Bitmine acquired 126,971 ETH valued at about $214 million in one week, increasing its total holdings to 5.54 million ETH, worth nearly $9.3 billion. This purchase represents 4.59% of Ethereum's circulating supply, with the company aiming to reach 5% ownership later this year. Chairman Thomas Lee stated the price drop doesn't reflect Ethereum's strong fundamentals, prompting Bitmine to accelerate buying despite market weakness. Bitmine also plans to raise capital through preferred equity shares to support further digital asset purchases.
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...
Bitcoin crossed the $65,000 mark with improving market sentiment, reflected by a Crypto Fear & Greed Index of 35. Despite recent volatility and liquidation of over 79,000 traders, Bitcoin and Ethereum saw significant inflows into spot ETFs, signaling...
Ethereum (ETH) price recently broke out of a descending trendline, trading near $1,928 with a 5.2% gain in 24 hours. Futures open interest surged to $19.8 billion, the highest since early June, indicating renewed trader confidence and new capital ent...
Bitcoin surged above $65,000 and Ethereum passed $1,900 after US Producer Price Index data showed inflation cooling more than expected. The weaker inflation readings reduced market expectations for a Federal Reserve interest rate hike in July, boosti...
The US government moved about 4,820 ETH worth $9.29 million to Coinbase Prime from wallets linked to the FTX and Alameda Research collapse. This transfer is part of a systematic effort to liquidate billions in seized crypto following the 2022 FTX imp...
