Edgen Crypto·Nov 14 2025, 14:54
[1] Zcash Revival Sparks Debate on Bringing Privacy Back to Bitcoin (https://cointelegraph.com/news/zcash-revival- ...)[2] Zcash Gains Momentum in 2025 Amid Rising Privacy Concerns - Phemex Academy (https://vertexaisearch.cloud.google.com/groun ...)[3] OP_CAT could go live on Bitcoin within 12 months: Eli Ben Sasson - Cointelegraph (https://vertexaisearch.cloud.google.com/groun ...)
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Nov 14 2025, 13:22
LM Funding America Reports Q3 Financials, Boosts Bitcoin Holdings, and Completes $8 Million Share Repurchase
## Executive Summary **LM Funding America, Inc.** (NASDAQ: **LMFA**), a Nasdaq-listed Bitcoin treasury and mining company, disclosed its third-quarter 2025 financial results, showcasing increased revenue and a strategic financial maneuver. For the quarter ending September 30, 2025, total revenue was reported at $2.2 million, marking a 13.0% sequential increase from Q2 2025 and a 73.5% year-over-year growth. The company mined 17.6 **Bitcoin** (**BTC**) during Q3 2025 and reported holdings of 294.9 **BTC** as of October 31, 2025. Post-quarter, **LM Funding America** executed an $8 million repurchase of 3.3 million shares and 7.3 million warrants. ## The Event in Detail **LM Funding America**'s Q3 2025 performance saw its mining margin improve to 49.0%, up from 41.0% in Q2 2025. This improvement was attributed to the elimination of hosting costs, curtailment, and energy sales that offset mining expenses, alongside increased fleet efficiency. The 17.6 **BTC** mined in Q3 were at an average price of approximately $114,000 per **BTC**, compared to 18.4 **BTC** mined in Q2 2025 at an average price of approximately $98,000. As of October 31, 2025, the company's **Bitcoin** treasury stood at 294.9 **BTC**, valued at approximately $32.2 million, based on a **Bitcoin** price of $109,225. Following the quarter's close, **LM Funding America** deployed $8.0 million from its **Galaxy Digital** loan facility to repurchase 3,308,575 shares of its common stock and warrants representing the right to purchase an aggregate of 7,248,787 shares. These securities were originally issued in the company's August 2025 private placement. The repurchase was conducted at a price of $2.41 per unit, comprising one share of common stock and associated warrants. Bruce Rodgers, Chairman and CEO of **LM Funding America**, stated, "By acquiring these securities, we are reducing warrant overhang, simplifying our capital structure, and pursuing a path aimed towards aligning our stock with our net asset value.” The transaction was financed through an $11 million loan facility provided by **Galaxy Digital**, secured by **LM Funding America**'s **Bitcoin** holdings. ## Market Implications The strategic share and warrant repurchase by **LM Funding America** underscores a corporate finance trend among firms with significant digital asset treasuries. This action aims to reduce potential share dilution and streamline the company's capital structure, which can positively influence shareholder value. The use of a **Bitcoin**-secured loan facility from **Galaxy Digital** highlights the increasing institutional acceptance and utility of **Bitcoin** as a corporate treasury asset and collateral. This move by **LMFA** aligns with other digital asset treasury (DAT) firms. For instance, **Upexi** (NASDAQ: **UPXI**), a Solana treasury firm, recently announced a $50 million stock buyback program, signaling confidence in its strategy and balance sheet. Such programs by companies holding cryptocurrencies as treasury assets indicate a broader strategy to leverage digital holdings for corporate financial management, including hedging against inflation, diversifying portfolios, and strengthening financial resilience. ## Broader Context The emergence of **Bitcoin** treasury companies signifies a shift in corporate asset management, driven by accelerating institutional acceptance of cryptocurrencies and evolving regulatory frameworks. Companies are increasingly viewing **Bitcoin** as a strategic component of their treasury rather than merely a speculative asset. This trend is further supported by the activities of leading **Bitcoin** mining companies such as **Iris Energy**, **Riot Blockchain**, **Marathon Digital**, **Core Scientific**, and **Cipher Mining**, which continue to expand their operations and influence the digital asset ecosystem. While **LM Funding America** focuses on mining and treasury management, the broader market is exploring monetization options for **Bitcoin** holdings, including lending and yield staking. However, this growing adoption also brings increased scrutiny from regulatory bodies, shaping the future landscape for corporate engagement with digital assets.
Nov 14 2025, 13:09
U.S. CPI Data Release Delayed Amid Government Shutdown, Fueling Market Uncertainty
## Executive Summary The October Consumer Price Index (CPI) announcement by the U.S. Bureau of Labor Statistics has been delayed due to an ongoing government shutdown. This delay has introduced substantial uncertainty into financial markets, impacting investor sentiment and increasing volatility across various asset classes, notably cryptocurrencies. ## The Event in Detail The U.S. Labor Secretary, **Dramer**, has indicated uncertainty regarding the Bureau of Labor Statistics' (BLS) capacity to release the October CPI data as scheduled. This postponement stems directly from the current government shutdown, which has hindered the BLS's ability to operate at full capacity. The CPI is a critical economic indicator, providing insights into inflation trends that heavily influence the **Federal Reserve's** monetary policy decisions and broader market sentiment. While an initial postponement to October 24 was reported, the current status is that a rescheduled release date remains unknown, pending the resolution of the government shutdown. ## Market Implications The indefinite delay in the CPI report has fueled market volatility and heightened investor caution. With a key economic data point absent, traders are expected to rely on alternative indicators, although these may not fully mitigate the lack of clarity. For cryptocurrency markets, this blackout of fresh inflation data could lead to significant price swings. The absence of CPI data complicates the assessment of interest rate expectations and the U.S. dollar's trajectory, both of which are crucial for the performance of risk assets such as **Bitcoin** (**BTC**) and **Ethereum** (**ETH**). High real interest rates, currently around 1.83%, make **Bitcoin** prices particularly sensitive to inflation data and dollar strength, with potential **spot ETF** flow volatility further exacerbating market sensitivity. A moderate CPI could potentially lower real rates, benefiting risk assets, while a high CPI might trigger **ETF** outflows. ## Broader Context The postponement of vital economic data like the CPI report disrupts the regular flow of economic reporting and poses broader challenges for market stability. Following a government reopening, **Bitcoin** faces liquidity challenges influenced by the resumption of macroeconomic data releases, **U.S. Treasury** bond issuance, and real interest rate trends. The **U.S. Treasury** has planned to issue $125 billion in government bonds with stable coupon rates, aiming to reduce term premium fluctuations. In this context, the CPI data remains a core factor determining the future direction of interest rates. The lack of this data creates a vacuum that forces market participants to operate with incomplete information, impacting strategic planning and risk assessments within the Web3 ecosystem and broader corporate adoption trends of digital assets.
Nov 14 2025, 11:35
BlackRock Deposits 43,240 ETH Valued at $136.7 Million to Coinbase
## Executive Summary BlackRock has deposited 43,240 Ethereum, valued at $136.7 million, into Coinbase, signaling continued institutional engagement with the cryptocurrency market and potentially influencing broader sentiment. ## The Event in Detail On-chain monitoring by Onchain Lens confirmed a significant transfer from asset management giant BlackRock, involving 43,240 ETH deposited into the cryptocurrency exchange Coinbase. This transaction represented an approximate value of $136.7 million at the time of deposit. This event follows previous substantial movements by BlackRock, including a transfer of 3,495.55 Bitcoin and 31,754 Ethereum, totaling $506 million, to Coinbase, and an earlier deposit of $115 million in ETH into Coinbase Prime on November 5, 2025. These recurring transfers underscore BlackRock's consistent use of Coinbase Prime as a primary custodian for its institutional digital asset activities, including those related to its Exchange Traded Fund (ETF) operations. ## Business Strategy & Market Positioning BlackRock's ongoing deposits into Coinbase Prime are consistent with its strategic approach to cryptocurrency management. Coinbase serves as a key platform for institutional digital asset activities, providing custody, trading, and liquidity management solutions vital for major asset managers like BlackRock. The firm's Ethereum ETF (ETHA), launched in July 2024, has been a notable driver of market activity, with deposits often preceding or coinciding with operational requirements. BlackRock has demonstrated a strategic shift in its cryptocurrency investment focus, significantly increasing its Ethereum holdings. As of September 9, 2025, BlackRock's Ethereum holdings had increased by 2.5 times compared to January 1, 2025, while its Bitcoin holdings grew by over 30%. This has resulted in Ethereum's allocation within BlackRock's portfolio rising from 6.6% to 17.2% over the same period, indicating a deliberate move to diversify and deepen exposure to the Ethereum ecosystem. ## Market Implications The deposit of a substantial amount of ETH by BlackRock into Coinbase is widely interpreted as a signal of sustained institutional interest in Ethereum. Such large-scale movements by a prominent financial institution can influence market sentiment, potentially reinforcing confidence in ETH as a viable institutional asset. The deposits may also reflect preparations for increased trading activity or optimized custody solutions necessary for managing significant crypto portfolios, including those underpinning ETF products. While these actions generally point to bullish sentiment from an institutional perspective, the broader market reaction to BlackRock's movements has been mixed. Some observers view these deposits as a vote of confidence, while others note recent sharp declines in Bitcoin and Ethereum prices, leading to mixed investor confidence. For example, BlackRock's Ethereum ETF previously experienced $111 million in redemptions the day before a prior deposit, illustrating the complex interplay of institutional actions and market dynamics. Concurrently, other significant on-chain activities have been observed, including an Ethereum Foundation/ICO-related address depositing 1,602 ETH (approximately $5.48 million) into Kraken, and a whale acquiring 28,262 ETH (approximately $98.59 million) from Binance, increasing total holdings to 355,164 ETH (approximately $1.21 billion). These diverse movements highlight a dynamic and evolving institutional engagement with the crypto market. ## Broader Context BlackRock's continued and expanding engagement with Ethereum through Coinbase Prime underscores a broader trend of institutional adoption within the Web3 ecosystem. The strategic reallocation towards ETH within its portfolio indicates a recognition of Ethereum's foundational role in decentralized finance and its potential for long-term growth beyond Bitcoin. This proactive stance by a major asset manager like BlackRock is significant for regulatory clarity and the mainstream integration of digital assets. Such moves contribute to the ongoing maturation of the cryptocurrency market, fostering a more robust infrastructure for institutional participation.