Gate News Report, March 10 — According to on-chain analyst Yu Yan's monitoring, a whale opened a long position worth $84 million in BTC and ETH on Hyperliquid yesterday (March 9). Today (March 10), they also bought $21 million worth of ETH spot on the chain.

SharpLink reported a net loss of $734.6 million in fiscal year 2025, primarily due to non-cash accounting expenses and unrealized losses from ETH price declines. Despite strong performance in staking operations and significant growth in operating revenue, there was no noticeable appreciation in the ETH per share metric, and institutional ownership increased. Market interpretations vary, and future development depends on a rebound in ETH prices.

Bitmine Immersion Technologies recently transferred approximately 9,600 ETH into CEX hot wallets through two transactions, demonstrating confidence in Ethereum. The company's chairman stated that the increased purchases are due to a positive market outlook, and the transferred tokens may be used for internal asset management rather than selling. The company currently estimates an unrealized loss of about $7.8 billion.

Gate News Report: On March 10, the wallet labeled as Bitmine (0xD99...555e) transferred an additional 4,308 ETH to a certain CEX two hours ago, worth $8.74 million. Today, this wallet has transferred a total of 9,257 ETH to that CEX, valued at $18.79 million, and the wallet has now been emptied.

Ethereum co-founder Vitalik Buterin revealed that the Foundation has successfully staked 72,000 ETH through the simplified DVT-lite technology, aiming to lower institutional staking barriers and streamline the distributed validation process. The solution strikes a balance between stability and operational complexity, allowing multiple nodes to share validation keys and reduce downtime risk. The staking plan is expected to be completed by March 19, further enhancing the decentralization of the Ethereum network.

Gate News bot message, Trader 0x8A21 sold 499 ETH worth $2.21 million at a price of $4,434 six months ago. Two hours ago, the same trader bought back 1,004 ETH worth $2.08 million at a price of $2,070. The trader executed a sell high, buy low strategy.

2026-03-10 02:30 to 2026-03-10 02:45 (UTC), ETH's 15-minute return reached +1.32%, with a price range of 2020.97 to 2054.01 USDT, and an amplitude of 1.63%, showing a significant anomaly. Market attention increased accordingly, volatility intensified, and short-term trading activity rose. The main driver of this anomaly was the concentration of large on-chain funds buying in, especially multiple large wallets making cumulative large purchases of over 3000 ETH near key support levels, directly pushing up the ETH price.

Gate News bot message, Gate market display, ETH breaks through 2050 USDT, current price 2050.34 USDT.

On March 10, it was reported that a certain ETH whale liquidated holdings in 2016 at a cost of $10.37, ultimately depositing 5082 ETH into CEX, with an estimated profit of $10.215 million. The source of funds traces back to 23,300.79 ETH withdrawn in 2016, with a cost basis of only $241,000.

On March 10th, gold and silver prices rose to $5157.98 per ounce and $88.521 per ounce, respectively. BTC and ETH volatility indices decreased by 7.61% and 3.81%. The US dollar slightly appreciated against offshore RMB and JPY. European stock indices showed mixed performance. WTI crude oil prices increased by 1.80% to $86.14 per barrel, and Brent crude oil prices rose by 1.54%. The Gate platform offers a variety of financial product trading.