Ethereum Foundation unstakes $49.6M of ETH from Lido in strategic pivot

Bitmine's significant ETH holdings and staking revenues highlight the growing influence of crypto-native systems on global financial architecture. The post Bitmine crosses 4.3% of total ETH supply as staking revenues hit $319 million annually appeared first on Crypto Briefing.

Here's what ETH has to do to validate the end of the current bear market.

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.21 Million Tokens, and Total Crypto and Total Cash Holdings of $13.4 Billion

PRNewswire, PRNewswire, 11th May 2026, Chainwire

The post Bitforex Founder Garrett Jin Deposits $1.35B in ETH to Binance in 4 Days appeared on BitcoinEthereumNews.com. Key Takeaways Garrett Jin deposited all 577,896 ETH ($1.35B) into Binance over 4 days ending May 11, 2026. Jin acquired the ETH by swapping BTC at $4,591 per ETH; the position has since lost about 49%. The Bitforex founder still holds roughly 9,343 BTC worth $757M despite the ETH drawdown. A $1.35 Billion ETH Offload and a Costly Trade A wallet attributed to Garrett Jin completed the transfer of its entire ether ( ETH) holdings to Binance on Sunday. The final batch was 225,627 ETH, worth approximately $528.19 million at current prices, bringing the total deposit over four days to 577,896 ETH, or roughly $1.35 billion. Onchain data showing Garrett Jin’s remaining 225,627 $ ETH being deposited into Binance. The transfer closes the book on what appears to be a costly trade given Jin swapped his bitcoin holdings for ETH approximately eight months ago, when ether was changi

A wallet linked to Garrett Jin, founder of the now-defunct exchange Bitforex, has deposited all 577,896 ether into Binance over just four days, closing out a position he acquired by swapping bitcoin for ETH when ether was trading at $4,591. A $1.35 Billion ETH Offload and a Costly Trade A wallet attributed to Garrett Jin […]

A crypto analyst has just predicted multiple bullish price targets for Ethereum (ETH), but expecting a major dip to critical support levels first before a sharp rally toward $6,000. From there, he outlines a roadmap to much higher targets, with $24,000 set as the ultimate parabolic zone. The analyst has based his bullish projections on the likelihood that Ethereum can break out of a crucial multi-year channel and advance with strong momentum.  Analyst Forecasts Ethereum Price Target Of $1,700 To $6,000 Celal Kucuker, a crypto analyst on X, presented a new bullish outlook for Ethereum on May 9, outlining a steady long-term roadmap to an ultimate target above $24,000. Before this projected bullish run begins, the analyst predicts a potential drop to a price level he calls Ethereum’s “mega support zone.” Related Reading: Analyst Sets $220,000 Minimum Price Target For Bitcoin, But How Will It Get There? Kucuker has set this critical support at $1,760-$1,800, likely expecting ETH to decline

Ethereum price started a fresh increase above the $2,320 zone. ETH is now consolidating and might struggle to continue higher above the $2,385 resistance. Ethereum started a decent upward move from the $2,265 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,300 zone. Ethereum Price Faces Hurdles Ethereum price remained bid above the $2,265 support zone, like Bitcoin. ETH price formed a base and started a recovery wave above the $2,300 resistance. The price surpassed the 50% Fib retracement level of the downward move from the $2,423 swing high to the $2,265 low. The bulls even pushed the price toward $2,380. Besides, there is a bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,320 and the 100-hourly Simple Mov