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Tom Lee Under Fire As Short-Seller Slams BitMine’s “Relic” ETH Strategy

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Tom Lee and BitMine Immersion Technologies are under fire from short-seller Kerrisdale Capital, which says the company’s ETH treasury strategy is a “relic on the verge of extinction.” The firm criticized BitMine for issuing billions in new shares to fund Ethereum purchases, arguing the approach erodes investor value and no longer justifies a premium stock price. BitMine’s market value is converging with the underlying value of its ETH holdings, chipping away at the company’s appeal to investors, it added. “If you want ETH, just buy it directly, stake it, or invest through one of the new ETFs,” it said. “BitMine’s middleman pitch has run its course.” BitMine’s Stock Sales To Fund ETH Purchases No Longer Justified The criticism comes after BitMine transitioned from a company mainly focused on Bitcoin mining to an Ethereum treasury firm earlier this year. Since performing that pivot, BitMine has become the largest corp...

US Dollar Just Received A Warning From Deutsche Bank

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The US dollar has lately been at the center of global attention. The dollar-down phenomenon has lately been shaping multiple discussions, as the US dollar continues to weaken, pressured by the Fed rate cut anticipations and Trump’s tariff sprees. The consistent US dollar fall has prompted Bitcoin and gold to hit new highs, compelling banks around the world to issue ominous USD devaluation warnings across the sector. Also Read: Gold Price Conquers $4000, But Its Aiming For Another ATH. What Is It? US Dollar Downfall: What Is Happening? Source: Freepik.com The US dollar has lost 10% of its purchasing power this year, exploring low price valuations as of late. The American currency is being heavily battered by a mix of economic elements, including the US debt spiral and Fed rate cut anticipations, driving the US dollar down a notch. This phenomenon is also influencing the global investor interest, which has now started to move away from the US dollar or USD-backed assets. “The US dol...

Dollar Share Drops, Jobs Data Sinks: Double Trouble For America?

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The US markets and economy are currently under an intense overhaul. The US markets have been witnessing a steady decline as the US dollar continues to weaken. Experts are stating that the US dollar is headed for a further decline in the near future, driving the investor sentiment towards Bitcoin and gold. At the same time, the US Fed jobs data is also reporting stagnating numbers, spelling trouble for the US economy to deal with. Also Read: Investors Ditching US Dollar For Bitcoin, Gold: Citadel CEO The US Dollar’s Global Share Is Rapidly Declining Source: Pixabay According to the latest update by the Kobeissi Letter, the US dollar’s stature as the reserve currency asset is now standing at a precarious threshold. The platform reported that the US dollar’s reserve currency dominance is now falling, with its forex presence depleting at a consistent pace. The USD’s share in global banks has fallen by 1.5% in Q2, to 56.3%, the lowest it has been since 1994. “The US dollar’s reserve cu...

Ethereum 23% Rally Pushes BitMine’s ETH Treasury Holdings To $13.4 Billion

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Has Garantex-linked Grinex dodged sanctions to move $6 billion?

A Kyrgyzstan-based crypto exchange with alleged ties to Russian trading platform Garantex appears to have found a way around US sanctions and moved billions in funds since it was blacklisted in August earlier this year. According to research by The Financial Times (FT), almost 34 billion A7A5 stablecoins worth over $400 million were destroyed and “recreated” to obscure their links to Grinex, the alleged Garantex successor which was added to the United States’ sanctions list in August. For its part, Grinex denies all links to Garantex. A7A5 is a key component of the A7 payments system, created by Moscow as an alternative to the US-led system that had sanctioned Russian users following the invasion of Ukraine. As detailed by FT analysts, the balances in two Grinex-linked wallets were “set to zero” via the “destroyBlackFunds” prompt that classifies the tokens as “dirtyShares.” However, shortly after these tokens were deleted, new tokens ...

Mevolaxy's investors get record profits from new mevjrv12 algorithm

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The Mevolaxy team continues to develop its own technology and introduce innovations into the mechanics of its MEV bot network. They recently unveiled a new algorithm called mevjrv12. Its key feature is a faster mempool scanning mechanism and more precise transaction processing within the network. Whereas the bot previously reacted to signals with a fraction of a second delay, mevjrv12 cuts this interval by almost half. With the release of the new algorithm, the Mevolaxy system has undergone a series of technical improvements. The bots now find profitable transactions faster and with less competition from other MEV bots. Additionally, an adaptive analysis module was introduced: mevjrv12 uses machine learning models to predict the network's busiest periods and automatically adjusts the frequency of its operations. These updates have already impacted user earnings. For instance, the average yield for some pools has increased by 0.09–1% compared to the previous month. It i...

Cronos, Morpho and Crypto.com partner to expand DeFi lending and tokenization 

Cronos, Morpho, and Crypto.com have announced a collaboration aimed at bringing advanced lending and borrowing markets to the Cronos blockchain, with plans to expand into real-world asset (RWA) tokenization.  The announcement marks the next phase of their relationship, following earlier integrations of Morpho Vaults into Crypto.com’s product offerings, and represents a significant step in broadening Morpho’s lending infrastructure beyond Ethereum (ETH). Lending markets coming to Cronos As part of the collaboration, Cronos and Morpho will introduce stablecoin lending markets backed by wrapped assets such as CDCBTC and CDCETH. The first vaults on Cronos are expected to launch in Q4 2025, enabling users to supply assets to earn interest or borrow against their holdings, with rates adjusting dynamically to supply and demand. “Collaborating with Morpho is an exciting milestone for our community,” said Mirko Zhao, Head of Cronos Labs. “By working together to enable...

Bitcoin Bulls Eye $117,000, But CME Gap Closure Could Delay The Breakout

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Can Cardano Slip Below $0.30? ETF Speculation and Analyst Warnings Cloud ADA Outlook

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Analyst’s Prediction Plays Out As Bitcoin Price Rebounds, Here’s The Full Forecast

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