Ethereum’s value dropped by 7% in a major sell-off, with total liquidations reaching 1.65 billion USD. Of this, 375 million USD was linked to Ethereum, highlighting its sensitivity in the current market turmoil.
BitMine increased its Ethereum holdings by 264,378 ETH, totaling over 2% of the Ethereum network. This is part of their strategy to secure more ETH, with 1.28 billion USD raised to support this initiative.
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