Cryptocurrency

BitMine Immersion Technologies (NASDAQ: BMNR), led by Fundstrat co-founder Tom Lee, has significantly increased its Ethereum (ETH) holdings with a massive $250 million purchase this week. This latest acquisition, confirmed by Arkham Intelligence, saw the company buy ETH from BitGo and Kraken exchanges following a major market deleveraging event. Aggressive Accumulation Strategy The move pushes … Read more

Despite recent struggles against bearish pressure, the current decline in Cardano’s (ADA) price may be creating a buying opportunity, as the token enters a key accumulation range. This potential shift is being signaled by on-chain metrics and a return of investor capital. On-Chain Indicators Suggest a Market Bottom The Market Value to Realized Value (MVRV) … Read more

Japan’s Financial Services Agency (FSA) is reportedly considering a major policy reform that would allow domestic banks to trade and hold cryptocurrencies, a practice currently banned due to concerns over price volatility. According to the Yomiuri Shimbun, the FSA plans to discuss reforming existing supervisory guidelines to establish a system where banks can buy and … Read more

Independent New York City mayoral candidate Andrew Cuomo announced on Sunday that, if elected, he would create the new senior administration role of Chief Innovation Officer. This position would be specifically tasked with leading the city’s efforts in blockchain and crypto innovation. Cuomo stated that the role would ensure NYC leads in the technologies of … Read more

Chainlink ($LINK) has been hit harder than the broader market in October, suffering a 22% price drop and now sitting roughly 35% below its September peak of $25. This compares to Ethereum’s more limited 8% decline. The steep fall pushed LINK’s Relative Strength Index (RSI) below 30 for the first time since June, though a … Read more