Bitcoin’s futures market saw a sharp leverage reset as BTC Open Interest fell 19.5%, outpacing the price decline. The pullback from $26.0 billion to $20.89 billion suggests traders reduced exposure, shifting attention toward spot demand. Leverage Reset Shifts Focus to Spot Demand Bitcoin’s futures market has undergone a sharp leverage reset. Traders are now watching […]
Tom Lee’s Bitmine buys 52,203 ETH, raising holdings to 5.67M ETH as its $10B position faces a $9.5B paper loss. Bitmine Immersion Technologies bought another 52,203 ETH last week, worth about $92 million. The purchase raised the company’s total Ethereum holdings to 5,672,956 ETH. The company valued its ETH position at about $10 billion, based […]
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Bitmine has purchased another 52,203 ETH worth about $90 million, bringing its holdings to 4.7% of Ethereum’s total supply. According to a company update released on Monday, Bitmine’s latest purchase increases its exposure to Ethereum despite continued weakness in the…
Crypto ETF flows stayed divided in the holiday-shortened week ending June 19, with bitcoin funds posting $226.8 million in outflows and ether ETFs slipping by $10 million. Altcoin products told a stronger story, with a combined addition of $46 million into HYPE, XRP, and solana ETFs. Altcoin ETFs Gain Momentum as Bitcoin Funds Post Sixth […]
Aerugo, the Ethereum Foundation’s Chief Strategy Advisor, outlined how EF will implement its new mandate: treating MEV extraction as a structural threat, making privacy a protocol default, and moving EF compensation into ETH and Ethereum-native stablecoins.