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.
Bitmine Immersion Technologies recently acquired 111,942 ETH, raising its total Ethereum reserves to about 5.4 million ETH. Chairman Tom Lee views the recent ETH price dip below $2,200 as a buying opportunity and remains bullish on a crypto supercycl...
David Hoffman, co-founder of Bankless, sold his Ethereum (ETH) holdings after concluding that the long-standing thesis of 'ETH is money' has largely played out. Despite selling his ETH, Hoffman remains bullish on the Ethereum network and its ecosyste...
Ethereum options markets remain bullish with a focus on $2,350 call options, even as total open interest slightly decreased to $6.96 billion. Calls represent 61.6% of contracts, indicating optimism for higher prices, while significant put interest ne...
Leading cryptocurrencies like Bitcoin and Ethereum dropped sharply as 'Extreme Fear' sentiment returned to the crypto market, with Bitcoin falling below $76,000 and over $300 million liquidated in 24 hours. Meanwhile, major U.S. stock indexes reached...
An Ethereum whale moved 2,000 ETH after holding it dormant for over 10 years, triggering discussion about whether this signals profit-taking or a potential distribution amid Ethereum's recent underperformance against Bitcoin. Despite ETH's weaker pri...
