Tom Lee, chairman of Bitmine, forecasts a $1.5 to $2 trillion wealth transfer from 2026 to 2028 that could fuel demand for cryptocurrencies, driven by younger investors inheriting wealth with higher risk appetites. Bitmine recently purchased 12,532 ETH, bringing its holdings to nearly 5% of ether's total supply, a target it expects to reach soon and then stop buying. This wealth shift, combined with growing blockchain adoption and crypto treasury strategies, may support a new crypto bull market. Bitmine has staked 84% of its ether holdings, generating significant annualized staking revenue.
Ethereum trades at Rp45,198,357 on Pluang as of Oct 12, 2026 22:42 WIB, showing a 1.00% gain in the last day. The platform sees a strong buying interest with 66% of order activity favoring purchases, while the typical hold time is 107 days. This active trading environment complements Bitmine's recent accumulation of ether, as noted in the news, highlighting ongoing investor engagement in ETH.
Ethereum's price has rebounded to about $2,530 after a recent dip but is encountering resistance between $2,560 and $2,575, which it must overcome to potentially reach $2,700. Analysts highlight this resistance zone as a key hurdle, with technical in...
In the last 24 hours, the cryptocurrency market showed mixed fund flows among major assets. ZEC, NEAR, and SOL led net inflows with $30.40 million, $27.35 million, and $26.99 million respectively, indicating growing investor interest. Conversely, sta...
The Ethereum Foundation moved 4,393 ETH worth about $11.1 million to Kraken, signaling a strategic sale amid a critical price test near the $2,500 support level. This move is part of a long-term plan, with early holders gradually selling as market co...
Ethereum traded at $2,562.06 on Monday, holding the key $2,495 support level overnight by 93 cents. This week, the US consumer price index release on Wednesday and the Bitcoin and Ether options expiry on Friday are expected to influence price movemen...
A whale address on Hyperliquid opened leveraged long positions totaling about $28.8 million across Bitcoin, Ether, and NEAR on October 12. The address used 40x leverage to buy 200 BTC at an average price of $83,604.50, 25x leverage for 4,000 ETH at $...
