🚨 BitMine Hits 5% ETH Cap As Abstract Dies
📊 Alpha Breakdown:
BitMine Immersion Technologies will not buy more than 5% of Ethereum's supply. Chairman Tom Lee confirmed this hard cap at Token2049. The firm holds 6 million ETH. Abstract, backed by Pudgy Penguins, will shut down this year. It lost tens of millions of dollars. Consumer crypto failed to find product-market fit. CoinShares reports digital assets are now 10% of affluent portfolios. BTC trades near $83,286....
🔗 Full Breakdown on YourWeb3Guy:
https://www.yourweb3guy.com/news/bitmine-hits-5-eth-cap-as-abstract-dies
#bitcoinnews #cryptoprices #cryptocurrency
📊 Alpha Breakdown:
BitMine Immersion Technologies will not buy more than 5% of Ethereum's supply. Chairman Tom Lee confirmed this hard cap at Token2049. The firm holds 6 million ETH. Abstract, backed by Pudgy Penguins, will shut down this year. It lost tens of millions of dollars. Consumer crypto failed to find product-market fit. CoinShares reports digital assets are now 10% of affluent portfolios. BTC trades near $83,286....
🔗 Full Breakdown on YourWeb3Guy:
https://www.yourweb3guy.com/news/bitmine-hits-5-eth-cap-as-abstract-dies
#bitcoinnews #cryptoprices #cryptocurrency