Bitmine Staking Vaults Hit $15.7 Billion as Crypto Bros Pretend to Understand Macroeconomics
Bitmine Immersion Technologies announced a staggering $15.7 billion treasury chest packed with staked Ethereum and various tech moonshots, all while bracing for upcoming Federal Reserve rate hikes and a potential congressional vote. Up in the States, tech bros are chewing their nails over inflation data, but down here on the Baja peninsula, our primary economic indicator is whether the fisherman brought back enough yellowtail for fish tacos. Nobody at the local taquería cares about MAVAN validation networks or institutional staking yields as long as the salsa verde has enough kick and the Wi-Fi router holds out for another ten minutes.