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Aztec Completes Public Token Sale with 19,476 ETH Raised

Aztec Completes Public Token Sale with 19,476 ETH Raised

The post Aztec Completes Public Token Sale with 19,476 ETH Raised appeared on BitcoinEthereumNews.com. Key Points: Aztec Network completes $AZTEC token sale, raising 19,476 ETH. Sale involved 16,741 participants; 50% funds from community. Token sale signals strong demand for private infrastructure. Aztec Network announced on X that the public sale of its AZTEC token concluded on December 6, raising 19,476 ETH from 16,741 participants, with significant community involvement. The successful sale underscores strong investor interest in privacy-focused Layer 2 solutions, highlighting Aztec’s community-centric approach and its potential impact on Ethereum’s scaling and privacy solutions. Aztec Collects 19,476 ETH via Community-Driven Auction Aztec Network concluded its $AZTEC token public sale, achieving 19,476 ETH in subscriptions, with 16,741 participants. Half of the funds reportedly came from community members, highlighting significant interest in private Ethereum scaling. Aztec’s innovative ticker system represents their commitment to privacy solutions. The token sale, orchestrated as a Continuous Clearing Auction in collaboration with Uniswap, generated approximately $59.2 million. Tokens are now available for staking, with sequencers requiring 200,000 AZTEC tokens. Aztec just pulled off one of the cleanest, most community-aligned token launches we’ve seen. 16.7k participants, 19.5k ETH, half from real users – that’s how you build a sovereign, private L2. The absence of institutional allocations was emphasized as a positive sign. Ethereum Market Dips as Privacy Demand Grows Did you know? Aztec’s fully on-chain token auction aligns with the innovative approaches first popularized by platforms like Uniswap, which previously set a precedent for community-driven token distributions, avoiding traditional venture capital dominance. Ethereum (ETH), used to raise 19,476 ETH in the Aztec sale, currently trades at $3,049.21. With a market cap of $368.03 billion and a 12.06% market dominance, ETH’s price changes are 0.75% over 24 hours and -8.04% over 30 days, per CoinMarketCap data. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 01:31 UTC on December 7, 2025. Source: CoinMarketCap According to…
Bitmine Buys $199M ETH as Smart Money Traders Short ETH

Bitmine Buys $199M ETH as Smart Money Traders Short ETH

The post Bitmine Buys $199M ETH as Smart Money Traders Short ETH appeared on BitcoinEthereumNews.com. BitMine Immersion Technologies, the world’s largest corporate Ether holder, continues buying the dip, despite the industry’s most successful traders betting on Ethereum’s price fall. BitMine acquired $199 million worth of Ether (ETH) during the past two days, through a $68 million ETH acquisition on Saturday and another $130.7 million buy on Friday, according to blockchain data platform Lookonchain. With the latest investments, BitMine now holds $11.3 billion, or 3.08%, of the total Ether supply, closing in on its 5% accumulation target, according to data from the StrategicEthReserve. BitMine’s continued accumulations are a strong sign of conviction in Ether’s long-term growth potential. The company holds an additional $882 million in cash reserves, which may be used for more Ether accumulation. Largest corporate Ether holders. Source: Strategicethreserve.xyz Related: Ethereum ICO whale cashes out $60M after 9,500x gain as top 1% keep buying ETH BitMine’s investment comes amid a significant slowdown in digital asset treasury (DAT) activity, which saw corporate Ether acquisitions fall 81% in three months, from 1.97 million Ether in August to 370,000 in net ETH acquired in November. Despite the slowdown, BitMine accumulated the lion’s share, or 679,000 Ether worth $2.13 billion during the past month. Related: Bitcoin now settles Visa-scale volumes, but most is for wholesale, not coffee Smart money traders are betting on Ether’s price decline The crypto industry’s best-performing traders by returns, who are tracked as “smart money” traders on Nansen’s blockchain intelligence platform, are betting on the short-term depreciation of Ether’s price. Smart money traders top perpetual futures positions on Hyperliquid. Source: Nansen Smart money traders added $2.8 million in short positions over the past 24 hours, as the cohort was net short on Ether, with a cumulative short position of $21 million, according to Nansen. Ethereum exchange-traded funds (ETFs), a significant driver of liquidity for Ether,…
Ethereum Price Faces This Critical Test

Ethereum Price Faces This Critical Test

The post Ethereum Price Faces This Critical Test appeared on BitcoinEthereumNews.com. Ethereum price is attempting once again to break free from the long-standing $3,000 barrier, but the effort has stalled. After briefly moving higher, ETH slipped back toward this support range, signaling that the market remains divided.  While bullish momentum is slowly returning, investor impatience could weigh on recovery if a clear direction fails to emerge soon. Sponsored Sponsored Ethereum Investors Could Sell Their ETH The MVRV Long/Short Difference is nearing the neutral line, signaling a potential shift in profit dominance between long-term and short-term holders. This metric tracks whether long-term holders (LTHs) or short-term holders (STHs) are realizing more gains. For Ethereum, a drop below the neutral line would mean STHs hold the majority of unrealized profits. This shift is important because STHs historically sell quickly at the first sign of weakness. If they begin taking profits near $3,000, ETH could face renewed selling pressure. This behavior has often stalled previous recovery attempts, making sentiment fragile despite broader bullish signals. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Ethereum MVRV Long/Short Difference. Source: Santiment The squeeze momentum indicator adds another layer of complexity. ETH is currently experiencing a squeeze build-up, which occurs when volatility tightens and momentum compresses. Sponsored Sponsored This usually precedes a strong directional move. The histogram indicates that bullish momentum is strengthening, suggesting that once the squeeze is released, price acceleration may follow. If bullish momentum continues to grow during this period, ETH may benefit from a volatility expansion to the upside. This setup has preceded rallies in earlier cycles, though confirmation depends on market participation and whether buyers step in at $3,000. ETH Squeeze Momentum Indicator. Source: TradingView ETH Price Might End Up Falling Again Ethereum is trading at $3,045 and remains above the critical $3,000 support level. Over the last…
Ethereum Faces Mixed Signals at This Critical Price

Ethereum Faces Mixed Signals at This Critical Price

Ethereum price is attempting once again to break free from the long-standing $3,000 barrier, but the effort has stalled. After briefly moving higher, ETH slipped back toward this support range, signaling that the market remains divided.  While bullish momentum is slowly returning, investor impatience could weigh on recovery if a clear direction fails to emerge soon. Ethereum Investors Could Sell Their ETH The MVRV Long/Short Difference is nearing the neutral line, signaling a potential shift in profit dominance between long-term and short-term holders. This metric tracks whether long-term holders (LTHs) or short-term holders (STHs) are realizing more gains. For Ethereum, a drop below the neutral line would mean STHs hold the majority of unrealized profits. This shift is important because STHs historically sell quickly at the first sign of weakness. If they begin taking profits near $3,000, ETH could face renewed selling pressure. This behavior has often stalled previous recovery attempts, making sentiment fragile despite broader bullish signals. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Ethereum MVRV Long/Short Difference. Source: Santiment The squeeze momentum indicator adds another layer of complexity. ETH is currently experiencing a squeeze build-up, which occurs when volatility tightens and momentum compresses. This usually precedes a strong directional move. The histogram indicates that bullish momentum is strengthening, suggesting that once the squeeze is released, price acceleration may follow. If bullish momentum continues to grow during this period, ETH may benefit from a volatility expansion to the upside. This setup has preceded rallies in earlier cycles, though confirmation depends on market participation and whether buyers step in at $3,000. ETH Squeeze Momentum Indicator. Source: TradingView ETH Price Might End Up Falling Again Ethereum is trading at $3,045 and remains above the critical $3,000 support level. Over the last several days, ETH has hovered tightly around this zone, signaling indecision among traders as market cues shift. The mixed signals suggest that ETH may continue to move sideways near $3,000 in the short term. A breakdown triggered by STH profit-taking or broader market skepticism could push Ethereum toward $2,762 before stabilizing. ETH Price Analysis. Source: TradingView However, if bullish momentum strengthens alongside favorable macro conditions, ETH could climb past $3,131 and target $3,287. A clean break above these levels would invalidate the bearish outlook and set the stage for a broader recovery phase.
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Author: Coinstats2025/12/07 06:26