The investment gives BitMine exposure to consumer media and potential DeFi revenue streams, strengthening its treasury strategy beyond ether accumulation.
Christopher Wood, Jefferies' global head of equity strategy, swapped a 10% bitcoin allocation with gold on concern quantum computing could weaken bitcoin’s security case.
Federal prosecutors said Brian Garry Sewell defrauded investors of nearly $3 million and ran an unlicensed cash-to-crypto business that moved more than $5 million.
BitMine Chair Tom Lee told investors that the company could generate over $400 million income on its $13 billion worth of ether holdings, primarily via staking.
While Coinbase said that the crypto market structure bill would essentially ban tokenized securities, companies in that sector say that's not the case.
Armstrong told CNBC that his firm pulled support for a sweeping digital assets bill after finding provisions that could have harmed consumers and stifled competition.
The latest push to establish a comprehensive U.S. crypto market structure framework hit a snag this week, but leaders in DeFi don’t seem alarmed by the collapse.
In a letter on Thursday, lawmakers accused the SEC of enabling a "pay-to-play" dynamic after dropping cases against Binance, Coinbase, Kraken and Justin Sun.
The digital assets crowd has been complaining bitterly about bank-lobbyist tactics, but Senate lawmakers have a much longer relationship with their bankers.