ETH Staking Surges with BitMine Milestone, Monero Hits $500 as Zcash Fumbles
ETH Staking Surges with BitMine Milestone, Monero Hits $500 as Zcash Fumbles
BitMine Immersion Technologies, a prominent Ethereum treasury company, has announced a significant achievement, now holding over 4 million ETH in its corporate treasury. This positions it as the largest Ethereum treasury company by holdings, reflecting robust activity within the Ethereum ecosystem.
In related market news, Monero (XMR) has reached the $500 mark for the first time since 2021, indicating a strong performance. However, historical data suggests a risk of a sharp pullback unless it decisively breaks above the $500–$520 resistance. Meanwhile, Monero's privacy coin competitor, Zcash (ZEC), is reported to be experiencing difficulties.
BitMine Immersion Technologies is the largest Ethereum treasury company by holdings, with over 4 million ETH in its corporate treasury.
History shows XMR has repeatedly failed near record highs, risking another sharp pullback unless it decisively breaks above $500–$520.