BitMine becomes world’s largest ETH treasury with $4.96B holdings, aims for 5% of supply
Daily top performer — Solana (SOL)
The S&P 500 rose 1.13% to a record high Tuesday after softer CPI data reinforced expectations of a September Fed rate cut, now seen as a 94% probability. Gold rose to about $3,350 on Fed rate cut hopes, but gains were limited by easing US–China trade tensions after Trump’s 90-day tariff delay. The Coindesk Indices, which tracks the broader crypto market, rose 3.77%, with Bitcoin and Ether up 0.51% and 8.74%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is SOL, up 11.9% after Solana highlighted recent US policy wins and outlined an upcoming regulatory push to advance blockchain innovation.
Solana (SOL), founded in 2017, is a decentralized Layer 1 blockchain that uses a Proof-of-History consensus mechanism to achieve high throughput and low transaction costs. Its native token, SOL, is used for paying transaction fees and interacting with the network’s wide range of decentralized applications. Solana highlighted major US policy wins for digital assets, including expanded accredited investor definitions, 401(k) access to crypto, and protections against unlawful debanking. Upcoming priorities include market structure rules, the Blockchain Regulatory Certainty Act, and CFTC confirmations, signaling a unified federal push for blockchain innovation.
Check out the latest prices, charts, and data of SOLUSDT perp and SOL/USDT spot contracts!
Talk of the town
BitMine Immersion now holds 1.15M ETH worth $4.96B, making it the largest ETH treasury globally and the 3rd largest overall crypto treasury. Backed by major investors like ARK’s Cathie Wood and Founders Fund, the company aims to acquire 5% of ETH’s supply. Over the past week, holdings rose by $2B, and BMNR ranks as the 25th most liquid US stock, trading $2.2B daily.
Bitcoin spot ETF flows
Category | Flow (millions) |
GBTC | (21.6) |
Non-GBTC | (23.9 |
Total | (45.5) |
Yesterday, BTC spot ETFs saw $45.5M in net outflows, with $21.6M from GBTC and $23.9M from non-GBTC funds.
Check out the latest prices, charts, and data of BTCUSDT perp and BTC/USDT spot contracts!
Airdrop to watch
Ethereal’s Season Zero ended with $1B+ in deposits and 30k+ participants. Season One starts Aug 14, running through four epochs: pre-mainnet launch on Arbitrum (with bonus rewards for S0 depositors), mainnet launch with alpha trading rewards, public beta, and later exotic pairs and lending products. Early participants keep an edge, but newcomers can still join.