(Getty Images)

BitMine acquires an additional $820 million of ethereum

Meanwhile, investment management firm VanEck filed for a staked ethereum ETF with decentralized finance giant Lido.

10/20/25 12:55PM

BitMine announced purchasing around $820 million worth of ethereum last week, according to a press release, bringing its collective holdings to over 3.2 million tokens or $13 billion at current prices. BitMine’s stash of ethereum now makes up roughly 2.7% of the cryptocurrency’s total supply.

Shares of BitMine Immersion Technologies rose on the news, as ethereum struggles to stay near the $4,000 mark after dipping under $3,800 over the weekend.

BitMine Chairman Tom Lee said ethereum is facing downward pressure as a result of the October 10 deleveraging event, which triggered over $19 billion in liquidations. “This price dislocation represents an attractive risk/reward,” Lee argued.

Meanwhile, investment management firm VanEck filed for an ETF that would give investors exposure to ethereum staking through Lido, a decentralized finance heavyweight with a total value locked of $34.2 billion.

Last week was rough for US spot ethereum ETFs, which saw nearly $232.3 in outflows on Friday alone, bringing last week’s outflows to $311.8 million in outflows in total, data from SoSoValue shows.

Yaël Bizouati-Kennedy

22h

Bitcoin sinks as market goes risk-off

A hint that “big” news about the US strategic bitcoin reserve was coming soon couldn’t stop the asset’s decline.

Sage D. Young4/27/26

NFT price floors surge, but trading volume still in the dumps

The price floor (the lowest possible acquisition cost) of many NFTs has pushed higher recently, but sales volume has not picked up.

In the last seven days, ethereum-based collection CryptoPunks has increased more than 19% to a floor price of nearly 31 ethereum, worth over $70,000, while Bored Ape Yacht Club NFTs have jumped 26% to 9.5 ethereum, or $21,692, according to analytics platform NFTPriceFloor.

Pudgy Penguins has increased 20%, Chromie Squiggle has rallied 29%, and anime-inspired Azuki has gained over 44% in the period.

Zooming out, however, the ongoing rally has not coincided with growing trading volume. Weekly sales volume since last April has been on a gradual decline, per data aggregator CryptoSlam, suggesting narrow enthusiasm underpinning the price upswing.

While these once popular NFTs have seen their price floors rise recently, they are far from the heights they reached when they starred in the 2021 crypto cycle. For example, DJ and producer Steve Aoki purchased seven Bored Ape Yacht Club NFTs for more than $800,000 five years ago, but those NFTs at the collection’s price floor are worth $152,000 today.

Elsewhere, NFTs representing graded “Pokémon” cards are gaining traction. Collector Crypt, a solana-based venue that enables users to trade tokenized “Pokémon” cards, has earned between $2 million and $3 million each month in 2026. Its native token, CARDS, has jumped 94% in the last seven days, data from CoinGecko shows.

Yaël Bizouati-Kennedy

4/27/26

Bitcoin ETFs hit 9-day positive streak, but fail to push price past psychological level of $80,000

The asset reached $79,400 on Sunday night, its highest level since January 31, but couldn’t sustain the rally and dipped to the $77,500 level Monday morning.