Bitmine Hits 99% of Ether Goal as Tom Lee Downplays Impact of $6.3B Binance Hack
Bitmine Immersion Technologies has moved closer to its ambitious goal of owning 5% of ether’s total supply, while Chairman Tom Lee argues that the cryptocurrency market’s relatively muted response to last week’s massive Binance hack demonstrates the industry’s growing resilience. Bitmine Nears 5% ETH Goal The publicly traded company announced Monday that it purchased another […]
Key Takeaways
- Bitmine Immersion Technologies has moved closer to its ambitious goal of owning 5% of ether’s total supply, while Chairman Tom Lee argues that the cryptocurrency market’s relatively muted response to last week’s massive Binance hack demonstrates the industry’s growing resilience.
- Bitmine Nears 5% ETH Goal The publicly traded company announced Monday that it purchased another […]
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
Bitmine Buys More Ethereum as Tom Lee Calls the Binance Hack Bullish
The chairman laid out six reasons the market’s “muted” 4% ETH drop after the record Binance theft shows crypto is “increasingly resilient,” as the firm’s stash neared its 5% supply goal.
Brazil’s Mercado Bitcoin halts withdrawals after $40 million drained across 10 chains
The Brazilian exchange paused deposits and withdrawals after wallets on at least 10 chains were emptied, days after the $6.3 billion Binance hack.
Binance Outflows and ETF Selling Weigh In On BTC
TL;DR Bitcoin slipped 0.4% to around $77,900 as investors assessed the fallout from Binance’s $6.3 billion hack as binance outflows pressure BTC’s price. Binance reported $3.64 billion in net outflows during the first nine and a half hours after withdrawals…