This bold gambit arrives amidst the usual regulatory foot-dragging, proving that even the most staid institutions are now willing to throw their hats-and possibly their dignity-into the crypto ring. ETF filings are multiplying like rabbits at a carrot convention, signaling that Wall Street has finally accepted that crypto isn’t just a fever dream.
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
It has come to light-through the most reliable of sources, naturally-that Bitmine Immersion Technologies, in a fit of extravagance, has acquired some $251 million worth of ETH, adding a rather ostentatious 63,539 tokens to its already overflowing coffers. Their holdings now exceed 3 million ETH, a sum so vast it might make even Mr. Darcy blush. (£13 billion, if one must be vulgar about it.)
Indeed, this meme coin lingers near support, while mysterious ‘institutional flows’ and elevated trading suggest… well, someone is preparing something. Though what, God alone knows. 🤷
because who needs humans, anyway? 🤖 Coinbase introduces Payments MCP to let AI agents open wallets and send stablecoin payments directly on-chain.
In case you’ve been living under a rock, ZEC’s been having a good month. It’s up over 460%-that’s not a typo, 460%! But, before you start planning your yacht party, remember, today it’s down a smidgen. It peaked at $308 and dipped as low as $237. A real thrill ride, huh? 🏄♂️
This madcap venture mirrors the wild circus of public companies, all clambering to stuff their balance sheets with crypto treasures and protocol fluff-because nothing says “smart business” like playing with invisible money! 🙃
One must admire the audacity – not unlike a man mortgaging his house to buy more portraits of himself, then hanging them in the very hall he pledged to the bank. But such is the spirit of innovation in 2025! Or so we’re told.
Solana is trading near $186.24, down slightly by 0.25%, but analysts remain bullish, predicting potential targets between $300 and $400. Because nothing says “confidence” like a 0.25% drop and a 100% chance of a “sweet zone”! 📈
Transaction value: 2.55% of AUM. A small number, certainly, but in a system where individuality is smothered under the weight of algorithmic consensus, such acts of measured acquisition read like quiet acts of dissent.
