@Global_dollar's USDG stablecoin has moved past $1 billion in circulating supply on the @solana network. Just one year after launch, USDG has become a key source of liquidity across decentralized lending and borrowing markets as well as high-frequency trading. The rapid growth positions USDG as a yield-ready, regulated option on Solana, offering an alternative to offshore stablecoins within the network's high-performance ecosystem.

BitMine Immersion Technologies, the crypto firm backed by Tom Lee that began as a Bitcoin (BTC) miner and has since shifted into an Ethereum (ETH) digital asset treasury (DAT), said it has received approval to transfer its listing from NYSE American to the New York Stock Exchange. In a press release dated April 6, the company said it will continue trading under the ticker BMNR, with the move set to take effect at the market open on Thursday, April 9. BitMine framed the uplisting as a step up to the NYSE's main board, which carries tougher standards around shareholder base and public float and is often viewed as a progression toward larger-cap status. Shares of BMNR gained more than 6% on the announcement, according to Yahoo Finance data, recently changing hands near $21. The company paired the listing update with its weekly treasury disclosure. BitMine said it bought 71,252 ETH over the past week, its biggest single-week accumulation since the week of Dec. 22, 2025. Total ETH holdings rose to 4,803,334 tokens, with an average acquisition cost of $2,123 per ETH. BitMine added that its combined crypto, cash, and "moonshot" holdings amount to $11.4 billion. As of April 6, it had staked 3,334,637 ETH, valued at roughly $7.1 billion, ranking it as the second-largest Ethereum staking entity behind Lido, according to Dune. The firm said it now controls 3.98% of the total ETH supply, putting it 79% of the way toward its stated "Alchemy of 5%" goal. As previously reported by The Defiant, the largest DAT operators—including BitMine and Michael Saylor's Strategy—have continued to add to crypto positions even as broader markets have remained subdued. Strategy on April 6 disclosed a weekly Bitcoin purchase of 4,871 BTC for about $329.9 million, at an average price of $67,718 per coin. Strategy said it now holds 766,970 BTC, remaining the largest DAT by holdings, with BitMine next. Spot ETH climbed nearly 6% on the day as the wider crypto market rallied, trading near $2,155. It was the best performer among the top ten large-cap tokens on both daily and weekly timeframes. This article was produced with the assistance of AI workflows and was curated, edited, and fact-checked by a human.

Huo Xing Finance cited on-chain analyst Yujin as saying Resolv Labs executed a contract upgrade about an hour ago to burn 36.73 million USR held by the attacker. The hacker had exploited a minting flaw to create 80 million unbacked USR. Of that total, roughly 34 million USR was sold for 11,409 ETH (US$24.48 million) and moved to address 0x8ED...81C. Resolv said the remaining ~46 million USR was eliminated from the attacker's address through the upgrade. The incident's realized loss is estimated at US$34 million.

Tom Lee's BitMine is nearing control of 4% of Ethereum's supply as ether (ETH) rises to a weekly high.

Tom Lee's Bitmine stepped up its Ethereum buying, acquiring 71,252 ETH in the latest week. The purchase marks the firm's largest weekly accumulation since December.

OFA Group, a Nasdaq-listed digital asset infrastructure firm, has signed a real-world asset (RWA) tokenization services agreement with MD Queens Development for a mixed-use development in Long Island, New York, according to Odaily Planet Daily. Using its tokenization platform, Hearth, OFA will deliver blockchain infrastructure and tokenize the project during the early stage of development. The resulting digital assets will represent equity interests in the project’s special purpose vehicle (SPV), rather than direct ownership of the underlying real estate. The agreement provides OFA with total funding of $15 million, to be paid in tranches tied to the completion of predefined milestones, Globenewswire reported.

BitMine disclosed updated holdings, showing that as of April 6 it held 4,803,334 ETH (valued at $2,123 per ETH based on a Coinbase price), 198 BTC, $200 million in equity in Beast Industries, $92 million in equity in Eightco Holdings, and $864 million in cash. The company said the combined value of its crypto assets and "moonshots" totals $11.4 billion. Separately, BitMine has received approval to upgrade its listing from NYSE American to the New York Stock Exchange Main Board under the ticker BMNR. Trading on the NYSE is scheduled to begin at the open on April 9.

INSIGHT: More than 50% of the XRP supply is currently held at an unrealized loss, according to Glassnode (@glassnode).

XRP is seeing network growth diverge sharply from price performance. On-chain figures cited by community member Eri show XRP Ledger wallets rising to 8.19 million as of April 5, 2026, extending a steady uptrend in addresses even after a prolonged cooldown in the token's price. XRP last peaked at $3.65 in July 2025 and has struggled to reclaim that level. The token recently traded around $1.33, down 63.56% from the high, while posting a 2.92% gain over the past 24 hours. The split points to expanding participation on XRPL even as price momentum remains muted. Key takeaways - Wallets hit 8.19 million while XRP remains about 63% below its $3.65 July 2025 peak - On-chain adoption indicators continue to rise despite weak price action - Wallet growth has accelerated over recent weeks, signaling ongoing onboarding and XRPL activity - Holdings skew heavily toward retail; sentiment and positioning, rather than adoption, are still steering price Network activity lifts as wallet counts climb On March 17, an analytics firm reported that the XRP Ledger exceeded 7.7 million nonempty wallets for the first time in its 13+ year history. The milestone came with a pickup in usage, as active addresses rose to a five-week high of 46,767. Over the same window, XRP briefly broke out, rallying 14% in 48 hours to push above $1.60 before easing back. Wallet totals vary across data providers. Santiment places nonempty wallets near 7.7 million, while CryptoQuant estimates roughly 8.1 million. The gap likely reflects methodological differences, such as tracking only nonempty or active wallets versus counting all accounts ever created. Wallet distribution underscores retail dominance Data shared on March 21 suggests most XRP holders sit in smaller balance tiers: - 5.66 million wallets hold fewer than 100 XRP - 2.01 million wallets hold between 100 and 100,000 XRP - 32,054 wallets hold more than 100,000 XRP The breakdown points to a broad retail base, alongside a relatively small cohort of large holders controlling sizable portions of supply. The continued rise in wallets amid a deep drawdown may signal sustained interest in XRP's longer-term utility, with new user onboarding and ecosystem experimentation supporting network fundamentals beneath the surface. Community debate: adoption vs. price Reacting to the figures, X user @mortoom argued that crypto rarely trades on fundamentals and said XRP, despite one of the largest and fastest-growing communities, still trades like any other "shitcoin." He asked Eri who ultimately controls price if adoption keeps rising without driving a sustained rally. Eri replied that price is driven by market conviction. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.