Big Money Moves: Crypto Giants Go on a Spending Spree

Big companies are making huge bets on Ether, the second-largest cryptocurrency. BitMine Immersion Technology is trying to raise a massive $24. 5 billion to buy more Ether. At the same time, SharpLink just got $389 million to add to their crypto holdings. These companies are already among the top holders of Ether, with BitMine owning a whopping 1. 2 billion ETH. Meanwhile, the US government's debt has hit a record $37 trillion. This huge debt could lead to more money printing, which might push Bitcoin's price up to $132, 000 by the end of 2025. Some experts think that more money in the system could make Bitcoin more attractive as a store of value. Bitcoin just hit a new high of $124, 500, making it briefly worth more than Google. Some investors are hoping it will keep rising and even surpass Apple's market value. But not everyone is so optimistic. Bitcoin pioneer Samson Mow thinks the next move could be a big surge or a dip, depending on how other cryptocurrencies perform. The US Securities and Exchange Commission (SEC) is also making moves. After a long legal battle with Ripple, the SEC is now focusing on creating clear rules for cryptocurrencies. This could be a big step forward for the industry. In other news, the decentralized finance (DeFi) market is still growing. Tokens like OKB and Aerodrome Finance have seen big gains recently, showing that there's still a lot of interest in this space.