BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury company led by Fundstrat's Thomas Lee, extended its ether (ETH) buying streak purchasing over 200,000 tokens, roughly $800 million, through last week. After the latest purchase, the company held $13.4 billion in combined crypto, equity and cash assets as of Sunday evening, it said in a press release. That includes over $219 million in unencumbered cash, 192 bitcoin (BTC) and a $119 million equity stake in Eightco Holdings ( ...

Last week's massive crypto crash didn’t just hit traders, it also wiped out millions in stolen funds held by hackers who, caught in the panic, misplayed the market with disastrous timing. Blockchain sleuth Lookonchain has tracked at least six wallets linked to known hackers that lost more than $13.4 million after panic-selling ether (ETH) during the downturn. The hackers in question appear to be part of a group of cybercriminals who have recently engaged in cryptocurrency theft. The mention of "6 hacker ...

Core Viewpoint - Citizens Bank predicts that ether (ETH) could exceed $10,000 within the next two years due to increasing adoption, institutional inflows, and a decreasing supply [1][6]. Group 1: Adoption and Demand Drivers - The bank highlights the accelerating adoption of Ethereum as a significant factor that will benefit ether, emphasizing its position as the leading smart contract platform [1][2]. - Institutional adoption, ETF inflows, and real-world asset tokenization are identified as major drivers of new demand for ether [4]. Group 2: Supply Dynamics - The report notes that by 2027, less than 50 million ether may remain liquid out of approximately 120 million currently outstanding, with 35 million already staked [5]. - Mechanisms such as staking, treasury absorption, and the EIP-1559 fee burn are contributing to a shrinking supply of ether [4][5]. Group 3: Market Impact and Valuation - The analysts observe that on-chain settlement volumes are expected to grow exponentially, with ether's market capitalization historically correlating with the total value secured on the network [6]. - In a constrained supply environment, even moderate capital inflows could significantly impact ether's price, leading to projections of it climbing well above $10,000 [6].

In a story that's becoming too familiar to crypto bulls, prices are sliding sharply on Thursday even as gold and silver once gain notch new record highs. Bitcoin (BTC) has tumbled about 2% over the past hour to $108,800, now mostly having given up its bounce from the Friday crash. The action across the rest of crypto shows even steeper declines, with ether (ETH), XRP (XRP) and solana (SOL) among those sporting roughly 3% dips over the last sixty minutes. Precious metals, however, continue to be extremely ...

Friday brought carnage onto crypto markets as U.S.-China trade tensions ratcheted up with Trump threatening a massive increase in tariffs against Chinese goods. Worst-hit among the crypto benchmark CoinDesk 20 Index constituents was Ethereum's native token ether (ETH), nosediving 7% from Friday's session high and hitting its weakest price since late September below $4,100. Its decline far outpaced bitcoin's (BTC) 3.5% drop below $118,000 and the index's 5% plunge. The broad-market downturn spurred a liqu ...

Shares of Galaxy Digital rose 8% in premarket trading Monday as the company rolled out GalaxyOne, a mobile and web platform built to give retail investors access to a blend of cash, crypto, and equity investing tools, with yield at the core. The app gives users access to FDIC-insured high-yield cash accounts, crypto trading, and U.S. equities and exchange-traded funds (ETFs), the company announced in a press release. Galaxy says it’s offering 4% annual returns on regular cash deposits and up to 8% for acc ...

Brazil’s largest investment bank, BTG Pactual’s crypto platform Mynt, has flagged five cryptocurrencies it believes are well-positioned for gains in October: bitcoin (BTC), ether (ETH), solana (SOL), avalanche (AVAX), and sky (SKY). The picks, outlined in a report authored by Matheus Parizotto and João Galhardo, reflect a broader optimism in the crypto market as U.S. interest rates ease and anticipation builds for new crypto ETFs. Bitcoin remains the dominant institutional pick, with more than $3.5 bil ...

Beijing-based VisionSys AI (VSA), a publicly-traded firm dedicated to brain-machine interface technologies and artificial intelligence systems, unveiled Wednesday a $2 billion Solana (SOL) treasury strategy, joining a growing trend of listed companies pivoting to digital asset treasury plays. The initiative, led by VisionSys subsidiary Medintel Technology, is to begin with a plan to acquire and stake $500 million in SOL within the next six months, the company said in a press release. The firm teamed up wi ...

Group 1 - YZi Labs, founded by Binance co-founder Changpeng "CZ" Zhao and Yi He, has increased its investment in Ethena Labs, which operates the USDe protocol, now valued at over $13 billion in circulation, making it the third-largest U.S. dollar-denominated crypto asset [1] - Ethena Labs is expanding its presence on the BNB Chain and is developing products that bridge crypto and traditional finance, including a fiat-backed stablecoin called USDtb and an institutional settlement layer named Converge, in collaboration with Securitize and partners related to BlackRock [2] - USDe, described as a "synthetic dollar," utilizes bitcoin, ether, and Solana as backing assets, maintaining a $1 peg through short perpetual futures positions, and has surpassed the $10 billion supply milestone faster than any other dollar-pegged crypto asset [3] Group 2 - Ethena has positioned itself as a leader in yield-bearing synthetic dollars since its initial meeting with YZi Labs in late 2023, providing users with more options for utilizing digital dollars across various platforms [4] - The introduction of products like Converge aims to establish a familiar settlement layer for tokenized assets, which could enhance the adoption of on-chain financial infrastructure among institutions [4]

Group 1 - Brera Holdings (BREA) has raised $300 million to enter the Solana (SOL) digital asset treasury space, with backing from notable investors including Pulsar Group, ARK Invest, RockawayX, and the Solana Foundation [1][2] - Following the announcement, Brera's shares increased by 14%, while SOL experienced a 5% rise in the past 24 hours [2] - The company plans to hold and stake SOL tokens, develop validator infrastructure in Abu Dhabi, and generate revenue from Solana-native projects [3] Group 2 - Marco Santori, a prominent digital asset lawyer, has been appointed as CEO of the newly rebranded Solmate, with a board that includes economist Arthur Laffer and executives from RockawayX and the Solana Foundation [4]