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Key Takeaways BitMine has reported its first annual earnings since pivoting to an Ethereum treasury strategy. The company has amassed 3.86 million ETH, equivalent to around 3% of the circulating supply. Chairman Tom Lee is now targeting a 5% return. Upon presenting its 2025 earnings on Monday, Dec. 8, Bitmine Immersion Technologies revealed that it now holds 3.86 million ETH. Not satisfied with amassing the world’s largest Ethereum treasury, Chairman Tom Lee has set his sights on controlling 5% of the total ETH supply. From Bitcoin Miner to ETH Treasury Giant Monday’s annual earnings presentation was BitMine’s first since the…

With Bitcoin now in its fourth quadrennial halving, other decentralized projects have adopted similar supply-cut cycles — and Bittensor is approaching its first since launching in 2021.Bittensor, a decentralized, open-source machine-learning network built around specialized “subnets” that incentivize marketplaces for AI services, is expected to undergo its inaugural halving on or around Dec. 14. At that point, issuance of its native token, TAO (TAO), will drop to 3,600 per day from the current 7,200.Grayscale Research analyst William Ogden Moore called the event a “key milestone in the network’s maturation as it progresses toward its 21 million token supply cap,” matching…

The wheat complex posted Friday losses across most contracts at the close. Chicago SRW futures posted 3 to 5 cent losses on Friday, with March 2 ¾ cents in the red. KC HRW futures were down 2 to 4 cents across most contracts with March managing to close 3 ¾ cents higher since last Friday.  MPLS spring wheat was up steady in the front months, as March was a nickel lower on the week.A delayed CFTC report for the week of October 28 showed specs in Chicago wheat slashing 33,692 contracts from their net short position as to 75,133 contracts.…

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 (ETH) 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…

The S&P 500 Index ($SPX) (SPY) on Friday closed up by +0.19%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.43%.  December E-mini S&P futures (ESZ25) rose +0.19%, and December E-mini Nasdaq futures (NQZ25) rose up +0.43%.Stock indexes settled higher on Friday, with the S&P 500 climbing to a 5-week high, the Nasdaq 100 reaching a 1-month high, and the Dow Jones Industrial Average hitting a 3-week high.  Optimism about the economic outlook and the prospects of Fed rate cuts are supporting stock prices.  Market seasonals are also supportive of stocks,…

Spending Slows as Services Dominate Consumption Personal consumption expenditures increased 0.3%, driven almost entirely by a $63.0 billion gain in services spending. Goods spending contributed a modest $2.1 billion. In real terms, however, consumption stalled, with real PCE registering 0.0%, a sign that higher prices in previous months had already constrained purchasing power. The stall in real spending marks a notable moderation compared with earlier in the quarter, when consumer outlays had been a primary support for GDP tracking estimates. The personal saving rate held at 4.7%, with total personal saving measured at $1.09 trillion. While stable, this level continues…

Bitcoin’s (BTC) short-term trend may hinge on developments unfolding inside Binance’s order flow and onchain activity. Three Binance-linked metrics indicated rising sell-side pressure, shifting liquidity behavior, and a market preparing for volatility, factors that could determine whether BTC holds support or enters a deeper correction.Key takeaways:Bitcoin whale deposits into exchanges are rising, signaling elevated profit-taking risk.BTC inflows to Binance have matched 2025 highs, which have historically preceded longer pullbacks.USDT deposits on Binance reached yearly highs, indicating that traders are repositioning themselves ahead of potential volatility.BTC Whale ratio rebound warns of distribution pressureA sharp rise in the Exchange Whale Ratio, now…

The S&P 500 Index ($SPX) (SPY) on Thursday closed up by +0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.10%.  December E-mini S&P futures (ESZ25) rose +0.08%, and December E-mini Nasdaq futures (NQZ25) fell -0.10%.Stock indexes settled mixed on Thursday, with the S&P 500 posting a 3-week high.  Higher bond yields on Thursday weighed on the broader market, knocking the Dow Jones Industrial Average and the Nasdaq 100 down from 3-week highs, as the 10-year T-note yield rose by +5 bp to 4.11%.  Thursday’s decline in initial jobless claims to…

Ether (ETH) has outperformed Bitcoin (BTC) in terms of price action and exchange-traded fund (ETFs) flows this week, reinforcing the capital rotation narrative. Over the past two weeks, the spot ETH ETFs recorded $360 million in net inflows versus BTC’s $120 million, signaling a shift in investors’ preference for the time being. Key takeaways:Spot ETH ETFs have attracted 3 times more inflows than BTC, strengthening their relative momentum.ETH’s high-time-frame price action exceeds Bitcoin, suggesting that Ether has bottomed.Retail accumulates Ether, but one more pullback could occurData from CryptoQuant noted that the spot average order size metric showed a clear behavioural shift…

The wheat complex saw weakness across most contracts on Wednesday. Chicago SRW futures were steady to 3 cents in the red on the day. KC HRW futures were down 2 to 4 cents on Wednesday. MPLS spring wheat was 4 to 5 cents lower at the close. There were no deliveries issued against December CBT wheat overnight, with another 66 against December KC wheat.Export Sales data for the week ending on October 31 will be out on Thursday, with traders looking for between 250,000 and 650,000 MT in wheat bookings.  Don’t Miss a Day: From crude oil to coffee, sign…