Key Notes

Ethereum ETFs recorded $728.3 million in net outflows this week as market sentiment deteriorated sharply.

BitMine, the world’s largest ETH treasury holder, appointed Chi Tsang as CEO alongside three new independent directors.

Technical indicators show ETH faces steep resistance, with reclaiming the 50-day moving average becoming increasingly unlikely in the near term.

BitMine Immersion Technologies, the world’s largest Ethereum treasury company controlling more than 2.9% of the network’s supply, announced new leadership on Friday.

The company appointed Chi Tsang as its new Chief Executive Officer, succeeding Jonathan Bates, while simultaneously adding three independent directors, Robert Sechan, Olivia Howe, and Jason Edgeworth, to its board.

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BitMine is pleased to announ

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