Bitmine Surpasses $10B Crypto Holdings Amid ETH Accumulation Surge

Wintermute Founder: The crypto industry has deviated from the cypherpunk original intention, with most of the Ethereum ecosystem's TVL being "deposited funds"

Wintermute, the founder of the crypto market maker Evgeny Gaevoy, pointed out in a podcast that the crypto industry is drifting away from the original cypherpunk ideals and is increasingly dominated by short-term speculative thinking. He emphasized the need to revive the spirit of decentralization and focus on genuine adoption of decentralized applications, rather than merely pursuing Wall Street-style financialization.

Tom Lee's Bitmine Purchases 17,722 ETH Worth $34.74 Million

Gate News bot message, Tom Lee(@fundstrat)'s Bitmine purchased an additional 17,722 ETH valued at $34.74 million eight hours ago, according to Lookonchain. This week, three wallets reportedly linked to Bitmine acquired a total of 62,722 ETH worth $123.25 million. Previously, Lookonchain reported th

Data: If ETH drops below $1,868, the total long liquidation strength on major CEXs will reach $832 million.

ChainCatcher reports that, according to Coinglass data, if ETH drops below $1,868, the total liquidation strength of long positions on major CEXs will reach $832 million. Conversely, if ETH breaks above $2,057, the total liquidation strength of short positions on major CEXs will reach $738 million.

BNP Paribas Launches Ethereum Money Market Fund Tokenization Pilot Project

ChainCatcher message: BNP Paribas Asset Management recently announced the issuance of tokenized shares of a French domestic money market fund on the Ethereum blockchain through its AssetFoundryTM platform. The project adopts a "permissioned access model" to ensure that only qualified and authorized participants can hold and transfer assets, in compliance with relevant regulatory requirements. This is BNP Paribas's second issuance of a tokenized money market fund, aimed at testing the complete end-to-end process from issuance and transfer agency to tokenization and connection to public blockchains.

Bottoming out and aiming for a rebound by the end of the year! Standard Chartered predicts: Bitcoin may drop to $50,000, and Ethereum could fall to $1,400

Standard Chartered Bank has revised down its short-term outlook for the cryptocurrency market, predicting a potential wave of sell-offs in the coming months but remaining optimistic about a rebound by the end of the year. The Bitcoin target price has been lowered to $100,000, and Ethereum to $4,000, citing low confidence among ETF investors and economic uncertainties affecting market sentiment. Although the short-term outlook is bearish, the long-term market resilience remains positive.