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Crypto

Artificial gold progress renews scarcity debate as bitcoin advantage argument emerges

An argument has emerged that bitcoin could hold a clearer advantage over gold as technology advances to produce artificial gold. Market analyst Jesse Eckel said gold’s scarcity could be shaken if artificial gold production develops, while bitcoin differs structurally because its supply is capped. The comments followed a Marathon Fusion announcement that it succeeded in converting mercury into gold in an experiment. Commercial mass production of artificial gold remains distant, the report said.

Crypto

BitMine buys 12,535 more ether, holds 4.9% of total supply

BitMine Immersion Technologies bought an additional 12,535 ether, lifting its total holdings to 6,041,481. The company’s stake is about 4.9% of the 122.1 million ether in total supply, putting it about 99% of the way to its stated goal of reaching 5%. The purchase was worth about $30 million. BitMine values its ether holdings at about $14.3 billion and says total assets were $15.1 billion as of Oct. 18.

Crypto

Bitmine buys 12,532 more ether, nears 5 percent of supply

Bitmine Immersion Technologies bought an additional 12,532 ether over the past week, bringing its holdings to 6,028,946 ether, or 4.9 percent of total ether supply of 122.1 million, Cryptopolitan reported. The company’s target is 6,105,000 ether, leaving it 76,054 short. Chairman Tom Lee put the remaining gap at about 100,000 ETH. The company has been buying weekly since starting its ether treasury strategy on June 30, 2025.