Table of Contents:
BitMine Sets New Record: Largest Ethereum Treasury Worldwide
According to Wallstreet Online, BitMine Immersion Technologies has surpassed the $2.9 billion mark in Ethereum holdings, positioning itself as the largest institutional ETH treasury globally. As of August 3rd, BitMine held 833,137 Ether at a price of $3,491.86 per coin, overtaking all other institutional holders and ranking third among the world’s largest crypto treasuries, behind only MicroStrategy and Mara Blockchain.
Tom Lee, co-founder of Fundstrat and Chairman of BitMine, predicts an ETH price target of $15,000, suggesting that Ethereum could outshine Bitcoin in the coming years. BitMine’s goal is to secure 5% of the global Ether supply, and the company has announced a $1 billion share buyback program to reinforce its position. Lee highlights Ethereum’s uninterrupted uptime and legal clarity as key factors for its adoption in traditional finance, especially for asset tokenization. He also forecasts that a potential interest rate cut by the US Federal Reserve could push Bitcoin to $250,000.
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| Metric | Value |
|---|---|
| ETH Holdings | 833,137 ETH |
| ETH Value | $2.9 billion |
| ETH Price (per coin) | $3,491.86 |
| Target ETH Supply | 5% |
| Share Buyback | $1 billion |
| ETH Price Target (Tom Lee) | $15,000 |
| BTC Price Target (Tom Lee) | $250,000 |
"Ethereum had never experienced downtime. That’s important for banks." – Tom Lee, Wallstreet Online
- BitMine now holds the largest ETH treasury globally.
- Tom Lee sees Ethereum as a key player in the future of finance.
- Institutional interest in both Ethereum and Bitcoin is rising.
Summary: BitMine’s aggressive accumulation and bullish outlook signal a new era of institutional adoption for Ethereum, with ambitious price targets and a focus on integrating crypto into traditional finance. (Source: Wallstreet Online)
Ethereum Price Under Pressure: US Monetary Policy and Trade Tensions
As reported by ig.com, Ethereum (ETH) remains well below the psychological $4,000 mark midweek, with market sentiment influenced by weak US labor data and ongoing concerns about US monetary policy. Only 73,000 new jobs were created in the US last month, significantly less than the 110,000 expected by Reuters-polled economists. Additionally, previous data for May and June were revised downward by a total of 258,000 jobs, fueling economic concerns and reducing risk appetite among investors.
Market participants are closely watching speeches by Federal Reserve officials and the weekly US jobless claims, which could further impact sentiment. From a technical perspective, the $4,000 level remains a key resistance, while a drop below $3,400 could trigger further selling pressure.
| Key Level | Status |
|---|---|
| $4,000 | Major resistance |
| $3,400 | Support level |
| US Jobs Created (last month) | 73,000 |
| Expected Jobs | 110,000 |
| Downward Revision (May & June) | 258,000 |
- Weak US job data increases economic uncertainty.
- Fed policy and trade tensions remain in focus for investors.
- Technical resistance at $4,000, support at $3,400.
Summary: Ethereum’s price is currently constrained by macroeconomic factors, with key resistance and support levels in play as investors await further signals from US policymakers. (Source: ig.com)
Ethereum Price Forecasts: Bullish Sentiment and Institutional Accumulation
Wallstreet Online reports that Ethereum is in a consolidation phase around $3,600 after a rally in July, with analysts predicting a potential mega-rally. Some forecasts now suggest Ethereum could reach $80,000, driven by strategic accumulation from companies like BitMine and SharpLink. BitMine aims to acquire 5% of the total ETH supply, while SharpLink has set an interim goal of purchasing one million Ether. Currently, 29.5% of the total ETH supply is staked, further reducing available liquidity.
The introduction of staking features in Ethereum ETFs is expected to boost demand, and the belief that Ethereum could fundamentally transform the financial system is fueling positive sentiment. Tom Lee’s team projects a price of up to $15,000 for Ethereum this year, with BitMine already investing billions to secure its position as the largest ETH treasury company.
| Forecast | Value |
|---|---|
| Current ETH Price | $3,600 |
| Staked ETH Supply | 29.5% |
| BitMine Target | 5% of total supply |
| SharpLink Target | 1 million ETH |
| ETH Price Forecast (Analysts) | $40,000 – $80,000 |
| ETH Price Target (Tom Lee) | $15,000 |
"I think Ethereum is having its 2017 moment now. I do think it is the biggest macro trade for the next decade." – Tom Lee, Wallstreet Online
- Institutional accumulation is reducing available ETH supply.
- Staking and ETF developments are seen as major catalysts.
- Analysts expect new all-time highs for Ethereum in the coming years.
Summary: Institutional buying and staking are driving bullish forecasts for Ethereum, with some analysts predicting prices as high as $80,000. (Source: Wallstreet Online)
Mantle (MNT): Ethereum Layer-2 Sees Double-Digit Gains Amid Airdrop Speculation
BTC-ECHO reports that Mantle (MNT), an Ethereum Layer-2 blockchain, has experienced a double-digit price increase in the past 24 hours, currently up 19% and leading the top 100 altcoins. Over the past week, Mantle has gained 10%, benefiting from the launch of the UR Smart Money App, which leverages the Mantle Network for blockchain-based banking solutions. The incentivization of beta users for this decentralized payment solution has contributed to a 24-hour trading volume of $550 million.
After rebounding from key support at $0.69, Mantle surged up to $0.94. If the price holds above $0.86, the next resistance zone is between $0.95 and $0.98. A breakout above this could open the way to $1.08, with further potential up to $1.23 and even the all-time high between $1.36 and $1.42. On the downside, failure to hold support could see Mantle fall back to $0.68 or even $0.63.
| Metric | Value |
|---|---|
| 24h Price Change | +19% |
| Weekly Change | +10% |
| 24h Trading Volume | $550 million |
| Key Support | $0.69 |
| Peak Price | $0.94 |
| Next Resistance | $0.95 – $0.98 |
| Potential Upside | $1.08, $1.23, $1.36 – $1.42 |
| Downside Risk | $0.68, $0.63 |
- Mantle leads top 100 altcoins with strong gains.
- New app launches and user incentives drive trading volume.
- Key technical levels could determine the next move.
Summary: Mantle’s recent surge is fueled by new product launches and airdrop speculation, with significant upside and downside technical targets in play. (Source: BTC-ECHO)
Ethereum Turns 10: Bitpanda Celebrates with Double Staking Rewards
Bitpanda marks Ethereum’s 10th anniversary by offering double staking rewards to its users. The platform, which serves over 7 million customers and offers more than 600 cryptocurrencies, highlights its commitment to security and transparency. Bitpanda’s staking feature allows users to earn rewards by participating in the Ethereum network, and the anniversary promotion aims to boost user engagement and reward long-term holders.
- Ethereum celebrates its 10th anniversary.
- Bitpanda offers double staking rewards for a limited time.
- Over 7 million users and 600+ cryptocurrencies available on the platform.
Summary: Bitpanda’s double staking rewards campaign celebrates Ethereum’s decade-long journey and incentivizes users to participate in the network’s growth. (Source: Bitpanda)
Mike Novogratz: Ethereum Has the Potential to Surpass Bitcoin
According to Finanzen.net, Mike Novogratz, CEO of Galaxy Digital, believes that Ethereum has the potential to outperform Bitcoin in the future. Novogratz points to Ethereum’s versatility, especially its role in decentralized finance (DeFi) and smart contracts, as key advantages over Bitcoin. He notes that while Bitcoin remains the leading store of value, Ethereum’s broader use cases could drive greater adoption and value appreciation.
- Mike Novogratz sees Ethereum as a strong contender to surpass Bitcoin.
- Ethereum’s DeFi and smart contract capabilities are highlighted as major strengths.
- Bitcoin remains the primary store of value, but Ethereum’s utility could lead to higher growth.
Summary: Industry expert Mike Novogratz underscores Ethereum’s potential to overtake Bitcoin, citing its expanding ecosystem and technological advantages. (Source: Finanzen.net)
Sources:
- Geheimer Star der Wall Street: Ethereum-Beben: BitMine baut das größte ETH-Treasury der Welt auf - 05.08.2025
- Ethereum Kurs: US-Geldpolitik im Fokus – Zollangst bleibt schwelend
- Ethereum: Die Prognosen überschlagen sich
- Mantle (MNT): Ethereum Layer-2 profitiert von Airdrop-Phantasie
- Ethereum wird 10 – und wir feiern mit doppelten Staking-Rewards
- Mike Novogratz: Ethereum hat das Potenzial, Bitcoin zu schlagen
