Ethereum News Today: Finder.com court win validates crypto product as BitMine's $2.03B ETH buy signals supply shock

Finder.com secured a court victory in its three-year legal dispute with Australia’s financial regulator, confirming that its yield-generating crypto product, Finder Earn, complies with consumer financial laws [1]. Meanwhile, Bitcoin mining firm BitMine Immersion Technologies has aggressively acquired 566,776 Ether (ETH) valued at over $2.03 billion in 16 days, signaling growing institutional interest in Ethereum. BitMine’s CEO, Tom Lee, stated the firm is “well on our way to achieving our goal of acquiring and staking 5% of the overall ETH supply,” a move that could trigger a supply shock in the Ethereum market [2].

XRP experienced a 19% intraday decline, dropping to $2.95 from a multiyear high of $3.66, as cascading liquidations and thin liquidity amplified the broader crypto market’s 3% drop to $3.79 trillion in market capitalization. Analysts, however, characterized the correction as a “healthy pullback,” with double-digit price targets still in play [3]. Michael Novogratz, CEO of Galaxy Digital, echoed this sentiment, predicting that Ethereum’s limited supply could position it to outperform Bitcoin in the next six months. He noted Ether could “knock on $4,000” and enter a phase of price discovery if it surpasses that threshold [4].

The week’s market performance highlighted stark contrasts: Bitcoin closed at $117,962, Ether at $3,774, and XRP at $3.20. Altcoin movements were mixed, with Conflux (CFX) and Ethena (ENA) leading gains, while Pump.fun (PUMP) and Sonic (S) saw significant losses. The total crypto market cap stood at $3.88 trillion [5].

Eric Trump’s analysis aligned with Novogratz’s view, suggesting Ether’s valuation should exceed $8,000 as global M2 liquidity hit $95.58 trillion. However, analysts caution that Ethereum’s near-term vulnerability remains, with Markus Thielen of 10x Research warning of “vulnerability in the near term” [6].

Source: [1] [Australian Federal Court Ruling on Finder Earn] [https://coinmarketcap.com/community/articles/6885661fad297b3c55d57413/] [2] [BitMine’s ETH Acquisition Strategy] [https://coinmarketcap.com/community/articles/6885661fad297b3c55d57413/] [3] [XRP Price Volatility Analysis] [https://coinmarketcap.com/community/articles/6885661fad297b3c55d57413/] [4] [Novogratz on Ethereum’s Supply Dynamics] [https://coinmarketcap.com/community/articles/6885661fad297b3c55d57413/] [5] [Market Performance and Altcoin Movements] [https://coinmarketcap.com/community/articles/6885661fad297b3c55d57413/] [6] [Global M2 and Ethereum Projections] [https://coinmarketcap.com/community/articles/6885661fad297b3c55d57413/]