BitMine Stakes $259M More ETH as Validator Queue Nears 1M Ether

BitMine Immersion Technologies has added another 82,560 Ether, worth roughly $259 million, to Ethereum’s staking system, intensifying congestion in the network’s validator entry queue as institutional demand for yield continues to build. Data from Arkham shows that the Ether (ETH) treasury firm sent multiple large deposits to Ethereum’s BatchDeposit contract within the past few hours….

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Bitcoin Whale Accumulation Overstated as Long-Term Holders Begin Buying

Speculation that Bitcoin whales are engaged in a massive reaccumulation phase has been significantly overstated, suggesting the digital asset market structure has not materially changed, according to onchain data from CryptoQuant. The popular narrative that large holders are aggressively buying Bitcoin (BTC) is misleading, said Julio Moreno, head of research at CryptoQuant. Much of the…

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