BitMine Plans to Slow ETH Buying Near 5% Supply Goal
TLDR BitMine may slow its Ethereum purchases as it approaches its 5% supply target. Chairman Tom Lee said the company...
Ethereum News
Vitalik Buterin Calls Consortium Blockchains a Failure and Backs Cryptographic Server Upgrades
TLDR: Buterin declared consortium blockchains a failure at Arbitrum Day on July 20, 2024, citing cartel-like structures. He proposed adding...
Tom Lee Declares Crypto Spring as Bitmine Buys $238M ETH
TLDR Bitmine purchased 101,745 ETH worth about $238 million and increased its total holdings to over 5.18 million ETH. The...
Ethereum Gas Limit to Triple After Glamsterdam Upgrade, Fees Could Stay Near Zero for Years
TLDR: Ethereum’s gas limit will increase from 60 million to 200 million following the Glamsterdam upgrade. L1 execution capacity will...
Ethereum Price Structure Tightens as Key Support Near $2,300 Holds
TLDR: Ethereum price structure shows strong compression between the $2,200 support and the $4,800 resistance zone. Monthly chart trendline support...
Ethereum Dip Warning: On-Chain Data and Technical Signals Point to More Downside Ahead
TLDR: Ethereum Exchange Supply Ratio has dropped to low levels, but price has not formed a matching bottom yet. Historical...
Bitmine Stakes $508M ETH in One Day, Now Controls 10.5% of Ethereum’s Total Staked Supply
TLDR: Bitmine staked $508.4M worth of ETH in a single day through six large transfers via Coinbase Prime. The firm...
Ethereum Pulls $1B in Buy Volume on Binance as ETH Drops Below $2,300 Amid Fed Rate Hold
TLDR: Ethereum taker buy volume surpassed $1B on Binance within one hour after ETH dropped below $2,300. OKX recorded nearly...
LayerZero Pledges 10,000 ETH to DeFi United as Industry Rallies Behind Kelp DAO Recovery
TLDR: LayerZero Labs is donating 5,000 ETH and depositing another 5,000 ETH into Aave to strengthen market liquidity. The $292M...
Ethereum Bullish Divergence Signals Strong Buyer Demand as ETH Holds Near $2,300
TLDR: Ethereum’s Taker Buy Sell Ratio has reached its highest level since late January 2023 on all exchanges. ETH prices...
Ethereum Foundation Unstakes $48.9M in ETH Through Lido Finance
TLDR: The Ethereum Foundation deposited 811 wstETH into Lido’s withdrawal contract across 271 batched transactions. ETH held steady at $2,319...
Ethereum Price Eyes Breakout: Can ETH Reclaim $2.8K After Foundation Offloads 10K Coins?
TLDR: Ethereum price trades near $2,300 while holding above key $2,000 support during the early recovery phase Ethereum Foundation sold...
Ethereum Faces $2.4K Resistance as Foundation Sells 10K ETH in OTC Market Move
TLDR: Ethereum trades near $2.3K, staying below the weekly 200 MA and EMA, with $2.4K acting as key resistance. CryptosRus...
Ethereum Staking Surge: Grayscale and Bitmine Commit Nearly $500 Million
TLDR: Grayscale staked 102,400 ETH worth $237M via 32 transactions, bringing its net staking rewards to nearly $38 million. Bitmine...
EIP-8182 Proposes Native Private Transfers for Ethereum Protocol
TLDR: EIP-8182 proposes a shared shielded pool built directly into Ethereum as a native system contract. Fewer than 1 in...