BitMine Immersion Technologies, a publicly traded cryptocurrency treasury company linked to investor Tom Lee, is carrying significant unrealized losses on its Ether holdings following the latest wave of market liquidations, underscoring the risks facing crypto balance-sheet strategies during sharp downturns. After acquiring an additional 40,302 Ether (ETH) last week and increasing its total holdings to…
Activity on major altcoin networks, namely Solana and Ethereum, saw major milestones in January. Daily active addresses on Solana consistently topped 5 million in the second half of the month. Ethereum overtook major layer 2s in December in terms of daily active addresses after major upgrades to the network. In January, the network marked a…
Ether (ETH) could see another sharp drop after losing the support level at $2,800, with technical charts and onchain data suggesting the downtrend will continue. Key takeaways: Ether’s descending and symmetrical triangle setups converge at $2,100. Ether is at levels that have previously preceded deeper price corrections, based on onchain data. Ether’s chart technicals converge…
Ethereum co-founder Vitalik Buterin said he has earmarked 16,384 Ether, worth about $45 million, to support privacy-preserving technologies, open hardware and secure, verifiable software systems. In a post on X, Buterin said the funds were withdrawn from his personal holdings and will be deployed over the next few years. He framed the move as part…
The governance backing the Optimism blockchain has approved a proposal to allocate 50% of all Superchain revenue to buy back the network’s token over the next 12 months, starting in February. The proposal was initially submitted by the Optimism Foundation on Jan. 8 as part of a push to expand the utility of the Optimism…
Unclaimed Ethereum tokens from the infamous 2016 hack on The DAO will be redirected into a new security fund aimed at strengthening the network, says Ethereum advocate Griff Green. “There’s a lot of money just sitting in random contracts that were supposed to be returned to people who were affected by the hack,” Green said…
ETH price charts confirmed a triangle breakdown, shifting the near-term bias lower and putting $2,250 in focus if sellers stay in control. Ether (ETH) is now more than 14% below its local peak near $3,400, underscoring the sellers’ tenacity above $3,000. A bearish technical setup suggests the pressure may extend into February. Key takeaways: ETH…
Ether held on crypto exchanges has declined over the last six months as the price of Ether has held steady, while holders are continuing to participate in staking, according to Santiment. In an X post on Tuesday, Santiment shared data from Sanbase showing that after July saw the highest amount of Ether (ETH) on exchanges…
Ethereum layer 2 MegaETH has penciled its mainnet launch for Feb. 9 after a rigorous “global stress test” last week to ensure the high‑speed chain is ready for public use. “Get ready for the fastest* EVM chain ever,” MegaETH co-founder and chief technology officer Lei Yang posted to X on Wednesday after the chain was…
An Ethereum smart contract standard enabling trustless artificial intelligence agent communication on the network is “probably” going to be deployed on mainnet on Thursday, according to Marco De Rossi, head of AI at MetaMask. Further development of ERC-8004 has been “frozen […] and we will go to mainnet midweek, probably around Thursday, 9 AM ET,”…