befla

BitMine nears 5% Ethereum threshold, yet stock valuation rules dictate its next move

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BitMine nears 5% Ethereum threshold, yet stock valuation rules dictate its next move
Ethereum treasury company BitMine Immersion Technologies said on Sept. 28 that it held 6,001,302 ETH, leaving it 103,698 tokens short of its goal of owning 5% of Ethereum’s supply, based on the company’s latest supply estimate. Buying that remainder at BitMine’s Sept. 27 reference price would cost about $279.8 million. The company reported $672 million … Read more

ARK partners with Securitize to put a venture fund on Ethereum, but leaves exit doors locked

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ARK partners with Securitize to put a venture fund on Ethereum, but leaves exit doors locked
ARK Invest and Securitize announced on Sept. 24 that eligible investors would be able to hold tokenized interests in the ARK Venture Fund on Ethereum. This new ownership route puts an established interval fund on blockchain infrastructure, so investors still face the fund’s limited exit options when trying to sell their shares. ARKVX invests across … Read more

Bitcoin treasury Strive risks cash reserve to fund $500M buyback and trim dividends

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Bitcoin treasury Strive risks cash reserve to fund $500M buyback and trim dividends
Bitcoin treasury company Strive disclosed an optional program to repurchase up to $500 million of its variable-rate perpetual preferred stock, traded as SATA, on Oct. 5. The program exceeds its reported $284.7 million cash balance and lets management weigh further Bitcoin purchases against retiring dividend-paying preferred shares. The SEC filing gives management discretion to repurchase … Read more

S&P brings ratings-style scrutiny to $10 billion crypto vault market as $6 million Base incident exposes risks

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S&P brings ratings-style scrutiny to $10 billion crypto vault market as $6 million Base incident exposes risks
S&P Global is bringing ratings-style risk assessments to crypto lending vaults as the fast-growing market confronts fresh security failures. The ratings firm launched its Vault Risk Assessment framework on Oct. 4, creating a standardized approach for comparing the likelihood that investors suffer impairment in lending vaults. Deposits in the products reached about $10 billion in … Read more

Why Abstract is killing its Ethereum L2 instead of launching a token to save it

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Why Abstract is killing its Ethereum L2 instead of launching a token to save it
Abstract will shut down on Dec. 15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disney and Red Bull Racing. The consumer-focused Ethereum layer-2 (L2) cited stagnant growth, thin liquidity, restricted DeFi activity, and limited institutional crossover. Igloo CEO Luca Netz said the company had lost “tens of millions of … Read more

SEC drops to 2 members, and 1 hidden rule shifts crypto power

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SEC drops to 2 members, and 1 hidden rule shifts crypto power
Hester Peirce’s Oct. 2 resignation has left Paul Atkins and Mark Uyeda as the SEC’s two listed commissioners. A new rule permits one eligible member to constitute a quorum when every other sitting member is disqualified from a particular matter. Under the current roster, that combination puts future Commission decisions on crypto policy in fewer … Read more

FinCEN drops crypto mixing proposal as backlash kills rule

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FinCEN drops crypto mixing proposal as backlash kills rule
US Treasury’s Financial Crimes Enforcement Network (FinCEN) announced on Oct. 5 that it is withdrawing a reporting proposal for crypto mixing, the use of techniques that obscure a transaction’s source, destination, or amount. The plan reached beyond dedicated mixing services and would have required financial institutions to report information about covered transactions and their customers. … Read more

DOJ presses Tornado Cash prosecution as Treasury drops mixer reporting plan

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DOJ presses Tornado Cash prosecution as Treasury drops mixer reporting plan
Federal prosecutors are using a new Bitcoin Fog appeal to defend trying two counts against Roman Storm in New York. Their Oct. 5 letter asks Judge Katherine Polk Failla to reject his venue challenge on the money-laundering and money-transmission conspiracy counts. Storm co-founded Tornado Cash, a cryptocurrency mixer that obscures transaction trails. The filing arrived … Read more

Ethereum’s proposed 3x ETF could reach CME’s futures threshold with just $362 million

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Ethereum’s proposed 3x ETF could reach CME’s futures threshold with just $362 million
At ETHU’s Oct. 6 disclosed futures valuation, a 3x Ethereum ETF with $362.1 million in assets would target about $1.09 billion of exposure. If held entirely in standard CME Ether futures, that would equal 8,000 contracts, CME’s single-month and all-month accountability level. The SEC approved Cboe BZX’s rule change to list Volatility Shares’ proposed ETHK … Read more

Aave and Pendle may have found a way to keep yield capital from ever leaving DeFi

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Aave and Pendle may have found a way to keep yield capital from ever leaving DeFi
Aave is approaching a $67 million collateral rollover as one of its fastest-growing fixed-yield trades reaches maturity. About 67.4 million PT-AUSD-8OCT2026 tokens were supplied as collateral on Aave V3’s Monad market as of Oct. 2, according to risk adviser LlamaRisk. The Pendle principal tokens mature Oct. 8, when each becomes redeemable for one AUSD and … Read more