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BitMine increased its holdings by 27,084 ETH last week, bringing the total holdings to approximately 5.7 million coins

According to PR Newswire, BitMine increased its holdings by 27,084 Ethereum last week. As of June 28, 2026, its total Ethereum holdings reached 5,700,040, accounting for approximately 4.7% of the total Ethereum supply.Currently, the total value of cryptocurrencies, cash, and other investment assets held by BitMine is approximately $9.8 billion, which includes $555 million in cash and securities, 206 Bitcoin, $180 million in equity assets from Beast Industries, and a $74 million investment in Eightco Holdings. In addition, the amount of Ethereum it has staked has increased to 4,879,157 (over 85% of total holdings), valued at approximately $7.7 billion, with a current annualized staking yield of about $211 million.Tom Lee stated that BitMine was included in the Russell 1000 large-cap index during the Russell index annual reconstitution on June 26, 2026. This inclusion is expected to bring hundreds or even thousands of new institutional investors, as passive funds and ETFs typically hold 18% to 20% of the outstanding shares of publicly listed companies.However, this week has been challenging for crypto investors, with ETH down 8%, despite positive developments in the Ethereum ecosystem such as the establishment of Ethlabs, and a softening stance from the Bank of England on stablecoins. He believes that the "earnings manipulation" effect that appears near the end of the quarter has led investors to reduce holdings in assets that have underperformed over the past three months, but the long-term development path of the crypto industry remains positive, with the dual driving forces of Wall Street infrastructure moving on-chain and proxy AI payment systems still in place.

SBI Holdings acquires Bitbank for $289 million, creating Japan's largest cryptocurrency exchange; bipartisan U.S. senators urge CFTC to investigate Polymarket's "deceptive marketing."

According to BBX data, last weekend Japan's largest financial group completed the most important cryptocurrency acquisition, and U.S. bipartisan senators launched a new regulatory offensive against prediction market platforms. The core developments are as follows:SBI Holdings, Inc. (Tokyo Stock Exchange: 8473) announced the acquisition of the Japanese cryptocurrency exchange Bitbank (privately held) for approximately $289 million. After the transaction is completed, SBI's cryptocurrency business will surpass all competitors, creating Japan's largest cryptocurrency exchange. SBI Holdings is one of Japan's largest independent financial services groups, already owning cryptocurrency-friendly network bank SBI Shinsei Bank, cryptocurrency asset custodian SBI Digital Asset Holdings, and multiple Bitcoin mining and cryptocurrency venture capital investments. Bitbank is one of Japan's largest spot BTC exchanges and holds an official cryptocurrency exchange license from the Financial Services Agency (FSA) of Japan. This acquisition marks a shift for traditional Japanese financial institutions from "strategic trial" in the cryptocurrency sector to "scale acquisition dominance," alongside the joint stablecoin plan of the three major banks: Mitsubishi UFJ ($MUFG), Sumitomo Mitsui ($SMFG), and Mizuho ($MFG) (targeting March 2027), forming the most intensive wave of cryptocurrency layout in Japan's financial industry by 2026.U.S. Senators John Curtis (Republican, Utah) and Adam Schiff (Democrat, California) reported on June 28 that they jointly sent a letter to the CFTC, urging it to conduct a formal investigation into the prediction market platform Polymarket (privately held), citing a "concerning" investigative report regarding Polymarket's "deceptive marketing" practices, which accused it of systematic misleading in user acquisition and risk disclosure. This is the third regulatory offensive against prediction market platforms initiated by Congress this year (previously, the House Oversight Committee launched an insider trading investigation on May 22); the two senators come from different parties, which is significant. For Robinhood Markets, Inc. (NASDAQ: $HOOD), this investigation poses indirect pressure—Robinhood's prediction market/event contract business (which achieved a record daily trading volume in June) faces the same regulatory qualitative disputes as Polymarket; however, Robinhood's defensive advantage lies in its ongoing application for a CFTC Designated Contract Market (DCM) license, providing a clearer compliance path compared to Polymarket.
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