BitMine's $9.1B Write-Down: The Staking Mirage and the ETH Leverage Trap
Hook BitMine reported a $9.1 billion unrealized loss on its Ethereum holdings...
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Hasutoshi
•
2026-07-16
Market Prices
| Coin | Price | 24h |
|---|---|---|
|
BTC
Bitcoin
|
$64,867.1 | -0.04% |
|
ETH
Ethereum
|
$1,921.98 | +1.97% |
|
SOL
Solana
|
$77.5 | -0.21% |
|
BNB
BNB Chain
|
$581 | -0.15% |
|
XRP
XRP Ledger
|
$1.11 | +0.39% |
|
DOGE
Dogecoin
|
$0.0741 | -0.20% |
|
ADA
Cardano
|
$0.1657 | +0.67% |
|
AVAX
Avalanche
|
$6.71 | +0.81% |
|
DOT
Polkadot
|
$0.8485 | -0.12% |
|
LINK
Chainlink
|
$8.55 | +2.88% |
Fear & Greed
25
Extreme Fear
Market Sentiment
Event Calendar
202610
05
upgrade
Ethereum Pectra Upgrade
Raises validator limit and account abstraction
22
03
unlock
Optimism Unlock
Circulating supply increases by about 2%
15
04
halving
Bitcoin Halving
Block reward reduced to 3.125 BTC
28
03
unlock
Arbitrum Token Unlock
92 million ARB released
30
04
upgrade
Celestia Mainnet Upgrade
Improves data availability sampling efficiency
12
05
halving
BCH Halving
Block reward halving event
18
03
unlock
Sui Token Unlock
Team and early investor shares released
08
04
upgrade
Solana Firedancer
Independent validator client goes live on mainnet
Altseason Index
44
Bitcoin Season
BTC Dominance
Altseason
Gas Tracker
Ethereum
28 Gwei
BNB Chain
3 Gwei
Polygon
42 Gwei
Arbitrum
0.5 Gwei
Optimism
0.3 Gwei
Hot Tags
Market Cap
All →
1
Bitcoin
BTC
$64,867.1
1
Ethereum
ETH
$1,921.98
1
Solana
SOL
$77.5
1
BNB Chain
BNB
$581
1
XRP Ledger
XRP
$1.11
1
Dogecoin
DOGE
$0.0741
1
Cardano
ADA
$0.1657
1
Avalanche
AVAX
$6.71
1
Polkadot
DOT
$0.8485
1
Chainlink
LINK
$8.55
🐋 Whale Tracker
🔴
0xf6a1...ebcb
12h ago
Out
2,038.42 BTC
🟢
0x4ccc...f94e
30m ago
In
2,039.86 BTC
🔵
0x8a86...756c
30m ago
Stake
1,230,604 USDC
💡 Smart Money
0xfe54...2179
Institutional Custody
+$3.1M
62%
0x0cd4...5e46
Top DeFi Miner
+$3.5M
62%
0xc8b4...7c04
Top DeFi Miner
+$0.9M
88%
#Staking
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