Ethereum's largest holder, Bitmine, has increased its ETH holdings by 126,971, reaching a total of 5.54 million ETH, about 4.59% of the circulating supply, with most of it staked for the long term. Meanwhile, the supply of ETH on major exchanges like Binance, OKX, Gemini, and Bitfinex dropped by roughly 475,000 ETH, reducing available coins for trading. This combination of rising demand from large holders and falling exchange supply could lead to increased price volatility and potential rallies. However, Ethereum's price is currently under pressure, trading around $1,682, with technical indicators showing selling pressure and liquidation risks, suggesting cautious optimism for a possible short-term bounce or trend reversal.
AI-related stocks saw a strong rebound overnight, with MSCI's Asia Pacific index rising 2.5%, South Korea's Kospi up to 8%, and the Nasdaq 100 gaining 1.6%. Semiconductor stocks also surged, with SK Hynix up 11%. Despite this tech rally, cryptocurren...
Bitcoin and other major cryptocurrencies like Ethereum and XRP fell slightly as investors reacted to ongoing Middle East tensions and hopes for a ceasefire. Bitcoin traded between $62,000 and $64,000 with declining volume, while Ethereum briefly rose...
Ethereum's price has fallen to multi-year lows, with only 11% of its supply in 3x profit, the lowest since 2017. Institutional interest is weak, shown by $845 million in outflows from U.S. spot Ethereum ETFs over the past month. Analysts warn that hi...
Ethereum rose nearly 5% after dropping to around $1,600, but this rebound appears more like a temporary relief than a full recovery. Large traders, or whales, show mixed sentiment: one major trader increased a short position to $101 million expecting...
Raoul Pal, founder of Real Vision, predicts that Ethereum, Solana, and Sui will be the three dominant blockchain platforms over the next decade. He argues that layer one blockchains serve as the infrastructure of the digital economy and will concentr...
