Bitmine now holds more than $2.9 billion in Ethereum (ETH), positioning itself as the world’s largest institutional ETH treasury. The company reached this milestone after accumulating 833,137 ETH tokens. With this rapid acquisition, Bitmine signals its intent to lead in institutional Ethereum holdings. According to its official disclosure, Bitmine aims to control up to 5%…
Singapore-based digital asset firm QCP Capital published cryptocurrency market analysis noting that Bitcoin experienced its third consecutive Friday selloff, with prices briefly touching the $112,000 support level and triggering over $1 billion in liquidations of leveraged long positions across the cryptocurrency market since Friday. This sharp decline occurred amid a risk-averse atmosphere in traditional financial…
XRP is up 5% over the past 24 hours, offering temporary relief from the bearish pressure that has dragged its price downward over the last week. While the recent uptick reflects broader improvements across the crypto market, on-chain data show asset-specific trends could be fueling XRP’s rebound. XRP Sentiment Shifts as Futures Buy Pressure Builds…
An analyst on X (Twitter) claims that renowned venture capital fund Paradigm holds up to $765 million worth of HYPE tokens. Is this a strategic vote of confidence or a precursor to a potential sell-off that could shake the market? Paradigm’s Involvement with Hyperliquid According to MLM, Paradigm holds approximately $765 million in HYPE (Hyperliquid‘s…
The month of August could bring about a new wave of crypto tokens that investors will gush over. Generally the ultimate seal of approval is considered as their listing on Binance and some tokens have a better chance than others. BeInCrypto has analyzed three such altcoins that could likely witness their listing on Binance in…
Lido DAO is currently facing pressure from multiple directions: declining market share, organizational restructuring, technical concerns, and a surge in withdrawal demand. Lido continues to play a significant role in the Ethereum ecosystem. However, to sustain its influence, it must show greater adaptability, innovation, and transparent governance than ever. Lido’s ETH Staking Market Share Hits…
Crypto inflows contracted to $223 million last week, cutting short the potential to reach $1 billion after the trajectory earlier in the week had made it possible. It followed a series of US economic signals, including the FOMC, with macro data coming in better than expected. Crypto Inflows Near $1 Billion but Macro Data Reversed…
ENA, the native token of the Ethereum-based synthetic dollar protocol Ethena, is today’s top-performing crypto asset. Currently trading at $0.60, its price is up by 11% over the past day. This rally follows a sharp rise in the circulating supply of USDe, Ethena’s synthetic dollar-pegged stablecoin. With aligning bullish technical indicators, ENA appears poised to keep…
While the rest of the crypto market searches for coins pushing all-time highs, the Pi Coin (PI) price has been busy doing the opposite, notching fresh lows, one after another. The PI token is down 1.2% in the past 24 hours, and nearly 25% over the last month. The latest all-time low? Just yesterday. However,…
Murad Mahmudov, a well-known investor and meme coin proponent, predicts that older meme coins will continue to outperform their newer counterparts. This forecast comes amid a broader bull run, where meme coins as a whole are benefiting from renewed investor enthusiasm. Why Investors Are Betting Big on Older Meme Coins According to CoinGecko data, the…