Bitmine Immersion, a major Ethereum treasury firm, sharply reduced its weekly ETH purchases to 26,497 tokens worth about $53 million, down over 75% from the previous week's 120,000 ETH buy. This slowdown follows Bitmine's approach to its long-term goal of owning 5% of Ethereum's circulating supply, currently holding 4.49% or 5.42 million ETH. Despite the reduced pace, Bitmine remains active in crypto accumulation while others like Strategy sold Bitcoin recently. The firm also focuses on income generation through staking, with estimated annual revenues around $258 million. Bitmine's total crypto and cash assets stood at $11.6 billion as of May 31.
In May 2026, XRP exchange-traded funds (ETFs) attracted $131.94 million in net inflows, marking their best monthly performance of the year despite XRP's weak spot price and overall market volatility. Meanwhile, Bitcoin and Ethereum funds experienced ...
Crypto investment products experienced $1.67 billion in outflows last week, marking the third consecutive week of losses. Bitcoin funds led the sell-off with $1.44 billion withdrawn, the largest weekly outflow for Bitcoin in 2026, causing total asset...
Cryptocurrency markets saw a general decline with Bitcoin trading near $72,364, down about 1.94%, and Ethereum around $1,980, down 1.90%. Other major coins like Binance Coin and XRP also fell, signaling cautious investor sentiment. Stablecoins remain...
Ethereum is currently trading near a critical support zone between $1,825 and $1,880. Analysts note that if buyers defend this area, ETH could rebound toward resistance levels at $2,073 and $2,360. However, a decisive break below $1,750 would weaken ...
Ethereum's price fell below the key $2,000 support level due to institutional ETF outflows, weak U.S. demand, and rising geopolitical tensions. Technical breakdowns suggest further downside targets near $1,900 and $1,825, with strong resistance now a...
