Ethereum (ETH) — Onchain News & Whale Tracking

Bitcoin ETFs See $141M Outflow, Ethereum ETFs Lose $27M as Weekly Inflows Remain Positive

August 11 Update: #Bitcoin ETFs: 1D NetFlow: -2,209 $BTC(-$141.23M)?? 7D NetFlow: +8,545 $BTC(+$546.45M)?? #Ethereum ETFs: 1D NetFlow: -14,499 $ETH(-$27.22M)?? 7D NetFlow: +110,579 $ETH(+$207.62M)??

The Central Bank of Russia has proposed allowing Bitcoin, Ethereum, and USDT to be traded on regulated trading platforms.

The Bank of Russia has drawn up a list of crypto assets that, under newly approved rules last week, will be allowed to trade publicly on trading platforms. The central bank announced Tuesday that the list includes Bitcoin, Ethereum, and USDT. It noted that these assets meet relevant access criteria, including market capitalization, average daily trading volume, and at least five years of price history in overseas markets. The proposal follows a new law signed by Russian President Vladimir Putin on August 4, which grants the Bank of Russia the authority to determine which digital currencies can access organized trading markets and to set relevant trading rules.

Yesterday, Bitcoin ETFs recorded a net outflow of $144.6 million, while Ethereum ETFs saw a net outflow of $14.6 million.

According to Farside Investors' monitoring, U.S. spot Bitcoin ETFs recorded a net outflow of $144.6 million yesterday. Breakdown: IBIT saw a net outflow of $53.6 million, FBTC $40.3 million, BITB $28.4 million, GBTC $52 million, while Grayscale Bitcoin posted a net inflow of $37.1 million. Ethereum ETFs had a net outflow of $14.6 million yesterday, with ETHA logging a net outflow of $23.8 million.

Ethereum's staked ETH reaches an all-time high, with over 41.7 million ETH making up one-third of its total circulating supply.

Data shows that the amount of Ethereum (ETH) staked has hit an all-time high, with around 41.7 million ETH currently locked in staking, accounting for roughly one-third of Ethereum’s total supply. Meanwhile, ETH’s price has been weak, falling from about $3,400 in January this year to around $1,900, yet its staking scale keeps expanding. Market analysis points out that as Ethereum’s staked volume grows, the staking reward mechanism continues to generate returns: validators keep earning rewards and reinvest a portion of these proceeds into staking, further boosting the size of staked ETH. The rising staking ratio of ETH signals that long-term holders and institutions’ confidence in Ethereum’s network security and future ecosystem development is growing, though the large amount of ETH locked in staking may also affect market liquidity.

Bitcoin ETFs see $111.94M inflow, Ethereum ETFs add $56.78M as weekly flows surge

August 10 Update: #Bitcoin ETFs: 1D NetFlow: +1,731 $BTC(+$111.94M)?? 7D NetFlow: +12,354 $BTC(+$798.68M)?? #Ethereum ETFs: 1D NetFlow: +29,914 $ETH(+$56.78M)?? 7D NetFlow: +118,521 $ETH(+$224.97M)??

Ethereum Foundation’s donation wallet transferred out 566.27 ETH, worth approximately $1.09 million.

According to monitoring by Onchain Lens, the Ethereum Foundation transferred 566.27 ETH from its Grants wallet to an untagged address, worth roughly $1.09 million. Separately, an address linked to the Ethereum Foundation moved 2.62 ETH (valued at ~$5,000) to another address—one that had previously sent funds to South Korean crypto exchange Upbit. Blockchain data shows the transfer originated from the Ethereum Foundation’s Grants wallet (0x9eE...313D). The identity of the anonymous address receiving the $1.09 million in ETH has not been confirmed, and the foundation has not publicly disclosed the funds’ purpose. The crypto community speculates the transfer may be tied to ecosystem grants, developer support, or other foundation activities, though the exact use remains unconfirmed.

Elliott Alexander, a member of the Ethereum Foundation, has joined BitPay after being laid off.

Former member of the Ethereum Foundation’s Developer Growth Team, Elliott Alexander, announced in a post that he was recently laid off by the Ethereum Foundation and has now joined crypto payment firm BitPay.

Ethereum ICO Whale Transfers MKR Held for Over 7 Years, Unrealized Profit Reaches $1.506 Million

On-chain analyst Ai Yi (@ai_9684xtpa) has monitored that an ancient whale which obtained 40,000 ETH during the 2015 ICO has transferred MKR after a seven-year hiatus. The whale withdrew 7,020.84 MKR at an average price of $828.92 between September 2018 and May 2019, valued at $5.81 million at the time. After holding the tokens for over seven years, it moved 3,510.42 MKR (worth approximately $4.41 million) to a new address four hours ago—this marks the first time the whale has transferred any MKR in that period. The position has an unrealized profit of $1.506 million, with no further transfers or sales reported as of yet.

An #Ethereum ICO participant "0x6A53" just deposited 0.1 $ETH to #Coinbase after 11 years of dormancy. He invested on...

An #Ethereum ICO participant "0x6A53" just deposited 0.1 $ETH to #Coinbase after 11 years of dormancy. He invested only $620 in the ICO and received 2,000 $ETH — now worth $3.83M, a 6,184x return!

An Ethereum ICO participant makes a test transfer to Coinbase after 11 years of dormancy.

Ethereum ICO participant '0x6A53' has deposited 0.1 ETH into Coinbase after 11 years of inactivity. Back during the original Ethereum ICO, he invested just $620 to acquire 2,000 ETH, which are now valued at $3.83 million, delivering an astounding 6,184x return on investment.

August 7 Update: #Bitcoin ETFs: 1D NetFlow: +1,673 $BTC(+$109.16M)🟢 7D NetFlow: +7,306 $BTC(+$476.7M)🟢 #Ethereum ET...

August 7 Update: #Bitcoin ETFs: 1D NetFlow: +1,673 $BTC(+$109.16M)?? 7D NetFlow: +7,306 $BTC(+$476.7M)?? #Ethereum ETFs: 1D NetFlow: +42,756 $ETH(+$82.52M)?? 7D NetFlow: +85,091 $ETH(+$164.22M)??

SharpLink co-founder opposes Ethereum's EIP-8361 proposal, stating that it weakens DeFi and is ill-timed.

SharpLink co-founder Joseph Chalom has published a statement opposing Ethereum’s EIP-8361 proposal, dubbed “Tapered Issuance Burn”. He notes that the proposal would drastically reduce network staking rewards: as Ethereum’s staking ratio rises, validator rewards would be gradually burned, falling to zero when staked ETH reaches roughly half of the total supply. At that point, validators would only be able to operate on transaction tips, which currently make up around 15% of total rewards. Chalom warns this would weaken the DeFi ecosystem, erode ETH’s native yield advantage over Bitcoin, raise on-chain capital costs, and push some small and medium-sized staking operators out of the market. Chalom argues the proposal is particularly ill-timed, as Ethereum is currently seeing massive institutional adoption: examples include Robinhood building a new chain on Ethereum’s layer 2 network, BlackRock tokenizing its money market fund shares on-chain, and BNY Mellon integrating staking services into its custody platform via a partnership with Galaxy Digital. He states that SharpLink agrees ETH should become more scarce over time, but advocates achieving this goal through the existing base fee burn mechanism, rather than making fundamental changes to the protocol’s economic foundation at this stage. EIP-8361 calls for gradually increasing the burn rate of validator rewards as Ethereum’s staking ratio rises, bringing net issuance rewards on the consensus layer to zero when roughly 50% of ETH supply is staked, in order to eliminate incentives for further staking.

Bitcoin (BTC) and Ethereum (ETH) options with a total notional value exceeding $2.4 billion expire and settle today.

Greeks.live macro researcher Adam released today’s options expiration data, showing: 32,000 BTC options expired, with a put-call ratio (PCR) of 0.26, max pain at $64,000, and a notional value of $2.06 billion. 177,000 ETH options expired, with a PCR of 0.77, max pain at $1,900, and a notional value of $340 million. Bitcoin has remained hovering around $64,000 this week, fluctuating for over two months. The price zone above $65,000 is a dense trading area from this year’s rally. Currently, global market focus is not on cryptocurrencies, so speculative funds will not flow in, and Bitcoin may choose to move downward. Key options data shows that 9% of this week’s options expired, a notable proportion, with most being out-of-the-money call positions, leading to relatively dispersed gamma exposure (GEX), while put positions are very few, and GEX is relatively concentrated on the downside. Bitcoin’s PCR has stayed at the low level of 0.26, indicating extremely low put option positions.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $137.6 million, while U.S. spot Ethereum ETFs registered a net inflow of $92.1 million.

Yesterday, the total net inflow of Bitcoin spot ETFs stood at $137.6 million. Breakdown: BlackRock’s IBIT saw a net inflow of $128.3 million, MSBT posted a net inflow of $14.9 million, FBTC recorded a net inflow of $11.2 million; HODL reported a net outflow of $32.8 million, while GBTC notched a net inflow of $7.5 million. Ethereum spot ETFs posted a total net inflow of $92.1 million yesterday. Of this, BlackRock’s ETHA had a net inflow of $81.1 million, followed by net inflows of $4.5 million for ETH, $3.1 million for ETHE, and $1.4 million for FETH, with the remaining products seeing roughly flat fund flows.

Ethereum OG whale 0x7378 spends $9.1M buying 3.91M $LIT over 2 months

Ethereum OG whale 0x7378 keeps buying $LIT. Over the past 2 months, the whale has spent a total of $9.1M to buy 3.91M $LIT at an average price of $2.33.

The crypto market trades sideways, with total market capitalization down 0.3% over the past 24 hours, as Ethereum drops below $1,900.

According to HTX market data, the crypto market is in sideways consolidation. Ethereum has fallen below $1,900, while Bitcoin remains trading above $64,000. The total cryptocurrency market capitalization stands at $2.285 trillion, down 0.3% in 24 hours. Some altcoins have rallied sharply: HFT surged over 70% and Binance is set to delist it; ACE rose more than 50%; BICO gained over 40%; COOKIE increased by over 30%.

Bitcoin ETFs net +3,781 $BTC in 1D, Ethereum ETFs net +27,749 $ETH in 1D

August 6 Update: #Bitcoin ETFs: 1D NetFlow: +3,781 $BTC(+$243.49M)?? 7D NetFlow: +9,034 $BTC(+$581.79M)?? #Ethereum ETFs: 1D NetFlow: +27,749 $ETH(+$52.91M)?? 7D NetFlow: +40,578 $ETH(+$77.37M)??

Perspective: Ethereum has formed an MVRV momentum golden cross; 6-year historical data shows the prior four occurrences of this signal led to price increases ranging from 50% to 166%.

According to crypto analyst alicharts, based on Ethereum’s nearly six years of historical price trends, ETH typically finds support when it rebounds to the MVRV 0.8 level, then advances toward its realized price (approximately $2,300). Furthermore, this signal aligns with the four prior MVRV momentum golden crosses, each of which delivered gains ranging from 50% to 166%. Alicharts identifies $3,000 as a key resistance zone, given that over 10 million ETH have historical trading records at this level.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $244.4 million, while U.S. spot Ethereum ETFs recorded a net inflow of $60.8 million.

According to Farside data, U.S. spot Bitcoin ETFs saw a total net inflow of $244.4 million yesterday. Among them, BlackRock’s IBIT recorded a net inflow of $196.8 million, ARKB $37.6 million, FBTC $11.3 million, BITB $10.6 million, and MSBT $2.8 million; HODL had a net outflow of $14.7 million, while all other ETFs had zero net flow. U.S. spot Ethereum ETFs posted a total net inflow of $60.8 million. Breakdown shows BlackRock’s ETHA attracted $50.3 million in net inflows, ETHB $4.9 million, FETH $2.9 million, ETHW $1.4 million, and TETH $1.3 million, with all remaining ETFs registering zero net flow.

15 minutes ago, a trader opened a $3.37 million short position in Ethereum (ETH) at a price of $1,895.10.

According to monitoring by @ai_9684xtpa, a short-term trader specializing in ETH short positions opened another 10x short position of 1,780 ETH 15 minutes ago. The position is valued at $3.37 million, with an entry price of $1,895.1. The trader previously had an 81% win rate in short-term trades.

Ethereum Foundation has deposited 2.675 ETH to Kraken, likely a transfer test.

According to Lookonchain’s monitoring, the Ethereum Foundation’s grant wallet deposited 2.675 ETH (valued at approximately $5,070) to Kraken and transferred 578.38 ETH (worth around $1.08 million) to a new Gnosis Safe Proxy wallet 12 hours ago.

Ethereum Foundation moves 2.675 $ETH to Kraken, transfers 578.38 $ETH to new Gnosis Safe wallet

The #EthereumFoundation grant wallet deposited 2.675 $ETH($5.07K) into #Kraken and transferred 578.38 $ETH ($1.08M) to a new Gnosis Safe Proxy wallet 12 hours ago.

Bitcoin ETFs see +3,275 $BTC inflow, Ethereum ETFs +23,222 $ETH in 24 hours

August 5 Update: #Bitcoin ETFs: 1D NetFlow: +3,275 $BTC(+$211.08M)?? 7D NetFlow: +5,565 $BTC(+$358.05M)?? #Ethereum ETFs: 1D NetFlow: +23,222 $ETH(+$43.54M)?? 7D NetFlow: +4,953 $ETH(+$9.27M)??

Ethereum Foundation’s 1TS Program Grants Funding to WEBCAT to Address Verification Gaps Between Ethereum Wallets and Application Frontends.

The Ethereum Foundation’s Trillion Dollar Security initiative has announced a grant to the Freedom of the Press Foundation (FPF) to support the continued development of its open-source tool WEBCAT. WEBCAT enables browsers to verify that code provided by registered websites matches the version released by developers. For Ethereum users, when accessing dApp websites, browsers load and execute the site’s code. If that code is tampered with, wallets could have their receiving addresses swapped or be tricked into signing unintended transactions—and a simple connection alone cannot confirm whether the page has been altered. The Trillion Dollar Security (TDS) initiative has identified front-end attacks as an infrastructure risk and has prioritized verifiable front-ends as its next focus area. Part of FPF’s motivation for building WEBCAT is that its SecureDrop anonymous whistleblowing system will require verifiable browser code in the future; the code integrity risk is identical to the browser front-end risks faced by Ethereum users. The grant will fund the development of a WEBCAT verification library that can be integrated into wallets, letting users gain protection without installing a separate extension. It will also support research into Chrome and Chromium browser compatibility, integration assistance for teams, an independent security audit, and the creation of an ERC standard—so wallet developers have a standardized framework to follow.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $211.5 million, while U.S. spot Ethereum ETFs recorded a net inflow of $53.1 million.

According to Farside's monitoring, U.S. spot Bitcoin ETFs posted a net inflow of $211.5 million yesterday, while spot Ethereum ETFs saw a net inflow of $53.1 million.

A high win-rate swing-trading Ethereum (ETH) whale has once again shorted 14,519.62 ETH, worth approximately $27.21 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a trader specializing in ETH short positions with 10x leverage has earned $600,000 over 10 days, boasting an 80% win rate. Since July 27, address 0xd9a…8bbf3 has completed 20 ETH short trades in total, with roughly half of the positions held for only around one hour. Ten minutes ago, this address opened another short position of 14,519.62 ETH, valued at approximately $27.21 million, at an average entry price of $1,874.2.

Bitcoin ETF inflows +$102.33M contrast with Ethereum ETF outflows -$30.44M

August 4 Update: #Bitcoin ETFs: 1D NetFlow: +1,600 $BTC(+$102.33M)?? 7D NetFlow: +1,241 $BTC(+$79.36M)?? #Ethereum ETFs: 1D NetFlow: -6,558 $ETH(-$12.27M)?? 7D NetFlow: -16,270 $ETH(-$30.44M)??

Ethereum Foundation member proposes EIP-8361, a proposal to reduce ETH’s inflation rate.

Ethereum Foundation member Justin Drake and his team have proposed a new Ethereum Improvement Proposal (EIP) numbered 8361, designed to lower Ethereum’s inflation rate. Under the proposal, if the proportion of staked ETH surpasses 50%, staking yields would be reduced to 0%; based on current staking volumes, this would halve staking rewards to 1%.

Italy's largest bank offloaded its entire holdings of Bitcoin spot ETF and significantly increased its positions in Ethereum spot ETF.

Italy’s largest bank, Intesa Sanpaolo, disclosed in a 13F filing that it cut its holdings of IBIT common shares from 646,809 to 40,723 at the end of the second quarter, a 93.7% drop. The lender also reduced the underlying share count of its IBIT call options from 2,496,500 to 18,000, a 99.3% decline. While trimming its Bitcoin spot ETF positions, Intesa Sanpaolo added IBIT put options and lifted its stake in the iShares Staked Ethereum ETF from 116,200 shares to 349,600, an increase of just over threefold.

BitMine deposited 150,120 ETH into Ethereum staking 2 hours ago, valued at approximately $280 million.

According to on-chain analyst Yu Jin’s monitoring, Ethereum treasury firm BitMine (BMNR) staked around 150,120 ETH approximately two hours ago, worth roughly $280 million. Currently, BitMine holds a total of 5.7978 million ETH, with 5.0673 million staked, making up 87% of its total holdings. At the current annual yield of 2.66%, its staked assets are projected to generate approximately 134,800 ETH annually, valued at around $250 million.

In July, Ethereum ETFs attracted $365 million in net inflows, while the HYPE ETF saw net outflows.

In July’s crypto asset ETF fund flows, Ethereum (ETH) ETFs emerged as the biggest winner, posting a single-month net inflow of $365 million. Data shows Bitcoin (BTC) ETFs saw a net inflow of $172.43 million in July; Solana (SOL) ETFs had a net inflow of $14.62 million; XRP ETFs $27.29 million; Chainlink (LINK) ETFs $4.54 million; HBAR ETFs $3 million; and LTC ETFs $30,400. By contrast, HYPE-related ETFs were the only products to register a net outflow, with a July net outflow of $15.16 million. Overall, institutional capital allocations in July clearly favored the Ethereum ecosystem, as ETH ETFs attracted more funds than BTC ETFs, indicating sustained growing market demand for Ethereum-related assets.

Bitcoin ETFs post $210.32M outflows; Ethereum shows 7D inflows

Aug 3 Update: #Bitcoin ETFs: 1D NetFlow: -3,321 $BTC(-$210.32M)?? 7D NetFlow: -297 $BTC(-$18.8M)?? #Ethereum ETFs: 1D NetFlow: -3,515 $ETH(-$6.52M)?? 7D NetFlow: +1,573 $ETH(+$2.92M)??

Ethereum OG sells 2,250 $ETH ($4.15M) after 3 years inactive, bought 8 years at ~$489

An #Ethereum OG just sold 2,250 $ETH ($4.15M) after 3 years of inactivity. The OG bought the $ETH over 8 years ago at an average price of ~$489.

A trader opens high-leverage long positions worth $43.68 million in Bitcoin (BTC) and Ethereum (ETH)

According to Onchain Lens monitoring, a Hyperliquid trader opened high-leverage long positions over the past hour: a 40x leveraged long of 400.88 BTC (worth approximately $25.16 million) and a 25x leveraged long of 10,000 ETH (worth around $18.51 million), bringing total position value to roughly $43.68 million. The position currently has an unrealized profit of about $193,300, though the trader’s cumulative historical losses still stand at around $1.95 million.

Trader Loracle has heavily shorted Ethereum (ETH) and HYPE, with total short positions exceeding $46 million.

According to monitoring by Hyperinsight, prominent Hyperliquid trader Loracle has been continuously adding to his short positions on HYPE and ETH. Currently, his HYPE short position is valued at $23.5 million with an entry price of $52.73, while his ETH short position stands at $23.4 million at an entry price of $1845.1.

Yesterday, Bitcoin ETFs posted a net outflow of $265.4 million, while Ethereum ETFs recorded a net inflow of $9 million.

According to Farside Investors' monitoring, U.S. spot Bitcoin ETFs saw a net outflow of $265.4 million yesterday. IBIT recorded a net outflow of $122.7 million, while FBTC posted a net outflow of $54.8 million. Meanwhile, Ethereum ETFs reported a net inflow of $9 million, with ETHB alone seeing a net inflow of $15.4 million.

Bitcoin ETF inflows +$212.73M today, Ethereum ETFs see $71.08M weekly outflows

July 31 Update: #Bitcoin ETFs: 1D NetFlow: +3,397 $BTC(+$212.73M)?? 7D NetFlow: -800 $BTC(-$50.09M)?? #Ethereum ETFs: 1D NetFlow: -1,757 $ETH(-$3.27M)?? 7D NetFlow: -38,195 $ETH(-$71.08M)??

Viewpoint: The 43-day waiting period for Ethereum staking is not a definitive bullish signal; an empty exit queue better reflects market confidence.

Thomas Brunner, Head of Custody and Staking at Sygnum Bank, stated that Ethereum’s validator entry queue has grown to around 2.5 million ETH, with new stakers facing an approximate 43-day wait for activation. However, this metric cannot be simply viewed as a bullish signal, as the backlog reflects both institutional demand and protocol mechanics. Brunner noted that the Dencun upgrade cut the daily validator entry quota to roughly 57,600 ETH, while the Pectra upgrade did not raise this cap. Meanwhile, Pectra allows individual validators to hold up to 2048 ETH with automatic compounding. Large operators are adding stakes to existing validators, and even a 1 ETH top-up requires joining the same queue as new stakers. Thus, the current backlog stems in part from reconfigurations and compounding of existing stakes, not entirely from new ETH demand. In contrast, the nearly empty exit queue offers a clearer signal. Brunner said: “Almost no one is unstaking, which reflects genuine confidence; the entry queue measures both demand and infrastructure mechanics.” Currently, around 41.2 million ETH is staked, accounting for 33.8% of the circulating supply. He added that institutions have not halted participation amid ETH price weakness, with many now regarding staking yields as a native attribute of ETH. However, validator addresses, deposit addresses, and withdrawal credentials are all traceable, and privacy remains a major barrier for institutions looking to expand their staking scale.

Yesterday, Bitcoin spot ETFs posted a net inflow of $233 million, while Ethereum spot ETFs recorded a net inflow of $12.8 million.

Yesterday, U.S. spot Bitcoin ETFs posted a combined net inflow of $233.1 million. Among them, BlackRock’s IBIT saw a net inflow of $183.4 million, Fidelity’s FBTC recorded $15.5 million, Bitwise’s BITB brought in $20.7 million, and ARKB had a net inflow of $1.5 million. For spot Ethereum ETFs, the total net inflow reached $12.8 million yesterday. Breaking down the Ethereum data: BlackRock’s ETHA posted a net inflow of $16.2 million, FETH saw a net outflow of $2.9 million, ETHW had a net inflow of $1.4 million, and ETHE recorded a net outflow of $1.6 million.

Ethereum Institutional released a post celebrating Ethereum’s 11th anniversary, noting that it is the largest decentralized finance ecosystem in the crypto space.

Nonprofit promotion organization Ethereum Institutional has released a statement to celebrate the 11th anniversary of Ethereum. Since the Ethereum mainnet launched on July 30, 2015, Ethereum has operated nonstop for 11 consecutive years of block production with zero interruptions; become the settlement layer for stablecoins, holding more than half of the total stablecoin supply; captured the largest share of decentralized real-world assets across all networks; built the largest decentralized finance (DeFi) ecosystem in the crypto space; fostered the industry’s largest developer ecosystem; and emerged as the default venue for institutional blockchain transactions. No company owns it, no one can shut it down, and it remains fully neutral. Everything on-chain is verifiable. For the next 11 years, let Ethereum become a sacred ground in the financial sector.

Bitcoin ETFs +585 $BTC 1D, -7,704 $BTC 7D; Ethereum -6,440 $ETH 1D, -23,916 $ETH 7D

July 30 Update: #Bitcoin ETFs: 1D NetFlow: +585 $BTC(+$37.81M)?? 7D NetFlow: -7,704 $BTC(-$498.09M)?? #Ethereum ETFs: 1D NetFlow: -6,440 $ETH(-$12.34M)?? 7D NetFlow: -23,916 $ETH(-$45.95M)??

Ethereum’s 11th anniversary: From a humble office to the "World Computer", core developers share the classic group photo from its launch day.

Early Ethereum core developer Lefteris Karapetsas (@lefteris.eth) took to Farcaster to mark the 11th anniversary of Ethereum’s launch. “Unbelievable, it’s already been 11 years,” he wrote. “On July 30, 2015, we launched Ethereum from a humble small office in Berlin’s Kreuzberg district. Since then, everything has changed dramatically. Ethereum has undergone countless transformations, but one thing has remained constant: Ethereum is the world computer.” In the throwback photo Karapetsas shared—taken on Ethereum’s mainnet launch day (July 30, 2015)—early core developers posed for a classic group shot in the modest office. The background screen displayed “Frontier block #1,028,201,” information tied to the network’s genesis block launch. Early core devs and contributors gathered to celebrate, including Gavin Wood, Christian Reitwiessner, Christoph Jentzsch, and others. Ethereum’s primary founder and core designer Vitalik Buterin appeared relatively low-key on the group’s periphery; at just 21 years old, he joined the team to witness this historic moment that would reshape the blockchain world.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $32.1 million, while U.S. spot Ethereum ETFs recorded a net outflow of $32.9 million.

According to data from FarsideUK, U.S. Bitcoin spot ETFs saw a total net inflow of $32.1 million yesterday. Among them, BlackRock’s IBIT recorded a net inflow of $89.8 million, Fidelity’s FBTC posted a net outflow of $43.1 million, ARK 21Shares’ ARKB had a net outflow of $14.6 million, while the remaining ETFs saw roughly flat capital flows. U.S. Ethereum spot ETFs, meanwhile, posted a total net outflow of $32.9 million. Breakdown: BlackRock’s ETHA saw a net inflow of $5.2 million, Fidelity’s FETH had a net outflow of $16.1 million, Grayscale’s ETHE recorded a net outflow of $9.7 million, Grayscale’s ETH posted a net outflow of $8.1 million, Bitwise’s ETHW saw a net outflow of $1.4 million, and TETH had a net outflow of $2.8 million; the rest of the ETFs had largely flat capital flows.

Tether’s compliant stablecoin USAT has gone live on the Celo blockchain, marking its second mainnet deployment following Ethereum.

Tether’s compliant stablecoin USAT has launched on Celo, marking its second mainnet deployment following Ethereum. Issued by Anchorage Digital Bank, the token can be natively minted and redeemed on Celo, and directly cover on-chain gas fees via Celo’s fee abstraction mechanism. USAT launched in January this year, with a current market capitalization of approximately $185 million.

Ethereum Institutional has completed its ecosystem funding round, led by BitMine, SharpLink, and Ethereum co-founders.

Ethereum Institutional, an institutional-grade Ethereum ecosystem service provider, announced the completion of its initial ecosystem funding round and the formation of its supporter alliance, securing backing from over 100 ecosystem participants. The round was led by BitMine, SharpLink, and Ethereum co-founders Joseph Lubin and Mihai Alisie; the funding amount was not disclosed. The institution stated that the capital will be used to accelerate its work on tokenization, stablecoins, and on-chain market infrastructure. Ethereum Institutional added that in the coming months, it will strengthen direct engagement with banks, asset management firms, custodians, market infrastructure providers, fintech companies, and sovereign institutions, advancing specific initiatives related to tokenization, stablecoins, market infrastructure, and on-chain settlement, while expanding core business areas including institutional education, market intelligence, and ecosystem marketing. It will also continue collaborating with the broader Ethereum ecosystem community, including L2 teams, application developers, infrastructure providers, and custodian service providers.

Ethereum Foundation Appoints New Board Member, Who Previously Authored the "Ethereum Cypherpunk Manifesto"

The Ethereum Foundation announced via a tweet that pcaversaccio (PC) has joined its board of directors. A long-time contributor to the Ethereum ecosystem, PC is co-founder and lead of SEAL 911, and was previously a member of the EF Silviculture Society—an informal advisory body to the Ethereum Foundation focused on upholding core values including censorship resistance, open source, privacy, and security. PC is joining the board on a voluntary basis for a one-year term. pcaversaccio is the author of the 2024 work *Ethereum Cypherpunk Manifesto* (adapted from Eric Hughes’ original *A Cypherpunk’s Manifesto*) and the 2025 publication *Ethereum Privacy: The Path to Autonomy*, and has advanced security practices across the Ethereum ecosystem through technical contributions and community advocacy.

Ethereum Layer 2 (L2) Total Value Locked (TVL) drops to a two-year low, ecosystem momentum weakens.

Ethereum's Layer 2 ecosystem total value locked (TVL) has dropped to around $5 billion, hitting its lowest level since 2023 and nearly erasing the capital accumulated during the L2 ecosystem's rapid growth in 2024. Data shows that the combined TVL of the three major networks—Optimism, Base, and Arbitrum—stands at around $4.8 billion, accounting for 96% of the entire L2 ecosystem. Reports note that the L2 ecosystem's cooling is occurring in tandem with broader challenges facing Ethereum as a whole. Since the start of this year, several senior executives at the Ethereum Foundation have stepped down, with personnel adjustments made. Meanwhile, traditional financial institutions, when exploring blockchain infrastructure, are increasingly turning to alternatives beyond Ethereum. For instance, the Depository Trust & Clearing Corporation (DTCC) is advancing Treasury tokenization based on a multi-chain environment, while JPMorgan Chase has expanded its JPM Coin to multiple public blockchains. However, stablecoins remain a key pillar of the Ethereum ecosystem; currently, USDC and USDT are still primarily settled via Ethereum and its L2 networks, allowing Ethereum to continue serving as a critical bridge for traditional finance to enter the crypto market.

Bitcoin ETFs $200.23M outflow (7D); Ethereum ETFs $71.17M inflow (7D)

July 28 Update: #Bitcoin ETFs: 1D NetFlow: +20 $BTC(+$1.23M)?? 7D NetFlow: -3,170 $BTC(-$200.23M)?? #Ethereum ETFs: 1D NetFlow: +11,285 $ETH(+$21.16M)?? 7D NetFlow: +37,959 $ETH(+$71.17M)??

Morgan Stanley launches Ethereum and Solana spot ETPs

According to The Wall Street Journal, Morgan Stanley Investment Management today announced the launch of two new Exchange-Traded Products (ETPs): the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL). Each product is designed to track the performance of ETH and SOL, the native digital assets of the Ethereum and Solana blockchains respectively. The launch of MSSE and MSOL marks Morgan Stanley’s further expansion of its crypto asset investment product portfolio, providing institutional and individual investors with additional avenues to participate in the digital asset market via traditional financial channels.

Yesterday, Bitcoin spot ETFs posted a net outflow of $11.6 million, while Ethereum spot ETFs saw a net inflow of $11.7 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs saw a total net outflow of $11.6 million yesterday. BlackRock’s IBIT recorded a net outflow of $8.8 million, while Fidelity’s FBTC posted a $2.8 million net outflow; all other Bitcoin ETFs had zero net flows for the day. U.S. spot Ethereum ETFs, meanwhile, saw a total net inflow of $11.7 million yesterday. BlackRock’s ETHA accounted for the full $11.7 million daily net inflow, with all other Ethereum ETFs registering zero net flows for the day.