Altcoins▲ Bullish

Bitmine Keeps Buying Ether as Tom Lee Calls Binance Hack Reaction Bullish

TradingGain Newsroom·1h ago·02 Nov 2026, 16:23 UTC

Bitmine kept adding Ethereum while its holdings neared its 5% supply goal. Chairman Tom Lee said ETH's modest 4% drop after the record Binance theft shows crypto is becoming more resilient. For traders, the calm reaction to a major hack may signal that the market is holding up better than expected.

ETHAt the time of writing, Ethereum traded at $2,267 (-0.09% in 24h).Live price →

Why it matters

Bitmine's Ethereum holdings are close to its 5% supply goal.
ETH fell only 4% after the record Binance theft, which Lee called muted.
Lee laid out six reasons he believes crypto is increasingly resilient.

What to watch next

Watch whether Bitmine reaches its 5% supply goal and whether ETH holds steady after the Binance theft.

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This brief is written by TradingGain from public reporting by Decrypt.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.