BitMine added greater than 54,000 ETH value US$173M (AU$264M), lifting its holdings to virtually 3.6M ETH and elevating money reserves to US$607M (AU$929M). Firm Chairman Thomas Lee linked the broader crypto pullback to a liquidity contraction triggered by a wounded market maker lowering exercise after the October crash. Lee believesContinue Reading
Vitalik Buterin showcased Ethereum’s new privateness framework, Kohaku, on the Devcon convention in Buenos Aires yesterday. Kohaku is a software program improvement package (SDK) that helps many privacy-enhancing options and protocols, designed to permit builders to extra simply construct personal pockets infrastructure. Buterin mentioned throughout his look at Devcon thatContinue Reading
Péter Szilágyi, former Geth lead, alleged in a letter that the Ethereum ecosystem has concentrated control by a small core of 5-10 actors and VC firms. Szilágyi claimed that Ethereum’s direction is ultimately controlled by Vitalik Buterin’s friend circle, despite the network’s decentralised nature. He warned that privileged funding routesContinue Reading
UK investors can now access regulated Bitcoin and Ethereum ETPs after the FCA lifted its four-year ban on retail crypto exchange-traded notes. 21Shares, Bitwise, WisdomTree, and BlackRock launched new or expanded Bitcoin and Ethereum ETPs on the London Stock Exchange with competitive fees. The move aligns the UK with globalContinue Reading
Tom Lee’s BitMine Immersion Applied sciences acquired 104,336 ETH price US$417 million, growing complete holdings to three.03 million ETH. Lee maintains his prediction that ETH will attain US$10k by finish of 2025, regardless of a broader crypto market crash. In the meantime, US spot Ethereum ETFs have proven combined efficiencyContinue Reading
US Bitcoin ETFs recorded US$2.2 billion in net inflows last week after strong performance from Fidelity and BlackRock, reversing previous negative flows. The combined US funds now hold 1.31 million BTC worth US$152.7 billion, representing 6.24% of total Bitcoin supply and highlighting ETFs’ growing importance. Ethereum ETFs attracted US$734.3 millionContinue Reading
The Ethereum Foundation has rebranded its “Privacy & Scaling Explorations” program to “Privacy Stewards of Ethereum” (PSE) and released a new roadmap to embed end-to-end privacy into the Ethereum ecosystem. The roadmap is organised around three key areas: private writes, private reads, and private proving. The Foundation’s vision is toContinue Reading
BitMine Immersion Technologies has expanded its Ether reserves with a US$200 million purchase, bringing its total Ether holdings to over 2.1 million ETH, valued at US$9.2 billion. The company, which is the largest public holder of Ether, now controls more than 2.1 million ETH, widening its lead over its closestContinue Reading
Ethereum’s August revenue was US$39.2 million, a 30% drop from July and a 75% drop from the previous year, making it one of the network’s weakest months since 2021. The decline in revenue can be traced back to the Dencun upgrade in March 2024, which significantly reduced fees for Layer-2Continue Reading
Kinto, a Layer-2 protocol on Ethereum, is shutting down on September 30 after a July 10 exploit that drained US$1.55 million in ETH and caused its native token to lose 95% of its value. The protocol’s founder, Ramón Recuero, has announced a controlled shutdown and a limited restitution plan, whichContinue Reading
