ETH breaks $3,000

- Goldman Sachs acquires Innovator Capital Management for $2 billion in cash and equity, expanding its active ETF portfolio with $28 billion in assets under supervision. - The deal strengthens Goldman's position in structured ETFs, a 66% CAGR niche market offering downside protection and yield enhancement strategies since 2020. - Innovator's leadership in defined-outcome ETFs aligns with Goldman's strategy to capitalize on shifting investor demand for active management amid tighter monetary policy. - The a

- BitMine, led by Tom Lee, holds 3.63M ETH (3.1% of supply) as of November 2025, aiming to control 5% of Ethereum through aggressive buying ahead of the Fusaka upgrade. - The firm's $12.1B crypto portfolio includes 39% weekly ETH purchases, but faces $4-4.2B unrealized losses amid Ethereum's 30% monthly price decline. - Upcoming Fusaka upgrade (Dec 3) and 2026's MAVAN staking network aim to boost ETH demand, while equity dilution and crypto market volatility have driven BitMine's stock down 80% from peak.

- Bitcoin faces critical support at $93,000; analysts warn a break could trigger deeper correction toward $70,000 or $40,000. - Whale inflows to Binance ($7.5B in 30 days) and thinning liquidity signal potential sell-offs, mirroring 2025's crash pattern. - JPMorgan's macro asset classification and Peter Brandt's bearish technical analysis highlight growing institutional caution. - Fed policy uncertainty and global regulations compound risks, though long-term optimism persists amid 2026 growth projections.