4E: BitMine increases its stake in ETH by $365 million, Strive acquires a Bitcoin vault company

ChainCatcher news reports that according to 4E observations, Federal Reserve official Musalem stated that when implementing the GENIUS Act, the restrictions on interest payments for stablecoins must be adhered to, emphasizing that stablecoins should serve as payment tools rather than savings tools.

In terms of market sentiment, Adam, a researcher at Greeks.live, pointed out in a community briefing that there is a clear divergence among traders. The bearish camp expects ETH to potentially drop below $4000 and BTC to test the lows again, while the bullish camp views the current situation as the "last needle" before a bull market. The rising implied volatility of options, the liquidation of open contracts, and the reduction in trading volume have become the focus of the market.

In industry news, Strive, a company owned by Trump ally Ramaswamy, announced the acquisition of the Bitcoin vault company Semler, with the two companies combined holding nearly 11,000 bitcoins. This transaction is an all-stock acquisition with a premium of over 200%.

According to PRNewswire, BitMine Immersion Technologies (BMNR) is conducting a $365 million targeted offering at $70 per share, which is approximately a 14% premium over the closing price, and is issuing warrants. Chairman Thomas Lee stated that the funds raised will be used to increase ETH holdings, with a target of holding 5% of the circulating supply of ETH. This offering has received support from several institutions, including ARK, Pantera, Founders Fund, and Galaxy Digital. If all warrants are exercised, total fundraising could reach $1.28 billion.

4E reminds investors: Frequent actions by institutions indicate a strong willingness to position in ETH and BTC, but there are still significant divergences and volatility in the market. It is recommended that investors maintain a stable position and flexible response strategies while paying attention to fundamentals and capital flows.