EigenLayer has launched a new feature that lets developers run Actively Validated Services on networks beyond Ethereum, beginning with Base. The announcement was made on July 24 through the company’s EigenCloud X account. Up until now, AVSs were limited to Ethereum’s (ETH) mainnet, where growth was slowed down by high fees and slow speeds. AVSs…
BlackRock’s iShares Ethereum Trust has reached $10 billion in assets under management, just one year after its launch. Summary BlackRock’s iShares Ethereum ETF has surpassed $10 billion in assets just over a year after going live. It’s the third-fastest ETF in U.S. history to reach the milestone, trailing only two Bitcoin ETFs. ETH inflows have…
BitMine accumulated $2 billion in ETH, flipping the script on SharpLink’s recent dominance, signaling an intensifying battle for Ethereum’s liquid supply. Summary BitMine has amassed 566,776 ETH worth over $2 billion, surpassing SharpLink as the top public holder of Ethereum. The rapid accumulation highlights a growing corporate race to control ETH supply and potentially influence…
A judge denies two brothers’ plea to dismiss crypto fraud charges after allegedly stealing $25 million from the Ethereum blockchain using an MEV bot. Why was their bid dismissed? Summary MIT-educated brothers Anton and James Peraire-Bueno face crypto fraud charges for allegedly stealing $25 million from ETH traders. Anton and James Peraire-Bueno manipulated MEV bots…
Aave has reserves of Ethereum, and they’re thinning fast. The culprit, according to Marc Zeller, a contributor on Aave, is Justin Sun. Why? Unpredictable outflows are straining the protocol’s stability with little regard for the broader impact—and there’s little anyone can do to stop it. Summary Aave saw over $1.7 billion in ETH withdrawals this…
World Liberty Financial, the DeFi venture backed by Donald Trump, appears to be quietly accumulating its Ethereum stash as prices surge. Summary WLFI, backed by Donald Trump, bought over 10,000 ETH worth in the past six days. The firm’s total ETH holdings are now estimated at more than 80,000 ETH. Eric Trump is seizing on…
Ethereum has been on a tear lately, clawing its way back after several months of sluggish performance. The rally has flipped industry chatter from ‘when ETH surge?’ to ‘how long can this rally last?’ and Bitwise CIO Matt Hougan is weighing in on what the future holds. Summary ETH is up over 50% in the…
Ethereum’s recent price rally appears to be losing momentum just as Spot Ethereum exchange-traded funds record strong inflows. Spot Ethereum ETFs registered a $533.87 million net inflow on July 22, the third-largest single-day inflow since their launch, according to SoSoValue data. With cumulative inflows now totaling $8.32 billion, institutional demand for Ethereum (ETH) ETFs is…
BitMine has secured a major capital infusion from ARK Invest, which has acquired $182 million worth of BitMine equity across multiple ARK funds. According to a July 22 statement, the deal involved 4.77 million shares purchased via a block trade linked to BitMine’s ongoing at-the-market program. The company stated it plans to deploy 100% of…
While most firms treat NFTs as marketing gimmicks, GameSquare is flipping the script, deploying them as financial instruments. Its new $10 million yield program transforms Ethereum-based digital assets into revenue generators, marking a risky but innovative leap in corporate crypto strategy. On July 21, GameSquare announced the expansion of its crypto treasury program to $250…
