#BitMine发展动态# Followed this tweet from Hayes, which is quite interesting. Although it is a joke, it also reflects the rapid rise of BitMine recently, which is indeed noteworthy. In just five weeks, it has jumped from obscurity to becoming the third largest holder of crypto assets globally, with a scale of $4.98 billion, which is truly astonishing. The construction of the ETH reserve further demonstrates its ambition within the Ethereum ecosystem. However, from an on-chain data perspective, this trend of centralization is worth being vigilant about. In the future, it is necessary to closely monitor the flow of funds and contract interactions of BitMine to assess its potential impact on the ETH network. It is also important to keep an eye on whether other large institutions will follow similar strategies, which could trigger a new wave of institutional onboarding.