The Daily: Bitcoin tops $94K, crypto mining stocks rally, Grayscale begins distributing staking rewards to Ethereum ETF investors, and more
The Block
Bitcoin surpassed $94K, mining stocks rallied, and Grayscale started distributing staking rewards to its Ethereum ETF holders.Summary
Bitcoin climbed above $94,000 amid early-year repositioning and market focus on U.S. operations in Venezuela, leading to liquidations of short positions and a rally in crypto mining stocks like American Bitcoin. Concurrently, major accounting firm PwC announced plans to deepen its crypto audit and consulting work, citing a clearer U.S. regulatory backdrop. Grayscale marked a landmark moment by beginning to distribute staking rewards earned from its Ethereum ETFs directly to shareholders. In other news, global crypto ETP inflows reached $47.2 billion in 2025, and Michael Saylor's Strategy purchased an additional 1,286 BTC for $116.3 million.
(Source：The Block)