Tom Lee’s Bitmine extends buying streak with $138 million ETH purchase, betting on crypto slump ending
The Ethereum treasury firm led by Thomas Lee now has increased its buying pace for three consecutive weeks even as unrealized losses mount.
Ethereum News
Bitcoin jumps to $70,800 as oil retreats; ether and XRP lag
Oil prices slipped as major economies announced joint efforts to stabilize energy markets.
Bitcoin just surged past $75,000. Derivatives seem to be driving the rally.
Bitcoin’s move, led by unwinding of shorts, has lifted the broader crypto market, with the CoinDesk 20 Index up 5%.
Ethereum Foundation sells 5,000 ether to Tom Lee’s BitMine in $10.2 million deal
The funds will support the EF’s core operations, including protocol R&D and ecosystem grants, as part of a treasury strategy to balance ETH and fiat-like assets.
Ethereum Foundation publishes new mandate defining its role, core principles
The document comes at a point of transition for the organization, following shifts in the blockchain’s technical roadmap and the resignation of a co-executive director.
BlackRock’s new ether ETF for yield hungry investors debuts with $15 million in trading volume
The new ETHB fund launched with over $100 million in assets and traded more than $15 million on day one, offering investors exposure to ethereum plus staking rewards.
‘Mini crypto winter’ nearly over, says Tom Lee as Bitmine ramps up pace of ether acquisition
The company now holds more than 4.5 million ETH, worth over $9 billion, though it is sitting on a loss of nearly $8 billion.
Over $9 billion flees bitcoin and ether ETFs in four months
Record outflows indicate that institutional appetite for digital assets has collapsed.