The institutional Ethereum treasury race heats up as BitMine Immersion Technology seeks to raise $24.5 billion through an ATM stock offering, while SharpLink completes a $389 million capital raise. Whales are accumulating Ether ahead of US inflation reports, with a new entity acquiring $1.3 billion worth of ETH.

US federal debt hits a record high of $37 trillion, prompting speculation of looser policies like quantitative easing. Analysts predict Bitcoin’s price may reach $132,000 by the end of 2025 due to the correlation with the growing M2 money supply.

Bitcoin pioneer Samson Mow discusses the possibility of Bitcoin surging to new price levels or halting for an altcoin season. Bitcoin hits a new all-time high above $124,000, briefly surpassing Google’s market cap and becoming the fifth-largest global asset.

The SEC signals a focus on developing clear cryptocurrency regulations after ending its legal battle with Ripple Labs. The SEC and Ripple Labs drop their appeals, with SEC Commissioner Hester Peirce emphasizing the need for a clear regulatory framework for crypto.

The DeFi market sees most of the top 100 cryptocurrencies in the green, with OKB and Aerodrome Finance tokens as the top gainers. The total value locked in DeFi continues to rise, showcasing the growth and development of the decentralized finance space.

Read more at Cointelegraph: Ether Treasury Race Accelerates With $24.5B BitMine Raise, as US Debt Hits $37T: Finance Redefined