Quick Breakdown: The blue-chip NFT market saw a significant decline, coinciding with a retreat in Ethereum's price. Top collections like Pudgy Penguins and Bored Ape Yacht Club experienced double-digit drops in their floor prices. CryptoPunks showed resilience, with only...
Quick Breakdown ETH Outlook: Tom Lee expects Ether to bottom near $4,300 and rally toward $5,400. Treasury Expansion: BitMine now holds $7.5B in ETH, accounting for 40% of corporate Ethereum reserves. Crypto Crash Context: Tuesday’s market dip erased $200B,...
BitMine Immersion Technologies (NYSE American: BMNR) has cemented its position as the world’s largest Ethereum treasury, reporting total crypto reserves of $6.61 billion as of August 17. The company now holds 1.52 million ETH, valued at $4,326 each, alongside...
Institutional investors are increasingly favouring Ethereum treasury companies over US spot Ethereum exchange-traded funds (ETFs), according to Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick. Kendrick argues that companies like Sharplink Gaming (NASDAQ: SBET) provide better exposure to...
