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According to on-chain data, another interesting piece of news emerged on January 8th. Market maker Bitmine recently staked 57,600 ETH, equivalent to approximately $176 million USD. This move indicates that institutional confidence in ETH continues to grow.
What’s even more noteworthy is Bitmine’s historical track record — they have staked a total of 965,792 ETH, with a total value of $2.97 billion USD. Such a scale makes them a heavyweight player within the ecosystem. From a data perspective, this sustained large-scale staking behavior reflects market participants’ confidence in Ethereum’s long-term prospects and indirectly validates ETH’s market recognition as an important asset.