A digital shekel is here: Israel approves its first regulated stablecoin
Israel's Capital Market Authority approved BILS, the nation's first regulated shekel-pegged stablecoin, issued by Bits of Gold. Built on Solana with Fireblocks custody and EY auditing, BILS aims to position the shekel alongside euro and yen in blockchain finance. The move addresses concerns about dollar dominance in onchain payments while leveraging Israel's strong currency performance.
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Bitmine's ether buys are catching up to Strategy's bitcoin accumulation pace
Bitmine bought $234 million of ether last week, its largest weekly purchase this year, bringing corporate ether accumulation closer to Strategy's bitcoin buying pace. Holding over 5 million ETH tokens worth roughly 4.21% of circulating supply, Bitmine has staked 73% for $264 million annualized yield. The firm continued aggressive purchases despite $8 billion unrealized losses earlier this year.
Crypto traders turn cautious as bitcoin loses steam below $80,000
Bitcoin fell below $80,000 resistance after two failed breakout attempts, with ether dropping 0.75% in tandem. Derivatives data shows cooling activity—lower open interest, volume, and liquidations signal cautious positioning. U.S. demand weakened per Coinbase Premium Index turning negative. Subdued volatility reflects macro pressures from elevated oil prices and stalled Iran-U.S. talks, leaving Indian traders watching for potential $70,000s retest.
