Texas Builds First State Bitcoin Reserve

Key takeaways Texas became the first US state to add Bitcoin exposure to a state-managed investment portfolio by purchasing about $5 million of BlackRock’s IBIT ETF through its newly created Texas Strategic Bitcoin Reserve. SB 21 shifted Texas from a crypto mining hub to an active digital asset investor. The bill authorizes the state comptroller…

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Will ETH Continue to Decline in December?

Ethereum’s native token, Ether (ETH), extended its downturn into December after falling roughly 30% over the past three months, raising worries about how much further the sell-off could run by year’s end. Key takeaways: ETH could slide toward $2,500–$2,200 if MVRV support and the pennant break down. A potential falling wedge breakout keeps bulls’ hopes…

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BitMine Buys $70 million In ETH In 3 Days, Betting Big on Ethereum’s Future

BitMine Immersion Technologies has acquired another 23,773 Ether over the past three days amid the current market slump, as its chairman pushed back his prediction on Bitcoin’s all-time high. According to an X post by the crypto data analytics platform Lookonchain, Bitmine purchased 7,080 Ether (ETH) for approximately $19.8 million on Monday. Source: Lookonchain The…

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Developers Propose Secret Santa Protocol For Ethereum

Ethereum researchers are working on ways to deploy a protocol they first introduced earlier this year, which could supercharge privacy with zero-knowledge proofs. Ethereum developer Artem Chystiakov shared his research on the Ethereum community forum on Monday, titled “Zero Knowledge Secret Santa (ZKSS),” which proposes a three-step “Secret Santa” algorithm. The paper was first introduced…

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