crypto

Yaël Bizouati-Kennedy7/16/25

Peter Thiel’s fund reveals 9.1% stake in BitMine, shares explode higher

Peter Thiel’s Founders Fund bought a 9.1% stake in BitMine Immersion Technologies, according to SEC filings, a major vote of confidence in the crypto mining and (newly launched) ethereum treasury company from the billionaire cofounder of PayPal and Palantir.

Shares are soaring 17% in premarket trading on the news, bringing year-to-date gains to the cusp of 500%.

Earlier this week, BitMine announced that its ethereum holdings exceeded $500 million, totaling 163,142 ethereum, following the closing of its $250 million private placement.

“We are pleased that we added significantly to our ETH treasury just 3 days after closing our private placement,” Jonathan Bates, BitMine Immersion Technologies CEO, said in the press release. “Clearly, Wall Street is getting ‘ETH-pilled.’”

On June 30, BitMine announced the launch of its ethereum treasury and named Tom Lee, founder of Fundstrat and CIO of Fundstrat Capital, chairman of the board of directors, propelling the stock up 400%.

Ethereum has also been on a roll, outpacing bitcoin in the past 24 hours.

“Seeing ethereum breaking out above $3,100 during a bitcoin rally isn’t just market noise — we are finally seeing the cyclical shift in bitcoin dominance that signals the start of ETH’s outperformance. And the most promising part is that this growth is, maybe for the first time, not fueled by hype, but by tangible institutional behavior,” Kevin Rusher, founder of real-world asset borrowing and lending ecosystem RAAC, told Sherwood News.

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Yaël Bizouati-Kennedy

Bitcoin tumbles toward $65,000 as crypto may be “forced to go through a painful metamorphosis”

The AI trade is “sucking all the oxygen out of the room,” one analyst wrote.

ITALY-BITCOIN-COMPRO-EURO-CRYPTOCURRENCY

crypto

Sage D. Young6/2/26

Solana falls to a more than 3-month low

The price of solana has been struggling, dipping below $76 briefly on Tuesday, a level not seen since February.

Despite the underlying asset suffering, solana ETFs saw $115 million of inflows in May, the highest monthly figure in 2026, data from SoSoValue shows. The investment vehicles have brought in a total of $1.1 billion since their inception last year and have yet to record a monthly outflow.

However, positive ETF flows haven’t swayed traders, who are increasingly negative: prediction market-implied odds of solana dropping under $60 in the year stand at 60%, an increase from 45% three weeks ago.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

"ETF flows for Solana have been positive but relatively small, so they currently only have a marginal effect on the overall price discovery for SOL," according to Carlos Guzman, research analyst at crypto trading firm GSR.

"Solana has been caught up in the broader crypto market weakness, where, outside of a few sectors that have attracted interest of late, including perpetual exchanges, privacy, and AI, most crypto token performance has been sluggish," Guzman told Sherwood News. "The meme coin narrative that drove interest in SOL in late 2024 and early 2025 has largely subsided, so the token has found itself outside of the current zeitgeist."

Meanwhile, former presidential candidate Andrew Yang’s Noble Mobile announced on Tuesday that it acquired Helium Mobile, a wireless carrier that runs on the solana blockchain. The two companies both declined to disclose the deal’s financial details, according to a report from Fortune.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

"ETF flows for Solana have been positive but relatively small, so they currently only have a marginal effect on the overall price discovery for SOL," according to Carlos Guzman, research analyst at crypto trading firm GSR.

"Solana has been caught up in the broader crypto market weakness, where, outside of a few sectors that have attracted interest of late, including perpetual exchanges, privacy, and AI, most crypto token performance has been sluggish," Guzman told Sherwood News. "The meme coin narrative that drove interest in SOL in late 2024 and early 2025 has largely subsided, so the token has found itself outside of the current zeitgeist."

Meanwhile, former presidential candidate Andrew Yang’s Noble Mobile announced on Tuesday that it acquired Helium Mobile, a wireless carrier that runs on the solana blockchain. The two companies both declined to disclose the deal’s financial details, according to a report from Fortune.

Yaël Bizouati-Kennedy

Bitcoin falls below $68,000 as bitcoin ETFs hit record losing streak

Strategy’s sale of 32 bitcoin may be small in number but it’s big in impact on market sentiment.

Bitcoin ATM Machine

Money

HYPE notches all-time high, and its treasury companies are the only profitable ones

Hyperliquid Strategies and Hyperion DeFi, two firms focused on accumulating HYPE, are currently the only digital asset treasury companies with gains.

Sage D. Young6/1/26

Yaël Bizouati-Kennedy

Bitcoin closed May in the red. Will June be doom and gloom?

May was bad, but June is historically worse for bitcoin’s performance

A Bitcoin symbol displayed outside a Bitcoin ATM, on November 20, 2024 in Krakow, Poland.

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