Ethereum Updates Today: Major Ethereum Investor Makes $1.34B Move Amid Crypto Market Slump
- Chordate board proposes voluntary liquidation and delisting due to insufficient capital, with process starting December 2025. - Ethereum whale '66kETHBorrow' accumulates $134M in ETH amid market selloff, signaling long-term bullish conviction. - Crypto markets face $3,000 ETH support test as $170M+ liquidations highlight fragility, contrasting whale's accumulation strategy. - Canaan Inc. reports $1.3B mining revenue and BTC/ETH treasury growth, showcasing resilience amid industry downturn.
Chordate’s board of directors has put forward a plan for voluntary liquidation and removal from the stock exchange, citing a shortage of working capital and no feasible way to secure funding for ongoing business. The delisting process will start with an extraordinary general meeting scheduled for December 8, 2025, and a formal application to the exchange is expected in mid-March 2026. The board maintains that the expenses and operational demands of being listed now outweigh the advantages, particularly in light of the company’s weakened outlook
During this period of corporate transition, a notable
Meanwhile, the overall cryptocurrency market is experiencing a significant downturn.
The whale’s aggressive buying stands in stark contrast to the prevailing market sentiment. While individual investors and smaller institutions are selling off, this whale’s activity suggests a view that Ethereum’s present valuation offers a strategic buying opportunity. This split between short-term fear and long-term positioning highlights the market’s complexity.
Canaan Inc., a leading company in digital mining, announced strong third-quarter 2025 results, reporting a record $1.3 billion in mining revenue and holding $119.2 million in cash.
The ongoing accumulation by the Ethereum whale, along with patterns typical of institutional investors, could point to a broader trend of strategic positioning. Nevertheless, the short-term outlook for the market remains uncertain, with crucial support levels under threat and ongoing macroeconomic instability.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
QCP Capital: End-of-Cycle Strength Withstands Crypto Downturn and Global Uncertainty
- QCP Capital identifies late-cycle resilience in global markets, dismissing recession fears despite recent volatility and crypto declines. - Fed rate-cut odds drop to 30% amid inflation uncertainty, while Bitcoin/Ethereum fall 20% and BlackRock's ETF sees $523M outflow. - Qfin Holdings reports 39-49% Q4 net income decline, contrasting energy/logistics sector growth in LNG vessels and LFP battery demand. - Jacobs Engineering's 16% EPS growth highlights infrastructure demand, as QCP advocates late-cycle bet
ARK Supports Nvidia's Dominance in AI Despite Concerns of a Market Bubble
- ARK Invest re-allocates $17M to Nvidia , betting on AI-driven growth amid crypto-linked equity purchases during a market slump. - Nvidia reports $57B revenue, exceeding forecasts by $2.1B, with $500B Blackwell/Rubin order backlog and 73.6% gross margin. - $15B Nvidia-Microsoft Anthropic deal intensifies generative AI competition, while analysts raise $250-$272 price targets for AI infrastructure leadership. - Market anxieties persist over AI sustainability: 61% Q3 revenue from four clients, AI "bubble" f
Treasury Targets Crypto: Sanctions Reveal Worldwide Network of Illegal Finance
- U.S. Treasury sanctions Canadian Olympian Ryan Wedding for leading a global drug network, designating 9 individuals/entities and cryptocurrency addresses linked to Bitcoin/Ethereum. - Actions target cross-border illicit finance, including Indian firms aiding Iran's oil trade and UK crypto networks laundering funds for Russian oligarchs/military suppliers. - Crackdown aligns with national security priorities, blocking crypto mining near nuclear sites and blacklisting Chinese AI firms tied to Huawei, while
PENGU Price Forecast: Managing Immediate Market Fluctuations and Key Drivers in the Altcoin Landscape After 2025
- Pudgy Penguins (PENGU) faced 2025 price volatility, surging 450% in July but dropping 28.5% by October, with critical support at $0.023. - Cboe's PENGU ETF filing could attract institutional capital if approved, while rejection risks exacerbating market instability. - Pudgy Party game and DreamWorks partnership aim to boost utility and brand visibility, though token value remains unproven. - Regulatory pressures (GENIUS Act, MiCA) and macroeconomic factors compound risks, urging hedging via stop-loss ord
Trending news
MoreCrypto prices
More
