Bitmine Immersion Technologies has become the first corporation to accumulate more than a million ETH for its strategic treasury. On Monday, the firm announced that its ETH holdings had reached 1.15 million tokens worth around $4.9 billion. It added that this total is 317,126 more than a week ago, and the treasury value is around $2 billion higher relative to that period. 1/4 BitMine today announced ETH holdings of 1,150,263 tokens: – ETH holdings of 1,150,263 is valued at $4.9 billion ($4,300 ETH) – 317,126 more ETH than a week ago – $2.0 billion higher than a week ago link : https://t.co/o0YJ7yqrjs — Bitmine BMNR (@BitMNR) August 11, 2025 Ethereum Treasurys on Fire Bitmine launched its ETH treasury strategy on June 30 and has passed several key milestones since then, including becoming the largest Ether treasury in the world. With almost $5 billion in holdings, it also ranks as the world’s third-largest crypto treasury, behind only Strategy and Mara Holdings. “In just a week, Bitmine increased its ETH holdings by $2 billion to $4.96 billion, lightning speed in the company’s pursuit of the ‘alchemy of 5%’ of ETH,” said Tom Lee of Fundstrat, and chairman of Bitmine’s Board of Directors. The firm has the largest share of overall ETH treasury holdings with 34% of a total of 3.49 million ETH. The next closest is SharpLink, which has just under 600,000 ETH, or around 17%. Ethereum treasury companies, of which there are only 12, now hold 2.9% of the entire supply of the asset. Meanwhile, spot Ether ETFs hold around 5% of the total circulating supply. Bitmine (BMNR) is now one of the most widely traded stocks in the US, according to data from Fundstrat, which reported that the it has generated an average daily dollar volume of $2.2 billion. Its value has skyrocketed more than 1,300% since it started stacking and staking ETH and is also up 14.7% from Monday, reaching $60 in after-hours trading, according to Google Finance. The crazy mf actually did it. Tom Lee is the first to 1m ETH. New buys revealed show 1.2m ETH ($5 billion). In one month he’s made it 20% of the way to his goal to acquire 5% of all ETH supply. 12x faster than Saylor. We are past the moon headed toward the andromeda galaxy. pic.twitter.com/dlvf1tUmxv — RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) August 11, 2025 Ethereum Holds Its Ground Ether prices hit a three-and-a-half-year high of $4,350 on Monday, a level not seen since the bull market in late 2021. It retreated to $4,200 in the hours that followed but managed to reclaim $4,300 during the Tuesday morning Asian trading session, indicating that the rally may not be over yet. ETH is now just 12% away from its all-time high, almost four years ago. Meanwhile, Ether spot ETFs have seen their highest inflow since inception at just over $1 billion on Monday. The post Tom Lee’s Bitmine Becomes First Ethereum Treasury to Accumulate 1,000,000 ETH appeared first on CryptoPotato .
Elon Musk’s Starlink has successfully demonstrated its direct-to-cell satellite technology in Ukraine. Kyivstar will become the first operator in Europe to bring Starlink’s direct-to-cell technology to the market. The pilot test took place in the Zhytomyr region, where Kyivstar’s CEO, Oleksandr Komarov, and Ukraine’s Minister of Digital Transformation, Mykhailo Fedorov, exchanged messages using ordinary smartphones connected through the new system. Musk’s Starlink successfully tested in Ukraine Ukraine’s largest mobile operator, Kyivstar, announced on Tuesday that it has successfully carried out the first field test of Elon Musk’s Starlink direct-to-cell satellite technology in Eastern Europe. The successful demonstration is good news for Ukrainian interests, who have funneled efforts into maintaining reliable communications through Russian attacks, which frequently disrupt mobile and internet connectivity in parts of the country. Starlink’s direct-to-cell technology allows standard mobile phones to connect directly to satellites in orbit without requiring additional equipment. This could be the answer to maintaining communications during emergencies, especially in areas where cell towers are damaged or destroyed. The direct-to-cell service works by equipping satellites with advanced cellular modems that function like cell towers in space. These satellites beam signals directly to mobile phones on the ground, allowing voice, text, and eventually broadband data services to work without relying on physical network infrastructure. “Direct-to-cell technology aims to provide reliable connectivity when terrestrial networks are unavailable,” Kyivstar said in its statement. Commercial rollout plans set for later this year Starlink’s satellite connectivity infrastructure has drawn interest from telecom operators attempting to fill coverage gaps in remote regions. Terrestrial networks can be expensive to operate in sparsely populated areas or difficult-to-access locations such as mountainous terrain. SpaceX, which owns Starlink, has already signed direct-to-cell service agreements with telecom providers in 10 countries. Following the successful test, Kyivstar and Starlink intend to launch the commercial phase of the service in the fourth quarter of 2025, starting with messaging capabilities. According to Komarov, mobile satellite broadband data is expected to be available to a broader audience at the beginning of 2026. Kyivstar’s parent company, VEON, is also talking to other satellite connectivity providers, including Amazon’s Project Kuiper , to expand mobile satellite services beyond Ukraine. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
BitcoinWorld Circle Shares: A Crucial Public Offering for the USDC Issuer The cryptocurrency world is buzzing with significant news as Circle, the prominent issuer behind the USDC stablecoin , prepares for a major move. They are planning a substantial sale of their Circle shares , a development that could reshape their future and impact the broader crypto stock market . This strategic decision marks a pivotal moment for the company and its investors. What’s Happening with Circle’s Class A Shares? Circle recently filed documentation for a public offering, aiming to sell 10 million shares of its Class A common stock . This significant step was initially reported by Solid Intel via X, drawing considerable attention across the financial and crypto sectors. The offering is structured in two parts, demonstrating a clear strategy for capital generation and liquidity: Two million shares will come directly from Circle itself. This portion represents fresh capital for the company, intended to fuel its ongoing operations and future initiatives. The remaining eight million shares are being made available by existing shareholders. This allows early investors or founders to realize some of their gains, providing them with liquidity. This dual approach provides liquidity for current stakeholders while also injecting new funds into Circle’s operations. It is a common strategy for companies seeking to go public or raise additional capital from the market. Why is This Circle Public Offering So Important? A Circle public offering of this magnitude carries immense weight, not just for the company but for the entire digital asset ecosystem. It signifies a maturation of the crypto industry, attracting traditional investors to a sector once considered niche and volatile. Potential Impacts of this Offering: Increased Capital: The funds raised can fuel Circle’s innovation, expansion into new markets, and enhance its technological infrastructure, strengthening its position. Enhanced Transparency: As a publicly traded entity, Circle will face greater scrutiny and reporting requirements. This increased transparency can potentially boost investor confidence in the stability and backing of the USDC stablecoin . Market Validation: A successful offering could pave the way for other crypto-native companies to explore similar paths, further integrating digital assets into mainstream finance and the crypto stock market . However, the offering also brings challenges, including navigating market volatility and meeting the expectations of a broader investor base accustomed to traditional financial metrics. Understanding the USDC Stablecoin Issuer’s Strategic Move Circle’s primary role as the issuer of the USDC stablecoin places it at the heart of the crypto economy. USDC is one of the largest stablecoins by market capitalization, widely used for trading, lending, and payments across various blockchain networks globally. This share sale could be a strategic move to: Strengthen Reserves: Bolster the reserves backing USDC, ensuring its peg to the U.S. dollar remains robust and transparent, which is critical for user trust. Fund Product Development: Invest in new products and services, such as Web3 payment solutions or institutional crypto offerings, expanding Circle’s ecosystem. Regulatory Compliance: Allocate resources towards meeting evolving global regulatory standards. This is crucial for a stablecoin issuer operating in an increasingly scrutinized environment. The decision to offer Class A shares reflects a forward-thinking approach, aiming to secure Circle’s position as a leader in the evolving digital finance landscape and ensure its long-term stability. How Does This Impact the Crypto Stock Market? The entry of more established crypto companies like Circle into traditional financial markets through public offerings can significantly influence the crypto stock market . It blurs the lines between conventional equities and digital assets, offering new avenues for diversification for investors. For investors, this development means: Direct Exposure: A chance to invest directly in a major player in the crypto space without necessarily holding volatile cryptocurrencies themselves. Diversification: Adding a stablecoin issuer’s stock to a portfolio can offer a different risk profile compared to investing directly in more volatile digital assets. Market Sentiment: The success or struggles of such offerings can reflect broader investor appetite for crypto-related assets, influencing future investment trends. This move highlights a growing trend where crypto innovation is increasingly intersecting with traditional finance, creating hybrid investment opportunities and expanding the reach of the digital economy. In conclusion, Circle’s planned sale of 10 million Circle shares is a landmark event for the company and the wider crypto industry. It not only provides fresh capital for the USDC stablecoin issuer but also signifies a growing maturity within the broader crypto ecosystem. As this Circle public offering unfolds, its implications will be closely watched by investors, analysts, and regulators alike, potentially setting a precedent for future public listings in the dynamic crypto stock market . Frequently Asked Questions (FAQs) 1. What is Circle’s public offering? Circle, the issuer of the USDC stablecoin, is planning a public offering of 10 million shares of its Class A common stock. This move aims to raise capital and provide liquidity for existing shareholders. 2. How many Class A shares is Circle selling? Circle plans to sell a total of 10 million Class A shares. Two million shares will come directly from Circle, and eight million shares will be offered by existing shareholders. 3. What is the significance of this offering for the USDC stablecoin? As the issuer of the USDC stablecoin, Circle’s public offering could enhance its financial stability, fund strategic initiatives, strengthen reserves, and potentially increase transparency, benefiting the USDC ecosystem. 4. How might this impact the broader crypto stock market? This significant Circle public offering could attract more traditional investors to crypto-related companies, validate the maturity of the digital asset industry, and offer new investment avenues within the crypto stock market. 5. Who reported this news about Circle shares? The initial report about Circle’s public offering of Class A shares was made by Solid Intel via X (formerly Twitter). If you found this article insightful, consider sharing it with your network! Your support helps us continue providing valuable updates on the evolving crypto landscape. Share on Twitter, LinkedIn, or your preferred social media platform! To learn more about the latest crypto market trends, explore our article on key developments shaping the crypto market institutional adoption. This post Circle Shares: A Crucial Public Offering for the USDC Issuer first appeared on BitcoinWorld and is written by Editorial Team
SharpLink Gaming has raised $400 million to boost its Ethereum holdings to over $3 billion, indicating strong institutional confidence in ETH’s future. SharpLink Gaming’s $400M raise will boost its Ether
The momentum has shifted in the years-long battle between top crypto companies and protocols and the U.S. SEC under the new Trump administration.
OpenAI’s GPT-5 rollout left people grieving for their lost loves, proof that in the age of AI, a patch can feel just like a breakup—or worse.
More on Apollo Global, Carlyle Group etc. Carlyle Group: Strong Fundamentals Reflected In Valuation (Rating Downgrade) Apollo Global Q2: Record High Earnings, Strong Momentum The Carlyle Group, Inc. (CG) Q2 2025 Earnings Call Transcript Key deals this week: Walt Disney, Harrison Global, Alcon, Steelcase, Joby Aviation and more Insider trades: AbbVie, Coca Cola , Roblox among notable names this week
Ethereum’s ( ETH) price climbed past the $4,600 mark Tuesday, hitting an intraday peak of $4,629 per token on Deribit. Over the last 24 hours, ether gained 8% against the U.S. dollar and is up nearly 28% for the week. ETH Blazes to $4.6K, Just 7% Away From Historic High The rally shows no sign
Two Estonian nationals, Sergei Potapenko and Ivan Turogin, co-founders of HashFlare, pleaded guilty to conspiracy to commit wire fraud and face a potential 10-year prison sentence. HashFlare operated as a
Monero (XMR) is confronting what key voices on X describe as a 51% attack from the Qubic mining pool. Bitcoin developer Peter Todd set the tone early, writing: “Interesting. Apparently Monero just had a big reorg too, I assume related to this attack.” When asked whether Qubic had definitively crossed the 51% threshold, Todd cautioned that real-time dominance is hard to pin down: “That’s inherently difficult to measure. PoW is probabilistic.” Monero Under Siege As Qubic Claims 51% Control A widely circulated post from an account styling itself as Coffeinated User sketched the alleged playbook and economics in stark terms: “Qubic just reached 51% share of Monero. This is a huge feat. They will be the first to manipulate a cryptocurrency with a 51% attack . They intend to orphan all blocks from every other miner, making themselves the only mining entity of Monero.” The same post asserted a profit-split and buyback/burn mechanic around QUBIC tokens: “They are 3X more profitable than mining Monero directly. They are giving half the profit to miners and selling the other half of the profit to buy QUBIC and send it to the burn wallet.” It extended the claim into concrete issuance math and dollar figures: “If they mine 100% of the Monero blocks this gives them 432 Monero mined per day. This is $118,342.08 at the current Monero price. They keep 50% of that and give the rest to miners making their profit $59,171.04 of Qubic being burned every day. $414,197.28 burned a week and $1.656 million burned every month. This is insane.” The post concluded with the market-cap juxtaposition: “Qubic a less than 300 million dollar market cap will be the sole miner of a 6 billion dollar market cap coin.” From the XMR community side, the account @monerobull characterized chain conditions as unprecedented and urged a hash-rate mobilization: “Monero just experienced its deepest re-org ever. Everyone head to gupax.io and start mining. qtip has a halving in 20 days, after which they won’t be able to keep this attack going.” Hardware-wallet executive Charles Guillemet, CTO at Ledger , summarized the situation and its implications in a long post that did not mince words: “Monero appears to be in the midst of a successful 51% attack.” He tied the moment to Monero’s adversarial history and exchange de-listings : “The privacy-focused blockchain, launched in 2014 and long targeted by governments and 3-letters agencies, is already banned from most major centralized exchanges.” On the attacker’s capacity, he wrote: “The Qubic mining pool has been amassing hashrate for months and now controls a majority of the network. A major chain reorganization was detected this morning. With its current dominance, Qubic can rewrite the blockchain, enable double-spending, and censor any transaction.” Guillemet also injected a jaw-dropping back-of-the-envelope cost: “Sustaining this attack is estimated to cost $75 million per day.” He warned of the incentive collapse for honest miners—“Other miners are left with no incentive to continue, as Qubic can simply orphan any competing blocks, effectively becoming the sole miner”—and framed the asymmetry: “In effect, a $300 million market-cap chain is taking over a $6 billion one. Monero’s options for recovery are limited, and a full takeover is now possible and even likely.” As to market reaction, he added: “So far, XMR has dropped only 13%.” From within the Qubic project, “Come-from-Beyond” (Sergey Ivancheglo) signaled both triumph and a call for third-party validation: “Looks like #Qubic has achieved 51% over #Monero, we are waiting for independent confirmations. In the meanwhile #Monero team is polishing details of their 51% attack protection.” Responding to earlier accusations about motives, he continued: “Many accused us of being sponsored by 3-letter agencies to attack this anon coin. What do you think now, after we has helped Monero to prepare for its future fights against those agencies?..” Even as Todd underscores that “PoW is probabilistic” and precise majority measurement is elusive in the moment, the chorus of on-the-record claims from both critics and proponents paints a picture of Monero grappling with a live, majority-hashrate challenge—and a community rushing to counter it in real time. At press time, XMR traded at $252.