Big Money Moves: Crypto Giants Go on a Spending Spree
BitMine Immersion Technology is aiming to raise $24.5 billion to expand its Ether holdings. Meanwhile, SharpLink has secured $389 million for the same purpose. These companies are already among the top Ether holders, with BitMine owning 1.2 billion ETH.
US Debt Hits Record High
The US government's debt has reached a staggering $37 trillion. This massive debt could lead to more money printing, potentially pushing Bitcoin's price to $132,000 by the end of 2025. Experts suggest that increased money supply could make Bitcoin more attractive as a store of value.
Bitcoin Hits New High
Bitcoin recently hit a new high of $124,500, briefly surpassing Google's market value. Some investors hope it will continue rising and even surpass Apple's market value. However, Bitcoin pioneer Samson Mow warns that the next move could be a big surge or a dip, depending on the performance of other cryptocurrencies.
SEC Focuses on Crypto Regulations
After a long legal battle with Ripple, the US Securities and Exchange Commission (SEC) is now focusing on creating clear rules for cryptocurrencies. This could be a significant step forward for the industry.
DeFi Market Continues to Grow
The decentralized finance (DeFi) market is still expanding. Tokens like OKB and Aerodrome Finance have seen substantial gains recently, indicating strong interest in the space.