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Flash

Bitmine increased its holdings by 27,801 ETH last week, bringing the total holdings to approximately 5.77 million

According to PR Newswire, Bitmine announced that it has purchased an additional 27,801 ETH in the past week and stated that it will continue to maintain the steady accumulation pace established since 2026. The company expects to achieve its so-called "Alchemy of 5%" target within the year.As of July 12, Bitmine holds a total of 5.77 million ETH, of which 4.917 million ETH (approximately 85% of the holdings) have been staked. Based on an ETH price of $1,820, the total value is approximately $9 billion. The company expects an annualized staking income of about $242 million based on a 2.70% annualized staking yield, and if all ETH is staked, the annualized staking rewards could reach $284 million.In addition, Bitmine stated that it has launched an institutional-grade Ethereum staking platform, MAVAN (Made in American Validator Network), this year, which will be opened to institutional investors, custodians, and ecological partners in the future.Bitmine claims that it has become the largest ETH reserve institution in the world, and ranks second globally in terms of cryptocurrency asset reserves, only behind Strategy, which holds 843,775 BTC. The company also stated that the GENIUS Act and the U.S. SEC's Project Crypto will drive the transformation of digital asset financial infrastructure, with significance comparable to the impact of the end of the Bretton Woods system in 1971 on the modernization of Wall Street.

Ministry of Industry and Information Technology and three other departments: Strengthen the planning of internet technology innovation, promote the implementation of relevant national key research and development programs and major national science and technology projects

According to a report by Jinshi Data on July 13, the Ministry of Industry and Information Technology and three other departments issued guidance on promoting the high-quality development of internet infrastructure resources. It mentioned strengthening the planning of internet technology innovation, promoting the implementation of relevant national key research and development programs and major national science and technology projects, enhancing original technology innovation, and carrying out technical research on the integration of artificial intelligence, blockchain, distributed identifiers and internet infrastructure resources, breaking through key technologies such as network dynamic optimization, intelligent resource scheduling, and data security interaction. Strengthening the innovation of the IPv6 technology system to solve key issues such as protocol compatibility and high-performance transmission. Breaking through key technologies for satellite internet mega-constellation networking, rapid routing switching, and reliable anti-jamming transmission. Breaking through key technologies for the large-scale deployment and application of resource public key infrastructure.

The five major banks in South Korea exhausted 85% of the annual new household loan quota in the first half of the year, facing a "credit winter" in the second half

According to a report by South Korea's "Daily Economic News" on July 12, driven by the stock market investment boom and sustained housing demand, the five major commercial banks in South Korea (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup) saw a surge in household loans in the first half of this year. As of the end of June, the household loan balance of the five major banks (excluding policy loans) reached 647.57 trillion won, an increase of about 3.7 trillion won compared to the end of last year. This means that in just half a year, the five major banks have exhausted 85.3% of the annual new loan limit set by financial regulatory authorities (approximately 4.33 trillion won), with two banks even exceeding the annual new limit ahead of schedule.To meet the strict overall control targets set by financial regulatory departments, banks are currently accelerating the tightening of credit thresholds. For example, KB Kookmin Bank recently significantly lowered the maximum limit for housing loans from 600 million won to 300 million won, while other banks are focusing on limiting new credit loans and reducing overdraft account limits. However, in just the first nine days of July, the household loan balance of the five major banks increased by over 1 trillion won. Industry insiders point out that against the backdrop of a severely limited remaining quota, banks will have to adopt stricter lending measures in the second half of the year to control the annual growth rate, and the South Korean market is expected to face a severe "credit winter."
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