BitMine’s $200 million MrBeast investment seen as strategic diversification: B. Riley
The investment gives BitMine exposure to consumer media and potential DeFi revenue streams, strengthening its treasury strategy beyond ether accumulation.
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BitMine expects $400 million income on ether holdings, bet on MrBeast could '10x'
BitMine Chair Tom Lee told investors that the company could generate over $400 million income on its $13 billion worth of ether holdings, primarily via staking.
Asset manager VanEck explains how one bitcoin could be worth $2.9 million by 2050
The asset manager’s base case assumes bitcoin gains traction as a settlement tool and reserve asset over the next 25 years.
$250M pulled from Lighter 24 hours after $675 million token airdrop
Onchain data from Bubblemaps revealed that roughly $250 million was withdrawn from decentralized perpetual exchange Lighter after it airdropped $675 million worth of LIT on Tuesday. In an X post, Bubblemaps questioned whether “all the (yield) farmers were leaving?” It also noted that Lighter users… Read More
Bitcoin and ether ETFs see $200 million outflows ahead of Christmas
Spot bitcoin and ether ETFs saw another round of outflows on Dec. 24 as traders moved into the Christmas break with reduced liquidity and a weaker appetite for risk. SoSoValue data showed bitcoin spot ETFs posted $175 million in net outflows on Wednesday, while ether… Read More
Bitcoin, Ether Drop Leads to $370 Million in Long Liquidations
Crypto markets absorbed one of their largest leverage resets in weeks in the past 24 hours with more than $514 million in positions liquidated over 24 hours as a sharp intraday swing triggered forced selling across major derivatives venues. Data from CoinGlass shows that longs… Read More