Bitcoin24h $62,422.89-1.97%

Ethereum24h $1,781.47-2.00%

BNB24h $568.57-1.41%

XRP24h $1.07-1.97%

Solana24h $75.16-2.40%

TRON24h $0.3241-2.25%

Hyperliquid24h $63.27-5.81%

Dogecoin24h $0.0719-1.62%

UNUS SED LEO24h $9.55+0.04%

Zcash24h $501.28-5.83%

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.

As key dev Dankrad Feist leaves the Ethereum Foundation, the community is concerned about competitiveness and incentives for developers.

The hacker linked to the theft of 400 BTC panic-sold their ETH during today’s crypto crash and lost $4.5M in the process.

The April 2023 exploit allowed the brothers’ validator to drain “predatory” MEV bots who attempt to profit off transactions of regular users.