The company now boasts a jaw-dropping 1,713,899 Ethereum (ETH), a mere 192 Bitcoin (BTC) (because who needs too much of that when you’ve got ETH, right?), and a tidy $562 million in cash as of Aug. 25. All this makes Bitmine the second-largest corporate crypto treasure chest on the planet, narrowly beaten by Strategy and its eye-watering Bitcoin hoard.
On Sunday, a truly dramatic 24,000 BTC sell-off took place, causing a market jolt that could have woken up the most comfortable of investors. “When one wallet dumped 24K BTC, the whole market felt it,” said one analyst-probably after rubbing his temples in despair. And that wasn’t all, oh no. A mere $550 million in long liquidations later, and over 160,000 traders found themselves looking at empty wallets. A true disaster, and all in a single day, according to CoinGlass. Cheers, whales!
In recent weeks, XRP has danced around this price range, each time reaching for the elusive $3, only to be met with a wall of resistance. The midline, now hovering around $3.09, has become the arbiter of its fate-will it rise like a phoenix or remain shackled beneath the weight of its own expectations?
Ethereum [ETH] has just performed a spectacular leap, bounding over the $4,900 mark for the very first time. While Bitcoin [BTC] is taking a well-deserved nap, ETH is the star of the show, charging ahead with relentless energy.
Companiesmarketcap, that all-seeing oracle, now crowns XRP with the 94th spot among the planet’s most lucrative assets. Canadian e-commerce empires weep into their monotone maple-scented pillows as XRP pirouettes up the ranks like a Dostoevskian protagonist escaping purgatory. Who would have imagined: a token born amidst the digital fog now feasts alongside the world’s gentility! 📈💼
BeInCrypto, ever the astute observer of this financial folie à plusieurs, has graciously selected three altcoins for your perusal. Do keep up, won’t you?
Le voilà, ce précieux jeton, qui s’est élevé de façon vertigineuse, s’élevant de la poussière de quatre mois à des sommets presque mythiques : une ascension de 185 %, comme une mousse de champagne qui déborde sur la robe de la duchesse ! 🍾 Mais attention, car la fête pourrait bien tourner à la farce, puisque la croissance des « baleines »-ces princes et princesses de la spéculation-se fait aussi discrète qu’un lapin dans un chapeau vide. Oh, les belles illusions !
Early in the week, the spectre of a hawkish Federal Reserve loomed large, instigating a $2 billion retreat. Yet, after Jerome Powell’s Jackson Hole speech, which was met with a sigh of relief by many, investors found solace in the notion of a more dovish approach, leading to a modest $594 million influx. A tale of two weeks, indeed. 🏛️
Analyst Andrew Griffiths, a man who clearly enjoys red pens and melodrama, insists OP has been engaged in a tawdry dance of doom. Lower highs, lower lows-it’s like watching a particularly indecisive hedgehog at a crossroads. 🐾
Ah, the Ethereum validation entry queue! A veritable line of hopefuls, each clutching their precious ETH, yearning for the sweet nectar of periodic rewards. In a mere span of two days, this queue swelled by over 400,000 ETH, reaching a staggering multi-month high of 644,000 Ethers. It seems that patience is indeed a virtue, as it now takes a staggering 11 days to withdraw one’s ETH from the clutches of staking. The last time such a prolonged wait was witnessed, one might have thought it was a line for a popular concert, not a financial endeavor.