BitMine ETH holdings reach $6.6B as share price tumbles 14% in one week
BitMine and SharpLink, the two largest corporate holders of ETH, have been racing to accumulate more Ether as ecosystem interest heats up.
BitMine and SharpLink, the two largest corporate holders of ETH, have been racing to accumulate more Ether as ecosystem interest heats up.
Ethereum achieves its highest weekly close in four years, with key support between $4,000 and $4,150 and several resistance levels above.
A savvy trader turned a $125,000 investment into almost $43 million at its peak, before locking in almost $7 million of profit after the market downturn decreased their long positions.
ASICKey executive Samuel Li said that solo Bitcoin miners have a one in 650,000 chance of solving a block every 10 minutes with one petahash of hashpower.
The FSC will introduce a bill that’s expected to provide guidelines on issuance, collateral management and internal control systems for stablecoins.
Low demand-side volume and weakening price technicals could spell trouble for the XRP price, as bulls must reclaim $3 support or face a deeper correction.
Strategy bought $51.4 million in Bitcoin last week as BTC surged to all-time highs above $124,000 last Wednesday, only to dip to $115,000 on Sunday.
Bitcoin no longer has promising odds of a breakout in coming days as opinions differ on what caused the BTC price dip and what will happen next.
A Hong Kong SFC official warned that the new local stablecoin framework has fueled fraud risks, and urged investors to remain cautious amid hype-driven speculation.
Ether continued dominating ETP inflows last week despite Bitcoin printing new highs above $124,000 and ETH only nearing all-time highs.