Bitcoin Holds Firm, BitMine Stakes 82k ETH, CLARITY Act
News
Bitcoin remains steady above $90,000 amid reported U.S. action in Venezuela
Bitcoin (BTC) held above $90,000 following reports of a U.S. operation in Venezuela that resulted in the detention of Venezuelan President Nicolas Maduro.
After a brief initial reaction, BTC quickly returned to levels above $90,000, despite the event leading mainstream news coverage.
Nic Puckrin, a market analyst and founder of Coin Bureau, noted on X that even with such a significant geopolitical development occurring over a weekend, Bitcoin showed minimal price movement.
The price of Bitcoin barely moved, despite the US attack on Venezuela, which dominated media headlines on Saturday. Source: TradingView
Risk-oriented assets like Bitcoin often see sharp declines during geopolitical or macroeconomic shocks as investors shift toward perceived safe havens such as government bonds and cash.
BitMine adds $259M in ETH to staking, pushing validator entry queue toward 1M Ether
BitMine Immersion Technologies staked an additional 82,560 Ether, valued at roughly $259 million, further adding to congestion in Ethereum’s validator entry queue as institutional demand for yield continues to grow.
Onchain data from Arkham shows the Ether (ETH) treasury firm made multiple sizable deposits to Ethereum’s BatchDeposit contract in recent hours.
With the latest stake, BitMine’s total staked ETH rose to 544,064 Ether, worth approximately $1.62 billion at current prices, according to onchain analyst Lookonchain.
BitMine began staking ETH on Dec. 26, transferring nearly $219 million in ETH to staking-related contracts on the Ethereum network.
In November, the company announced plans to commence staking Ether in the first quarter of 2026 via its internal Made-in-America Validator Network (MAVAN). BitMine said it selected three institutional staking providers for an initial pilot, deploying a limited amount of ETH to assess performance, security, and operational reliability before expanding the program, an announcement covered by PRNewswire.
Ethereum validator queue. Source: ValidatorQueue
Coinbase executive says CLARITY Act timeline is appropriate
The Digital Asset Market Clarity Act (CLARITY Act) is progressing on a suitable timeline despite impatience within the crypto sector, according to Coinbase Institutional head of strategy John D’Agostino in a Friday interview on CNBC.
D’Agostino said he understands why the process is taking longer, describing the legislation as foundational for the growth of crypto and other asset classes, and therefore warranting careful consideration.
He added that the CLARITY Act is more complex than the Genius Act, the stablecoin bill enacted into U.S. law in July.
#Cryptocurrencies#Ethereum#Venezuela#Bitcoin Price#US Government#United States#Donald Trump#Staking#Industry
Stay informed, read the latest news right now!
Disclaimer
The content on TrustsCrypto.com is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, always do your own research before making decisions.
Some content may be assisted by AI and reviewed by our editorial team, but accuracy is not guaranteed. TrustsCrypto.com is not responsible for any losses resulting from the use of information provided.
