Ethereum Gains $235 Million from BitMine Investment
@BitMine acquires nearly 112,000 $ETH for approximately $235 million, raising reserves to 5.39 million ETH (4.47% of total supply), aiming for 5% by 2026. #Update #Crypto $ETH
@BitMine acquires nearly 112,000 $ETH for approximately $235 million, raising reserves to 5.39 million ETH (4.47% of total supply), aiming for 5% by 2026. #Update #Crypto $ETH
@Bitmine has acquired 111,942 $ETH, nearing 4.5% of Ethereum’s total supply and approaching its goal of 5%. BMNR stock rises as the firm aims to join the Russell. #Update #Crypto $ETH
BitMine Immersion Technologies added 111,942 $ETH, valued at over $237M, increasing its holdings to 5.39M ETH. Shares rose 4% on Tuesday. #Breaking #Crypto $ETH
Kraken deposited $1.07M in ETH into Eigencloud, highlighting institutional interest despite EIGEN token’s 96% drop from its all-time high. #Update #Crypto
@BitMine, a significant Ethereum holder, is set to join the Russell 1000 Index at the end of June, potentially attracting substantial capital inflow due to its market cap exceeding $5.7 billion. #Update #Crypto $ETH
Hyperliquid launches validator-based prediction markets for offchain events, with HYPE trading at $59.71 and $72.4M in ETF inflows as Bitcoin ETFs lose $1.26B. #Update #Crypto
Ethereum co-founder Vitalik Buterin announced the Ethereum Foundation will prioritize “longevity over breadth,” focusing on CROPS: censorship resistance, capture resistance, openness, privacy, and security while reducing ETH sales. #Update #Crypto $ETH
BitMine Immersion Technologies will join the Russell 1000 Index on June 26, potentially triggering significant inflows from index funds. #Update #Crypto
Vitalik Buterin announces Ethereum Foundation’s shift to a smaller, focused entity amid leadership changes and reduced ETH sales, maintaining $408M holdings. #Update #Crypto $ETH
Wallet 0x50b3 opens a $100.33M short on 47,604 $ETH at 23x leverage on Hyperliquid, risking liquidation if ETH rises above $2,149.84. #Update #Crypto $ETH
$BTC and $ETH ETFs see over $1 billion in outflows as investors shift to alternative tokens like Hyperliquid’s $HYPE, which surged 59% this month. #Update #Crypto $HYPE
Bank of America reduces $ETH and $SOL holdings, pivots to Bitcoin with expanded ETF and treasury exposure, underscoring institutional shift towards $BTC. Crypto $BTC
Ethereum Foundation holds 0.16% of all $ETH, focusing on decentralization and privacy; Buterin emphasizes AI-assisted verification for bug-free Ethereum. #Update #Crypto $ETH
Ethereum co-founder @VitalikButerin defends the Ethereum Foundation’s focus on decentralization and cybersecurity amid criticism over its role and ETH price decline, currently at $2,094. #Update #Crypto $ETH