ISLAMABAD: Prime Minister (PM) Muhammad Shehbaz Sharif on Tuesday hailed the reduction in power distribution companies’ (DISCOs) losses as an exceptionally positive milestone, unseen in decades. The prime minister led an important session of the Cabinet Committee on Energy at the Prime Minister’s House, according to a Prime Minister’s Office news release. Prime Minister Shehbaz […]
Ubisoft released the Assassin’s Creed Shadows Title Update 1.0.7 on Tuesday, finally introducing the New Game+ mode. Along with additional content, the update along brings numerous bug fixes, including corrected Naoe’s Kata dialogue in Wakasa, and the addition of a ‘Mark all as Read’ option for the Codex menu, among others. However, the highlight of […]
With its stock trading below net asset value, BitMine has chosen to focus on buybacks instead of further growing its ETH reserve. BitMine Immersion, a Bitcoin mining company and Ether's largest publicly traded holder, has announced the approval of an open-ended $1 billion stock buyback program to repurchase its outstanding shares through open market or negotiated transactions. With shares trading below the company’s net asset value (NAV), BitMine has opted to repurchase its stock rather than allocating more capital to expand its Ether (ETH) reserve, at least for now. The company’s NAV per share is estimated at $22.76, witth crypto holdings of 625,000 ETH and 192 Bitcoin (BTC), according to a press release on Monday. Rather than continue accumulating ETH at elevated prices, BitMine is using the NAV gap as a trigger for buybacks, aiming to increase per-share value and investor exposure to Ethereum reserves. Read more
Surging ETH and BNB activity, alongside shifting USDT flows, are all signals that traders are pivoting into altcoins. Key takeaways: The dominance of Ether’s futures volume surpassed Bitcoin for the first time since 2022. Tron-ecosystem stablecoin activity rose, pointing to capital inflows into the altcoin ecosystem. Read more