Analysis of global cryptocurrency news and events.
Bitmine Immersion Technologies reported a net loss of $6.3 billion for the fiscal year ending August 2026 due to the decline in Ethereum prices, with unrealized losses on its books totaling $6.2 billion. The company holds 6.07 million Ether, accounting for 4.97% of the global supply, with staking income serving as its primary revenue source.
U.S. spot Bitcoin ETFs saw cumulative net outflows of $1.6 billion in November, as investors turned to equity ETFs to buy the dip. Over the past five days, U.S. stock ETFs have attracted an average of $1.2 billion daily, with the top 17 funds by net inflows all being equity-based. The BlackRock iShares Bitcoin Trust has recorded net outflows for eight consecutive days, reflecting extreme pessimism in the Bitcoin market.
The U.S. SEC initiated 348 enforcement actions in fiscal year 2026, a 23.7% decline from the previous year and the lowest number since 1991. Crypto-related cases were a key focus, covering mining scams, trading platform violations, and audit failures at FTX.