Bitmine Immersion Technologies increased its Ethereum holdings to 5,180,131 ETH as of May 3, adding 101,745 ETH in the past week. The company has staked 4.36 million ETH, valued at about $10.2 billion, representing over 84% of its total ETH holdings. Bitmine aims to hold 5% of the total Ethereum supply and operates the MAVAN platform to support Ethereum staking for institutional investors. Recent purchases include multiple Ethereum Foundation sales, highlighting Bitmine's ongoing accumulation strategy amid Ethereum's growing role in blockchain and tokenization.
Cryptocurrency prices exhibit mixed changes with Bitcoin slightly down at $77,107 and Ethereum up modestly to $2,119. Notable gainers include NEAR with a 17.08% rise and OKB up 14.84%, while some coins like ZEC and BEAT face significant drops. These ...
Bitcoin remains around $77,000 amid rising tensions in the Middle East, which have dampened market sentiment. Bitcoin ETFs experienced $105.2 million in net outflows, while Ethereum ETFs saw $6.7 million in outflows, reflecting cautious investor beha...
A major crypto trader closed a $100 million short position on ether with a $260,000 loss and quickly opened a $13.43 million long position on bitcoin at 20x leverage. This shift signals a change in conviction from expecting ether to fall to betting o...
Ethereum is currently caught between a strong sell wall at $2,400 created by Coinbase whales placing large sell orders and a major Fibonacci support level near $2,026. While these whales are applying downward pressure by placing large orders above th...
Crypto investment products experienced $1.47 billion in outflows last week, marking the second consecutive week of withdrawals. US spot Bitcoin ETFs accounted for $1.26 billion of these outflows, coinciding with Bitcoin's price falling briefly toward...
