Tag: eth

Steak ‘N Shake U-Turns on ETH Payment Idea

admin

Steak ‘n Shake has reversed course on a potential plan to accept Ether payments after several Bitcoiners balked at the idea of the fast food chain expanding beyond BTC. Steak ‘n Shake asked its 468,800 X followers whether it should accept Ether (ETH) on Saturday, promising to “abide by the results of the poll.” The poll saw 53% of 48,815 votes go for “Yes,” but the fast-food chain suspended it around four hours later due to backlash. “Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” it said on…

ETH, BNB, DOGE Lead Crypto Market Recovery

admin

Total crypto market capitalization soared back over $4 trillion on Sunday, with Ether, BNB and Dogecoin posting double-digit gains after Friday’s market crash that wiped out nearly $500 billion in crypto value.  The three blue-chip coins have surged 10.5%, 13.6% and 12.5% over the last day, while Solana (SOL), Cardano (ADA), and Chainlink (LINK) are also up over 10%, CoinGecko data shows.  Synthetix (SNX) briefly rose over 100% — eclipsing its pre-crash price level and even setting a new 2025 high — while a few other smaller-cap coins like Mantle…

ETH Aims For $4.5K Just Days After Historic Flash Crash

admin

Key takeaways: ETH’s perpetual contract distortions are fading, with monthly futures signaling neutral conditions and reduced short-term market fear. Options markets show balanced demand between bullish and bearish strategies, reflecting a healthy derivatives market. ETH outperformed most altcoins during the crash and the following 48 hours, reinforcing its relative strength and bullish momentum. Ether (ETH) price reclaimed the $4,100 level on Sunday, easing some of the pain from Friday’s sharp 20.7% flash crash. The $3.82 billion in leveraged long liquidations left a lasting mark on ETH derivatives markets, but four…

ETH Down Only 6.7% Following Friday’s Crypto Market Crash

admin

Ether (ETH), the native cryptocurrency of the layer-1 Ethereum blockchain network, is down about 6.7% in the past 24 hours, following Friday’s market crash, showing greater price resilience than many altcoins, which crashed by over 95% in some cases. The market crash sparked by US President Donald Trump’s tariff announcement took the price of ETH down to a low of about $3,510 on Friday, a decline of over 20% in a single day. Price tapped the 200-day exponential moving average (EMA), a dynamic support level, before rebounding to over $3,800.…

Bitcoin OG books over $160M profit from BTC and ETH shorts in 30 hours

admin

Home » Markets » Bitcoin OG books over $160M profit from BTC and ETH shorts in 30 hours Veteran trader leverages market swings and liquidity events to secure massive gains from high-risk shorts in digital assets. Photo: Amjith S Key Takeaways Bitcoin OG, a veteran crypto trader, realized over $160 million in profits by shorting Bitcoin and Ethereum in just 30 hours. The trader actively adjusts positions in response to market volatility. Share this article Bitcoin OG, a veteran trader recognized for owning early-era coins and executing large-scale positions, booked…

BTC Short For $600M, ETH For $300M

admin

A large cryptocurrency investor who surfaced two months ago with about $11 billion worth of Bitcoin has opened almost $900 million in short positions against Bitcoin and Ether, signaling expectations of a market correction despite widespread optimism for October. The whale returned to trading on Thursday with a $360 million Bitcoin (BTC) transfer that piqued the interest of cryptocurrency investors, Cointelegraph reported. On Friday, the whale opened a $600 million 8x leveraged short position on Bitcoin and a leveraged short worth over $300 million on Ether (ETH), according to blockchain…

ETH Hits ‘New Normal’ as On-Chain Activity Surges

admin

Key takeaways: Ethereum’s onchain activity is structurally higher, signaling durable growth. Institutional inflows and RWA tokenization are major catalysts for ETH demand. Technicals suggest a potential bottom near $4,100 to $4,250. Ether’s (ETH) onchain activity has entered what analysts termed a “new normal,” with sustained network engagement and rising institutional flows providing the clearest fundamental catalyst yet for a bull market continuity.  Data from CryptoQuant shows Ethereum’s Internal Contract Calls, a metric tracking complex network interactions such as DeFi and real-world asset (RWA) tokenization, has undergone a structural shift since…

Grayscale stakes 857,600 ETH valued at $3.8B today

admin

Key Takeaways Grayscale staked 857,600 ETH, worth $3.8 billion on Oct. 8. The staked ETH is held in both Grayscale’s ETHE and ETH ETF products. Share this article Grayscale, a digital asset management firm, staked 857,600 ETH valued at $3.8 billion today across its Ethereum ETP products. The move represents one of the largest institutional staking positions in the Ethereum network. The staked tokens are distributed between Grayscale’s ETHE and ETH ETFs, both of which now offer staking rewards to investors through on-chain participation. Grayscale became the first provider of…

Bit Digital Becomes Sixth-Largest Ethereum Holder With $140M ETH Purchase

admin

Bit Digital has expanded its Ether holdings to more than 150,000 ETH after purchasing 31,057 ETH valued at roughly $140 million using proceeds from a $150 million convertible notes sale. The deal, which included full exercise of underwriters’ options, positions the firm as the sixth-largest Ether (ETH) treasury among public companies, according to data from StrategicETHReserve.xyz. “This purchase demonstrates our commitment to building shareholder value by financing ETH accumulation on terms that are accretive to NAV per share,” said Sam Tabar, CEO of Bit Digital. “We view ETH as foundational…

Bit Digital increases Ethereum holdings to $673M with 31,057 ETH addition

admin

Key Takeaways Bit Digital, listed on NASDAQ, increased its Ethereum holdings to a total of $673 million by acquiring 31,057 ETH. The company has shifted its business model from Bitcoin mining to a focus solely on Ethereum staking and treasury operations. Share this article Bit Digital, a NASDAQ-listed company focused on Ethereum staking and treasury operations, increased its Ethereum holdings to $673 million by adding 31,057 ETH. The company recently transitioned into a pure-play Ethereum staking and treasury firm by converting its Bitcoin holdings and winding down mining operations. Bit…