While Bitcoin balances continue their months-long decline on the exchange, Ethereum deposits are quietly swelling. This divergence paints a clear picture of two competing asset narratives, with traders likely rotating into altcoins. Summary OKX publishes its 34th proof-of-reserves, confirming $33.7 billion in fully backed assets. Bitcoin balances continue to decline on the exchange while Ethereum…
The Ethereum Foundation is pausing all open grants applications as the entity’s Ecosystem Support Program transitions to a new growth chapter. Summary Ethereum Foundation has paused open grants in its support program as it eyes transition to a new model. The Ecosystem Support Program awarded over $13 million to 105 projects in 2024. The Ethereum…
Bitmine Immersion has added 78,791 ETH to its treasury, bringing the total holdings to nearly 1.8 million ETH. Summary Bitmine Immersion spent $354.6 million to acquire 78,791 ETH, raising total holdings to 1,792,960 ETH, valued over $8 billion. The company aims to hold 5% of Ethereum’s total supply. Tom Lee predicts ETH could hit $5,500…
The largest corporate ETH holder BitMine Immersion has been deepening its Ethereum strategy bet, and the firm has made a new appointment to further advance its mission. Summary BitMine Immersion has appointed David Sharbutt, a former American Tower board member, to its Board of Directors. Sharbutt is expected to guide BitMine’s Ethereum treasury management, staking…
The Department of Commerce has broadcast its Q2 GDP data across a diverse array of nine L1 and L2 networks. The move transforms a report into a permanent, globally-verifiable cryptographic fact, auditable by anyone on Earth. Summary U.S. Department of Commerce publishes Q2 2025 GDP data on nine blockchains, including Bitcoin, Ethereum, and Solana. The…
The crypto market is showing signs of divergence as Bitcoin pulls back, leading to increased interest in altcoins. Summary Bitcoin is showing signs of a pullback, staying near the $110,000 mark Ethereum’s climb to $4,6000 has revived appetite for risk, and altcoins are benefiting As August draws to a close, crypto markets are starting to…
Ethereum price is consolidating just below its all-time high, holding critical support at $3,900. If this zone holds, price action could accelerate toward the Fibonacci extension target at $5,790. Summary Key Support: $3,900 acts as critical support after Ethereum’s breakout above its all-time high. Bullish Structure: Higher highs and higher lows reinforce continuation potential. Upside…
Ethereum treasury firm SharpLink continues to accelerate its ETH purchases, accumulating a $3B treasury. Summary SharpLink’s Ethereum reserves rose to almost 800,000, valued at $3.6 billion Over the last week, the company raised an additional $360.9 million for ETH purchases The company still has $200 million in cash reserves for buying ETH SharpLink continues to…
New Ethereum treasury firm ETHZilla hopes to boost its share price with a major stock buyback. Summary ETHZilla announced a $250M stock buyback to boost its share price Firm holds 102,237 ETH, worth about $489 million The company has $215 million in cash holdings More firms are publicly embracing the crypto treasury strategy. On Monday,…
Wall Street investor Tom Lee says that Ethereum is due to bottom near $4,300 within the next few hours before bouncing back to higher levels. This coincides with BitMine’s recent 4,781 ETH buy. Summary BitMine Chair and Wall Street analyst Tom Lee predicts that Ethereum will bounce back after hitting $4,300. Lee’s post coincides with…
