Crypto Biz: Capital has no consensus
Crypto markets splinter as miners pivot to AI, BitMine doubles down on ETH, stablecoin liquidity idles, and tokenized Treasurys reshape trading collateral....
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Ethereum Foundation finalizes sale of 10,000 ether to BitMine as part of its treasury strategy
The latest transaction follows a similar March deal in which the foundation sold 5,000 ETH to BitMine, raising roughly $10.2 million....
Tether posts $1.04 billion Q1 profit, reaches $8.23 billion reserve buffer
Tether reported $1.04 billion Q1 profit with record $8.23 billion excess reserves, holding $192 billion in assets against $183.5 billion liabilities. USDT, the third-largest cryptocurrency, maintains stability as stablecoins gain traction in international payments. Tether's reserves include $20 billion in gold and $7 billion in bitcoin, positioning it as the 17th-largest U.S. Treasury holder globally.
AI agent forms its own company, gets ready to trade crypto
ClawBank's Manfred AI agent has autonomously formed a U.S. corporation with an EIN, FDIC-insured bank account, and crypto wallet, positioning itself to trade across 30+ cryptocurrencies by month-end. This milestone reflects growing predictions that autonomous AI agents will dominate crypto transactions and online commerce, with industry leaders like Coinbase's Armstrong and Binance's CZ forecasting AI agents will vastly outnumber human traders.