The Ethereum Foundation has sold approximately $47 million worth of ETH to BitMine Immersion Technologies in three over-the-counter deals within a week, including a recent sale of 10,000 ETH at about $2,292 each. These sales fund the Foundation's core operations such as research, development, and community grants. The rapid sales have sparked criticism from the community questioning the need for such large cash outs. Meanwhile, BitMine, chaired by Tom Lee, continues to grow its Ethereum holdings, nearing 5 million ETH and staking 83% of its assets.
Ethereum's price is trading just above $2,000 after a steep decline from $2,500, raising concerns about a potential crash below this key level or a bullish reversal. This weakness is part of a broader crypto market pullback, with Bitcoin, Ripple, and...
Bitcoin is trading just above the $75,000 support level after failing to break $78,000, staying below the $76,000 mark that would signal a new bull market according to analyst Tom Lee. Ether also faces resistance near $2,150 and is retreating toward ...
Ethereum price remains under pressure near $2,100 after failing to surpass the key $2,500 resistance level. Analysts warn that a break below $1,850 could trigger significant losses, potentially dropping ETH toward $1,450 or lower. Despite technical w...
Charles Hoskinson, founder of Cardano, has praised the XRP ecosystem's decentralized finance (DeFi) potential, suggesting it could grow faster than Ethereum's DeFi by 2027. He highlighted XRP's role as a Web2.5 bridge asset, optimized for payments an...
On May 26, US spot Bitcoin ETFs experienced a significant outflow of $334 million, equivalent to about 4,400 BTC, continuing a trend of heavy redemptions in mid-to-late May. Ethereum spot ETFs also faced a $35 million net outflow, marking over 10 con...
