BitMine Immersion Technologies, Inc. (NYSE American: BMNR) successfully closed an $18 million initial public offering, issuing 2.25 million shares at $8 each. This strategic capital raise positions the company to
BlackRock , the world’s largest asset manager with over $11.5 trillion in assets under management, has once again demonstrated its deepening commitment to digital assets. According to on-chain data, BlackRock recently acquired 2,704 BTC (worth approximately $283.9 million) and 28,239 ETH (valued at $73.2 million). BlackRock bought 2,704 Bitcoin pic.twitter.com/Y8xzZ1RppT — Quinten | 048.eth (@QuintenFrancois) June 5, 2025 BlackRock’s iShares Bitcoin Trust ETF (IBIT) sees record inflows This strategic accumulation comes as BlackRock’s iShares Bitcoin Trust ETF (IBIT) rapidly climbs the ranks, now sitting among the top 25 ETFs globally by assets under management, with $72.4 billion amassed in just 1.4 years. Bloomberg ETF analyst Eric Balchunas highlighted IBIT’s “record-setting” inflows, $15.5 billion in just the first three months, putting it among the top ten ETFs in history for consistent inflow streaks. Here's a table of the Top 25 biggest ETFs and their age. At 1.4 yrs old $IBIT is youngest on list by NINE times. It's like an infant hanging out with teenagers and twenty-somethings. Quite poss the most insane IBIT stat yet (and there are many) via @SirYappityyapp pic.twitter.com/w63XSkD7f6 — Eric Balchunas (@EricBalchunas) June 3, 2025 In a further sign of institutional momentum, the Moscow Exchange (MOEX) announced it would debut Bitcoin futures linked to BlackRock’s IBIT ETF, available to accredited investors starting June 4, 2025. This offers Russian institutional clients a regulated channel to gain exposure to Bitcoin without holding the asset directly via a product tied to the world’s most dominant Bitcoin ETF . Featured image via Shutterstock The post BlackRock just bought $357 million of these 2 cryptocurrencies appeared first on Finbold .
The US law enforcement has seized crypto linked to BidenCash, the infamous dark web marketplace, accused of selling over 15 million stolen credit cards and personal data. The international operation took down around 145 darknet and traditional internet domains associated with the marketplace. BidenCash generated over $17 million in revenue during its operations that started in 2022, the US Attorney’s Office statement noted. Further, the marketplace also sold compromised credentials that could be used to access computers without authorization. BidenCash Charged Fee for Every Transaction The BidenCash domain carries an official notice that informs users that the domain has been seized by U.S. law enforcement. The operation is led by the United States Secret Service (USSS) and the Federal Bureau of Investigation ( FBI ). Additionally, these agencies were supported in the operation by the Dutch National Police (Politie), the nonprofit security organisation, The Shadowserver Foundation and Searchlight Cyber. Today, the FBI, along with partners at @TheJusticeDept and @SecretService , announced the seizure of cryptocurrency and ~145 domains associated with the BidenCash criminal marketplace, which generated millions in revenue by trafficking in stolen data https://t.co/CjXTxIrWkg pic.twitter.com/IBA8erItMl — FBI (@FBI) June 4, 2025 “Clearnet domain “/bidencash.asia” and onion (which now redirects to “/bidencash.usssdomainseizure.com”) displays a seizure banner,” wrote security researcher g0njxa. The infamous CC and access market "BidenCash" apparently had its domain seized by Law Enforcement in the past hours, the store is allegedly down. Clearnet domain "/bidencash.asia" and onion (which now redirects to "/bidencash.usssdomainseizure.com") displays a seizure banner. pic.twitter.com/sjZnUv82NZ — Who said what? (@g0njxa) June 4, 2025 During the operation, BidenCash administrators “charged a fee” for each transaction, while enabling over 117,000 customers to buy stolen credit cards. “Between October 2022 and February 2023, the BidenCash marketplace published 3.3 million individual stolen credit cards for free to promote the use of their services,” the DOJ noted. Besides, researchers have long warned about BidenCash , which initially started offering over 1 million stolen card numbers in October 2022. Law Enforcement Ramps Up Dark Web Crackdowns US authorities have been working on a growing list of dark web enforcement actions, targeting criminal networks that involves crypto. In May, Europol, in cooperation with law enforcement agencies from 10 countries, successfully carried out Operation RapTor. It targeted dark web fentanyl sales, arresting hundreds involved in illicit transactions involving crypto. Additionally, the DOJ recently seized over $24 million in cryptocurrency from a Russian national accused of developing and operating the Qakbot malware. The post US Authorities Seize 145 Darknet Domains, Crypto Linked to Biden Cash – What’s Happening? appeared first on Cryptonews .
BitMine, a leading player in the Bitcoin ecosystem, has announced a public offering to raise $18 million aimed at expanding its Bitcoin holdings. This strategic move highlights BitMine’s commitment to
South Korea’s leading digital asset exchange Upbit has announced the listing of Ravencoin (RVN) on the Korean Won (KRW) exchange, further expanding access to its blockchain platform optimized for asset transfers. Upbit Lists Ravencoin (RVN) on KRW Market Starting June 5 Trade Details Asset: Ravencoin (RVN) Market: KRW Network: Ravencoin Start of Trading: June 5, 2025, 17:00 Users are advised to verify the network before depositing as only RVN-Ravencoin network transactions are supported. Deposits made via other networks will not be processed and may experience significant delays in refunds. To ensure a fair and stable trading environment, Upbit will implement the following temporary restrictions: Buy Orders are Blocked: For approximately 5 minutes after the start of trading. Sell Price Floor: Sell orders below 90% of the previous day's closing price will be restricted for the first 5 minutes. Order Type Restriction: Only limit orders will be accepted during the first 2 hours of trading. Based on the previous day's closing price on the BTC market, the reference price for RVN will be 0.00000011 BTC (≈15.97 KRW). Users must strictly comply with Upbit's deposit rules. Only user-owned wallets with completed ownership verification will be accepted. Deposits must be made from registered virtual asset service providers (VASPs); otherwise, they will not be reflected in user accounts. Unsupported deposits may require a lengthy refund process. What is Ravencoin? Ravencoin (RVN) is a blockchain platform designed for the efficient transfer of assets and tokens. Upbit’s addition of RVN to the KRW marketplace is another step towards expanding its token offerings and supporting its emerging blockchain infrastructure. *This is not investment advice. Continue Reading: Bitcoin Exchange Upbit Announces Listing of This Altcoin on Its Spot Trading Platform! Here Are the Details
BitcoinWorld Ethereum: Massive $36.4M Abraxas Capital Withdrawal Sparks Binance Scrutiny In the fast-paced world of cryptocurrency, tracking the movements of large holders, often referred to as ‘whales,’ can offer valuable insights into market sentiment and potential future trends. A recent event that has caught the eye of on-chain analysts is a significant crypto withdrawal involving a substantial amount of Ethereum (ETH) from the world’s largest exchange, Binance . According to data shared by the blockchain analytics firm Lookonchain on X, a prominent entity known as Abraxas Capital has moved a staggering 13,771 ETH out of the Binance platform within the last 12 hours. At the time of the transaction, this withdrawal was valued at approximately $36.4 million USD. This isn’t just a routine transfer; movements of this magnitude by large capital allocators like Abraxas Capital are often tracked closely by the market. They can signal various intentions, ranging from strategic investment shifts to changes in custody preferences. Who is Abraxas Capital and Why Does Their Crypto Withdrawal Matter? While specific details about Abraxas Capital are not always publicly disclosed, their on-chain activity suggests they are a significant player in the cryptocurrency space – likely a large fund, institution, or high-net-worth individual managing substantial digital asset holdings. When entities like this make large moves, especially a major crypto withdrawal from a central exchange, it attracts attention because: Scale: Moving $36.4 million in ETH is a considerable amount that can potentially impact exchange liquidity or signal a large upcoming off-exchange activity. Intent: Large withdrawals often indicate a shift from a trading-focused strategy (keeping assets on an exchange) to a longer-term holding strategy, participation in decentralized finance (DeFi), staking, or preparation for over-the-counter (OTC) transactions. Market Signal: While not a guaranteed predictor, whale movements are sometimes interpreted as bullish (moving to stake or hold long-term) or bearish (preparing to sell OTC) signals by other market participants. Tracking entities like Abraxas Capital through on-chain data provides a layer of transparency that is unique to blockchain technology, allowing anyone to observe these large capital flows. Understanding the Implications of Moving Ethereum Off Binance A crypto withdrawal of this size from a major exchange like Binance can have several potential implications, both for the entity making the move and for the broader Ethereum ecosystem and market: For Abraxas Capital: Enhanced Security: Moving assets off an exchange into a self-custody wallet (like a hardware wallet) provides greater control and mitigates exchange-specific risks (e.g., hacks, regulatory issues). Access to DeFi and Staking: Off-exchange ETH can be used to participate in the vast Ethereum decentralized finance ecosystem or be staked to earn yield, activities not typically available directly on a centralized exchange. Preparation for OTC Trades: Large block trades are often executed off-exchange via OTC desks to minimize market impact, and withdrawing funds is a necessary step for this. For Binance: While $36.4 million is a significant sum, Binance manages billions in assets. This withdrawal is unlikely to have a material impact on its overall liquidity or operations, but tracking net flows (inflows vs. outflows) on exchanges is a metric used by analysts. For Ethereum and the Market: Potential Reduced Sell Pressure: ETH moved off-exchange is less likely to be immediately sold on the open market compared to ETH held on an exchange’s hot wallet. Signal of Confidence: Moving ETH for staking or long-term holding can be interpreted as a bullish signal, indicating confidence in Ethereum ‘s future value. Increased DeFi/Staking Participation: If the ETH is moved for these purposes, it contributes to the health and security of the Ethereum network. It’s crucial to remember that a single transaction, even a large one, is just one data point. Understanding the full context requires observing subsequent movements of these funds and looking at aggregate data across many whales and exchanges. Tracking Large ETH Movements: Leveraging On-chain Data The ability to track transactions like the one made by Abraxas Capital is a powerful feature of public blockchains like Ethereum . On-chain data analytics platforms, such as Lookonchain, process this publicly available information to identify and report on significant transfers involving large wallets or known entities. How On-chain Data Helps: Transparency: Provides visibility into asset flows that is impossible in traditional finance. Whale Watching: Allows tracking the activity of large holders, who often have significant market influence or early information. Identifying Trends: Aggregating data from many large transactions can reveal broader trends in investor behavior (e.g., accumulation phases, distribution phases, shifts towards DeFi). Security Monitoring: Helps identify potentially suspicious activities or large movements associated with hacks or exploits. However, interpreting on-chain data requires caution. While we can see *what* happened (ETH moved from A to B), we cannot definitively know *why* without further information. A withdrawal could be for staking, selling, lending, or simply changing custody solutions. Actionable Insights from Whale Activity While not financial advice, observing the actions of large players like Abraxas Capital through on-chain data can offer insights for other market participants: Consider Security: The move highlights the importance of self-custody for significant holdings. Consider the benefits and challenges of keeping funds off-exchange. Stay Informed: Follow reliable on-chain data sources to monitor large movements and understand potential shifts in market dynamics. Context is Key: Don’t overreact to single transactions. Look for patterns, aggregate data, and consider the broader market context. Explore Off-Exchange Opportunities: Understand why entities might move funds off exchanges (staking, DeFi) and research if these opportunities align with your own investment goals. The benefits of tracking such movements lie in gaining a deeper understanding of market structure and participant behavior, rather than using them as direct buy/sell signals. Conclusion: A Glimpse into Whale Strategy The withdrawal of 13,771 Ethereum by Abraxas Capital from Binance is a prime example of the significant capital movements that occur daily in the crypto ecosystem. Tracked via on-chain data , this crypto withdrawal offers a valuable glimpse into the potential strategies of large holders. Whether this move is a precursor to staking, participation in DeFi, an OTC trade, or simply a change in custody, it underscores the transparency of blockchain technology and the importance of monitoring whale activity for those seeking to understand market dynamics. While the exact reasons remain speculative, the action itself is a clear signal of a major player making a deliberate move regarding a substantial Ethereum holding. To learn more about the latest Ethereum trends, explore our articles on key developments shaping Ethereum price action and institutional adoption . This post Ethereum: Massive $36.4M Abraxas Capital Withdrawal Sparks Binance Scrutiny first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin miner Solo CK achieved a rare feat by successfully mining block 899,826, earning a substantial reward of 3.151 BTC on June 5, 2025. This accomplishment highlights the challenges and
Trillions of Shiba Inu (SHIB) from major market maker stuns Coinbase — What's happening?
Circle, the issuer of the USDC stablecoin, has raised $1.1 billion in its initial public offering (IPO), which was priced above expectations. The development comes as the U.S. Congress is currently reviewing federal legislation on stablecoins. Circle’s Valuation Could Hit $6.2 B According to a Bloomberg report , Circle’s IPO is likely to price above its marketed range after attracting demand for more than 25 times the number of shares available in the upsized deal. Based on figures in the company’s latest filing with the U.S. Securities and Exchange Commission (SEC), the stablecoin issuer and several of its backers planned on raising $896 million at the top of the $27 to $28 price range. People familiar with the matter revealed that Circle and the selling shareholders are offering 32 million shares in the deal. Notably, this figure is up from 24 million shares provided earlier at $24 to $26 each. They also said that most shares will go to investors who plan to hold the stock long-term. However, deliberations are ongoing, and the company may still price the investment within the original range. CoinGecko data shows that Circle’s USDC had about a 29% share of the stablecoin market as of March this year. At the high end, the firm would have a market cap of nearly $6.2 billion. Bloomberg estimates show that when factoring in options, restricted stock units, and warrants, its fully diluted valuation would also rise to around $7.2 billion. The anonymous sources also indicated that the IPO will be priced on Wednesday evening in New York. Meanwhile, JPMorgan Chase, Citigroup, and Goldman Sachs are serving as lead underwriters. The offering is expected to begin trading on the New York Stock Exchange under the ticker symbol CRCL. ARK and BlackRock Show Interest The IPO has allegedly already attracted interest from major investors. The report notes that ARK Investment Management, led by Cathie Wood, showed intentions of acquiring up to $150 million in shares. On the other hand, BlackRock plans to buy about 10% of the offering. This development coincides with growing attention in Washington on stablecoins as lawmakers push forward legislation to govern the sector. Two key bills, the STABLE Act and the GENIUS Act, are currently advancing through the House and Senate. On April 2, the U.S. House Financial Services Committee passed the former, which now needs to get a full House vote and then a Senate vote in its next stages of approval into law. Meanwhile, the latter advanced in a 66-32 Senate vote on May 20 and will now proceed to the next legislative stage. If enacted into law, these bills would give stablecoins greater legitimacy, encouraging institutional adoption while mitigating risks associated with unregulated digital currencies. The post USDC Issuer Circle Raises $1.1B in Its IPO (Report) appeared first on CryptoPotato .
The head of research and co-founder of financial services firm Fundstrat says that many people continue to have reservations about stocks despite positive signals in the market. In a new interview on CNBC’s Closing Bell, Tom Lee says that there are still a number of people who are hesitant to engage with the equities market, regardless that the S&P is doing well and many investors are bullish. “In our calls and Zooms with portfolio managers, many are still cautious because they see tariff risks ahead, and they don’t have tariff resolution in hand. They can’t get bullish. I think the feedback we get from a lot of folks is that they think stocks shouldn’t be rising.” Lee says indicators hint at a bullish trajectory for the market. “I would say given the amount of cash on the sidelines, the fact that short interest is going up, and we have a quiet week and markets are rallying, I think the risk is now of a substantial leg-up rally from here.” He says that tariffs matter, but the higher rates will not have critical effects on the economy. “Remember, before February, before Trump sort of talked about this, the base case for many was a 15% tariff. Let’s say that we’re going to end up at 10%. That’s 10% on 15%, which is imports, which is about a 1% GDP effect. That’s not that different from oil going from $40 to $80. We wouldn’t say $80 oil breaks the economy anymore, so I think tariffs – we have to adjust to it, but it’s not the thing that takes us to 4000 S&P anymore.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘Substantial Leg-Up Rally’ Coming for Stock Market, According to Fundstrat’s Tom Lee – Here’s Why appeared first on The Daily Hodl .