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Bitmine buys 20,500 ETH for $36M, nearing 5% of total Ethereum supply

Market News
10 Jul 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Bitmine Immersion Technologies purchased 20,500 ETH for about $36 million from Galaxy Digital, increasing its Ethereum holdings to nearly 5% of the total circulating supply. This move follows a strategy similar to MicroStrategy's Bitcoin accumulation, aiming to hold a significant share of Ethereum as an institutional asset. Bitmine's total ETH treasury now stands at approximately 5.7 million tokens, worth around $10 billion. The company plans to continue accumulating ETH regardless of price, betting on long-term institutional adoption and growth in the crypto market.

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Global lithium-ion battery market to reach $468.5B by 2035, driven by EVs and renewable energy storage growth.

Global lithium-ion battery market to reach $468.5B by 2035, driven by EVs and renewable energy storage growth.

The global lithium-ion battery market, valued at $68.5 billion in 2025, is projected to grow to $468.5 billion by 2035 at a CAGR of 21.2%. Growth is fueled by rising demand for electric vehicles, energy storage systems for renewable energy, and suppo...

Market News
Bullish
2 hours ago
Ganfeng LiEnergy showcases advanced energy storage tech at Intersolar Europe 2026, expanding global market reach.

Ganfeng LiEnergy showcases advanced energy storage tech at Intersolar Europe 2026, expanding global market reach.

At Intersolar Europe 2026 in Munich, Ganfeng LiEnergy presented its high-efficiency, cost-effective energy storage products designed for global energy transition needs. The company highlighted its large-capacity battery containers, ultra-long cycle c...

Market News
Bullish
3 hours ago
China International Capital Corporation hosts key China-ASEAN economic and finance forum in Singapore.

China International Capital Corporation hosts key China-ASEAN economic and finance forum in Singapore.

China International Capital Corporation (CICC) successfully held the 4th China-ASEAN Economic and Financial Seminar in Singapore, gathering over 200 representatives from government, investment, and business sectors. The event focused on capital flows...

Market News
Bullish
3 hours ago
Cathie Wood sold $8 million worth of AMD stock in one day.

Cathie Wood sold $8 million worth of AMD stock in one day.

On July 8, 2026, Cathie Wood sold $8 million of Advanced Micro Devices (AMD) stock in a single day. This significant sale by a well-known investor could indicate a shift in her portfolio strategy or a response to market conditions affecting AMD. Inve...

Market News
Bearish
4 hours ago
XRP breaks above $1.10 resistance on strong volume, holding gains and eyeing $1.13 next.

XRP breaks above $1.10 resistance on strong volume, holding gains and eyeing $1.13 next.

XRP surged past its recent resistance at $1.10 on a late-session volume spike, reaching $1.1065 and maintaining gains near session highs instead of falling back. This breakout, supported by increased trading volume, suggests $1.10 is now a key suppor...

Technical Signals
Bullish
4 hours ago
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