Crypto Entrepreneur. 10 years TA FA. Founder of CryptoPatel. Alpha Hunter. SMC and ICT Trader. Sharing 10x Gems, X: CryptoPatel, Pro Setups, Market Trends 🚀
U.S. BITCOIN ETFs SOLD ~1,825 BTC Worth $113.78M 🇺🇸 BlackRock ETF Has SOLD ~2,920 BTC for $182M And 52,950 ETH for $87.78M 🇺🇸 Fidelity ETF Has BOUGHT ~370 BTC for $23.04M And 9,470 ETH for $15.69M 🇺🇸 Grayscale ETF Has SOLD ~6,190 BTC for $10.27M 🇺🇸 ARK 21Shares ETF Has BOUGHT 497 BTC for $30.98M 🇺🇸 VanEck ETF Has BOUGHT 85 BTC for $5.28M 🇺🇸 Morgan Stanley ETF Has BOUGHT 143 BTC for $8.92M
Fact: U.S. Spot Bitcoin ETFs SOLD Nearly 4 Days Mined BITCOIN Supply Yesterday.
🇺🇸 CLARITY Act: Law Enforcement Pushes Back On Section 604
Four US Law Enforcement Groups (70,000+ Members) Sent A Letter To Acting AG Blanche And WH Adviser Witt. Concerns Remain Unresolved. Flagged By Eleanor Terrett.
The Issue: Section 604 Says Non-Controlling Developers Are Not Money Transmitters. Law Enforcement Warns This Could Create Oversight Gaps And Exempt Some From KYC/AML.
The Nuance Most Miss: It Only Narrows Regulatory Classification, Not Criminal Liability. Knowingly Moving Criminal Funds Is Still Prosecutable. TRM Labs Confirmed This.
Why It Matters: Senators Warner And Cortez Masto Tied Their Support To Law Enforcement Sign-Off. Polymarket Odds For 2026 Passage Now ~48%, Down From 74% A Month Ago.
Writing Code Is Not Money Transmission. Moving Criminal Money Is Still A Crime. That Distinction Is The Whole Debate.
Tom Lee’s Bitmine Immersion Technologies Bought Another 52,203 $ETH Last Week ($90M) And Now Holds 5,672,956 ETH ($9.8B)
$BMNR Total Holdings: ➤ 5,672,956 Ethereum (~$9.8B) ➤ 4,718,677 ETH Staked (~$8.2B), 83%+ Of Holdings ➤ 205 BTC ➤ $601M Cash & Marketable Securities ➤ $284M In “Moonshot” Investments (Beast Industries + Eightco) Total Crypto + Cash + Securities + Moonshots: ~$10.7 Billion
Key Highlights: ➤ Owns 4.7% Of Ethereum’s Total Supply ➤ $223M–$268M Projected Annual Staking Revenue ➤ 94% Progress Toward The 5% ETH Supply Goal ➤ Largest Ethereum Treasury In The World ➤ #2 Largest Crypto Treasury Globally After $MSTR ➤ ~$717M Average Daily Trading Volume ➤ Ranked #219 Most Traded Stock In The US ➤ Named To Fortune Crypto 100 List For 2026
Bitmine Is Now Just ~362,000 ETH Away From Reaching Its Ambitious Goal Of Owning 5% Of Ethereum’s Entire Supply.
A Japanese Corporate Pension Fund (Okayama, ¥21.3B AUM) Will Allocate ~1% To Crypto From FY2026, Via A Passive Multi-Asset Fund, Not Direct Buys.
The Goal: Currency-Risk Diversification, Citing US Dollar Concerns And BTC's Low Dollar Correlation.
Note: This Is NOT GPIF. A Small SME Fund, Significant As A Precedent, Not As Flow. The Real Signal Is Conservative Institutions Warming To Crypto As Japan Moves It Under Securities Law.
$MSUSD Depegs After Accountable Pulls Verification
🔹 Down ~95% In 24h (Near $1 → ~$0.05 Low) 🔹 Trigger: Accountable Terminated Its Proof-Of-Reserves Agreement With Main_St_Finance On June 20, Citing Failure To Meet Verification Standards 🔹 No Exploit. Just A Confidence Break. Once The Verifier Walked, The Market Couldn't Price The Backing.
Lesson: A Stablecoin Leaning On A Single External Verifier Inherits That Verifier's Exit Risk.
🇺🇸 Illinois Becomes First US State To Tax Crypto Transactions
Governor Pritzker signed the Digital Asset Tax Act into law. A 0.2% tax now applies to crypto transaction value, not your profits. You pay even on a loss.
Effective: January 1, 2027
Who Collects It: Exchanges, custodians and wallet providers serving Illinois users ($100K+ receipts) must register and collect the tax as a separate line on your bill.
The "Own Wallet" Confusion: Exchange to your cold wallet (withdrawal): likely taxed, a broker is involved Your MetaMask to your Ledger (no broker): broad wording, but no one to collect, so hard to enforce
What's Next: Legislature is out of session. A fall veto or a legal challenge are the most likely paths to change it. Industry groups call it the most punitive digital asset tax in the country.