This Whale Won’t Stop: $392 Million Ethereum Long and Tight Liquidation Price Revealed

Ethereum has returned to the $3,160 level after the highly anticipated FOMC meeting, where the Federal Reserve cut interest rates by 25 basis points. While rate cuts typically support risky assets, Jerome Powell’s comments added a new layer of uncertainty to the market. Related reading By openly acknowledging the risks of weaker growth coupled with […]

BitMine’s unrealized losses amount to $3.7 billion while the price of Ethereum (ETH) remains stuck below $3,000

A recent report discussed how Digital Asset Treasury (DAT) companies like BitMine and Strategy are sitting on billions of dollars in unrealized gains as Ethereum (ETH) and Bitcoin (BTC) lose crucial support levels. Related reading DATs face ‘increasing scrutiny’ On Thursday, crypto insights firm 10x Research said reported that the largest Ethereum Treasury company, BitMine […]

BlackRock Registers New Ether Trust ETF in Delaware, Eyes SEC Approval

Advertisement &nbsp &nbsp BlackRock wants to go beyond simple exposure to Ether (ETH) and participate in Ethereum’s proof-of-stake consensus system. This comes after a recent filing in Delaware revealed the $13 trillion asset management giant’s intention to enter the yield-bearing Ethereum market. BlackRock is getting closer to deploying Ether ETF BlackRock, the world’s largest asset […]

The CEO of Bitwise predicts that Wall Street will fully buy into Crypto in the next twelve months

Advertisement &nbsp &nbsp Bitwise CEO Hunter Horsley has made one of the boldest predictions in recent memory for digital assets, claiming that every Wall Street institution will be involved in crypto within a year. Sharing his vision on XHorsley declared: “Software is eating the world. Crypto is going to eat the capital markets,” suggesting that […]

Bitmine receives 23,823 Ethereum from BitGo as institutional accumulation continues

Ethereum is trading at critical price levels after a sharp 10% decline from the $4,750 mark, reflecting growing uncertainty in the broader crypto market. The recent correction has pushed ETH towards the $4,300 support zone, a level that bulls are now fiercely defending to avoid a deeper retracement. Despite the pullback, on-chain data suggests that […]