PANews reported on November 15th that, according to filings with the U.S. Securities and Exchange Commission (SEC), Founders Fund, the venture capital firm led by PayPal co-founder Peter Thiel, has sold half of its stake in Bitmine. It currently holds 2,547,001 shares in the company.
According to previous reports , PayPal co-founder Peter Thiel, through his related entities, holds a total of 5,094,000 ordinary shares of BitMine Immersion Technologies, Inc. (stock code: 09175A206), representing 9.1% of the company's issued shares.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
