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Tom Lee’s BitMine is buying the dip, snapping up $480 million worth of Ethereum after the latest market sell-off. Lookonchain said on X that six wallets linked to BitMine withdrew 128,718 ETH from FalconX and Kraken. The buy followed a flash crash triggered by US President Donald Trump’s announcement that he would slap additional 100% tariffs on China’s exports. ”It’s easier for BitMine to achieve the ‘alchemy of 5%’ at $3,800 ETH than $10,000 ETH,” said BitMine, the largest ETH treasury firm. ”PS: just fact.” FACT: It’s easier for BitMine to achieve ‘the alchemy of 5%’ at $3,800 ETH than $10,000 ETH PS: just a fact — Bitmine (NYSE-BMNR) $ETH (@BitMNR) October 11, 2025 BitMine Wants To Own 5% Of ETH’s Supply The largest altcoin by market cap had plunged as low as $3,504.32 from above $4k in the past 48 hours, according to data from CoinMarketCap. ETH price (Source: CoinMarketCap ) E...

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Crypto asset manager 21Shares has filed for a spot Sei (SEI) ETF (exchange-traded fund), joining a wave of 92 firms that Bloomberg says are rushing to launch crypto ETFs. According to an S-1 registration statement filed with the Securities and Exchange Commission (SEC), the proposed SEI ETF will tap crypto price index provider CF Benchmarks to track the altcoin’s price using data from various crypto exchanges.  Coinbase Custody Trust Company would act as the proposed fund’s custodian. 21Shares also floated the idea of staking SEI to generate additional returns for investors. However, this addition is still being investigated to see if it would present “undue legal, regulatory or tax risk.”  The 21 Shares filing comes amid a surge in crypto ETF applications. Of at least 92 crypto ETFs that are currently awaiting SEC approval, Bloomberg Intelligence analyst James Seyffart said there are numerous filings for Solana (SOL) and XRP in particular. NEW: H...

Arjun Sethi, the former CEO of the leading cryptocurrency exchange Kraken, has opined that trillions of dollars could flow into the digital assets market, next benefiting top coins such as Bitcoin, Ethereum, Cardano, Solana, Dogecoin, and Shiba Inu (SHIB). The Ex-CEO spoke at the Wyoming Blockchain Symposium this week, highlighting that institutional funds could begin investing more in the cryptocurrency market. Also Read: FlitPay Makes Ambitious Shiba Inu Prediction: $0.001 in 2030 He explained that institutional investors are increasingly looking into the cryptocurrency sector as the industry is booming with developments. Sethi stressed that the sector is still in the early stages and traders who hold on for the long term could make phenomenal gains. If institutional funds add another $1 trillion to the market, Bitcoin, Ethereum, Cardano, Dogecoin, and SHIB would be the first to gain. “The way I like to think about it is that we are just in the really, really early innings of wh...

Amid Bitcoin’s (BTC) ongoing rally to a new all-time high, interest in buying the cryptocurrency has surged across the United States, particularly over the past month. Specifically, search interest for the phrase “buy bitcoin” jumped by 76% in 30 days. On June 15, the search index stood at 49. It climbed to 90 by July 15, reaching a peak of 100 on July 14, according to Google Trends data retrieved by Finbold.  One-month search interest in ‘buy Bitcoin’ in U.S. Source: Google Trends Regionally, the highest search volumes came from the District of Columbia, followed by New Hampshire, Nevada, New Jersey, and Washington, highlighting strong interest across the Northeast and West Coast. The surge in public interest tracks closely with Bitcoin’s price action. In this case, over the past month, BTC gained around 10%, briefly topping $123,000.  The spike in searches likely reflects growing retail curiosity, with fear of mis...

Japanese investment firm Metaplanet has announced the purchase of another 1234 Bitcoin (BTC), worth around $133 million. According to documents, the firm currently holds 12,345 BTC valued at around $1.33 billion. Metaplanet now holds more BTC than Tesla. As of February 20225, the electric vehicle manufacturer held 11,509 BTC. *Metaplanet Acquires Additional 1,234 $BTC, Total Holdings Reach 12,345 BTC* pic.twitter.com/ppeGIrfVfe — Metaplanet Inc. (@Metaplanet_JP) June 26, 2025 Bitcoin Heading Towards A New Peak? Metaplanet’s big purchase aligns with BTC’s latest rally. The original crypto market reclaimed the $107,000 level, rallying 1.5% in the daily charts, 2.6% in the weekly charts, and 74.2% since late June 2024. Despite the bullish turnaround, BTC is still down by 0.1% in the 14-day charts and 1% over the previous month. Source: CoinGecko The rally could be due to a surge in investor confidence after a ceasefire was announced between Iran and Israel. The market plu...

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Pi Coin (Pi Network/ PI) continues to face a slump despite a market-wide turnaround. PI’s price has fallen 0.4% in the daily charts, 2.6% in the weekly charts, 14.1% in the 14-day charts, and 57.7% over the previous month. PI’s position among the top projects by market cap has fallen to the 36th position Source: CoinGecko Should You Buy The Pi Coin Dip? Source: livewiremarkets.com PI had quite an incredible run earlier this year. The cryptocurrency experienced a massive surge in popularity and price after the early 2025 crypto bull run. PI hit an all-time high of $2.99 on Feb. 26, while other crypto assets were facing a slump. PI’s price has fallen by 78.6% since its peak. The latest dip could be due to investors reshuffling their funds into more stable crypto assets. Bitcoin (BTC) has reclaimed the $109,000 mark after its dip to $100,000 earlier this month. Investors may be wary about investing in risky cryptocurrencies. CoinCodex anticipates Pi Coin’s price wil...

“The return comes from hashrate, not from pixie dust, ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed. An upcoming Bitcoin (BTC) hashrate-backed product that could offer 10% to 13% returns shouldn’t be compared to failed products by BlockFi or Celsius as its returns come from proof-of-work, not “ponzi schemes,” claims the product’s creator Bitcoin mining firm Luxor Technology. The legitimacy of Luxor’s hashrate-backed product was highlighted in an Oct. 17 What Bitcoin Did podcast. Host Peter McCormack expressed concern at Luxor's upcoming offering and discussed what a worst-case-scenario for Luxor’s product would look like. Luxor’s Head of Derivatives Matt Williams told Cointelegraph that its hashrate-backed product isn’t a repeat of products from BlockFi or Celsius because it's backed by economic production. “There is actual proof-of-work and demonstrable economic activity happening [here].” Williams said. “The return comes from miners giving up some...