Digital Assets
BitMine Immersion boosts ether holdings with $800 million purchase
BitMine Immersion Technologies, led by Thomas Lee, acquired over 200,000 ether tokens worth about $800 million last week amid a cryptocurrency market correction. The purchase brings the company's total assets to $13.4 billion, with ether comprising the majority. This move continues BitMine's strategy to accumulate up to 5% of the total ether supply.
Goldman Sachs and DBS complete first OTC interbank crypto options trade
DBS and Goldman Sachs have executed the first-ever over-the-counter cryptocurrency options trade between two banks. The transaction involved cash-settled Bitcoin and Ether options. This milestone highlights the growing integration of digital assets with traditional finance practices.