BitMine has increased its Ethereum holdings to over 5.6 million ETH, representing 4.66% of the total supply, with a portfolio valued at about $10.2 billion. Despite an unrealized loss nearing $9 billion due to market volatility, the company continues its aggressive accumulation strategy, aiming to control 5% of all Ethereum tokens. BitMine also stakes over 4.1 million ETH, generating income through network validation, signaling strong institutional confidence in Ethereum's future amid ongoing ecosystem challenges. This growing influence contrasts with outflows from major Ethereum ETFs, highlighting differing institutional strategies in the crypto market.
Ethereum gained 2.75% for the second day, reaching $1,720, driven by positive news like a U.S.-Iran peace deal and the Strait of Hormuz reopening. Despite some concerns from rising exchange reserves, large withdrawals and whale purchases indicate str...
A cryptocurrency wallet linked to BitMEX co-founder Arthur Hayes purchased 3,000 ETH worth about $5.42 million following a US-Iran peace agreement that improved market sentiment. This move aligns with Hayes' bullish outlook on Ethereum despite his re...
Bitcoin jumped above $66,000, with Ethereum, XRP, and Dogecoin also rising up to 13% following a U.S.-Iran peace agreement that increased investor risk appetite. Despite significant trader liquidations totaling over $600 million in 24 hours, spot Bit...
Arthur Hayes, co-founder of BitMEX, acquired 3,000 ETH valued at approximately $5.42 million through Flowdesk's over-the-counter (OTC) trading desk. This method allowed him to avoid placing large orders on public exchanges, reducing market impact and...
Last week marked the fifth consecutive week of outflows from Spot Bitcoin ETFs, with $405.2 million withdrawn despite Bitcoin's price rising from $61,000 to $65,000. Similarly, Ethereum ETFs experienced significant outflows totaling $405.2 million, e...
