The 5% Question: When One Entity Redefines Ethereum's Center of Gravity
CryptoRay
The number arrived without context, without a whitepaper, without a press release. Just a whisper across trading desks and Telegram groups: BitMine is about to hold 5% of all Ethereum. Five percent. Let that settle. In a network built on the promise that no single actor would ever hold the keys to the kingdom, one entity is quietly preparing to own a slice of the consensus layer so large it could tilt the entire ecosystem on its axis. Trust no one, verify the solitude. But what happens when the solitude is owned?