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Crypto mining giant Bitmine now controls 4.8% of Ethereum's circulating supply, holding 5.79 million ETH valued at $11.8 billion, as it aggressively expands staking operations and share buybacks. This significant accumulation raises questions about market concentration and future ETH dynamics.
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For the first time this cycle, Glassnode data reveals that more Bitcoin is now held at a loss than at a profit, a historical indicator of market capitulation and a potential turning point for BTC holders.
Senators Tim Scott and Bill Hagerty, known for their crypto legislative efforts, have introduced a new bill aimed at empowering the U.S. Commerce Department to safeguard domestic AI technology and its supply chains from foreign adversaries.