The Ethereum Foundation has now sold roughly $47 million worth of ETH to BitMine in a week, drawing fresh criticism over the pace and scale of its sales. The Ethereum Foundation has completed a third over-the-counter (OTC) sale of ETH to BitMine Immersion Technologies, offloading another 10,000 ETH at an average price of $2,292 per coin, worth roughly $22.9 million. “This sale funds the Ethereum Foundation’s core operations and activities, including protocol R&D, ecosystem development, community grant funding and more,” the Foundation wrote in a Friday post on X. The sale follows a nearly identical 10,000 ETH transaction completed just one week earlier at $2,387 per coin. The Foundation's first sale to BitMine came in March, when it sold 5,000 ETH at around $2,043. Combined, the Foundation has sold approximately $47 million worth of ETH to BitMine in the past week alone. Read more
All major mining stocks are up in 2026, with gains of up to 85% as Bitcoin remains down on the year. Publicly traded crypto mining companies are posting strong gains in 2026, even as the broader crypto market remains under pressure. All ten of the largest publicly traded mining stocks are in positive territory year-to-date (YTD), with gains ranging from around 5% to more than 85%, according to data from Bitcoinminingstock.io. Top Bitcoin mining stocks by market cap. Source: Bitcoinminingstock.io Read more
The acquisition provides a fully licensed derivatives stack under CFTC oversight, covering trading, clearing and brokerage. Payward, the parent company of Kraken, announced it has completed its acquisition of crypto derivatives venue Bitnomial, giving it control of a fully CFTC-regulated derivatives stack in the United States. The acquisition gives Payward a Futures Commission Merchant, Designated Contract Market and Derivatives Clearing Organization, infrastructure it plans to use to expand CFTC-regulated products across Kraken and NinjaTrader, starting with spot margin, with perpetuals and options expected to follow. Payward said Bitnomial will continue operating within its existing regulatory structure, with the deal enabling partners, including fintechs, banks and brokerages, to access US-regulated derivatives through the company's infrastructure platform. Read more