8 Aug 2025, 12:10

Ethereum Founder Vitalik Buterin Offers Support and Warning for ETH! He Made a Reference to Another Altcoin!

As the number of companies adding Ethereum (ETH) to their reserves continues to increase every day, Vitalik Buterin commented on this situation. In an interview with the Bankless podcast, Ethereum co-founder Vitalik Buterin supported the growing trend of ETH-focused treasury firms while warning that excessive leverage risks triggering a gradual price collapse. Vitalik Buterin said that holding ETH in companies' treasuries is valuable and helps more investors access it. However, he warned that this trend could pose risks to the Ethereum ecosystem if it turns into an “over-leveraged game.” “They certainly provide valuable services. The ability for companies to invest in ETH treasury companies rather than holding ETH directly gives investors more options. However, there are risks as well.” According to the data, the largest institutional ETH holders are BitMine Immersion Technologies with $3.23 billion worth of ETH and SharpLink Gaming with $2.02 billion worth of ETH. Vitalik Buterin also emphasized that these companies are more resilient than past failures like Terra, and stated that ETH investors are not like Terra investors, they have sufficient knowledge and discipline. “These are not Do Kwon followers we are talking about. ETH investors have enough discipline to stay away from such a crash.” Buterin added that ETH’s 163% rally this year, fueled by demand from treasury firms, has helped narrow the performance gap with Bitcoin (BTC) and Solana (SOL). *This is not investment advice. Continue Reading: Ethereum Founder Vitalik Buterin Offers Support and Warning for ETH! He Made a Reference to Another Altcoin!

8 Aug 2025, 12:04

JPMorgan Just Flipped On The Fed—Predicted To Fuel A Huge Bitcoin Price Boom

Analysts with JPMorgan have flipped to predict the Federal Reserve will cut interest rates in September...

8 Aug 2025, 12:00

Fundamental Global Enters Ethereum Treasury Strategy Trend With $5B Fundraise Plan

Ethereum’s growing appeal among institutional players has taken another leap forward as Fundamental Global Inc. (FGF), a Nasdaq-listed company specializing in reinsurance, merchant banking, and asset management, revealed an ambitious $5 billion cryptocurrency strategy in a recent SEC filing. The plan marks a major pivot toward Ethereum investments, signaling increased confidence in the asset’s long-term potential. The announcement immediately impacted market sentiment. While FGF shares closed the regular session on August 7 at $36.17, down 1.44% for the day, they surged 3.76% after-hours to $37.53 following the news. Investors reacted to the aggressive treasury allocation plan, which positions the company alongside other forward-looking firms adopting Ethereum as part of their corporate reserves. FGF’s move mirrors the Ethereum Treasury strategy trend recently embraced by Sharplink Gaming, underscoring a growing corporate shift toward integrating ETH into long-term capital strategies . This wave of institutional adoption not only strengthens Ethereum’s position in the crypto market but also reinforces its narrative as a store of value and strategic asset in the evolving financial landscape. FGF’s $5B Bet On Ethereum Marks Bold Institutional Shift Fundamental Global has made a landmark move into the cryptocurrency sector, filing an S-3 form with the US Securities and Exchange Commission (SEC) to offer up to $5 billion in securities. According to the filing, the majority of proceeds will be directed toward acquiring Ethereum, while the remainder will cover corporate and operational needs. This represents a major strategic shift for a publicly traded company historically outside the crypto space. In the filing, FGF outlined its new approach: “We recently initiated an Ethereum (ETH) treasury strategy. ETH is the native token of the Ethereum network. Ethereum is the foundation of digital finance and the settlement layer for the majority of stablecoins, Decentralized Finance (DeFi), and tokenized assets.” FGF further emphasized its intention to accumulate ETH as a long-term treasury asset, with the goal of growing its overall position and increasing ETH per common share through professional treasury management. The strategy will leverage capital raising activities alongside advanced blockchain-based tools such as staking, restaking, liquid staking, and other DeFi protocols to maximize returns and asset growth. By positioning ETH as its primary treasury reserve asset, FGF joins a growing list of companies—like Sharplink Gaming—that are embedding Ethereum into their corporate balance sheets. This approach not only diversifies reserves but also aligns the company with one of the fastest-growing sectors in digital finance. FGF’s commitment reflects a broader institutional recognition of Ethereum’s role as a core blockchain infrastructure asset. As more firms adopt similar treasury strategies, the demand for ETH could see sustained upward pressure, reinforcing its position as a strategic, yield-generating, and value-accreting asset in the corporate treasury landscape. Price Action Details: Key Levels To Watch Ethereum (ETH) is showing renewed bullish momentum, as seen in the 4-hour chart, after reclaiming the critical $3,860 resistance level. The breakout came with strong buying volume, pushing prices toward the $3,900 zone. This move follows a sharp recovery from the $3,350 local low earlier in the week, with ETH now trading above its 50-day (blue), 100-day (green), and 200-day (red) moving averages — a structurally bullish setup. However, the $3,900–$3,920 range is emerging as short-term resistance, where sellers have started taking profits. A decisive close above this level could open the door for a retest of the psychological $4,000 mark, last seen in mid-July. On the downside, immediate support lies at $3,860 — the previous resistance now flipped into a potential demand zone. If this level fails, ETH could revisit the $3,700 region, aligning with the 100-day MA for additional technical confluence. Volume patterns indicate that buyers remain in control, but the market may need consolidation before another leg up. As long as ETH holds above $3,860, the broader trend favors continuation to the upside, especially with institutional interest — such as Fundamental Global’s $5B Ethereum treasury plan — reinforcing the bullish narrative. A break below $3,860 would weaken this outlook in the short term. Featured image from Dall-E, chart from TradingView

8 Aug 2025, 11:48

Who's the mysterious institution quietly building a 171K Ethereum reserve?

Ethereum reserves are turning into a hot commodity as more companies set out plans to buy ETH. However, in the past week, a mysterious entity has built a potential treasury of over 171K ETH. The anonymous entity is buying up ETH from multiple sources, building a reserve of 171,015 ETH. On-chain data shows that Ethereum tokens were sent to six newly created wallets, funded by other large-scale trading wallets. The funds flowed in multiple transactions, tapping BitGo, FalconX, and Galaxy Digital, suggesting institutional buying. Other anonymous whales often use Binance for large transactions. This mysterious institution created a new wallet again, and received 10,396 $ETH ($40.6M) from #FalconX in the past 2 hours. Over the past 4 days, they have created 6 wallets and accumulated 171,015 $ETH ($667M) from #FalconX , #GalaxyDigital , and #BitGo . https://t.co/uYO6QGhRho pic.twitter.com/FEC4ilwzVo — Lookonchain (@lookonchain) August 8, 2025 The additional accumulation arrived as Ethereum is attempting yet another breakout. The token broke above the $3,900 level, once again setting expectations for a hike to $4,000 and new all-time highs. ETH has recovered from its image as an inactive chain, instead showing the network is key infrastructure for both native activities and inflows from institutional finance. The size of the current Ethereum reserves puts the entity among the top 5 entities with strategic ETH reserves , surpassing Coinbase and other earlier holders. The connected wallets are not yet linked to any specific treasury company or high-profile buyer. The recent inflows track high-profile purchases by SharpLink Gaming and the Ethereum Machine, as previously reported by Cryptopolitan. Whales actively move ETH for DeFi, reserve purposes Whales are highly active on the ETH spot market, with both trading and accumulation for staking. Recently, a whale panic-sold as Ethereum had a short-term setback, later returning to buy at $3,828. Overall, ETH is still relatively distributed, with the top 10 whales holding around 12.33M ETH, under 10% of the total supply. In comparison, BlackRock and Strategy already hold over 6% of the BTC supply, with even more locked in top institutional and corporate wallets. Ethereum also accumulates by necessity, even when held by retailers or early investors. After a period of usage as a utility coin, ETH is more widely used for staking and liquid staking currently. The inflow of ETH into accumulation addresses continues at a historically high pace, with growing demand for DeFi or a reserve for bigger future rallies. SharpLink Gaming buys more ETH SharpLink gaming also added to the ETH treasury rush. In the past day, the company acquired an additional 21,959 ETH, for a total of 543,898 ETH. SharpLink remains the second-largest corporate ETH holder, as BitMine has already expanded its treasury to 833.1K ETH. Following the recent purchase, SBET shares recovered near a one-week high of $23.56. Exact treasuries and wallets may be hard to track, as almost all entities move their funds into liquid staking. Even when staked on the Beacon Chain, the stakes will be split into several tranches of 2,048 ETH. Some large-scale ETH holders also choose third-party liquid staking entities that also work as validators. After an initial peak of requests to unstake ETH, validators are now returning to the usual balance. Close to 30% of the ETH supply is locked in staking, with additional tokens wrapped in multiple protocols. The increased demand from multiple buyer profiles continues to boost short-term ETH scarcity. In total, strategic ETH reserves are now above 3M ETH, catching up with near-vertical growth. ETFs still carry around 5.3M ETH, though with a slower pace in the past month. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

8 Aug 2025, 11:20

Cryptopolitan Report: Crypto regulation isn't a mess anymore but it’s still a maze

A fresh Global Regulatory report from Cryptopolitan unveils that crypto oversight saw a growth in 2025. What was once a messy patchwork of pilot programs and ad hoc enforcement is slowly taking on a more structured shape. However, a unified global framework still feels out of reach. The Cryptopolitan report draws on real-time developments from over 20 jurisdictions and highlights how digital asset policy is increasingly being shaped by cross-border enforcement and institutional momentum. It involves institutional adoption and global key legal precedents. However, regulations picked up pace after Donald Trump’s bid to go all in on crypto. Countries are drawing clearer lines like who’s in, who’s out, and under what terms. The result is a global map split into three broad zones, ie, supportive, restrictive, and undecided, yet crypto companies are adjusting fast. The numbers tell part of the story, as only 40 out of 138 jurisdictions meet the FATF’s standards as of April. It is up slightly from last year but still miles from global alignment. Enforcement is ramping up fast, but still, illicit crypto flows topped $51 billion in 2024. The ByBit breach in February, reportedly tied to North Korea, clocked in at $1.5 billion, which is reportedly the biggest crypto heist to date. But regulation isn’t just about crackdowns, it’s also about unlocking new momentum. In Europe, MiCA went live , and EU crypto volumes jumped 70% in Q1. Licensing has been a choke point where around 45% of applications didn’t make the cut, but the framework is working. Elsewhere, investors are following the friendliest rules. The UAE’s MGX fund poured $2 billion into Binance this year, and global crypto VC hit $4.8 billion in Q1, the best it’s been since 2022. Timeline of key 2025 crypto regulatory events. Source: Cryptopolitan. Institutions are leaning in. The Cryptopolitan report mentions a survey showing that 83% of firms plan to grow their crypto exposure this year. While 76% are eyeing tokenized assets by 2026. The rise of central bank digital currencies (CBDCs) continues. 18 of the 20 G20 countries are now actively piloting CBDCs. This positions state-backed tokens to operate alongside regulated stablecoins in a dual monetary model that supports programmable finance. In the meantime, crypto companies are adapting rather than waiting for global alignment. They’re building modular legal structures like custody in one country, trading in another, and protocol development somewhere else. It’s a workaround, but it’s also becoming the default in the industry. This legal fragmentation is now shaping how the market grows, where it sets up shop, and how capital flows are built. Can this be crypto’s trial-and-error era? Countries that maintain the right mix of fast-moving rules, clear licensing, and some openness to cross-border deals are becoming magnets for capital, infrastructure, and talent. For instance, the US seems to be leading the race yet it remains scattered over crypto rules. Major bills are stalled in Congress. Before the cool down, watchdogs like the SEC and CFTC relied on enforcement. The commission’s legal wins against Ripple (partial), Coinbase, and Kraken have driven several firms offshore. This includes Gemini and Bitstamp. Amid all the regulatory hurdles, big questions loom: Can DeFi survive tighter enforcement? Or will CBDCs squeeze out open networks? How will DAOs get treated under tax and securities law? And more. Investors and key market players have shown their willingness to enter the market if the regulations are clear. Bitcoin hitting a fresh all-time high above $123k and the cumulative crypto market cap knocking $4 trillion, turns out to be a prime example of that. This sums up that crypto regulation in 2025 is no longer a patchwork of trial-and-error policies. As global coordination improves and regulatory sandboxes mature, we are likely to see dual systems emerge. One can be anchored in central bank digital currencies, and another powered by compliant, tokenized ecosystems. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

8 Aug 2025, 11:15

Market Rallies as Trump Opens 401(k) Floodgates: Crypto Daybook Americas

By Francisco Rodrigues (All times ET unless indicated otherwise) Crypto markets rallied in the past 24 hours, with the CoinDesk 20 (CD20) index rising 5.3% as fresh U.S. policy signals and regulatory clarity supported risk appetite across the sector. Bitcoin (BTC) gained a relatively muted 1.3% to $116,500. The rally took off after President Donald Trump signed an executive order opening 401(k) retirement plans to a broader range of investments, including cryptocurrencies . The order directs the Department of Labor and Securities and Exchange Commission to publish new guidance for retirement accounts. “This move effectively opens access to bitcoin and other cryptocurrencies for retirement investors, unlocking a staggering $8.7 trillion in assets under management.,” James Butterfill, head of research at CoinShares, said in an emailed statement. Jake Ostrovskis, OTC trader at Wintermute, told CoinDesk that the impact of the move could not be understated. “Just a 2% allocation to Bitcoin and Ethereum would represent 1.5x the total cumulative ETF inflows to date, while a 3% allocation would more than double the entire market,” Ostrovskis said. “Critically, these would be largely price-insensitive buyers focused on meeting allocation benchmarks rather than tactical trading.“ In practice, that means 401(k) funds would create “sustained, predictable demand flows that could provide a structural bid for digital assets regardless of short-term price volatility,” Ostrovskis added. While crypto has never been formally banned from the retirement investments, previous guidance strongly discouraged fiduciaries from offering it. Meanwhile, the Ethereum blockchain hit a new record for average daily transactions this week, according to data from Dune Analytics . The increase was underpinned by the SEC's clarification earlier this week that certain liquid staking models don’t constitute securities under the 1933 Securities Act, making it safer for institutions to offer staking services. Ether's (ETH) price surged 4.6% over the past 24 hours to near $3,900. While fireworks were going off in the crypto sector, TradFi was more subdued. The S&P 500 dropped in Thursday’s session, and the Nasdaq closed 0.35% higher, furthering the concentration of megacaps in the indexes. The 10 largest stocks now account for 76% of the entire stock market capitalization, data shared by Barchart shows. Gold rose on tariffs being imposed on some bullion bars. Looking ahead, investors are bracing for July’s inflation report, due next week, which may influence the odds of a dovish Fed interest-rate cut in September. Stay alert! What to Watch Crypto Aug. 15: Record date for the next FTX distribution to holders of allowed Class 5 Customer Entitlement, Class 6 General Unsecured and Convenience Claims who meet pre-distribution requirements. Aug. 18: Coinbase Derivatives will launch nano SOL and nano XRP U.S. perpetual-style futures. Macro Aug. 8: Federal Reserve Governor Adriana D. Kugler's resignation becomes effective, creating an early vacancy on the Board of Governors that allows President Trump to nominate a successor. Aug 8: President Trump’s deadline for Russia to commit to a ceasefire and peace deal in Ukraine, with intensified U.S. sanctions and secondary tariffs on countries purchasing Russian energy if the deadline is not met. Aug. 8: U.S. President Donald Trump hosts Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev at the White House to sign a peace agreement . The U.S. will also sign bilateral economic agreements to promote trade and regional stability. Aug. 8, 7 p.m.: Colombia’s National Administrative Department of Statistics releases July consumer price inflation data.. Inflation Rate MoM Est. 0.19% vs. Prev. 0.1% Inflation Rate YoY Est. 4.81% vs. Prev. 4.82% Aug. 12, 8 a.m.: The Brazilian Institute of Geography and Statistics (IBGE) releases July consumer price inflation data. Inflation Rate MoM Prev. 0.24% Inflation Rate YoY Prev. 5.35% Aug. 12, 8:30 a.m.: The U.S. Bureau of Labor Statistics (BLS) releases July consumer price inflation data. Core Inflation Rate MoM Est. 0.3% vs. Prev. 0.2% Core Inflation Rate YoY Est. 3% vs. Prev. 2.9% Inflation Rate MoM Est. 0.2% vs. Prev. 0.3% Inflation Rate YoY Est. 2.8% vs. Prev. 2.7% Earnings (Estimates based on FactSet data) Aug. 8: TeraWulf ( WULF ), pre-market, -$0.06 Aug. 11: Exodus Movement ( EXOD ), post-market, $0.12 Aug. 12: Bitfarms ( BITF ), pre-market, -$0.02 Aug. 12: Fold Holdings ( FLD ), post-market, N/A Aug. 15: BitFuFu ( FUFU ), pre-market, $0.07 Token Events Governance votes & calls BendDAO is voting on a plan to stabilize BEND by burning 50% of treasury tokens, restarting lender rewards, and launching monthly buybacks using 20% of protocol revenue. Voting ends Aug. 10. 1inch DAO is voting on a $1.88 million grant to fund its participation in nine global crypto events through late 2025. The proposal aims to boost developer engagement, grow institutional ties and expand adoption across ecosystems like Ethereum and Solana. Voting ends Aug. 10. Aug. 8, 11:30 a.m.: Axie Infinity to host a town hall on Discord. Unlocks Aug. 9: Immutable (IMX) to unlock 1.3% of its circulating supply worth $12.66 million. Aug. 12: Aptos (APT) to unlock 1.73% of its circulating supply worth $52.59 million. Aug. 15: Avalanche (AVAX) to unlock 0.39% of its circulating supply worth $39.25 million. Aug. 15: Starknet (STRK) to unlock 3.53% of its circulating supply worth $16.19 million. Aug. 15: Sei (SEI) to unlock 0.96% of its circulating supply worth $17.21 million Aug. 16: Arbitrum (ARB) to unlock 1.8% of its circulating supply worth $39.21 million. Aug. 18: Fasttoken (FTN) to unlock 4.64% of its circulating supply worth $91.6 million. Token Launches Aug. 8: Pudgy Penguins (PENGU) to be listed on Arkham Exchange. Conferences The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB10 for 10% off your registration through Aug. 31. Day 3 of 5: Rare EVO (Las Vegas) Day 2 of 2: bitcoin++ (Riga, Latvia) Aug. 9-10: Baltic Honeybadger 2025 (Riga, Latvia) Aug. 9-10: Conviction 2025 (Ho Chi Minh City, Vietnam) Aug. 11: Paraguay Blockchain Summit 2025 (Asuncion) Aug. 11-13: AIBB 2025 (Istanbul) Aug. 11-17: Ethereum NYC (New York) Aug. 13-14: CryptoWinter ‘25 (Queenstown, New Zealand) Token Talk By Shaurya Malwa Ethereum’s seven-day average daily transactions hit a record 1.74 million as staked ETH levels climbed to an all-time high. Over 36 million ETH, nearly 30% of total supply, is now locked in staking contracts, according to Dune Analytics. The increase followed the SEC’s clarification that certain liquid staking activities and staking receipt tokens aren’t securities under the 1933 Act if they meet strict assumptions. The ruling reduced legal overhang, opening the door for greater institutional participation. The trend is also backed by yield-seeking holders and growing treasury allocations from publicly listed firms, tightening liquid supply. Public companies now control $11.77 billion in ETH, led by BitMine Immersion Technologies ($3.2 billion), SharpLink Gaming ($2 billion), and The Ether Machine ($1.3 billion). Vitalik Buterin said treasuries are “good and valuable” for Ethereum but warned that excessive leverage could spark cascading liquidations. ETH has rallied 163% from April lows with more than 500,000 ETH ($1.8 billion) staked in the first half of June alone — a pace CryptoQuant’s Onchainschool said reflects “rising confidence and a continued drop in liquid supply.” Derivatives Positioning Total BTC futures open interest sits at $80.65 billion, flat on the day after a mild pullback earlier this week. CME remains dominant with a 20% share, underscoring steady institutional exposure. Binance and OKX flows were mixed, with OKX OI up 3.95% in the past 24 hours despite heavier intraday swings. ETH liquidations led the market over the past 24 hours at $188.7 million, dwarfing BTC’s $52.6 million and XRP’s $29 million. The largest liquidation was a $34.28 million ETH-USDT long position on HTX, reflecting concentrated leverage in ETH perps ahead of price swings. Liquidation data skews heavily to the short side, with $319 million in shorts wiped versus $91 million in longs, suggesting that the recent upside caught positioning off guard and may have forced momentum-driven covering across majors. BTC open interest distribution shows CME’s basis holding firm at 2.61%, suggesting sustained carry demand from TradFi desks, while Binance’s basis is muted at 0.61%, indicating less aggressive directional leverage from offshore traders. ETH funding rates remain elevated at or near exchange-imposed caps, signaling persistent long bias despite the heavy wipeout of shorts. This combination — high funding plus fresh OI — suggests traders are rotating back into directional plays rather than fully deleveraging. Market Movements BTC is down 0.43% from 4 p.m. ET Thursday at $116,701.75 (24hrs: +0.22%) ETH is up 0.68% at $3,900.02 (24hrs: +2.08%) CoinDesk 20 is up 2.2% at 4,046.33 (24hrs: +3.94%) Ether CESR Composite Staking Rate is unchanged at 2.9% BTC funding rate is at 0.004% (4.4052% annualized) on Binance DXY is down 0.16% at 98.24 Gold futures are up 1.12% at $3,492.50 Silver futures are up 0.80% at $38.60 Nikkei 225 closed up 1.85% at 41,820.48 Hang Seng closed down 0.89% at 24,858.82 FTSE is unchanged at 9,095.08 Euro Stoxx 50 is up 0.13% at 5,339.07 DJIA closed on Thursday down 0.51% at 43,968.64 S&P 500 closed unchanged at 6,340.00 Nasdaq Composite closed up 0.35% at 21,242.70 S&P/TSX Composite closed down 0.57% at 27,761.27 S&P 40 Latin America closed up 2.03% at 2,666.61 U.S. 10-Year Treasury rate is up 0.6 bps at 4.25% E-mini S&P 500 futures are up 0.26% at 6,383.25 E-mini Nasdaq-100 futures are up 0.28% at 23,562.75 E-mini Dow Jones Industrial Average Index are up 0.17% at 44,155.00 Bitcoin Stats BTC Dominance: 60.82% (-0.31%) Ether to bitcoin ratio: 0.03343 (0.42%) Hashrate (seven-day moving average): 966 EH/s Hashprice (spot): $57.95 Total Fees: 5.2 BTC / $602,389 CME Futures Open Interest: 137,710 BTC BTC priced in gold: 34.4 oz BTC vs gold market cap: 9.73% Technical Analysis The ETH/SOL ratio is testing a key weekly resistance (~22.4); a confirmed breakout could trigger strong continuation with ether rising toward the 34-36 SOL range. RSI shows strong momentum (70+) with no bearish divergence, supporting the breakout potential. Unless rejected, the setup favors ETH outperformance vs. SOL on confirmation. Crypto Equities Strategy (MSTR): closed on Thursday at $402.01 (+4.85%), -0.25% at $401 in pre-market Coinbase Global (COIN): closed at $310.79 (+2.38%), +0.86% at $313.45 Circle (CRCL): closed at $152.93 (-5.43%), +1.12% at $154.64 Galaxy Digital (GLXY): closed at $28.09 (+2.74%), +1.35% at $28.47 MARA Holdings (MARA): closed at $15.95 (+0.38%), -0.13% at $15.93 Riot Platforms (RIOT): closed at $11.58 (-0.69%), +0.35% at $11.62 Core Scientific (CORZ): closed at $14.35 (+1.7%), +0.84% at $14.47 CleanSpark (CLSK): closed at $10.72 (-2.55%), unchanged in pre-market CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $25.37 (-1.4%) Semler Scientific (SMLR): closed at $37.54 (+5.27%), unchanged in pre-market Exodus Movement (EXOD): closed at $31.34 (+6.74%) SharpLink Gaming (SBET): closed at $23.36 (+5.51%), +2.57% at $23.96 ETF Flows Spot BTC ETFs Daily net flows: $277.4 million Cumulative net flows: $54 billion Total BTC holdings ~1.29 million Spot ETH ETFs Daily net flows: $222.3 million Cumulative net flows: $9.37 billion Total ETH holdings ~5.6 million Source: Farside Investors Overnight Flows Chart of the Day The memecoin sector's outperformance of the wider cryptocurrency market was short-lived, showing that while its heightened volatility could present opportunities, market timing is critical. Meanwhile, layer-2 tokens have outperformed in the past month, as Velo data shows. The worst-performing sector throughout the period were gaming-related tokens, which consistently underperformed. While You Were Sleeping Ethereum Transactions Hit Record High as Staking, SEC Clarity Fuel ETH Rally (CoinDesk): The SEC’s softer stance on liquid staking is spurring institutional ETH accumulation, with nearly 30% of supply now locked in staking contracts and corporate treasuries holding more than $11 billion worth of ether. Crypto’s $25 Billion Spree Sparks Unease Even Among Insiders (Bloomberg): Several fund managers warned that if altcoin-focused treasury firms’ valuations fall below their crypto holdings’ value, forced selling could follow, deepening losses and potentially ending the current crypto bull cycle. XRP Surges 12% as Traders Bet on Big Price Swings with 'Straddle' Strategy (CoinDesk): Traders are placing large Deribit long straddles — buying calls and puts with identical strikes and expiries, risking only the premiums paid for potentially unlimited upside or sizable gains if prices plunge. Binance Teams Up With BBVA to Let Customers Keep Assets Off Exchange (Financial Times): After a massive U.S. fine, Binance is giving traders the option of storing collateral in U.S. Treasuries at BBVA, highlighting traditional banks’ deeper push into crypto markets. Israeli Security Cabinet Approves Gaza Control Plan (The Wall Street Journal): Prime Minister Benjamin Netanyahu’s proposal — seizing all of Gaza, then handing it to Arab coalition forces for day-to-day governance while keeping an Israeli-controlled perimeter — is drawing broad domestic and global pushback. Trump Tariffs on Russia’s Oil Buyers Bring Economic, Political Risks (Reuters): The U.S. president’s secondary tariffs, starting with India, could risk raising fuel prices, straining relations with China and India and hurting Republicans’ midterm election prospects with potentially no gain. In the Ether