News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
In the cryptocurrency sector, holding positions and waiting is a slow form of financial suicide.
Quick Take Summary is AI generated, newsroom reviewed. Bitmine purchased $480.7 million worth of Ethereum during the recent market crash. The Ethereum whale purchase boosted sentiment and triggered renewed optimism in a potential crypto market rebound. Analysts believe Bitmine is betting on Ethereum’s long-term value and blockchain utility. The move may signal stronger institutional involvement and the beginning of a fresh accumulation cycle.References BREAKING 🚨BITMINE BOUGHT $480.7 MILLION WORTH OF $ETH
Perhaps the biggest profit from an attack in recent years?
Led by Sequoia Capital and a16z, Kalshi's valuation has soared to $5 billions.
A $60 million market sell-off resulted in a $1.93 billion market cap evaporation.
- 13:32Polymarket founder Dylan High School previously participated in the Ethereum ICOOn October 13, according to Fortune magazine, Kalshi and Polymarket are engaged in a competition for dominance in the prediction market. Kalshi is eager to add crypto features, but catching up with its competitor is not easy—Polymarket has been settling trades on the Polygon Layer 2 network since its inception, and its founder Shayne Coplan (now 27 years old) even participated in the Ethereum ICO while still in high school.
- 13:23A Bitcoin OG deposits 40 million USDC into Hyperliquid again to increase short positions on BTC.According to Jinse Finance, on-chain analytics platform Lookonchain has monitored that a certain Bitcoin OG has once again deposited 40 million USDC into Hyperliquid and increased their short position on BTC.
- 13:17Bitcoin treasury company Empery Digital secures an additional $100 million credit lineJinse Finance reported that Nasdaq-listed Bitcoin treasury company Empery Digital has announced an agreement with Two Prime Lending to secure an additional $100 million in credit facilities. In addition, the company also announced an increase in its stock repurchase program to $150 million. As of October 10, a total of 6,740,482 shares of common stock have been repurchased.