Ethereum news

Ethereum spot order activity indicates growing institutional interest, with whales (10,000-100,000 ETH) adding 7.6 million tokens, a 52% rise since late April, while retail wallets shed 16%. Analysts say this pattern, seen after ETH fell to $3,000 in November, often precedes trend reversals. The upcoming Fusaka upgrade, slated for Dec 3, will add dedicated data lanes for roll-ups, lower transaction costs and reduce node requirements, potentially boosting scalability and decentralization. Analysts forecast a local bottom near $3,200 if macro conditions stay firm, noting that regulatory clarity could further lift prices.

BitMine Immersion Technologies increased its Ether purchases by 34% last week, buying 110,288 ETH amid a recent price dip. Chairman Tom Lee said the dip offered a buying opportunity and highlighted growing Wall Street interest in tokenizing assets on Ethereum, calling it a long‑term super‑cycle story. The company now holds about $12.5 billion of ETH, representing 2.9 % of the 120.7 million‑token supply, with a target of 5 %. Lee predicts ETH could hit $10,000–$12,000 by year‑end 2025, but current prices of $3,561 would require a 180 % rise. BitMine’s stock has surged over 400 % YTD to $41.15.

On‑chain data shows institutional investors massively bought Bitcoin during a recent dip, turning CryptoQuant’s 30‑day apparent demand metric from a negative 79 k BTC on Nov 6 to a positive 108 k BTC on Nov 8, the steepest move of the year. The pivot suggests new capital and may signal a reversal of the bearish trend. Ethereum saw a similar whale‑led buying surge as prices fell to $3.2 k. CryptoQuant’s spot average order‑size data indicates institutional re‑entry at discounted levels while retail traders stayed cautious. If the $3k–$3.4k zone holds, analysts predict ETH could accumulate into a low‑volatility zone and rally to $4.5–$4.8 k.

The U.S. Treasury and IRS released guidance that creates a safe‑harbor for exchange‑traded crypto products to stake digital assets and pass the rewards to investors, clearing a major regulatory hurdle. To qualify, trusts must hold only one proof‑of‑stake token, follow liquidity rules, perform only holding, staking and redemption, and use a custodian and an independent staking provider. Industry leaders say the move will boost mainstream adoption of PoS blockchains such as Ethereum and Solana; Treasury Secretary Scott Bessent highlighted increased investor benefits and innovation.

BitMine Immersion Technologies, the world’s second‑largest crypto treasury, now owns 3.5 million ETH, representing 2.9 % of the total supply. The firm added 110,288 tokens in the last week, a 34 % increase, bringing the portfolio to roughly US$12.3 billion at $3,528.37 per ETH. The market cap of crypto treasuries, excluding major holders like Strategy, Coinbase, and Tesla, fell to about $61 billion. BitMine’s cash holdings rose to $398 million and it also owns 192 BTC; its shares traded at $41.97 on Monday.

Spot Bitcoin and Ethereum ETFs saw a combined $1.7 billion in outflows last week, with BlackRock’s IBIT alone accounting for $570 million of the Bitcoin exits. U.S. investors led the redemptions, while Europe and Switzerland posted inflows. Meanwhile, Solana ETFs attracted $137 million, driven by Bitwise’s BSOL. Onchain data shows “Great Whales” added over 36,000 BTC, helping keep Bitcoin above $100,000 despite the ETF turbulence.

Spot Bitcoin and Ethereum ETFs recorded a combined $1.7 billion in weekly outflows, with BlackRock's IBIT alone pulling $570 million, the largest single redemption in nine months, as investors rebalanced for tax and year-end profit taking. In contrast, altcoin exposure remained strong; Solana ETFs drew $137 million in inflows, led by Bitwise's BSOL, while U.S. dominated redemptions at $1.22 billion, whereas Germany and Switzerland still saw inflows. On-chain data show large whales adding over 36,000 BTC during the period, doubling their holdings, which has helped keep Bitcoin above the $100k threshold and muted the price impact of the ETF outflows.

BitMine Immersion Technologies, a publicly traded Ethereum treasury firm, added 110,301 ETH—$389 million—last week, boosting its total holdings to 3.5 million ETH worth about $12.4 billion. The move lifted the company's stock about 5% to $42.20 amid a 15% drop in ETH over two weeks. Chairman Tom Lee cited the dip in ETH prices as a buying opportunity and highlighted growing institutional interest in tokenizing assets. BitMine now holds 2.9% of the total ETH supply and aims for 5%, ranking it the world's largest Ethereum treasury and second‑largest overall crypto treasury after Strategy.

BitMine's holdings hit $13.2B with 3.5M ETH (~$12.7B) and 192 BTC; 2.9% of the supply, making it the world's largest ETH treasury and second after MicroStrategy. Tom Lee announced adding 110k ETH, aiming for 5% of the supply. The Texas‑based firm, once a mining operator, now blends mining infrastructure with strategic accumulation. Its stock, trading near $42, is up over 300% year‑to‑date with $1.6B average daily volume. Lee views Ethereum as the foundation of the next financial super‑cycle, comparing 2025 regulatory shifts to the end of the gold standard.

BitMine Immersion Technologies, led by Thomas Lee, continued buying ether, adding 110,288 tokens worth nearly $400 million, bringing its holdings to over 3.5 million tokens—about 2.9% of the total supply—and boosting its unencumbered cash to $398 million. Shares jumped 5% after the market opened, while ether rallied 6% to $3,600. BitMine’s steady accumulation is notable as many digital‑asset treasuries have cut purchases amid falling stock prices. The firm remains the second‑largest crypto treasury with $13.2 billion in assets.