The Ethereum Foundation has completed an over-the-counter sale of 5,000 ETH to BitMine Immersion Technologies, a publicly traded treasury firm, in a deal valued at slightly over $10.2 million.
The transaction was executed at an average price of $2,042.96 per $ETH .
This comes as Ethereum moves above the $2,000 level, continuing its recent momentum.
Over the last 7 days, $ETH has gained about 8.2%, with an additional 2.6% rise in the past 24 hours.
The foundation confirmed the sale in a post on X, noting that the funds will support core operations within the Ethereum ecosystem.
This includes protocol research and development, ecosystem growth initiatives, community grants, and developer support programs.
This marks the second instance of the foundation selling ETH directly to a corporate treasury entity. In July last year, it sold 10,000 #ETH valued at roughly $30 million at the time to SharpLink Gaming.
By periodically selling portions of its holdings during different market cycles, the Ethereum Foundation ensures sustainable funding for long-term development without relying solely on donations or external financing.
Liquidations reached $127.9M, with bitcoin accounting for $124.5M and solana seeing $18.5M. The largest single wipeout was a $6.94M $BTC position on Bitfinex. The imbalance suggests the rally was partly driven by bears being forced out of their positions. However, the strong participation across altcoins and the broader macro environment indicate the move wasn’t purely a short squeeze.
According to data from CoinGlass, the shift was also supported by changing geopolitical signals. Donald Trump mentioned that the U.S. was in talks with Iran, although Tehran denied requesting negotiations or a ceasefire.
Meanwhile, Abbas Araghchi stated that the Strait of Hormuz was only restricted to ships from “enemies,” marking a softer stance compared with the earlier blanket closure.
XRP climbed about 3% to $1.47 after breaking a key resistance level near $1.426, ending months of sideways trading. The breakout was backed by a 250% surge in trading volume, showing stronger buyer momentum.
Traders are now watching whether $XRP can hold $1.43–$1.44 as support, which could push the price toward $1.50–$1.55, while a drop below that range may pull it back to $1.39–$1.40.
Growing activity and tokenized real-world assets on the XRP Ledger are also adding to the bullish sentiment.
VIITORUL AI AL LUI ELON MUSK AR PUTEA REDEFINI ROLUL CRIPTO
Viziunea lui Elon Musk despre 'venitul universal ridicat' și abundența generată de AI semnalează un potențial cutremur economic.
Dacă locurile de muncă dispar și banii tradiționali își pierd semnificația, rețelele descentralizate precum $ETH sau $SOL ar putea pivota pentru a gestiona resursele sau identitatea într-o lume post-scarcity. Totuși, riscul de centralizare sub giganții tehnologici rămâne mare.
Piața nu a prețuit acest conflict transformator de inovație și putere.
Several macro and market factors lined up behind today’s move:
✅️ Inflation didn’t surprise higher. The latest PCE print came in around expectations (~2.8% YoY), easing some macro pressure on risk assets.
✅️ Oil fears cooled. The U.S. issued a 30-day waiver allowing countries to buy sanctioned Russian oil currently stranded at sea. Coordinated global actions, including potential strategic reserve releases, helped calm energy markets.
✅️ ETF demand continues. Spot #Bitcoin ETFs have seen multiple days of inflows, led by BlackRock’s IBIT, signaling steady institutional demand.
✅️ Options positioning amplified the move. Dealer hedging around major strikes near $75K added momentum as $BTC pushed higher.
Put together: macro pressure eased, institutional flows stayed strong, and derivatives positioning accelerated the move.
That’s often the recipe for Bitcoin momentum to restart.