In this episode of Coin Street headlines, we dive into the latest developments in the cryptocurrency market. Bitmine has made headlines as the world’s largest corporate ether holder, aggressively buying the dip and pushing its total ethereum holdings past 3 million, which accounts for about 2.5% of the total supply. We discuss the implications of the ongoing U.S. federal government shutdown, which has now entered its third week, leaving 16 exchange-traded funds (ETFs) in limbo as the SEC’s decisions are delayed. Strategy has also made a bold move by increasing its bitcoin holdings to over $73 billion, purchasing 220 Bitcoin at an average price of $123,500 each, marking the highest price paid per bitcoin by the firm. Lastly, we analyze how recent market events, including Friday’s flash crash, may impact short-term risk appetite and the potential for a Bitcoin rally, alongside the effects of U.S.-China trade talks and regulatory concerns. Jane King with the latest from the NYSE.
