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Who Owns 5% of Ethereum? Bitmine's $16.4B Treasury Bet

One Company, 6 Million ETH: Crypto's Boldest Treasury Bet Co-produced by Daniel Aharonoff and DigitalDan Some weeks in crypto, the biggest story isn't a hack, a halving, or a headline-grabbing ETF launch. Sometimes it's a spreadsheet. This morning, Bitmine Immersion Technologies published its weekly holdings update, and the numbers are staggering enough to rearrange how you think about who actually owns Ethereum. As the chief editor of ethdan.me, I've spent years tracking whale wallets, ETF inflows, and protocol upgrades. But I've never seen a single public company sit on this much ETH. Six million coins. Nearly five percent of the entire supply. A projected $363 million a year in staking revenue alone. Let that sink in. What's the Big Deal? On Monday, October 5, Bitmine Immersion Technologies (NASDAQ: BMNR) announced that its Ethereum treasury has crossed 6 million ETH — 6,016,414 tokens to be exact, valued at $2,726 apiece for a total of roughly $16.4 bi...

Unveiling the Global Risks of Artificial Intelligence: WEF Report Highlights Implications

Artificial Intelligence (AI) is a key focus of the 19th annual Global Risks Report published by the World Economic Forum. The report highlights the diverse implications of AI across various sectors, raising concerns about its potential risks and impacts on society. Here are some key takeaways from the report:

Healthcare Implications

  • The ethical use of data in healthcare is a major concern, with potential biases favoring wealthier populations in medical research and development.
  • AI tools could lead to the creation of more targeted and severe biological weapons, deepening economic disparities between high and low-income nations.

Technological Disruption

  • Quantum computing, a frontier in AI, poses significant security risks and could disrupt the current tech regime.
  • The report warns of AI deepening economic disparities and highlights concerns about the billionaire leaders of the longevity movement.

Geopolitical Challenges

  • AI's integration into military applications raises ethical and human rights concerns, especially regarding autonomous weapons systems.
  • Quantum computing could potentially break current tech barriers, presenting new security challenges.

The Global Risks Report emphasizes the need for careful consideration of the implications of AI and technology in order to navigate the challenges they pose in the coming years. As societal polarization grows and technological risks remain unchecked, the report warns of the increasing pressure on truth and the need for ethical guidelines to mitigate potential negative outcomes.

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