Crypto bull market has begun, Tom Lee says as Bitmine nears 6M ETH

Bitmine chairman Tom Lee has said a crypto bull market is underway and could strengthen in the fourth quarter as the Ethereum treasury company added another 27,562 ETH worth roughly $75 million.  SummaryTom Lee says the crypto bull market began in late June and expects institutional exposure to increase during the final three months of 2026.Bitmine bought another 27,562 ETH worth roughly $75 million, taking its Ethereum treasury to nearly 5.98 million tokens.Lee said ETH has outperformed other macro assets by 6,519 basis points this quarter and could see a stronger move in Q4.Bitmine now has more than 5.06 million ETH staked, representing roughly 85% of its total Ethereum holdings.  According to Bitmine Immersion Technologies, Lee believes the bull market began in late June, supported by capital rotating from artificial intelligence stocks into crypto, stronger fundamentals around tokenization and AI, and what he described as the end of the four year crypto cycle.  “We believe a crypto bull market is underway, having started in late June, driven by a multitude of factors including the rotation from AI back to crypto, strengthening crypto fundamentals centered around both tokenization and AI and lastly, the ending of the 4-year cycle,” Lee said.  His comments accompanied Bitmines latest

09-21انڈسٹری

Bitcoin’s $84K rally isn’t saving miners as difficulty signals already flash caution

Bitcoins post-retarget relief for miners was real, but narrow.  Related Asset Bitcoin #1 BTC · $86,078.14 24-hour change: up 6.46% Loading price history… 24H Up 6.46% 7D Up 9.87% 30D Up 11.73%  Using a BTC price of $84,751, the completed difficulty increase and the latest gross hashprice is about $40.31 per petahash per second per day. That is roughly 2.65% above the prior modeled baseline.  However, the next difficulty estimate is pointing 2.48% lower. The estimate came after only 14.43% of the new epoch, making it an early signal from slower blocks rather than a result or proof that miners were switching off.  The two readings are compatible. Price had restored a modest amount of gross revenue per unit of computing power after the Sept. 19 retarget. The early block pace showed that the networks next adjustment remained unsettled.  Bitcoin mining economics improved versus the prior model  A Sept. 15 CryptoSlate analysis calculated that BTC would need to reach about $82,877 to neutralize the revenue-per-hash impact of the difficulty increase then forecast for Sept. 19. That was a modeled network threshold, not an industry-wide production cost.  The realized adjustment was less severe than projected. Mempool‘s completed difficulty history shows difficulty rose 4.1634% at block 967,680 on Sept.

09-21انڈسٹری

Strategy buys 950 Bitcoin after two week pause in purchases

Strategy has resumed Bitcoin purchases after a two week pause, spending $75.7 million on 950 BTC while deploying another $174 million to repurchase its STRC preferred stock.  SummaryStrategy bought 950 BTC for $75.7 million after a two week pause, raising its holdings to 846,000 BTC.The company spent another $174 million repurchasing 1.77 million STRC preferred shares during the same week.Strategy made no ATM sales during the period, while its deployable USD Cash fell nearly 20% to $1.05 billion.Strive separately acquired 1,355 BTC, increasing its corporate Bitcoin holdings to 26,355 BTC.  According to a Form 8-K filing with the U.S. Securities and Exchange Commission on Sept. 21, Strategy acquired the Bitcoin between Sept. 14 and Sept. 20 at an average price of $79,670 per coin, including fees and expenses.  The purchase increased the companys holdings to 846,000 BTC, acquired for a total of $63.80 billion at an average cost of $75,416 per Bitcoin.  Bitcoin was trading near $84,925 at the time of publication, putting the market value of Strategy‘s holdings at roughly $71.85 billion. Based on the company’s reported acquisition cost, the position carried an unrealized gain of approximately $8.05 billion.  Strategy shares gained 7.4% to $165.20 in Monday premarket trading as Bitcoin traded above the

09-21انڈسٹری

This blockchain just voted to shut itself down for a Solana-powered AI pivot

ZetaChains on-chain governance has approved retiring the networks standalone blockchain and moving ZETA to Solana as the project pivots toward private AI.  Related Asset ZetaChain #196 ZETA · $0.06 24-hour change: up 60.14% Loading price history… 24H Up 60.14% 7D Up 69.98% 30D Up 82.78%  Proposal 68 passed after voting ended Sept. 20, with about 99.44% of ballots supporting the plan. The on-chain tally showed 263.65 million ZETA voting in favor, 744,658 voting against, and 752,300 abstaining, giving core contributors a mandate to prepare the migration.  The vote does not immediately move tokens or shut down the network.  Related Asset Solana SOL · $117.81 24-hour change: up 8.73%  ZetaChain says its own L1 no longer fits  The planned shutdown marks a sharp strategic shift for a project founded in 2021 to connect otherwise separate blockchains.  ZetaChain spent years building a Cosmos SDK-based layer-1 designed to let applications interact with assets and contracts across networks including Bitcoin, Ethereum and Solana. Earlier this year, however, the project began concentrating resources on Anuma, a private multi-model AI application built around what it calls a Private Memory Layer.  Related Asset Ethereum ETH · $2,745.36 24-hour change: up 5.44%  ZetaChain now says maintaining its own blockchain no longer helps that effort. In Proposal 68,

09-21انڈسٹری

South Africa crypto firms pause R2.2 billion in deals over exchange controls

South African crypto companies have put at least R2.2 billion in deals on hold as proposed exchange control rules threaten to restrict how digital assets can be used for cross border transactions, according to people familiar with the matter.  People familiar with the transactions said at least 3 deals have been paused directly because of the proposed regulatory changes. They include an investment from a private equity firm and transactions intended to support capital formation for small businesses and corporate treasury management.  Industry participants have warned that the proposed framework could push some legitimate digital asset activity offshore or into informal channels. Some executives are considering legal action if the rules are adopted without significant changes, the people said.  South Africa crypto rules have stalled R2.2 billion in deals  South Africa is the second largest crypto asset market in Africa, where stablecoins are increasingly used by companies moving funds between regional operations.  Businesses have used stablecoins to repatriate profits and receive dividends from subsidiaries in African markets where access to hard currencies can be limited. Tethers USDT has become the preferred stablecoin for such activity in South Africa.  Onchain USDT transactions across 3 of the countrys largest licensed crypto exchanges approached R27 billion in the year

09-21انڈسٹری

Bitcoin hits $85,000 after $648M wipeout forces mass buying

Bitcoin surged above $85,000 as a wave of short liquidations accelerated the cryptocurrencys strongest advance since January.  Related Asset Bitcoin #1 BTC · $86,078.14 24-hour change: up 6.46% Loading price history… 24H Up 6.46% 7D Up 9.87% 30D Up 11.73%  Data from CryptoSlate showed BTC gained more than 5% over the past 24 hours to reach $85,193, extending its advance over the past 35 days to about 29%. The asset had eased to $84,545 as of press time after breaking through levels that had constrained its recovery for much of the year.  The rally caught bearish traders heavily exposed. CoinGlass data showed about $750.5 million of leveraged crypto positions were liquidated over the past 24 hours, with more than $648 million, or roughly 86%, coming from shorts. About 137,386 traders were liquidated during the period.  Related Company CoinGlass Cryptocurrency derivative data analysis platform  Bitcoin accounted for roughly $360 million of the liquidations, while Ethereum contributed nearly $171 million. The largest single liquidation was an $11.29 million BTC-USDT position on Binance.  Related Asset Ethereum ETH · $2,745.36 24-hour change: up 5.44%  The forced unwinding coincided with a sharp increase in aggressive buying across Bitcoin derivatives markets. CryptoQuant data showed net taker volume on Binance jumped from about $11

09-21انڈسٹری

Bitcoin Price Taps $85K, But the Coinbase Premium Index Just Went Negative

Bitcoin‘s price broke $85,200 earlier today for the first time in over eight months, yet the Coinbase Premium Index, the market’s favorite gauge of U.S. spot demand, slid back below zero.  Key TakeawaysCryptoquants Coinbase Premium Index read about -0.02 on Sept. 21 as BTC trades near $85,000.Over $260 million in shorts were liquidated within 60 minutes as bitcoin cleared $84,000.Bitcoin ETFs netted just $6.21 million from Sept. 14-18; a sustained positive premium is the next test.  The Number That Didnt Move  BTC has climbed about 6% over the past day and printed an intraday high of $85,248 just as $260+ million in short positions were liquidated in just 60 minutes. That is a sharp turn from the weekend, when Bitcoin.com News described bitcoins price hitting an $82K wall after a $7,000 rebound.  That said, one prominent market gauge didnt join in on the celebration. Onchain analytics firm Cryptoquant flagged that the Coinbase Premium Index had turned negative again, and its chart showed the index at roughly -0.02 with BTC near $81,500. The firm noted:  But from a market-structure perspective, a sustained return to positive territory would make the current BTC recovery more convincing.  But from a market-structure perspective, a sustained return to positive territory would make

09-21انڈسٹری

XRP Price Forecast: 10 Weeks of ETF Inflows

XRP is trading at $1.47, up nearly 7% over the past 24 hours, and the latest XRP price forecast now leans more constructive. Behind the rebound, another number keeps stacking up for long-term holders: spot XRP exchange-traded funds (ETFs) are on pace for a 10th consecutive week of net inflows. Whether that streak can revive the $10 target in bull-case forecasts is a separate question, one this piece gets to below.  The inflow data tells a story of persistence rather than momentum. After two weeks of nearly $19 million in combined inflows, the most recent five-day period saw that figure cut roughly in half, yet the streak held.  $5.15 million single-day outflow on Thursday, September 18, the largest since September 2. Still, the fund group finished the week up about $9.6 million, keeping the 10-week green streak intact.  That resilience matters because it‘s happening against a messier regulatory backdrop. The CLARITY Act market structure bill failed a Senate cloture vote on September 20, and XRP dropped roughly 11% intraday on the news. Institutional flows didn’t blink. Retail price action did, but only briefly: XRP has since erased those losses and pushed to fresh weekly highs.  $XRP is pumping: $1.47, up nearly 7% in 24H.

09-21انڈسٹری

ECB launches Pontes to settle blockchain transactions in central bank money

The European Central Bank has launched Pontes to settle blockchain based wholesale transactions in central bank money while preparing to invest part of its €23 billion own funds portfolio in digital securities.  SummaryECB has launched Pontes to settle blockchain based transactions using central bank euros.Deutsche Bank, Santander and Clearstream are among the first institutions onboarded to the service.ECB plans to invest a small portion of its €23 billion own funds portfolio in highly rated blockchain based debt securities.  According to the European Central Bank, the new service connects distributed ledger technology platforms used by financial market participants with the Eurosystems TARGET Services, allowing transactions involving tokenized assets to settle in central bank euros.  Deutsche Bank, Santander and securities clearing group Clearstream are among the first institutions to complete onboarding and gain access to the platform. Pontes will initially operate between 8 a.m. and 4 p.m. CET on business days, with the ECB planning to extend its operating hours and functions over time.  The launch puts into operation a project that the central bank has been developing as financial institutions experiment with issuing, trading and settling securities through distributed ledgers. Unlike settlement through privately issued stablecoins or other forms of commercial money, Pontes gives participating

09-21انڈسٹری

French family bound for hours as attackers demand €40,000 in crypto

Four masked men have held a family of four captive for more than three hours at their home in northern France and forced the father, an IT worker in the crypto sector, to transfer €40,000 in digital assets.  According to BFMTV, the attackers entered the family home in Vendin-le-Vieil at around 4 a.m. Sunday and restrained the couple and their two children, aged eight and twelve.  The Béthune prosecutors office said the 40-year-old father works as a salaried IT specialist in the digital currency sector. Prosecutors have opened an investigation into unlawful detention and extortion following the attack.  Attackers forced victim to reveal crypto access codes  Once inside the property, the four hooded men bound the family with black tape and searched the house, France Télévisions reported, citing a police source.  The attackers later separated the father from the rest of his family and assaulted him while demanding access to his cryptocurrency. He was forced to “communicate his identification information and codes,” the police source said.  During the ordeal, the couples 12-year-old daughter was struck in the face with car keys, according to a source close to the investigation.  The attackers eventually obtained roughly €40,000, worth approximately $46,000, before leaving the property. The family managed to free

09-21انڈسٹری
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