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Institutional conviction remains strong, with Bitmine crossing 900,000 ETH in holdings and expanding staking despite softer short-term market conditions.
Enterprise blockchain adoption accelerates as JPM Coin prepares to launch on the Canton Network, enabling near-instant institutional settlement.
ETF flows normalize, with Bitcoin, Ether, and XRP products recording notable outflows after weeks of sustained inflows.
The crypto market today reflects a clear divergence between long-term institutional positioning and short-term capital rotation. While large players continue to accumulate and build infrastructure across Ethereum, enterprise blockchain networks, and sustainable mining, exchange-traded products linked to major tokens are showing early signs of normalization.
Bitmine expanded its Ethereum stockpile by around 109,504 ETH, worth $344.4 million, and now holds 908,192 ETH priced at $2.95 billion.
The purchase comes after Bitmine's earlier announcement of staking 19,200 ETH, which was worth $60.85 million and declared the coming generation of its holdings into yield positions.
Despite slower market activity toward the end of 2025, the firm acquired 32,977 ETH in the final week of the year.
According to the company, Bitmine now controls 3.43% of Ethereum’s circulating supply, positioning it as the largest “fresh money” buyer of ETH.
Digital Asset and Kinexys by JPMorgan announced plans to bring JPM Coin natively to the Canton Network.
The integration will allow JPM Coin, now branded as the USD-denominated deposit token JPMD, to be issued, transferred, and redeemed directly within Canton’s privacy-enabled, synchronized blockchain ecosystem.
JPM Coin represents digital claims on US dollar deposits held at JPMorgan, enabling institutional clients to move funds using blockchain rails.
Digital Asset CEO Yuval Rooz said the move lays the groundwork for modernizing financial infrastructure, while Kinexys executive Naveen Mallela noted that combining bank-issued deposits with near real-time blockchain settlement marks a major industry milestone.
XRP ETFs recorded their first net outflow day since launch. About $40.8 million exited US spot XRP ETFs on Wednesday, ending a multi-week inflow streak that had pushed cumulative inflows to $1.2 billion.
Despite its first outflow day, XRP ETFs remain some of the strongest-performing crypto exchange-traded products (ETPs), with total net assets above $1.5 billion.
The pullback coincided with selling across other crypto-linked ETFs.
At the time of writing, XRP is trading at $2.12, down 7% over the last 24 hours.
Canaan rolled out a 3-megawatt heat-recycling pilot in Manitoba, Canada, which was designed to use the waste heat from cryptocurrency mining for the greenhouses.
The 24-month pilot project with Bitforest Investment Ltd. involves the use of 360 liquid-cooled Avalon servers that produce heat suitable for the direct replacement of fossil fuels heating for the greenhouse.
Canaan has a prediction that nearly 90% of the electricity used will be turned into heat, which will result in a huge reduction of emissions paired with a major drop in the operating costs.
The initiative indicates a more significant movement towards eco-friendly, dual-purpose computing frameworks in the colder areas.
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of $486.08 million yesterday.
Fidelity's ETF FBTC saw the biggest outflow, at $247.62 million, and the total historical net inflow of FBTC currently stands at 11.83 billion
While BlackRock's ETF IBIT saw a daily net outflow of 129.96 million.
The total net asset value of Bitcoin Spot ETFs stands at 118.36 billion, with an ETF net asset ratio of 6.51%.
Also Read: Bitcoin Price Stays Between $89,800 and $92,800 Amid Volatility
Ethereum continued its gradual scaling, and the data capacity per block was increased by raising the blob target from 10 to 14 and then the maximum blob limit from 15 to 21.
This move helps rollup-heavy networks like Base, Arbitrum, Optimism, and zkSync by making the fees stable and the transaction throughput seamless.
Ethereum is not only relying on massive upgrades but is also continuously adjusting the data availability parameters, which corresponds to Vitalik Buterin’s idea of stable, predictable scaling.
The upgrade notifies that the Ethereum network is committed in the long run to rollups being the key reason for its growth.
Also Read: ETH Sees Zero Validator Exits While Staking Queue Surges to 1.3M ETH
1. Why is Bitmine increasing its Ethereum staking exposure?
Bitmine is converting ETH holdings into yield-generating positions, signaling long-term confidence in Ethereum’s proof-of-stake economics.
2. What does Bitmine holding 3.43% of ETH supply mean?
It highlights strong institutional concentration and reduces liquid supply, which can influence long-term price dynamics.
3. Why is JPM Coin launching on the Canton Network important?
It enables bank-issued USD deposit tokens to operate on institutional blockchains, improving speed, transparency, and efficiency of capital flows.
4. Should investors worry about XRP and Bitcoin ETF outflows?
The outflows likely reflect short-term profit-taking and normalization after heavy inflows, not a structural loss of interest.
5. How does Ethereum’s blob capacity increase help users?
By expanding data availability, Ethereum stabilizes rollup fees and supports smoother transactions as Layer-2 usage grows.
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