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The cryptocurrency market is recovering, with Bitcoin reclaiming the $88k level and Ether approaching $3k. BitMine Immersion Technologies announced a significant acquisition of 40,302 ETH, increasing its total holdings to 4.24 million ETH, representing 3.52% of the total supply. BitMine also staked 171,264 ETH, aiming for $374 million annually from staking. Despite a bearish 4-hour chart for ETH, indicators suggest potential upward momentum, with resistance at $3,058. If recovery fails, support levels at $2,775 and $2,625 may be tested.
HIVE Digital Technologies (NASDAQ:HIVE) received a "market perform" rating from Keefe, Bruyette & Woods, with a revised price target of $3.50, down from $11.00. The stock opened at $3.03, with a 12-month low of $1.26 and a high of $7.84. Analysts predict a consensus rating of "Moderate Buy" with an average target of $7.63. The company reported a quarterly EPS of ($0.02), missing estimates, and had revenue of $83.37 million. Institutional investors hold 24.42% of the stock, indicating significant interest in HIVE.
Foresight News posted on X (formerly Twitter). The Ethereum Foundation's Ecosystem Support Program team has released the detailed list of projects and individuals receiving grants for the fourth quarter of 2025. The total grant amount awarded in the previous quarter reached $7,385,528.84. The funded projects and individuals focus on areas such as protocol growth and support, overall growth and support, developer experience and tools, execution layer, cryptography and zero-knowledge proofs, consensus layer, community and education, among others.
Dogecoin's profit metric has dropped to a two-year low, with only 55.53% of addresses in profit. This suggests potential seller exhaustion, but investors may want to wait before buying, as previous lows indicate further declines could occur. The Realized Price metric warns of continued selling pressure, with DOGE recently falling below its realized price of $0.146. Investors should be cautious, as current metrics do not indicate a definitive market bottom, and the $0.14 resistance level remains critical.
Tether has announced the launch of USA₮, a new stablecoin that is federally regulated and backed by the U.S. dollar. According to BWEnews, this stablecoin is designed to offer a secure and reliable digital currency option that is made in America. The introduction of USA₮ marks a significant development in the stablecoin market, providing users with a regulated alternative that aligns with federal standards. Tether aims to enhance trust and transparency in digital transactions through this initiative.