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Over a week ago, roughly 167,000 ETH worth over $630 million was withdrawn from the Aave lending pool flipping a popular staking strategy negative.
Bitcoin is holding steady as we approach the end of July, while Ethereum is seeing a surge in speculative interest.
The new PR firm is named Halcyon and will work with early to mid-stage companies in the crypto and AI space, Strobel told The Block.
Ethereum treasury firms have bought 1.26 million ETH since June and could grow their holdings tenfold, according to Standard Chartered.
Pantera Capital, FalconX, Arrington Capital, among others, are backing the latest Bitcoin reserve company, ZOOZ.
The company plans to use the offering proceeds for general corporate purposes, including the acquisition of bitcoin and other digital assets.
As of July 28 at 10:45 p.m. ET, BitMine said it now holds 625,000 ETH ($2.4 billion) and 192 BTC ($22.8 million).
An Ethereum-aligned consortium, including Consensys, SharpLink, Eigen Labs, ENS Labs, and Status, will manage its ecosystem fund.
ETH Strategy said it has raised 12,342 ETH ($46.5 million) in prelaunch, with its STRAT token set to go live on Tuesday.
The crypto mining rig maker told Bloomberg that it plans to launch a new production line in Texas or Florida by the end of the third quarter.