XRP price continues to struggle as broader crypto market conditions deteriorate. The token has remained under pressure for several days, failing to sustain recovery attempts.  Despite persistent selling, XRP investors are actively accumulating, aiming to defend key support levels and limit downside risk. XRP Holders Change Their Stance Current market sentiment around XRP remains fragile as liquidation data highlights rising downside risk. According to the liquidation heatmap, XRP long traders face signi ...

Core Insights - BitMine Immersion Technologies (BMNR) has added 102,259 ETH valued at approximately $320 million in the last week, bringing its total ETH holdings to 3,967,210 ETH, valued at over $12.4 billion [1][2] - The firm also holds 193 BTC worth around $17 million and has $1 billion in cash [1] - BitMine's Chairman, Tom Lee, expressed confidence that Ethereum has bottomed for the year, indicating a belief in a recovery of crypto prices following the price shock on October 10th [4] Group 1: Company Holdings and Strategy - BitMine continues to accumulate ETH, reinforcing its position as the leading ETH treasury firm amid fluctuating ETH prices [3] - The firm aims for an 'alchemy of 5%' target in its ETH accumulation strategy [3] - In a previous purchase, BitMine acquired approximately $429 million of ETH, marking its largest acquisition since October [4] Group 2: Future Prospects and Revenue Generation - BitMine is developing a bespoke staking solution called The Made in America Validator Network (MAVAN), which is expected to generate up to $400 million in annual staking revenue from its holdings [5] - Positive developments in digital assets, including favorable legislation and Wall Street support, are seen as indicators of a bright future for crypto [3] Group 3: Market Performance - Shares of BMNR have decreased nearly 7% since the opening bell on Monday, trading at $32.48, and have dropped nearly 80% since reaching a yearly peak of $161 on June 30 [6] - ETH has experienced a decline of over 2% in the last 24 hours, trading at approximately $3,010 [6]