Key Notes

Bitmine purchased 82,353 ETH on Nov 3, raising total holdings to 3.4 million ETH valued at $14.2 billion.

Ethereum dropped to $3,566 following a $120 million Balancer exploit before rebounding to $3,620 amid oversold conditions.

Death cross formed as 50-day MA crossed below 200-day MA, signaling potential downtrend unless bulls reclaim $3,750.

On Nov. 3, Tom Lee-led Ethereum treasury firm Bitmine announced a new purchase of 82,353 ETH, expanding its total Ethereum holdings to 3.4 million ETH, valued at $14.2 billion.

According to the company’s press release , the firm raised its cash reserves to $389 million, up from $305 million, while reemphasizing its target to acquire 5% of Ethereum’s circulating supply. Related article: Ethereum Stablecoins Hit New Peak, Uniswap Reig

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