

BNY Sees Stablecoins, Tokenized Cash Hitting $3.6T by 2030

Stablecoins and other forms of tokenized cash could grow to $3.6 trillion by 2030, according to a fresh report released by financial services giant BNY. The financial services giant said Monday that stablecoins alone could reach $1.5 trillion in market cap by the end of the decade, with tokenized deposits and money market funds contributing…

UNI Pumps 38% After Introducing Token-Friendly Proposals

The native token behind Uniswap rallied over 38% after the Uniswap Foundation and Uniswap Labs introduced a proposal aimed at making holding the token more appealing to investors. Among the potential changes outlined in the “UNIfication” proposal are activating a protocol-level fee mechanism to burn Uniswap (UNI) tokens and building a Protocol Fee Discount Auctions…

Senate Ag Releases Draft Crypto Bill

Today in crypto, a US Senate committee released a draft crypto bill, the US cleared crypto funds to participate in staking and the Bank of England opened consultations on its proposed stablecoin framework. Senate Ag releases draft crypto market bill The US Senate Agriculture Committee released its long-awaited discussion draft of crypto market structure laws…

crypto recovery, ETF ‘floodgate’ hopes

Institutional demand for digital assets saw a significant uptick as investors digested news about the US Senate reaching a much-awaited deal that could soon end the 40-day government shutdown. On Sunday, the US Senate advanced a procedural vote to end the government shutdown, with the final post-cloture vote expected to occur on Monday, according to…

ZKsync Creator Pitches Governance Token Redesign

The co-creator of the Ethereum-scaling solution ZKsync has proposed a major overhaul of its governance token, arguing it should prioritize “economic utility.” In a post on Tuesday to the ZKsync forum, Alex Gluchowski argued that while its ZKsync (ZK) governance token was effective in the project’s early stages as the “architecture and adoption path were…

crypto recovery, ETF ‘floodgate’ hopes

Institutional demand for digital assets saw a significant uptick as investors digested news about the US Senate reaching a much-awaited deal that could soon end the 40-day government shutdown. On Sunday, the US Senate advanced a procedural vote to end the government shutdown, with the final post-cloture vote expected to occur on Monday, according to…

BTC Rebound Targets $110K But CME Gap Clouds Outlook

Key takeaways: The Bitcoin double bottom pattern may boost bullish momentum toward $110,000. The CME gap near $104,000 could trigger a short-term retracement. Stablecoin buildup and short-term holders’ stress hint at near-term volatility. Bitcoin (BTC) staged a textbook double bottom pattern over the weekend, leading BTC to secure a bullish weekly close above its 50-week…