News & Research

The total Ethereum holdings of companies with a dedicated accumulation strategy have surpassed the amount held by spot ETH ETFs, according to data from Strategic ETH Reserve. The data shows that 68 such companies now hold approximately 6.29 million ETH, valued at $17.77 billion. This figure exceeds the 6.23 million ETH, worth $17.57 billion, held by spot ETFs. The largest corporate holders by volume are Bitmine (BMNR), Sharplink Gaming (SBET), and The Ether Machine.

Over the past week, 20,000 BTC, worth approximately $2 billion, was deposited into exchanges, according to on-chain analyst Ali Martinez.

Deutsche Bank, Germany's largest commercial and investment bank, holds $115 million worth of shares in Strategy, BitcoinTreasuries.NET reported via X.

A new creator token launched on the Zora platform by Jesse Pollak, a developer for Coinbase's Layer 1 chain Base, was immediately targeted by snipers, DL News reported. The snipers used private channels to bypass the public queue, paying high transaction fees to acquire more than half of the 500 million Jesse tokens and securing significant profits within minutes. Pollak stated on Thursday that he launched the token to help counter the negative perception surrounding creator coins, which are tied to the personal brands of crypto personalities. Trading volume for the Jesse token has since surpassed $25 million.

A Bitcoin OG wallet, identified as "1011short," deposited an additional 665.9 BTC, valued at $55.18 million, to Binance over the past three hours, according to Lookonchain. Deposits to exchanges are typically interpreted as a precursor to selling.

DWF Labs co-founder Andrei Grachev announced on X that the firm plans to establish a new fund focused on investing in DeFi and CeDeFi projects. The fund, which will be capitalized entirely with DWF Labs' own money, is expected to be between $30 million and $75 million. Grachev added that further details will be disclosed soon.

The total cryptocurrency market capitalization has fallen below $3 trillion for the first time since May 8, according to data from CoinMarketCap. The market cap has decreased by 6.21% over the past 24 hours and currently stands at approximately $2.95 trillion.

Ki Young Ju, CEO of CryptoQuant, has assessed that now is a good time to purchase spot BTC from a long-term perspective. He explained that, from a cyclical viewpoint, the BTC bull market had already ended at the beginning of this year. According to traditional cycle theory, BTC should form a bottom after hitting its realized price of $56,000. However, Ju expressed doubt that it would actually fall to that level, as large players like Strategy are unlikely to sell. He added that market sentiment could improve at any time because governments may inject liquidity into the market for political reasons until the middle of next year. Ju concluded that selling or taking short positions would not be prudent at this time.

GAIB, a crypto AI startup focused on GPU tokenization, has announced the immediate launch of a buyback program in response to an early sell-off by external organizations on its Token Generation Event day. GAIB CEO Kony addressed rumors surrounding five wallets that sold approximately one million tokens, clarifying that they did not belong to insiders such as team members, contributors, or advisors. He stated that the company's partners and marketing agencies had violated their contracts by selling their allocated tokens ahead of schedule. According to Kony, GAIB demanded the return of all tokens, on-chain proof, and damages from the responsible parties but did not receive a positive response. The buyback program was initiated to absorb this supply. Kony assured that the community would not suffer any losses and added that more specific information, including a full proof of funds and a transparency page, will be released on Nov. 21.

Web3 education protocol OpenCampus (EDU) and NFT and blockchain game developer Animoca Brands are collaborating with Nasdaq-listed company ANPA to establish a $50 million strategy for the EDU token, BWE News reported.