US Bitcoin ETFs recorded US$2.2 billion in net inflows last week after strong performance from Fidelity and BlackRock, reversing previous negative flows. The combined US funds now hold 1.31 million BTC worth US$152.7 billion, representing 6.24% of total Bitcoin supply and highlighting ETFs’ growing importance. Ethereum ETFs attracted US$734.3 millionContinue Reading
The Ethereum Foundation has rebranded its “Privacy & Scaling Explorations” program to “Privacy Stewards of Ethereum” (PSE) and released a new roadmap to embed end-to-end privacy into the Ethereum ecosystem. The roadmap is organised around three key areas: private writes, private reads, and private proving. The Foundation’s vision is toContinue Reading
BitMine Immersion Technologies has expanded its Ether reserves with a US$200 million purchase, bringing its total Ether holdings to over 2.1 million ETH, valued at US$9.2 billion. The company, which is the largest public holder of Ether, now controls more than 2.1 million ETH, widening its lead over its closestContinue Reading
Ethereum’s August revenue was US$39.2 million, a 30% drop from July and a 75% drop from the previous year, making it one of the network’s weakest months since 2021. The decline in revenue can be traced back to the Dencun upgrade in March 2024, which significantly reduced fees for Layer-2Continue Reading
Kinto, a Layer-2 protocol on Ethereum, is shutting down on September 30 after a July 10 exploit that drained US$1.55 million in ETH and caused its native token to lose 95% of its value. The protocol’s founder, Ramón Recuero, has announced a controlled shutdown and a limited restitution plan, whichContinue Reading
ETHZilla allocates US$100M (AU$153.5M) into EtherFi to generate incremental yield and reinforce Ethereum security. Liquid restaking platform EtherFi tops the market, with sector-wide assets exceeding US$30B (AU$46.0B). Treasury growth is supported by a robust balance sheet and a US$425M (AU$652.4M) fundraising round. ETHZilla Corporation, the Nasdaq-listed Ethereum digital asset treasuryContinue Reading
Joseph Lubin, co-founder of Ethereum, is predicting that Wall Street financial firms will begin operating directly on Ethereum’s infrastructure, running validators and launching their own Layer-2 and Layer-3 blockchains. Lubin’s optimistic outlook is supported by a significant increase in institutional adoption this year, with companies like Bitmine Immersion and SharpLinkContinue Reading
VanEck CEO, Jan van Eck, has told Fox News that ETH is the “Wall Street token” and that it underpins emerging stablecoin-based payments rails. Every financial institution will need either Ethereum or EVM-compatible blockchain tech in the next 12 months to not miss out on the benefits of this stablecoinContinue Reading
The price of BTC has slumped to its lowest levels since early July driven by profit taking and economic and political uncertainty weakening investor appetite for risk. Fading expectations of a September rate cut plus Trump’s moves to fire Fed Governor Lisa Cook have contributed to weakened market sentiment, whileContinue Reading
Prediction markets are considered ineffective for hedging because they lack interest-bearing features. Polymarket’s July trading volume dropped to US$1.06B (AU$1.63B). Automated traders exploited inefficiencies and earned over US$40M (AU$61.7M) in profits. Ethereum co-founder Vitalik Buterin has said that most prediction markets are not suitable for hedging because they do notContinue Reading