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Bitmine, owned by Tom Lee, added 53,500 ETH in a week, with inventory reaching 5.9 million
Blockchain

Bitmine, owned by Tom Lee, added 53,500 ETH in a week, with inventory reaching 5.9 million

Bitmine, run by Tom Lee, bought an additional 53,501 ether coins in the past week, raising the company’s inventory to 5.9 million. The Block reported that he described Ethereum as “the best-performing macro asset.”

Galaxy Launches Crypto-Backed Credit Line: Collateralize BTC, ETH, SOL for Cash Without Selling
Blockchain

Galaxy Launches Crypto-Backed Credit Line: Collateralize BTC, ETH, SOL for Cash Without Selling

Galaxy has added a crypto-backed credit line for GalaxyOne customers, allowing eligible users to borrow cash against BTC, ETH, and SOL without having to sell their holdings.

Ethereum Staking Ratio Hits 34%, EIP-8361 Wants to Burn Off Part of Validator Rewards
Blockchain

Ethereum Staking Ratio Hits 34%, EIP-8361 Wants to Burn Off Part of Validator Rewards

A researcher has proposed EIP-8361: the higher the staking ratio climbs, the more validator rewards get burned — essentially fitting a brake onto Ethereum's ever-expanding staking curve.