Ethereum surged 18% during the day as spot trading volume rose sharply on major global exchanges, putting ETH at the center of market risk developments. Market data showed that ETH was trading near the $2,500 level during the rally, with spot volume reportedly increasing by around 400% compared to the previous 24-hour average. This is … Read more
U.S.-listed spot Ethereum exchange-traded funds (ETFs) recorded $70.62 million in net outflows on Friday, ending a five-day inflow streak. Ethereum funds saw net inflows of $211.25 million over the previous five sessions, from July 17 through Thursday, according to SoSoValue. data. They still recorded $103.9 million in net revenue for the week ended Friday. Despite … Read more
Bitmine, Ethereum’s main treasury company, said Monday that its Ether holdings had reached 5.78 million tokens, representing about 4.8% of Ethereum’s circulating supply, as the company moved closer to its stated goal of accumulating 5% of all ETH. According to Monday’s announcement, the company added 7,430 ETH (ETH) over the past week. Around 4.9 million … Read more
BitMine Immersion Technologies added a major position in Ethereum to its balance sheet, but market reaction shows that investors are not automatically rewarding every corporate crypto cash move. The company disclosed the purchase of 42,197 ETH, valued at approximately $73 million, in an SEC filing on July 16. The acquisition expands BitMine’s Ethereum treasury strategy … Read more
BNB Chain has reached a new high in real-world tokenized assets, with RWA.xyz data showing approximately $5.2 billion in tokenized assets on the network. This is an important number because the tokenization of real-world assets is no longer just an Ethereum story. Ethereum still leads the industry by a wide margin, but BNB Chain’s growth … Read more