Tom Lee's BitMine Makes Another Big Ethereum Buy as ETH Holdings Top $11.2 Billion

Anchorage Digital, the first crypto firm with a U.S. banking charter, will offer institutional custody for TRX on the Tron blockchain. The company plans to later add support for TRC-20 assets and TRX staking, aiming to bridge traditional institutions with the crypto ecosystem.

Tether has enlisted KPMG to conduct a thorough audit of USDT, the largest stablecoin with $184 billion in circulation. The audit aims to review Tether's financial reporting system, internal controls, and asset valuation, addressing concerns over transparency and reserves.

Institutional investors withdrew over $171 million from U.S.-listed Bitcoin exchange-traded funds on Thursday, marking the largest single-day outflow in three weeks. This pullback follows a period of robust inflows, with funds attracting over $2 billion between late February and mid-month. The moderation in flows may indicate a pause in institutional accumulation.

Sunil Nellathu Ramakrishnan, a key figure in a transnational trafficking network, was arrested by India's Central Bureau of Investigation for his involvement in cyber-fraud compounds in Myanmar. Victims were coerced into conducting scams and frauds while facing abuse and restrictions on movement.

Bitcoin is trading in a narrow range near $68,000 despite a rise in U.S. Treasury yields, which have climbed to around 4.42%. The surge in yields is driven by factors like oil prices and geopolitical tensions, impacting borrowing costs and risk assets like stocks and crypto.

David Sacks is stepping down from his role as the White House’s AI and crypto czar after reaching the 130-day limit. He will continue as co-chair of the President’s Council of Advisors on Science and Technology, advising on broader technology issues.

Bo Shen, founder of Fenbushi, offers a 10-20% bounty for help recovering $42 million in stolen Bitcoin, Ethereum, and stablecoins. The theft occurred in 2022, with $1.2 million frozen so far, aided by on-chain analysts Taylor Monahan and ZachXBT.

OKX, a global crypto exchange, is cautious about entering the U.S. public markets despite recent strategic investments and growth. The company aims to prioritize shareholder value and long-term returns before considering an IPO.

Ripple has introduced an AI-driven security upgrade for the XRP Ledger, with a red team uncovering over 10 bugs. The company will prioritize security by focusing on bug fixes and requiring multiple security audits for protocol changes.

Retail investors are increasingly favoring Strategy's preferred share over common stock, with individuals holding 80% of STRC shares compared to 40% of MSTR shares, CEO Phong Le said Thursday. This shift reflects a preference for low-volatility, high-yield digital credit among retail investors.