BlockWireNews

    BitMine Boosts Ethereum Holdings Above $8B, Now Owns 1.5% of ETH

    TL;DR BitMine Immersion Technologies purchased 153,000 Ethereum, increasing its total to 1.86 million ETH worth $8.1 billion. The firm now holds about 1.5% of the total 120.7 million Ethereum supply, making it the largest corporate ETH holder. BitMine aims to own 5% of Ethereum’s supply and also holds 192 Bitcoin valued at $21 million. Fundstrat co-founder Tom Lee compared Ethereum’s current phase to the 1971 US dollar shift, predicting growth in digital assets and blockchain use. Ethereum’s price recently declined about 13% from its all-time high near $5,000, while BitMine’s stock dropped 3.5% to $42.11. Get daily crypto briefs One short email with the biggest crypto moves. No spam, unsubscribe anytime. ...

    September 2, 2025 · 4 min

    Bitcoin, XRP, and Solana Rally on Rate Cut Hopes and Dollar Weakness

    TL;DR Bitcoin, XRP, and Solana rose at least 2% Tuesday, with Solana up over 7% weekly. Market optimism driven by expected Federal Reserve rate cut in September 2025. U.S. dollar weakening boosted risk appetite and capital flows into crypto. Metaplanet acquired 1,009 BTC, signaling strong conviction amid rising open interest. Analysts warn possible volatility if Fed delivers hawkish messaging despite rate cuts. Get daily crypto briefs One short email with the biggest crypto moves. No spam, unsubscribe anytime. ...

    September 2, 2025 · 4 min

    Why Saving Money in Banks Is a Losing Game: The Three Scams Explained

    TL;DR Banks keep the risk-free yield from U.S. treasuries instead of passing it to savers. Nominal yields are eroded by inflation and taxed, resulting in negative real returns for many. Dollar supply expansion reduces the value of money over time, making it a poor store of value. Wealthy individuals avoid these issues by holding assets like stocks, gold, and cryptocurrencies. The recommended strategy is to keep short-term cash for expenses, and long-term wealth in diverse assets including crypto. Get daily crypto briefs One short email with the biggest crypto moves. No spam, unsubscribe anytime. ...

    September 2, 2025 · 4 min
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