FG Nexus invested about $196 million to buy 50,770 Ethereum at an average price of $3,860 per token but faced a sharp price decline soon after. The company sold 36,025 ETH at an average of $2,330, realizing significant losses and leaving its remaining 14,745 ETH still underwater. Overall, FG Nexus's Ethereum treasury strategy is now over $85 million in the red due to both realized and unrealized losses. Despite the price drop, Ethereum network activity remains strong, suggesting potential for recovery as some buyers return to the market.
Cryptocurrency markets experienced a broad decline, with Bitcoin falling 3.29% to $63,699 and Ethereum down 2.85% to $1,774. Major altcoins like Binance Coin, XRP, and Solana also saw notable drops. This downturn reflects ongoing market volatility an...
Crypto markets experienced $1.2 billion in liquidations over 24 hours, driven mainly by Bitcoin and Ethereum long positions being squeezed amid high volatility. Bitcoin liquidations totaled about $778 million, Ethereum $400 million, with altcoins lik...
Tom Lee, chairman of Bitmine, forecasted ether could reach $250,000, valuing Ethereum at $30 trillion, driven by AI and corporate validators. However, this implies a 50-fold price increase and requires bitcoin to surge to $2-3 million or a drastic sh...
The cryptocurrency market experienced a sharp crash in early June, wiping out about $250 billion in value as Bitcoin fell 17% and Ethereum dropped 14%, reaching its lowest price in over a year. This sell-off was driven by massive liquidations, especi...
Standard Chartered lowered its 2026 Ethereum price target by 47% to $4,000, citing a cyclical setback as ETH fell below $1,800. Despite this near-term cut, the bank maintains its long-term 2030 target of $40,000, expecting a recovery after a potentia...
