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first_img BitMine has staked 5.07 million ETH, accounting for 4.9% of the total Ethereum supply

Bitcoin mining company BitMine Immersion Technologies stated in its latest staking disclosure that as of August 30, it has staked 5,067,309 ETH, valued at approximately $12.7 billion based on a price of $2,511. The company's disclosed staking balance remained unchanged from August 9 to 30, while it added 53,501 ETH in the latest week, bringing its total holdings to 5,901,112 ETH.BitMine indicated that its Ethereum vault accounts for about 4.9% of the total Ethereum supply of 120.7 million coins, and the company had previously set a target to acquire 5% of the total Ethereum supply. The company has set the annualized yield for its staking operations over the past seven days at 2.63%, stating that the annualized staking income corresponding to the current holdings is approximately $335 million; if the entire ETH balance is staked through its self-built network and staking partners at the same yield, the annualized staking rewards could reach $390 million.BitMine officially launched its self-built "Made in America Validator Network" (MAVAN) in April this year. In its April disclosure, the company mentioned that some staked ETH had already been deployed on MAVAN, but did not specify the exact amount. BitMine's staking holdings were 4,879,157 ETH at the beginning of July, surpassed 5 million on August 9, and have remained stable in the subsequent four weekly disclosures. The company's chairman, Tom Lee, has stated that BitMine's staked ETH amount exceeds that of any other entity.

first_img Kalshi permanently banned former Congressman Santos for his involvement in trading based on the State of the Union address

According to The Block, the prediction market platform Kalshi has permanently banned former U.S. Congressman George Santos, marking the first time the platform has imposed a permanent ban on an individual. According to a disciplinary action and settlement notice submitted on Monday, Santos violated platform rules by trading on a prediction contract regarding whether he would attend the State of the Union (SOTU) address and was fined over $71,000.Previously, the Commodity Futures Trading Commission (CFTC) accused Santos of using his public statements made two weeks before the SOTU to influence the prices of related event contracts and reached a $35,000 settlement with him. Santos's lawyer stated that he had booked a hotel and flight to Washington, believing he would attend the event. Santos served as a congressman representing New York from January 2023 until the end of the year, when he was expelled for ethical violations.As the prediction market grows to billions of dollars, concerns about insider trading are increasingly being raised. The CFTC recently fined former White House teleprompter operator Gabriel Perez $172,000 for profiting in Kalshi's "mention market" by using advance access to Trump's speech content. Legislators have proposed several bipartisan bills to restrict trading on non-public information, but they have not yet passed; platforms like Kalshi and Polymarket are taking preventive measures, such as requiring employment verification for sensitive market traders.

first_img The Fogo mainnet has been down for 46 hours due to the theft of 400 million FOGO, with no scheduled restart time

According to The Defiant, the Fogo mainnet has stopped producing blocks for about 46 hours since Saturday afternoon due to an attack on the Fogo Foundation, resulting in 4 million FOGO tokens (approximately 10.3% of the circulating supply) being transferred to the attacker's address. The foundation initially stated that the chain itself was unaffected, but 15 hours later, the network was actively paused, and plans were made to restrict the related addresses through an upgrade. Currently, the Fogo official explorer shows the last block as 718,525,971, and the RPC endpoint returns a 502 error, while the on-chain TVL tracked by DefiLlama has been frozen at $987,000 for three consecutive days.This downtime is attributed to Fogo's validator design: the chain is managed by a council of 7 voting validators, with the foundation staking evenly among 7 operators, allowing for coordination to pause and implement a client-level address blacklist within minutes. On the exchange side, both KuCoin and Gate have disabled FOGO deposits and withdrawals but retained trading, with a 24-hour spot trading volume of approximately $2.3 million. Meanwhile, a Twitter account impersonating the Fogo Foundation, @FcgoFNDN, posted a false compensation voting link, and Fogo officials reminded users to rely only on information from official channels.Fogo is the second network to actively pause over the weekend, following Cronos, which rolled back its state due to an attack on the Tectonic lending protocol. Fogo raised approximately $7 million by selling 2% of its supply through Binance before launching its mainnet in January, with a valuation of $350 million. The foundation has not yet disclosed details of the attack, compensation plans, or a restart timeline.
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