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BitMine’s ether stash exceeds $1 billion in corporate Ethereum treasury sprint
BitMine’s ether stash exceeds $1 billion in corporate Ethereum treasury sprint

Quick Take BitMine now owns 300,657 ETH worth about $1 billion, up from $500 million three days earlier. The publicly traded company is in a race with firms like Joseph Lubin-linked SharpLink Gaming for the title of largest corporate ether holder.

The Block·2025/07/16 16:00
OG bitcoin whale moves another 40,000 BTC worth $4.75 billion to new address amid speculation of forthcoming sales
OG bitcoin whale moves another 40,000 BTC worth $4.75 billion to new address amid speculation of forthcoming sales

Quick Take An OG bitcoin wallet has moved another 40,192 BTC ($4.75 billion) to a new address and “may continue to sell,” according to Lookonchain. The funds are linked to the bitcoin whale who recently moved a total of over 80,000 BTC after a 14-year period of dormancy. The same whale transferred 40,010 BTC to Galaxy Digital earlier this week, according to Arkham.

The Block·2025/07/16 16:00
France Mulling 5-Year Bitcoin Mining Plan With Surplus Electricity
France Mulling 5-Year Bitcoin Mining Plan With Surplus Electricity

The French government has developed a 5-year Bitcoin mining plan to use its surplus electricity with the potential to generate up to $150 million from the industry.

Coinspeaker·2025/07/16 16:00
Flash
12:41
Tesla restricts employees' AI usage expenses as several US tech companies tighten AI spending
Similar measures have also been adopted by other American technology companies. According to reports, Tesla has issued an internal memo to employees, announcing that starting from July 6, each employee will have a weekly spending limit of $200 on AI tools, and any excess must be approved by a supervisor. However, Tesla employees using the Grok model from Elon Musk’s xAI are not counted within the $200 limit. It is reported that Grok is not widely accepted among Tesla employees, with most still choosing to use Anthropic's Claude. (CCTV Finance)
12:08
UK FCA Releases Cryptocurrency Framework Aimed at Enhancing Global Liquidity and Institutional Adoption
The UK FCA's cryptocurrency framework prioritizes global liquidity and institutional adoption, but the authorization process faces compliance challenges.
12:07
Kioxia Provides Next-Generation Flash Chip Samples to Customers, Aiming to Outpace Competitors
On July 4, Bloomberg reported that Kioxia Holdings has begun supplying next-generation flash chip samples to AI data center operators, aiming to gain an edge in this lucrative market and compete with rivals. The Tokyo-based chip manufacturer stated that its newly launched high-density 3D flash chips have improved energy efficiency and data transfer speeds. The company claims that the storage capacity of the new generation 332-layer, tenth-generation flash chips has increased by 59% compared to its previous flagship product, the eighth-generation flash chips. Click the link below to join the Beating · Feishu AI News channel, which monitors global AI hotspots and news 24/7.
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