Tom Lee’s BitMine holds about 5.28 million ETH, nearly 4.37% of total supply, with unrealized losses around $7.35 billion due to Ethereum’s price drop from an average purchase of $3,513 per ETH. The market doubts a swift rebound as technical analysis warns of a possible further drop to $1,600, which could push losses beyond $10 billion. Despite this, BitMine maintains a long-term strategy aiming to hold 5% of Ethereum supply by year-end, betting on a deep recovery. However, weakening market sentiment and capital outflows from ETH ETFs add pressure, making the outlook uncertain.
Ethereum co-founder Vitalik Buterin announced that his influence over the Ethereum Foundation will continue to decrease as the organization restructures to operate more sustainably and with less central control. The Foundation is expanding its board ...
Vitalik Buterin announced that the Ethereum Foundation will reduce its ETH sales and decrease his own influence within the organization to emphasize decentralization and long-term sustainability. The Foundation now holds only 0.16% of all ETH, signal...
Ethereum's price remains stable around $2,000 while it controls 55% of tokenized assets and 51% of DeFi value locked globally. Over 39.1 million ETH are staked, with 3.49 million more queued for validation, tightening supply despite price pressure. I...
Crypto markets enter a holiday-shortened US week focused on potential US-Iran agreement details expected today, which have already influenced Bitcoin and risk assets. US markets close Monday for Memorial Day, leaving crypto to react first to fresh ma...
The global cryptocurrency market rebounded after US President Trump's announcement of a largely negotiated peace deal with Iran, easing geopolitical tensions. Bitcoin surged above $75,000, driving the market's bullish momentum, while altcoins outperf...
