Author: Digicoinvision

Institutional accumulation of ETH is not slowing down, as BitMine makes yet another move to expand its treasury. Summary BitMine expands Ethereum treasury with $417M purchase, adding 104,336 ETH and bringing total holdings to over 3.03 million ETH. The company has now accumulated more than 300,000 ETH in the past week, underscoring increased institutional confidence in ETH as a treasury asset. Chairman Tom Lee predicts Ethereum could hit $10,000–$12,000 by end of 2025, citing corporate adoption, tokenization growth, and favorable U.S. regulation as key drivers. BitMine has added $417 million worth of Ethereum to its corporate reserves, reinforcing its position…

Ethereum (ETH) is back in the spotlight after Fidelity clients purchased roughly 36,460 ETH ($154.6 million), signaling renewed institutional demand even as spot ETH ETFs logged heavy redemptions. Related Reading Before stabilizing around $4,100, the second-largest cryptocurrency briefly dipped below $4,000 this week, but several analysts argue the pullback places ETH in a key “buy zone” ahead of a potential push toward new highs. ETH’s price trends to the upside on the daily chart. Source: ETHUSD on Tradingview   Fidelity Steps In as ETFs See Redemptions Fidelity’s reported buy spotlights a growing trend as traditional finance is steadily increasing exposure…

Australia’s national financial intelligence agency would receive powers to restrict or ban crypto ATMs under new draft legislation in the works from the country’s minister for cybersecurity and home affairs, Tony Burke.Burke said during a speech at the National Press Club on Thursday that the draft legislation will give the Australian Transaction Reports and Analysis Centre (AUSTRAC) the ability to restrict or prohibit “high-risk products,” which include crypto ATMs. While regular bank-run ATMs are also used for scams and illegal activities, Burke said that in the case of crypto ATMs, authorities are having limited success in policing and tracking down illicit…

Join Our Telegram channel to stay up to date on breaking news coverage Monad, the crypto team behind the upcoming Layer 1 blockchain network, Monad, has launched its highly anticipated $MON airdrop. This highly anticipated $MON Airdrop is designed to make people who eat, sleep, and breathe ‘crypto’ the initial stakeholders in the Monad network. $MON is open to both crypto and non-fungible token communities. In this article, we shall discuss this project in detail. Monad Airdrop Goes Live In an October 14 blog post, the Monad team confirmed that its highly anticipated $MON airdrop has finally gone live. The…

Ethereum’s high-timeframe structure exposes the fallout from the leverage massacre. Open Interest has cratered, reflecting widespread liquidation across futures markets. With leverage drained and traders shaken out, the path forward depends on whether spot demand can fill the vacuum left by the OI collapse. The recent market volatility has presented a critical opportunity to assess the underlying health of various crypto assets. In an X post, Daan Crypto Trades, a full-time crypto trader and investor, has offered a compelling analysis of Ethereum’s high-timeframe chart, specifically focusing on Open Interest (OI), which shows exactly how much speculative excess has been washed…

Paxos’ accidental minting of $300 trillion PYUSD on Wednesday, while undoubtedly concerning, serves as a case study as to why blockchain could shine in traditional banking. On Wednesday, Paxos mistakenly minted $300 trillion worth of the PayPal USD (PYUSD) stablecoin, describing it as an “internal technical error.” What’s important, however, is that the blockchain allowed its mistake to be quickly identified and corrected.The incident took place on Oct. 15 at 7:12 pm UTC, and the entire amount was burned just 22 minutes later, as onlookers caught onto it almost immediately. Source: Ted PillowsThe same could not be said for the traditional banking sector. “Mistakes…

Join Our Telegram channel to stay up to date on breaking news coverage BlackRock CEO Larry Fink said tokenization will drive the firm’s ”next wave of opportunity,” predicting that traditional assets will increasingly move onto blockchains over the coming decades. Speaking in an interview on CNBC’s Squawk Box, Fink said institutions are likely to “start moving away from traditional financial assets by repotting them in a digital manner.” “I do believe we’re just at the beginning of the tokenization of all assets, from real estate to equities, to bonds — across the board,” he said. ”We look at that as the…

Join Our Telegram channel to stay up to date on breaking news coverage Cathie Wood’s ARK Invest has filed multiple applications for new Bitcoin ETFs (exchange-traded funds) with the Securities and Exchange Commission (SEC). According to Oct. 14 filings, the asset manager has submitted preliminary prospectuses for products including the ARK Bitcoin Yield ETF, ARK DIET Bitcoin 1 ETF, and the ARK DIET Bitcoin 2 ETF. The filings come after the SEC approved generic listing rules for crypto ETFs, which is expected to streamline the approval process for such products.  ARK Invest Looks To Expand On Its Bitcoin ETF Offerings…

Today in crypto, Paxos says it “mistakenly” minted 300 trillion PayPal stablecoins; Coinbase Ventures backs Indian exchange CoinDCX at a $2.45 billion valuation amid its expansion into India and the Middle East, and analysts Tom Lee and Arthur Hayes double down on their $10,000 Ether price target for year-end.A $300 trillion fat-finger, as Paxos accidentally mints PYUSD… before burning itBlockchain data showed stablecoin issuer Paxos both minted and burned 300 trillion tokens of the PayPal USD stablecoin within 30 minutes, leaving many crypto users scratching their heads.In a Wednesday X post following the mint and burn, Chaos Labs founder Omer…

Join Our Telegram channel to stay up to date on breaking news coverage Sam Bankman-Fried alleged that the former Biden administration orchestrated his 2022 arrest after he began donating to Republicans. The FTX founder, serving a 25-year prison sentence for fraud, said in a post on GETTR that his private donations to GOP candidates prompted retaliation from the Democratic Party. “They had me arrested weeks before the crypto bill I was working on was set for a vote—and the night before I was set to testify before Congress,” he said in a post that was seemingly published by a friend.…