Bitmine's treasury operations center with Ethereum chart and physical crypto tokens
Bitcoin News

Bitmine expands ETH treasury to $10.9B, repurchases 4.5M shares

Ether treasury company Bitmine Immersion Technologies continued its aggressive accumulation strategy, adding 10,399 Ether (ETH) last week and repurchasing 4.5 million of its own shares, according to a disclosure on Aug. 4. The company now holds 5,797,813 ETH, valued at approximately $10.9 billion, representing about 4.8% of Ether’s circulating supply of 120.7 million. Bitmine’s expanding […]

Ethereum price chart rising with digital cityscape and blockchain network lines
Bitcoin News

Ethereum gains 3% on tokenization boom but weak onchain data raises $1,700 retest risk

Ether (ETH) climbed 3% between Thursday and Friday, outperforming the broader cryptocurrency market as growing tokenization activity and the launch of Robinhood Chain boosted investor sentiment. However, the rally stalled below the $1,800 resistance level, and weak onchain and derivatives metrics suggest the asset remains vulnerable to a retest of $1,700 support. Tokenization and Robinhood […]

Empty desks in a modern office after Ethereum Foundation layoffs.
Ethereum News

Ethereum Foundation Cuts 20% of Staff in Major Reorganization

The Ethereum Foundation, the non-profit organization that oversees development of the Ethereum blockchain, has laid off approximately 20% of its workforce, according to an internal announcement reviewed by several news outlets. The cuts, confirmed on [Date of announcement – e.g., February 28, 2025], are part of a broader restructuring effort aimed at creating a more […]