Ethereum’s biggest staker has just become a public company with over $10 billion locked up

CryptoSlate3h agoUpdated 3h ago
Ethereum’s biggest staker has just become a public company with over $10 billion locked up
Smart Read

Bitmine has staked more than $10 billion in ETH, making it the largest corporate Ethereum treasury company and a yield-generating bet on the network’s proof-of-stake economy. On May 4, the Las Vegas-based company said its staked ETH position stood at 4.36 million tokens, valued at $10.2 billion at ETH's average price of $2,336. The position […] The post Ethe...

Coins in this story

ETH
₹2,371.18
+0.34%

Related stories

Drift outlines a recovery plan for users after $295 million DPRK-linked exploit
CoinDesk14m ago60-word brief

Drift outlines a recovery plan for users after $295 million DPRK-linked exploit

Drift Protocol outlined a recovery plan following a $295 million exploit attributed to North Korean hackers. The framework includes recovery tokens pegged to verified losses and a growing compensation pool funded by protocol revenue, Tether support, and partners. Drift plans a security-focused relaunch in Q2 with enhanced controls, mirroring industry-wide recovery efforts after major DPRK-linked DeFi hacks.

Bitcoin extends gains to $81,500 as tokenization push lifts Bullish, Galaxy, Centrifuge
CoinDesk19m ago60-word brief

Bitcoin extends gains to $81,500 as tokenization push lifts Bullish, Galaxy, Centrifuge

Crypto market momentum could extend further unless geopolitical risks flare up again, one analyst said....

OpenAI Just Upgraded ChatGPT's Default Model—Here's What GPT-5.5 Instant Actually Does
Decrypt41m ago60-word brief

OpenAI Just Upgraded ChatGPT's Default Model—Here's What GPT-5.5 Instant Actually Does

OpenAI launched GPT-5.5 Instant as ChatGPT's default model, offering faster performance and lower costs than previous versions. This AI upgrade matters for crypto markets as major tech advancements influence investor sentiment and institutional adoption trends. The move signals OpenAI's competitive push against rivals, potentially impacting tech-heavy crypto sectors and AI-focused tokens globally and in India's growing crypto community.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.