📢 Today’s Top Crypto Headlines:
🏦 BitMine Expands ETH Holdings
• Despite the downturn, BitMine bought 190,500 $ETH last week.
• Now holds 1.71M ETH (~$7.9B)
• Maintains $562M cash reserve → capacity for further buys
• Total assets down from $8.8B peak due to market dip.
🔥 Institutional Surge into Solana
• Sharps Technology closed $400M PIPE deal → building largest $SOL treasury
• Backed by ParaFi, Pantera, FalconX, CoinFund & Arrington Capital
• Solana Foundation adds $50M token sale at 15% discount
• Alice Zhang (Jambo co-founder) joins as CIO
• Galaxy Digital, Jump Crypto & Multicoin target $1B Solana vault with Cantor Fitzgerald underwriting
• Would surpass Upexi’s 2M SOL ($400M) treasury.
💳 Gemini & Ripple Launch XRP Ventures
• New $XRP credit card via WebBank
• 4% cashback fuel/EV/ride share
• 3% dining, 2% groceries, 1% all else
• Up to 10% at select retailers
• Gemini adopts Ripple’s $RLUSD as default quote currency for U.S. spot pairs.
🗣️ Vitalik Buterin Critiques Prediction Markets
• Says platforms like Polymarket lack yield-bearing features
• Notes 4% APY on stablecoins more attractive for hedging
• July volume dipped to $1.06B (from $1.16B in June), but traders grew from 242K → 286K.
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