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Crypto World

Institutional DeFi Bifurcates as Private Networks Raise $1B and Hyperliquid Stablecoin Supply Hits $5.4B

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • Arc, Canton, and Tempo collectively raised $1.022B, pushing combined valuations to nearly $10B this week.
  • Coinbase became Hyperliquid’s official USDC treasury deployer under the network’s Aligned Quote Asset framework.
  • Hyperliquid stablecoin supply reached $5.43B as of May 14, 2026, reflecting a 14% increase over 90 days.
  • The Genius Act of 2025 opened a clearer regulatory path for institutions backing stablecoin-linked infrastructure.

Institutional DeFi is moving in two directions at once. Private, compliance-focused blockchain networks raised over $1.0B this week, while Hyperliquid’s stablecoin supply reached $5.4B.

Coinbase is now the official USDC treasury deployer on Hyperliquid. Together, these developments show how regulated dollar liquidity is becoming embedded market infrastructure across both private and public crypto venues.

Private Blockchain Networks Attract Over $1B in Institutional Backing

Arc, Canton, and Tempo pulled in a combined $1.022B in disclosed capital this week. Their combined valuations sit near $10B, making this a meaningful capital-allocation signal.

Each project addresses a core institutional concern: transacting without exposing workflows to a public block explorer.

Circle raised $222M for Arc at a $3B valuation. Backers include BlackRock, Apollo, a16z crypto, ARK Invest, and Standard Chartered Ventures. Arc focuses on stablecoin-based capital markets, tokenized assets, and cross-border settlement.

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Canton, backed by a16z crypto, is seeking $300M at a $2B valuation for privacy-enabled interoperability among banks and trading firms.

Stripe and Paradigm-backed Tempo raised $500M at a $5B valuation. Its edge comes from Stripe’s merchant and developer distribution network. That reach gives Tempo access to customers most crypto-native chains must earn one integration at a time.

On why institutions fund privacy-first networks, Bitwise CIO Matt Hougan put it plainly: “For a business, broadcasting every trade before completion or making payroll visible to a block explorer is a bug, not a feature.”

That explains why networks with built-in privacy controls continue to attract large institutional backing. The U.S. Genius Act of 2025 further cleared a path for stablecoin-linked infrastructure investment.

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Coinbase Takes the Treasury Role as Hyperliquid’s Stablecoin Supply Nears $5.4B

Coinbase will serve as the official USDC treasury deployer on Hyperliquid under the network’s Aligned Quote Asset framework. USDH will remain redeemable for USDC during a transition period before being phased out over time.

Sentora Research framed the move this way: “This is not simply another chain integration. It is a signal about who controls liquidity operations inside a major public onchain venue.”

DefiLlama data shows Hyperliquid stablecoin supply at roughly $5.43B as of May 14, 2026, up about 14% over 90 days.

TVL on the platform sits near $5.08B over the same period. Stablecoins on a perps venue are not passive — they serve as collateral, quote currency, and settlement asset.

The AQA framework also shares reserve yield revenue with the protocol. That makes stablecoin deployment part of venue economics, not just a balance-sheet decision.

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Coinbase brings regulated brand trust and fiat adjacency that add credibility to USDC’s role inside Hyperliquid.

USDH being phased out shows how difficult it is for venue-native stablecoins to compete. When a regulated, widely distributed stablecoin plugs into the same demand, native experiments face a very high bar.

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Strategy Sells 3,588 Bitcoin to Fund STRC Dividends as MSTR Shares Slip

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Crypto Breaking News

Strategy sold 3,588 Bitcoin worth $216 million during the past week to support dividend payments on its STRC preferred securities. The transaction marked the company’s largest Bitcoin sale so far this year and reduced its total holdings to 843,775 BTC. Meanwhile, MSTR shares declined in premarket trading, while Bitcoin also traded lower after the disclosure.

Strategy Uses Bitcoin Sale to Support STRC Dividend Payments

Strategy completed two Bitcoin sales between June 29 and July 5 and raised about $216 million. The company disclosed the transactions through a filing with the U.S. Securities and Exchange Commission. Therefore, the move confirmed its decision to use Bitcoin reserves for funding preferred stock obligations.

The company sold 1,363 BTC between June 29 and June 30 for approximately $80.8 million. It then sold another 2,225 BTC between July 1 and July 5 for about $135.2 million. Together, both transactions represented the company’s largest Bitcoin sale to date.

Following the transactions, Strategy held 843,775 Bitcoin and maintained approximately $2.55 billion in U.S. dollar reserves. The filing stated that the proceeds would fund dividend payments linked to its digital credit securities. As a result, the company continued executing the financing framework introduced through its preferred securities programme.

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STRC and MSTR Shares React After Latest Company Update

The latest filing also showed that Strategy did not issue common shares through its at-the-market programme during the reporting period. In addition, the company did not repurchase any common stock under its authorised buyback programmes. Therefore, the update focused attention on the Bitcoin sale instead of equity activity.

STRC shares remained below their $100 par value despite recent market activity. However, the preferred security recorded modest gains after Binance introduced continuous 24-hour trading support. The stock traded near $88 in premarket trading and posted a gain of less than 1%.

Meanwhile, MSTR shares moved lower after the disclosure reached the market. Premarket data showed the stock trading around $98 with a decline approaching 2%. At the same time, Bitcoin traded near $61,700 and lost more than 2% during the session.

Bitcoin Holdings Record Quarterly Loss Despite Long-Term Treasury Strategy

Strategy also reported an $8.32 billion loss on its Bitcoin holdings for the quarter ended June 30. The filing separated the total into an unrealised loss of about $8.31 billion and a realised loss of approximately $900 million. Consequently, accounting adjustments reflected weaker Bitcoin valuations during the reporting period.

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The company reported a carrying value of approximately $49.67 billion for its Bitcoin holdings as of June 30. However, the filing stated that the cost basis exceeded the fair value of the digital assets. Therefore, Strategy expects to recognise a valuation allowance against deferred tax benefits connected to the unrealised losses.

Strategy has continued building one of the world’s largest corporate Bitcoin treasuries despite recent market volatility. Earlier this year, the company indicated that it could sell portions of its Bitcoin holdings to support obligations tied to its digital credit products. The latest transaction followed that framework and demonstrated how Strategy plans to balance treasury management with commitments to preferred security holders.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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DeFi protocol Summer.fi halts Lazy Summer vaults after $6 million exploit

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DeFi protocol Summer.fi halts Lazy Summer vaults after $6 million exploit

Decentralized finance protocol Summer.fi has paused its Lazy Summer vaults after an exploit that drained about $6 million from the Ethereum-based yield platform, according to the project and several blockchain security firms.

Lazy Summer is an automated yield platform that routes deposits across lending markets such as Aave and Morpho in search of higher returns while handling rebalancing on behalf of users.

The incident was first flagged by blockchain security firm Blockaid, with PeckShield and CertiK also reporting suspicious activity. Summer.fi later confirmed it was investigating the attack and said protocol guardians had paused affected vaults to prevent additional losses.

Early analyses suggest the attacker leveraged a large flash loan attack, reportedly sourced through Morpho, to manipulate the accounting logic of Lazy Summer’s automated USDC vaults.

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DeFi security researcher Bhari noted that the exploit took advantage of a flaw in the code to inflate total assets, which they were then allowed to redeem for a net profit. The stolen funds were apparently converted to DAI on Curve before being transferred to the attacker’s wallet.

The protocol had $22 million in total value locked before the exploit, according to DeFiLlama data. The protocol’s SUMR token lost more than 18% of its value after the exploit was uncovered.

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Sberbank prepares crypto wallet as Russia’s digital asset law nears rollout

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Sberbank prepares crypto wallet as Russia's digital asset law nears rollout

Russia’s largest lender, Sberbank, has confirmed plans to launch a cryptocurrency wallet and digital asset depository within months after the country’s proposed digital asset law takes effect on Sept. 1.

Summary

  • Sberbank plans to launch a crypto wallet and digital asset depository after Russia’s new digital asset law takes effect on Sept. 1.
  • Russia’s largest bank is also considering providing access to foreign crypto exchanges, subject to the final regulatory framework.
  • The planned launch comes as Russia prepares to roll out both its digital asset rules and the digital ruble from Sept. 1.

According to local news outlet RBC, Sberbank expects to integrate a crypto wallet into its mobile applications shortly after the legislation comes into force, while its digital asset depository infrastructure is scheduled to be ready by Dec. 1.

First Deputy Chairman Kirill Tsarev said the rollout timeline depends on the publication of the final version of the law and the availability of updated Sberbank mobile apps through online app stores. He added that Android users could receive the updated interface earlier than iPhone users.

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Sberbank, which holds about one-third of Russia’s banking assets and is majority-owned by the Russian government, is also considering becoming an intermediary that would allow Russians to trade on foreign cryptocurrency exchanges under a proposed amendment to the legislation. Tsarev said the decision will depend on domestic regulatory requirements and the rules governing foreign exchanges.

Sberbank has steadily expanded its digital asset activities in recent years. In December, Deputy Chairman Anatoly Popov said the bank was exploring crypto-backed lending and was working with regulators on the legal and technical infrastructure needed to support such products. 

He also disclosed that Sberbank had completed more than 160 digital asset issuances on its proprietary platform since the beginning of 2025 while continuing to evaluate decentralized finance applications and asset tokenization within Russia’s regulated financial system.

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Banking sector prepares for new crypto rules

The planned launch follows comments from First Deputy Chairman of the Central Bank Vladimir Chistyukhin, who has said the new digital asset framework is expected to take effect on Sept. 1. Under the legislation, companies offering cryptocurrency custody, trading services and cross-border settlements would be required to operate under a licensing regime.

Separately, Russia’s second-largest lender, VTB, and T-Bank Group have also announced plans to establish digital asset depositories after the law comes into force, RBC reported. Moscow Exchange has likewise said it intends to begin crypto-related operations before the end of 2026.

The preparations come as Russia also moves ahead with its digital ruble rollout. Earlier this month, Bank of Russia Governor Elvira Nabiullina said the central bank remains on track to launch the central bank digital currency on Sept. 1, with major banks expected to begin offering digital ruble services through their applications from the same date.

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Securitize (SECZ) eyes acquisitions with $400 million war chest after going public

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Securitize heads to NYSE debut after investors approve SPAC merger; CEPT gains 20%

The firm is not interested in buying rivals, Domingo said. “They’re not going to bring anything to me that I don’t have in terms of tech.”

Instead, Domingo said Securitize is looking at businesses that complement its institutional tokenization offering, aiming to build a broader “one-stop shop” for customers.

“We’re going to look at what things are adjacent to tokenization that either our existing customers from the tokenization space,” he said.

Tokenization of public markets

The broader tokenization market has grown rapidly as banks, asset managers and exchanges embrace blockchain-based financial infrastructure. Tokenized real-world assets now exceed $32 billion, RWA.xyz data shows. Citi has projected tokenized securities could grow into a $5.5 trillion market by 2030, while Boston Consulting Group and Ripple estimate the sector could reach $18.9 trillion by 2033.

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Much of that momentum is now shifting beyond tokenized Treasury funds toward public markets.

Earlier this year, NYSE parent Intercontinental Exchange (ICE) partnered with Securitize to develop infrastructure for tokenized equities. The company also teamed up with transfer agents Computershare and Continental to enable public companies to issue shares directly on blockchain rails.

Elsewhere, Nasdaq has publicly explored tokenization initiatives, while DTCC, the backbone of U.S. securities settlement overseeing more than $114 trillion in assets, recently unveiled plans to introduce a tokenized securities platform targeting an October launch.

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Ethereum begins new week on strong footing as bulls target key breakout levels

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Ethereum begins new week on strong footing as bulls target key breakout levels

Key takeaways

  • Bitcoin, Ethereum, and XRP started the week holding onto last week’s strong gains.
  • Ethereum is approaching its 50-day EMA near $1,806, a key hurdle for extending its recovery.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) began the week on a constructive note after surging over 6%, 13% and 10% in the previous week. 

BTC holds steady below $63,000, ETH approaches a key technical resistance at $1,800, while XRP has broken above the upper boundary of a falling channel, strengthening the bullish outlook.

Ethereum tests key resistance near the 50-Day EMA

Ethereum (ETH) is also extending last week’s recovery after climbing more than 13%, trading near $1,784 on Monday.

The cryptocurrency is approaching a significant technical hurdle at the 50-day EMA around $1,806, which currently serves as the first major resistance level.

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Despite the recent rebound, Ethereum remains below the 100-day EMA near $1,972 and the 200-day EMA around $2,241, leaving the broader trend tilted to the downside.

However, technical momentum continues to strengthen. The RSI is hovering near 57, indicating healthy buying momentum, while the MACD remains firmly positive, suggesting bulls continue to regain control after recent weakness.

If ETH successfully breaks above the 50-day EMA, attention would shift toward resistance near $1,972, followed by the psychologically important $2,000 level and the 200-day EMA around $2,242.

On the downside, the strongest support remains near $1,385, where buyers previously stepped in to defend the market.

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Bitcoin, Ethereum, and XRP have all entered the new week with improving momentum following strong performances last week.

ETH/USD 4H Chart

While each asset faces important technical resistance, bullish indicators continue to strengthen.

A decisive move above $64,000 for Bitcoin, $1,806 for Ethereum, and continued strength above XRP’s channel breakout could reinforce the recovery across the broader cryptocurrency market and set the stage for further gains.

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Sell Signal Flashes: What Strategy’s Massive $216M Sale Means for Bitcoin’s Price

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The world’s largest corporate holder of bitcoin made the headlines earlier today by making its second BTC sale in just a few months.

Aside from the immediate effect on the asset’s price, it also coincided with a popular technical tool turning bearish and suggesting another move lower soon.

The Significance of This Sale

It was just over a month ago when Strategy announced its first sale in four years. It was a rather small one of just 32 BTC – nothing compared to its 840,000+ fortune. However, the first week after the news went live painted a very clear picture: the company’s moves, being the largest corporate holder of the biggest cryptocurrency, could have a major impact on the perception and performance of the underlying asset.

BTC nosedived from $74,000 at the time of the sale’s announcement to under $60,000 in less than a week. Yes, there were other factors at the time, but Strategy’s move was widely considered arguably the most significant. And that was a sale of just 32 BTC.

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Earlier today, the firm’s co-founder and former CEO, Michael Saylor, highlighted another bitcoin distribution. This time, it was substantially bigger as Strategy disposed of 3,588 BTC worth $216 million. It said the sale was to fund dividends on its Digital Credit securities, which was aligned with the previous week’s announcement about the creation of the Digital Credit Capital Framework.

There was an immediate impact on bitcoin’s price as the asset, which had already retraced from $64,000 to $63,000, dipped below $61,500, where it found some support. However, there could be more pain ahead, at least according to one popular metric.

TD Sequential Says Sell

Ali Martinez was quick to flag that the TD Sequential, a metric used to determine the underlying asset’s market exhaustion in either direction, had flashed a sell signal amid Strategy’s announcement.

He believes the combination of these two factors is not something the “bulls want to see,” as they open the door for a more profound correction. Given the June developments and subsequent crash for BTC after the 32-unit sale, it’s safe to assume there’s merit to his prediction.

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The post Sell Signal Flashes: What Strategy’s Massive $216M Sale Means for Bitcoin’s Price appeared first on CryptoPotato.

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58% of US Voters Say Trump’s Iran War Was Not Worth the Cost, Survey Finds

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Trump’s AI Ownership Plan Could Benefit Anthropic at OpenAI’s Expense

58% of the registered US voters say President Donald Trump’s war in Iran was not worth the cost, according to a new Financial Times poll. 

The result lands as the White House seeks Congress’s approval for $67 billion in spending linked to the US war on Iran. According to the White House, most of the funding would go to the US Department of Defense.

Voters Doubt the US-Iran Deal

The poll surveyed 1,795 registered voters between June 26 and 30. It was conducted by Focaldata with a margin of error of plus or minus 2.7 percentage points.

44% said the US now stands weaker against Iran. Only 31% said the conflict left Washington stronger. The doubts extend to younger Americans. An earlier Generation Lab survey of adults aged 18 to 34 found 77% called the strike the wrong decision.

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The results also showed skepticism among voters regarding the US-Iran memorandum of understanding. 66% believe the memorandum would make little or no difference “to peace or stability in the Middle East or would increase instability and make conflict more likely.” Just one in five expect the deal to lead to peace.

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Iran War Weighs on Trump’s Approval 

The war pushed petrol and other consumer prices higher this year. That economic strain continues to drag on the president’s standing four months before November’s midterm elections. 

Just 36% of voters approved of Trump’s performance, a two-point drop from the previous month. Among independents, approval fell eight points to 21%.

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Moreover, the poll pointed to Democratic momentum ahead of November’s midterms. On the question of congressional support, Democrats led 44% to 38%, widening their edge from four points a month earlier to six.

Republicans found some encouragement in turnout intent. Three-quarters of self-identified Republicans rated their likelihood of voting at 8 or higher on a 10-point scale, compared with 69% of Democrats and 56% of independents.

With control of both chambers at stake in November, the poll signals rising political risk for Trump. The coming months may test whether the fragile truce with Iran holds.

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The post 58% of US Voters Say Trump’s Iran War Was Not Worth the Cost, Survey Finds appeared first on BeInCrypto.

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MicroStrategy Sold 7x More Bitcoin Than Reports Suggested

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MicroStrategy Bitcoin Holdings

MicroStrategy appears to have reduced its Bitcoin holdings by 3,588 BTC over the past week, a figure significantly larger than earlier market speculation centered on a rumored 491 BTC transfer.

The change, reflected on the company’s Bitcoin treasury dashboard, has reignited debate over the firm’s evolving treasury strategy and whether its long-standing buy-and-hold approach is shifting.

Strategy Sold 3,588 Bitcoin—7x More Than Rumors Suggested

Strategy has confirmed it sold 3,588 Bitcoin over the past week. Executive Chairman Michael Saylor said the company raised approximately $216 million to fund dividends on its Digital Credit securities, marking Strategy’s largest Bitcoin sale since its 2022 tax-loss transaction.

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The disclosure provides long-awaited clarity after speculation intensified when Strategy’s Bitcoin holdings fell on its public treasury dashboard.

MicroStrategy Bitcoin Holdings
MicroStrategy Bitcoin Holdings. Source: Strategy

“As of July 5, 2026, we hodl ₿843,775 in our BTC Reserves and $2.55 billion in our USD Reserves,” Saylor confirmed.

MicroStrategy’s official treasury data shows two separate reductions during the reporting period:

  • June 30: -1,363 BTC
  • July 6: -2,225 BTC

Combined, the transactions reduced the company’s Bitcoin holdings by 3,588 BTC, leaving Strategy with 843,775 BTC, still the largest corporate Bitcoin treasury in the world.

Rumors Underestimated the Scale

The confirmation follows widespread speculation after on-chain analysts identified a 491 BTC transfer believed to be linked to Strategy.

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At the time, there was no official confirmation, and many viewed the movement as a relatively insignificant transaction. Saylor’s statement now reveals the company ultimately sold more than seven times the amount initially rumored.

The sale also represents a notable shift in Strategy’s treasury management. While the company has built its reputation on aggressively accumulating Bitcoin, it recently introduced a monetization framework allowing selective BTC sales to support corporate financing activities.

Why the Sale Matters

Although 3,588 BTC represents less than 0.5% of Strategy’s total holdings, it is the company’s first major operational Bitcoin sale after disposing of just 32 BTC earlier this year for dividend-related obligations.

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The transaction demonstrates that Strategy is willing to monetize a small portion of its Bitcoin reserves without abandoning its long-term accumulation strategy.

Even after the sale, the company retains 843,775 BTC alongside $2.55 billion in U.S. dollar reserves, reflecting the scale of its balance sheet.

Bitcoin Price Performance, Source: BeInCrypto
Bitcoin Price Performance, Source: BeInCrypto

The Bitcoin price slipped below $62,000 following the news, and was trading for $61,950 as of this writing.

The post MicroStrategy Sold 7x More Bitcoin Than Reports Suggested appeared first on BeInCrypto.

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Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach

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The Tom Lee-chaired Bitmine Immersion Technologies continues with its Ethereum accumulation strategy, even though it has eased off the gas pedal compared to several weeks ago when it made multiple 100,000 ETH purchases.

In its latest announcement, it said it had added 42,197 ETH over the past week and now controls 4.8% of Ethereum’s circulating supply of 120.7 million tokens.

Closing In on 5%

The latest treasury update published minutes ago indicated that the firm held 5,742,237 ETH as of July 5, valued at over $10 billion at prices of around $1,800. However, the token has slipped to $1,740 as of press time, meaning that the company’s unrealized losses are up to $9-$10 billion again.

In addition to its Ethereum fortune, Bitmine also holds 206 BTC, $527 million in cash and marketable securities, and strategic investments in Beast Industries and Eightco Holdings worth a total of $251 million.

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Chairman Tom Lee continues to favor ETH over BTC, especially if the CLARITY Act passes in the United States, which many analysts believe will help the altcoin more. Additionally, he remains a firm believer in the upcoming ‘crypto spring’ as the bear market phase has almost been exhausted.

“Over the past week, we acquired 42,197 ETH, increasing our pace from the prior week. We continue to maintain a steady pace of accumulation throughout 2026. We believe we are in the early stages of crypto spring. Bitmine is expected to reach the ‘alchemy of 5%’ sometime in 2026,” stated Lee.

Bitmine remains the second-largest crypto accumulator, trailing only Strategy. However, the gap between the two has been slightly reduced over the past week as the Saylor-led company sold over 3,500 BTC.

Staking Business

The statement further stated that Bitmine continues to allocate a significant portion of its ETH holdings to staking to generate substantial revenue. It has already staked nearly 4.9 million tokens, or about 85% of its total holdings, through its own institutional platform, MAVAN.

Based on a current staking yield of 2.68%, the company projects annualized staking rewards of approximately $235 million. If it deploys all of its ETH fortune, then the numbers could rise to $277 million.

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WhiteBIT Launches Redesigned VIP Program Allowing Qualification via Balance, Trading, or Lending

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[PRESS RELEASE – Vilnius, Lithuania, July 6th, 2026]

WhiteBIT, the largest European exchange by traffic, has redesigned its VIP Program to make VIP status easier to reach and easier to keep. Instead of meeting two metrics at once, members now qualify by satisfying any single criterion — average balance, spot volume, futures volume, or crypto lending.

The four qualification paths

The redesign was built around how professional users actually manage their capital — not around a single fixed formula. Meeting any one of the following is enough:

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  1. Average Balance — monthly average of assets held, with no trading required;
  2. Spot Volume — spot and margin activity, including Convert, sub-accounts, and trading bots;
  3. Futures Volume — derivatives trading activity;
  4. Crypto Lending — value held in active Crypto Lending fixed plans of 30 days or more.

How it works

  • Automatic. The system assigns the highest level a user qualifies for — no application needed — and applies upgrades within 24 hours.
  • Protected. A downgrade happens only when all four metrics fall below their thresholds and the grace periods pass, so a temporary dip in one area won’t cost a member their level.
  • Transferable. An existing VIP level on another exchange can be moved over through verification; transfers are assessed on trading volume only.

To see the difference in practice: consider a member whose trading slows down for a quarter, but who holds part of their portfolio in a 60-day Crypto Lending plan. Under the old model, that wouldn’t have been enough on its own — balance and volume had to combine. Under the new one, the lending position alone is enough to hold their level.

Why it matters

The redesign rests on one principle: capital that’s already working for a member should count toward their status. The biggest shift is crypto lending — previously, assets in lending plans were excluded from balance calculations, so funds earning yield didn’t count toward VIP standing. Now lending qualifies on its own, so capital can earn a return and build status at the same time.

The result is a program built to fit how members actually operate — active trading, long-term holding, or lending — rather than asking them to fit a single formula. Resting on four independent routes also makes status more stable: progress in any one area is enough to hold a level, even if another slows down. Support has been strengthened to match: from the first level onward, members get a dedicated personal manager, reachable via Telegram, email, WhatsApp, or a scheduled call.

VIP membership unlocks reduced trading fees, higher operational limits, and priority service — and the redesigned program makes reaching and keeping that status more reflective of how members already use the platform.

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About WhiteBIT

WhiteBIT is the largest European cryptocurrency exchange by traffic, offering over 780+ trading pairs, 340+ assets, and supporting 8 fiat currencies. Founded in 2018, the platform is a part of W Group which serves more than 35 million customers globally. WhiteBIT collaborates with Visa, FACEIT, FC Juventus, FC Barcelona and the Ukrainian national football team. The company is dedicated to driving the widespread adoption of blockchain technology worldwide.

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