Bitmine's total ETH holdings amount to 4,325,738 tokens, with 3,037,859 ETH staked, meaning the ETH staking rate has exceeded 70%. Based on the current annual staking yield of 2.8%, Bitmine's annual interest income is approximately 85,000 ETH ( roughly equivalent to $172 million ), averaging 233 ETH per day ( approximately $4.7 million ). It seems quite substantial, but upon closer inspection, it's quite alarming—definitely a selling pressure, selling pressure! Let's do some quick calculations: with 120 million ETH, assuming all are staked (don't get excited about this assumption), the annual yield would be 3.36 million ETH. If the future ETH price is $10,000 each, that would mean a selling pressure of $33.6 billion annually! Of course, not all ETH will be staked; I remember the actual staking amount is around 30 to 40 million ETH.

Hong Kong Securities and Futures Commission Takes a Big Step | The Era of Virtual Asset Compliance Leverage Has Arrived 2.11 The Hong Kong Securities and Futures Commission officially announces three major new policies: 1. Licensed brokers can conduct virtual asset margin financing 2. First-time approval for compliant platforms to offer leveraged perpetual contracts to professional investors 3. Platforms are allowed to engage related companies in market making to enhance liquidity Full regulatory oversight + investor protection. Hong Kong’s compliant crypto market officially enters a new stage of leverage + derivatives, long-term benefits for institutional entry and market liquidity. $BTC $ETH #当前行情抄底还是观望？