
BitMine Boosts ETH Treasury to $4.96B as Ethereum Open Interest Nears $60B
Ethereum surged past $4,360 on Monday, marking its fifth consecutive daily gain amid aggressive corporate treasury accumulation by BitMine and Fundamental Global.
Ethereum surged past $4,360 on Monday, marking its fifth consecutive daily gain amid aggressive corporate treasury accumulation by BitMine and Fundamental Global.
Ethereum price surged 6.5% to $4,330 on August 10 as Fundamental Global unveiled a $5B ETH treasury accumulation plan.
The DeFi TVL patterns are similar to the 2021 altseason, which sent Ethereum to its record high.
Spot Ethereum ETFs recorded over $460 million in inflows on August 8, with BlackRock’s iShares Ethereum Trust (ETHA) leading at $254.7 million.
Ethereum broke through $4,050 resistance on August 8 following Sharplink Gaming’s $200 million direct offering announcement to expand their Ethereum treasury beyond $2 billion.
Buterin said that Ethereum’s long-term success should not be put at risk by reckless borrowing and speculative strategies.
Ethereum falls below $3,700 despite major corporate buys, with market signals hinting at further decline.
Nasdaq-listed SharpLink Gaming purchased 26,192 ETH worth $96 million, taking its total holdings to 464,382 ETH (~$1.63 billion).
Ethereum maintained its $3,802 price level on July 30 despite broader market weakness, supported by its 10-year anniversary celebrations, SEC approval of ETF in-kind redemptions, and surging institutional demand with BlackRock’s ETF now holding over 3 million ETH.
Despite ETH’s 4% decline, Standard Chartered predicts major institutional inflows could push Ethereum above $4,000, with treasury accumulation happening twice as fast as Bitcoin’s growth rate.
Over 32,000 Ethereum tokens flowed into a new wallet from multiple exchanges, bringing optimism to the leading altcoin.
The Ethereum network is experiencing its largest validator exit wave to date, with nearly 693,000 ETH, worth a massive $2.6 billion.
Nasdaq-listed GameSquare Holdings acquired $30 million worth of Ethereum and expanded its crypto investment authorization to $250 million. The company plans to leverage DeFi protocols for yield generation while building NFT portfolios.
Despite market volatility, spot Ethereum ETFs continue to attract capital, with BlackRock’s iShares Ethereum Trust (ETHA) leading the charge.
Ethereum co-founder Vitalik Buterin has raised red flags over Sam Altman’s Worldcoin project, arguing that its one-person-one-ID model threatens the core pseudonymity of crypto culture.