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Tag: Ethereum

Weekly Snapshot  – Crypto Market Correction

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Bitcoin and Ethereum Face Severe Weekly Correction The crypto market endured one of its worst weeks in recent years, with Bitcoin declining approximately 17-20% and trading around $61,000-$63,000 as of early June 8, 2026. Ethereum followed suit with similar losses, pushing the total market capitalization lower by hundreds of billions. Key drivers include sustained outflows from U.S. spot Bitcoin ETFs (over $3 billion recently reported in...

Altcoins, Bitcoin, Crypto market, ETF, Ethereum

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Crypto's Worst Week Since July 2024, Over .2 Billion in Positions Liquidated

Crypto’s Worst Week Since July 2024, Over $1.2 Billion in Positions Liquidated

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Bitcoin fell sharply this week, trading near or below the $60,000 psychological level — its weakest prints in months — as the broader market shed significant value. Ethereum plunged more than 12% on the day in some reports, approaching critical technical support amid the selloff. Liquidations exceeded $1.2 billion (with some sessions topping $1.7–1.8 billion), overwhelmingly hitting long positions as leveraged traders were flushed...

Bitcoin, Ethereum, Front page, News

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Bitmine Launches 9.5% Preferred Stock Offering to Fuel Ethereum Treasury Strategy Amid Billion Unrealized Losses

Bitmine Launches 9.5% Preferred Stock Offering to Fuel Ethereum Treasury Strategy Amid $9 Billion Unrealized Losses

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Bitmine plans to raise up to $300 million through 3 million shares of 9.5% Series A Perpetual Preferred Stock. Proceeds targeted for additional ETH acquisitions, staking expansion via MAVAN, and general corporate purposes. Company holds over 4.5% of ETH supply with ~$9 billion in unrealized losses as prices hover near recent lows. Move mirrors Michael Saylor’s Strategy Bitcoin treasury approach but applied to Ethereum. ...

Cryptocurrencies, ETF, Ethereum, Front page, News

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White Hat Hacker Unlocks Million in ETH Trapped for Nine Years in 2016 ICO Smart Contract

White Hat Hacker Unlocks $2 Million in ETH Trapped for Nine Years in 2016 ICO Smart Contract

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A pseudonymous white hat developer known as 0xflorent recovered roughly 1,003.62 ETH (about $2 million) locked in a 2016 HongCoin ICO contract. The funds, belonging to 48 original investors, became trapped due to a bug in the refund mechanism after the project failed to meet its funding goal. The recovery exploited an integer overflow flaw in an admin function, executed in coordination with the project team. Investors can now...

Cryptocurrencies, Ethereum, Front page, Hacks, News

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Vitalik Buterin Outlines Leaner Ethereum Foundation

Vitalik Buterin Outlines Leaner Ethereum Foundation

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Vitalik Buterin published a detailed post addressing turbulence and departures at the Ethereum Foundation (EF). The EF will prioritize longevity, sell less ETH, and focus on censorship resistance, privacy, security, and open source principles (CROPS). Buterin emphasized the Foundation as one node in a broader ecosystem, not its center, amid ongoing researcher exodus. Ethereum co-founder Vitalik Buterin has signaled a...

Cryptocurrencies, Ethereum, Front page, News

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