BitMine Immersion Technologies has added over 7,000 ether for roughly $19.8 million to its stash that currently accounts for more than 3% of the flagship altcoin’s total supply. Summary BitMine has bought 7080 ETH for approximately $19.0 million. The firm now holds over 3.7 million ETH, representing more than 3% of Ethereum’s circulating supply. Data…
Ethereum tests key Fibonacci support within a broader downtrend as RSI and Stochastic RSI flash oversold signals, leaving both rebound and further downside in play. Summary ETH is rejecting a descending trendline and retesting the 0.786 Fibonacci retracement, with lower horizontal supports if this level fails. Sideways action since early 2024 means a break of…
Amundi launches an Ethereum-based tokenized share class of its euro money market fund, using CACEIS wallet infrastructure to enable on-chain orders, with settlement in stablecoins or future CBDCs while keeping traditional channels open. Summary Amundi’s new share class, Amundi Funds Cash EUR – J28 EUR DLT, records ownership and transactions on Ethereum for transparency and…
BitMine Immersion Technologies, the Nasdaq-listed crypto treasury firm led by Tom Lee, bought 14,618 ETH worth about $44.34 million. Summary BitMine bought 14,618 ETH through BitGo at an average price of $3,033 per coin. The firm now holds 3.63M ETH, about 3% of supply, moving closer to its 5% target. BitMine plans to stake ETH…
Ethereum’s mainnet has elevated its block gas limit to 60 million, the highest level the network has reached in four years, according to network data. Summary The Ethereum mainnet has raised its block gas limit to 60 million. Over 513,000 validators signaled support for the increase, triggering an automatic adjustment without requiring a hard fork….
Ethereum price failed to bounce back above $3,000 today as investor demand for staking the token continues to weaken. Can Ethereum bulls manage to regain momentum and push past this crucial level? Summary Ethereum price is down 30% over the past month. The amount of staked ETH has significantly dropped over the past months. A…
Ethereum price failed to bounce back above $3,000 today as investor demand for staking the token continues to weaken. Can Ethereum bulls manage to regain momentum and push past this crucial level? Summary Ethereum price is down 30% over the past month. The amount of staked ETH has significantly dropped over the past months. A…
Monad’s first week on mainnet hasn’t been entirely smooth, with users now reporting spoofed ERC-20 token transfers after mainnet launch. Summary Monad users reported spoofed ERC-20 transfers shortly after MON debut. The fake transfers don’t move funds but are crafted to look legitimate, a common scam tactic on new EVM chains. No assets have been…
Ethereum has been in a downtrend for over four weeks, forming what appears to be a bearish rounded top that suggests it may be at risk of further losses in the coming weeks. Summary Ethereum price is down by 41% from its year-to-date high. Bearish macro catalysts resulting in weak demand have kept ETH price…
Bitwise CIO Matt Hougan believes Ethereum could lead the next crypto rally, pointing to an upgrade catalyst that investors are overlooking. Summary Bitwise CIO Matt Hougan says Ethereum could lead next crypto rally with Fusaka upgrade. The December 3 Fusaka upgrade introduces minimum Layer 2 data fee for revenue capture. Hougan sees tokens shifting to…
