Expand Okay, now you're going to go to the other extreme, saying that L2 caching is terrible and pointless. That's not true either. L2 caching is great. L2 caching is good for Ethereum. Ethereum having L2 caching is definitely a huge win.

Expand By the way: He still holds 748,000 ETH on-chain, with a total value of $168 million.

Expand Three wallets that had been dormant for four years (likely controlled by the same entity) bought on the dip eight hours ago, spending $13.1 million to purchase 5,970 ETH at an average price of $2,195.

Expand According to Wu, in response to claims that "Bitmine (BMNR) faces $6.6 billion in unrealized losses, and future selling pressure will limit the price of ETH," Tom Lee, Chairman of Bitmine, the Ethereum treasury company, stated that these claims ignore the core principles of the Ethereum treasury. He pointed out that Bitmine aims to track the price of ETH and outperform the market over time; during periods of crypto market downturn, unrealized losses on ETH holdings are a "feature, not a vulnerability," just as index ETFs also experience losses during market declines.

Expand Last night's post-mortem analysis was almost entirely online, and all the strategies we implemented based on our analysis achieved profit targets! If you're still not making money, then you're definitely not following Brother Sao's lead closely enough! Brother Sao is serious about catching market manipulators! #PartialUSGovernmentGovernmentShutdownEnded {future}(SOLUSDT) {future}(XAUUSDT) {future}(ETHUSDT)

Expand Bitcoin bull liquidation predictions come true! Will the 2022 bear market repeat itself? Is Ethereum's decline not over yet?

Expand Ethereum 🤦‍♂️ February 2021: $2,200 April 2021: $2,200 May 2021: $2,200 July 2021: $2,200 January 2022: $2,200 May 2022: $2,200 December 2023: $2,200 February 2024: $2,200 September 2024: $2,200 May 2025: $2,200 February 2026: $2,200

Expand 🔔Ark Invest Increases Holdings in Crypto Stocks like BitMine, Bullish, and Circle Yesterday According to Mars Finance, on February 4th, The Block reported that despite the current sluggish crypto market, Ark Invest increased its holdings in crypto stocks such as BitMine, Bullish, and Circle yesterday. According to transaction filings, Ark Invest purchased $3.25 million worth of BitMine shares through its ETF on Tuesday; it also purchased $3.46 million worth of Bullish shares and $2.4 million worth of Circle shares. In addition, Ark slightly increased its holdings in Block Inc. and Coinbase, purchasing $1.77 million and $630,600 respectively. These actions continue Ark's strategy of increasing its holdings in crypto-related stocks on Monday. Currently, against the backdrop of a general crypto market downturn, many crypto stocks are trading at a significant discount.

Expand 🔔Tom Lee Responds to Bitmine's $6.6 Billion Unrealized Loss: Unrealized Losses Are Not a System Flaw, But Part of Product Design Mars Finance reports that in response to market data claiming that Ethereum treasury company Bitmine's ETH holdings have unrealized losses of up to $6.6 billion, Bitmine Chairman Tom Lee responded on the X platform, stating that some market opinions have misunderstood the operating logic of Ethereum treasuries. Bitmine's core objective is to track the ETH price and strive to achieve outperformance throughout a complete market cycle. When the crypto market is in a downtrend, the ETH price falling in tandem is a normal phenomenon. The "unrealized losses" in Bitmine's ETH holdings during this phase are not a system flaw, but part of the product design. He then questioned whether index ETFs experiencing losses during a downtrend should also be criticized. Tom Lee previously emphasized that Bitmine has no debt, and given the strengthening of Ethereum's fundamentals, the recent market correction is "very attractive." He believes that in the long term, Ethereum will remain a crucial infrastructure for the future financial system.

Expand #ETH This trade was perfect! Bottom fishing successful! Setting the stop loss at the break-even point. Currently, there's a 2x unrealized profit, so I'm not worried no matter what happens next.