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The Frame Transactions feature was locked into the Hegotá upgrade last month, and Ethereum co-founder Vitalik Buterin says the work has moved quickly since
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Crypto mining giant Bitmine now controls 4.8% of Ethereum's circulating supply, holding 5.79 million ETH valued at $11.8 billion, as it aggressively expands staking operations and share buybacks. This significant accumulation raises questions about market concentration and future ETH dynamics.
Ethereum's native token, Ether (ETH), has decisively broken past the $1,900 resistance level, igniting speculation among traders and analysts about its next target. With rising staking demand and broader market catalysts on the horizon, the focus now shifts to the psychological $2,100 mark.
Tom Lee's Bitmine significantly reduced its weekly Ethereum purchases, adding just 7,430 ETH, as the firm redirected capital towards an $86 million share buyback. This strategic shift comes as Bitmine approaches its ambitious goal of holding 5% of Ethereum's circulating supply.
Crypto mining giant Bitmine has allocated $74 million to Ether, a strategic treasury move that diverges from peers and signals growing institutional confidence in ETH, particularly amid expectations for the Clarity Act.