Bitcoin traded near $70,000, rising to $69,955.22 and up about 1.59% at the time of writing, as market participants monitored developments in Washington. Ethereum also advanced, trading around $2,043.77, up roughly 1.05%. President Trump has threatened not to sign other legislation until Congress passes his voter ID bill, injecting uncertainty into the Crypto Market Structure CLARITY Act currently under Senate consideration. The policy debate highlights the crypto industry’s sensitivity to political developments as it seeks regulatory clarity.
Bitmine Immersion Technologies disclosed holdings of 4.5346 million ETH, roughly 3.76% of the total supply, plus US$1.2 billion in cash and other assets, for total assets of US$10.3 billion. Among its ETH, 3.0405 million ETH are staked, yielding an estimated annualized income of about US$174 million. Hyperliquid’s CL-USDC perpetual contract linked to West Texas Intermediate crude oil surpassed $1.2 billion in 24-hour trading volume, making it the platform’s second-largest market after Bitcoin. WTI crude briefly traded near $107 per barrel as tensions in the region intensified.
Arkham data shows that the Bhutanese government transferred 175 Bitcoins, worth about $11.85 million. The Bhutanese government currently holds around 5,400 Bitcoins, valued at approximately $374 million, managed by the sovereign wealth fund Druk Holding & Investments. Vitalik Buterin stated that the Ethereum Foundation is staking 72,000 ETH using DVT-lite technology, aiming to enable institutions to stake with a single click. Buterin argued that the notion of infrastructure operation being overly complex and reserved for “professionals” is anti-decentralization and must be challenged.
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