Bitmine Slows Ether Buys After Acquiring 1M ETH in 2026

Bitmine reduced its weekly ether purchases after months of rapid accumulation in 2026.The company bought 26,659 ETH last week, worth about $63 million at current prices.Bitmine now holds more than 5.2 million ETH, which equals about 4.31% of Ethereums circulating supply.Tom Lee said the firm slowed buying as it approached its long-term goal of owning 5% of supply.Bitmine has acquired over 1 million ETH since the start of this year.The companys total crypto and cash holdings stand at $13.4 billion.  Bitmine Immersion Technologies has reduced its weekly ether purchases after months of rapid accumulation. Chairman Tom Lee confirmed the shift after the firm approached its 5% Ethereum supply target. The company still holds over 5.2 million ETH after buying more than 1 million tokens this year.  Bitmine Eases Weekly Ether Accumulation Pace  Bitmine bought 26,659 ETH last week, valued at about $63 million at current prices. However, that figure equals roughly one quarter of its recent weekly average. The purchase increased total holdings to over 5.2 million ETH, or about 4.31% of the circulating supply.  Tom Lee addressed the change during remarks at Consensus 2026 in Miami. He said the company would reduce weekly purchases from over 100,000 ETH. “Our previous pace of buys

05-12

Jordi Visser Buys Ethereum to Bet on AI Payments, Tokenization

Veteran macro investor Jordi Visser has revealed a strategic bet on Ethereum (ETH), citing the growing demand for AI-driven agent payments and the expanding tokenization of real-world assets. Speaking on a podcast with Anthony Pompliano, the former hedge fund manager described the intersection of tokenization and AI as a transformative force in finance.  Visser argued that autonomous AI agents will increasingly rely on digital assets like Ethereum and stablecoins to operate online, as these do not require traditional banking access. “AI agents need food, and that food is tokens,” he said, emphasizing that the demand for such assets could lead to supply constraints. According to x402.org, autonomous AI transactions have already surpassed $24 million in volume over the past month, signaling early adoption.  Ethereum remains the dominant blockchain for tokenized assets, commanding over 60% of the market—including activity on its layer-2 networks—according to RWA.xyz. Visser linked this dominance to Ethereums ability to support price discovery for illiquid assets. He highlighted how tokenization could unlock capital trapped in sectors like private equity, private credit, and venture capital, offering a structural solution to longstanding inefficiencies.  “Tokenization is needed for no other reason than price discovery for a lot of these things that are trapped,” Visser

05-12

Ethereum Treasury Firm Sharplink Releases Q1 Earnings, Holds Over $2B In ETH

Sharplink, an Ethereum treasury company, announced its Q1 earnings results for FY26 on Monday, May 11. It revealed holding over $2 billion worth of ETH despite the massive unrealized losses.  Overview of Sharplinks Q1 Earnings Report  For the quarter that ended March 31, 2026, SharpLink posted a net loss of $685.6 million. It represents a huge increase than the net loss of $1 million in the same period last year.  The company attributed the drop to mainly the non-cash crypto-related charges related to its Ethereum treasury business. The ETH price decline in the first quarter led to a humongous loss of $506.7 million.  In addition, a loss of $191.7 million was recorded for the LsETH holdings. However, the ETH treasury losses are unrealized as the company sticks to its HODL strategy. Part of these losses were offset by $12 million in realized gains from ETH-to-LsETH conversions, redemptions, incentives and rebates.  Meanwhile, quarterly revenue rose to $12.1 million up from $0.7 million a year ago. The companys expansion of its Ethereum treasury strategy came into spotlighted via its staking operations.  Sharplinks staked Ethereum generated $11.5 million in total revenue. However, affiliate marketing revenue declined 25% to $557,000 in the quarter compared with $742,000 in the previous quarter.  Moreover,

05-12

Ethereum Cools Off Below $2,450 – Lower Leverage Sets The Stage For A Breakout

Ethereum is testing resistance as the market heats up and buyers attempt to force a decisive break above the level that has capped the recovery for nearly a month. The price action is building toward a resolution — and top analyst Darkfost has examined the derivatives data behind the current setup in a way that adds structural context to both the consolidation and what it might take to end it.  Ethereum has been trading between $2,250 and $2,450 for close to a month, a range that formed immediately after a 33% rally from the February lows. That rally was not quiet. Open interest increased by approximately $4.5 billion during the move, confirming a significant resurgence in derivatives participation.  What Darkfost identifies as particularly revealing is the funding rate picture throughout the same period. Despite the 33% rally, the surge in open interest, and the elevated leverage ratio, funding rates remained mostly negative. The majority of derivatives participants were not riding the recovery. They were betting against it — maintaining bearish positioning even as the price moved significantly higher, accumulating the kind of short exposure that creates structural pressure in the market above the price.  The Leverage Has Been Cleared. Now the Real Test

05-12

Gold drifts higher to near $4,750 ahead of US CPI inflation release

Gold price (XAU/USD) trades in positive territory around $4,750 during the early Asian session on Tuesday. The precious metal edges higher as traders assess developments in the United States (US)-Iran diplomacy and await key US inflation data, which is due later on Tuesday.  The US Consumer Price Index (CPI) report for April will be the highlight later in the day. The headline CPI is expected to show a rise of 3.7% YoY in April, compared to 3.3% in March, driven by surging oil prices. The core CPI is projected to show an increase of 2.7% YoY in April, versus 2.6% prior.  Any signs of hotter inflation in the US could lead to expectations that the US Federal Reserve (Fed) may keep interest rates higher for longer. This, in turn, could lift the US Dollar (USD) and weigh on the USD-denominated commodity price.  “There is just some bargain hunting coming in and positioning ahead of the U.S. inflation data this week,” said Jim Wyckoff, market analyst at American Gold Exchange.  Gold FAQs  Gold has played a key role in human‘s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the

05-12

European Council restores full trade ties with Syria after 14 years

The European Council restored fuller trade ties with Syria on Monday, ending the partial suspension of a cooperation agreement that had limited parts of the relationship since 2011.  The Council said the decision reinstates the full application of the EU Syria Cooperation Agreement and marks an important step toward strengthening bilateral relations. The move repeals the 2011 decision that suspended trade provisions after Bashar al Assad‘s regime cracked down on anti government protests at the start of Syria’s civil war.  The decision sends a clear political signal that the EU is willing to re engage with Syria and support its economic recovery, the Council said. The reinstated provisions cover trade related measures that had removed quantitative restrictions on imports of certain Syrian goods, including oil, petroleum products, gold, precious metals, and diamonds.  The move comes 18 months after al Assad was removed from power in December 2024, opening a new chapter between Brussels and Damascus. EU foreign ministers met in Brussels on Monday with Syrian Foreign Minister Asaad al Shaibani, launching a high level political dialogue with the countrys new government.  The EU had already moved to loosen its economic restrictions on Syria. In 2025, the Council lifted economic sanctions on the country, except

05-12

SOL Price Prediction: $108 Target Within 14 Days as Bulls Push Through Key Resistance

SOLs Bullish Momentum Builds  Solana has broken through a critical resistance level at $95.10, now trading at $95.37 and showing the kind of price action that typically precedes major moves. The breakthrough comes with healthy volume backing of $291 million in 24-hour Binance spot trading, suggesting institutional participation without the frothy speculation that marks market tops.  Technical momentum is building as SOL trades above its key moving averages, with the 7-day at $91.55 and 20-day at $87.21 now serving as support levels. The RSI reading of 68.94 indicates room for further upside before reaching overbought conditions, while current positioning above the upper Bollinger Band at $95.10 demonstrates genuine breakout momentum rather than false signals. This Blockchain.news technical analysis points to a market ready for the next leg higher.  Volume and Market Structure Signal Strength  The current trading range between $92.91 and $97.00 shows buyers stepping in aggressively on any weakness while sellers remain disciplined near resistance. Funding rates holding steady at 0.0089% indicate futures markets arent overextended, leaving room for leveraged buying to accelerate any upward breakout without the risk of immediate long liquidations.  SOLs ability to maintain levels above $95 after multiple tests demonstrates real accumulation rather than speculative buying. When retail participation increases

05-12

IREN Nvidia deal worth $3.4B over five years

IREN has signed a $3.4 billion IREN Nvidia deal to deploy up to 5 gigawatts of AI infrastructure over five years.IREN will provide Nvidia with managed GPU cloud services worth $3.4 billion over five years for the chipmakers internal AI and research workloads.Nvidia received a five-year warrant to purchase up to 30 million IREN shares at $70 each, representing a potential $2.1 billion equity stake.The partnership builds on IRENs prior $9.7 billion agreement with Microsoft, pushing the companys total committed revenue past $15 billion.  Bitcoin miner turned AI infrastructure provider IREN has announced a five-year, $3.4 billion AI cloud contract with Nvidia, alongside a broader strategic partnership to build out 5 gigawatts of next-generation infrastructure. The deal was disclosed alongside IRENs third-quarter FY2026 earnings on May 7.  IREN will provide Nvidia with managed GPU cloud services for its internal AI and research workloads. The partnership centres on deploying Nvidia‘s DSX architecture across IREN’s global data center pipeline, starting at its 2-gigawatt Sweetwater campus in Texas.  What the Nvidia warrant means  As part of the deal, Nvidia received a five-year warrant to purchase up to 30 million IREN ordinary shares at $70 each. If fully exercised, that represents a potential equity investment of $2.1 billion,

05-12

Sui Surges 50% on Institutional Interest and Stablecoin Push

“This positions Sui as low-friction rails for payments and liquidity and also attractive to agentic AI payments. The Nasdaq angle is also notable: it puts SUI in the same public company treasury/equity market access group as BTC, ETH, SOL and others, signaling growing institutional comfort,” McMillin added.  “Sui is shifting from promising L1 or high-beta play to actual adoption story. The combo of institutional staking, zero-fee ambition and regulated futures access is rare among alts. Watch on-chain metrics post-announcement for confirmation.”  At the same time, Abiodun said Friday the Sui networks prediction market DeepBook Predict was going live on the testnet. A March report from Bitget Wallet and Polymarket found that prediction markets are among the most active on-chain applications, with $25.7 billion in trading volume that month.  Rallys success depends on execution, rollout  SUI has settled at around $1.31 as of Monday. McMillin said that in the short term, the token could extend its rally because supply shocks and product news generally sustain momentum.  “We are also in an environment where we are seeing green shoots all over the crypto ecosystem and it looks more and more likely the bear market hibernation is over,” he said.  “Medium-term: more uncertain but constructive. Success depends on execution,

05-12

Clarity Act Senate Vote Scheduled for Thursday as Stablecoin Yield Fight Reaches Boiling Point

The Senate Banking Committee is scheduled to hold its long-awaited vote on the Clarity Act this Thursday, a market structure bill that would formally legalize the majority of crypto activity in the United States. After months of negotiation, industry leaders are voicing rare optimism, though unresolved disputes over stablecoin rewards, ethics provisions covering presidential business dealings, and protections for DeFi software developers continue to threaten the package. A compromise from Senators Thom Tillis and Angela Alsobrooks would restrict some stablecoin yield programs while permitting activity-based rewards, but banking groups argue the language still contains exploitable loopholes ahead of Thursdays committee markup.  Binance disclosed that its in-house security stack blocked roughly $10.5 billion in user losses between the start of 2025 and the first quarter of 2026, attributing the result to more than 100 deployed machine-learning models. The exchange said it intercepted 22.9 million phishing and scam attempts in the opening quarter of this year alone, safeguarding an estimated $1.98 billion in customer funds, with the bulk of attempted theft routed through compromised wallets and cross-blockchain bridges. Internal research pegs annual crypto-related fraud at $17 billion in 2025, a 30% year-over-year jump, while recovery operations returned $12.8 million across 48,000 cases.  Morgan Stanley‘s

05-12
1
...
586588
...
1000