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Crypto & Web3CoinDesk ·

Bitmine Expands Ether Treasury by $74M as Clarity Act Optimism Grows

Bitmine has added $74 million worth of ether to its holdings, reinforcing its position as the second-largest digital asset treasury. The purchase signals an accelerated buying pace for the company. Investor Tom Lee has expressed optimism that the Clarity Act could provide a regulatory boost to the crypto sector. Meanwhile, Strategy moved in the opposite direction, selling a portion of its bitcoin holdings.

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Crypto & Web3CoinDesk ·

Sberbank to launch crypto wallet after Russia's digital currency law takes effect

Russia's largest bank, Sberbank, is planning to introduce cryptocurrency wallet services for its customers. The wallets will be integrated into its existing platforms, Sberbank Online and SberInvestments. The move is contingent on the enactment of Russia's 'On Digital Currency and Digital Rights' bill, which is expected to take effect in September. The development signals a broader regulatory clearing of the path for crypto services in the Russian market.

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Crypto & Web3CoinDesk ·

SpaceX Joins Nasdaq 100 Amid Warnings of Post-Inclusion Volatility

SpaceX is set to join the Nasdaq 100 in what marks the largest IPO-related index inclusion in history. The milestone is being met with cautious sentiment from market observers who point to patterns seen with recent additions. Companies like Palantir and Strategy both experienced notable price volatility after being added to the index, rather than sustained upward momentum. Analysts warn that index inclusion does not necessarily signal the beginning of a new rally for a stock. The historical precedent suggests investors should temper expectations following SpaceX's entry into the benchmark index.