The Ethereum Foundation completed an over-the-counter sale of 10,000 ETH to BitMine Immersion Technologies at an average price of $2,387 per ether, totaling about $23.87 million. The proceeds will support the foundation's core operations, including protocol research, ecosystem growth, and community grants. This sale is part of the foundation's ongoing treasury management strategy, balancing direct ETH sales with other funding sources. BitMine, aiming to hold 5% of Ethereum's total supply, continues to expand its Ethereum treasury, now nearing 5 million ETH, making it the largest corporate holder of ether.
Ethereum is gaining strength, trading near $1,920 after surpassing its 26-day and 50-day EMAs, signaling renewed buying interest. The next key resistance is the 100-day EMA at around $1,944; a daily close above this could lead Ethereum toward the 200...
ETHSystems, a new Ethereum-focused non-profit backed by Bitmine Immersion Technologies and Ethereum co-founder Joe Lubin, aims to enhance privacy on the Ethereum network for institutional use. This marks the third non-profit stepping in as the Ethere...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
