Tom Lee's Bitmine buys $81 million of ETH in largest weekly haul since early July
The treasury firm stepped up its ETH buying as Tom Lee said the crypto’s 30% weekly rally could signal a larger move ahead.
ETH
Bitmine (BMNR) buys $14 million in ETH as Tom Lee expects tailwind for crypto
Bitmine Immersion (BMNR), the largest Ethereum treasury firm, bought another 7,391 ether ETH$1,895.42 last week. The purchase, worth roughly $14.2 million at ether’s price as of writing of $1,915, lifted the company’s holdings to over 5.8 million ETH, or about 4.8% of Ethereum’s total supply.… Read More
New Ethereum proposal would cut issuance to zero if staked ETH reaches $112 billion
Validators would still be paid the same way for doing the same work, and they keep all the transaction fees and tips they earn from building blocks. Only the newly created ETH gets burned. The deduction from validator rewards arrives slowly, phasing in over 18… Read More
Prices retake $65,000 as oil slides, ETH outperforms
Risk-on peace trades are back in vogue after the U.S. and Iran held fire on Sunday, sending oil prices lower. Bitcoin BTC$65,485.12, the leading cryptocurrency by market value, is back above $65,000, with prices up about 1.2% over 24 hours. Ether (ETH) has risen by… Read More
Ethereum (ETH) developers are exploring new token standards as privacy returns to focus
For years, privacy in transacting was one of crypto’s most ambitious promises. Then it took a back seat as other trends took off. As developers focused on scaling blockchains and regulators scrutinized privacy tools such as Tornado Cash, much of the industry’s attention shifted elsewhere.… Read More
Bitcoin (BTC), Ether (ETH) suffer worst weekly drop since FTX crash
Crypto investors endured one of their toughest week in years as a wave of selling wiped out hundreds of billions of dollars from digital asset markets. Bitcoin BTC$60,593.14 fell 17.3% this week while ether (ETH) dropped 22%, putting both assets on track for their largest… Read More