The largest Ethereum company, Bitmine, purchased a total of 10,452 ETH last week. The company also conducted a $2 million share repurchase. Under the leadership of Tom Lee, the firm now holds over 6 million ETH in total.

The a16z Crypto fund, part of venture capital firm Andreessen Horowitz and having invested billions of dollars in crypto startups to date, is preparing to remove the word “crypto” from its name. According to The Information, the fund plans to expand its investment scope beyond the crypto sector. Additionally, one of the founding team members is expected to depart.

Last summer, the U.S. Office of the Comptroller of the Currency (OCC) issued its final rulemaking, effectively bringing into force the stablecoin law passed by Congress. Companies and other regulatory bodies have a 120-day transition period to adapt to the new system. The Genius Law is expected to be fully in effect by February 2027.

Following reports that Pakistan’s Chief of Army Staff’s peace offer to Iran had been endorsed by the U.S., Bitcoin surged above $83,000 within minutes. After the news, Brent crude oil dropped below $110.

The largest Ether company, Bitmine, purchased 15,112 ETH last week, increasing its total Ether holdings to 6.02 million.

Amin Hassan Nasser, CEO of the world’s largest oil company, Aramco: 🔸 Pressure in the oil market will worsen until the Strait of Hormuz reopens. 🔸 Global strategic reserve releases provide temporary relief to markets. 🔸 It could take two years to replenish global reserves after the Strait of Hormuz reopens.

Last week, Bitmine, the largest Ether company, purchased 17,362 ETH. With these purchases, the company’s total Ether holdings have now surpassed 6 million.

Another Bitcoin treasury company, Strive, announced the purchase of 1,107 BTC last week, paying $94.5 million for the acquisitions. The company’s total BTC holdings now amount to 27,462 BTC.

The strategy company purchased 1,666 Bitcoin last week.

Warsh: We must ensure that inflation is moving toward its 2% target.