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Produced by Daniel Aharonoff & Mogul Media AI

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...
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Produced by Daniel Aharonoff & Mogul Media AI

BSX: The Future of High-Performance Decentralized Trading

BSX: A New Era in Decentralized Exchange

The blockchain landscape is continuously evolving, and the emergence of BSX, backed by the esteemed Base Ecosystem Fund, marks a significant milestone in the world of decentralized exchanges (DEXs). As the excitement builds for its launch, scheduled for April 1, 2024, on the Base Layer 2 Mainnet Alpha, it is clear that BSX is poised to redefine the standards of DeFi trading.

The Unique Proposition of BSX

BSX aims to bridge the best features of centralized exchanges (CEXs) with the self-custody advantage inherent in DEXs. This innovative approach promises users an unparalleled trading experience, thus attracting both seasoned traders and newcomers alike.

Key Features of BSX:

  • Hybrid Trading Experience: By merging the liquidity and user-friendly interfaces of CEXs with the pricing benefits and self-custody characteristics of DEXs, BSX offers a comprehensive trading platform.

  • Enhanced Performance: Utilizing the Base network ensures that users benefit from lightning-fast transactions and minimal trading fees, which are crucial for high-frequency trading.

  • User-Centric Design: The streamlined interface allows retail traders to easily connect their existing wallets, enabling one-click trading and secure on-chain execution.

  • Diverse Product Range: BSX will provide access to various crypto products, including perpetuals, spot trading, and more, all from a single platform.

Momentum Building Ahead of Launch

With a robust testing phase already underway, BSX has shown promising results. The Private Testnet, which commenced in November 2023, attracted early adopters from a waitlist of 80,000 members. Following this, the Public Testnet initiated in January 2024 saw 5,000 traders engage in a trading volume that surpassed $5 billion.

Backed by Industry Leaders

The credibility of BSX is reinforced by its backing from notable investors such as Bankless Ventures, CMS Holdings, and Kyros Ventures, among others. Additionally, the advisory role of Arthur Hayes, founder and CIO of Maelstrom and co-founder of BitMEX, adds a wealth of experience to the project.

Looking to the Future

As BSX gears up to launch its crypto perpetuals trading in April, it is well-positioned to compete with established players like Binance and OKX. With a commitment to fostering a rewarding trading experience, BSX is also set to unveil an exciting rewards program for new traders.

In essence, BSX is not merely another addition to the crypto sphere; it represents a transformative approach to decentralized trading. As the launch date approaches, traders across the globe are encouraged to explore this innovative platform and take part in the next phase of the DeFi revolution.

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