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Crypto

BitMine buys 101,901 more ether, total holdings rise to 5,078,386 ETH

BitMine Immersion Technologies bought an additional 101,901 ether last week, lifting its total holdings to 5,078,386 ETH. CoinDesk reported the holding equals about 4.21 percent of ether in circulation and the purchase is worth about $236 million at current prices. Chairman Tom Lee called crossing 5 million ether an important milestone toward securing 5 percent of supply. The company said it stakes about 3.7 million ether and is expanding staking services.

Crypto

Ethereum stuck near $2,300 as retail selling weighs despite whale accumulation

Ethereum is trading above the $2,300 level but has struggled to break higher as selling pressure from retail investors persists. While whales and companies such as BitMine continue to accumulate, retail investors are exiting through Binance, limiting upside. Market sentiment remains neutral and price has moved in a narrow range. Sell walls have formed above $2,330, while support is seen near $2,200. Open interest has declined, and Ethereum’s market share has slipped.

Crypto

Ethereum weak despite record staking share; warning of 10 percent drop versus bitcoin

Ethereum is showing signs of further short-term weakness against bitcoin despite reaching a record staking share. The ETH/BTC ratio has entered a zone where it could fall about 10 percent to around 0.026 BTC by May, according to Cointelegraph. On-chain data show staking hit an all-time high of 32.33 percent, with 39 million ETH staked across about 816,578 validators, worth about $90.26 billion.