Today cryptocurrency It’s a busy day for the markets and we announced many important developments at the last minute. The new big development of the day was the official announcement made by BitMine. Simultaneously, BlackRock also made a big move for Ether. Graphics are also important in reflecting the excitement of the latest developments.
BitMine Ethereum Reserve
Even though MNAV took a hit and BMNR shares reached new lows, BitMine Immersion ether announced the acquisition. The total size of the company’s cryptocurrency and cash reserves reached 13.2 billion dollars. The company, which has been accumulating since June, aims to add 5% of the Ether supply to its reserves and is already halfway there.
The company, which announced that it held 3% of the ETH supply in the previous announcement, now holds 3.2% of the supply. President Lee said things will change faster by next year as Wall Street becomes more interested in tokenization. The company’s annual shareholder meeting will take place on January 15, and we may see big announcements on that date.
BMNR, which ranks 37th among the 40 most popular stocks in the USA, attracts an average daily volume of 1.8 billion dollars.
138,452 last week ETH The company, which announced that it had bought more, saved an average of $ 3,139. Total reserves reached 3,864,951 ETH and new purchases increased by 156% compared to the week of November 17. The announcement also included Ethereum 
$2,804.64 and some important details for the markets were mentioned.
“Activated on December 3, the Fusaka upgrade, aka Fulu-Osaka, offers a number of improvements in scalability, enhanced security, and usability. The Federal Reserve is taking several important steps, including ending QT (quantitative tightening) in December, and is expected to reduce interest rates again on December 10.”
Chairman Lee said that 8 weeks have passed since the massive liquidation on October 10 and the basic indicators of cryptocurrencies have begun to improve. One of the largest institutional cryptocurrency whales BitMine It is the second global cryptocurrency treasury company after MSTR, with assets of more than 660 thousand BTC.
BlackRock and Ethereum (ETH)
The other big development of the day was made by BlackRock staked ETH ETF It was his application. iShares Ethereum Staking Trust paves the way for the Staking-capable ETH ETF, which Gensler opposed at launch. Since the company that fills out the S-1 registration form generally takes steps that it believes will yield definitive results, this product is considered certain.
The process will continue and form 19b-4 will be expected to be submitted. iShares Ethereum Staking Trust (ETHB) This named fund will be the company’s second ETH ETF after ETHA, which was launched in July 2024. ETHA, which holds $11 billion in ETH, will be separate from the staking version, so we may see outflows from the main ETH ETF during the transition from ETHA to ETHB. Up to 5% annual staking income will be attractive to investors.
