Bitmine's big buy contrasts with crypto treasury peer Strategy, which reported selling millions of dollars worth of its Bitcoin holdings on Monday. Bitmine Immersion Technologies, holding one of the largest Ether (ETH) stockpiles as part of its treasury strategy, said Monday it added of $74 million worth of the second-biggest crypto by market cap, in contrast with Strategy, a major Bitcoin (BTC) holder, which offloaded coins to fund its dividend payments. Bitmine said that it held 5,742,237 ETH as of Sunday, marking an increase of 42,197 Ether since it reported on its holdings last week. The ETH holdings were reported when the token was valued at about $1,759, making its most recent buys worth about $74 million. The price of ETH has since increased to $1,792 apiece at the time of publication. Bitmine chair Tom Lee said optimism about the passage of the Digital Asset Market Clarity (CLARITY) Act in the US was an “important milestone” that could allow “smart contract platforms like ethereum to benefit” among th...
The UN Development Programme said blockchain payment pilots in five countries cut costs, improved resilience and will now inform wider use across its humanitarian and development programs. The United Nations Development Programme (UNDP) has signed a new agreement with the Stellar Development Foundation to expand the agency's use of blockchain-based payments after completing pilot projects in five countries, signaling a broader role for public blockchain infrastructure in its development programs. The agreement follows 16 months of research and pilot programs in Haiti, Syria, Kenya, Guatemala and The Gambia, with additional projects in Colombia and Papua New Guinea, the agency said Monday. According to UNDP, the next phase will establish the process for country offices to use blockchain payments across a wider range of programs. UNDP said the pilots produced measurable results. In Syria, a Cash for Work program that recorded payments onchain reduced distribution costs from 10% to 2%, while a pilot in Haiti con...
The Bitcoin miner signed a 20-year AI infrastructure lease with Anthropic and sold its majority stake in a separate AI data center joint venture. Bitcoin miner TeraWulf, moving deeper into AI infrastructure, signed a 20-year data center lease with Anthropic expected to generate about $19 billion in contract revenue. The company also announced Monday that it is selling a majority stake in a separate AI data center joint venture to reinvest in wholly owned projects. The company's shares rose about 12% in Monday morning trading following the announcement, extending a roughly 107% year-to-date gain, according to Yahoo Finance data at the time of writing. Read more
Bitcoin wiped out much of its latest gains thanks to a market reaction to Strategy's 3,600 BTC sell-off, but analysis eyed a potential buy announcement in the coming days. Bitcoin (BTC) saw flash volatility into Monday’s Wall Street open as markets reacted to tech company Strategy’s new BTC sales. Key points: Read more
The FCA’s vision for agentic AI points toward a financial system where programmable money and tokenized assets could play a much larger role. The United Kingdom’s Financial Conduct Authority (FCA) has issued a broad regulatory blueprint for retail financial services, warning that retail financial services are hurtling toward total automation driven by autonomous “agentic AI.” The landmark report, “AI and the future of retail financial services,” spearheaded by executive director Sheldon Mills, details a structural shift away from periodic, human-led decisions toward continuous, automated financial services that could increasingly rely on programmable financial infrastructure. “The central shift is from human-led, episodic financial activity towards services that are AI-enabled, continuous and delegated,” Mills wrote. In January, the FCA launched a review into the implications of advanced AI on consumers, retail financial markets and regulators. Read more