Ethereum News Today: Ethereum Treasury Holdings Hit 5% Supply as 2026 Supercycle Hopes Rise

Ethereum's price has stabilized near the $2,850 support level after a sharp decline in October, with BitMine Immersion Technologies-the largest Ethereum treasury-adding 69,822 ETH last week to push its total holdings to 3.63 million ETH, or 3% of the circulating supply according to the report. Despite the recent volatility, BitMine remains bullish, citing asymmetric risk/reward potential as Ethereum approaches its $2,500 target and eyes a potential "supercycle" in 2026. The company also announced plans to begin staking its holdings via the Made in America Validator Network (MAVAN) in early 2026, a move expected to enhance its liquidity management.

Cross-chain liquidity has seen a seismic shift with the rise of USDT0, which has surpassed $50 billion in total value moved since its January 2025 launch. The protocol now connects 15 major blockchains, including Ethereum, Arbitrum, and Solana, enabling seamless, custodian-free transfers of Tether across ecosystems. This growth has been driven by USDT0's 30-40 second average settlement time-70% faster than competitors like Wormhole-and its role in reducing fragmentation for institutional and retail users. The network's 30-day TVL of $12.5 billion underscores its dominance in the omnichain stablecoin space .

DeFi innovation continues to accelerate, with projects like Mutuum Finance (MUTM) capturing investor attention. The platform, which has raised $18.9 million in its presale, is nearing a 90% allocation in Phase 6, with a 250% price increase from its $0.01 launch to $0.035 according to market data. Simultaneously, BI DeFi-a platform combining cloud computing and renewable energy-has attracted over $180 million in XRP inflows, capitalizing on institutional interest in sustainable blockchain solutions. These developments highlight a broader shift toward DeFi platforms prioritizing scalability, security, and environmental efficiency.

Meanwhile, Ethereum's institutional adoption has deepened as companies like BitMine and Eightco Holdings bolster their treasuries with $800 million in unencumbered cash and $38 million in Bitcoin holdings according to market analysis. BitMine's chairman emphasized that the current bearish momentum, with Ethereum down 30% from its October peak, presents a "compelling entry point" for long-term investors. This sentiment aligns with broader market trends, as Ethereum treasury companies collectively hold over 5% of the total supply, signaling growing confidence in the asset's future utility according to market analysis.

The surge in L1 activity is also reflected in the rebranding of SunPerp to SunX, a decentralized trading ecosystem aiming to capture 20% of the DEX market. Justin Sun, advisor to SunX, emphasized the platform's "Golden Triangle" strategy-leveraging TRON's infrastructure, HTX's global user base, and SUN token liquidity-to deliver a superior trading experience. This move follows a broader industry shift toward DEXs, which now command a 20% market share, up from under 5% in 2023.