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Showing posts with the label ethereum

BitMine Buys The Dip Again, Has Scooped Up $1.48 Billion In Ethereum Since Market Crash

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BitMine, the world’s largest corporate holder of Ethereum, bought another $281 million worth of ETH yesterday, lifting its total purchases to $1.48 billion since the flash crash on Oct. 10. According to the X account “BMNR Bullz,” BitMine bought another 72,898 ETH for $281 million yesterday, and a total of 379,271 ETH in three separate buys since the record $19 billion in liquidations during the crash earlier this month. 🚨 MASSIVE ETHEREUM ACCUMULATION Bitmine just went ALL IN on $ETH scooping up a total of 379,271 ETH ($1.48B) during the dip! 👀 💰 +72,898 ETH ($281M) yesterday's dip 💰 +104,336 ETH ($417M) 3 days ago 💰 +202,037 ETH after the weekend crash Tom Lee wasn’t joking when he said… pic.twitter.com/oiyhLO79wk — BMNR Bullz (@BMNRBullz) October 18, 2025 BitMine bought 104,336 ETH for around $471 million three days ago and another for 202,037 ETH shortly after the market-wide pullback. BitMine, ...

Bitmine Receives 23,823 Ethereum From BitGo As Institutional Accumulation Continues

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Vitalik Buterin Says DeFi Can Replace Ethereum’s ‘Embarrassing’ Meme Coins, Drive Revenue Like Google’s Search

Ethereum co-founder Vitalik Buterin said low-risk DeFi could become Ethereum’s main revenue engine, replacing its reliance on ”embarrassing” meme coins, and NFTs. Such DeFi protocols can fund the network while avoiding speculative, short-lived revenue sources, bringing it back into alignment with its founding goals, Buterin said in a blog post titled, “Low-risk DeFi can be for Ethereum what search was for Google.” “It’s just not possible to say with a straight face you are excited about the ecosystem because it’s positively changing the world, if its single largest application is political memecoins,” Buterin said. “Low-risk DeFi, with a goal of enabling global permissionless access to payments and to the best savings opportunities, is a form of finance that is positively changing the world.” Ethereum co-founder Vitalik Buterin said “low-risk DeFi” could become Ethereum’s core application, similar t...

Bitwise Files For Stablecoin And Tokenization ETF, Says SEC Shift May Unleash Crypto ETF Boom

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Bitwise has filed for a stablecoin and tokenization ETF after predicting that new Securities and Exchange Commission (SEC) listing rules could unleash a “flood’’ of crypto funds. The proposed ETF (exchange-traded fund), called Bitwise Stablecoin & Tokenization ETF, will track an index of stablecoin issuers, infrastructure firms, exchanges, payment processors, and regulated crypto ETPs (exchange-traded products with Bitcoin and Ethereum exposure), a ccording to a filing . It will be split evenly between equities tied to stablecoins and tokenization, and crypto assets.  The largest crypto ETP in the crypto asset sleeve will be capped at 22.5%, according to the proposed fund’s prospectus. Bitwise says the filing positions it for growth as stablecoins and tokenization become dominant crypto themes, fueled by regulatory clarity and rising adoption under the GENIUS Act. “The adoption of generic listing standards — which could come as early as O...

Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H

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Ethereum ‘Dying’ Debate Erupts As Messari Flags ETH Revenue Crash Despite All-Time High And Stablecoin Boom

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A heated debate over whether Ethereum is “dying” has erupted online after a Messari analyst flagged a sharp decline in the blockchain’s revenue, even after ETH hit an all-time high and stablecoin activity on the network surges. Messari analyst AJC highlighted on X that Ethereum generated $39.2 million in revenue in August, down 75% from $157.4 million in the same month in 2023 and 40% lower than last year’s $64.8 million. This marked the network’s fourth-lowest monthly revenue since January 2021. “Ethereum is dying,” he said . “Ethereum’s fundamentals are collapsing, but the .eths don’t care so long as the price goes up.” The analyst added that the decline in network fundamentals is “alarming,” despite ETH hitting a new all-time high of $4,953.73 on Aug. 24. ETH price chart (Source: CoinMarketCap )  EHT has since retraced over 13% to trade at $4,300.40 as of 3:17 a.m. EST.  A large part of...

Ethereum Quietly Hits New All-Time High: May Hit $8000 Next

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According to CoinGecko’s ETH data, Ethereum climbed to a new all-time high of $4,946.05 on Aug. 24. ETH has had quite a bullish ride over the last few months. However, ETH’s price fell victim to the ongoing bearish market environment. The second-largest cryptocurrency has faced a steep correction of 6.4% since hitting a new peak. Source: CoinGecko Will Ethereum Continue Rallying After Hitting a New All-Time High? Ethereum’s rise to an all-time high comes nearly four years after its previous peak. Bitcoin (BTC), on the other hand, has hit multiple all-time highs over the last year. ETH’s ascent to a new peak could be due to consistent ETF inflows over the last few months. ETh began an upward movement after its Pectra upgrade in May. The update, coupled with high ETF inflows, may have led to the asset climbing to a new all-time high. According to CoinCodex’s ETH Analysis , Ethereum will continue to rally over the coming months. The platform anticipates the as...

Ethereum Store-of-Value Evolution: From Utility Token To Digital Reserve Asset

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Ethereum Rainbow Chart predicts ETH price for August 31, 2025

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Ethereum’s (ETH) recent rally has cooled, with the asset slipping below the $4,500 mark.  However, the Ethereum Rainbow Chart suggests that higher levels could still be in play by the end of the month for the cryptocurrency. The chart, which applies logarithmic growth curves to long-term valuation bands, categorizes Ethereum’s price into colored ranges. Notably, the model doesn’t predict short-term moves but helps investors gauge whether the asset is undervalued or overheated. Ethereum Rainbow Chart. Source: BlockhainCenter For August 31, 2025, the chart outlines nine possible valuation zones. At the bottom, the ‘Fire Sale’ band spans $899 to $1,217, followed by ‘Undervalued’ ($1,217–$1,680), ‘Accumulate’ ($1,680–$2,359), and ‘Still Cheap’ ($2,359–$3,355). The ‘Steady’ band, often viewed as fair value, ranges from $3,355–$4,832, close to Ethereum’s current trading level. Above that, ‘HODL!’ covers $4,832–$7,015, ‘Is this The Flippening?’ spans $...