News & Research

Ether Machine, a subsidiary of Dynamix Corporation, which previously announced a $1.5 billion Ethereum (ETH) accumulation plan, purchased 10,605 ETH at an average price of $3,781, increasing its total holdings to 345,362 ETH as part of its long-term strategy, according to a GlobeNewswire press release.

Bitcoin mining company MARA Holdings reported it mined 703 BTC in July, pushing its total holdings to 50,639 BTC, according to a GlobeNewswire press release. The company attributed the milestone to operational scaling and infrastructure development despite higher mining difficulty and increased curtailment.

Nasdaq-listed media and entertainment company GameSquare acquired 2,717 ETH for $10 million, raising its total Ethereum (ETH) holdings to 15,630 ETH, valued at roughly $55.6 million, according to Solid Intel on X.

Ethena’s USDe stablecoin has jumped 75% since mid-July, reaching a $9.3 billion market cap and surpassing FDUSD to become the third-largest stablecoin, according to The Block. The surge followed the passage of the U.S. GENIUS Act and Ethena’s custody partnership with Anchorage Digital. USDe’s yield of 10%–19% APY and a fully collateralized model have also driven investor demand, pushing Ethena’s TVL to $9.4 billion.

Strategy purchased 21,021 Bitcoin (BTC) between July 28 and Aug. 3 for $2.46 billion at an average price of $117,256, according to Solid Intel on X.

Nasdaq-listed Bitcoin mining firm BitMine Immersion holds over 833,000 ETH, worth more than $2.9 billion, according to Unfolded on X.

Orderly Network announced on X that it has introduced its first governance proposal to pause VALOR emissions and use up to 60% of revenue to buy back ORDER tokens, placing them in a community-controlled vault. The plan aims to reduce supply over time and replace USDC staking rewards with a more sustainable token-based model.

Economist and cryptocurrency analyst Alex Krüger reported via X that the United States holds 7.8 million BTC, or 40% of the circulating supply, followed by India with 1 million BTC, Europe with 900,000 BTC and both Asia (ex-India/China) and Latin America with 400,000 BTC each, according to TheCryptoBasic.

Binance Exchange will allow all users to sell Bitcoin options, expanding access to advanced trading tools, according to CoinDesk. The move comes amid a surge in Bitcoin options trading volume, which has grown from $4.11 billion in 2020 to $138.76 billion in June 2025. Other crypto options, including Ethereum, BNB and Solana, remain available only to eligible users.

Hong Kong’s Monetary Authority (HKMA) could conditionally accept temporary stablecoin depegging, provided issuers maintain full redemption ability, prevent risk transfer to holders and secure prior HKMA approval on reserve composition and risk-management plans, according to JinSe Finance.