The Ethereum Foundation sold 10,000 ETH to Bitmine for about $23 million in an over-the-counter deal, following a similar sale the previous week. These sales, totaling nearly $47 million in a few days, aim to fund the foundation's research, development, and community grants. Bitmine, the buyer, is rapidly increasing its Ethereum holdings and staking position, now controlling over 4 million ETH worth $9.5 billion. The rapid sales have sparked criticism from the crypto community about transparency and fund management, though Ethereum's price remained stable, reflecting market absorption of the transactions. The foundation faces ongoing challenges balancing funding needs with community trust and ecosystem stability.
Bitcoin and Ethereum prices rose by 1.20% and 1.32% respectively, boosting overall crypto market sentiment despite a decline in decentralized finance (DeFi) trading volume. Large-cap altcoins mostly gained, with Bitcoin dominance increasing to 58%, i...
Bitcoin held above $63,000 with a 5.5% weekly gain, while Ether led major cryptocurrencies with a 12.4% surge. Other tokens like HYPE and Solana also posted notable increases despite a strong dollar. Equity futures rose following record highs, with t...
Ethereum (ETH) has risen about 12.5% in the past week, forming a double-bottom near $1,500 and now testing a key resistance zone around $1,780-$1,800. Breaking above $1,800 could trigger a rally toward $2,160, supported by bullish technical indicator...
While Bitcoin and Ethereum spot ETFs experienced significant outflows of $526 million and $14 million respectively last week, XRP and Solana ETFs saw positive inflows totaling $49 million. XRP ETFs have shown strong institutional demand, with total a...
Bitcoin started July strong, trading above $63,000 after a tough first half of 2026, with a 6.09% weekly gain despite being down nearly 28% year-to-date. The rebound is driven by large holders aggressively buying the dip, while institutional demand w...
