BitMine’s Tom Lee says that Ethereum will eventually flip Bitcoin’s market cap, despite being almost five times smaller currently.
Onchain data suggests that BitMine acquired 104,336 ETH, worth approximately $417 million, on Thursday, as prices fell 20% from their August highs, bringing its treasury to over 2.5% of the total supply.
Brevis achieved 99.6% real-time proving of Ethereum blocks using consumer GPUs, marking a breakthrough toward scaling and phone-based validation.
Crypto executives have tipped Ether to rise as high as 200% by the end of the year, led by corporate Ether purchases, ETF accumulation and Ether locked in staking.
Anton and James Peraire-Bueno appeared in court this week to address allegations involving a $25 million exploit on the Ethereum blockchain.
Bitcoin and several altcoins are facing significant selling pressure on rallies, indicating that the bears are still trying to seize control of the market.
ETH at $100,000 could mean a $12-trillion market cap. Explore ETF inflows, L2 scaling, staking dynamics and Ethereum’s resilience.
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US spot Bitcoin and Ether ETFs reversed course with fresh inflows after a wave of outflows following the recent market meltdown.
The supply of Ether is being pressured like never before, and with increasing institutional demand, the price is expected to continue rising from here, analysts say.