💎 Bitmine Nears 5% ETH Target with $287M Staking Yield

Tom Lee’s Bitmine Immersion Technologies acquired another 9,926 ETH last week, bringing its total treasury to roughly 5.82 million ETH (~4.8% of circulating supply) valued at $11 billion. Despite sitting on over $8.4 billion in unrealized losses from the crypto downturn, the firm continues its uninterrupted weekly accumulation toward a 5% total supply goal. Bitmine currently has more than 5 million ETH staked, which is projected to generate approximately $287 million in annualized staking rewards at a 2.61% yield.

🏛️ Trump Urges Senate to Pass CLARITY Act

President Donald Trump hosted top crypto executives, including Coinbase CEO Brian Armstrong and Gemini’s Winklevoss twins at the White House, urging the Senate to pass the stalled CLARITY Act to keep the US competitive against China. Armstrong expressed optimism that the market structure bill could secure more than 60 votes following a cloture motion on September 15, even as critics like Senator Ruben Gallego continue to voice concerns over the bill’s ethics provisions and potential presidential conflicts of interest.

🔐 Coinkite Urges Coldcard Users to Generate New Seeds After $112M Exploit

Coinkite has released critical firmware updates across its Coldcard lineup requiring user supplied entropy after a seed generation vulnerability led to the theft of 1,778 BTC ($112 million). The company warned that existing seed phrases remain unsafe post update, requiring users to generate entirely new seeds and migrate their funds immediately. Security firm Coinspect has also launched a free tool, Unlukey, to help holders verify whether their addresses were generated using the vulnerable algorithm.