Whale activity on the Ethereum network has seen a sharp decline, with large transactions dropping from 2,194 on June 5 to 294, marking an 86.6% decrease. Large transaction counts are used as a proxy for institutional and high-net-worth investor activity, making the sudden slowdown a notable development for the market.
Ethereum developers are now in the final development phase of the Glamsterdam upgrade, which they plan to launch later this year. The development teams are now testing the Ethereum system on dedicated development networks while incorporating all the proposed Ethereum improvement proposals in a comprehensive testing environment. This is the
BitMEX co-founder Arthur Hayes has been indulging in Ethereum accumulation, drawing the attention of institutional investors. According to Lookonchain, a wallet linked to Hayes received 3,000 ETH worth around $5.4 million from market maker Flowdesk. This transaction was seen to have occurred after optimistic geopolitical developments. Also, this move has
A cryptocurrency trader identified as 0xa2e8 has captured the market’s attention after generating an impressive $4.93 million profit within five days through a series of highly successful Ethereum trades. The trader completed 10 Ethereum positions over the period, switching between long and short strategies depending on market conditions. Surprisingly, nine
Bitmine, an Ethereum treasury, amassed 126,971 ETH throughout the previous week. In its most recent report, the company detailed their $9.6 billion in assets, including 203 Bitcoin, 5.54 million Ethereum tokens (ETH) valued at $1,630 each, a $180 million investment in Beast Industries, a $88 million stake in Eightco Holdings,
Vitalik Buterin, co-founder of Ethereum, addressed the rising concerns leveled against the Ethereum Foundation, arguing that it should do more to promote and maintain token pricing. According to Buterin, the Foundation will stick to its stated goals of supporting decentralization of the Ethereum Protocol, open source software code, cybersecurity, long-range
Two prominent researchers resigned from the Ethereum Foundation on Monday, increasing the number of high-profile departures at the organization to eight in the last few months. Two Ethereum Foundation researchers, Carl Beek and Julian Ma, have left the organization after four and seven years, respectively. Beek helped develop the Beacon
With two new filings related to blockchain-based U.S. Treasury and money-market funds, BlackRock (BK), the biggest asset manager in the world, is intensifying its pursuit of tokenized finance. The firm is responsible for $14 trillion in AUM. The asset management behemoth proposed the creation of a new fund that would
In its third round of over-the-counter (OTC) sales to BitMine Immersion Technologies, the Ethereum Foundation has sold 10,000 ETH for an additional $22.9 million, or an average price of $2,292 per coin. In a post on X published on Friday, the Ethereum Foundation said that the proceeds from this sale
It was announced on Thursday that Josh Stark, a prominent researcher and project manager at the Ethereum Foundation, would be leaving the organization after five years. The foundation is a non-profit that oversees the development of the Ethereum ecosystem. In a post on X, Stark said that he had no
