Steven Walgenbach

Tom Lee’s BitMine has bought another $200 million worth of Ethereum as the US Securities and Exchange Commission (SEC) delays a decision on staking for BlackRock’s spot ETH ETF (exchange-traded fund). According to on-chain data shared by Lookonchain on X, BitMine Immersion Technologies bought 46,255 ETH valued at $200.43 million across three transactions via Bitgo. […]

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has upped its initial public offering to $433 million ahead of its public debut on Nasdaq on Friday and aims for a valuation of $3 billion. In an updated prospectus filed with the US Securities and Exchange Commission (SEC) on Sept. 9, the company said […]

Ethena Labs has become the sixth bidder looking to handle the $5 billion launch of Hyperliquid’s USDH stablecoin after submitting a proposal that involves asset management giant BlackRock. In a blog post, Ethena Labs proposed launching a version of USDH that is backed entirely by USDTb, the project’s stablecoin that is 100% backed by BlackRock’s […]

Stablecoins must offer yields if they are to remain competitive, said Will Beeson, the former head of tokenized asset infrastructure at Standard Chartered. “In a competitive market with others issuing their own stablecoins, you end up in a situation where you’re looking for ways to incentivize users to use your stablecoin,” Beeson told Decrypt. “The […]

UK auction giant Christie’s is closing its NFT (non-fungible token) department and making it part of a broader category amid a global decline in the digital art market. That’s according to a Now Media report that cited a person familiar with the matter. “Christie’s has made a strategic decision to reformat digital art sales,” the […]