hodler

8 Jun 2026, 14:43

Ethereum Treasury Giant Bitmine Now Holds 4.59% of Total ETH Supply

Ethereum treasury company Bitmine accumulated 126,971 ETH over the past week. According to the latest update, the firm reported total crypto, cash, and ‘moonshots’ holdings of $9.6 billion, including 5.54 million ETH priced at $1,630 per token, 204 Bitcoin, a $180 million stake in Beast Industries, an $88 million position in Eightco Holdings, and $247 million in cash. Bitmine said its ETH stack equals 4.59% of the 120.7 million ETH supply, as the latest market downturn coincided with aggressive buying. Bitmine Keeps Buying Chairman Thomas ‘Tom’ Lee said the pullback did not reflect strengthening fundamentals, and instead argued that improving AI systems will increase demand for decentralized and hardened networks like Ethereum. Lee reiterated that the market is in the early stages of “crypto spring.” The announcement read, “Bitmine is 92% of the way to the ‘Alchemy of 5%’ in just 11 months.” Additionally, Bitmine revealed that it has staked almost 4.72 million ETH worth about $7.7 billion. This means that more than 85% of holdings are now staked, and staking yields are reported at 2.99% over seven days. Annualized staking revenues are projected at $230 million, alongside potential rewards reaching $270 million at scale. Just last week, Bitmine filed to launch a public offering of 3 million shares of its 9.50% Series A Perpetual Preferred Stock. According to its SEC filing, the proceeds may be used for general corporate purposes, including buying additional ETH and other digital assets, expanding staking and validator infrastructure via its MAVAN platform, working capital needs, strategic investments in the Ethereum ecosystem, and possible share repurchases under its buyback program. The preferred shares carry a 9.50% annual dividend on a $100 stated value, payable in cash when declared, while missed payouts accumulate and the effective rate can climb up to 15% over time. Bitmine has applied to list the shares on the NYSE under the ticker “BMNP.” Strategy’s Fresh Purchase Bitmine is still one of the few big digital asset treasury companies continuing to buy crypto, while many others have stopped accumulating and have started selling as prices fell sharply this year. The firm now holds the largest Ethereum treasury and the second-largest global treasury, behind Strategy. Strategy recently added 1,550 BTC for a little over $100 million at an average price of $65,332, which pushed its total holdings to 845,256 BTC bought at an average cost of $75,680. The Saylor-led company also sold a small part of its BTC holdings last week for the first time since 2022. The post Ethereum Treasury Giant Bitmine Now Holds 4.59% of Total ETH Supply appeared first on CryptoPotato .

8 Jun 2026, 14:25

Sam Bankman-Fried Formally Requests Presidential Pardon from Donald Trump

BitcoinWorld Sam Bankman-Fried Formally Requests Presidential Pardon from Donald Trump Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, has formally requested a presidential pardon from U.S. President Donald Trump, according to a report from Bloomberg. The request comes as the White House considers a broad slate of pardons tied to the 250th anniversary of American independence. Context of the Pardon Request Bankman-Fried, commonly known as SBF, is currently serving a 25-year prison sentence after being convicted on multiple counts of fraud and conspiracy related to the misuse of billions of dollars in customer funds at FTX and its affiliated hedge fund, Alameda Research. His legal team has reportedly filed the formal pardon application with the Department of Justice, though the specific grounds for clemency have not been publicly detailed. The request arrives at a time when President Trump has signaled interest in issuing a large number of pardons. The Wall Street Journal previously reported that the administration is considering clemency for up to 250 individuals to mark the nation’s semiquincentennial, with a potential announcement during events on either June 14 or July 4 of this year. Implications for the Crypto Industry The development has drawn attention from both legal observers and the cryptocurrency community. Bankman-Fried was once a prominent figure in digital assets, known for his political donations and advocacy for crypto regulation. His conviction in 2023 was seen as a landmark case in the government’s crackdown on financial misconduct in the sector. A pardon would effectively wipe out his federal convictions, though it would not necessarily resolve civil liabilities or potential state-level charges. Legal experts note that presidential pardons are typically granted based on demonstrated rehabilitation, unusual circumstances, or broader policy considerations. Why This Matters to Readers For those following the aftermath of the FTX collapse, this pardon request represents a significant legal maneuver that could reshape the narrative around one of the most consequential financial fraud cases in recent history. It also highlights the intersection of political power and the cryptocurrency industry, raising questions about accountability and the limits of executive clemency. The outcome of this request will be closely watched by investors, legal professionals, and policymakers alike, as it may set a precedent for how high-profile financial criminals are treated under the current administration. Conclusion Sam Bankman-Fried’s formal pardon request adds a new chapter to the ongoing saga of the FTX collapse. While the White House has not commented on the specific application, the broader consideration of mass pardons for the 250th anniversary creates a unique window for such a petition. Whether the request is granted remains uncertain, but it underscores the continuing legal and political fallout from one of the largest fraud cases in American history. FAQs Q1: What charges is Sam Bankman-Fried currently serving time for? He was convicted on seven counts of fraud, conspiracy, and money laundering related to the misuse of customer funds at FTX and Alameda Research. He received a 25-year federal prison sentence. Q2: Can a presidential pardon erase all legal consequences for SBF? A federal pardon would eliminate his criminal convictions and restore certain civil rights, but it would not affect any potential state-level charges or civil lawsuits from creditors and investors. Q3: When might President Trump announce these pardons? According to reports, the administration is considering announcing the pardons around June 14 or July 4 of this year, coinciding with the 250th anniversary of U.S. independence. This post Sam Bankman-Fried Formally Requests Presidential Pardon from Donald Trump first appeared on BitcoinWorld .

8 Jun 2026, 14:24

Bitmine Adds 127K ETH to 5.54M Treasury, MetaMask Launches AI Agent Wallet

Ethereum News Bitmine Immersion Technologies accelerated its accumulation last week, purchasing 126,971 ETH for roughly $207 million and lifting its total treasury to 5,543,872 tokens worth about $...

8 Jun 2026, 14:11

Bitcoin Punches Back Above $63K as Nasdaq Claws Back 1.3% From Worst Drop in a Year

Bitcoin climbed back above $63,000 Monday morning as institutional buyers stepped in and U.S. lawmakers advanced key crypto legislation, pushing the total digital asset market cap to $2.19 trillion. Institutions Buy the Dip Strategy purchased an additional 1,550 BTC for approximately $101 million, according to data circulating Monday. The move came as bitcoin traded near

8 Jun 2026, 14:10

Coinbase Designated Official Deployer for Hyperliquid’s USDC Treasury Wallet

BitcoinWorld Coinbase Designated Official Deployer for Hyperliquid’s USDC Treasury Wallet Coinbase has been officially designated as the deployer for Hyperliquid’s USDC Treasury Wallet, according to an announcement made on X (formerly Twitter) by the exchange. The move signals a deepening integration between one of the largest centralized cryptocurrency exchanges and a prominent decentralized finance (DeFi) platform. What the Designation Means The role of “deployer” for the USDC Treasury Wallet implies that Coinbase will manage or facilitate the creation and operation of the wallet infrastructure used by Hyperliquid to hold its USDC reserves. This is a critical function for ensuring the liquidity and security of the stablecoin assets that underpin Hyperliquid’s trading and lending activities. The partnership leverages Coinbase’s institutional-grade custody and operational expertise, while Hyperliquid benefits from a trusted, regulated counterparty. Context and Implications Hyperliquid is a decentralized exchange (DEX) and layer-1 blockchain known for its high-performance order book and perpetual futures trading. Its treasury wallet holds a significant amount of USDC, which is used for platform operations, liquidity provision, and risk management. By partnering with Coinbase, Hyperliquid gains access to a regulated and widely trusted infrastructure provider, which could enhance user confidence and regulatory compliance. This is not the first collaboration between centralized exchanges and DeFi protocols. However, the specific role of a “deployer” for a treasury wallet is relatively novel. It highlights a trend where DeFi projects are increasingly relying on centralized, regulated entities for critical back-end functions, such as custody and wallet management, rather than operating entirely on-chain. This hybrid approach aims to combine the efficiency and transparency of DeFi with the security and regulatory clarity of traditional finance. Why This Matters for Users For traders and liquidity providers on Hyperliquid, this partnership could mean improved security for the platform’s reserves. Coinbase’s involvement may also pave the way for greater institutional participation in Hyperliquid’s ecosystem, as institutions often require exposure to regulated custodians before committing capital. Additionally, the move could set a precedent for other DeFi protocols to seek similar partnerships with centralized exchanges, potentially reshaping the infrastructure of the DeFi space. Conclusion Coinbase’s appointment as the official deployer for Hyperliquid’s USDC Treasury Wallet is a strategic development that bridges the centralized and decentralized finance worlds. It underscores the growing importance of trusted, regulated infrastructure in the DeFi ecosystem and signals a maturing market where collaboration between different crypto sectors becomes more common. As the partnership develops, it will be worth monitoring how it impacts Hyperliquid’s operational resilience and the broader adoption of hybrid finance models. FAQs Q1: What does it mean that Coinbase is the ‘deployer’ for Hyperliquid’s USDC Treasury Wallet? A1: As the deployer, Coinbase is responsible for creating and managing the wallet infrastructure that holds Hyperliquid’s USDC reserves. This includes ensuring the wallet’s security, compliance, and operational functionality, leveraging Coinbase’s institutional custody services. Q2: How does this partnership benefit Hyperliquid users? A2: Users may benefit from enhanced security and trust, as Coinbase is a regulated and well-known entity. The partnership could also attract more institutional liquidity to Hyperliquid, potentially leading to better trading conditions and deeper markets. Q3: Is this a common practice in the crypto industry? A3: While collaborations between centralized exchanges and DeFi protocols are becoming more common, the specific role of a treasury wallet deployer is still emerging. This partnership represents a growing trend of DeFi projects integrating with regulated infrastructure providers to improve security and compliance. This post Coinbase Designated Official Deployer for Hyperliquid’s USDC Treasury Wallet first appeared on BitcoinWorld .

8 Jun 2026, 13:52

Congress to Discuss Crypto Tax Rules: What to Watch

The House Ways and Means committee will review draft crypto tax bills covering staking, mining, network fees, and reporting.