FG Nexus sells ETH for $32.7M amid NAV crisis
In a sign of systemic stress, digital asset treasury (DAT) companies such as FG Nexus and ETHZilla liquidate millions of Ethereum to buy back shares at a steep discount to NAV.
Ethereum
Ethereum is a decentralised, open-source blockchain platform that allows developers to create and deploy smart contracts and decentralised applications (dApps). Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum offers more than just cryptocurrency transactions as it provides a programmable blockchain where users can create complex, autonomous contracts without the need for intermediaries.
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US Bitcoin ETFs on a run: markets panic
Persistent outflows from Bitcoin ETFs and the extreme fear index (11) contrast with aggressive whale accumulation. Retail is absent while large investors are buying.
Tom Lee's BitMine Doubles on Ethereum: Whale Buying Dip Aiming at $15,000
Tom Lee's BitMine strategically accumulates 72,000 ETH ($281M) in the recent crash, bringing its holdings to 3.03M ETH. The institutional accumulation pushes exchange reserves to lows. Tom Lee and Arthur Hayes predict massive price increases, seeing ETH between $10,000 and $15,000.
Bitmine Immersion Technologies Defies Collapse: Acquired $480M in ETH
After the October market crash triggered by US tariffs, Bitmine bought the dip of ETH at $3.728. The company now holds almost 2.5% of all Ethereum
SWIFT chooses ConsenSys Line for blockchain project
The SWIFT banking consortium selected ConsenSys' Ethereum layer-2 Linea network to test the transition from centralised to on-chain interbank communications. The pilot involves more than twelve banks and examines messaging and stablecoin integration.
SEC Postpones Decisions on Ethereum ETFs, XRP and Solana
The SEC has postponed decisions on Ethereum, XRP and Solana ETFs, with October a crucial month for approval.
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