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BitMine Immersion Technologies, the world’s largest corporate Ether holder, continues buying the dip, despite the industry’s most successful traders betting on Ethereum’s price fall.BitMine acquired $199 million worth of Ether (ETH) during the past two days, through a $68 million ETH acquisition on Saturday and another $130.7 million buy on Friday, according to blockchain data platform Lookonchain.With the latest investments, BitMine now holds $11.3 billion, or 3.08%, of the total Ether supply, closing in on its 5% accumulation target, according to data from the StrategicEthReserve.BitMine’s continued accumulations are a strong sign of conviction in Ether’s long-term growth potential. The company holds…

Two long-dormant Casascius coins — each backed by 1,000 Bitcoin — have just been activated as of Friday, unlocking more than $179 million stashed away for more than 13 years. Onchain data indicates that one of the Casascius coins was minted in October 2012, when Bitcoin was trading for $11.69. The other was minted earlier in December 2011, when Bitcoin was valued at only $3.88, giving that Casascius coin a theoretical return of about 2.3 million percent, not including the cost of minting. A little history behind Casascius coinsCasacius coins are physical metal coins or bars created by Utah-based entrepreneur Mike Caldwell, which…

Devconnect Buenos Aires wrapped up as the largest Ethereum Foundation event yet, bringing together a global mix of developers, founders, creators, and curious newcomers. Key numbers from the week 14,000+ attendeesfrom 130+ countries45% from Argentina53% first-time EF event attendees1,000+ visas issued in collaboration with Argentina’s Dirección Nacional de Migraciones80+ application exhibitors40+ deep-dive events15 Community Hubs200 volunteers500+ community-run side events across the city 📸 Find the Devconnect photo gallery here.📋 Share your feedback with us and fill out the survey. 🎡 A World’s Fair for Ethereum with La Rural as the Schellingpoint For the first time, Devconnect introduced a World’s Fair-style…

Alleged insider nets $1 million profit on Polymarket in 24 hours.The prediction market world just had one of its most controversial market settlements. A Polymarket user known as AlphaRaccoon, walked away with over $1 million in profit in a single day. The source of the profits was all across markets on Google’s 2025 Year in Search rankings, including some very unlikely and obscure results. Across social media, the community’s consensus was immediate: AlphaRaccoon wasn’t lucky – the user was plugged in.A Google insider has officially been exposed on Polymarket.This dude just profited $1,000,000 in a single day betting on the Google…

The “infinite money glitch” of the corporate Bitcoin treasury has stalled.For much of this market cycle, the trade was simple: stock in companies holding Bitcoin traded at a massive premium to the underlying Net Asset Value (NAV).This allowed firms to issue expensive equity to buy cheaper coins, thereby accretively increasing Bitcoin per share. It was a flywheel of financial engineering that relied on one crucial input: a persistent equity premium.Why Bitcoin treasury company premiums evaporatedHowever, that input is gone amid Bitcoin’s recent price struggles.Data from Glassnode shows that BTC’s price has slipped below the 0.75 quantile since mid-November, leaving more…

Strategy CEO Phong Le said part of the reason for establishing a $1.44 billion USD reserve was to alleviate investor concerns over the company’s health amid a Bitcoin slump. “We’re very much are a part of the crypto ecosystem and Bitcoin ecosystem. Which is why we decided a couple of weeks ago to start raising capital and putting US dollars on our balance sheet to get rid of this FUD,” said Le during CNBC’s Power Lunch on Friday.This afternoon, Phong Le, CEO of @Strategy, joined @CNBC @PowerLunch to discuss how $MSTR moves with bitcoin, how our USD reserve addresses recent FUD,…

Jamie Coutts highlights capitulation volume and a hammer candle on MSTR, hinting at a potential trend reversal. Shares of Strategy (MSTR), the enterprise software firm turned Bitcoin (BTC) holding company, have flashed one of its most active technical setups in months this week, according to market analyst Jamie Coutts, who today highlighted a cluster of signals forming near the $195 zone. He said the pattern may reflect a turning point for the company as Bitcoin steadies after weeks of volatility. The potential move matters because Strategy has once again become a bellwether for market sentiment, with major institutions now treating the…

Crypto analyst Miles Deutscher has issued one of the most forceful bottom calls of this cycle, assigning a 91.5% probability that Bitcoin’s low is already in. In a X thread on December 4, he wrote: “F*ck it. I’m putting my neck on the line here. I’m 91.5% certain that the BTC bottom is in. And if it is, A LOT of people are about to be caught offside.” Is The Bitcoin Bottom In? Deutscher bases his conviction on four “pillars”: market reaction to news, the historical behaviour of FUD events, a shift in flows, and an improving global liquidity backdrop.…

A group of former executives from the collapsed crypto-friendly Signature Bank has launched a new blockchain-based, state-chartered bank called N3XT, with the goal of enabling instant 24-hour payments.N3XT said on Thursday that it aims to settle payments instantly at any time using a private blockchain and offers programmable payments through smart contracts. The company added that its systems have been designed for interoperability with stablecoins, utility tokens, and other digital assets.Signature Bank founder ​​Scott Shay founded N3XT, which will operate under a Wyoming Special Purpose Depository Institution (SPDI) charter and will not offer lending services.Signature Bank was one of three…

The Fed’s preferred inflation gauge, core PCE, likely rose in September—moving in the wrong direction. Yet volatility indices show no signs of major turbulence.The core PCE likely rose 2.9% year-on-year in September, heading in the wrong direction from the Fed’s goal of a 2% annual rate, according to FactSet. If the actual figure matches estimates, it would mark 55 straight months of inflation above the Fed’s 2% target. The sticky inflation would strengthen the Fed hawks, who are in favor of slower rate cuts.Still, as of writing, Volmex’s annualized one-day bitcoin implied volatility index , BVIV, hovered in familiar ranges…