Author: driver789
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitmine Immersion Technologies, the world’s largest known Ethereum treasury company, acquired an additional 101,745 ETH last week for over $240 million, pushing total holdings to 5.18 million tokens — as Chairman Thomas “Tom” Lee declared that a new crypto cycle has quietly begun. The latest purchase, which included 10,000 ETH acquired directly from the Ethereum Foundation in an over-the-counter transaction at an average price of $2,292 per token, brings Bitmine’s cumulative ETH position to 5,180,131 tokens — equivalent to approximately 4.29% of Ethereum’s total circulating supply of…
Make CryptoSlate preferred on Aave filed an emergency motion last week to free millions in frozen ETH from a restraining order issued against the Arbitrum DAO, turning what began as a coordinated exploit recovery into a court dispute.Aave LLC said the restraining notice was served on Arbitrum DAO on May 1 and seeks to seize approximately $71 million in ETH that Aave argues belongs to victims of the April 18 exploit. The company asked the court for an expedited hearing and a temporary vacatur, arguing that the recovered assets were designated for user restitution and should not be frozen for…
Telegram founder Pavel Durov said Telegram will replace the TON Foundation as the main driving force behind The Open Network (TON) and become its largest validator, signaling a deeper operational role for the messaging platform in the blockchain ecosystem.In a Monday Telegram post, Durov said TON fees had dropped sixfold to “nearly zero” and that the next step would be to shift the network’s focus toward “tech superiority.” This includes a new website, new developer tools and performance upgrades. The changes are expected over the next two to three weeks, according to Durov, who described the move as a step in…
Ethereum price is showing early signs of a confirmed breakout after pushing above a short-term consolidation pattern that had capped gains over the past week. Summary Ethereum price breaks out of a bull flag pattern near $2,370, signaling renewed upward momentum after recent consolidation. ETH price holds above key 61.8% Fibonacci support at $2,381; resistance seen at $2,400–$2,460 with higher targets at $2,577 and $2,772. Indicators turn bullish as MACD nears crossover and RSI stays above 50; upside projection extends toward $2,800–$3,000. According to data from crypto.news, Ethereum (ETH) climbed around 1% over the past day, trading near $2,370 at…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum treasury company Bitmine has expanded its holdings with another ETH acquisition, reaching 86% of the way to its 5% supply goal. Bitmine Accumulated 101,745 ETH Over The Past Week According to a press release, Bitmine has furthered its Ethereum accumulation over the past week. In total, the treasury company has added 101,745 ETH with this buying spree, worth about $237.8 million at the current exchange rate. Originally a Bitcoin mining-focused firm, Bitmine under the leadership of chairman Thomas “Tom” Lee adopted an ETH treasury strategy in…
Ethereum scaling solution Polygon has launched private stablecoin payments in an effort to attract more businesses and institutions to the chain. In a statement on Sunday, Polygon introduced its new wallet feature that enables users to privately route transactions through a shielded pool, with verification handled by zero-knowledge proofs. The move is part of an integration with privacy protocol Hinkal.“For onchain payments to go mainstream, businesses need privacy. Not ‘hide from regulators’ privacy. Operational privacy,” noted Polygon community lead Smokey on X. Privacy was one of the biggest crypto themes in 2025, with many crypto assets tied to privacy projects surging last…
Western Union has launched its US dollar-denominated USDPT stablecoin on Solana, marking its first move into blockchain-based payments and onchain settlement for its global remittance network. One of the crypto infrastructure platforms involved in the launch, Fireblocks, said on Monday that USDPT is initially being rolled out in Bolivia and the Philippines, while Western Union said it plans to expand the stablecoin to more than 40 countries in 2026.Major remittance companies have been eyeing stablecoins after the passage of the stablecoin-friendly GENIUS Act in July. MoneyGram started offering USDC (USDC) stablecoin services in Colombia in September, while Zelle announced plans to…
The upcoming Ethereum scaling upgrade is drawing attention across the market, raising a critical question about whether a major leap in network capacity can translate into equally strong price growth. The idea sounds straightforward, but the relationship between infrastructure and valuation is rarely that direct. Does A 300% Capacity Increase Translate To A 3x Ethereum Price Move? The conversation begins with the expected “Glamsterdam” upgrade, recently highlighted by crypto commentator @Hasufl. The upgrade is set to raise Ethereum’s gas limit from about 60 million to roughly 200 million, marking a jump of more than three times its current execution capacity.…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum remains one of the leading digital assets ever launched. Despite being around for many years, Ethereum is still seeing major attention and interest from retail and institutional investors across the crypto and financial sectors. A pundit recently flagged the altcoin as one of the cleanest assets currently in the space. Capital is Flowing Back Into Ethereum A strong endorsement of Ethereum is gaining notable attention in the crypto community. While ETH’s price may have fallen sharply from its all-time high, the altcoin is still sought by…
Bitmine Immersion Technologies said its Ethereum holdings reached 5,180,131 ETH as of May 3. Summary Bitmine added 101,745 ETH last week, pushing total Ethereum holdings to 5.18 million tokens now. Staked ETH reached 4.36 million tokens, giving Bitmine about $10.2 billion in staked assets. Ethereum Foundation sales added context as Bitmine moved closer to its 5% ETH supply target. The company valued the position at $2,336 per ETH and said the holdings equal about 4.29% of the total ETH supply. The company said its crypto, cash, and other listed holdings totaled $13.1 billion. That figure included 5.18 million ETH, 200…