Bitcoin's Coinbase Premium turns negative, indicating fading U.S. demand amid a rally. Onchain data show $5.97 billion in realized losses on April 24, with U.S. investors exiting faster than foreign counterparts.
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Bitmine Immersion Technologies purchased 28,086 ETH last week, reaching 97% of its goal to hold 5% of Ether's supply with 5.93 million ETH now in treasury. The move comes as the company reports $15.7 billion in assets and $330 million in annualized staking revenue but faces a $5.1 billion unrealized loss on its holdings.
Goldman Sachs agreed to acquire NEOS Investments for up to $2.25 billion, adding three crypto-income ETFs that use derivatives rather than direct holdings. The deal expands Goldman's active ETF business to roughly $80 billion and is expected to close in Q1 2027 pending regulatory approval.
Coinbase has secured UK authorization to offer equities and derivatives alongside crypto, enabling perpetual futures for institutional traders and equity trading for retail customers. The move advances the company's Everything Exchange strategy ahead of the UK's full crypto framework in 2027.
Strategy adopted a new Digital Credit Capital Framework authorizing up to $2 billion in buybacks and a bitcoin monetization program while lifting its STRC dividend to 12%. The moves are designed to strengthen the company's credit profile and balance sheet flexibility while preserving bitcoin as its primary treasury reserve asset.
Coinbase launched Coinbase for Agents, allowing AI models to connect to user accounts for autonomous trading, payments via x402 protocol, and tasks like recurring buys without manual oversight. The move comes as crypto firms expand AI tools despite a June 10 study showing agent treasuries gained $30 million while token holders lost $191.7 million.
