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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, ...

Since bitcoin (BTC) treasury company mania peaked on May 12, David Bailey’s Nakamoto (NAKA) has been at the forefront the industry’s subsequent decline. The drop from $28.50 per share to yesterday’s close at $0.96, represents a 96% loss for shareholders since the opening bell of David Bailey’s deal. Widely credited with encouraging Donald Trump to reverse his anti-bitcoin stance and securing his keynote speech at the world’s largest bitcoin conference, Bailey has championed other Trump initiatives like his oddly named US Strategic Bitcoin Reserve that has purchased 0 BTC to date. During Trump’s election and early weeks in office, Bailey also shared lofty predictions about Nakamoto, his own public company. Shares of KDLY, which soon changed ticker symbol to NAKA, opened for trading on May 12 at a breathtaking 1,000% premium to KDLY’s price one week prior. Bailey billed Nakamoto as a treasury company of treasury companies , a meta-play on an ostensibly ingeniou...

On Monday, thousands of investors joined a social audio space on X to discuss the worst day since David Bailey took Nakamoto (NAKA) public. Its title, NAKA -60%: Is the Bitcoin Treasury Trend Over? , highlighted the stock’s 60% weekend price drop to an all-time low of $1.16. From its all-time high of $34.77 on May 22, its crash to $1.16 this morning marked a 96% decline . Bailey once cheered as his bitcoin (BTC) treasury company traded up to 23 times the value of its BTC holdings. Today, his company’s multiple-to-Net Asset Value or mNAV multiplier has declined 96% — mirroring its share price decline — to 0.82x. Not content with simply becoming another BTC treasury company like Michael Saylor’s Strategy, Bailey promoted Nakamoto as a treasury company of BTC treasury companies . Although early speculators were excited about the multiplying spin of Bailey’s meta-strategy, excitement has evaporated since May. In an increasingly emotional series of tweet...

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...

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The global non-fungible token market has undergone significant changes, shifting from a period of rapid growth and high trading sales volume to a more constant landscape. Even though some NFT collections have maintained relevance and value, many other NFTs have experienced price declines and reduced interest. In this article, we will evaluate in detail the rise of Solana-based NFTs and their sudden fall in recent months. Solana Drops To The 7th Spot In The NFT Market Chart Data compiled by CryptoSlam, one of the leading on-chain crypto market data aggregators and non-fungible token market explorers, shows that Solana, an open-source blockchain network that supports smart contracts, such as non-fungible tokens and a variety of decentralised applications, has plunged in terms of trading sales volume again this month. In the past 30 days, the Solana-based NFT collections have amassed trading sales volume of $30 million. During this time, the Solana NFT sales volume has plunged by 23% fr...

Though the trading days since March 11, and particularly since March 23, brought renewed hope for cryptocurrency investors with, for example, Bitcoin (BTC) rallying nearly 10% within two weeks, the 24 hours between Thursday and Friday moved the needle back into fear. The 24 hours leading up to press time on March 28 generated a 3.70% market-wide crash that ensured the total market capitalization of digital assets plummeted by just over $100 billion to $2.71 trillion. Total cryptocurrency market capitalization 24-hour chart. Source: TradingView The valuation and price drop has been accompanied by a new shift in the ‘Fear & Greed Index,’ per the data retrieved by Finbold from CoinMarketCap . Specifically, investor sentiment hit 12-month lows earlier in March, only to enter a sharp recovery in more recent sessions. Picks for you Crypt...