Tom Lee Says Ethereum Is Grossly Undervalued as Tokenization Boom Takes Off

The post Russia Drops Wallet Reporting From Its Final Crypto Bill: Here’s What the Law Now Says appeared on BitcoinEthereumNews.com. Key Takeaways Russia’s Duma committee approved the final crypto bill draft, with second and third readings eyed for July 21. The revised text drops mandatory wallet-address reporting; only balances and transaction flows must be declared. The Bank of Russia plans to cap retail purchases near $4,000 a year, limited to BTC, ETH and USDT from 2026. A Major Reform Is Underway Russia’s parliamentary Committee on Financial Markets has approved the final version of the country’s sweeping digital currency bill, clearing the path for its second reading in the State Duma. The committee, chaired by lawmaker Anatoly Aksakov, signed off on a package of amendments that softens some of the draft’s most contentious surveillance provisions while keeping the state firmly in control of who may buy and sell crypto assets. Image source: X The most notable change removes mandat

The post Bitmine buys another $70M in ETH as treasury nears 5% of supply appeared on BitcoinEthereumNews.com. This article has been updated to include a chart showing Bitmine’s share price performance over the past day. Bitmine has increased its Ethereum treasury with another $70 million purchase, taking its holdings to nearly 5% of the token’s circulating supply. Summary Bitmine has purchased another 40,000 ETH worth about $70 million, taking its Ethereum treasury close to 5% of the token’s circulating supply. Most of the company’s Ethereum holdings remain staked through its validator network, with staking expected to generate significant annual rewards. Chairman Tom Lee has pointed to growing Ethereum adoption and improving regulatory prospects while the company’s shares closed lower on Tuesday. According to blockchain analytics platform Lookonchain, Bitmine acquired 40,000 ETH on Tuesday through two wallet addresses in transactions traced by Arkham Intelligence to hot wallets operat

Russia’s State Duma Financial Markets Committee has approved the final version of the country’s landmark crypto bill, dropping mandatory wallet-address reporting and clearing the way for a second reading. A Major Reform Is Underway Russia’s parliamentary Committee on Financial Markets has approved the final version of the country’s sweeping digital currency bill, clearing the path […]

The post Ethereum’s treasury boom now has one company nearing 5% of supply appeared on BitcoinEthereumNews.com. Ethereum treasury company BitMine said it now holds 5,742,237 ETH, or 4.8% of Ethereum’s (ETH) 120.7 million token supply, putting one public treasury within 0.2 percentage points of its stated 5% ownership target. BitMine’s buying pace, staking choices, financing route, and eventual selling discipline now shape how ETH demand shows up across crypto markets and listed equities. The firm said its total crypto, cash, marketable securities, and strategic holdings stood at $11.1 billion as of June 28. It also said 4,879,157 ETH was staked as of July 5, worth about $8.8 billion at $1,800 per ETH, or roughly 85% of its ETH position. Infographic showing Bitmine’s 5.74 million ETH holdings, 4.8% supply share, staked ETH, staking revenue, and concentration-test signals. A near-5% stake changes three channels The first change is liquid supply, as BitMine’s 5.74 million ETH is a concent

This article has been updated to include a chart showing Bitmine’s share price performance over the past day. Bitmine has increased its Ethereum treasury with another $70 million purchase, taking its holdings to nearly 5% of the token’s circulating supply.…

The post Charles Hoskinson Says Ethereum Is Copying Cardano’s EUTXO Model appeared on BitcoinEthereumNews.com. The post Charles Hoskinson Says Ethereum Is Copying Cardano’s EUTXO Model appeared first on Coinpedia Fintech News Cardano founder Charles Hoskinson said Ethereum is attempting to adopt Cardano’s Extended UTXO (EUTXO) model without acknowledging its origins. His comments followed a proposal by Ethereum Foundation researcher Toni Wahrstätter for native UTXOs on Ethereum. The debate highlights differing views on smart contract design as Ethereum explores potential protocol changes. The proposal is expected to … Source: https://coinpedia.org/crypto-live-news/charles-hoskinson-says-ethereum-is-copying-cardanos-eutxo-model/

The post Tether USDT Burn Marks Largest Ethereum Reduction in 2026 appeared on BitcoinEthereumNews.com. On July 7, 2026, Tether executed a $2.5 billion USDT burn on the Ethereum network — its largest single reduction of stablecoin supply since February 2026. The move landed the same day Binance’s USDT balance on the Tron network slipped below a key threshold, raising questions about what these two simultaneous shifts say about stablecoin liquidity and cross-chain dynamics heading into mid-2026. Key takeaways Tether burned $2.5 billion worth of USDT on Ethereum on July 7, 2026, its largest single burn since February 2026. Binance’s USDT balance on the Tron network fell to approximately $806 million, dropping below the $1 billion mark. That Tron balance represents Binance’s lowest USDT holding on the network since December 29, 2025. USDT burns are typically linked to treasury management and cross-chain rebalancing, not to supply destruction in the traditional sense. Analysts flagged the

The post ETH Price Prediction: Bears Hold the Keys Below $1,794 — A $1,695 Test Is Coming appeared on BitcoinEthereumNews.com. Joerg Hiller Jul 08, 2026 07:17 ETH is grinding at $1,748.95 with MACD momentum completely flatlined and price pinned below both its 7-day and 50-day averages. A failure to reclaim $1,794 resistance within the next 24–48 hours se… Market Context: Why ETH Is Moving Now Ethereum is not moving — and that’s precisely the problem. After tagging an intraday high of $1,813 on July 8, ETH has spent the day bleeding back toward session lows near $1,741, representing a clean 1.81% decline with no meaningful buyer response on the tape. The macro picture is equally uninspiring: price sits roughly 22% beneath its 200-day SMA at $2,246, which in any veteran trader’s book is not consolidation — it’s structural damage. What makes this setup particularly treacherous is the compression. ETH is currently sandwiched between its 20-day SMA below at $1,680 and its