In today's crypto news, former White House Crypto Council Executive Director Bo Hines has joined Tether as a strategic adviser, marking a significant move to strengthen Tether's U.S. strategy. Hines aims to engage with policymakers and industry stakeholders to ensure Tether's robust presence in the U.S. market. Additionally, billionaire Chamath Palihapitiya has filed for a $250 million SPAC focused on decentralized finance (DeFi) and AI, seeking to capitalize on the future of financial innovation beyond Bitcoin. This SPAC will operate under the ticker AEXA on the New York Stock Exchange. Lastly, BitMine Immersion Technologies, despite a 14% drop in shares, has seen its Ether holdings rise to $6.6 billion, driven by institutional demand, as Ether's price soared over 50% last month. The firm plans to expand its Ether holdings despite current stock struggles.

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