BitMine Immersion Technologies has increased its Ethereum holdings, acquiring 101,901 ETH last week, despite facing $6.5 billion in unrealized losses due to market volatility. The company's total ETH holdings now stand at approximately 5.08 million. BitMine has staked nearly 3.7 million ETH to generate rewards and offset losses.
In the DeFi sector, a coalition led by Consensys and Joe Lubin has pledged 30,000 ETH to stabilize rsETH after a $290 million exploit. The initiative involves key players like Aave DAO and aims to restore confidence in affected assets.
Meanwhile, Tennessee has enacted a law banning cryptocurrency kiosks effective July 1, 2026, citing fraud prevention. This move affects over 570 kiosks in the state. Additionally, Canada is advancing a bill to ban crypto donations in political campaigns, aiming to enhance electoral integrity.
BitMine Expands Ethereum Holdings Despite $6.5B Loss; Tennessee Bans Crypto Kiosks
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