Ethereum Updates Today: Major Ethereum Investor Makes $1.34B Move Amid Crypto Market Slump
- Chordate board proposes voluntary liquidation and delisting due to insufficient capital, with process starting December 2025. - Ethereum whale '66kETHBorrow' accumulates $134M in ETH amid market selloff, signaling long-term bullish conviction. - Crypto markets face $3,000 ETH support test as $170M+ liquidations highlight fragility, contrasting whale's accumulation strategy. - Canaan Inc. reports $1.3B mining revenue and BTC/ETH treasury growth, showcasing resilience amid industry downturn.
Chordate’s board of directors has put forward a plan for voluntary liquidation and removal from the stock exchange, citing a shortage of working capital and no feasible way to secure funding for ongoing business. The delisting process will start with an extraordinary general meeting scheduled for December 8, 2025, and a formal application to the exchange is expected in mid-March 2026. The board maintains that the expenses and operational demands of being listed now outweigh the advantages, particularly in light of the company’s weakened outlook
During this period of corporate transition, a notable
Meanwhile, the overall cryptocurrency market is experiencing a significant downturn.
The whale’s aggressive buying stands in stark contrast to the prevailing market sentiment. While individual investors and smaller institutions are selling off, this whale’s activity suggests a view that Ethereum’s present valuation offers a strategic buying opportunity. This split between short-term fear and long-term positioning highlights the market’s complexity.
Canaan Inc., a leading company in digital mining, announced strong third-quarter 2025 results, reporting a record $1.3 billion in mining revenue and holding $119.2 million in cash.
The ongoing accumulation by the Ethereum whale, along with patterns typical of institutional investors, could point to a broader trend of strategic positioning. Nevertheless, the short-term outlook for the market remains uncertain, with crucial support levels under threat and ongoing macroeconomic instability.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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