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Bitmine said it held 5.77 million ETH as of July 12, alongside $482 million in cash and marketable securities, with total crypto, cash, and other holdings valued at $11.3 billion.

According to BitMine Chairman Tom Lee, Ethereum is benefiting from the early success of the Robinhood Chain layer-2 network.

Bitmine bought another 27,801 ETH, increasing its holdings to 5.77 million Ethereum.Tom Lee called Robinhood Chain a new catalyst driving real-world demand for ETH.Despite continued accumulation and staking growth, BMNR shares fell nearly 2%.

U.S. spot Bitcoin ETFs closed their first positive week since May, but a big week ahead will likely determine crypto's near-term fate.

Bitcoin faces inflation data, Iran tensions, retail reports and major bank earnings in coming days.Oil prices and rate expectations could decide whether Bitcoin holds $60,000 or retests resistance again.ETF inflows offer support, but traders still need a confirmed breakout above $65,000 soon.

Turkish prosecutors have charged 504 suspects in an alleged 40 billion lira money laundering network.Investigators said illegal betting proceeds were moved through shell companies, payment providers and cryptocurrency transactions.Prosecutors are seeking prison terms of up to 34.5 years for the alleged leaders of the network.

Tom Lee says a rising ETH/BTC ratio could mark renewed demand across the crypto market.Ether is testing resistance near 0.0286 BTC after recovering from its early June local low.Falling Bitcoin dominance and improving altcoin measures point to rotation, but confirmation remains limited.

Bitcoin stayed above key support while war fears drove sharp losses across major traditional markets.Spot Bitcoin ETFs attracted $197 million, ending eight straight weeks of net investor withdrawals overall.Analysts see $65,000 as resistance, while weaker exchange flows may limit near-term breakout attempts again.

Progmat migrated every managed security-token project to Avalanche while preserving existing functions and institutional controls.Rights transfers run three to five times faster, according to Progmat’s internal tests and estimates.Crypto.news coverage shows Avalanche’s tokenized asset market expanding across funds, stocks, treasuries, and credit products.

Ethereum ranks second-lowest in market-value-adjusted energy intensity among the major proof-of-stake networks Cambridge studied globally.Cambridge measured 8,522 nodes and calculated electricity demand of roughly 105 watts per node.The Merge cut Ethereum’s power demand by over 99.9%, leaving grid sources to drive emissions.

U.S. spot bitcoin ETFs drew about $197.4 million in the week ending Friday, their first positive week since early May and the end of a record eight-week outflow streak.Spot ether ETFs took in roughly $84.4 million, snapping their own eight-week losing run, which had tied the category’s record.The preceding eight weeks drained a combined $9.46 billion from the two groups, meaning this week’s rebound recovered only about 3% of those outflows.Friday’s buying was concentrated in BlackRock’s IBIT and ETHA, while most of the other funds reported no flows.

Robinhood Chain processed 7.6 million daily transactions just 11 days after its mainnet launch.Free gas subsidies and tokenized stocks have helped narrow the activity gap with Coinbase’s Base.Investors are watching whether network usage remains strong after fee subsidies end in September.

Tom Lee says traditional finance and crypto will eventually merge into one market, with Ethereum at the center.His comments come as Bitmine’s Ethereum treasury has grown to 5.74 million ETH, equal to 4.8% of the total supply.Lee also links Ethereum’s outlook to the CLARITY Act and expanding layer-2 payment activity involving Visa and Shopify.

Morgan Stanley added nearly 1,000 BTC over the past two weeks, pushing its tracked holdings to 5,761 BTC.Arkham data shows the accumulation came through multiple large transfers from Coinbase Prime rather than a single purchase.The latest buying follows Morgan Stanley’s June crypto expansion with Galaxy Digital, allowing eligible clients to convert crypto into spot investment products.

Vitalik Buterin urged Elon Musk to turn X into a platform for global AI governance coordination.Buterin proposed predefined AI slowdown triggers while backing open participation over centralized control.The proposal comes as SpaceXAI prepares Grok 4.5 and OpenAI readies GPT-5.6 for release.

Almost a year after the House passed its version of that bill, called the Clarity Act, it’s the Senate’s turn to pass legislation.However, the timeline is tight, with just a few weeks to pass the bill before the August recess and attention turns to elections.“When senators return next week, the focus should be on resolving the remaining technical questions and moving the Clarity Act to the Senate floor for a vote,” said Blockchain Association Chief Policy Officer Lindsay Fraser.