Bitcoin Whales Are Starting To Accumulate Again at $71K: Santiment

Large Bitcoin wallets are increasing their holdings again as the asset’s price holds around $71,000, according to crypto sentiment platform Santiment. “Their recent shift to accumulation is a bullish signal,” Santiment said in a report on Saturday, referring to wallets holding between 10 and 10,000 Bitcoin (BTC). “This is a positive reversal,” Santiment added. Santiment…

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BitMine Buys 5,000 ETH From Ethereum Foundation in $10.2M OTC Deal

The Ethereum Foundation has finalized an over-the-counter (OTC) sale of 5,000 Ether to BitMine Immersion Technologies, a transaction worth about $10.2 million based on the agreed price of $2,042.96 per ETH. In a Saturday post on X, the foundation said proceeds from the sale will support core operations, including protocol research and development, ecosystem growth…

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Boris Johnson calling Bitcoin a ‘Ponzi’ draws rebuttal from Michael Saylor and others

Former U.K. Prime Minister Boris Johnson has called bitcoin BTC$70,754.50 a “giant Ponzi scheme,” prompting a swift rebuttal from Strategy chairman Michael Saylor and other netizens. In a column published in the Daily Mail and posted on social media platform X, Johnson wrote that he had long suspected cryptocurrencies relied on “a supply of new…

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Ethereum Foundation sells 5,000 ether to BitMine in $10.2 million OTC deal

The Ethereum Foundation (EF) said it finalized the sale of 5,000 ether (ETH) in an over-the-counter transaction with one of the top crypto treasury firm Bitmine Immersion Technologies. The sale cleared at an average price of $2,042.96 per ETH, the Foundation said, placing the transaction’s value at roughly $10.2 million. The non-profit organization, established in…

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