Ethereum Updates Today: Major Ethereum Investor Makes $1.34B Move Amid Crypto Market Slump
- Chordate board proposes voluntary liquidation and delisting due to insufficient capital, with process starting December 2025. - Ethereum whale '66kETHBorrow' accumulates $134M in ETH amid market selloff, signaling long-term bullish conviction. - Crypto markets face $3,000 ETH support test as $170M+ liquidations highlight fragility, contrasting whale's accumulation strategy. - Canaan Inc. reports $1.3B mining revenue and BTC/ETH treasury growth, showcasing resilience amid industry downturn.
Chordate’s board of directors has put forward a plan for voluntary liquidation and removal from the stock exchange, citing a shortage of working capital and no feasible way to secure funding for ongoing business. The delisting process will start with an extraordinary general meeting scheduled for December 8, 2025, and a formal application to the exchange is expected in mid-March 2026. The board maintains that the expenses and operational demands of being listed now outweigh the advantages, particularly in light of the company’s weakened outlook
During this period of corporate transition, a notable
Meanwhile, the overall cryptocurrency market is experiencing a significant downturn.
The whale’s aggressive buying stands in stark contrast to the prevailing market sentiment. While individual investors and smaller institutions are selling off, this whale’s activity suggests a view that Ethereum’s present valuation offers a strategic buying opportunity. This split between short-term fear and long-term positioning highlights the market’s complexity.
Canaan Inc., a leading company in digital mining, announced strong third-quarter 2025 results, reporting a record $1.3 billion in mining revenue and holding $119.2 million in cash.
The ongoing accumulation by the Ethereum whale, along with patterns typical of institutional investors, could point to a broader trend of strategic positioning. Nevertheless, the short-term outlook for the market remains uncertain, with crucial support levels under threat and ongoing macroeconomic instability.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Today: Ethereum Faces the $2,800 Test—Will It Hold Steady or Falter?
- Ethereum fell to $2,870, a key support level, amid Fed policy uncertainty and macroeconomic fears. - Technical analysis suggests stabilization near $2,800 as retail traders sell while large holders accumulate. - Declining forced liquidations and rising short positions hint at potential short squeeze risks. - Trump's 2026 tariff plans and Fed liquidity delays add uncertainty to crypto's near-term outlook.
Hacker's $398K Cryptocurrency Theft Triggers Worldwide Call for Tighter Digital Asset Regulations
- Indonesian authorities arrested HS for exploiting Markets.com's vulnerability to steal $398,000 in crypto using fake Indonesian IDs. - The case exposed critical security flaws in crypto platforms, prompting global calls for stricter regulations and cross-border enforcement cooperation. - UK and US joint operations targeting crypto fraud intensified, with the UK imposing new consumer protection rules for exchanges. - Authorities seized 266,801 USDT from HS's wallet, now facing up to 15 years in prison for
Bitcoin News Update: Tether Connects Conventional Finance and Blockchain Through Expansion in Latin America
- Tether invests in Parfin to boost USDT adoption in Latin America via custody, trading, and blockchain settlement tools. - The partnership targets cross-border payments, RWA tokenization, and institutional credit markets, aligning with Tether's finance-bridge mission. - Latin America's $1.5T crypto volume in 2025 positions the region as critical for scaling institutional blockchain solutions. - Tether's strategy counters regulatory shifts like Brazil's proposed stablecoin transaction tax, positioning USDT
The Downfall of ChainOpera AI Token: A Warning Story for AI-Based Cryptocurrency Initiatives
- ChainOpera AI (COAI) token's 96% collapse in late 2025 highlights systemic risks in AI-integrated blockchain projects, including centralized governance, technical flaws, and regulatory ambiguity. - Centralized control by ten wallets (87.9% supply) and untested AI algorithms exacerbated liquidity crises, failing to stabilize algorithmic stablecoins like xUSD and deUSD. - 2025 data shows 270% surge in AI-related technical vulnerabilities, while U.S. CLARITY Act ambiguity worsened investor uncertainty amid
Trending news
MoreCrypto prices
More
