Crypto's biggest players are drawing lines in the sand.

One treasury firm is capping its ETH appetite at a precise percentage of supply.

A prop trading startup wants to kill the model where firms profit from trader losses.

And Tether just inked a deal with a central Asian central bank.

The common thread: institutions are writing new rules for how digital assets get held, traded, and issued.

Bitmine is 100K ETH from a self-imposed buying ceiling

Bitmine already holds 6.02 million ETH, making it one of the largest holders on Earth.

Chairman Tom Lee revealed at TOKEN2049 that the firm will stop accumulating at 5% of circulating supply.

That cap turns Bitmine from an active whale into a passive giant, which could reshape ETH's supply dynamics.

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Markets

Leveraged longs get torched as geopolitical risks tighten the screws

Iranian tanker attacks lifted oil prices, Treasury yields, and the dollar on Wednesday.

That risk-off wave crushed overleveraged crypto bulls, wiping out $545M in long positions alone.

The single largest casualty: a $27M ETH position on Binance, liquidated in one sweep.

BTC slipped below $84K, ETH fell near $2,568, SOL dipped below $117, and XRP traded near $1.43.

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Vest raises $13M to build a prop trading firm that only wins when traders win

Most prop trading firms quietly profit when their customers blow up.

Vest Labs raised a $13M seed round to build the opposite: a firm whose revenue depends on trader success.

If the model works, it could pull skeptical retail traders back into a corner of finance they've learned to distrust.

Read the full breakdown →

Tether partners with Kazakhstan's central bank to explore tenge stablecoins

Tether signed a memorandum of understanding with Kazakhstan's National Bank and the Alatau City Authority.

The deal covers stablecoin development, real-world asset tokenization, and DeFi infrastructure for the local tenge currency.

Central bank partnerships give Tether a regulatory foothold that pure market adoption never could.

Read the full breakdown →

On Our Radar

RPC provider roundup: Arc's top five options for the year ahead.*

Tokenized stocks plug in: Enso brings xStocks to Arbitrum through one API.

Crypto's boring infrastructure play: Three Japanese firms team up for payments rails.

_*sponsored

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