BitMine Immersion Technologies, the world’s largest corporate Ether holder, continues buying the dip, despite the industry’s most successful traders betting on Ethereum’s price fall. BitMine acquired $199 million worth of Ether (ETH) during the past two days, through a $68 million ETH acquisition on Saturday and another $130.7 million buy on Friday, according to blockchain data platform Lookonchain. With the latest investments, BitMine now holds $11.3 billion, or 3.08%, of the total Ether supply, closing in on its 5% accumulation target, according to data from the StrategicEthReserve. BitMine’s continued accumulations are…
Day: December 6, 2025
Florida Appeals Court Revives $80M Bitcoin Theft
Florida appeals court allows $80M Bitcoin theft lawsuit against Binance to proceed, overturning prior dismissal decision. A Florida man who lost $80 million in Bitcoin to scammers will get another chance to pursue legal action against Binance in state court. This follows a Wednesday appeal in which a court overturned a previous dismissal. Florida Ruling Revives Binance Lawsuit A Bloomberg report reveals that a judge has determined that the crypto exchange can be sued locally for allegedly failing to prevent the stolen funds from being transferred. The plaintiff, Jonny…
Fusaka Sparks ETH Frenzy as Buyer Aggression Reaches 4-Month High
Analysts say a break above 1.0 in the buy/sell ratio could launch Ethereum toward the $3,500 to $4,000 level. Ethereum (ETH) traders snapped back into action this week as buyer aggression climbed to its strongest reading since early August, according to the latest Binance futures data. The move follows the Fusaka network upgrade, activated on December 3, which appears to have shifted mood across derivatives and on-chain metrics almost immediately. Market Sentiment Flips Following Upgrade According to pseudonymous analyst CryptoOnchain, the Taker Buy/Sell Ratio for ETH futures on Binance…
ETH to $20K by 2026? AI Examines Tom Lee’s Ultra-Bullish Prediction
Will ETH surge to $60K in 2026 as Lee predicted? Here’s ChatGPT’s take on it. Tom Lee has been a long-time cryptocurrency proponent who just recently shifted his focus from BTC to ETH, and his company, BitMine Immersion Technologies, now owns billions of dollars worth of the largest altcoin. He has also made numerous bullish predictions about its price trajectory for the following years. While it seems that his most outrageous target for 2025 will not be hit, he recently offered a more modest but still quite optimistic forecast…
ETH Stopped at $3.2K, is Another Major Crash Coming?
Ethereum’s recent rally has stalled at the $3.2K resistance zone, where heavy selling pressure triggered a clear rejection. The asset is now trading within a narrow consolidation range, and the next decisive breakout is likely to dictate the following major move. Ethereum Technical Analysis By Shayan The Daily Chart Ethereum’s rebound from the $2.6K support zone extended into a key supply area, where a daily FVG converges with a long-standing downward trendline near $3.2K. This confluence attracted significant selling interest, halting the advance and producing a sharp rejection. The pullback…
‘European SEC’ Proposal Licensing Concerns, Institutional Ambitions
The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure. On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported. Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms,…
Cardano (ADA) Price Setup Signals Reversal Toward $1.60 Despite Current Pressure
Cardano is rebounding from $0.40 support, with analysts watching for a move toward $1.60 if resistance at $0.51 is cleared. Cardano (ADA) is showing signs of recovery after an extended decline. The asset is trading near $0.42, with a daily drop of around 4%. Over the past week, though, the price has remained mostly flat. Market watchers are now focusing on key levels near $0.40, where recent activity suggests buyers are stepping in. Bounce Begins from Key Support A recent chart shared by Rose Premium Signals shows ADA rebounding…
Bitcoin Profitability Numbers Head to Early 2024 Levels
Bitcoin (BTC) has seen a “complete reset” of sell pressure after dropping below $90,000, says new research. Key points: Bitcoin long-term holders have reset their selling habits as BTC price action returns below $90,000. A derivative of the popular SOPR metric is now tapping its lowest levels since early 2024. Recent price moves have resulted in some classic knee-jerk trading decisions by short-term holders. Bitcoin SOPR “Ratio” hits key 1.35 level In one of its “Quicktake” blog posts Saturday, onchain analytics platform CryptoQuant eyed two-year lows in a key Bitcoin…
Bitcoin December Recovery ‘Macro Tailwinds,’ Fed Rate Cut: Coinbase
Bitcoin’s ‘Santa’ rally may be ignited by macroeconomic tailwinds, including the Federal Reserve’s incoming interest rate decision, but fearful investor sentiment may take another hit by any hawkish remarks from central bank officials. Improving liquidity conditions and rising odds of a Federal Reserve interest rate cut may catalyze a recovery in the crypto market during December, according to Coinbase Institutional. “We think crypto could be poised for a December recovery as liquidity improves, Fed cut odds jump to 92% (as of Dec 4), and macro tailwinds build,” wrote Coinbase in…
Two Casascius coins with $2,000 Bitcoin move after 13 years of dormancy
Key Takeaways Two Casascius physical Bitcoin coins containing about $2,000 moved after 13 years of dormancy. Casascius coins are rare, physical coins embedding private keys beneath a tamper-evident hologram. Share this article Two Casascius physical Bitcoin coins containing approximately $2,000 worth of Bitcoin moved this week after remaining dormant for 13 years, according to Timechain Index founder Sani. Casascius, which creates physical Bitcoins that embed real crypto value through a private key concealed beneath a tamper-evident hologram, allows holders to redeem the associated Bitcoin on the blockchain. The coins include…