Bitmine, led by Tom Lee, purchased an additional 9,926 ETH last week, increasing its total holdings to 5.815 million ETH, worth about $11 billion. This represents about 4.8% of Ethereum's total supply, nearing Bitmine's goal of owning 5%. Lee highlighted growing demand for Ethereum driven by tokenization and AI applications, along with easing financial conditions supporting the crypto market. Bitmine also bought 1.7 million of its own shares under a $4 billion buyback program, signaling strong confidence in its assets.
Bitmine Immersion Technologies purchased an additional 9,926 ETH, bringing its total Ethereum holdings to about 5.8 million ETH, or 4.8% of the total supply, nearing its 5% target. Chairman Tom Lee highlighted the rising ETH/BTC ratio as a sign of in...
Ethereum price climbed nearly 2% on August 17, reaching an intraday high near $1,912 after buyers defended support around $1,872 and pushed ETH above $1,900. A large whale transferred 32,400 ETH worth $61.46 million into Ethereum's staking contract, ...
Last week, Bitcoin ETFs experienced $390 million in net outflows, with Fidelity's FBTC and BlackRock's IBIT leading the declines. Ethereum ETFs also saw $2.26 million in outflows, mainly from BlackRock's ETHA, while Grayscale's ETH saw inflows. In co...
Ethereum (ETH) is trading around $1,903 with daily volume at $4.58 billion, forming a symmetrical triangle pattern that signals a potential breakout. The price has held above the $1,750 low for over a month, indicating a bottoming process and early b...
Bitcoin stabilized above $63,000, gaining 0.8% amid a rebound in U.S. equities, with Nasdaq futures hitting a high since early July. However, U.S. spot Bitcoin ETFs saw $390 million in net outflows last week, marking the largest withdrawal in six wee...
