Bitmine Immersion Technologies increased its Ethereum holdings by 111,942 ETH, raising its total to 5.39 million ETH worth $11.5 billion, about 4.47% of Ethereum's circulating supply. Chairman Tom Lee described this as part of an aggressive accumulation strategy, expecting to reach a 5% share of Ethereum supply in 2026. The company also has 4.71 million ETH staked, potentially generating $276 million annually through its institutional staking platform. Lee remains bullish on Ethereum, citing growing Wall Street tokenization and AI demand for public blockchains as key growth drivers.
Markets reacted positively to President Trump's announcement of a potential Middle East peace agreement, causing oil prices and bond yields to fall sharply. This decline helped boost stocks, with the Nasdaq rising 1.4% in early trading. Chip stocks l...
Cryptocurrency prices exhibit mixed changes with Bitcoin slightly down at $77,107 and Ethereum up modestly to $2,119. Notable gainers include NEAR with a 17.08% rise and OKB up 14.84%, while some coins like ZEC and BEAT face significant drops. These ...
Bitcoin remains around $77,000 amid rising tensions in the Middle East, which have dampened market sentiment. Bitcoin ETFs experienced $105.2 million in net outflows, while Ethereum ETFs saw $6.7 million in outflows, reflecting cautious investor beha...
A major crypto trader closed a $100 million short position on ether with a $260,000 loss and quickly opened a $13.43 million long position on bitcoin at 20x leverage. This shift signals a change in conviction from expecting ether to fall to betting o...
Ethereum is currently caught between a strong sell wall at $2,400 created by Coinbase whales placing large sell orders and a major Fibonacci support level near $2,026. While these whales are applying downward pressure by placing large orders above th...
