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 21, U.S. spot Ether (ETH) exchange-traded funds recorded net inflows totaling $14.9 million. The Grayscale Ethereum Mini Trust ETF led with $28.1 million in inflows, followed by Fidelity’s FETH with $13 million. However, other Ether ETFs e...
Arthur Hayes, founder of BitMEX, expressed skepticism about the investment potential of Hyperliquid's HYPE token due to increasing competition among decentralized perpetual futures platforms. While he acknowledges strong demand for Hyperliquid's trad...
In October 2026, spot ether ETFs experienced their worst month with $1.2 billion in net outflows, while Bitmine Immersion Technologies is close to reaching its 5% ownership cap of Ethereum's circulating supply. Bitmine's buying pace has slowed signif...
U.S. spot Bitcoin ETFs experienced a significant outflow of $635.6 million on Thursday, wiping out nearly 60% of the $1.07 billion inflows over the previous three days and turning October net flows negative by about $176 million. Ethereum and Solana ...
Ethereum's price struggles near $2,400 after failing to sustain a recovery toward $2,500, with a 13% decline over the past month. Leveraged selling has triggered significant liquidations, raising the risk of a drop below $2,300, which could expose de...
