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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?
- 14:58Jiuzixineng completes private placement with 100 bitcoins to advance crypto asset strategyChainCatcher News, according to PR Newswire, Nasdaq-listed Zhejiang Jiuzi New Energy Vehicles Co., Ltd. (referred to as Jiuzi New Energy) (NASDAQ: JZXN) disclosed a crypto-denominated private placement settled with 100 Bitcoin. The funds will be used to build a digital asset custody platform and for research and development of crypto storage technology, with a focus on secure multi-party computation and zero-knowledge proofs. The company stated that after signing the agreement on October 7, it has entered the implementation phase. JZXN's stock price has risen and remains above the pre-announcement closing price since the framework was disclosed. JZXN mainly operates high-power DC fast charging and energy storage in third- and fourth-tier cities, and will promote the development and testing of the “Smart Energy Cloud Platform” and cross-border digital payments.
- 14:57Ferra announces completion of $2 million Pre-Seed funding and launches DLMM DEX on Sui mainnetChainCatcher reported that Ferra has completed a $2 million Pre-seed funding round, led by Comma3 Ventures, with participation from Sui, Arche Fund, Antora Technology, and several Sui ecosystem founders as angel investors. The project has launched the first DLMM DEX on Sui, integrating CLMM and DAMM, and is now officially live on the mainnet.
- 14:51Pyth Network partners with Kalshi to provide real-time prediction market dataJinse Finance reported, according to an official announcement, that Pyth Network has established a partnership with the US-regulated event trading platform Kalshi to introduce prediction market data to more than 100 blockchain networks. This collaboration enables regulated event data to circulate on-chain at scale for the first time, providing developers and institutions with real-time event probability data services in fields such as politics, economics, and sports.