Tom Lee, chairman of BitMine Immersion Technologies, believes Ethereum will become the key settlement infrastructure for Wall Street and artificial intelligence, explaining its recent strong performance amid a broader crypto market downturn. He highlights Ethereum's smart contracts as ideal for transactions involving autonomous AI software and tokenized traditional financial assets. This outlook supports Ethereum's recent gains compared to other top cryptocurrencies and suggests growing investor confidence in its long-term value. BitMine is also accumulating Ethereum, aiming to hold about 5% of its supply despite current losses on their holdings.
On October 10, futures data showed a significant drop in long-position shares for XRP and Bitcoin in coin-margined contracts, with XRP falling 13 percentage points to 65.97% and Bitcoin down 9.30 points to 65.41%. This decline suggests a more cautiou...
Coinbase Institutional reported that Ethereum gained 71% in Q3, marking a strong upward price momentum. Despite this rally, the share of Ethereum supply held at a profit stayed below the firm's warning threshold, indicating limited sell pressure from...
On October 9, an unidentified Ethereum trader faced a liquidation of 28,716 ETH valued at $69.69 million amid a market selloff. Despite this, the trader maintained a larger leveraged long position of 78,955 ETH worth approximately $195.57 million. Th...
Wallets linked to a $90 million Ledger distributor hack transferred 430.2 ETH (about $1.07 million) to Tornado Cash on Oct. 9, following Tether freezing related funds. The operators also swapped some USDT for USDD and moved part of the assets to a Bi...
Ethereum price has rebounded to around $2,493 after a sharp drop near $2,400 but remains below key resistance levels, including the daily Supertrend at $2,764 and the 4-hour Bollinger midpoint at $2,569. The daily Supertrend indicator has turned bear...
