Search results for Etherealize
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 long-term outlook still bold even after cut to $250,000
Ethereum think tank Etherealize projected a long-term price target of $250,000 for ether, down from its earlier $740,000 estimate but still implying a sharp rise from around $2,300. It said ether could combine store-of-value characteristics with yield through staking under proof of stake. It argued that if ether gained a monetary premium comparable to gold and bitcoin, the price could exceed $250,000 based on 121 million ETH in circulation.
Crypto
Ethereum-based stablecoins top $180 billion, hold 60 percent market share
The on-chain value of stablecoins on the Ethereum network rose to a record $180 billion. Token Terminal estimated Ethereum accounts for 60 percent of total stablecoin supply, up 150 percent from three years ago. It projected $1.7 trillion could flow on-chain across networks over four years, with $850 billion potentially going to Ethereum by 2030 under a 470 percent expansion assumption. Other datasets put Ethereum’s stablecoin value at $168 billion, with 56 percent share, rising above 65 percent including layer-2 networks.
