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Illustration of Tom Lee announcing potential slowdown in Ethereum purchases by Bitmine at a Miami conference.
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Bitmine may slow ethereum purchases as goal nears, tom lee says

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Bitmine Immersion Technologies is considering slowing its purchases of ether after rapidly accumulating a large stake in the cryptocurrency. Chairman Tom Lee made the remarks during a keynote at Consensus 2026 in Miami on Thursday. The firm has amassed over 5.1 million ETH valued at approximately $11.9 billion.

Galaxy, led by Mike Novogratz, and Sharplink have launched a $125 million private fund that will invest staked Ether in decentralized finance strategies. The move comes as institutions increasingly seek yield from their Ethereum holdings. Sharplink also reported a large quarterly loss.

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Crypto companies are updating their wallets to guard against potential quantum computing risks to major networks like Bitcoin and Ethereum.

OP Labs, the developer behind the Optimism Ethereum layer-2 network, has laid off 20 employees as part of a restructuring effort. CEO Jing Wang stated that the move aims to streamline operations and prioritize core activities, not due to financial issues. The company emphasized its strong financial position with years of runway ahead.

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BlackRock has introduced its first staking Ethereum ETF, ticker ETHB, on March 12, offering investors staking rewards previously unavailable in similar funds. Ethereum's price, trading at around $2,056, has been rising for four days but remains in a horizontal channel indicative of a bearish flag pattern. This development comes as existing Ethereum ETFs hold over $11.85 billion in assets without staking benefits.

Spot ETFs for bitcoin and ethereum have experienced four consecutive months of outflows totaling over $9 billion since November, while XRP and solana ETFs continue to see inflows. This divergence suggests investors are rotating toward altcoins amid market pressures. Experts describe it as standard portfolio adjustments rather than a full retreat from cryptocurrencies.

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Ethereum co-founder Vitalik Buterin has outlined ideas to prevent the centralization of block building in a new blog post. He focuses on risks like transaction censorship and toxic MEV extraction. The proposals aim to maintain decentralization as Ethereum scales.

 

 

 

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