A wallet linked to Ethereum co-founder Joseph Lubin has moved for the first time in over three years, transferring $121.6 million worth of ETH into DeFi amid a brutal market collapse that has sent Ether spiraling to its lowest price since early 2024. The timing could not be more loaded, and the crypto market is paying close attention. Dormant Wallet Breaks Three Years of Silence On-chain data tracked by Onchainlens confirms that a wallet associated with Joseph Lubin, co-founder of Ethereum and founder of Consensys, transferred 80,001 ETH, worth approximately $121.6 million at the time of the move, after sitting
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]]>A prominent early investor in Ethereum who started with a small ETH purchase and over the years went on to realize more than $34 million worth of profit from that purchase has resumed aggressive accumulation after Ethereum’s recent price decline. According to onchain tracking data, this long-dormant holder recently purchased 3,942 ETH worth about $8.08 million as Ethereum began pushing toward the $2,000 level. Due to the high profitability of that prior engagement with the asset, this new activity quickly attracted attention within crypto trading communities. According to on-chain data, the investor received 12,001 ETH from ShapeShift about a decade
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]]>Ethereum Foundation confirms it sold 10,000 ETH via direct (OTC) sale to BitMine as treasury management activity under high market sensitivity. The following announcement states that the ETH was sold at an average unit price of $2,387. Sale proceeds go towards core operational activities, such as protocol development, network expansion and community grants, three of the cornerstones vital to the continued success of Ethereum. This decision embodies a blueprint for treasury management, wherein large holders can liquidate assets via OTC channels to avoid inducing immediate sell pressure upon public exchanges, thereby attempting to support price stability. In addition, the move
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Crypto market capitulation refers to a point of extreme selling pressure when investors panic and sell off assets, often marking the bottom of a market cycle.
]]>A big step forward for Ethereum, EigenLayer has now launched slashing on Mainnet, meaning the security model is complete. This is a long-awaited upgrade. It is more than a just technical enhancement; it establishes EigenLayer as the backbone of “Verifiable Cloud.” From here on out, applications and services built atop EigenLayer will be able to make reliable, enforceable commitments. While the upgrade certainly tightened up EigenLayer’s core mission of providing secure, reliable infrastructure, it also introduced a fair number of new features that give users of EigenLayer across the network a lot more control and flexibility over what they’re doing.
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]]>An observable shift has taken place recently in the Ethereum (ETH) market. It appears “whales“—large institutional investors and individuals with substantial wealth—are aggressively amassing vast amounts of ETH. The uptick in whale activity has some market participants wondering whether this is a vote of confidence in ETH’s future. Or are these whales accumulating for other reasons? A number of substantial Ethereum withdrawals from different centralized exchanges, such as Binance, Gateio, Bybit, and Kraken, have been noted, indicating that big players in the crypto space would rather hold their ETH than trade it. With Ethereum holding a strong position in the
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]]>Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, stands at a critical crossroads. Data from the past week presents a complicated tableau: although institutional outflows from Ethereum-related products keep rising, an anonymous whale—or possibly a coordinated group—has been making some seriously aggressive moves to accumulate the asset. As this protest by the so-called smart money against current macro conditions unfolds, the future of the Ethereum price seems set to either resolve to the upside or downside in a not-too-distant timeframe. CoinShares’ most recent report states that investment products centered on digital assets have experienced a third week of consecutive outflows.
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]]>Ethereum has recently been the butt of jokes from large-cap crypto traders—and not the amusing kind. When we look at the ETH/BTC ratio, which is down a hard-to-look-at 77% since December 2021, we see something that is more overconfidence than it is wisdom. Most people see decline. But if we’re looking at this like seasoned investors, we can potentially see a rare opportunity. On-chain data is sending buy signals, and the signs coming from long-term holders are shifting in an impressive manner. Dormancy Flow Hints at Accumulation Phase An unmistakable signal is coming from the Entity-Adjusted Dormancy Flow of Ethereum,
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]]>In a strange occurrence, a hacker was able to capture 2,930 ETH (worth about $5.5 million at the time) from zkLend but has now lost all that money due to falling for a phishing website. The hacker, who was trying to be a “good actor” and not too different from a law enforcement agency that seizes stolen cryptocurrency, transferred the stolen funds through a series of transactions to TornadoCash, a popular protocol that helps users maintain their privacy. The funds were sent to a site that personifies TornadoCash but is, in actuality, a phishing site. The hackers’ final message, left
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]]>Ethereum is back in a downward slope following notable losses in the past week, although it appears strong today. An expansion from the current trading level should determine the next major move. Following last month’s trading, Ethereum took a temporal break after dipping to its lowest level for the first time in a year. This brought little positive action in the market while recovering, but the crypto later lost buzz and fell below the $2 level in the late month. Mirroring Bitcoin, it rolled over and closed last week slightly bearish. This brought a negative sentiment back in the market,
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