At this time in crypto: BitMine staked ETH crosses 1 million milestone, CryptoQuant founder Ki Younger Ju has criticized X for suppressing crypto-related posts. In the meantime, Jan3 founder Samson Mow shares his 5 Bitcoin predictions for 2026.
BitMine staked ETH crosses 1 million milestone
The biggest Ether (ETH) treasury firm, BitMine, reached a milestone on Saturday, after its complete quantity of staked ETH crossed 1 million.
BitMine staked 86,400 ETH, valued at about $268.7 million on the time of publication, in 4 separate transactions, in line with information from Arkham Intelligence.
The most recent batch brings BitMine’s complete to 1,080,512 staked ETH, onchain evaluation platform Lookonchain mentioned.
The corporate will generate about $94.4 million in further ETH yearly at present staking charges, in line with market analyst Nic Puckrin.
CryptoQuant founder slams X for penalizing crypto content material as a substitute of bots
CryptoQuant founder Ki Younger Ju has criticized X for suppressing crypto-related posts whereas failing to rein in a surge of automated spam, arguing that the platform is punishing respectable customers as a substitute of addressing the underlying bot drawback.
In a Sunday submit on X, Ju pointed to a pointy spike in automated exercise tied to the key phrase “crypto,” citing information displaying greater than 7.7 million posts generated in a single day, a rise of over 1,200% in contrast with prior ranges. In response to Ju, the flood of low-quality content material has triggered algorithmic crackdowns that additionally have an effect on real crypto accounts.
“As AI advances, bots are inevitable,” Ju wrote, including that X’s incapability to differentiate automated accounts from people is the true subject. He additionally criticized the platform’s paid verification system, saying it has failed as a filtering software and now permits bots to “pay to spam,” whereas genuine customers see their attain lowered.
“It’s absurd that X would quite ban crypto than enhance its bot detection,” Ju wrote.
Samson Mow ideas Elon Musk will ‘go laborious’ into Bitcoin in 2026
Jan3 founder Samson Mow anticipates billionaire investor and Tesla CEO Elon Musk will aggressively transfer into Bitcoin in 2026.
It was one in all 5 daring Bitcoin predictions from Mow for 2026, coming off a 12 months the place a number of Bitcoin forecasts from distinguished crypto executives missed the mark.
“@elonmusk goes laborious into BTC,” Mow mentioned in an X submit on Saturday.
Musk has proven his assist for cryptocurrency over time, however has raised issues round Bitcoin’s environmental dangers. Tesla stopped taking Bitcoin funds in Might 2021 on account of environmental issues. The next 12 months, in July 2022, the electrical car producer revealed that it had bought 75% of its Bitcoin holdings.