Since June, the average daily transaction volume of US dollar stablecoins has exceeded that of BTC and ETH. Standard Chartered said that stablecoin issuers may become the second largest buyer of US de

PANews reported on August 23 that according to Whale Alert monitoring, 174 million USDC was transferred from an unknown wallet to Coinbase.

PANews reported on August 23rd that, according to CoinMarketCap data, the price of the FHE token briefly broke through $0.14, a 197% increase over 24 hours, reaching a high of $0.16. This surge is believed to be related to Mind Network's ongoing promotional efforts around encrypted AI infrastructure, partnering with platforms such as BytePlus, Lark, and COZE, as well as the launch of its newly launched on-chain encrypted messaging protocol to enhance compliance with real-world assets (RWA). Mind Network is pioneering quantum-resistant fully homomorphic encryption (FHE) infrastructure, driving a fully encrypted internet through secure data and AI computing. It is collaborating with industry leaders to advance the development of the zero-trust internet protocol HTTPZ, setting new standards for trusted AI and encrypted data processing for the Web3 and AI ecosystems.

The post 69 Firms Accumulate Over 4.1 Million Ethereum appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with fascinating developments, and recent data has unveiled a significant trend: a massive accumulation of ETH reserves by a select group of firms. This phenomenon signals growing institutional confidence in Ethereum’s long-term potential, prompting a closer look at who is holding what and why these holdings matter for the broader market. Understanding the Surge in ETH Reserves by Firms According to data from Strategic ETH Reserve, a notable group of 69 firms has formalized their Ethereum accumulation strategies. Their combined ETH reserves have now surpassed an impressive 4.1 million ETH. This figure translates to approximately $19.43 billion at current valuations, highlighting a substantial investment. These holdings represent roughly 3.39% of the total Ethereum supply. It’s clear that these entities see significant value in Ethereum’s future. Several key players lead this accumulation: Bitmine: Holds a staggering 1.5 million ETH. SharpLink Gaming: Possesses 740,000 ETH. The Ether Machine: Accounts for 345,000 ETH. Such substantial individual holdings underscore a strategic, long-term outlook from these firms. How Do ETH Spot ETF Holdings Compare? Beyond individual firms, another major player in the Ethereum ecosystem is the collective of ETH spot ETF issuers. These entities offer investment vehicles that track Ethereum’s price, making it easier for traditional investors to gain exposure without directly owning the asset. Currently, ETH spot ETF issuers collectively hold about 6.5 million ETH. This represents a value of approximately $30.81 billion. Their holdings account for an even larger share of the total ETH supply, standing at 5.38%. When we compare these figures, it’s evident that both direct firm accumulation and ETF-driven holdings are contributing significantly to the overall institutional footprint in Ethereum. The growing presence of these large-scale holders profoundly impacts market dynamics. Implications of Growing ETH Reserves for the Ethereum Ecosystem The increasing concentration of ETH…