Ethereum at 10: The top corporate ETH holders as Wall Street eyes crypto

Ethereum at 10: The top corporate ETH holders as Wall Street eyes crypto

Ethereum turns 10 as corporate treasury firms and Wall Street entities increase their Ether holdings, signaling growing institutional adoption. Corporations and Wall Street entities are starting to recognize Ether as the next emerging treasury asset as the world’s second-largest cryptocurrency and blockchain network celebrates its 10th anniversary on Wednesday. Ethereum went live on July 30,…

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SEC votes to allow in-kind redemptions for crypto ETPs

SEC votes to allow in-kind redemptions for crypto ETPs

SEC Chair Paul Atkins said the new rules will make crypto exchange-traded products “less costly and more efficient.” The US Securities and Exchange Commission (SEC) has approved in-kind creation and redemption for cryptocurrency exchange-traded products (ETPs), allowing investors to exchange shares directly for the underlying crypto assets instead of cash. In a Tuesday announcement, the…

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BitMine tanks 27% despite touting ETH’s implied value at K

BitMine tanks 27% despite touting ETH’s implied value at $60K

David Grider, a partner at venture capital firm Finality Capital, said he thinks the Ether treasury company boom should bode well for the long-term price and inflows of the token. BitMine Immersion Technologies dipped nearly 27% despite a “chairman’s message” from FundStrat’s Tom Lee to bolster confidence in the Ethereum treasury company.  BitMine on Monday…

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Crypto on deck? Interactive Brokers explores stablecoin launch

Crypto on deck? Interactive Brokers explores stablecoin launch

Interactive Brokers joins a number of traditional finance institutions who are considering entering the stablecoin space, including JPMorgan Chase and Citigroup. Trading company Interactive Brokers is planning to expand its crypto footprint with services that could include a proprietary stablecoin. The move, reported by Reuters on Monday, would allow traders to fund brokerage accounts using…

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Strategy skipped Bitcoin buys last week amid new equity offering

Strategy skipped Bitcoin buys last week amid new equity offering

Michael Saylor’s Strategy did not purchase any Bitcoin last week, reporting just two acquisitions in July totaling 10,445 BTC, a 39% drop from June. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, reported no Bitcoin buys last week despite the asset seeing volatility after breaking all-time highs in mid-July. Strategy’s Bitcoin (BTC) holdings…

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