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Ethereum Foundation Divests $47 Million in ETH to Treasury Giant BitMine

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The Ethereum Foundation sold 10,000 ETH to BitMine Immersion Technologies on Friday, marking its third major OTC deal with the firm. Total sales to BitMine have reached approximately $47 million over the last seven days to fund protocol R&D and ecosystem grants. BitMine, led by Tom Lee, has emerged as the world’s largest corporate ETH holder with nearly 5 million ETH in its treasury. The Ethereum Foundation has significantly increased...

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Tether Posts .04 Billion Q1 Profit

Tether Posts $1.04 Billion Q1 Profit

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Profit milestone: Tether generated $1.04 billion in net profit for Q1 2026 ending March 31. Reserve record: Excess reserves climbed to $8.23 billion, an all-time high. Asset breakdown: Total assets reached approximately $192 billion against $183.5 billion in liabilities, primarily from ~183 billion USDT in circulation. Key holdings: Reserves include $141 billion in U.S. Treasuries, $20 billion in physical gold, and $7 billion in...

Bitcoin, Cryptocurrencies, Front page, News, Stablecoins

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Tether Proposes Three-Way Merger to Build Premier Listed Bitcoin Company

Tether Proposes Three-Way Merger to Build Premier Listed Bitcoin Company

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Merger structure: Tether Investments proposes a two-stage combination of Twenty-One Capital (NYSE: XXI) first with Strike, then with Elektron Energy. Strategic vision: The combined entity would become “the premier listed Bitcoin company in the world,” integrating BTC treasury management, financial services and mining operations. Key holdings: The new platform would control approximately 43,514 BTC from XXI’s treasury and leverage...

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Meta Rolls Out USDC Stablecoin Payouts to Creators on Solana and Polygon

Meta Rolls Out USDC Stablecoin Payouts to Creators on Solana and Polygon

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Adoption milestone: Meta starts rolling out USDC payouts to a limited group of creators in Colombia and the Philippines, allowing direct wallet deposits on Solana or Polygon. Technical setup: Creators link compatible crypto wallets through Meta’s platform; Stripe handles stablecoin transfers and generates tax documentation for earnings and transactions. Partnership details: Stripe’s Link feature powers the payouts, with initial...

Crypto adoption, Cryptocurrencies, Front page, News, Stablecoins

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Polymarket Negotiates with CFTC to End Four-Year Ban on U.S. Users

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Polymarket is seeking CFTC approval to reopen its primary, crypto-native exchange to American traders after a four-year hiatus. The company is reportedly discussing merging its blockchain infrastructure with the regulatory licenses of its domestic entity, QCX LLC. The decision rests primarily with CFTC Chair Michael Selig, as four of the five commissioner seats currently remain vacant. Polymarket, the world’s largest decentralized...

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