5 Aug 2025, 22:50

Bitmine Becomes World’s Largest ETH Treasury With $2.9 Billion in Holdings

Bitmine Immersion has amassed over 833,000 ETH worth $2.9 billion, making it the world’s largest ethereum treasury. Backed by top investors, the company now ranks as the third-largest corporate crypto holder globally, behind MicroStrategy and MARA. BMNR Surges in Liquidity Rankings as Treasury Strategy Hits 833,000 ETH Bitmine Immersion Technologies (Nasdaq: BMNR) has cemented its

5 Aug 2025, 22:34

Metamask to enter $250B stablecoin market with ‘Metamask USD’ issued by Stripe

MetaMask is reportedly planning to join hands with Stripe to introduce a stablecoin called “MetaMask USD” in an initiative that was announced via a governance proposal. The ultimate aim of the stablecoin would be to reduce transaction volatility and enhance usability for altcoin transactions while leveraging Stripe’s already existing financial infrastructure to bridge traditional finance and decentralized platforms. Will Metamask launch a stablecoin? According to the proposal available , Metamask plans to launch a stablecoin (mmUSD) that will be issued by Stripe but will leverage the “M^0” network for unchained issuance and settlement. The stablecoin is reportedly being set up as a cornerstone asset for the Metamask ecosystem, providing a highly liquid base currency natively integrated across Metamask services. The proposal is being classified as part of a broader crypto growth trend, with the potential to not only reshape DeFi user behavior and market dynamics but also drive organic distribution and deepen stablecoin liquidity. Of course, the success of the stablecoin hinges on user adoption and the ability to keep its value stable. At this time, there has been no official confirmation from MetaMask or Stripe and specific details about the stablecoin’s structure, launch timeline, or regulatory considerations are limited. However, it would not be a shock to find that this is truly in the works. After all, stablecoins have quickly grown to become crypto’s fastest growing killer application, with over $250 billion in circulation today, a figure that significantly dwarfs the single-digit billions circulating in 2020. Currently, around 20 million addresses transact with stablecoins on public blockchains, and even Federal Reserve Governor Christopher Waller had to acknowledge their significance. Waller noted that about 99% of stablecoin market capitalization is linked to the US dollar, which has created a dynamic where crypto, actually serves to extend dollar usage globally rather than discourage it. Brian Brooks, former US Comptroller of the Currency, believes, “Stablecoins can keep the dollar the world’s reserve currency” by making it more accessible worldwide. Talks of a Metamask stablecoin follows the debut of its card The proposal to launch a Metamask stablecoin comes after the Web3 company unveiled its card in partnership with Baanx and Mastercard. According to an announcement from the company, the card will allow its holders to “pay with crypto with no extra steps, no banks, no unnecessary charges, or top-ups needed.” The card is a critical innovation that connects existing stablecoins directly to everyday payment systems without sacrificing the very principle that separates crypto from traditional finance: self custody. In an interview Simon Jones, Chief Commercial Officer at Baanx, highlighted the gap between crypto and tradfi and how it is finally being bridged through “non-custodial neobanking.” “We’ve kind of built a coalition of people around us ranging from our partnerships with people like MasterCard and Visa to our issuing platforms. We go all the way through from the blockchain to the consumer via the partner with the bits in the middle,” he said. In short, companies like Baanx are building systems that will allow users to spend crypto directly from their self-custody wallet without fully surrendering control to a bank or exchange. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

5 Aug 2025, 21:50

Foxconn reports a 7.25% sales rise in July, its slowest since January

Hon Hai Precision Industry Co., best known as Foxconn, saw its sales growth ease in July, suggesting that worries over U.S. tariffs are cooling demand for electronics. At the same time, the company is moving ahead with big bets on data-center gear, including the sale of a U.S. factory, as global tech firms pour money into artificial-intelligence infrastructure. Sales at Hon Hai rose 7.25% in July to NT $613.8 billion ($20.5 billion) as per Bloomberg , marking the slowest monthly gain since January. That fell short of analysts’ expectations for a 12.2% jump in third-quarter revenue. The company, which also makes iPhones for Apple, had previously said it expected both sequential and year-on-year sales growth in the July-to-September period. Last week, President Donald Trump imposed a 20% tariff on goods exported from Taiwan to the United States. While electronics shipments are currently exempt, they could still feel the impact of an ongoing U.S. probe under Section 232 of the Trade Expansion Act, which includes semiconductors. Despite these headwinds, Hon Hai may find brighter spots ahead. As Cryptopolitan reported earlier, the world’s biggest tech names are ramping up capital spending to stay at the forefront of the AI boom. Microsoft, Amazon, Alphabet, and Meta are set to invest more than $344 billion this year combined, much of it aimed at building or upgrading data centers. Nvidia, a key Hon Hai partner on server assembly, has laid out plans to provide up to $500 billion worth of AI infrastructure in the U.S. over the coming years, working with manufacturers including Foxconn. Foxconn sells Ohio plant, shifts toward AI focus In a related move on Monday, Foxconn agreed to sell its former car plant in Lordstown, Ohio, for $375 million, machinery included. The company stressed it would continue using the site for a wider array of products that fit its long-term goals. Foxconn did not spell out exactly what it will build at Lordstown. It did note, however, that its cloud and networking-gear unit has seen “significant growth” in orders. An industry source familiar with the deal said the Ohio facility will support AI-focused data centers. At more than six million square feet (557,000 sqm), the plant is roughly six times the size of Foxconn’s Houston factory, which is being readied to produce Nvidia’s GB300 AI servers. The plant’s backstory dates to 2022, when Foxconn bought the former General Motors small-car factory there, named for the town, from now-defunct Lordstown Motors Corp. for $230 million. The two companies had teamed up to build electric pickup trucks at the site, but the venture unraveled when Lordstown Motors went under and filed suit against its partner. In its Monday announcement, Foxconn said it sold the factory to one of its “existing business partners” but offered no further details. It added that it remains committed to serving U.S. automotive clients and can quickly ramp up vehicle output if needed. Foxconn has been stretching beyond its roots as an iPhone maker. Just last week, it formed a strategic alliance with TECO Electric & Machinery (1504.TW) to develop data-center projects. Hon Hai’s broader business may also have been boosted by brisk demand for Apple gadgets. Apple reported its fastest quarterly revenue rise in more than three years on strong Chinese sales and said it expects current-quarter revenue to climb by mid-to-high single digits compared with a year earlier. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

5 Aug 2025, 21:30

Palantir stock jumped 7.9% and hit its highest close ever after reporting over $1 billion in revenue

Palantir hit a record high on Tuesday, closing with a 7.9% jump, but it wasn’t enough to stop the rest of the market from sliding. The S&P 500 dropped 0.49% to close at 6,299.19, while the Nasdaq Composite fell 0.65%, ending at 20,916.55. The Dow gave up 61.90 points, closing at 44,111.74. That came just one day after the Dow had rebounded almost 600 points from Friday’s steep 500-point loss, triggered by a weak jobs report that showed long-running cracks in the U.S. labor market. The pressure on Tuesday came from Trump’s new tariff threats and more signs that the economy is cooling off. Traders were rattled by disappointing economic data and the idea that higher costs might be coming soon. Amid all that, Palantir became the outlier. Palantir revenue spikes as contracts pour in Palantir reported quarterly revenue of $1.05 billion, crushing the $940 million expected by analysts at LSEG. That’s a 48% increase compared to last year, and the first time the company has ever crossed the $1 billion mark in a single quarter. A huge chunk of that came from government contracts, which now make up a growing part of Palantir’s business. Just last week, the U.S. Army decided to consolidate multiple Palantir deals into a single long-term contract. That deal could be worth $10 billion over 10 years, giving Palantir a major pipeline of steady revenue. In April, the company also signed a $30 million contract with Immigration and Customs Enforcement to build a new system called “ImmigrationOS”, designed to track migrant data and speed up deportations. The surge in government work didn’t happen in a vacuum. Palantir’s rise is directly tied to Donald Trump’s new spending bill, which includes around $300 billion to overhaul defense, military, and border security infrastructure. Tucked into that bill is a $6 billion fund for autonomous surveillance towers. And only one company, Anduril, has been cleared to supply them. But Palantir , a longtime defense contractor and Peter Thiel-backed data group, is one of the other major firms set to benefit from that money. Trump’s spending package came with a twist. The surveillance tower money must go to towers “tested and accepted by US CBP to deliver autonomous capabilities.” That requirement practically guarantees more business for Anduril, which makes those exact towers and has already supplied them to Customs and Border Protection at both the Mexican and Canadian borders. But Palantir is clearly part of the same inner circle; backed by Thiel, tapped for immigration work, and now sitting on billion-dollar military deals. Trump allies hold big stakes in Palantir and Anduril Palantir’s government revenue came through deep political connections. Public filings show White House deputy chief of staff Stephen Miller owns at least $100,000 worth of Palantir shares in a brokerage account set up for his child. Several other officials have smaller investments in the company. Meanwhile, Donald Trump Jr. joined 1789 Capital last year, an investment group that backed Anduril early on. That firm also invested in another Thiel-linked defense startup called Hadrian, which manufactures defense components. Shyam Sankar, Palantir’s chief technology officer, recently joined the U.S. Army Reserves under a special program designed to bring in private sector tech executives. His new role is tied to building out what officials are calling a new AI-powered military-industrial base. Other names involved include leaders from Meta and OpenAI, all working to help the Pentagon modernize systems using artificial intelligence. Anduril, founded by Palmer Luckey, the same guy who sold Oculus to Meta, has been a key player in the same space. The company already supplies CBP with surveillance towers and now stands to gain heavily from Trump’s bill. But it’s not just about hardware anymore. Palantir’s software plays a major role in immigration enforcement, defense analytics, and military intelligence. KEY Difference Wire helps crypto brands break through and dominate headlines fast

5 Aug 2025, 21:30

MEI Pharma Makes Litecoin Its Primary Treasury Asset

Nasdaq-listed MEI Pharma has included Litecoin (LTC) in its corporate treasury, thereby bringing some positive attention to the cryptocurrency. Precisely, it made a $100 million private placement in the digital asset, and this amounted to a total of 929,548 Litecoin (LTC) tokens. MEI Pharma Boasts of $112.54M Worth of Litecoin MEI Pharma recently became the first U.S.-listed firm to adopt Litecoin as its primary treasury reserve asset by investing $100 million in the token. The Nasdaq-listed pharmaceutical company secured a total of 929,548 Litecoin (LTC) at an average price of $107.58 between July 30 and August 4. According to CoinMarketCap data, 1 unit of LTC currently has a market value of $121.46, corresponding with a 1.93% rally within the last 24 hours. Judging by this price level, MEI Pharma’s LTC treasury is worth approximately $112.54 million. Meanwhile, LTC’s market capitalization has reached $9.25 billion, making it the 18th-largest cryptocurrency by this metric. Its 24-hour trading is also now at $1.91 billion, following a 90.55% ìncrease. Investors Become Stakeholders in MEI Pharma Litecoin creator Charlie Lee and crypto trading firm GSR acted as lead investors in the $100 million private placement , which closed in July. Lee is now a member of MEI’s board of directors, specifically taking the place of Taheer Datoo, who has been a director at MEI Pharma since October 2023. Also, GSR was appointed as the company’s treasury asset manager. Litecoin Foundation, Delta Blockchain, ParaFi, RLH Capital, and Hivemind are other investors in the fund placement. The decision to pick LTC comes from its stellar record of uninterrupted uptime, low fees, and fast settlement. GSR Announces $100 million Private Investment in Upexi In April, GSR announced a $100 million private investment in public equity (PIPE) into Upexi, Inc., a consumer product firm. This fund was an avenue for the crypto trading firms to contribute to Upexi’s Solana (SOL) treasury strategy. This was around the time when Upexi announced that it is pivoting toward a cryptocurrency-based treasury strategy. This decision underscores its commitment to establishing a Solana treasury strategy. Similarly, GSR has a mission to close the gap between traditional capital markets and the digital asset ecosystem. Interestingly, this stance rightly positioned it for this deal. The post MEI Pharma Makes Litecoin Its Primary Treasury Asset appeared first on TheCoinrise.com .

5 Aug 2025, 20:30

Trump named Warsh, Hassett, Waller, and Bowman as his four top picks for Fed chair

Trump has trimmed down his shortlist for the next Federal Reserve chair to four names, all loyalists: Kevin Warsh, Kevin Hassett, Christopher Waller, and Michelle Bowman. Speaking on CNBC’s Squawk Box Tuesday morning, Trump confirmed that Scott Bessent, who was previously a strong contender, is no longer in the race. Apparently, Scott had told Trump he prefers to remain at the Treasury Department, shutting down any rumors that he might take the Fed job. “Well, I love Scott, but he wants to stay where he is,” Trump said during the live interview. “I asked him just last night, ‘Is this something you want?’ [Scott said], ‘Nope, I want to stay where I am. He actually said, ‘I want to work with you.’ It’s such an honor. I said, ‘That’s very nice. I appreciate that.’” Trump’s final four all support lower interest rates, and each of them has made it clear they’re ready to suck up to him for the sake of getting the job, which makes it clear that the central bank will likely turn political, something Wall Street is not happy about. Kugler quits as Trump names his final four Trump’s announcement came just days after Adriana Kugler, one of the Fed governors, abruptly said she’s stepping down . Her resignation becomes effective this Friday. That gives Trump a new vacancy to fill immediately. Two of Trump’s finalists, Warsh and Hassett, have both served in high-level economic roles and are vocal critics of the Fed’s current approach. Warsh previously sat on the Fed board. Hassett leads the National Economic Council and has been one of Trump’s closest economic policy aides. Both have publicly argued for easing monetary policy sooner and more aggressively. The other two on the list, Chris and Michelle, are sitting Fed governors who voted last month to cut rates, breaking from Jerome Powell and the majority who chose to hold steady. Their dissents didn’t go unnoticed. Trump told CNBC: “Both Kevins are very good, and there are other people that are very good, too. Like governors Michelle and Christopher.” Powell’s future, rate politics, and prediction market odds Jerome Powell still has time left, as his term ends in May 2026. But as everyone probably knows, Trump has been attacking him publicly since last year, accusing him of delaying rate cuts to protect Democrats. Trump even claimed Powell had promised loyalty. “Sir, I’ll keep interest rates so low. I’m a low interest rate person,” Trump said Powell told him back in 2017, when Trump nominated him during his first term. The central bank’s benchmark rate is currently stuck between 4.25% and 4.5%, after staying unchanged last week. Markets expect a drop in September. Trump claims the last few cuts, especially the full percentage point reduction between September and December 2024, were political favors aimed at helping Kamala Harris, the Democratic nominee. There’s also been talk that Trump might appoint someone to quietly undercut Powell’s authority before 2026. He didn’t deny it. When asked, he responded, “It’s a possibility.” Source: Kalshi Prediction market Kalshi updated its odds after Trump’s comments. Hassett and Warsh each rose to a 35% probability of being picked as chair. Waller dropped to 15%, possibly because Trump didn’t say his name on air. Judy Shelton, who advised Trump during his first term, got 6% odds. David Malpass, who ran the World Bank from 2019 to 2023, was assigned 4%. Trump himself even received a 1% vote on Kalshi to run the Fed. He’s joked before that he could lead the central bank better than Powell. “If I wanted to do it myself, I could,” he said. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.