News & Research

BitMine Immersion Technologies, a Bitcoin (BTC) mining company listed on the New York Stock Exchange, announced that its Ethereum (ETH) holdings have exceeded $2 billion. As of July 23, the company held 566,776 ETH, according to the PR Newswire press release.

Nasdaq‑listed Semler Scientific said it purchased 175 BTC, bringing its total holdings to 5,021 BTC, according to @btcNLNico on X.

Stablecoin issuer Circle announced that Binance Exchange will now accept USYC, a yield-sharing stablecoin backed by a money market fund, as collateral from institutional clients, according to Fortune Crypto. This move streamlines settlement and bridges traditional finance with crypto. Circle acquired USYC in January. Binance also added cUSDO, another yield-bearing stablecoin issued by OpenEden.

Decentralized derivatives protocol GMX, which suffered a $42 million exploit, is holding a community vote on how to distribute recovered Arbitrum GLP funds, according to a Snapshot proposal posted by the GMX community. Voters are choosing between two options. One is reimbursement in GLV tokens, plus a $2 million contribution from the decentralized autonomous organization (DAO) and a $500,000 bonus for users who hold the tokens for at least three months. The other is reimbursement in stablecoins like USDT, with the same $2 million DAO support. All recovered funds are currently held by the DAO and will be distributed to affected liquidity providers. GMX V2 was not affected. Voting ends July 28.

Galaxy Digital CEO Michael Novogratz told CNBC that Ethereum (ETH) may outperform Bitcoin (BTC) over the next three to six months.

A long-inactive Bitcoin (BTC) whale has moved its entire 3,962.62 BTC, valued at around $468.67 million, to a new wallet, according to Onchain Lens on X. The transfer followed a small test transaction.

Lookonchain reported via X that a whale wallet holding 3,962 BTC ($468 million) woke after 14.5 years of dormancy to send 0.0018 BTC ($218) as a test transaction.

Crypto mining firm Bitzero has raised $25 million to buy 2,900 Bitmain S21 Pro miners, according to The Block. The new hardware is expected to boost annual revenue by $10 million. The company operates in North America and Europe, focusing on low-carbon, hydro-powered mining.

Ten U.S. crypto and fintech trade associations have sent a letter to President Donald Trump, urging him to stop major banks such as JPMorgan from hindering innovation, CoinDesk reported. The letter follows JPMorgan’s plan to charge fees to financial data aggregators when users transfer funds from bank accounts to third-party platforms like Coinbase and Kraken. The groups argued that financial data belongs to Americans, not banks, and said the move conflicts with Trump’s vision of establishing the U.S. as a global hub for financial innovation.

UK-listed AI infrastructure company Satsuma Technology announced it closed its secured convertible loan note offering at just over £100 million (about $135.5 million), according to a press release on Investigate. The company will use the proceeds for Bitcoin (BTC) investments and operating expenses. It previously rebranded from Tao Alpha and announced plans to strengthen its BTC treasury strategy.