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Tom Lee has been appointed chairman on the board of directors for Bitmine, a Bitcoin miner.
Today they announced a $250M private placement to implement buying Ethereum for their $ETH treasury. $BMNR, the public stock for Bitmine, is up 48% in the pre-markets. Tom Lee: “Stablecoins have proven to be the ‘ChatGPT’ of crypto, leading to rapid adoption by consumers, merchants and financial services providers,” Lee said in a statement. “Ethereum is the blockchain where the majority of stablecoin payments are transacted and thus, ETH should benefit from this growth.” Source: @amitisinvesting on X
BREAKING: US Federal Housing Finance Agency orders Fannie Mae and Freddie Mac to count Bitcoin & crypto as an asset when assessing mortgage eligibility.
Source: Bitcoin Archive @BTC_Archive
JPMorgan Files ‘JPMD’ Trademark For Crypto Payment Services
The bank has filed a new trademark application for “JPMD”, potentially signaling the launch of services tied to crypto trading, tokenized payments, custody, and real-time blockchain transactions. Filed on June 16 with the U.S. Patent and Trademark Office, the “JPMD” mark covers a wide range of offerings — from digital asset trading and fund transfers to crypto-secured financial services and token exchange platforms. While still in early review, this move underscores JPMorgan’s continued commitment to shaping the digital financial infrastructure. Source : coingape
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