Las Vegas-based BitMine Immersion acquired 111,942 ETH last week, increasing its total Ethereum reserves to 5.39 million ETH as part of its goal to own 5% of Ethereum's circulating supply by 2026. The company stakes 4.7 million ETH, generating about $276 million annually in rewards. Ethereum currently trades around $2,070 but faces resistance at key moving averages, with analysts noting that reclaiming $2,500 and surpassing $3,100 are crucial for a bullish reversal. BitMine sees the recent price dip below $2,200 as a buying opportunity, anticipating a crypto supercycle driven by Wall Street tokenization and AI advancements.
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Ethereum's new 'Strawmap' draft roadmap outlines seven major upgrades by 2029 aiming to reduce transaction finality from 16 minutes to as little as 6 seconds and increase Layer 1 throughput to 10,000 transactions per second. The plan includes advance...
Ethereum rose following a U.S. inflation report showing slower CPI growth, which weakened the dollar and boosted risk assets. Binance saw over $1.2 billion in Ethereum buy volume, pushing prices near $1,895. However, the rally lost steam as Bitcoin a...
SPX6900 surged over 12% in 24 hours driven by a 62% volume increase and strong buying from Solana whales, who raised holdings by 65%. Ethereum network activity also picked up, with transfers nearly quadrupling and transactions doubling, supporting th...
