Bitmine Adds 25,000 ETH to Treasury as Price Drops
25,000 ETH ($47.98M) moved from BitGo to Bitmine in 10 hours — Lee's vehicle keeps accumulating while broader sentiment sours.
Ethereum ecosystem — ETH staking, validator activity, and base-layer protocol news.
25,000 ETH ($47.98M) moved from BitGo to Bitmine in 10 hours — Lee's vehicle keeps accumulating while broader sentiment sours.
Bitmine's chairman argues AI, tokenization, and shrinking Foundation control hand the network to corporate treasuries — and that today's bearish tape is a structural bottom, not a top.
Geoffrey Kendrick frames a trivial bitcoin disposal as a turning point: with ETH-BTC only recording 23 larger upside days on BTC-down days since 2024, the ratio is set to climb from ~0.028 to 0.040…
Geoffrey Kendrick sees the ETH-BTC ratio climbing to 0.04 by year-end from ~0.028 now — ether would beat bitcoin by 40%+ because ETH treasuries stake for yield and never have to sell.
Ethereum co-founder Vitalik Buterin has put forward a new design for synthetic assets built around options mechanics —…
Bitmine's accumulation now controls 4.49% of Ethereum's circulating supply — a single-issuer footprint that makes the Tom Lee thesis the largest non-Bitcoin treasury bet on a public balance sheet.
The transfer follows a five-year dormancy, but the deposit may simply be a rebalance between Bitfinex's own wallets — not a one-way sale.
The wallet is sitting on a $200K paper loss from a two-month-ago dip-buy at $1,999 — and on-chain flows suggest the holder is choosing to cut exposure rather than wait for a bounce.
The proposal swaps collateralized debt positions for option-funded exposure, leaning on slow oracles — a structural rewrite of the DeFi liquidation model that has defined every major crash since 2022.
A long-dormant wallet tied to a defunct 2016 ICO just drained 1,003 ETH through a contract flaw in its own code — the ICO that never shipped now pays out to whoever wakes it up first.
Bitmine has acquired 26,497 ETH in a move that signals a deliberate, long-term accumulation strategy targeting 5% of…
Eleven months in, Bitmine is 90% of the way to its "Alchemy of 5%" target — and the pace of accumulation has not slowed.
The 75% drop in weekly buying is a deliberate taper, not a cooldown — Tom Lee's treasury is roughly 90% to its 5% of ETH supply goal, with staking now generating an estimated $258M a year.
The Zodiac delay-module bug lets an attacker push transactions from affected Safe wallets — the second time in a week a module-based attack has drained funds from the Gnosis stack.
The sale lands at an average $2,041 per ETH — a meaningful reduction in exposure from a long-term holder, adding to the bearish tape when liquidity is already thin.
Tom Lee's publicly traded crypto investment vehicle Bitmine has added another 25,000 ETH to its holdings, deploying…
Eight high-profile departures since January, a contested mandate, and an open challenge to the foundation's public-goods model — the internal fracture now threatens institutional confidence in ETH…
Coinbase's Ethereum Layer 2 network, Base, has launched Azul on mainnet — a significant protocol upgrade that advances…
Ethereum's largest holders are making a decisive move against the trend. Wallets holding at least 100,000 ETH have…
Eight contributors have left since January while rivals circle and Vitalik pushes back: is the EF shrinking into irrelevance, or finally into the lean research org it was always meant to be?