BitMine just added another $14.2M worth of $ETH , bringing its total holdings to $11.14B — roughly 4.8% of Ethereum’s supply. That’s a pretty notable accumulation. Meanwhile, the macro backdrop is sending a very different signal. July NFP came in at -23K versus +80K expected, marking a major downside surprise for the US labor market. With institutional $ETH accumulation continuing while economic data raises fresh questions around the Fed and rate outlook, USD, gold, FX, and ETH could all be interesting markets to watch next. #CMC Quest: Earn Rewards# #Solana or Ethereum?# #Macro Insights#