Woofun AI on-chain data shows Bitmine executed a purchase of 20,000 ETH five hours ago, leaving the entity 380,000 ETH away from achieving its 5% holding threshold. In regulatory developments, Illinois is set to become the first U.S. state to levy taxes on digital asset transactions, with implementation scheduled for 2027.

Meanwhile, the SEC Chair disclosed reforms to the public company regulatory framework designed to enhance IPO accessibility for ordinary investors. Market sentiment reflected broader AI stock declines, with Marvell dropping over 9.78%, while the '1011 insider whale' realized $2.83 million in profits after liquidating 184,102 HYPE. Bipartisan senators urged the U.S. Treasury to maintain state-level stablecoin oversight under the GENIUS Act, as geopolitical discussions regarding a $300 billion private fund between the U.S. and Iran gained media attention.