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.
Robinhood has launched its Layer-2 solution, Robinhood Chain, which is expected to enhance Ethereum's role in decentralized finance and increase demand for ETH. Meanwhile, Michael Saylor, CEO of Strategy, has indicated a shift from his previous "neve...
Bitcoin and Ethereum prices dipped slightly while altcoins mostly fell, signaling cautious trading in the crypto market. Bitcoin's market share increased marginally to 58.42%, indicating a shift toward safer large-cap assets amid weaker altcoin deman...
Ethereum is currently testing resistance at the top of its price channel while a TD Sequential sell signal warns of weakening momentum. This combination raises the risk of a short-term pullback, with key support levels at $1,770, $1,700, and potentia...
Crypto derivatives markets saw $111.7 million in liquidations over 24 hours, led by Ethereum with $51.49 million, more than double Bitcoin's $20.01 million. Long positions were hit harder overall, indicating bearish pressure and pullbacks affected bu...
Ethereum has stabilized above $1,800 for three days, with major investors (whales) buying over 11,000 ETH worth $20.59 million. This accumulation, alongside negative exchange net flow and a low Exchange Supply Ratio, indicates increased scarcity and ...
