PANews reported on October 18th that on-chain analyst Yu Jin has detected that three new wallets suspected to belong to Bitmine have received 72,898 ETH ($279 million) from FalconX and BitGo over the past five hours, a pattern consistent with Bitmine's previous ETH receiving patterns. Bitmine has likely accumulated 203,433 ETH ($800 million) this week, at an average price of approximately $3,935. These coins originated from various sources, including CEXs, market makers, and ETFs, then flowed into OTC institutions like FalconX and BitGo, before ultimately reaching Bitmine addresses.PANews reported on October 18th that on-chain analyst Yu Jin has detected that three new wallets suspected to belong to Bitmine have received 72,898 ETH ($279 million) from FalconX and BitGo over the past five hours, a pattern consistent with Bitmine's previous ETH receiving patterns. Bitmine has likely accumulated 203,433 ETH ($800 million) this week, at an average price of approximately $3,935. These coins originated from various sources, including CEXs, market makers, and ETFs, then flowed into OTC institutions like FalconX and BitGo, before ultimately reaching Bitmine addresses.
Bitmine has increased its holdings of ETH by $279 million in the past five hours, bringing its total holdings to 203,000 ETH this week.
PANews reported on October 18th that on-chain analyst Yu Jin has detected that three new wallets suspected to belong to Bitmine have received 72,898 ETH ($279 million) from FalconX and BitGo over the past five hours, a pattern consistent with Bitmine's previous ETH receiving patterns. Bitmine has likely accumulated 203,433 ETH ($800 million) this week, at an average price of approximately $3,935. These coins originated from various sources, including CEXs, market makers, and ETFs, then flowed into OTC institutions like FalconX and BitGo, before ultimately reaching Bitmine addresses.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts?
The post Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts? appeared on BitcoinEthereumNews.com. In recent crypto news, Stephen Miran swore in as the latest Federal Reserve governor on September 16, 2025, slipping into the board’s last open spot right before the Federal Open Market Committee kicks off its two-day rate discussion. Traders are betting heavily on a 25-basis-point trim, which would bring the federal funds rate down to 4.00%-4.25%, based on CME FedWatch Tool figures from September 15, 2025. Miran, who’s been Trump’s top economic advisor and a supporter of his trade ideas, joins a seven-member board where just three governors come from Democratic picks, according to the Fed’s records updated that same day. Crypto News: Miran’s Background and Quick Path to Confirmation The Senate greenlit Miran on September 15, 2025, with a tight 48-47 vote, following his nomination on September 2, 2025, as per a recent crypto news update. His stint runs only until January 31, 2026, stepping in for Adriana D. Kugler, who stepped down in August 2025 for reasons not made public. Miran earned his economics Ph.D. from Harvard and worked at the Treasury back in Trump’s first go-around. Afterward, he moved to Hudson Bay Capital Management as an economist, then looped back to the White House in December 2024 to head the Council of Economic Advisers. There, he helped craft Trump’s “reciprocal tariffs” approach, aimed at fixing trade gaps with China and the EU. He wouldn’t quit his White House gig, which irked Senator Elizabeth Warren at the September 7, 2025, confirmation hearings. That limited time frame means Miran gets to cast a vote straight away at the FOMC session starting September 16, 2025. The full board now features Chair Jerome H. Powell (Trump pick, term ends 2026), Vice Chair Philip N. Jefferson (Biden, to 2036), and folks like Lisa D. Cook (Biden, to 2028) and Michael S. Barr…
Share
BitcoinEthereumNews2025/09/18 03:14
Korean Regulators Probe Bithumb After 620,000 Bitcoins Mistakenly Sent to Users
Highlights: Bithumb mistakenly sent 620,000 Bitcoins to 695 users during a promotion event. The exchange recovered 618,212 Bitcoins, covering almos
Share
Coinstats2026/02/07 19:18
ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse
By using this collaboration, ArtGis utilizes MetaXR’s infrastructure to widen access to its assets and enable its customers to interact with the metaverse.
Share
Blockchainreporter2025/09/18 00:07