BitMine’s $126M Ethereum buy sets up a Russell index test tied to $12.2T in assets

Ethereum  BitMines $126M Ethereum buy sets up a Russell index test tied to $12.2T in assets  BitMine bought an additional 60,000 ETH worth about $126 million as Ethereum traded near $2,000, extending one of the largest corporate accumulation strategies tied to the second-largest digital asset.  The purchase came just as the firm was named to the preliminary list for the Russell 1000 Index, positioning the crypto holder to capture a slice of the $12.2 trillion in assets benchmarked against Russell US Indexes.  Why BitMine is adding to its Ethereum holdings during current selloff  On May 23, blockchain analyst EmberCN reported BitMines latest ETH purchase was executed through BitGo and Kraken.  BitMine Latest ETH Purchase (Source: EmberCN/X)  The purchase lifted BitMines Ethereum holdings to more than 5.2 million ETH, valued at roughly $11.1 billion at current market prices. The company has continued to accumulate even as ETH trades near $2,000, which is about 60% below its August 2025 record high of $4,953.  Notably, this latest purchase occurs about two weeks after the company signaled its intent to slow the pace of its ETH accumulation.  However, BitMine Chairman Thomas Lee previously described ETHs recent decline below $2,200 as an attractive entry point.  According to him, the pullback has provided an opportunity to

05-25

Vitalik Buterin Cuts Own Power at Ethereum Foundation as ETH Sales Slow

Those activities fall outside what the EF intends to fund directly.  He noted that nearly 90% of his net worth sits in ETH. The remainder is allocated to open-source biotech, software, and hardware initiatives.  The Foundation will provide initial support to organizations stepping into roles it vacates. Specifics on those partnerships were not detailed.  The Foundations treasury holdings report showed earlier this year that 99.1% of EF reserves remain in ETH.  The transition period is expected to last several months. After that, the new mandate should stabilize into the Foundations long-term form.  Meanwhile, the broader Ethereum 2026 vision sits at the heart of that plan.  The post Vitalik Buterin Cuts Own Power at Ethereum Foundation as ETH Sales Slow appeared first on BeInCrypto.

05-25

Vitalik Buterin Reveals 90% of His Net Worth Sits in ETH Amid Foundation Overhaul Plans

Ethereum  Vitalik Buterin Reveals 90% of His Net Worth Sits in ETH Amid Foundation Overhaul Plans  Writing on X, Ethereum co-founder Vitalik Buterin explained that the Ethereum Foundation (EF) is choosing longevity over breadth. The shift comes after a period he described as productive, with major efficiency gains in 2025, but one question kept surfacing in his feed: Why did the foundations actions not reflect the decentralization and privacy values he spoke about publicly?  Buterin acknowledged that tension clearly. Some people saw a foundation finally getting serious about execution and business development. He saw something different and stated that the critics who pushed hardest on idealism were the ones whose words carried the most weight with him.  To explain the choice the EF is making, Buterin reached for an analogy. He described Google as a company that started with strong, idealistic roots but slowly moved away from them as mainstream corporate pressure set in. He remarked that if he could have pressed a button in 2008 to make Google two standard deviations more principled, he would have pressed it immediately. His reasoning: one organization choosing to hold a different standard matters more when the rest of the industry is drifting in the other direction.  That

05-25

ATOM Price Prediction: $2.23 Breakout Target as Whale Accumulation Intensifies

The Immediate Setup  ATOM is coiled for explosive movement at $2.10, displaying textbook accumulation patterns that sophisticated traders recognize instantly. The derivatives positioning reveals the real story – while retail sentiment hovers around 59% long, institutional money has pushed to 61.3% long positions, demonstrating conviction despite the sideways grind.  Trading volume of $2.5M on Binance spot indicates controlled accumulation rather than panic buying. The modest 1.40% daily gain masks the underlying technical compression building beneath the surface. RSI at 60.12 shows momentum building without reaching overbought extremes, while ATOM trades at 80% of its Bollinger Band range, hugging upper resistance at $2.15.  This positioning creates a binary outcome scenario – breakout or rejection with minimal middle ground. Blockchain.news technical analysis confirms this compression pattern typically resolves within 72 hours of formation.  Critical Resistance Levels  ATOM has broken decisively above its 20-day moving average at $2.01 and now tests the 200-day MA at $2.11 – historically a make-or-break level for sustained rallies. The immediate resistance cluster between $2.15-$2.16 represents the first hurdle, but the major battle awaits at $2.23 where previous advances have stalled.  Support structure remains intact with the 50-day MA providing a safety net at $1.91. However, the critical support that validates the bullish thesis

05-25

LTC Price Prediction: $48 Target Within 10 Days as Distribution Pattern Completes

The Immediate Setup  Litecoin trades at $53.41 with a weak 1.54% bounce that failed to sustain above the daily open. The intraday range of $51.47-$54.24 reveals buyers stepping in at lows but lacking follow-through momentum. RSI at 39.95 and MACD flatlining near zero confirm momentum has stalled completely.  This price action resembles classic distribution where smart money exits positions into retail buying pressure. The inability to break higher despite oversold conditions suggests deeper selling pressure awaits.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full LTC price, calculator & analysis  Technical Structure Breakdown  LTC hugs the lower Bollinger Band at $51.97 with a %B reading of 0.17, positioning for a potential breakdown. The 20-day SMA at $56.14 now acts as firm resistance while the 200-day average at $66.53 remains distant overhead.  The descending triangle pattern shows critical support at $50.27, but the real structural level sits at $48. A break below this weekly support zone opens the path toward $42-45. According to market analysis from Blockchain.news, current technical indicators suggest support tests are approaching rapidly.  Resistance between $54.61-$55.81 has rejected every bounce attempt, creating the textbook pattern that resolves lower in most cases.  Market Positioning Reveals Divergence  Derivatives data shows

05-25

TRX Price Prediction: $0.40+ Target in Sight as Overbought Conditions Signal Pullback Risk

Market Context: Why TRX is Moving Now  TRON‘s steady grind higher has been methodical rather than explosive, with the token climbing above all major moving averages in a textbook trending pattern. The ecosystem’s steady march upward reflects growing institutional recognition, particularly as Blockchain.news has noted in coverage of Layer-1 alternatives gaining traction. Trading at $0.36 with a modest 0.39% daily gain, TRX is consolidating gains rather than chasing momentum—a sign of mature price discovery rather than retail FOMO.  The derivatives market tells a more nuanced story. Open interest sits at a hefty $133 million with funding rates remaining neutral at 0.0088%, indicating no excessive leverage buildup that typically precedes violent corrections. This measured approach to the rally suggests underlying strength rather than speculative froth.  Indicator Alignment  The technicals present a classic overbought setup with concerning momentum divergence. RSI at 75.46 has entered dangerous territory where pullbacks become increasingly probable, while the MACD histogram flatlining at zero signals momentum is stalling despite the higher highs. TRXs position at 0.87 on the Bollinger Bands puts it uncomfortably close to the upper resistance at $0.37.  However, the moving average structure remains bullish with price well above the 200-day SMA at $0.30, creating a 20% cushion for any correction.

05-25

XLM Price Prediction: $0.18 Target by Year-End Faces Technical Headwinds as Consolidation Deepens

XLMs Technical Reality Check  Stellar is trapped in a consolidation pattern that reflects market indecision. With RSI hovering at 42.16, were seeing neither oversold capitulation nor bullish momentum – just dead money floating in neutral territory. The MACD histogram sitting at zero confirms what price action already telegraphs: buyers and sellers are in a standoff.  The Bollinger Band position at 0.30 tells the real story here. XLM is hugging the lower third of its trading range, suggesting underlying weakness despite the modest 4.35% daily bounce. When a crypto can‘t even reach the middle band ($0.16) after a green day, that’s institutional money staying on the sidelines.  XLM trades below every meaningful moving average except the 7-day SMA. The 20, 50, and 200-day averages all sit above current price, creating a technical ceiling that Blockchain.news analysts would recognize as classic distribution pattern behavior.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full XLM price, calculator & analysis  Volume & Price Alignment  The $5.4 million in 24-hour Binance volume is anemic for a top-tier altcoin. This isn‘t institutional accumulation – it’s retail churn. The balanced taker buy/sell ratio (0.9950) confirms neither side has conviction, while the slightly bearish retail

05-25

NEAR Price Prediction: $2.75 Breakout or $1.80 Collapse - 72-Hour Decision Point

NEARs Technical Reality Check  NEAR is dancing on a razors edge at $2.37, sitting squarely above its Bollinger Band upper limit with an RSI screaming overbought at 80.99. The momentum picture tells a conflicting story – while the token has ripped 16.31% in 24 hours, the MACD histogram sits dead flat at zero, indicating momentum is already stalling despite the price surge.  This technical setup screams classic blow-off top behavior. NEAR has broken through every meaningful moving average resistance, trading 41% above its SMA 20 at $1.68 and a staggering 56% above its SMA 50. When you see this kind of extension combined with extreme RSI readings, the smart money typically starts heading for the exits.  The Bollinger Band position at 1.09 (where 1.0 represents the upper band) shows NEAR is operating in no-mans land – territory that historically precedes sharp corrections. According to Blockchain.news, tokens trading this far above their statistical norms rarely maintain these levels for more than 48-72 hours without significant retracement.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full NEAR price, calculator & analysis  Volume & Price Alignment  The volume story provides the clearest insight into where NEAR heads next. At $154.89

05-25

From Early Adoption to Mass Participation, Ozak AI’s Presale Breaks $7 Million, Highlighting Rapid Growth Rarely Seen Before Public Exchange Listings

Tech  From Early Adoption to Mass Participation, Ozak AIs Presale Breaks $7 Million, Highlighting Rapid Growth Rarely Seen Before Public Exchange Listings  Ozak AI, a presale token, continues to attract market interest as its fundraising exceeds $7 million, indicating an unusual spike in early-stage investor confidence before any public exchange listing. The token is valued at only $0.01. With that, the current high investor momentum indicates not only investor confidence but also the projects innovative strategy of merging predictive financial intelligence and blockchain technology.  Ozak AI Hits $7 Million Mark in Presale Fundraising  The last phase of the Ozak AI presale is underway and proceeding quickly. The $OZ token is worth $0.014 in this Phase 7. Early participants have gained around 14× since the initial Phase 1 price of $0.001. As it has sold more than 1.03 billion tokens have been traded, and total funds exceeding $7 million now, momentum is still growing in this phase, and the grand launch is coming soon.  With this continued trust and belief, the project targeted its listing price at $1, so investors who participate now can get gains of about 71×, giving a last chance to gain an early exposure before the mainstream adoption occurs.  What Supports Ozak AIs

05-25

Silicon Valley Law Firm Fenwick & West Settles FTX Fraud Claims for $54 Million

Plaintiffs motion for preliminary approval of the second tranche of settlements, provisional certification of the proposed settlement class, and approval of the proposed schedule. Source: ().  The lawsuit is part of the broader multidistrict litigation known as In Re: FTX Cryptocurrency Exchange Collapse Litigation. Attorney David Boies represented plaintiffs in the case. Fenwick initially sought dismissal before engaging in settlement talks.  Under the terms, the $54 million will be deposited into an escrow account within 120 days of initial court approval. Plaintiffs attorneys said the deal was reasonable given the complexity and cost of continued litigation.  FTX collapsed in November 2022, triggering bankruptcy and exposing a fraud that wiped out billions in customer funds. Bankman-Fried was sentenced in 2024 to 25 years in prison for stealing roughly $8 billion from customers.  The Fenwick agreement is part of a second wave of class-action settlements tied to the FTX collapse. Earlier deals involved FTX executives Caroline Ellison, Nishad Singh, and Gary Wang, as well as celebrity promoters. Auditor Prager Metis separately agreed to pay approximately $11.75 million in related resolutions, pushing combined professional services payouts to roughly $66 million.  For FTX victims, the settlement adds to a stream of partial recoveries that remain small relative to total

05-25
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