Ethereum's price dropped nearly 12% over the past week to $1,627.67, accompanied by one of the lowest social sentiment ratios this year, indicating strong bearish sentiment. Despite this, Bitmine, backed by Tom Lee, acquired an additional 75,000 ETH worth $123 million through Kraken and FalconX, bringing its holdings to about 4.59% of Ethereum's total supply. This systematic accumulation suggests institutional confidence amid market pessimism and positions Bitmine close to its goal of owning 5% of the circulating supply. The contrasting trends highlight ongoing debate about Ethereum's future while showing significant demand from large investors.
Ethereum is currently testing a critical support zone between $1,600 and $2,000, a level that has historically led to significant rebounds. Analysts highlight that holding this support could trigger a major recovery, while a breakdown might lead to f...
Starknet has released a new appchain framework that allows developers to create sovereign blockchains with custom execution logic while inheriting security from Starknet's zero-knowledge (ZK) core stack. This framework focuses on modular settlement a...
On June 12, Bitcoin and XRP spot ETFs attracted fresh capital, with Bitcoin ETFs seeing $85.9 million in net inflows and XRP ETFs adding $2.04 million. In contrast, Ethereum spot ETFs continued to experience outflows, extending a trend of redemptions...
The SEC has approved the T. Rowe Price Active Crypto ETF, allowing it to list and trade shares with an active strategy investing in 5 to 15 eligible cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). The fund can also use USD...
Ethereum's staking activity shows strong long-term confidence with nearly 3 million ETH waiting to enter staking, creating an estimated 50-day validator queue. Meanwhile, the validator exit queue is near zero, indicating very few ETH holders are unst...
