Bitmine

The crypto market is attempting to build a rebound near $2.87 trillion after last week’s dip, while Bitcoin has recovered into its recent stabilization range. Ethereum’s seventh straight week of gains is reinforcing bullish sentiment as traders watch whether broader digital assets can retest higher levels.

Bitcoin’s brief move toward $79.6K faded quickly, dragging the market back toward range support near $77.4K. Traders are watching the CLARITY Act procedural vote and the Federal Reserve’s rate meeting for the catalyst that could break BTC out of its $75K to $82K band.

Bitmine added 27,180 ether last week, lifting its holdings to 5,956,378 ETH and putting its 5% Ethereum supply target within reach. Chairman Tom Lee highlighted a stronger ETH-BTC ratio, possible U.S. crypto legislation and renewed Korean demand as potential catalysts.

Ethereum is trading near its strongest area since the August rally, with market participants watching a bullish flag breakout above $2,550. Institutional buying, positive ETF flows and an improving MVRV setup are keeping attention on a possible move toward $2,800 to $3,000.

BNB climbed to a two-month high of $620 before meeting resistance at its 200-day moving average, reinforcing its role as a barometer for trading activity across crypto markets. Bitcoin remains under a more complicated spotlight as large addresses build positions while long-term holder balances continue to decline.

Former Ethereum Foundation institutional privacy researchers have launched EthSystems, a for-profit company focused on confidentiality tools for banks and other financial institutions using Ethereum. The move comes as Ethereum’s ecosystem redistributes key responsibilities through new independent organizations amid rising institutional interest in public blockchain infrastructure.

Bitmine Immersion Technologies added 27,084 ether last week in a $43 million purchase that lifted its ETH holdings to 5.7 million tokens. Chairman Thomas Lee said quarter-end window dressing helped drive recent weakness in bitcoin and ether.

Five former Ethereum Foundation researchers have launched Ethlabs, an independent nonprofit aimed at supporting Ethereum development. The initiative is backed by SharpLink, Bitmine and Consensys CEO Joe Lubin, signaling a broader push beyond the Ethereum Foundation.

Bitmine purchased $92 million worth of ether last week as it keeps moving toward its target of owning 5% of ETH supply. Chairman Thomas Lee says the company will continue accumulating into 2026, citing tokenization and AI as long-term demand drivers.

Bitmine added 76,881 ETH last week, deepening its Ethereum treasury position after closing a $274 million preferred stock offering. Chairman Tom Lee said staking revenue helps support dividend payments on the new equity.