Binance led exchanges in 2025 with a record $1.17T in capital inflows and the highest spot and perps trading volumes, per CryptoQuant.The data shows Binance remains the largest gateway for crypto liquidity and market activity.Sources: Binance + CryptoQuant ...

Core Insights - BitMine Immersion Technologies has expanded its Ethereum holdings to over 3.86 million ETH, valued at approximately $13.2 billion, and has increased its weekly buying pace by 156% [1][2][3] Group 1: Company Holdings and Strategy - The company's total assets, including crypto, cash, and other investments, amount to about $13.2 billion, comprising 3,864,951 ETH, 193 BTC, a $36 million stake in Eightco Holdings, and roughly $1 billion in cash [2] - BitMine controls more than 3.2% of the circulating ETH supply, making it the largest corporate treasury for Ethereum and the second-largest crypto treasury globally, following Strategy Inc. [4] - The company aims to achieve a 5% ownership stake in the ETH supply, supported by institutional backers such as ARK Invest and Pantera [4] Group 2: Market Activity and Stock Performance - BitMine remains one of the most actively traded US stocks, with an average daily dollar volume of about $1.8 billion, ranking approximately 37th by turnover [5] - On December 8, the stock price increased by over 4%, with volatility rising by 2% from the previous day [5] - Despite experiencing a significant rally earlier in 2025, followed by a pullback, the stock continues to trade at high volumes, indicating strong interest from traders [6] Group 3: Ethereum Market Context - As of December 8, 2025, Ethereum is trading in the $3,050–$3,150 range, down from nearly $4,000 a year ago, but showing slight daily gains [7] - Current ETH price levels provide opportunities for BitMine to optimize operations and strategically position itself for both short-term mining profitability and long-term growth [7]

Group 1: SpaceX Bitcoin Transfers - SpaceX has transferred 1,163 Bitcoin, valued at approximately $105 million, to a new wallet, following a previous transfer of 1,215 Bitcoins worth $133.7 million [1] - After these transfers, SpaceX's Bitcoin wallet now contains 6,095 Bitcoins, totaling nearly $553 million, making it the fourth-largest private company holder of Bitcoin [1] - At one point in 2022, SpaceX held as much as 25,000 Bitcoins but has since reduced its holdings [1] Group 2: Market Reactions and Speculations - There has been no official explanation from SpaceX regarding the reason for the transfers, but speculation suggests it may be related to improving custody rather than liquidation [2] - Observers note that significant moves by institutions like SpaceX often indicate strategic positioning, even if the exact purpose remains unclear [2][3] - The new wallets have not yet interacted with exchanges or shown signs of liquidation, suggesting a cautious approach to asset management [3] Group 3: Related Market Insights - Tesla, another company owned by Elon Musk, holds a substantial Bitcoin reserve of 11,509 BTC, valued at about $1.05 billion [3] - Cathie Wood, CEO of ARK Invest, anticipates that the current liquidity crunch in crypto and AI markets will ease soon, with expected policy changes from the Federal Reserve [4] - ARK Invest has been actively purchasing crypto-related stocks, spending over $93 million recently, despite the downturn in the broader crypto market [5]

Tom Lee: Insufficient Crypto Liquidity Forces Institutional Hedging Flows Into StrategyIn a CNBC interview on November 21, the host highlighted Strategy's 50% decline over the past three months and its 65% drop from the July peak, questioning how closely its selloff is tied to Bitcoin's downturn. Bitmine Chairman Tom Lee explained that institutions holding multi-billion-dollar Bitcoin long positions are unable to effectively hedge through crypto derivatives or CME futures. As a result, Strategy's highly liq ...

📊 MARKETS: Crypto liquidity remains thin post-October crash, risking sharp price swings. BTC depth fell by 33%, ETH by 25%. What does it mean for traders?. by @oknighcryptoRead more on CoinDesk. ...

Core Insights - Hong Kong's market regulator is allowing licensed virtual-asset trading platforms to connect with global capital pools, aiming to enhance liquidity and attract international exchanges [1][2][3] Regulatory Changes - The Securities and Futures Commission (SFC) of Hong Kong announced plans for licensed crypto platforms to link with overseas liquidity providers, facilitating a mix of domestic and international capital [2][3] - The upcoming circular from the regulator is expected to support this policy shift, which aims to address the insular nature of the market despite previous licensing advancements [3][4] Market Structure - Hong Kong has transitioned from pilot schemes to a comprehensive licensing regime, with approximately 11 authorized virtual-asset trading platforms currently listed [4][5] - This growing number of licensed platforms provides a competitive foundation for order flow if global routing is permitted [5] Market Impact - The policy change is anticipated to influence product scope and market microstructure, potentially increasing market depth and narrowing spreads for primary tokens [6] - Institutional counterparties may gain access to certified local venues, enhancing overall market participation [6]

What drives crypto liquidity in 2025? Institutions, infra, or retail energy?Read our CSO, Cecilia's insights from Seoul 👇#MEXCEventRocksCecilia Hsueh (@cecilia_hsueh):Seoul never fails to amaze me. The pace, the energy, the passion of Korea’s crypto scene, you feel it everywhere, from the booths to the late-night conversations.This KBW was also a first for me on stage as MEXC CSO. I talked about how 2025 liquidity is being reshaped: RWAs https://t.co/sxgSpLjKPJ ...

Numbers and Narratives: An Evaluation Framework For Crypto Liquidity https://t.co/Ii9W51SmjI ...

#Stablecoins are quietly becoming the backbone of crypto liquidity. Will they eventually replace traditional bank reserves? 💵 ...

#Stablecoins are quietly becoming the backbone of crypto liquidity. Will they eventually replace traditional bank reserves? 💵 ...