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BitMine’s ether stash exceeds $1 billion in corporate Ethereum treasury sprint
BitMine’s ether stash exceeds $1 billion in corporate Ethereum treasury sprint

Quick Take BitMine now owns 300,657 ETH worth about $1 billion, up from $500 million three days earlier. The publicly traded company is in a race with firms like Joseph Lubin-linked SharpLink Gaming for the title of largest corporate ether holder.

The Block·2025/07/16 16:00
OG bitcoin whale moves another 40,000 BTC worth $4.75 billion to new address amid speculation of forthcoming sales
OG bitcoin whale moves another 40,000 BTC worth $4.75 billion to new address amid speculation of forthcoming sales

Quick Take An OG bitcoin wallet has moved another 40,192 BTC ($4.75 billion) to a new address and “may continue to sell,” according to Lookonchain. The funds are linked to the bitcoin whale who recently moved a total of over 80,000 BTC after a 14-year period of dormancy. The same whale transferred 40,010 BTC to Galaxy Digital earlier this week, according to Arkham.

The Block·2025/07/16 16:00
France Mulling 5-Year Bitcoin Mining Plan With Surplus Electricity
France Mulling 5-Year Bitcoin Mining Plan With Surplus Electricity

The French government has developed a 5-year Bitcoin mining plan to use its surplus electricity with the potential to generate up to $150 million from the industry.

Coinspeaker·2025/07/16 16:00
Flash
21:35
Elon Musk has reached nearly one third of his second $1 trillion goal
And after just two trading days, he has already achieved nearly one-third of his next trillion-dollar goal. According to the Bloomberg Billionaires Index, Musk's wealth climbed to 1.32 trillion dollars on Tuesday. This marks an increase of nearly 90% compared to his net worth of 696 billion dollars last Wednesday, which was the day before SpaceX priced its IPO at 135 dollars per share. Expand
21:18
According to documents submitted to the U.S. Securities and Exchange Commission (SEC), Matador Resources has confirmed that its borrowing base remains unchanged at $3.25 billion.
Meanwhile, the company successfully increased its total credit commitments to $2.75 billion. This move consolidates the company's financial flexibility, providing solid funding support for ongoing business operations and strategic investments. Maintaining the existing borrowing base indicates continued recognition by lenders of the company's asset value and creditworthiness, while the increased commitment amount further expands its available credit capacity. In the current complex and volatile energy market environment, strengthening liquidity reserves is crucial for independent oil and gas producers like Matador Resources. Adequate credit support will help the company seize potential growth opportunities and effectively respond to market fluctuations.
21:17
U.S. Intelligence: Iran Still Capable of Closing the Strait of Hormuz Again
On June 17, U.S. intelligence assessments indicated that Iran, after demonstrating relevant capabilities during conflicts, still has the potential to close the Strait of Hormuz again. Although a deal to reopen the Strait is anticipated, Tehran retains capabilities in missiles, drones, speedboats, and mine-laying, which could disrupt global energy transportation. Intelligence officials stated that Iran has gained leverage over this critical trade route and may use regional energy infrastructure as a tool for pressure.
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