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BitMine chairman Tom Lee has confirmed the company went on an Ether buying spree after the crypto market saw one of its most significant deleveraging events earlier this month. “Open interest for ETH sits at the same levels as seen on June 30th of this year, ETH was $2,500, given the expected Supercycle for Ethereum, this price dislocation represents an attractive risk/reward,” he said in a statement on Monday. Source: Arkham BitMine bought up another $250 million Ether (ETH) on Monday from crypto exchanges Bitgo and Kraken, according to blockchain analytics platform Arkham Intelligence. This now brings BitMine more than halfway to its goal…

Key Takeaways Jack in the Box will sell Del Taco Holdings for $115 million, ending the two-brand strategy it began in 2022. The company says the sale allows it to focus on its core business and pay down debt. The deal underscores a growing trend of restaurant operators simplifying their portfolios amid high costs. San Diego-based Jack in the Box announced it will sell Del Taco Holdings for $115 million, a move that marks a significant pivot in strategy for the parent company and underscores a broader shift in how fast-food brands are managing their portfolios. Related: Considering franchise ownership?…

In Sophie Calle’s latest project, On the Hunt, the personal ad is transformed from a brief, oft-parodied plea for love into a window that lays bare the hearts of the body politic. Calle excerpts personal ads published in Le Chasseur français, a hunting and nature magazine, between 1895 and 2010. Taken together, they form a catalogue of the most desirable qualities spanning twelve decades of dating. Most vitally, though, they call attention to the universality of longing. Last week, at Paula Cooper Gallery in Chelsea, the New York Review of Books co-hosted a reading of Calle’s findings. The event, seeking…

“A world where ‘the market’ runs free and the ‘evil’ of government is defeated would be, for them, a world of perfect freedom.” — Lawrence Lessig, Code: Version 2.0Recently, I got the chance to watch a preview of James Craig’s upcoming documentary “Code is Law.” The film, which debuts on Oct. 21 on Apple TV+, Amazon Prime Video, and YouTube Movies, tells two distinct but related stories of crypto hacks: the people involved and the ethos of the perpetrators. Its position is clear, but the question deserves a deeper investigation. If code is not law, should it be?After the 2014…

Ethereum co-founder and Consensys founder Joseph Lubin highlighted the importance of venture capital (VC) funding for the development of the world’s largest smart contract network, despite growing industry concerns over the influence of investment funds on Ethereum.The main goal of VCs like Paradigm is to “suck as much value as possible from the Ethereum and broader ecosystem,” while their secondary goals include “progressing the systems towards rigorous decentralization,” wrote Lubin in a Monday X post, adding that there is “no reason for concern.”Lubin’s comments come shortly after the departure of two key Ethereum researchers, which caused renewed concerns over the…

A weeend bounce in crypto stalled during the Monday U.S. session with investors still fearing further declinesBitcoin BTC$111,296.88 traded just above $111,000 late Monday, up nearly 2% over the past 24 hours but off earlier highs. Ether ETH$3,976.11 slipped slightly below $4,000, down 0.2% on the day.XRP$2.4675 and Chainlink LINK$18.78 led gains in the CoinDesk 20 Index, while privacy-focused token ZEC$240.21, not included in the index, stood out with a 17% rally.Most digital asset-related stocks were also in the green on Monday, benefiting from crypto’s weekend relief rally. Bitcoin miners Riot Platforms (RIOT) and MARA Holdings (MARA) jumped nearly 10%…

Nasdaq-listed Bitcoin mining company CleanSpark’s shares soared over 13% on Monday, after the company announced a strategic expansion into artificial intelligence.CleanSpark, the fifth-largest Bitcoin (BTC) mining company by market capitalization, announced a new strategy to expand into AI data center infrastructure, aiming to diversify its revenue streams and strengthen long-term cash flow potential.To lead the initiative, the company appointed Jeffrey Thomas as senior vice president of AI data centers, CleanSpark announced on Monday.Thomas previously led Saudi Arabia’s multi-billion AI data center program as former president of AI Data centers at Saudi AI company Humain. Through his career, he created over…

As of October 19th, Bitcoin’s price was approximately $109,000, with a total market capitalization of approximately $2.18 trillion, surpassing the value of many leading tech companies. Since its launch in 2009, Bitcoin has proven to be a valuable investment. If one had entered the market in 2015, the returns today would have been staggering.Current XRP Price and Market TrendsXRP currently trades at approximately $2.40, with a market capitalization of approximately $143.9 billion, ranking fifth among cryptocurrencies. Despite macroeconomic factors and ETF delays, technical indicators have strengthened, earning it a “Strong Buy” rating. Since its launch in 2012, XRP has captivated…

VanEck is leveraging recent SEC guidance that distinguished certain staking activities from securities laws, positioning its stETH fund as a direct test of the regulator’s new operational clarity. Summary VanEck has filed with the SEC to launch the first U.S. ETF tied to Lido’s staked Ether, giving regulated exposure to Ethereum’s staking economy. The filing follows new SEC guidance confirming that standard liquid staking activities do not qualify as securities transactions. VanEck’s proposed ETF aims to bridge decentralized staking with traditional finance, offering institutional investors compliant access to Ethereum yield. According to a recent filing with the U.S. Securities and…

Bolivian President-elect Rodrigo Paz plans to tackle corruption in his country’s government using blockchain technology.The Associated Press reported Monday that Paz defeated rival Jorge Quiroga 54.5% to 45.5% and is set to take office on Nov. 8. Paz won Sunday’s runoff on a centrist, pro-market message and inherits an economy strained by fuel shortages and a US dollar squeeze, according to the AP.Rodrigo Paz won Bolivia’s run-off presidential election on Sunday. Source: APFor crypto observers, Paz’s government plan includes two concrete proposals related to digital assets and blockchain.Blockchain joins Bolivia’s reform agendaThe first is a plan to use blockchain and…