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ChainCatcher News, according to PR Newswire, BitMine announced today that the total value of its cryptocurrencies, cash holdings, and "potential assets" has reached $13.2 billions. As of 4:00 p.m. Eastern Time on December 7, the company's assets include: 3,864,951 ETH (Ethereum), 193 BTC (Bitcoin), $36 millions worth of Eightco Holdings (NASDAQ: ORBS) equity, and $1 billions in total cash. Fundstrat Chairman and BitMine Chairman Thomas "Tom" Lee stated: "In the past week, BitMine has increased its holdings by 138,452 ETH tokens. Compared to the average weekly increase four weeks ago, this growth is 156%, which is significant. Our accelerated buying reflects our confidence that, under multiple catalysts, the price of ETH will strengthen in the coming months. The Fusaka upgrade (also known as Fulu-Osaka) was activated on December 3, bringing a series of improvements in scalability, security, and usability. The Federal Reserve is taking several key actions in December, including ending quantitative tightening and is expected to cut rates again on December 10. It has now been more than eight weeks since the liquidation shock event on October 10, which is enough time for crypto assets to start trading again based on future fundamentals.

According to ChainCatcher, citing Coinglass data, in the past 24 hours, total liquidations across the network reached $472 million, with long positions liquidated for $281 million and short positions for $191 million. Among them, bitcoin long positions were liquidated for $58.81 million, bitcoin short positions for $62.72 million, ethereum long positions for $125 million, and ethereum short positions for $71.79 million. In addition, in the past 24 hours, a total of 127,201 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - ETH-USD, valued at $17.81 million.