BitMine increased its ETH holdings by 60,976 last week, while Tom Lee reiterated that the current phase is the "late bear" stage.
Bitmine announced on March 9 that its combined holdings of cryptocurrency, cash, and high-risk, high-return investment projects have reached $10.3 billion, per official sources.
As of 4:00 PM Eastern Time on March 8, 2026, the company’s asset holdings include:
- 4,534,563 ETH
- 195 BTC
- $2 billion in Beast Industries equity
- $140 million in Eightco Holdings equity
- $1.2 billion in total cash
Bitmine Executive Chairman Thomas “Tom” Lee stated: “Against this week’s backdrop of war concerns and surging oil prices, Ethereum’s price has demonstrated resilience. We continue to believe crypto prices are in the late stage—if not the final phase—of a ‘mini crypto winter.’”
Lee cited analysis from Bitmine advisor Tom DeMark, noting ETH’s price trend has an 89% correlation with the S&P 500’s 2011 decline and 93% correlation with its 1987 drop. “If this analogy holds, ETH will bottom out slightly below its recent $1,740 low between March 8 and 14,” he added.
Lee revealed B
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NATO Intercepts Two Ballistic Missiles Entering Turkish Airspace
March 9th, NATO intercepted two ballistic missiles that entered Turkish airspace.
Turkey’s Ministry of National Defense said the country prioritizes good neighborly ties and regional stability—but emphasized any threat to Turkish territory or airspace will be met with all necessary measures, firmly and without hesitation.
Of the two missiles, the second—an Iranian ballistic missile—is believed to have targeted Incirlik Air Base in southern Turkey and was intercepted near the Syria-Turkey border. (Source: Jinshi)
6 minutes ago
Strategy made a significant purchase last week, acquiring 17,994 bitcoins.
Official sources stated on March 9 that Strategy invested roughly $1.28 billion last week to expand its Bitcoin holdings by 17,994 BTC, with an average purchase price of approximately $70,946 per coin.
As of March 8, 2026, Strategy holds a total of 738,731 BTC, with an aggregate cost of around $56.04 billion—equating to an average cost of about $75,862 per BTC.
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Binance Research: Crude Oil Price May Have Topped, Risk Premium Could Gradually Erode
On March 9, Binance Research noted in a social media post that Brent crude oil has already factored in the long-term risk of the Strait of Hormuz closure at roughly $110 per barrel.
Despite ongoing geopolitical tensions, various policies and market mechanisms haven’t fully kicked in—limiting further upside for oil prices and pointing to a range-bound scenario in the near term.
If oil remains range-bound, the "stagflation" narrative tied to rising oil prices may weaken, potentially easing macro pressures on risk assets including cryptocurrencies.
With selling pressure bottoming out, the crypto market is expected to find support or stage a rebound.
6 minutes ago
Arthur Hayes Long Article Shill HYPE: Target Price of $150, This is the "Highest Quality Project in the Entire Market"
On March 9, Maelstrom Chief Investment Officer Arthur Hayes published a lengthy article detailing his bullish thesis on Hyperliquid’s token, HYPE.
Hayes noted that despite current downward pressure on the crypto market, Hyperliquid—a leading perpetual futures decentralized exchange (DEX)—is poised to rebound its 30-day annualized revenue to its $1.4 billion peak within six months. The rebound will be driven by HIP-3’s permissionless listing mechanism, genuine trading depth, and large-scale token buybacks.
He emphasized HYPE’s current price-to-earnings (P/E) ratio is just ~12x—far lower than traditional and crypto exchanges like Coinbase (26x) and CME (40x). If its P/E rebounds to 25x, combined with revenue growth, the August target price could hit $150—a 5x jump from its current ~$30.
Hayes also noted the team’s monthly token allocation has plummeted from nearly 10 million tokens early on to ~140,000 recently, sharply reducing selling pressure. Maelstrom has been accumulating
6 minutes ago
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