BitMine lost $8 billion on ETH but Tom Lee still made tens of millions
BitMine’s losses on its ETH bet might exceed losses at FTX, but Tom Lee will make tens of millions of dollars regardless.
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Tom Lee’s ETH losses at Bitmine exceed FTX customer losses
Bitmine Immersion Technologies Chairman Tom Lee has lost more of his investors’ money buying ETH than FTX lost on behalf of its customers.
Beeple turns ETHDenver into a post-apocalyptic wasteland
NFT artist Beeple is critiquing the collapse of Ethereum with a grim pigeon-infested depiction of this year’s ETH Denver conference.
Peter Thiel lost tens of millions in ETHZilla
Peter Thiel and Founders Fund lost tens of millions of dollars investing in ETHZilla, a struggling ETH treasury company.
Tom Lee’s BitMine ETH holdings are down $8B as crypto crashes
BitMine’s ETH holdings surpassed an unrealized loss of over $8B today despite spending $16B on the cryptocurrency.
Even Ethereum treasury companies are selling ETH to pay off debt
This month, Peter Thiel-backed treasury ETHZilla sold $74.5M of its ETH holdings to retire some of its bonds.
Tom Lee’s BitMine is performing as bad as Strategy
Shares of the world’s largest publicly traded ETH treasury company, BitMine Immersion Technologies, have crashed by over 80% since June 3.
ETH unstaking wait queue hit multi-year high
On Sunday, Ethereum users were unstaking $4 billion worth of ETH from the network due to two impactful headlines from finance.
“It’s a huge amount to me”: PulseChain user pleads for $100k gas fee refund
The individual who accidentally paid a $112,000 ETH gas fee, and is now pleading for the receiver to return it, will unlikely get it back.
— Andrew Tate, ETH
Andrew Tate went 25X long on Hyperliquid, got liquidated
Andrew Tate put a massively leveraged trade on HyperLiquid, lost it all, and then tried to delete the evidence.