Bitmine Nears 3% of ETH Supply as Holdings Reach 3.4 Million Tokens

Ethereum is experiencing increased volatility as its price approaches a critical support level of $3,500. Despite significant accumulation by treasury companies indicating strong institutional interest, ETH's price has not shown corresponding strength, leading to concerns about its stability. This situation is noteworthy as it highlights the contrast between bullish developments in treasury holdings and the flat performance of Ethereum's price, raising questions about future demand and market dynamics.

BlackRock's recent deposit of over 2,000 BTC and nearly 23,000 ETH into Coinbase marks a significant step in the growing institutional trust in cryptocurrencies. This move not only underscores BlackRock's commitment to digital assets but also signals a potential shift towards mainstream adoption of cryptocurrencies, which could influence other institutions to follow suit.

This week, Bitcoin and Ethereum corporate treasuries have experienced significant growth, with Strategy and BitMine announcing new acquisitions. These moves are important as they reflect increasing confidence in cryptocurrencies and could signal a trend of more companies investing in digital assets, potentially influencing market dynamics and investor sentiment.

BNB's price has dropped to around $950 as the cryptocurrency market faces significant uncertainty, leading to a decline of 8.6% in just 24 hours. This downturn is concerning for investors, as it raises questions about whether BNB can recover and reach the $1,000 mark again. The situation highlights the volatility of the crypto market and the challenges that major tokens are currently facing.

BitMine's stock has faced a tough week, dropping for seven straight days as the broader crypto market struggles. With Bitcoin and other major altcoins continuing to decline, BitMine Immersion's stock fell to $42.76, marking a significant drop of 73% from its previous highs. This situation highlights the volatility in the cryptocurrency sector and raises concerns for investors about the future performance of crypto-related stocks.

Balancer Protocol has reportedly suffered a significant exploit, leading to losses exceeding $98 million, which raises serious concerns about security in the decentralized finance (DeFi) sector. With over $700 million in total value locked, this incident marks one of the largest breaches in DeFi history for 2025. The attack highlights ongoing vulnerabilities in the crypto space, making it crucial for investors and users to remain vigilant and for protocols to enhance their security measures.

The recent downturn in Dogecoin has seen its support level at $0.18 break as large holders, known as whales, offload a staggering 440 million tokens. This significant sell-off raises concerns about the stability of Dogecoin and the broader cryptocurrency market, as it reflects a lack of confidence among major investors. The implications of this trend could lead to further price declines and increased volatility, making it a critical moment for both investors and enthusiasts to watch closely.

Gate's latest proof of reserves report reveals a significant increase in its total reserves, now valued at $11.67 billion with a remarkable reserve ratio of 124%. This is a positive sign for investors, showcasing the exchange's financial health and commitment to transparency in the crypto market.

Dogecoin is facing significant challenges as its trading volume spikes to $2 billion, raising concerns among analysts. While this surge might seem positive at first glance, the reality is more bearish, with large holders selling off their assets and retail interest declining. As DOGE prices hover near critical support levels after a recent drop, experts caution that a further downtrend could be on the horizon.

Bitmine has made headlines by nearing 3% of the total Ethereum supply, with its holdings now reaching an impressive 3.4 million tokens. This significant accumulation highlights Bitmine's growing influence in the cryptocurrency market.

Cathie Wood's ARK Invest has sold over 38,000 shares of Palantir ahead of its earnings report. The funds from this sale are being redirected to investments in the crypto exchange Bullish and Beam Therapeutics.

The price of BNB has fallen over 8% in just 24 hours, reaching lows near $900. This decline is part of a broader trend of selling pressure affecting the cryptocurrency market.

Ripple President Monica Long has shared exciting plans for the XRP Ledger, focusing on expanding its capabilities with a new lending protocol and stablecoin. This move aims to enhance its role in global finance, potentially driving broader adoption and innovation in the blockchain space.

The cryptocurrency market has taken a significant hit, losing $300 billion as Bitcoin falls below the $100,000 mark. This decline is attributed to the U.S. dollar reaching a four-month high against the euro, indicating a 'risk-off' environment that dampens demand for crypto assets.