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Ethereum treasury firm Bitmine has started staking its Ether tokens, depositing roughly $451 million worth of ETH into Ethereum’s proof-of-stake (PoS) system on Saturday, December 27. This appears to be a fresh strategy from the digital asset treasury (DAT) firm, which has managed to stay relevant in a nascent, uncertain sector of the cryptocurrency industry.
In the early hours of Saturday, December 27, on-chain analyst EmberCN revealed that BitMine has finally started attempting to stake its Ether holdings to earn interest income. The largest Ethereum treasury firm deposited 74,880 ETH (equivalent to $219 million) into an Ethereum PoS contract.
In a later, separate transaction, BitMine went on to deposit 79,296 ETH (worth about $232 million) into Ethereum PoS staking. This brings the firm’s total stake in the ETH network to 154,176 ETH (roughly $451 million) in the past day and so far.
Source: @EmberCN on X
EmberCN added in the post on X:
They [BitMine] now hold 4.066 million ETH, with an approximate APY of 3.12%. If all of it were staked, they could earn about 126,800 ETH in interest over a year, which at the current price of $2,927 would be worth $371 million.
Earlier in November, Bitmine had disclosed its plans to start Ether staking in 2026’s first quarter through a dedicated in-house setup called the Made-in America Validator Network (MAVAN). At the time, the Ethereum treasury firm stated it had selected three institutional staking providers for a pilot program, using a small portion of its ETH to test performance, security, and operational quality before scaling.
Meanwhile, the treasury firm has not stopped accumulating Ether tokens despite the not-so-optimistic signs in the crypto market. The recent buying spree took BitMine’s Ethereum holdings to a whopping 4.066 million ETH.
As it appears, staking presents an opportunity for the largest corporate ETH holder to earn passive income from its Ethereum holdings, especially as the general market continues to underperform. With crypto prices in a downward trend, shares of most DATs have not been able to enjoy the required tailwind to soar to new heights.
As of this writing, the BitMine stock (ticker: BMNR) is valued at around $28.31 per share, closing with an almost 4% decline on the last trading day. A broader look at the stock shows that the past few months have been rough for the digital asset treasuries sector.
According to data from TradingView, BMNR’s value has dropped by nearly 43% in the past three months. However, its is worth noting that the stock has grown by almost 2.5x in the past year.
The price of BMNR on the daily timeframe | Source: BMNR chart on TradingView
Featured image from iStock, chart from TradingView
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JPMorgan Chase has officially launched its blockchain-based deposit token, JPM Coin (JPMD), on Base, the Ethereum layer-2 network developed by Coinbase. The rollout, announced on Nov. 12, marks a significant collaboration between the largest US bank and the largest US crypto exchange.
According to Base’s official post on X, the proof of concept for JP Morgan’s USD deposit token, JPMD, is now available for transfers on Base. The team also noted that the token could see commercial banking transactions executed within seconds, not days.
From proof of concept to fully live.
J.P. Morgan’s USD deposit token, JPMD, is now available for institutional transfers on Base.
Moving money should take seconds, not days. Commercial banking is coming onchain. pic.twitter.com/cW6tMPLvsw
— Base (@base) November 12, 2025
The JPM Coin token represents US dollar deposits held at JPMorgan and allows institutional clients to conduct 24/7, near-instant payments using blockchain rails instead of traditional clearing systems. The launch follows JPMorgan’s earlier pilot program with Mastercard, Coinbase, and B2C2, which tested interoperability between banks and blockchain ecosystems for settlement efficiency.
JPMorgan’s blockchain unit, Onyx, designed the system to streamline cross-border payments and liquidity transfers, leveraging Ethereum’s smart contracts.
On Nov. 11, JPMorgan announced a separate partnership with DBS Bank to pilot tokenized deposit transfers, further signaling its intent to expand blockchain integration across global financial networks.
The bank is also developing a euro-denominated version (JPME), pending regulatory approval in the European Union. Global Head of the global co-head of JPMorgan’s blockchain division Kinexys, Mallela Naveen confirmed a trademark “JPME” filing for the potential euro-denominated token.
Today @Coinbase is announcing our decision to leave Delaware and reincorporate in Texas. This decision was not made lightly, but we’ll always do what’s best for our customers, our employees, and our shareholders. 1/6
— paulgrewal.eth (@iampaulgrewal) November 12, 2025
Meanwhile, Coinbase revealed plans to shift its legal incorporation from Delaware to Texas following shareholder approval. Chief Legal Officer, Paul Grewal said the exchange aims to capitalize on Texas’s pro-business regulatory environment and greater legal protections for corporate entities.
As recent moves by JPMorgan and Coinbase deepen Bitcoin
BTC
$101 816
24h volatility:
0.8%
Market cap:
$2.03 T
Vol. 24h:
$62.70 B
adoption in global payments, speculative traders are eyeing early-stage projects like Best Wallet (BEST) for the next bull market cycle.
Best Wallet Presale
Best wallet offers secure storage, staking rewards, and integrated multi-chain access, combining self-custody and passive income opportunities.
Having already raised $16.9 million, at $0.26 per token, prospective participants now have less than 48 hours to secure BEST tokens via the official Best Wallet website before the next price tier unlocks.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
Singapore’s largest bank, DBS, has teamed up with JPMorgan’s Kinexys division to design a framework enabling real-time interbank transfers of tokenized deposits across multiple blockchains. The initiative represents a significant step toward merging traditional finance with decentralized settlement architecture.
According to local reports, the new framework will streamline liquidity movement between institutions, reduce settlement times from days to seconds, and lower operational risks in cross-border transactions. The system will leverage Kinexys’ cross-chain infrastructure, enabling interaction between permissioned and public blockchains without compromising compliance or data privacy.
The collaboration focuses on creating interoperability standards that allow banks to issue, move, and redeem blockchain-based representations of customer deposits in real time.
“As the digital asset ecosystem continues to grow, interoperability remains a critical piece in reducing fragmentation and ensuring that the full value of tokenized money can be transferred safely across borders,” said Rachel Chew, Group Chief Operating Officer and Head of Digital Currencies, Global Transaction Services, DBS Bank.
Tokenized deposits differ from stablecoins by being fully backed by bank-held funds, maintaining regulatory oversight while delivering the programmability and instant settlement benefits of blockchain technology.
The partnership follows DBS’s ongoing efforts to integrate blockchain-based products into institutional finance.
Last month, DBS and Goldman Sachs executed the first-ever interbank crypto options trade, a cash-settled over-the-counter transaction involving Bitcoin
BTC
$103 155
24h volatility:
2.5%
Market cap:
$2.06 T
Vol. 24h:
$71.39 B
and Ether
ETH
$3 452
24h volatility:
3.3%
Market cap:
$417.12 B
Vol. 24h:
$34.89 B
options. During the announcement, Max Minton, Goldman Sachs’ Head of Digital Assets for Asia Pacific, expressed expectation of more institutional involvement in the coming months.
As major institutions like JP Morgan and DBS advance asset tokenization initiatives, early-stage projects such as SUBBD continue attracting investor attention.
SUBBD is an AI-driven project with creator monetization tools for influencers and brands.
The SUBBD presale has now exceeded $1.3 million of its $1.5 million target, with tokens currently priced at $0.057. With less than 24 hours before the next pricing tier, early investors can visit the official SUBBD presale site to access up to 20% staking rewards and other community incentives.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
An Ethereum whale has caused panic among community members following a recent transaction suggesting they might be looking to offload their holdings. This comes amid a recent prediction by research firm Matrixport that Ethereum’s price could significantly rebound from its current price level.
Onchain data shows that the Ethereum whale transferred 11,215 ETH ($34.3 million) to the crypto exchange Coinbase. A trader usually makes such a move when selling these tokens, and considering the amount of tokens involved, such a sale could significantly impact ETH’s price. However, data from the market intelligence platform IntoTheBlock shows that there might be a demand for these tokens if, indeed, this whale is looking to offload their tokens.
There has been an increase of 132% in the large holders’ netflow to exchange netflow ratio in the last seven days, which suggests that Ethereum whales are actively accumulating more ETH. The flow metrics also paint an accumulation trend among Ethereum holders, with inflow volume into exchanges down by over 11% in the last seven days.
During this period, the outflow volume from these exchanges has increased by 3%, further confirming that Ethereum investors are looking to hold their positions and accumulate more ETH at this point. This is undoubtedly a positive development for Ethereum’s price, which could witness a significant rebound thanks to this wave of accumulation.
Research firm Matrixport also predicted that ETH’s price would rebound from its current price level thanks to the Spot Ethereum ETFs, which they claimed could launch as early as this week.
While that remains uncertain, market experts like Bloomberg analyst James Seyffart have suggested that it shouldn’t be long before these Spot Ethereum ETFs begin trading. This is because fund issuers have implemented most of the comments that the Securities and Exchange Commission (SEC) had on their S-1 filings.
Crypto analyst Leon Waidmann mentioned in an X (formerly Twitter) post that Ethereum is primed for a rally. He made this assertion based on Ethereum’s dwindling supply. He noted that 40% of Ethereum’s supply is locked up, with 28% staked and the other 12% in smart contracts and bridges.
Additionally, Waidmann expects this supply to continue to reduce once the Spot Ethereum ETFs begin trading, with institutional investors taking a huge chunk of the supply off exchanges. Based on this, Ethereum could rally on the back of the supply and demand dynamics since demand is bound to outpace supply at some point.
Crypto analyst Follis mentioned that Ethereum’s chart looks identical to Bitcoin’s just before it pumped over 200% last year. He suggested that the Spot Ethereum ETFs could be the catalyst that sparks a similar rally for ETH.
Featured image created with Dall.E, chart from Tradingview.com
