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Crypto

BitMine buys 7,430 ether in a week, holds 4.8 percent of circulating supply

BitMine increased its ether holdings to 5.78 million tokens, securing 4.8 percent of total circulating supply. Over the past week it added 7,430 ether, moving closer to its goal of accumulating 5 percent of circulating supply. About 4.9 million ether, or roughly 85 percent of its holdings, are staked. The company listed total assets of $11.5 billion, including 207 bitcoin and $385 million in cash and marketable securities.

Crypto

MegaETH to end Megamafia accelerator after two years

Ethereum layer2 project MegaETH will end its flagship accelerator program, Megamafia, after two years and two cohorts. Core team member Shuyao Kong said the program was successful in many ways, but assumptions made when it was designed are no longer valid. About 20 teams were supported and raised about $80 million from pre-seed to Series A, MegaETH said. Kong said much of the value did not flow back to MegaETH and most successful projects no longer develop with it.

Crypto

Optimism steps up Korea push, unveils ties with Dunamu, Toss and DB Financial Investment

Blockchain infrastructure company Optimism said it is stepping up its business in South Korea, disclosing partnerships with Dunamu’s GIWA blockchain, fintech firm Toss and DB Financial Investment. It plans to expand on-chain finance infrastructure for local financial institutions, fintech and digital asset companies through OP Enterprise. The firm said it has signed memorandums of understanding with Dunamu and Toss and will cooperate with DB Financial Investment on STO and RWA projects linked to Jeju.