Author: Yeek.io

BitMine Immersion Technologies saw its stock sink nearly 8% this week, yet that didn’t stop Cathie Wood’s ARK Invest from pouring another $15.6 million into the company. Related Reading The latest move comes during a period of heightened volatility in both equities and crypto markets. ARK Expands Its Holdings According to ARK’s trading disclosures on August 27, the firm bought 339,113 BitMine shares spread across three ETFs. The ARK Innovation ETF acquired 227,569 shares valued at a little over $10 million, while the Next Generation Internet ETF added 70,991 shares worth $3.27 million. The Fintech Innovation ETF purchased another 40,553…

While Bitcoin balances continue their months-long decline on the exchange, Ethereum deposits are quietly swelling. This divergence paints a clear picture of two competing asset narratives, with traders likely rotating into altcoins. Summary OKX publishes its 34th proof-of-reserves, confirming $33.7 billion in fully backed assets. Bitcoin balances continue to decline on the exchange while Ethereum deposits rise. XRP, Dogecoin, Solana, and major stablecoins also show strong backing above 100%. On August 29, crypto exchange OKX published its 34th consecutive monthly proof of reserves, verifying it holds all user assets with a substantial surplus. The audit, dated August 18, confirms the…

During a recent interview on Fox Business, VanEck CEO Jan van Eck shared his view on which cryptocurrency he believes has become the top choice among Wall Street investors. He made it clear that the answer is not XRP, a token many expected to fill that role. According to him, Ethereum is becoming the primary choice for banks and large financial companies due to the rise of stablecoins and digital currencies, and institutions that want to remain competitive cannot afford to ignore it. Ethereum Crowned The “Wall Street Token” By VanEck CEO Jan van Eck said Ethereum is the blockchain…

The Ethereum Foundation is pausing all open grants applications as the entity’s Ecosystem Support Program transitions to a new growth chapter. Summary Ethereum Foundation has paused open grants in its support program as it eyes transition to a new model. The Ecosystem Support Program awarded over $13 million to 105 projects in 2024. The Ethereum Foundation, a key player in the Ethereum (ETH) blockchain ecosystem, is taking a new approach in the support for builders.  On Aug. 29, the EF announced that the Ethereum Support Program, which launched as a grants program in 2018 and aimed at offering grants to…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Even though Ethereum is facing bearish action after a pullback from its all-time high a few days ago, the second-largest crypto asset is still holding remarkably well above the $4,000 price mark. There has been a notable bullish response from ETH investors in the midst of the waning price action, as indicated by a rise in demand. Demand For Ethereum Is Returning Ethereum has continued its downward trend as the broader crypto market exhibits bearish action. Despite the continued negative pressure on price, Darkfost, an author and…

Ethereum has been testing key demand levels after slipping below the $4,600 mark, a breakdown that has intensified selling pressure across the market. Bulls, who recently drove ETH to new highs, are now losing control as momentum fades, and fear is beginning to creep back into sentiment. Traders are closely watching whether Ethereum can hold support zones or if a deeper retrace is on the horizon. Related Reading Yet, beneath this volatility, on-chain data tells a different story. Top analyst Darkfost shared fresh insights showing that Binance’s Ethereum reserves have dropped by more than 10% in less than a week.…

The EF’s Grants Program launched in 2018 and has evolved over time to become the Ecosystem Support Program (ESP), providing grants and support to builders that help the Ethereum ecosystem thrive. Our mission is to enable work that strengthens Ethereum’s foundations and empowers future builders, in domains such as developer tooling, research, community building, infrastructure, and open standards. In 2024 alone, ESP awarded close to $3M in funding to 105 projects and initiatives that came through our open grants program webforms. These grants, which are one part of ESP’s larger portfolio, supported a diverse range of work, such as Commit-Boost…

Kanye West’s YZY memecoin has shed 81% of its value from its peak, leaving tens of thousands of retail investors underwater while a handful of wallets captured outsized gains. Summary YZY has plunged 81% from its peak, now trading at $0.55 with a $71.6M market cap. Bubblemaps data shows over 50,000 wallets lost money, while only 11 wallets earned $1M+. The crash highlights concentration of profits among a few insiders and widespread retail losses. YZY (YZY), launched on Solana (SOL) on Aug. 21 as part of West’s “Yeezy Money” ecosystem, was trading at $0.5508 at press time, down 1% in…

The largest corporate ETH holder BitMine Immersion has been deepening its Ethereum strategy bet, and the firm has made a new appointment to further advance its mission.  Summary BitMine Immersion has appointed David Sharbutt, a former American Tower board member, to its Board of Directors. Sharbutt is expected to guide BitMine’s Ethereum treasury management, staking infrastructure expansion, and scaling operations. BitMine has been on an aggressive accumulation streak and currently holds over 1.8 million ETH, worth about $7 billion. BitMine Immersion Technologies has announced the appointment of David Sharbutt to its Board of Directors. According to an Aug. 28 post,…

A few months ago, we announced a renewed focus of Protocol on three strategic initiatives: Scale L1, Scale blobs, Improve UX. Following previous updates on Scale L1 and Scale blobs, this note relates to our “Improve UX” track, and its mission: Seamless, secure and permissionless experience across the Ethereum ecosystem, for individuals and institutions. We see interoperability, and related projects presented in this note, as the highest leverage opportunity within the broader UX domain over the next 6-12 months, in our position as a public, core Ethereum R&D group. The near-term strategy focuses on areas we believe will continue to…