📈 The S&P 500 Hit Record Highs

Driven by growing optimism surrounding a potential de-escalation of the US Iran conflict, US equities experienced a major rally on Wednesday. The S&P 500 broke through a major psychological barrier to tag a record 7,022 breaking its previous ATH. Mirroring this bullish sentiment, Bitcoin continued its strong two-week upward momentum, climbing nearly 10% to successfully tap $75,000.

🐳 Bitmine Expands Ether Treasury to 4% of Supply

Bitmine has accelerated its aggressive Ethereum accumulation, purchasing 71,524 ETH over the past week to bring its total treasury to 4.87 million tokens. The massive acquisition gives them control of over 4% of the total global Ether supply, with 3.33 million of those tokens actively staked through its MAVAN platform to generate a projected $310 million in annual yield.

🛡️ Tether Backs Drift’s Protocol Recovery

Tether is spearheading a $150 million recovery program to help relaunch Drift Protocol and restore user funds following their recent $280 million exploit. As part of the recovery strategy, the decentralized exchange is officially transitioning its primary settlement asset from Circle's USDC to Tether's USDT. This strategic pivot follows industry backlash against Circle for failing to freeze the stolen assets.

🔥 Charles Schwab Rolls Out Spot Crypto Trading

Charles Schwab, managing over $12 trillion in client assets, is launching spot Bitcoin and Ether trading for US retail traders. Executed in partnership with Paxos, the new service will allow users to trade digital assets directly alongside traditional stocks via a dedicated crypto account with a 0.75% transaction fee.