Ethereum miners dump 30K ETH, stonewalling 'ultra sound money' deflation narrative
Ethereum miners have sold over $40 million worth of ETH because of the Merge and plummeting revenue.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Ethereum miners have sold over $40 million worth of ETH because of the Merge and plummeting revenue.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
A $1,000 MetaMask incident could turn Ethereum’s staking queue into a $5 billion traffic jam
MetaMask's precautionary validator exits are turning a roughly $1,000 reward diversion into a test of Ethereum's staking capacity....
Bitcoin mined for pennies in 2010 moves after 16 years, now worth $8.5 million
The 100 BTC came directly from two mining rewards created during Bitcoin’s “Satoshi era” and had not moved for more than 16 years.
BitMine’s Ethereum buying spree could end in six weeks
BitMine Immersion Technologies Chairman Tom Lee said the company will stop accumulating Ethereum once its holdings reach 5% of the...
Ethereum Price Prediction: 5% Weekly Drops as Bitmine Plans to Stop ETH Buying
Ethereum latest selloff has put a key support zone and price prediction under pressure. ETH falls to $2,500 after 5% weekly declin...
Bitcoin miners escape months of distress as daily revenue surges by 78%
Bitcoin miners are emerging from months of financial pressure as rising BTC prices lift daily industry revenue by 78%. According t...
Bitcoin ETFs Bleed $484.9 Million As BlackRock Leads A Broad Day Of Outflows
TL;DR: US spot Bitcoin ETFs recorded $484.9 million in net outflows on October 7, according to Farside Investors. BlackRock’s IBIT...