Core Insights - Bitmine has announced its total crypto and cash holdings amounting to $13.2 billion, which includes 4.11 million ETH tokens and $1.0 billion in cash [1][2] - The company holds 3.41% of the total ETH supply, which is 120.7 million ETH, and aims to reach 5% of the ETH supply [1][2] - Bitmine's annual shareholders meeting is scheduled for January 15, 2026, at Wynn Las Vegas, where shareholders are encouraged to vote on four key proposals [4][9] Financial Performance - As of December 28, 2025, Bitmine's crypto holdings include 4,110,525 ETH valued at $2,948 per ETH, 192 BTC, and a $23 million stake in Eightco Holdings [2] - The total staked ETH is 408,627, valued at approximately $1.2 billion, with a composite Ethereum staking rate (CESR) of 2.81% [5] - If fully staked, Bitmine's ETH could generate annual staking fees of $374 million, equating to over $1 million per day [5] Market Position - Bitmine is ranked as the 1 Ethereum treasury and 2 global treasury, following Strategy Inc. [6] - The company is the largest ETH treasury in the world and has a significant trading volume, averaging $980 million per day, making it the 46th most traded stock in the U.S. [8] Strategic Initiatives - Bitmine is working with three staking providers to launch its Made in America Validator Network (MAVAN) in 2026, which aims to provide a secure staking infrastructure [5][6] - The company emphasizes shareholder value creation through ETH acquisition, optimizing returns on ETH holdings, and strategic investments in "moonshots" [4] Shareholder Engagement - The upcoming annual meeting will address the election of eight directors, an increase in authorized common shares, approval of the Omnibus Incentive Plan 2025, and a performance-based compensation plan for the executive chairman [9]

Core Insights - Coinbase has launched staking services for New York residents, enabling them to earn yields on Ethereum and Solana holdings for the first time, following state regulatory approval [1] - The decision marks a significant policy shift that may influence other states, as New York joins a shrinking list of states where staking remains restricted [2] Regulatory Landscape - Coinbase estimates that residents in California, New Jersey, Maryland, and Wisconsin have collectively missed over $130 million in staking rewards due to ongoing state-level bans [2] - The company has maintained that staking as a service does not constitute a security, supported by recent SEC staff guidance and dismissals of multiple state cases [3] - Chief legal officer Paul Grewal has called for federal legislation to address the inconsistent state-by-state enforcement actions [4] Legal Developments - Ten state regulatory bodies have engaged in enforcement actions, with only four requiring Coinbase to suspend new staking deposits during legal proceedings [5] - New Jersey and Washington State's cases remain active, indicating unresolved legal issues, while South Carolina has introduced the Strategic Digital Assets Reserve Act, proposing to allocate up to 10% of certain funds into cryptocurrencies [6]

Group 1 - eToro has launched cryptocurrency staking services for US customers starting on September 29, initially supporting Ethereum, Cardano, and Solana, with plans for more services in the future [1] - The staking rewards range from 45% to 90% across six tiers: Bronze (45%), Silver (55%), Gold (65%), Platinum (75%), Platinum+ (85%), and Diamond (90%) [2] - eToro went public on the Nasdaq on May 14, 2025, with an initial trading price of approximately $59.20, reaching an all-time high of $66.59 in late June, and is currently trading at $41.86 as of September 29 [3] Group 2 - Gemini cryptocurrency exchange began offering staking services in the European Union on September 5, following its MiCA compliance certification [4] - Gemini also introduced trading of perpetual contracts for the USD-pegged stablecoin USDC, marking a significant milestone in its EU expansion efforts [5] - Canary Capital Group is planning to launch a spot Solana exchange-traded fund (ETF) and submitted an update to its SEC proposal on September 26, potentially becoming one of the first to integrate staking into a spot crypto ETF in the US [6]