Aadi 11

Lee urged BitMine shareholders to increase authorized shares from 500 million to 50 billion.
$ETH The move will enable the company to conduct capital market activities, take advantage of opportunistic deals and accommodate future share splits.
BitMine holds over 4.11 million ETH, worth about $12.8 billion.
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Chairman of Ethereum treasury BitMine Immersion, Thomas 'Tom' Lee, is seeking support to increase the firm's authorised shares ahead of its annual shareholders' vote.

In his first Chairman's message of 2026, Lee urged shareholders to approve the board's proposal to expand the company's total authorized shares from 500 million to 50 billion.

"This doesn't mean we're issuing 50 billion shares. That's what we want the total max shares to be," said Lee.

He noted that the move will enable the company to continue conducting capital market activities such as at-the-market (ATM) offerings, convertible note issuances and warrants. Additionally, it will create room for opportunistic deals, such as mergers and acquisitions.

Future share splits key reason for the increase
Most importantly, Lee emphasized that the increase is required to accommodate future share splits. Since pivoting to an ETH treasury in July, Lee highlighted that BMNR share price has closely tracked ETH's price.

If Ethereum (ETH) continues to trade at its 8-year average relative to Bitcoin (BTC), and the trend of tokenization continues to grow, the leading altcoin could rise to $250,000 if BTC reaches $1 million, according to Lee. This would make shares pricey for the public if BMNR maintains its correlation with ETH.

Shareholders have until 14 January to vote on the proposal, after which BitMine will hold its annual shareholders meeting on 15 January in Las Vegas.

BitMine holds over 4.11 million ETH, worth about $12.8 billion at the time of publication. The firm recently began staking portions of its assets, deploying 408,627 ETH across three staking providers.

BMNR closed at $31.19, up 14% on Friday.

Overture from Ministry of Defence Export Center comes as heavily sanctioned states turn to digital assets

Iran is offering to sell advanced weapons systems including ballistic missiles, drones and warships to foreign governments for cryptocurrency, in an attempt to use digital assets to bypass western financial controls.

Iran’s Ministry of Defence Export Center, known as Mindex, says it is prepared to negotiate military contracts that allow payment in digital currencies, as well as through barter arrangements and Iranian rials, according to promotional documents and payment terms analysed by the Financial Times.

The offer, introduced during the past year, appears to mark one of the first known instances in which a nation state has publicly indicated its willingness to accept cryptocurrency as payment for the export of strategic military hardware.

Mindex, a state-run body responsible for Iran’s overseas defence sales, says it has client relationships with 35 countries and advertises a catalogue of weapons that includes Emad ballistic missiles, Shahed drones, Shahid Soleimani-class warships and short-range air defence systems.

Mindex say buyers must agree to conditions about how weapons would be used “during a war with another country”, although it adds such terms are “negotiable between the contracting parties”.

“It should be noted that, given the general policies of the Islamic Republic of Iran regarding circumvention of sanctions, there is no problem in implementing the contract,” the response says. “Your purchased product will reach you as soon as possible.”

While prices are not publicly listed, the site says payment can also be arranged in the destination country and offers in-person inspection of goods in Iran, “subject to approval from security authorities”.

The move comes amid growing evidence that countries facing extensive US and European sanctions are using cryptocurrency and other alternative financial channels to sustain trade in sensitive goods.

Washington has taken action against Russian entities for using cryptocurrencies to evade western sanctions.

Iran’s Majid short-range air defence system © Mindex
Parties paying Iran using conventional finance risk being blocked from western-based financial systems as a result of US, EU and UK sanctions.

US authorities have previously accused Iran of using digital assets to facilitate oil sales and move hundreds of millions of dollars outside the formal banking system.

In September, the US Treasury imposed sanctions on individuals it said were linked to Iran’s Revolutionary Guards for operating a “shadow banking” network that used cryptocurrencies to process payments on behalf of Tehran.

The disclosures also come as western powers seek to tighten pressure on Tehran over its nuclear programme. In August, Britain, France and Germany triggered a UN mechanism to reimpose international sanctions on Iran after diplomatic efforts to revive negotiations with the US collapsed.

Iran ranked 18th in the world for major arms exports in 2024, behind Norway and Australia, according to the Stockholm Institute for Peace Research.

The Atlantic Council said in 2024 Iran was well positioned to benefit from Russia’s inability to export the same level
of arms as it did before as a result of its invasion of Ukraine.$XRP
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Asad Umar raises questions over the selection process
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The government has signed a $2 billion real-world asset tokenisation agreement with Binance Investments, one of the world’s leading blockchain and digital asset technology companies, marking Pakistan’s first formal step into blockchain-based distribution of sovereign assets. However, questions have emerged over the transparency of the selection process and the absence of leading global asset tokenisation players in the initiative.
The concerns were raised by Asad Umar, former finance minister, in a post on the social media platform X, on Saturday.
“A real-world asset tokenisation agreement worth $2 billion was signed between GOP and Binance. What process was used to select Binance? It is neither a major player in asset tokenisation globally nor carries a high level of credibility for this task,” wrote Umar.
The former finance minister questioned the incumbent government, whether the leading global players in asset tokenisation, including BlackRock, UBS, Goldman Sachs, JP Morgan, and HSBC, were invited to participate in the process.
“This is Pakistan’s entry into digital tokenisation and the first transaction will establish credibility and long-term success,” said Umar, stressing that it’s essential that decision-making is done through a transparent process.
The Ministry of Finance on Friday signed a Memorandum of Understanding (MoU) with Binance Investments Co., Ltd. The MoU was signed at the Finance Division by Federal Minister for Finance and Revenue, Muhammad Aurangzeb, and Richard Teng, CEO of Binance, in the presence of Changpeng Zhao (CZ), Adviser to the Pakistan Crypto Council.
The MoU establishes a framework for exploring potential collaboration on the tokenisation and blockchain-based distribution of Pakistan’s real-world and sovereign assets, including government bonds, treasury bills, commodity reserves, and other federally owned assets.
Subject to applicable laws, policies, and regulatory approvals, the initiative may involve assets of up to $2 billion to enhance liquidity, transparency, and international market accessibility.$XRP $SOL

ISLAMABAD: Pakistani financial-technology platform JazzCash has signed a memorandum of understanding with global cryptocurrency exchange Binance in the United Arab Emirates to explore cooperation on virtual-asset use and education in Pakistan, the company said on Wednesday.
The agreement sets a framework for discussions on awareness campaigns and future digital-asset products that would comply with Pakistan’s emerging crypto regulations. The move signals growing engagement between global blockchain companies and Pakistani fintechs as authorities shift toward formal licensing of the sector.
Pakistan has spent the past year drafting rules to regulate the fast-expanding market for digital coins and tokens, requiring virtual-asset service providers to obtain government approval. Officials say the transition is aimed at curbing money-laundering and terror financing risks, boosting transparency and encouraging responsible innovation.
“JazzCash has always championed technologies that expand financial access while promoting secure and inclusive participation in the digital economy," JazzCash Chief Executive Officer Murtaza Ali said. 
“By entering into this exploratory MoU with Binance, we are advancing our efforts to understand how global digital-asset trends can support Pakistan’s evolving regulatory landscape. We aim to engage responsibly, support regulatory progress, and advance opportunities that build trust, transparency and innovation for our customers.”
The MoU does not establish a commercial partnership, but marks one of the most high-profile engagements between Pakistan’s fintech sector and a global crypto exchange as the country moves toward regulated digital-asset adoption.
Binance welcomed the cooperation, framing it as part of Pakistan’s shift toward regulated digital-asset activity.
"With regulatory frameworks like [Pakistan Virtual Assets Regulatory Authority] PVARA paving the way, this collaboration represents a significant step toward expanding financial inclusion and empowering more people to access the benefits of blockchain technology in a secure and compliant environment," Binance Chief Marketing Officer Rachel Conlan said.
Earlier this month, Binance executives met Pakistani finance officials to discuss digital-payments reform, blockchain-skills training and the potential for Web3-linked jobs. Pakistan also set up the Pakistan Crypto Council and formed PVARA this year to license and supervise crypto-asset service providers.$XRP $ETH $BNB
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$BTC Bitcoin’s recent surge toward $91K has traders buzzing with excitment and some are already anticipating the start of next bullish leg, but the charts tell a different story. ProShares Bitcoin ETF (BITO) is flashing signs of weakness, with a potential retracement toward the $10.10 zone. In Elliott Wave terms, this suggests BTCUSD may still be consolidating in a corrective phase rather than gearing up for the next impulsive leg higher. Understanding these signals is critical for traders who want to avoid chasing momentum at the wrong time.
BITO bearish sequence points toward $10.10
The ProShares Bitcoin ETF (BITO) completed its cycle from the November 2022 low back in March 2024. Since peaking in March 2024, the ETF has been trending lower, carving out what appears to be an incomplete bearish sequence against the December 2024 and May 2025 highs. This structure suggests that short-term bounces are likely to fail, reinforcing the case for further downside. The key level to watch is $10.10, which represents the 100% Fibonacci extension of the first leg down from the March 2024 peak, projected lower from the December 2024 peak. In Elliott Wave terms, this aligns with a corrective sequence that has yet to fully play out. Traders should be cautious about chasing rallies here, as the broader cycle bias favors continuation lower before any sustainable reversal can take shape.

BITO’s chart suggests Bitcoin correction not over yet
This chart highlights how closely Bitcoin ($BTCUSD) tracked BITO (ProShares Bitcoin ETF) from the November 2022 low to the March 2024 high. While the two assets appear to diverge after March 2024, a closer inspection reveals that Bitcoin continued to follow BITO’s directional path, albeit with a different magnitude of swings. This divergence in amplitude allowed Bitcoin to extend its rally all the way to the October 2025 high, even as BITO began its corrective phase. The recent decline in Bitcoin suggests that it has now completed its cycle from the November 2022 low, and is entering a broader corrective phase. Importantly, this correction is expected to persist until BITO reaches its extreme area near $10.10—a level derived from the 100% Fibonacci extension of the first leg down from the March 2024 peak, projected from the December 2024 peak.
Bitcoin bulls, hold your horses—BITO’s chart has other plans

Solana’s correction in focus
SOLANA’s weekly chart shows the cryptocurrency is still unwinding the cycle that began in December 2022. As far as price stays below September 2025 peak, all signs are pointing toward further weakness with rallies likely to remain short-lived. The next extreme area lies beween $52.69–$7.79 , where buyers are expected to step back in. This downside target should align with BITO reaching its $10.10 extreme area, suggesting that major crypto instruments could bottom together before starting a new bullish phase.
The charts and path is clear: BITO, Bitcoin, and Solana are all signaling that the crypto market is still in a corrective phase, with extreme areas yet to be tested. For traders, this is not the time to chase rallies but to prepare for the opportunities that will emerge once these levels are reached. Staying patient now can make all the difference when the next impulsive cycle begins.#BTCVSGOLD $SOL

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