Crypto Daily | BitMine Reportedly Adds $103.7M in Ethereum to Corporate Treasury; Crypto Platform HashKey Plans Hong Kong IPO This Year

Tiger Newspress
Oct 10

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Crypto Platform HashKey Plans Hong Kong IPO This Year: Report

HashKey Group has filed for an initial public offering (IPO) in Hong Kong, aiming to list “as soon as this year,” unnamed sources told Bloomberg. The firm runs Hong Kong’s largest licensed crypto exchange, HashKey Exchange.

The company is aiming to raise as much as $500 million, the report added. The sources disclosed that HashKey is still negotiating details, including valuation and the listing schedule, which are subject to adjustment.

“Bitcoin Jesus” Roger Ver Agrees to $48M Deal to Resolve US Tax Fraud Case

Roger Ver, one of the most recognizable figures in crypto, has agreed to pay $48m to settle a US tax fraud case. The deal marks a turning point in a saga that has drawn political attention. It also reflects the shifting approach to crypto regulation under President Donald Trump. Ver, 46, rose to prominence in Bitcoin’s early years for his relentless evangelism. His efforts earned him the nickname “Bitcoin Jesus.

”The New York Times reported Thursday that Ver has reached a tentative deferred-prosecution agreement with the US Department of Justice. The $48m deal marks the same amount prosecutors said he owed, in exchange for the eventual dismissal of charges if he complies with the agreement’s terms.

Institutional Whales Buy the Dip, But Bitcoin’s Momentum Falters Near Record Highs

Bitcoin is up 7% in October, in line with its seasonal trend, but this rally feels markedly different. Institutional whales continue to accumulate aggressively, yet early adopters are quietly selling into strength, dampening momentum.

Despite hovering near all-time highs, the market now sits in a zone of uncertainty, with macro signals turning neutral and options traders growing defensive. Analysts say the cycle’s next phase will favor disciplined accumulation during consolidation rather than momentum chasing.

BitMine Reportedly Adds $103.7M in Ethereum to Corporate Treasury

Blockchain data shows that BitMine Immersion Technologies has reportedly acquired 23,823 ETH, worth around $103.7 million, into its corporate treasury, according to Lookonchain citing Arkham data. The transfer originated from a BitGo wallet linked to the address “0xF8c…338E7.” BitMine has yet to confirm the purchase.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Thursday was $197.68 million. The total net asset value of Bitcoin spot ETFs is $164.79 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.83%.

Source: SoSoValueSource: SoSoValue

The Bitcoin spot ETF with the highest net inflow on October 9 was iShares Bitcoin Trust ETF, with a net inflow of $255.47 million, according to SoSoValue.

Source: SoSoValueSource: SoSoValue

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10