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The Vienna-based crypto broker eyes emerging markets, teaming up with institutions rather than competing with local exchanges, said Vishal Sacheendran, VP of global markets strategy and operations.
The Ethereum Foundation said Saturday that it sold 5,000 ETH for approximately $10.2 million to Tom Lee's BitMine Immersion Technologies.
The deal is the EF's second known OTC sale to a corporate buyer, following a 10,000 ETH sale to SharpLink Gaming in July 2025.
Johnson said that he could understand why gold and Pokémon cards have investment appeal but not Bitcoin, which he characterized as a scam.
Other major business events across the UAE, such as Middle East Energy Dubai and the Dubai International Boat Show, have also been postponed or delayed.
The funds will support the EF's core operations, including protocol R&D and ecosystem grants, as part of a treasury strategy to balance ETH and fiat-like assets.
BTC faces bull trap risks due to the formation of a bear flag pattern, with a measured downside target at around $51,000.
The cryptocurrency community pushed back, with Michael Saylor saying Bitcoin has no issuer, promoter, or guaranteed return, and is instead driven by code and market demand.
Eddy Alexandre, who pleaded guilty to commodities fraud in 2023, is currently serving out a nine-year prison sentence
Exchanges are racing toward blockchain-based equities and 24/7 trading. Institutions, however, fear liquidity and funding risks.
They argue the tax would be illegal, violating Brazil's Constitution and Virtual Assets Law, as stablecoins are not considered fiat currency.
Twenty million Bitcoin mined. One million left. The miners who got us here might not be around for the finish.
