The old model relied on application-specific integrated circuits, or ASICs, as collateral when lenders funded Bitcoin (BTC) mining operations.

BitMine Chairman Tom Lee described the move as a milestone, calling the NYSE the global benchmark for capital markets in a public statement.

The payout consisted of 3.125 Bitcoin in block subsidy worth $221,800, plus 0.003 Bitcoin in transaction fees totaling $212, according to data from the Bitcoin explorer Mempool.

CoinGlass data showed that $48 million in long positions were wiped out during that window. Short-side liquidations added another $3.7 million to the total.

Users can fund their positions directly from existing Binance spot or funding account balances.

The company said customer accounts, personal data, and user-facing platforms were not affected.

Meme coins ended the week modestly higher as a softer macro backdrop lifted broader crypto markets.

The platform supports both Visa and non-Visa card payments and is compatible with major AI agent protocols

The rally was short-lived in terms of fund flows, with analysts pointing to unresolved geopolitical tensions as the driver.

The transfer is the latest in a series of movements from Bhutan's sovereign Bitcoin reserves this year.

The filing notes that the trust may hold up to 5% of its assets in Ethereum to cover transaction fees on the Ethereum network.

The document interprets VARA's existing Virtual Asset Issuance Rulebook rather than introducing new legislation,

MSBT is the first spot Bitcoin ETF launched by a U.S. bank, marking a notable step for traditional finance

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