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Bitmine increased its holdings by 27,801 ETH last week, bringing the total holdings to approximately 5.77 million

According to PR Newswire, Bitmine announced that it has purchased an additional 27,801 ETH in the past week and stated that it will continue to maintain the steady accumulation pace established since 2026. The company expects to achieve its so-called "Alchemy of 5%" target within the year.As of July 12, Bitmine holds a total of 5.77 million ETH, of which 4.917 million ETH (approximately 85% of the holdings) have been staked. Based on an ETH price of $1,820, the total value is approximately $9 billion. The company expects an annualized staking income of about $242 million based on a 2.70% annualized staking yield, and if all ETH is staked, the annualized staking rewards could reach $284 million.In addition, Bitmine stated that it has launched an institutional-grade Ethereum staking platform, MAVAN (Made in American Validator Network), this year, which will be opened to institutional investors, custodians, and ecological partners in the future.Bitmine claims that it has become the largest ETH reserve institution in the world, and ranks second globally in terms of cryptocurrency asset reserves, only behind Strategy, which holds 843,775 BTC. The company also stated that the GENIUS Act and the U.S. SEC's Project Crypto will drive the transformation of digital asset financial infrastructure, with significance comparable to the impact of the end of the Bretton Woods system in 1971 on the modernization of Wall Street.

Ministry of Industry and Information Technology and three other departments: Strengthen the planning of internet technology innovation, promote the implementation of relevant national key research and development programs and major national science and technology projects

According to a report by Jinshi Data on July 13, the Ministry of Industry and Information Technology and three other departments issued guidance on promoting the high-quality development of internet infrastructure resources. It mentioned strengthening the planning of internet technology innovation, promoting the implementation of relevant national key research and development programs and major national science and technology projects, enhancing original technology innovation, and carrying out technical research on the integration of artificial intelligence, blockchain, distributed identifiers and internet infrastructure resources, breaking through key technologies such as network dynamic optimization, intelligent resource scheduling, and data security interaction. Strengthening the innovation of the IPv6 technology system to solve key issues such as protocol compatibility and high-performance transmission. Breaking through key technologies for satellite internet mega-constellation networking, rapid routing switching, and reliable anti-jamming transmission. Breaking through key technologies for the large-scale deployment and application of resource public key infrastructure.

The Supreme Procuratorate issued a document: Systematically breaking through the threefold dilemma of using virtual currency for money laundering regulation in criminal law

According to a report by the Procuratorial Daily, researchers from the People's Procuratorate of Yuhu District, Xiangtan City, Hunan Province, and the Law School of Xiangtan University have jointly written an article proposing a systematic response plan to the regulatory dilemmas of money laundering crimes using virtual currency. The article points out that current judicial practice faces three major dilemmas: first, Article 191 of the Criminal Law limits money laundering crimes to seven types of upstream crimes, resulting in many cases being treated as "concealment crimes"; second, methods such as mixers, privacy coins, and cross-chain transfers lead to fragmented evidence chains, making traditional investigative methods difficult to penetrate; third, conflicts in the legal attributes of virtual currency, a vacuum in procedural rules, and barriers to cross-border cooperation make it difficult to recover assets.In response, the article suggests promoting "dual investigations for one case," establishing the principle of self-authentication of blockchain data, constructing a tiered standard of proof, and establishing a national-level custody and disposal platform for involved virtual currencies, while actively promoting the signing of special agreements for international criminal justice assistance in virtual currency crimes.
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