hodler

9 Mar 2026, 23:41

Ethereum Foundation taps Bitwise tech for $140M, 70K ETH staking initiative

The Ethereum Foundation has chosen Bitwise Asset Management’s staking technology to manage one of the most significant treasury deployments in the history of decentralized finance, selecting the firm’s open-source tools to handle a planned 70,000 Ether (ETH) staking program worth more than $140 million at current prices. The asset manager, which oversees more than $15 billion in client assets, announced on Monday that its onchain staking division, Bitwise Onchain Solutions, is developing and maintaining the software behind the foundation’s initiative. The foundation announced on February 24 that it had begun staking with an initial deposit of 2,016 ETH. It added, “Approximately 70,000 ETH will be staked with rewards directed back to the EF treasury.” With Ethereum’s ETH token trading around $2,000 at the time of writing, the total of the foundation’s 70,000 token staking target is worth about $140 million. The staking rewards will be directed back to the treasury to help fund protocol research and development, ecosystem grants, and other core operations. Why is the Ethereum Foundation staking its treasury? In June 2025, the Ethereum Foundation introduced a treasury management policy, its first formal framework for active deployment of assets. The policy, developed with input from co-founder Vitalik Buterin and other senior contributors, set annual operating expenditure at roughly 15% of total treasury value and mandated maintaining a 2.5-year operational runway. ETH staking was identified as the natural first step. The foundation’s policy also commits it to what it calls “Defipunk” principles. The principles involve deploying capital exclusively through open-source, permissionless, privacy-respecting infrastructure. Solo staking using Bitwise’s tools satisfied all of those criteria. The foundation is also avoiding concentrating staking with one single operator, and it does this by participating directly in consensus through validator nodes. This helps it to avoid delegating to a third-party staking service and ensuring that staking doesn’t become centralized. Does Bitwise own the staking tech Ethereum Foundation chose? The tools the Ethereum Foundation is using are Dirk and Vouch, both of which were originally built by Attestant, a London-based specialist staking infrastructure company. Attestant was founded by Sreejith Das, Jim McDonald and Steve Berryman. Bitwise acquired Attestant in late 2024, bringing about $3.7 billion in staked assets under management and absorbing the team into what became Bitwise Onchain Solutions. Dirk functions as a distributed key-signing tool, spreading cryptographic signing responsibilities across multiple machines and jurisdictions so that no single point of failure can interrupt the foundation’s validation duties. Vouch acts as a validator client coordinator, managing multiple execution and beacon client pairings and applying configurable strategies to guard against client diversity risks, a known vulnerability in proof-of-stake networks where a dominant client bug could trigger mass slashings. “When we first built Dirk and Vouch, our mission was to create the most resilient, secure staking infrastructure for the ecosystem,” said Sreejith Das , now Bitwise’s head of onchain solutions. “Seeing the Ethereum Foundation adopt these tools for its own treasury is validation of that original vision.” Bitwise chief technology officer Hong Kim called the selection “a watershed moment” for the firm. Both tools are maintained as open-source public goods and are freely available to the Ethereum ecosystem. Bitwise has stated it will continue to update and support the software regardless of commercial arrangements. The smartest crypto minds already read our newsletter. Want in? Join them .

9 Mar 2026, 23:40

KMNO Technical Analysis March 9, 2026: Weekly Strategy

KMNO is trapped in a downtrend, with RSI oversold and MACD bullish divergence signaling a bottom. If it holds above the critical $0.0186 support, the accumulation phase could begin, though BTC weak...

9 Mar 2026, 23:30

XRP Investors In Pain: $50 Billion Worth Of Supply Now In Loss

On-chain data shows the amount of XRP supply sitting underwater has shot up to historically high levels following the recent market downturn. 36.8 Billion Tokens Of The Asset Are Currently Being Held At A Loss In a new post on X, on-chain analytics firm Glassnode has shared an update on the latest trend in the XRP Total Supply in Loss. This metric measures, as its name suggests, the total amount of the cryptocurrency’s supply that’s currently in a state of net unrealized loss. The indicator works by checking the on-chain history of each coin in circulation to find what price it was last moved at. If the last transaction price was more than the current spot price for any token, then that particular coin is in a state of loss. The Total Supply in Loss adds up all tokens satisfying this condition. Related Reading: Bitcoin Big-Money On The Move: Exchange Whale Ratio Spikes To 0.6 A counterpart indicator called the Total Supply in Profit takes care of the supply of the opposite type (that is, the coins with a cost basis lower than the latest spot price). Now, here is the chart shared by the analytics firm that shows the trend in the 7-day exponential moving average (EMA) of the XRP Total Supply in Loss over the last few years: As shown in the graph above, the XRP Total Supply in Loss fell to a relatively low level in 2025, but in the last quarter of the year, the metric rose. The trend change came as the cryptocurrency sector as a whole saw the start of a bearish phase. Today, the Total Supply in Loss has a value of 36.8 billion XRP. From the chart, it’s visible that this is a relatively high level when compared to the past, with it being surpassed only once before in the current cycle. The picture is a bit different when the indicator is denominated in USD terms. As shown in the above chart, the USD version of the XRP Total Supply in Loss set a peak higher than any witnessed in the past few years during the latest market downturn. This suggests that the capital invested in the cryptocurrency has gone up by magnitudes as the years have passed. Currently, supply worth around $50 billion is in a state of loss on the blockchain. Related Reading: Bitcoin Faces On-Chain Air Gap To $81,000: Will Momentum Build? Generally, digital asset markets tend to arrive at bottoms when investor pain is at its highest. As such, considering the current loss situation on the XRP network, it only remains to be seen whether the coin will reach a bottom in the near future. XRP Price At the time of writing, XRP is floating around $1.35, down over 0.5% in the last 24 hours. Featured image from Dall-E, chart from TradingView.com

9 Mar 2026, 23:21

EIGEN Comprehensive Technical Analysis: March 9, 2026 Detailed Review

EIGEN is consolidating at 0.18 USD in the downtrend channel; even though MACD is bullish, structural bearish signals prevail. Critical supports at 0.1767-0.1627 are expected to be tested, BTC corre...

9 Mar 2026, 23:15

XRP Price Prediction: Whales Just Bought 210 Million Tokens – Is a Big Update Coming?

XRP has been under a lot of pressure this year. The price has been falling since January, leaving a large portion of the circulating supply in the red. On-chain data shows how stressed the market has become. A big portion of XRP holders are now in loss after the latest crash. Source: Glassnode Trading activity on the XRP ledger has slowed as many traders step back and wait for a clearer direction. Liquidity is also thinning out. With lower trading volume, even modest inflows or outflows can move the price more aggressively, making the market more sensitive to large trades. However, there are still some believers left. Data from Santiment shows whale wallets holding between 1 million and 100 million XRP have been steadily increasing their balances. In total, these large wallets added about 210 million XRP during the latest accumulation phase. Source: Santiment That kind of activity usually gets attention. Whales tend to think long term and often build positions when sentiment is weak and liquidity is thin. XRP Price Prediction: Are Whales Positioning for a Larger Move? With trading activity slowing and liquidity thinning across exchanges, the recent accumulation by large XRP holders could become a key factor shaping the asset’s next move. The chart is telling the same story, XRP is getting prepared for a big move . Price is compressing inside a wedge between resistance near $1.50 and rising support just above $1.30. This setup usually shows the market losing momentum before a bigger move. Right now, $1.30 is the key floor. As long as that level holds, XRP can keep consolidating and attempt another breakout. However, $1.50 remains on the wall. A clean break above it could open the path toward $1.61, with larger targets near $1.90 and $2.20 if momentum builds. But if $1.30 breaks while liquidity stays thin, the drop could speed up quickly. In that case, the next major support sits near $1.12. Maxi Doge Could Save Meme Coins This Bear Market When coins like XRP start crawling and every bounce feels slow, traders usually get restless fast. Nobody in crypto enjoys sitting around waiting for momentum to show up. That is usually the moment when attention shifts toward something that actually looks ready to move. That is where Maxi Doge ($MAXI) steps in. The project is not trying to play the slow and steady game. It leans fully into speed, meme energy, bold branding, and a community that gets louder when sentiment flips and traders begin chasing the next narrative gaining traction. In short, it is built around momentum. And the early traction suggests people are already noticing. The $MAXI presale has brought in around $4.6 million so far, while early participants can lock their tokens and earn staking rewards of up to 67% APY . When larger players are busy accumulating slower assets, retail traders usually start hunting the next coin that can move quickly. Maxi Doge looks like it is positioning itself right for that kind of moment. Visit the Official Maxi Doge Website Here The post XRP Price Prediction: Whales Just Bought 210 Million Tokens – Is a Big Update Coming? appeared first on Cryptonews .

9 Mar 2026, 23:01

IMX Comprehensive Technical Analysis: Detailed Review of March 9, 2026

IMX at critical $0.1507 support in a downtrend, with MACD bounce signal indicating short-term recovery potential. BTC downtrend and low volume increase risks, strategic short bias recommended.