Articles for category: Crypto

September 22, 2025

viralnado

Hydration Unveils HOLLAR: A Groundbreaking Stablecoin for Polkadot’s DeFi Ecosystem

In an exciting development for the decentralized finance (DeFi) landscape, Hydration, the leading DeFi protocol on the Polkadot network, has officially launched its own native stablecoin, HOLLAR, on September 22. This new stablecoin venture is poised to enhance liquidity and stability within the rapidly evolving DeFi ecosystem. HOLLAR is designed as an over-collateralized stablecoin, which means it holds reserves exceeding its circulating supply, thereby providing a robust foundation for its value. Specifically, HOLLAR is pegged to the USD and is backed by a diverse array of cryptocurrencies, including Polkadot’s native token DOT, Ethereum’s Ether (ETH), and Bitcoin (BTC). As of

September 22, 2025

viralnado

Tom Lee’s BitMine Secures $365 Million to Bolster ETH Holdings

BitMine Immersion Technologies (BMNR), led by the prominent figure Tom Lee, has made headlines after successfully raising $365 million through a recent stock offering. This strategic move is set to enhance the company’s already substantial treasury, which currently holds over 2% of the total supply of ether (ETH). In an announcement made on Monday, BitMine revealed that its treasury is valued at approximately $11.4 billion as of September 21. This impressive portfolio comprises 2,416,054 ETH, valued at $4,497 per token, alongside 192 bitcoin (BTC), $345 million in cash, and a $175 million equity interest in Eightco Holdings. With this acquisition,

September 22, 2025

viralnado

Tom Lee’s BitMine Secures $365 Million to Boost Its Ethereum Holdings

BitMine Immersion Technologies (BMNR), under the leadership of renowned investor Tom Lee, has successfully raised $365 million by offering shares at $70 each. This strategic move aims to significantly bolster the company’s already substantial Ethereum (ETH) treasury, now exceeding 2% of the total supply of Ether. On Monday, BitMine disclosed that its treasury has been appraised at an impressive $11.4 billion as of September 21. This includes a staggering possession of 2,416,054 ETH valued at approximately $4,497 per token, in addition to 192 BTC worth around $108,783.53, $345 million in cash reserves, and a $175 million equity investment in Eightco

September 22, 2025

viralnado

BitMine Accumulates Over 2% of Ether Supply, Launches $365 Million Fundraising Round

BitMine Immersion Technologies, a prominent player in the crypto treasury sector, has announced that it now holds more than 2% of the total supply of Ether (ETH), amassing a staggering 2.4 million ETH. The company revealed on Monday that its substantial Ether holdings are estimated to be worth around $10.1 billion, positioning it as the largest corporate treasury for ETH globally. In conjunction with this announcement, BitMine has initiated a new fundraising effort aimed at further enhancing its Ether reserves. The firm reported acquiring its ETH at an average price of nearly $4,500 per coin, which is approximately 7.25% above

September 22, 2025

viralnado

BitMine Acquires 2% of Total ETH Supply, Secures $365 Million Through New Offering

BitMine Immersion Technologies, a prominent player in the cryptocurrency treasury sector, has announced that it now holds over 2% of Ether’s (ETH) total supply, translating to approximately 2.4 million ETH. This significant accumulation is valued at around $10.1 billion, positioning BitMine as the largest corporate treasury of Ether globally. On Monday, the company revealed its ambitious plans to further bolster its ETH reserves through a new fundraising initiative. BitMine has stated that its acquisition strategy involved purchasing ETH at an average price of nearly $4,500 per unit, which is about 7.25% above the current market price of $4,200. According to

September 22, 2025

viralnado

Plasma Unveils Plasma One: A Revolutionary Neobank for Stablecoin Users

In a significant move for the stablecoin landscape, Plasma, a Layer 1 blockchain network backed by American entrepreneur Peter Thiel and associated with Tether-related entities, has announced the launch of Plasma One, described as a “stablecoin-native neobank.” The new platform promises an all-in-one solution for users to engage in high-yield savings, effortless transfers, and everyday spending—all through a user-friendly application. According to a press release shared with The Defiant, Plasma One aims to simplify access to stablecoins while addressing the fragmented experiences that have historically hindered their widespread adoption. The initiative is expected to cater especially to users in emerging

September 22, 2025

viralnado

Plasma Launches Innovative Neobank to Empower Stablecoin Users in Emerging Markets

Plasma has officially introduced Plasma One, a pioneering neobank designed exclusively around stablecoins, with the promise of transforming the way users save, spend, and earn in digital dollars, the company announced in a press release on Monday. The launch seeks to address what Plasma identifies as a fractured user experience for stablecoin holders, who often contend with cumbersome interfaces, limited local currency options, and challenges in converting their assets into cash. This initiative underscores Plasma’s commitment to facilitating smoother interactions within the cryptocurrency space. Stablecoins are a unique category of cryptocurrency whose value is pegged to a stable asset, typically

September 22, 2025

viralnado

Crypto Market Faces Turbulence: BTC, ETH, and Major Altcoins Take a Hit

The cryptocurrency market experienced a significant downturn on early Monday morning, with major digital assets including Bitcoin (BTC) and Ethereum (ETH) witnessing notable declines. This market retreat resulted in the liquidation of approximately $1.5 billion in leveraged positions, highlighting the ongoing volatility and uncertainty within the crypto landscape. The drop in cryptocurrency values coincided with a Federal Reserve interest rate cut, which many had anticipated would decrease the dollar index and promote risk-taking behavior. However, the outcome was contrary to market expectations, leading to a shift in sentiment and triggering selling pressure across most assets. According to Alex Kuptsikevich, the

September 22, 2025

viralnado

Mastering Crypto Day Trading: Harnessing AI with ChatGPT and Grok

The landscape of crypto day trading is rapidly evolving, fueled by advancements in technology and innovative tools. Among these, two standout AI-driven platforms, ChatGPT and Grok, are helping traders navigate the complexities of the crypto market, making the process faster and more efficient than ever. Understanding Crypto Day Trading At its core, day trading involves executing trades within the same day, focusing on short-term price movements. Unlike long-term investing, which prioritizes fundamental analysis and patience, day trading capitalizes on momentum and volatility, often making trades within minutes. This fast-paced approach requires a deep understanding of technical analysis, as traders monitor

September 22, 2025

viralnado

Gold Surges as Bitcoin Pulls Back, Indicating Shift in Investor Sentiment

In a notable market development, gold prices surged by 1% on Monday, reaching a new all-time high of $3,721 per ounce. This increase comes on the heels of a 3% decline in Bitcoin’s price, which dropped to $112,000, marking a year-to-date gain of 17%. Analysts suggest this movement may indicate a shift in investor focus from the cryptocurrency market to traditional safe-haven assets such as gold. The sharp rise in gold comes shortly after Bitcoin experienced a significant dip. Typically viewed as a digital equivalent of sound money, Bitcoin’s recent downturn could be contributing to a rotation of profits into