Ethereum (ETH) — Onchain News & Whale Tracking

Founder of 1confirmation: Ethereum’s potential market cap reaches $100 trillion, with a theoretical upside of 333 times.

1confirmation founder Nick Tomaino (@NTmoney) wrote in a post that Ethereum (ETH) and Bitcoin (BTC) are currently the only two assets competing in the "trustworthy neutral store of value" category, while all other tokens qualify as "company coins"—characterized by insider-driven price pumps, exposure to judicial jurisdiction, and reliance on business development. ETH’s current market cap is $300 billion; if it hits a $100 trillion target, its theoretical upside would be 333 times. He also noted that Robinhood Chain’s launch as a layer-2 (L2) network further validates that serious developers tend to choose the EVM ecosystem for greater control and a superior economic model, while reinforcing Ethereum’s network effects.

Yesterday, U.S. Ethereum spot ETFs recorded a net inflow of 141.4 million U.S. dollars.

According to Farside’s monitoring, U.S. Ethereum spot ETFs posted a net inflow of $141.4 million yesterday, with BlackRock’s ETHA attracting $72.1 million in net inflows and Fidelity’s FETH bringing in $65.1 million.

Ethereum surpasses $2,500, with a 4.1% gain in 24 hours.

Per HTX market data, Ethereum has surged past $2,500, with a 4.1% gain over the past 24 hours.

Eightco Holdings disclosed approximately $380 million in holdings, covering OpenAI equity, Ethereum (ETH), and Worldcoin (WLD).

US-listed firm Eightco Holdings (Nasdaq: ORBS) announced that as of September 2, its total assets stood at roughly $380 million, primarily consisting of: approximately $90 million in OpenAI equity held indirectly via a special purpose vehicle (SPV), $18 million in Beast Industries equity, a $1 million investment in Mythical Games, 16,278 ether (ETH), nearly 302 million Worldcoin (WLD) tokens (priced at ~$0.37 per token on Coinbase), plus about $122 million in cash and stablecoins. Over the past month, the company has repurchased more than 25 million common shares under its previously unveiled $125 million share buyback program, and took part in World Foundation’s $52.5 million funding round led by Pantera. The company positions its investment portfolio to target three core trends: artificial intelligence, digital identity, and the creator economy. OpenAI accounts for roughly 24% of its treasury assets, WLD makes up ~29% (the largest publicly disclosed institutional holding globally, representing ~8.3% of its circulating supply), while Beast Industries accounts for ~5%. Management notes that this portfolio covers key segments of the future AI and digital financial system.

Standard Chartered Expands Crypto Footprint: Launches Institutional-Grade Bitcoin and Ethereum Spot Trading Services in UAE

Standard Chartered has become the first global systemically important bank (G-SIB) to offer Bitcoin (BTC) and Ethereum (ETH) spot trading services in the United Arab Emirates (UAE) for institutional clients, according to a Reuters report. The new service allows eligible institutional clients to conduct deliverable BTC and ETH spot trades via the bank’s existing electronic trading channels, with access to its foreign exchange interface for crypto asset transactions. This expansion builds on Standard Chartered’s digital asset custody operations: the lender launched digital asset custody services in the UAE in September 2024, and first rolled out BTC and ETH spot trading for institutional clients via its UK branch in July 2025. Clients may select custodians—including Standard Chartered’s own digital asset custody solution—for trade settlement.

Bitcoin ETFs posted a net inflow of $101 million yesterday, while Ethereum ETFs saw a net outflow of $48.2 million.

According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs saw a net inflow of $101 million yesterday. Of that, BlackRock’s IBIT recorded a net inflow of $115.4 million, while Grayscale’s GBTC posted a net outflow of $56.2 million. U.S. spot Ethereum ETFs overall had a net outflow of $48.2 million. Among them, BlackRock’s ETHA saw a net outflow of $53.4 million, ETHB posted a net inflow of $52.9 million, Fidelity’s FETH had a net outflow of $26.2 million, and ETHE recorded a net outflow of $23.5 million.

Ethereum L2 network Silicon will cease operations, users are advised to withdraw their assets as soon as possible.

Ethereum L2 network Silicon will close its asset deposit channels starting September 2, with its testnet also shutting down simultaneously. User asset withdrawal support will remain available until December 31, 2026; after that, block explorers will be closed and the network will be terminated.

Robinhood Chain's daily fees reached $3.75 million, exceeding the combined total of Solana, Ethereum, and Base.

According to on-chain data, Robinhood Chain's on-chain fees reached $3.75 million in the past 24 hours, exceeding the total fees of three public chains—Solana, Ethereum Mainnet, and Base—over the same period.

The supply of USDT on the Tron network has risen to $942.7 billion, surpassing that of the Ethereum network.

According to Lookonchain's monitoring, the supply of USDT on the Tron network has increased by $4 billion over the past month, reaching $94.27 billion, surpassing the total USDT supply on the Ethereum network.

Over the past month, the $USDT supply on #Tron increased by $4B to $94.27B, surpassing the total supply on #Ethereum.

Over the past month, the $USDT supply on #Tron increased by $4B to $94.27B, surpassing the total supply on #Ethereum.

A derivatives contract whale aggressively shorted Bitcoin (BTC), Ethereum (ETH), and US stocks, emerging as the largest short seller across 14 US stock assets.

According to TradingBeats monitoring, whale address "VBVIT" has recently aggressively shorted BTC, ETH, and XYZ100, an asset linked to the US Nasdaq 100. As of 17:41 Hong Kong time on September 2, the address’s total positions in these three short contracts amount to approximately $107.5 million, with an unrealized profit of around $2.4535 million. Per TradingBeats’ current short position size rankings, the address ranks as the 3rd largest short seller of BTC, 8th largest short seller of ETH, and 2nd largest short seller of XYZ100. Specifically, the address holds roughly 839.45 BTC short contracts, valued at ~$64.3196 million, using 10x leverage, with an average entry price of ~$78,146.8, and current unrealized profit of ~$1.2809 million. It also holds ~11,851.47 ETH short contracts, worth ~$28.1247 million, with 20x leverage, average entry price of ~$2,451.97, and unrealized profit of ~$934,800. Additionally, it holds ~522.16 xyz:XYZ100 short contracts, valued at ~$15.0916 million, with 20x leverage, and unrealized profit of ~$237,800. The address currently has a total of 86 positions, 60 of which are short positions, with a total short position size of ~$137 million, and overall unrealized profit of ~$2.6218 million from its short positions. It is also currently the largest short seller on Hyperliquid for multiple US stock and ETF assets, including 14 names such as ASML, IBM, AVGO, and MRVL. The address previously drew attention from the on-chain trading community for opening nearly $30 million in short positions on SPCX via Hyperliquid. Its historical win rate for completed trades stands at 48.44%.

After 7 months of inactivity, a trader has opened a 25x leveraged long position on Ethereum (ETH), valued at $44.85 million.

According to Lookonchain's monitoring, address 0x89da resumed perpetual contract trading after being inactive for roughly 7 months, opening a 25x leveraged long ETH position with a size of 18,587 ETH, carrying a notional value of approximately $44.85 million.

Yesterday, U.S. spot Bitcoin ETFs posted a net outflow of $237 million, while U.S. spot Ethereum ETFs recorded a net inflow of $8.6 million.

According to data from FarsideUK, U.S. spot Bitcoin ETFs recorded a combined net outflow of $236.5 million on September 1. Among them, BlackRock’s IBIT posted a net outflow of $201.2 million, Fidelity’s FBTC saw a net outflow of $43.7 million, and Bitwise’s BITB registered a net inflow of $8.4 million; all other BTC ETFs reported zero net fund flow for the day. U.S. spot Ethereum ETFs posted a combined net inflow of $8.6 million yesterday. ETHB led the inflows with a net addition of $11.2 million, followed by FETH’s $4.8 million net inflow, while ETHE recorded a net outflow of $7.4 million. BlackRock’s ETHA and the rest of the Ethereum ETFs had zero net fund flow on the day.

A crypto whale with a bullish position of 45,000 Ethereum (ETH) has an unrealized loss of $4.1 million, and its total holdings stand at $107 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, as ETH fell below $2,400, the whale holding a long position of 45,000 ETH has an unrealized loss of $4.1 million. The whale added 28,300 ETH to its position on August 31 when ETH dropped below $2,500. Its current position is worth over $107 million, ranking as the second-largest ETH position on Hyperliquid. The entry price is $2,486.37, with a liquidation price of $2,252.68, leaving a buffer of $233.69.

Bitcoin falls below $77,000, Ethereum drops below $2,400.

According to HTX market data, the overall cryptocurrency market has continued to decline, likely impacted by escalating tensions in the Middle East. Bitcoin has fallen below $77,000, while Ethereum has dropped below $2,400. In related news, the U.S. Air Force struck Iranian targets near the Strait of Hormuz today, followed by Iran launching missiles and drones at U.S. military positions.

A mysterious Ethereum whale is selling off 167,855 ETH, worth approximately $408 million.

According to Lookonchain's monitoring, a mysterious Ethereum whale is selling 167,855 ETH, valued at approximately $408 million. The whale received the 167,855 ETH from multiple wallets and has started transferring the tokens to trading platforms. Over the past two days, it has deposited 70,739 ETH (worth around $174 million) across multiple exchanges, and currently holds 97,115 ETH valued at roughly $237 million.

Tom Lee: Bitmine is just 100,000 ETH away from purchasing 5% of the total Ethereum supply.

Bitmine Chairman Tom Lee posted that the firm has acquired 5.9 million ETH, leaving it just 100,000 ETH short of its goal to hold 5% of the circulating supply. Today’s report notes that Bitmine announced it added 53,501 ETH last week, bringing its total holdings to roughly 5.901 million ETH.

Robinhood Chain's DEX trading volume reached $1.33 billion over the past 24 hours, surpassing Ethereum, BSC, and Base networks.

According to DefiLlama data, Robinhood Chain’s 24-hour DEX trading volume hit ~$1.33 billion, marking four consecutive days of new all-time highs for daily volume. Its 7-day trading volume stood at ~$6.16 billion, with a week-over-week growth of roughly 79%. The $1.33 billion daily volume outpaced concurrent figures from Ethereum Mainnet ($993 million), BNB Chain ($962 million), and Base ($881 million), ranking second only to Solana ($1.86 billion). Notably, Robinhood Chain’s DeFi TVL is just $725 million—roughly 13% of Solana, Base, and BSC’s respective TVLs, and around 1.5% of Ethereum’s. However, driven by high meme coin trading activity, Robinhood Chain generated $1.07 million in chain fees over the past 24 hours, equal to the combined fees of Ethereum ($362,000) and Solana ($677,000) in the same period, making it the highest-fee chain across the network (excluding application layers). According to DefiLlama’s retained revenue calculations based on on-chain economic models, Robinhood Chain’s 24-hour revenue reached $963,000, far exceeding Ethereum ($70,000), Solana ($84,000), BSC ($44,000), and Base ($93,000)—three times the combined revenue of these other major public chains. This does not mean Robinhood’s overall ecosystem revenue has surpassed Solana or Ethereum, as DefiLlama’s on-chain revenue metric only measures network-level income. Robinhood Chain’s outlier revenue is essentially a result of the meme coin trading boom combined with its L2 sequencer economic model. Unlike Ethereum, Solana, BSC, and other chains, Robinhood Chain retains most user gas fees after covering Ethereum data costs and Arbitrum royalty splits, so network-level revenue is rapidly amplified when high-frequency meme coin trading surges.

Arthur Hayes: The market may be refocusing on the "forgotten" Ethereum.

Arthur Hayes has recently expressed a bullish outlook on Ethereum’s future. He noted that ETH was previously heavily sold off by the market, but has recently shown signs of strengthening relative to Bitcoin (BTC), which may signal the market is refocusing on this asset. Hayes believes that ETH’s strength relative to BTC could be a key indicator of a shift in market sentiment, and the trading logic around the "forgotten Ethereum" may be regaining market attention.

Tom Lee: Four Key Catalysts Could Trigger Ethereum (ETH) Rally; If Bitcoin (BTC) Rises to $150,000 and ETH/BTC Returns to 0.04, ETH Could Reach $6,000

Bitmine Chairman Tom Lee recently told the Milk Road Show in an interview that asset tokenization and AI agent finance will be the core narratives driving the crypto market over the next five years. Ethereum is poised to become the underlying settlement layer of the global financial system, and ETH remains severely undervalued relative to BTC. Lee projects ETH could be boosted by four key catalysts in the remainder of 2026: the U.S. Clarity Act is expected to pass in September, over-the-counter short positions and sidelined funds returning to the market, Asian funds reallocating to crypto assets, and global institutional fund managers chasing top-performing crypto assets amid quarterly performance pressures. He forecasts the ETH/BTC exchange rate will retest its historical high of 0.08. Even a conservative recovery to 0.04 would put ETH at $6,000 if BTC hits $150,000. Lee also stressed Bitcoin still has long-term upside, but the crypto industry’s bigger overarching trends over the next five years will be the "full asset tokenization super cycle" and "AI agent finance".

An Ethereum long-position whale added another 13,000 ETH in the early hours of the morning, pushing its average position cost to $2,486 and currently sitting on an unrealized loss of $3.35 million.

According to Yu Jian Monitoring, whale address 0x0392a opened a long position of 32,000 ETH (valued at $80 million) at $2,487 two days ago. Early this morning, the whale added another 13,000 ETH to his position, bringing his total long holdings to 45,000 ETH (worth $109 million) with an average entry price of $2,486. Following the recent pullback, the position is now showing an unrealized loss of $3.35 million, and its liquidation price stands at $2,251.

Bitcoin breaks through $79,000, Ethereum surpasses $2,500.

，据 HTX 行情信息，比特币突破 79,000 美元，24 小时涨幅 1.49%；以太坊突破 2500 美元，24 小时涨幅 2.48%。

Ethereum core developers confirm EIP-8141 proposal will be included in the Hegotá upgrade.

Ethereum core developer nixo.eth announced via tweet that the community has approved moving account abstraction proposal EIP-8141 from "under consideration" to "scheduled", confirming account abstraction will be advanced as a key feature of the Hegotá upgrade. Separately, another proposal EIP-8130 is set to launch on Base in September, sparking discussions about avoiding a split in account abstraction standards between Layer 1 (L1) and Layer 2 (L2). Currently, the two EIP authors and core developers are working to reach a unified solution without delaying the upgrade. This status update means the feature is now officially part of the Hegotá upgrade roadmap, though its specific specifications may still undergo significant changes. It is understood that EIP-8130 is a Native Account Abstraction (Native AA) proposal put forward by Base’s Chris Hunter, which aims to integrate smart account capabilities directly into the protocol, rather than relying on bundlers and EntryPoints as ERC-4337 does.

BlackRock’s crypto ETF received Bitcoin worth over $200 million and Ethereum worth $23.53 million over the past 9 hours.

According to monitoring by TradingBeats (formerly Hyperinsight), BlackRock’s crypto ETF has received 2,559.28 BTC (valued at over $205.6 million) and 9,340 ETH (worth $23.53 million) over the past nine hours.

After nailing a long position on Ethereum (ETH) that generated over $11 million in profits, a crypto whale has once again opened a 20x leveraged long position on 100,000 Solana (SOL).

According to Lookonchain’s monitoring, trader 0xedcd—who went long on 20,000 ETH (worth ~$49.9 million) ahead of the market rally and reaped over $11 million in profits—has just opened a new position: going long on 100,000 SOL with 20x leverage, with the position valued at roughly $10.45 million.

Ethereum plans to restructure its staking deposit contract to "update its security lock" for the post-quantum era.

An Ethereum developer has proposed a new Ethereum Improvement Proposal (EIP) draft that aims to restructure the existing validator deposit contract, paving the way for the Ethereum staking system to transition to post-quantum cryptography. The proposal plans to replace the contract’s fixed BLS key structure with support for variable-length keys and credential data, with a single entry capped at 8192 bytes, and requires each deposit to specify the "credential scheme" used. Currently, only Scheme 0 is defined, corresponding to the existing BLS signature system; future EIPs can further establish post-quantum validator key standards. The new contract will also introduce three states: "Disabled", "BLS Enabled", and "BLS Permanently Retired". Once a system call triggers the BLS Retired state, new validator staking using the existing BLS scheme will be permanently prohibited and cannot be reactivated. The proposal remains in draft stage and is pending review by EIP editors; the contract address, deployment code, and activation time have not been finalized, and its implementation will require coordinated upgrades between Ethereum’s consensus layer and execution layer. One of the proposal’s authors, Thomas Coratger, noted that post-quantum cryptography is not a straightforward software upgrade. Current Ethereum research prioritizes hash-based signature schemes, whose stateless version has a signature size of roughly 8KB—closely matching the new contract’s 8192-byte cap. The Ethereum Foundation previously established a post-quantum security team. Relevant research indicates that over 65% of ETH is currently held in addresses with on-chain-exposed public keys, and the potential threat of quantum computing to the existing elliptic curve signature system is increasingly becoming a long-term security concern for Ethereum.

Ethereum researchers propose quantum-resistant staking scheme, plan to restructure validator deposit contract.

Ethereum researchers have released an early draft proposing to restructure the validator deposit contract to support varying key lengths and multiple cryptographic signature schemes, laying the groundwork for future adoption of post-quantum signatures. The existing contract hardcodes BLS key sizes, meaning even if developers identify new post-quantum schemes, the network cannot currently integrate them directly. The draft will tag each deposit with the cryptographic system used, assigning tag 0 to BLS and reserving all other tags for future schemes. If approved, new signature schemes can be integrated alongside BLS; Ethereum could later vote to permanently stop accepting new BLS deposits, though validators already staking with BLS keys will not exit immediately. The draft currently uses a temporary identifier, with maintainers suggesting it be designated EIP-8394. As of Wednesday, roughly 42.4 million ETH is staked on Ethereum, valued at approximately $104 billion, all secured by BLS validator keys. In March this year, Google Quantum AI outlined 5 potential quantum attack vectors targeting Ethereum, impacting over $100 billion in assets across wallets, staking, smart contracts, and Layer 2 networks. The Ethereum Foundation currently plans to complete core protocol-level adjustments related to this by around 2029.

Binance will conduct maintenance on its Ethereum network wallet on August 27, with the maintenance expected to last one hour.

According to official announcements, Binance will conduct maintenance on its Ethereum (ETH) network wallets at 14:00 on August 27, 2026. To support this maintenance, ETH deposit and withdrawal functions will be suspended starting at 13:55 on August 27. The maintenance is expected to last approximately one hour, after which the relevant functions will be restored.

Yesterday, US Bitcoin spot ETFs recorded a net inflow of $314.3 million, while US Ethereum spot ETFs saw a net inflow of $179.8 million.

According to data from Farside, U.S. spot Bitcoin ETFs recorded a combined net inflow of $314.3 million yesterday. The breakdown is as follows: BlackRock’s IBIT saw a net inflow of $284.4 million, Fidelity’s FBTC brought in $15.4 million, Bitwise’s BITB had $3 million, MSBT $4.5 million, and BTC $7 million. Separately, U.S. spot Ethereum ETFs posted a total net inflow of $179.8 million, with BlackRock’s ETHA at $146.4 million, ETHB at $7.6 million, and Fidelity’s FETH at $25.8 million.

Ethereum's Glamsterdam upgrade will adjust gas pricing for state operations, and a small number of contracts with hardcoded gas assumptions may need to be fixed.

The Ethereum Foundation team has released an impact assessment of gas repricing for the upcoming Glamsterdam upgrade. The upgrade includes two EIPs: EIP-8037 and EIP-8038. The former increases and standardizes the cost of creating new states, including new accounts, new storage slots, and deployed bytecode. The latter raises the cost of state access operations (such as SSTORE, SLOAD, and cold account access), making gas prices more accurately reflect actual resource consumption. State operation gas pricing has not been adjusted since the Berlin fork in 2021, while Ethereum’s state size has grown significantly, and recent increases in the gas limit have further accelerated this growth. The new pricing is based on a performance target supporting approximately a 3x increase in base throughput, and serves as a necessary prerequisite for future further hikes in the gas limit. The team evaluated the actual impact by replaying historical mainnet transactions, categorizing all transactions into four groups: most transactions are completely unaffected; some transactions still succeed but have changes in details like gas usage; some contracts run out of gas under their original limit but can complete when the limit is raised; a tiny number of contracts may still fail even with a significantly increased gas limit. This last category typically relies on hardcoded gas assumptions. Developers can check if their contracts are affected and verify fixes on the Plat?berget testnet. End users do not need to take any action, as updated wallets and infrastructure will handle the changes automatically.

TRON reached 400M total users in just 8.16 years, much faster than Bitcoin and Ethereum.

TRON reached 400M total users in just 8.16 years, much faster than Bitcoin and Ethereum. Bitcoin took 9.4 years to reach 400M users, while Ethereum took over 10 years.

THORChain has rolled out its major version 3.20 upgrade, enabling native swaps of Monero (XMR) and Zcash (ZEC) for Bitcoin (BTC), Ethereum (ETH), and stablecoins.

THORChain has announced the launch of version 3.20, adding native cross-chain swap support for Monero (XMR) and Zcash (ZEC). Users can directly swap XMR and ZEC for BTC, ETH, and stablecoins without requiring wrapped assets, centralized exchange accounts, or surrendering custody of their funds. The upgrade also introduces Protocol-Owned Liquidity (POL) and Stable Reserve, while restoring support for Solana, Base, and BNB. The Stable Reserve enables zero-liquidity-fee swaps between stablecoins. This upgrade is expected to provide a new non-custodial trading path for users facing shrinking liquidity channels due to centralized exchanges delisting or restricting XMR.

BIT-linked addresses liquidated $419 million worth of Ethereum (ETH) and Bitcoin (BTC) long positions, generating a profit of $55.095 million.

According to on-chain analyst Ai Yi (Twitter handle @ai_9684xtpa), BIT-related entities have a total of 11 addresses. These addresses previously held long positions in ETH and BTC worth a combined $419 million, and have since closed out the positions for a profit of $55.095 million. Currently, address 0xf78…6c581 holds 1,602.11 remaining ETH long positions, valued at $3.97 million, with an unrealized profit of $707,000.

Ethereum developers propose quantum-resistant deposit contract scheme.

Ethereum developer Kevaundray and fellow contributors have submitted a new Ethereum Improvement Proposal (EIP) draft, proposing the introduction of a post-quantum-ready deposit contract. The proposal would leverage variable-length validator deposit contracts and irreversible BLS key retirement mechanisms to provide Ethereum’s validator deposit contracts with a future-proof upgrade path against quantum computing threats. The draft remains in the Draft stage and requires further deliberation.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $337.6 million, while U.S. spot Ethereum ETFs recorded a net inflow of $115.6 million.

According to Farside data, U.S. spot Bitcoin ETFs posted a combined net inflow of $337.6 million yesterday. Of this, BlackRock’s IBIT saw a net inflow of $208.9 million, Fidelity’s FBTC $104.6 million, Bitwise’s BITB $3 million, Grayscale’s BTC $16.4 million, HODL $3.3 million, and MSBT $1.4 million. U.S. spot Ethereum ETFs recorded a total net inflow of $115.6 million, with breakdowns as follows: BlackRock’s ETHA brought in $90.9 million, Fidelity’s FETH $6.8 million, ETHW $0.9 million, ETHV $4.5 million, and ETH $12.5 million.

Arthur Hayes: Maelstrom is fully invested in risk assets, with Bitcoin, Ethereum, and others as core bets.

Arthur Hayes published a post noting that his Maelstrom Fund is currently at "maximum risk exposure", with core bets on Bitcoin, Ether, Ethena, and Ether.fi. Hayes argues that whether U.S. Treasury Secretary Bessent increases U.S. dollar liquidity rapidly or gradually, Bitcoin will keep rising, though market volatility will also spike. As such, he advises against using leverage unless one is a full-time trader. Hayes also pointed out that Bessent’s recent move to expand long-term U.S. Treasury repurchase operations could further boost U.S. dollar liquidity, lifting Bitcoin and other risk assets. He projects that if U.S. Treasury yields approach 5% again, the U.S. Treasury may further expand repurchase volumes or take other steps to increase U.S. dollar liquidity.

Tom Lee: Bitmine’s 10-year vision is betting on Ethereum to become the leading public blockchain for tokenization and AI applications.

Bitmine Chairman Tom Lee publicly outlined the company’s 10-year strategic vision, explicitly positioning Ethereum as the core infrastructure for future tokenization and artificial intelligence applications. Bitmine’s true historical contribution lies in helping Ethereum maintain its status as the most important public blockchain in the future. When discussing the long-term competition between Ethereum and Bitcoin, Lee stated that the claim of ETH’s market capitalization overtaking BTC is "very well-founded." He also projected massive upside potential for Ethereum’s price, noting: "Whether it’s $50,000, $100,000, or $200,000, the returns for our shareholders will be legendary."

The largest on-chain Ethereum long holder has begun taking profits, liquidating approximately $34.15 million worth of long positions.

According to TradingBeats monitoring, the largest on-chain Ethereum long position address linked to BIT has initiated profit-taking. The address is 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41; it sold 14,000 ETH five minutes ago, worth approximately $34.15 million. Its remaining holdings are valued at around $25.24 million, with an average long entry price of $2,340.86, and the remaining position holds an unrealized profit of roughly $1.83 million. The address has repeatedly received fund transfers from Matrixport, which has since rebranded as BIT. It is currently the largest on-chain ETH long position, with two associated addresses coordinating position-building, making this the primary address.

A crypto whale has opened a long position in Bitcoin (BTC) and Ethereum (ETH) valued at $71.8 million, with Bitcoin’s entry price standing at approximately $78,000.

According to monitoring by EmberCN, a crypto whale transferred 8 million USDC into Hyperliquid half an hour ago, opening long positions in BTC and ETH worth $71.8 million, with an unrealized profit of over $150,000. Notably, the whale opened the positions just before the release of news that the U.S. Treasury may deploy nearly $1 trillion to fund an expansion of the U.S. Treasury bond repurchase program. Its holdings are as follows: 600 BTC valued at $46.94 million, with an average long entry price of $78,032; 10,000 ETH valued at $24.89 million, with an average long entry price of $2,479.

Bessent targets the trillion-dollar "emergency fund pool" to buy US Treasuries, giving the short-term market a boost; Bitcoin, Ethereum, gold and US Treasuries all rally across the board.

After news broke that the U.S. Treasury may draw nearly $1 trillion in Treasury General Account (TGA) funds to support its recently announced expanded U.S. Treasury bond repurchase program, the market received a short-term boost. U.S. Treasury Secretary Scott Bessent said such operations could even exceed this new minimum level. However, the Treasury did not specify at the time how it would fund these purchases. Per HTX market data, Ethereum rose above $2,500, while Bitcoin broke through $78,000. Per BIT (bit.com) market data, U.S. stock index futures pared some losses: S&P 500 and Dow Jones futures are currently down around 0.1%, and Nasdaq futures are down roughly 0.4%. U.S. Treasuries extended their rally, with the 10-year Treasury yield falling 4 basis points to 4.70%. Per Bitget market data, spot gold climbed above $4,670 per ounce, up 1.47% on the day.

Ethereum surpasses $2,500, with a 1.6% gain in the last 24 hours.

According to HTX market data, Ethereum has surged past $2,500, posting a 1.6% gain over the past 24 hours.

Ethereum falls below $2,400

According to HTX market data, Ethereum has fallen below $2,400, with a 24-hour decline of 4.9%.

US Congresswoman Tlaib, who opposed the CLARITY Act, was revealed to hold ETFs related to Bitcoin (BTC) and Ethereum (ETH).

According to a New York Post report, U.S. Democratic Representative Rashida Tlaib’s latest financial disclosure shows her roughly $1.2 million retirement investment account includes up to $15,000 in Grayscale Ethereum ETF and up to $15,000 in Bitcoin ETF. Both holdings are ETFs, not direct ownership of BTC or ETH. The disclosure documents indicate the account holds a total of 41 investments. Since U.S. lawmakers only disclose assets by amount brackets, Tlaib’s exact holdings in the crypto ETFs cannot be determined. Tlaib previously voted against the CLARITY Act, which supports the crypto industry, and backed a resolution aimed at banning "crypto corruption". The CLARITY Act is expected to be considered by the Senate in September after Congress returns from its recess.

U.S. spot Bitcoin and Ethereum ETFs posted a combined net inflow of $2.6 billion this week, marking the highest level since October 2025.

U.S. spot Bitcoin and Ethereum ETFs saw a combined net inflow of $2.6 billion this week, marking the highest level since October 2025. Of that total, spot Bitcoin ETFs pulled in $1.9 billion, while spot Ethereum ETFs took in $697.2 million. Both products recorded their largest weekly net inflows since 2026. This reversed the combined net outflow of $392 million from the prior week, representing a weekly fund swing of roughly $3 billion. Combined trading volume for the two ETFs rose to $29 billion, more than tripling from the previous week. Spot Bitcoin ETFs’ weekly trading volume surged from $6.9 billion to $22.1 billion, a jump of over 219%, while their combined net asset value (NAV) increased from $76.6 billion to $96.1 billion. The cumulative net inflow into spot Bitcoin ETFs since their launch has hit $53.7 billion. For its part, spot Ethereum ETFs notched their largest weekly net inflow since the week of October 3, 2025.

Bitmine’s unrealized losses on its Ethereum positions narrowed to $5.408 billion.

According to the latest holding data from Bitmine, the treasury firm holds a total of 5,815,164 Ether (ETH), with an average cost basis of $3,366 per ETH. At the current ETH price of $2,436, the total unrealized loss on its holdings has narrowed to $5.408 billion, after previously exceeding $10 billion at one point.

The overall crypto market experienced a short-term plunge, with Bitcoin briefly falling below $77,000 and Ethereum briefly dropping below $2,400.

According to HTX market data, the overall cryptocurrency market has pulled back, with Bitcoin briefly falling below $77,000, Ethereum briefly dropping below $2,400, and SOL briefly slipping below $90.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $307.5 million, while U.S. spot Ethereum ETFs recorded a net inflow of $184 million.

According to Farside's monitoring, U.S. spot Bitcoin ETFs posted a net inflow of $307.5 million yesterday, marking five consecutive trading days of robust net inflows. In the same period, U.S. spot Ethereum ETFs saw a net inflow of $184 million, extending their streak to seven straight trading days of net inflows.

Arthur Hayes: Ethereum has significant room for a catch-up rally; once it breaks through $3,000, the next target is $5,000.

Arthur Hayes told Laura Shin during a podcast appearance that ETH is one of the most despised large-cap altcoins in the market. As the second-largest cryptocurrency by market capitalization, it has yet to break through its 2021 all-time high. From a risk-reward standpoint, at least in how he manages portfolios at Maelstrom, ETH is currently his largest position outside of Bitcoin. “I’m not particularly worried about waking up one day to find ETH has gone to zero. Of course, that scenario could occur, but that risk is far lower compared to other cryptocurrencies, so I’m very comfortable allocating a large position to this trade. Since it has not rallied much in this cycle, I believe it has significant catch-up upside. Once it starts moving higher, the reflexive momentum train will kick in. There are so many people who want to go long ETH for various reasons, and there were very valid justifications for why they didn’t do so in past years,” Hayes noted. He added: “Once we break through the $3,000 level, I think you will truly see ETH’s rally get underway, and it could quickly surpass $5,000. My year-end target is within reach.”

Ethereum Surpasses $2,400

According to HTX market data, Ethereum has broken through the $2400 level, currently trading at $2408, with a 24-hour increase of 5.84%.

Yesterday, Bitcoin ETFs posted a net inflow of $606.3 million, while Ethereum ETFs saw a net inflow of $219.5 million.

According to monitoring by Farside Investors, Bitcoin ETFs posted a net inflow of $606.3 million yesterday, while Ethereum ETFs recorded a net inflow of $219.5 million.