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Cointelegraph

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Cointelegraph

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  • JUST IN: Tether has launched QVAC Health, a new privacy-first wellness platform that unifies wearable and health data into a single encrypted, offline-capable dashboard powered by on-device AI.
  • Eric Balchunas pushes back on the “Bitcoin = tulips” comparison. Tulips died in 3 years, while Bitcoin has survived and still sits ~250% higher.
  • BitMine buys $199M in Ether as smart money traders bet on ETH decline BitMine Immersion Technologies, the world’s largest corporate Ether holder, continues buying the dip, despite the industry’s most successful traders betting on Ethereum's price fall. BitMine acquired $199 million worth of Ether during the past two days, through a $68 million ETH acquisition on Saturday and another $130.7 million buy on Friday, according to blockchain data platform Lookonchain. With the latest investments, BitMine now holds $11.3 billion, or 3.08%, of the total Ether supply, closing in on its 5% accumulation target, according to data from the StrategicEthReserve. BitMine’s continued accumulations are a strong sign of conviction in Ether's long-term growth potential. The company holds an additional $882 million in cash reserves, which may be used for more Ether accumulation. during the past two days, through a $68 million ETH acquisition on Saturday and another $130.7 million buy on Friday, according to blockchain data platform Lookonchain. With the latest investments, BitMine now holds $11.3 billion, or 3.08%, of the total Ether supply, closing in on its 5% accumulation target, according to data from the StrategicEthReserve. BitMine’s continued accumulations are a strong sign of conviction in Ether's long-term growth potential. The company holds an additional $882 million in cash reserves, which may be used for more Ether accumulation. BitMine’s investment comes amid a significant slowdown in digital asset treasury (DAT) activity, which saw corporate Ether acquisitions fall 81% in three months, from 1.97 million Ether in August to 370,000 in net ETH acquired in November. Despite the slowdown, BitMine accumulated the lion’s share, or 679,000 Ether worth $2.13 billion during the past month.
  • UPDATE: Mining one $BTC now costs $74,600 and $137,800 all-in, pushing public miners to shift toward higher-margin AI and HPC workloads.
  • ADOPTION: YoungHoon Kim, who claims of world’s highest IQ of 276, says he buys Bitcoin every single day.
  • ADOPTION: YoungHoon Kim, who claims of world’s highest IQ of 276, says he buys Bitcoin every single day.
  • LATEST: BNB Chain’s RWA value doubled over the past 30 days, now at $1.6B.
  • UPDATE: Cango marked one year as a Bitcoin miner with Q3 revenue of $224.6M, and 1,930.8 $BTC mined.
  • UPDATE: Cango marked one year as a Bitcoin miner with Q3 revenue of $224.6M, and 1,930.8 $BTC mined.
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