LATEST: Bitmine Immersion Technologies Buys 104,336 ETH Worth $417M Amid Massive Market Dip

BitMine Immersion Technologies has expanded its Ethereum holdings with a massive addition of 104,336 ETH, valued at $417 million, strengthening its position as the largest corporate holder of the cryptocurrency. Blockchain tracker Lookonchain revealed that the funds were distributed across three new wallets in seven transactions linked to Kraken and BitGo, though BitMine has yet to confirm the move.

The firm, led by Fundstrat co-founder Tom Lee, now holds about 3.03 million ETH worth $12.2 billion. BitMine aims to control 5% of Ethereum’s total supply, highlighting its belief in Ethereum’s expanding role in global finance. Lee has emphasized that Ethereum’s neutrality makes it the preferred blockchain for institutional adoption, including potential use by Wall Street and U.S. policymakers.

The significant purchase comes as ETH trades 18.5% below its all-time high, following a major market liquidation. Analysts say the strong accumulation signals continued confidence in crypto’s long-term growth despite short-term volatility.

Report

Someone Just Bought A Cup Of Coffee With Bitcoin Via Square

A customer just bought a coffee using bitcoin at Compass Coffee. This reportedly marked the first-ever Square terminal in the world to accept bitcoin.

The pilot launch, showcased during DC Fintech Week, was made possible through Square’s new Bitcoin payment integration. According to a Compass Coffee X post, the system worked seamlessly across multiple Bitcoin wallets, demonstrating the power of open payment standards and the Lightning Network.

Compass Coffee, a beloved D.C. chain with 27 locations, hosted the demonstration and invited lawmakers and fintech leaders to see the technology in action. “Cannot wait to see this come to Square devices worldwide soon,” the team…

Read more on BitcoinMagazine

Gold Is The ‘New Bitcoin’ According To This Market Expert

Gold’s massive rise in 2025 is capturing investor attention, with market veteran Ed Yardeni declaring it the “new bitcoin.” 

Yardeni argued that gold has outperformed bitcoin as a safe-haven asset amidst growing geopolitical uncertainty.

“Bitcoin has been described as ‘digital gold,’ but we would describe gold as ‘physical bitcoin,’” Yardeni wrote, highlighting gold’s historical reliability compared with bitcoin’s shorter track record and risk-on behavior, Yardeni wrote in a Wednesday note from Yardeni Research reported by CNBC. 

The numbers back up his claim. Gold has surged roughly 60% year-to-date, while bitcoin’s gains have been closer to 20%. In…

Read more on BitcoinMagazine

LATEST: Ark Invest Launches Bold Bitcoin ETF Proposals Amid Growing Institutional Interest

Cathie Wood’s Ark Invest is strengthening its commitment to Bitcoin with new ETF filings designed to appeal to a broader range of investors. On October 14, the firm submitted proposals to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin Yield ETF and two ARK DIET Bitcoin ETFs, offering yield generation and downside protection strategies.

The Bitcoin Yield ETF aims to provide regular income by using options-based strategies like covered calls while maintaining BTC exposure. Meanwhile, the ARK DIET 1 ETF offers 50% downside protection with gains triggered after a 5% quarterly rise, and DIET 2 provides 10% protection with gains even if Bitcoin stays flat. These innovative approaches target both income-seeking and risk-averse investors.

The filings arrive as the SEC accelerates crypto ETF approvals and institutional demand grows. With market volatility top of mind after a $1 trillion crypto market wipeout, Ark’s specialized ETFs could boost confidence and attract more capital into Bitcoin.

Coinbase invests in CoinDCX, valuing crypto exchange at $2.45B

Coinbase has agreed to invest in Indian crypto exchange CoinDCX, valuing the company at $2.45 billion post-money.

Coinbase said in a statement that the deal underscores its commitment to “responsible innovation” in emerging crypto economies. 

“This investment adds to our growing presence in the region, where we also maintain local operations and other important local partners. Taken together, these steps reflect a clear commitment: we believe India and its neighbors will help shape the future of the global onchain economy,” the firm said. 

CoinDCX last raised $135 million in an April 2022 funding round led by Pantera Capital and Steadview, with participation from…

Read more on Blockworks

Bitcoin Falls To $110,000 As Corporate Adoption Hits Highs

Bitcoin is holding steady in the $110,000s today, a little over a week after surging to a new all-time high above $126,000.

Bitcoin price slipped from 24-hour highs near $113,600 to the low $110,000s today. This price action follows a rough weekend that saw over $19 billion in leveraged positions liquidated, forcing more than 1.6 million traders out of their positions as cascading margin calls swept across exchanges.

The bitcoin price fell to the low $100,000s on Friday, October 10, as U.S. and China trade tensions rattled global markets. President Donald Trump announced new 100% tariffs on Chinese goods after Beijing unveiled sweeping export controls set to begin Nov….

Read more on BitcoinMagazine

Bitcoin Mining Stocks Are Ripping: BTDR, CIFR, IREN and CLSK Among Winners

Bitcoin Magazine

Bitcoin Mining Stocks Are Ripping: BTDR, CIFR, IREN and CLSK Among Winners

Bitcoin mining stocks have been on the rise in recent months, and today’s gains continue that momentum.

This sector-wide rally has pushed the combined market capitalization of major miners to over $90 billion — more than double levels from just two months ago.

Leading the charge today is Bitdeer Technologies (BTDR), whose shares jumped as much as 30% early Wednesday to $27.31, hitting their highest level in over a year. The Singapore-based miner reported a 32.9% increase in realized hashrate in September, fueled by the deployment of its proprietary mining rigs, making it the world’s…

Read more on BitcoinMagazine

Scrypt Miners | Why You Can Earn More in Bitcoin on NiceHash

If you operate a Scrypt ASIC miner, like an Antminer L7 or L9, your primary goal is maximizing profitability.

While traditional Litecoin and Dogecoin merged mining pools are a common choice, data shows that miners can often earn significantly more by connecting their hardware to NiceHash.

Recent statistics highlight a clear advantage: NiceHash payrate is approximately 0.0095 BTC/TH/Day* for Scrypt hashrate, while, standard LTC + DOGE merged mining yields around 0.0091 BTC/TH/Day*. That’s a difference of roughly 4.5% higher earnings on NiceHash.

The best part? You get paid directly in bitcoin, eliminating exchange hassles and extra fees. Let’s break down why this…

Read more on bitcoinnews

The 3 Bitcoin Treasury Company Models According To Michael Saylor

As Bitcoin becomes a strategic asset class in public markets, a new class of corporate entity is emerging: the Bitcoin treasury company. These are firms that accumulate Bitcoin on their balance sheet as a core part of their capital strategy, leveraging it to unlock asymmetric upside, financial durability, and institutional credibility.

But not all Bitcoin treasury companies are the same. In fact, Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), recently outlined a clear taxonomy for understanding the landscape: a three-tiered hierarchy that separates dabblers from dominators.

Each tier comes with distinct incentives, risks, and expected outcomes. For…

Read more on BitcoinMagazine

Attack on Binance? Crypto meltdowns are starting to rhyme

This is a segment from the Empire newsletter. To read full editions, subscribe.

Today’s subject is an unsolved mystery of crypto market microstructure. We only have so many facts, and we’ll likely never know all the details.

To get up to speed with the fundamentals of what happened over the weekend, I recommend the Empire livestream from Sunday with Doug Colkitt, as well as Doug’s helpful X thread on Auto-Deleveraging.

For those wanting the quick and dirty headline summary, here goes. 

For some silly reason, Binance was using spot prices to value three tokens accepted as collateral for margin positions — liquid staking derivatives wBETH and BNSOL, alongside…

Read more on Blockworks