[News Brief] Jun 22, morning | BitMine Immersion Technologies purchases an additional 52,203 ETH

BitMine Immersion Technologies purchases an additional 52,203 ETH

BitMine Immersion Technologies announced that it purchased an additional 52,203 ETH last week, increasing its total holdings to 5,672,956 ETH.

According to its disclosure, as of June 21, BitMine’s Ethereum holdings accounted for about 4.7% of the total supply. The company is pursuing a “5% ETH reserve” strategy.

The total value of BitMine’s crypto assets, cash, and other investment assets was estimated at approximately $10.7 billion. Of its ETH holdings, 4,719,000 ETH are staked, representing more than 83% of the total.

The company estimated its annual staking yield at about $223 million. The additional purchase comes amid a broader trend of expanding corporate Ethereum reserves.

U.S.-Iran talks continue, overnight negotiations underway in Switzerland

Negotiations between the United States and Iran are continuing in Switzerland, with the U.S. delegation expected to work through the night.

According to Odaily, a senior U.S. diplomatic official involved in the talks said the Iranian delegation remains on site, while the U.S. side, including Vice President Vance, continues meetings and negotiations with Iran.

The Iranian delegation had previously suspended talks temporarily in protest of President Trump’s threatening remarks toward Iran. Whether the talks continue could affect geopolitical tensions in the Middle East and sentiment toward global risk assets.

Franklin Templeton completes acquisition of 250 Digital and launches Franklin Crypto

Franklin Templeton has completed its acquisition of digital asset investment manager 250 Digital and launched Franklin Crypto, a dedicated active digital asset management division, according to PANews.

The deal includes the full 250 Digital team and the liquid cryptocurrency strategies previously managed by CoinFund. Franklin Templeton also plans to invest its own capital in related products.

Franklin Crypto will be led by Christopher Perkins, with Seth Ginns serving as chief investment officer. Tony Pecore of Franklin Templeton’s digital assets investment team will also join the shared leadership structure.

The company plans to offer active cryptocurrency investment strategies for institutional investors based on its existing digital asset research and risk management framework.

Strive Asset Management buys an additional 759 BTC

Strive Asset Management purchased an additional 759 BTC for about $50 million, according to PANews.

According to Strive CEO Matt Cole, the average purchase price was about $65,850 per BTC. With this purchase, Strive’s total Bitcoin holdings rose to 19,864 BTC, valued at about $1.254 billion as of the June 18 closing price.

Short-term Bitcoin holders moved more than 80,000 BTC to Binance over the past 7 days

CryptoQuant analyst Darkfost said short-term Bitcoin holders sent more than 80,000 BTC to Binance over the past seven days.

This represents roughly $5 billion in potential selling pressure, as Bitcoin retested the $60,000 support level following a recent correction, prompting stronger selling responses from short-term holders.

Darkfost explained that short-term holders tend to be highly sensitive to market volatility and are more likely to make emotional decisions during sharp price swings.

USDC Treasury mints an additional 250 million USDC on Solana

USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.

PANews, citing Whale Alert monitoring, reported that the mint occurred at 5:26 p.m. Beijing time on June 22. As a dollar-pegged stablecoin, additional USDC issuance is closely watched by the market for its implications for on-chain liquidity supply.

BTC breaks above $65,000

PANews, citing OKX market data, reported that BTC has surpassed $65,000.

BTC is currently trading at $65,050.20, up 1.29% on the day.

In the crypto market, whether major coins can sustain this short-term rebound remains a key focus for investors.

2,499 BTC transferred from Binance to an unknown wallet

According to Whale Alert, 2,499 BTC were transferred from Binance to an unknown wallet.

The transfer was worth about $163.3 million. As a large Bitcoin movement off an exchange, the market is watching whether it reflects custody-related withdrawals or possible institutional transfers.

942 BTC transferred from an unknown wallet to Coinbase Institutional

According to Whale Alert, 942 BTC were transferred from an unknown wallet to Coinbase Institutional.

The transfer was worth about $61.53 million. Large movements to exchange or institutional custody addresses may be interpreted as potential selling activity or asset custody transfers.

South Korea’s Financial Services Commission seeks to expand regulatory sandbox to cover the Virtual Asset User Protection Act

South Korea’s Financial Services Commission is reportedly seeking to expand the scope of its regulatory sandbox to include the Virtual Asset User Protection Act, according to PANews on June 22.

According to the report, the FSC is reviewing a plan to include laws related to emerging sectors, such as the Internet-only Bank Act and the Virtual Asset User Protection Act, in the sandbox framework in response to changes in the financial environment and market demand.

The FSC has previously operated a regulatory exemption system to promote innovation in financial services. The latest move is intended to allow crypto-related services to be tested within the institutional framework under certain conditions.