The price of Ether (ETH) is consolidating above the key psychological level of $4,000. This movement occurs as the on-chain intelligence firm Arkham reported significant activity. According to Arkham’s analysis, the firm BitMine, linked to the well-known analyst Tom Lee, is “buying the dip.” This action, where Ether holds above $4,000, is generating notable interest among spot and derivatives traders.
Author: liam
liam
Liam writes about Web3 and decentralized finance, focusing on how protocols, applications, and governance models are used in practice. His coverage centers on real adoption, integration, and the mechanics behind decentralized systems.Market developments and regulatory context are part of his reporting when they intersect with Web3 or DeFi activity.
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The Norwegian Tax Administration (Skatteetaten) recently reported a significant milestone. The country experienced a 30% increase in cryptocurrency reporting in Norway this year. More than 73,000 taxpayers disclosed their digital asset holdings in their 2024 returns. The total value of declared digital assets doubled, reaching NOK 40.3 billion, equivalent to $3.9 billion USD. This is the highest figure ever recorded. The tax agency also noted NOK 5.5 billion in crypto asset capital gains. In contrast, reported losses totaled NOK 2.9 billion. Nina Schanke Funnemark, Norway’s Tax Director, called the increase “gratifying.” She attributed the success to recent measures to encourage…
Bitcoin (BTC) experienced a surprising 3% drop this Tuesday. The price retreated from $116,000 down to $112,250. This move puzzled investors, as it occurred while institutional demand for Bitcoin weakens, according to new on-chain reports from the platform Glassnode.
Securitize is moving toward a public listing through a SPAC merger, valuing the company at approximately $1.25 billion. With backing from major investors and a sizeable PIPE financing round, the deal signals the growing maturity of token-based asset issuance.
With the first U.S. spot ETFs for Solana now trading, analysts believe that if they replicate the momentum seen by Bitcoin and Ether products, the inflows could top US$ 3 billion in the first 12-18 months — signaling a major milestone for crypto beyond the top two coins.
Terminal Finance, supported by Ethena, now holds $280 million that users sent in before trading starts. This ready pool means the order book will begin deep and active, lowering spreads and price impact for traders, market makers, and large investors. If many users pull out at once, depth can vanish quickly, raising the risk of sharp moves.
SharpLink, a treasury that handles large amounts of Ethereum for institutions, will send 200 million dollars’ worth of ETH into DeFi projects on Linea. The move injects fresh coins into the chain’s pools and can shift liquidity between ETH and other large holdings. Liquidity providers, market makers, and desks that hedge with futures will feel the effects through potential price moves and changing funding costs.
Galaxy Digital’s stock fell 7% after the company said it will sell $1.15B of bonds that holders can swap for company stock. The deal alters cash needs and the equity risk profile because future conversions add shares and can invite selling. Portfolio and risk managers now have new inputs for hedging and allocation across the stock, options, and bitcoin-linked assets.
Solana (SOL) price is showing weakness despite enthusiasm for its ETF. The altcoin has fallen 2.2% in the last 24 hours, trading near $201. Recent data from Glassnode indicates long-term investors are selling. Meanwhile, Solana price analysis on-chain data points to an over-leveraged market.
The analysis firm Benchmark has doubled its price target for the miner Hut 8, raising it from $36 to $78 dollars this October 28th. This revision is based on the revaluation of the Hut 8 AI and Bitcoin strategy, a hybrid business model. The market is re-rating the business model of the miner, according to Benchmark analysts.
