Vitalik Buterin drew laughs at Devcon 8 in Mumbai after taking the stage in a green cloak and smiling mask. Meanwhile, Bitmine Immersion Technologies bought 8,573 ETH, taking its holdings to 6,060,506 ETH, or about 4.9% of the total supply and $13.7 billion at the stated price of $2,261. The company has staked 5.23 million ETH, representing 86% of its holdings, and estimates that its position could generate $358 million in annualized rewards. Tom Lee sees ETH potentially revisiting its former high near $4,954, or even reaching $6,000, before the end of 2026, although substantial outflows from U.S. spot Ethereum ETFs and technical resistance near $2,315 are weighing on the bullish outlook.
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