Author: Digicoinvision
Bit Digital now holds 153,546 ETH, a massive bet positioning the public company as a cornerstone of the institutional digital asset landscape far beyond its mining origins. Summary Bit Digital boosted its Ethereum holdings to 153,546 ETH, valued at $590.5 million as of October 31. Around 86% of its ETH is staked, generating yield as the company pivots from Bitcoin mining to Ethereum-native finance. In a press release dated Nov. 7, Nasdaq-listed Bit Digital announced that its Ethereum (ETH) treasury had grown to approximately 153,547 ETH, valued at about $590.5 million as of October 31. The company said it acquired…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The cryptocurrency market has once again stumbled, with Bitcoin, Ethereum, and XRP prices plunging after what seemed like a promising rebound. Despite a strong lineup of bullish narratives, ranging from interest rate cuts in October to expanding regulatory clarity, the momentum has weakened considerably. This brings into question the crypto industry’s outlook before the end of the year. Technical Breakdown Weakens Market Confidence The sharp pullback began with technical cracks that appeared across Bitcoin, Ethereum, and XRP charts. The past 24 hours have seen Bitcoin, which had…
Balancer suffered one of the largest decentralized finance (DeFi) exploits on Monday, with more than $116 million in staked Ether and liquidity pool tokens drained from Balancer v2 contracts and several forks. The decentralized exchange (DEX) and automated market maker (AMM) investigated what appeared to be faulty access control in its smart contracts, which allowed the attackers to withdraw funds directly from liquidity pools. The exploit began with a $70 million loss, which ballooned to $116 million, primarily affecting liquid staking assets such as Lido’s wstETH and StakeWise’s osETH.In a bid to recover losses, Balancer offered a 20% white hat bounty to…
The Ethereum price dropped nearly 25% this quarter, slipping to lows around $3,099 before stabilizing around $3,300 amid broad market weakness and rising U.S.–China trade tensions. Related Reading Data from Lookonchain revealed that three new wallets withdrew 4,920 ETH (worth $16.25 million) from Tornado Cash, a move coinciding with a 13% weekly price drop. Analysts linked the pattern to large-scale repositioning by whales, with some addresses previously associated with HEX founder Richard Heart, who reportedly transferred over 162,000 ETH ($619 million) into Tornado Cash earlier this year. Despite the sell-off, the Crypto Fear & Greed Index remained in “Extreme Fear”…
The rapid growth of the prediction market Polymarket may not be entirely organic but instead inflated by artificial trading activity, according to research published by Columbia University.In an 80-page paper titled “Network-Based Detection of Wash-Trading,” which has not yet undergone peer review, Columbia researchers identified extensive wash-trading activity on Polymarket beginning in July 2024. That month, they found that wash trades accounted for nearly 60% of the platform’s total trading volume.“This activity persisted through late April 2025 before subsiding substantially, and once again increased to about 20 percent of volume in early October 2025,” they wrote. The researchers determined that 25%…
Crypto infrastructure startup Commonware has raised $25 million in a funding round led by Tempo, a payments-focused blockchain network, underscoring a renewed effort to scale blockchain-based payment systems.The deal, first reported by Fortune on Friday, is notable because Tempo was launched in September by fintech giant Stripe and crypto venture firm Paradigm. Commonware said other investors participated in the round but declined to name them.Commonware develops open-source software that allows other companies to build and deploy their own blockchains, supporting the growing ecosystem of payment-oriented Web3 infrastructure.Commonware CEO told Fortune that “usage and distribution is way more important than money…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s price may be experiencing a pullback due to the robust volatility in the crypto market, but bullish sentiment is starting to return on the institutional level. In a bold and bullish move, Bitmine Immersion has made another strategic ETH purchase, scooping up the altcoin on a large scale amid the ongoing volatile period. Bitmine Immersion Is Buying Ethereum Again After a brief period of quiet, Bitmine Immersion, a leading Ethereum treasury company, is back on the offensive. The treasury company has resumed its accumulation of ETH,…
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price climbed 1.4% in the last 24 hours to trade at $103,132 as of 4.15 a.m. on a 48% plunge in daily trading volume to $59.47 billion. That’s as crypto bull Samson Mow told his almost 357k followers on X that the real BTC bull run “hasn’t even started yet.” Despite weeks of heavy selling, Mow, CEO of JAN3, believes the market is only in the early stages of a generational uptrend. He suggests that long-term holders and growing institutional interest mean the foundation for…
The GENIUS Act became law on July 18 after Congress settled that stablecoins should be regulated.What happens next is a two-year rulemaking war that determines whether $250 billion in existing stablecoins flows into bank-wrapped structures or fragments into offshore silos, and whether Bitcoin and Ethereum capture the fallout or get buried under it.Justin Slaughter, Paradigm’s VP of regulatory affairs, stated on Nov. 6:“Little known fact—after the legislation is enacted, the real battle begins.”His firm just filed comments on the Treasury’s advance notice of proposed rulemaking. The central fight is whether affiliates of stablecoin issuers pay yield to holders through separate…
Traditional finance institutions across the US, Europe and Asia are moving into stablecoins now that regulatory uncertainties are easing.Payment companies like PayPal, Mastercard and Visa are either launching stablecoins, integrating stablecoin settlement into payment systems or building the infrastructure to support them.The race is not limited to corporations but is also developing at the banking level. In early October, a group of major international banks, including Goldman Sachs, Deutsche Bank, Bank of America, BNP Paribas and Citi, formed a consortium to explore issuing a “reserve-backed” digital money on public blockchains.Development has accelerated after the Guiding and Establishing National Innovation for…