News & Research

The Nasdaq-listed Ethereum investor Bitmain (BMNR) announced that it currently holds a total of $8.98 billion in cryptocurrency and cash equivalents. The company's portfolio includes 1,866,974 ETH, 192 BTC, and $635 million in cash. This positions Bitmain's cryptocurrency assets as the second largest in the world, following Strategy (MSTR). Bitmain Chairman Tom Lee emphasized his view that ETH will become the most significant investment asset over the next 10 to 15 years.

U.S.-based cryptocurrency exchange Gemini announced that it has submitted an application for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The expected offering price per share is between $17 and $19 under the ticker GEMI. The IPO will be underwritten by Goldman Sachs, Citigroup, Morgan Stanley, and Cantor Fitzgerald. Gemini and its existing shareholders will also be given an option to purchase additional shares within 30 days.

Cryptocurrency and artificial intelligence are leading the transformation of the global payments market, according to a recent report from Citibank. The bank forecasts that tokenized assets will account for 10% of total market transaction volume by 2030, adding that bank-issued stablecoins are expected to be a key catalyst for their widespread adoption. The report also found that a majority of payment companies are currently running pilot programs to integrate AI into their payment processes.

Cango, a Chinese automotive transaction service platform, announced that it mined a total of 663.7 BTC in August. The company's current total BTC holdings now stand at 5,193.4. Cango previously acquired $256 million worth of BTC miners from Bitmain.

Ether Machine, which previously announced plans to accumulate Ethereum (ETH), has received an investment of approximately 150,000 ETH ($654 million) from early Ethereum investor Jeffrey Berns, Reuters reported. Following the investment, the company now holds a total of 495,362 ETH. Ether Machine also plans to conduct a future $500 million funding round led by Citibank.

According to data from Bloomberg Intelligence, U.S. spot Ethereum ETFs have seen a net inflow of $10 billion (approximately 14 trillion won) over the roughly two months since early July. The total net inflow since their launch is now $14 billion.

A wallet address believed to belong to crypto influencer DonAlt deposited 12.97 million WLFI, worth $3.2 million, to Binance approximately two hours ago, according to on-chain analyst ai_9684xtpa. The address reportedly acquired the tokens by investing 1,000 ETH, valued at $3.25 million at the time, in the second WLFI presale. A sale of the deposited tokens would result in an estimated profit of $2.555 million.

An on-chain indicator for Bitcoin short-term holders is signaling a potential market bottom, Cointelegraph reported. Frank Petter, an analyst at Vibe Capital Management, noted that the Bollinger Bands for the Short-Term Holder MVRV (Market Value to Realized Value) ratio have entered an oversold state. He suggested that this metric could indicate that prices have found a floor and may be poised for a rebound.

Cryptocurrency venture capital firm HashGlobal has announced the launch of a BNB yield fund in partnership with Easy Labs, formerly known as Binance Labs. The fund targets institutional investors and aims to reach $100 million in assets under management by the end of the year. It will invest in BNB and generate returns through participation in BNB-based launchpads and airdrops.

Venus (XVS), a crypto lending protocol on the BNB Chain, announced via its official X account that it is investigating suspicious transactions. Operations on the protocol are currently suspended. The development follows a previously suspected exploit on the protocol valued at $30 million.