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Quick Take Summary is AI generated, newsroom reviewed. Bitmine purchased $480.7 million worth of Ethereum during the recent market crash. The Ethereum whale purchase boosted sentiment and triggered renewed optimism in a potential crypto market rebound. Analysts believe Bitmine is betting on Ethereum’s long-term value and blockchain utility. The move may signal stronger institutional involvement and the beginning of a fresh accumulation cycle.References BREAKING 🚨BITMINE BOUGHT $480.7 MILLION WORTH OF $ETH
Perhaps the biggest profit from an attack in recent years?
Led by Sequoia Capital and a16z, Kalshi's valuation has soared to $5 billions.
A $60 million market sell-off resulted in a $1.93 billion market cap evaporation.
Leverage is not a profit multiplier, but simply a tool to improve capital efficiency.
- 13:23A Bitcoin OG deposits 40 million USDC into Hyperliquid again to increase short positions on BTC.According to Jinse Finance, on-chain analytics platform Lookonchain has monitored that a certain Bitcoin OG has once again deposited 40 million USDC into Hyperliquid and increased their short position on BTC.
- 13:17Bitcoin treasury company Empery Digital secures an additional $100 million credit lineJinse Finance reported that Nasdaq-listed Bitcoin treasury company Empery Digital has announced an agreement with Two Prime Lending to secure an additional $100 million in credit facilities. In addition, the company also announced an increase in its stock repurchase program to $150 million. As of October 10, a total of 6,740,482 shares of common stock have been repurchased.
- 13:17Brazilian Bitcoin financial listed company OranjeBTC spends $1.94 million to acquire 16 more BTCJinse Finance reported that Brazilian Bitcoin financial listed company OranjeBTC announced it has spent $1.94 million to purchase an additional 16 BTC. As of now, its total Bitcoin holdings have increased to 3,691 BTC, with a year-to-date Bitcoin yield of 1.5%.