Ethereum (ETH) — Onchain News & Whale Tracking

The Paradigm Reth Client Vulnerability Causes Temporary Disruption of Multiple Ethereum Nodes

On September 3rd, as per The Block, Georgios Konstantopoulos, the Chief Technology Officer of the cryptocurrency venture capital firm Paradigm, declared that there is a program flaw within Reth, the Ethereum execution client developed by the company. This flaw leads to nodes relying on this client to come to a standstill. According to Paradigm's announcement on GitHub, the vulnerability was activated at block height 2327426 and affected Ethereum mainnet versions 1.6.0 and 1.4.8. Although Konstantopoulos has provided a series of instructions to assist operators in recovering Reth nodes, Paradigm is still conducting an investigation into the root cause of the vulnerability. Reth is an Ethereum execution layer client developed by Paradigm using the Rust programming language. It is designed with a focus on high performance and modularity. An execution client is a software application that processes transactions and applies state updates used to calculate the state root. The state root is

Ethereum Briefly Drops Below $4,300 Again

On September 3rd, according to HTX market data, Ethereum once again briefly dropped below $4300 and is currently trading at $4297.9.

Yesterday, the US Ethereum spot ETF saw a net outflow of $1.353 billion, while the Bitcoin spot ETF saw a net inflow of $3.32 billion.

September 3rd. Farside Investors reported that a net outflow of $135.3 million occurred for the US Ethereum spot ETF yesterday. There was no inflow or outflow for BlackRock's ETHA, and a net outflow of $99.2 million for Fidelity. Yesterday, the Bitcoin spot ETF witnessed a net inflow of $332 million. BlackRock's IBIT had a net inflow of $72.9 million, and Fidelity had a net inflow of $132.7 million.

Fenghuang Finance's stock price did not experience a pump despite the "Purchase of 10,000 Ethereum" news, decreasing by 4.09% during intraday trading.

On September 3rd, based on market information, Noah Holdings (HK:00376) opened high and declined low today. It dropped 4.09% intraday, and the stock price is currently at 3.52 Hong Kong dollars. Regarding yesterday's news, Noah Holdings announced the purchase of 10,000 ETH to establish an Ethereum asset reserve. According to public data, Alibaba's founder Jack Ma indirectly holds about 11.15% of Noah Holdings through Yunfeng Fund. He holds 29.85% in Noah Holdings Limited and 40% in Shanghai Yunfeng Innovation (without voting rights).

The ETH staked in the Ethereum PoS network's withdrawal queue has been decreasing for 5 consecutive days, with the current value at approximately $3.67 billion USD. ETH is currently in the withdrawal queue.

On September 3rd, based on the data from the Validator Queue tracking website validatorqueue, the current amount of ETH exiting the Ethereum PoS network queue has been continuously declining for 5 consecutive days. It currently stands at 851,831 ETH, which is approximately worth $36.7 billion. The exit wait time is about 14 days and 19 hours. At the same time, the ETH queued to join the network is approximately 817,213 ETH, with a value of about $35.2 billion. The expected activation delay is about 14 days and 5 hours. Previously reported, this situation reflects the existence of two opposing forces in the market. On the one hand, some stakers may have decided to cash out after Ethereum experienced a significant rebound from the April low, resulting in a surge in the exit queue. On the other hand, new inflows driven by regulatory optimism and institutional demand are also boosting the entry queue. Publicly listed companies such as SharpLink Gaming and BitMine Immersion have increased

The Ethereum Foundation has transferred 10,000 ETH earmarked for sale to Kraken.

On September 3rd, as monitored by on-chain analyst Wu Jinyan, the Ethereum Foundation issued an announcement indicating that in the upcoming weeks of September, they will sell 10,000 ETH through CEX for research and donation funding. The 10,000 ETH earmarked for sale ($42.7 million) was transferred to Kraken within 10 minutes prior to the release of the announcement. The Foundation's last ETH sale took place 2 months ago (July 11th): at that time, they sold 10,000 ETH ($25.73 million) via OTC at a price of $2,572 to SharpLink.

Ethereum Foundation to Sell 10,000 ETH to Support Development and Other Work

On September 3rd, the Ethereum Foundation announced in a blog post that in the coming few weeks, it will be converting 10,000 ETH by using a centralized exchange in order to continuously support its research, grants, and donation endeavors. This conversion will be carried out through multiple small transactions instead of a single large transaction.

If Ethereum drops below $4200, the cumulative long liquidation strength of major CEXs will reach $1.53 billion.

On September 3rd, the cryptocurrency market remains on a downward trajectory. According to Coinglass data, in the event that Ethereum drops below $4200, the cumulative intensity of long liquidation in mainstream CEXs will reach $1.553 billion. Conversely, if Ethereum surges above $4400, the cumulative intensity of short liquidation in mainstream CEXs will reach $0.940 billion. BlockBeats Note: The liquidation chart does not precisely depict the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, intensity. Consequently, the liquidation chart showcases the degree to which the price of the underlying asset will be influenced when it attains a certain level. Higher "liquidation bars" indicate that when the price reaches that level, it will experience a more pronounced reaction due to a liquidity cascade.

Ethereum Withdrawal Trend Continues, with CEX Net Outflow of 10,600 ETH in the Last 24 Hours

On September 3rd, according to Coinglass data, in the past 24 hours, the cumulative net outflow of CEX was 10,600 ETH. The top three exchanges with the largest outflows are as follows: · Bitfinex, with an outflow of 14,500 ETH; · Binance, with an outflow of 6,437.45 ETH; · KuCoin, with an outflow of 1,028.80 ETH. In addition, Bybit witnessed an inflow of 8,572.40 ETH and ranked first on the inflow list.

Ethereum Staking Queue Hits Highest Level Since September 2023, Admission Queue Currently at 832,000 ETH

On September 3rd, based on the data from the Validator Queue tracking website validatorqueue, the staking demand for new validators activated on the Ethereum PoS network has witnessed a significant increase and reached the highest level since September 2023. The current admission queue is 832,000 ETH, which is valued at approximately $35.77 billion. The queue time is 14 days and 11 hours. The current exit queue of the Ethereum PoS network is temporarily at 861,000 ETH and remains at a high level. Calculated at the current price, the ETH exiting the PoS network is approximately $37 billion, and the withdrawal delay is 14 days and 23 hours.

SharpLink CEO: Ethereum is the Wall Street of Capital, combining Productivity, Profitability, and Programmability

On September 3rd, Joseph Chalom, the Co-CEO of SharpLink which is the second-largest treasury company in Ethereum, published an article to explain why ETH is favored by Wall Street capital. He stated that Ethereum is the place where capital wants to go. With 10 years of continuous operation, it ensures the storage of trillions of dollars in value. At the same time, the new foundation leadership is making significant progress at the L1 level. Therefore, SharpLink is very optimistic about the entire Ethereum ecosystem, including L1 and L2, believing that it will attract capital attention. Since Ethereum on-chain transactions are secure and ongoing, SharpLink believes that ETH is a high-quality treasury asset - the world's first truly trusted commodity with productivity, profitability, programmability and is rapidly becoming a core institutional digital asset.

Kraken Partners with Backed to Launch xStocks on Ethereum

On September 2nd, according to CoinDesk, Kraken has declared a partnership with the Swiss institution Backed. This partnership enables the launch of Kraken's tokenized stock product, xStocks, on the Ethereum mainnet. Currently, users are able to interact with xStocks in ERC-20 token form on the Ethereum blockchain, which facilitates interoperability with DeFi protocols. Previously, xStocks was accessible on Solana, BNB Chain, and TRON, with a combined trading volume of $3.5 billion.

Propanc Biopharma Plans to Purchase $100 Million Worth of Ethereum in the Next 12 Months

On September 2nd, the US-listed biopharmaceutical company Propanc Biopharma (PPCB) declared its intention to purchase $100 million worth of Ethereum within the next 12 months. Propanc Biopharma pointed out that this action would reinforce its overall corporate strategy in aspects such as cryptocurrency investment, drug development, and asset acquisition.

「Ethereum ICO Whale with 1 Million Coins」 Reaccumulates, Buys 2000 ETH

On September 2nd, according to on-chain analyst Ai Sister (@ai_9684xtpa), following a month-long absence, the "ETH ICO 1 Million Whale" seems to have accumulated 2,000 ETH again, which is worth $8.79 million. From July 14th to August 4th, the whale had previously withdrawn 13,600 ETH from Kraken at an average price of $3,457 per ETH (approximately $47.01 million). This was the first time in nearly two years that the address had withdrawn ETH from an exchange instead of selling. Subsequently, from August 18th to 28th, the whale sold 5,300 ETH on-chain at an average price of $4,152, realizing a profit of $3.68 million through swing trading.

Bitcoin Drops Below $109,000, Ethereum Falls Below $4,300

On September 2nd, based on HTX market data, Bitcoin fell below $109,000, experiencing a 24-hour decline of 0.22%; Ethereum dropped below $4,300, with a 24-hour decrease of 2.16%.

Greeks.Live: Ethereum Shows Significant Relative Weakness to Bitcoin, Market Exhibits Divergence Pattern

September 2nd, Greeks.Live issued its daily market brief. It indicates that the overall market is disappointed with the performance of Ethereum. It is believed that Ethereum has weakened significantly compared to Bitcoin. Traders have shifted to a generally bullish stance on allocating to Bitcoin, resulting in a market situation where Bitcoin rises alone while mainstream coins experience a widespread decline. The market has witnessed whale buy orders of 260,000 ETH, and there is intense long and short speculation around the $4,400 price level.

Yunfeng Financial has announced the purchase of 10,000 ETH to establish an Ethereum asset reserve.

On September 2nd, the Hong Kong-listed company CF Benchmarks (00376.HK) announced that the company's board of directors has given the green light to the purchase of ETH on the open market as a reserve asset. As of the announcement date, the group has purchased a total of 10,000 ETH on the open market, with a total investment cost (including fees and expenses) of $44 million. The funds used for this purchase are from the group's internal cash reserves, and the purchased ETH is classified as investment assets in the group's financial statements.

ETHZilla plans to deploy around $100 million worth of Ethereum to EtherFi.

On September 2nd, ETHZilla Corporation, a US-listed company, announced today that it intends to allocate approximately $100 million worth of Ethereum to the EtherFi liquidity restaking protocol in order to enhance its treasury yield. The company currently possesses 102,246 ETH, with a total value of approximately $456 million, and the average acquisition price is $3,948.72.

Arbitrum, Ethereum, and xDai Ranked Top Three in Cross-Chain Bridge Net Funds Inflow Over the Past Week

On September 2nd, based on DefiLlama data, in the past week, the net inflow of funds to the Arbitrum cross-chain bridge reached $2.499 billion, ranking first among all public chains. Ethereum and Xdai came next, with net inflows of $2.11 billion and $84.1 million respectively. Polygon, Solana, and Base witnessed net outflows of $86.35 million, $74.61 million, and $67.44 million respectively.

Matrixport: Ethereum is currently in a digestion phase after being overbought, with limited potential to retest $5000 in the short term

On September 2nd, Matrixport presented a market outlook indicating that Ethereum's transaction volume sharply decreased from $122 billion to $57 billion as speculative long positions underwent liquidation. Despite several technical supports existing below, the funding rate has retreated back to below 10%, suggesting a slowdown in ETF capital inflows. At present, Ethereum is in a digestion stage following being overbought, and the implied volatility still remains at a high level. For aggressive investors, selling covered call options can enable them to capture volatility premiums, and the short-term possibility of returning to $5,000 is limited. Overall, risk control remains of key importance, and Matrixport still maintains a cautious stance after the price breaks below a crucial support.

Ethereum Short-Term Breakthrough of $4400

On September 2nd, based on HTX market data, Ethereum briefly exceeded $4400, and it saw a 0.26% increase in the past 24 hours.

Ethereum's active address count in August reached 19.45 million, hitting a new high since May 2021

On September 2nd, as per everstake.eth, the quantity of active addresses on Ethereum came to 19.45 million in August, attaining a new peak since May 2021 (20.27 million).

The Ethereum PoS Network's ETH Staked for Withdrawal has decreased to 879,000, while over 850,000 ETH are queued to join

September 2nd. Based on the data from the Validator Queue tracking website validatorqueue, the current amount of ETH leaving the Ethereum PoS network queue has been continuously decreasing for 4 days. It currently stands at 879,063 ETH, which is approximately valued at 3.82 billion US dollars. The exit wait time is about 15 days and 6 hours. Meanwhile, the amount of ETH queued to join the network has increased to around 857,719 ETH, with a value of approximately 3.72 billion US dollars. The estimated activation delay is about 14 days and 21 hours. Previously reported, this situation reflects the existence of two opposing forces in the market. On the one hand, some stakers may have decided to cash out after Ethereum experienced a significant rebound from the April low, resulting in a surge in the exit queue. On the other hand, new inflows of funds driven by regulatory optimism and institutional demand are also pushing up the entry queue. Listed companies such as SharpLink Gaming and B

If Ethereum drops below $4200, the overall Long/Short ratio on mainstream CEXs will reach a liquidation volume of 928 million dollars.

September 2nd: The cryptocurrency market maintained its downward trend. Based on Coinglass data, in the event that Ethereum drops below $4200, the cumulative long liquidation strength of mainstream CEXs will reach $928 million. Conversely, if Ethereum surges above $4400, the cumulative short liquidation strength of mainstream CEXs will reach $539 million. BlockBeats Note: The liquidation chart does not provide the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually signify the significance of each liquidation cluster in relation to neighboring clusters, that is, the strength. Hence, the liquidation chart illustrates to what extent the price of the underlying asset will be influenced when it reaches a specific level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity avalanche.

Ethereum Withdrawal Trend Continues, with CEX Net Outflow of 61,400 ETH in the Last 24 Hours

On September 2nd, according to Coinglass data, within the past 24 hours, the total net outflow of ETH from CEX exchanges amounted to 61,400 ETH. The top three CEX exchanges in terms of outflow volume are as follows: · Binance, with an outflow of 44,200 ETH; · OKX, with an outflow of 9,841.09 ETH; · Kraken, with an outflow of 4,219.48 ETH. In addition, Coinbase Pro witnessed an inflow of 2,859.11 ETH, ranking first in the list of inflows.

Ethereum Network Gas Price Drops to 6.89 Gwei

On September 1st, according to Etherscan data, after the WLFI token was listed for 4 hours, the gas on the Ethereum network has now dropped to 6.89 Gwei.

Ethereum Foundation Announces Hole?ky Testnet Shutdown

On September 1st, the Ethereum Foundation officially declared that the Hole?ky testnet has reached the end of its planned lifespan and will soon be deprecated. After the completion of the Fusaka upgrade on Hole?ky two weeks ago, the vast majority of the remaining validator nodes will be shut down. Subsequently, the client teams, testing teams, and infrastructure teams will no longer provide support for Hole?ky. The official statement mentioned that Hole?ky went live in 2023 as Ethereum's largest public testnet, which was specifically designed for large-scale staking infrastructure and validator operation testing. The network has fulfilled its mission by supporting thousands of validators through protocol upgrade testing, including the Dencun network upgrade and the recent Pectra upgrade. However, after the activation of the Pectra testnet in early 2025, Hole?ky experienced a significant non-triviality leak, resulting in a surge in validator exits from the queue. Although the network

Ethereum Network Gas Price Drops to 32.4 Gwei

On September 1st, according to the data from Etherscan, following the launch of the WLFI token for about 1.5 hours, the Gas on the Ethereum network dropped to 32.4 Gwei.

Ethereum Network Gas Price Drops to 63.8 Gwei

On September 1st, based on Etherscan data, the Gas Fee of the WLFI token on the Ethereum network has now decreased to 63.8 Gwei 50 minutes after its launch.

Affected by WLFI Token Airdrop, Ethereum Network Gas Sees Temporary Sharp Spike

On September 1st, based on Etherscan data, due to a large-scale withdrawal behavior following the listing of the WLFI token, the Gas price on the Ethereum network witnessed a sharp and temporary increase. At the time of writing, it reached 126 Gwei.

Historical Data: Ethereum averaged a -5.75% return in September, while Bitcoin averaged a -3.55% return in September

On September 1st, according to Coinglass data, since 2016, Ethereum has had an average September return of -5.75%. In the past 9 years, only 4 of them have had a positive September return, which were in 2016, 2019, 2023, and 2024 respectively. Moreover, since 2013, Bitcoin has had an average September return of -3.55%. Among the past 12 years, only 4 have had a positive September return, which were in 2015, 2016, 2023, and 2024 respectively.

The high-profile Ethereum to Bitcoin (ETH to BTC) Whale conducted a significant swap, selling a total of 2000 BTC and purchasing 48,942 ETH over a period of nearly 4 hours.

On September 1st, as monitored by LookOnChain, in the past 4 hours, the highly prominent BTC whale that has been swapping ETH has sold an additional 2,000 BTC (valued at $215 million) and purchased 48,942 ETH (also valued at $215 million). He has now amassed a total of 886,371 ETH (amounting to $4.07 billion).

0xSun: If Ethereum cannot sustain its lead in the market, we may consider ending the "long ETH, short various altcoins" strategy

On September 1st, Smart Money, the crypto KOL 0xsun.sol (@0xSunNFT) summarized the "Long ETH, Short Shitcoins" strategy on social media. They said, "In general, this strategy has been very successful, especially when facing market volatility. In the last few days of August, due to SOL's sudden strength, which led the altcoins, the profits of the strategy suffered some drawdowns. We will continue to observe. If this situation persists for a while and ETH cannot lead the market, we can consider taking profits." Furthermore, regarding on-chain operations, 0xSun mentioned, "Currently, because the listing channel cannot be opened, there is a limited ceiling. It is still a good choice for small funds, but the cost-effectiveness for large funds is too low. Liquidity injection is needed, or some iconic events to open up the ceiling to improve this situation."

In August, the US Ethereum Spot ETF saw a record inflow of $3.87 billion.

September 1st - During the month of August, the US Ethereum spot ETF witnessed a record-breaking net inflow of $3.87 billion. In contrast, the Bitcoin spot ETF experienced a net outflow of $0.751 billion during the same period. (Cointelegraph)

Binance has announced WLFI's contract addresses on Solana, BSC, and Ethereum chains

On September 1st, Binance announced that the WLFI token would be listed on WLFI with contract addresses on the Solana, BSC, and Ethereum chains. On the Solana Network: WLFinEv6ypjkczcS83FZqFpgFZYwQXutRbxGe7oC16g. On Ethereum: 0xdA5e1988097297dCdc1f90D4dFE7909e847CBeF6. On BSC: 0x47474747477b199288bF72a1D702f7Fe0Fb1DEeA.

If Ethereum breaks through $4500, the mainstream CEX cumulative short liquidation intensity will reach 879 million.

On September 1st, according to Coinglass data, if Ethereum breaks through $4,500, the cumulative short liquidation intensity of mainstream CEX will amount to 879 million. Conversely, if Ethereum drops below $4,300, the cumulative long liquidation intensity of mainstream CEX will reach 620 million. BlockBeats Note: The liquidation chart does not display the precise number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, the intensity. Therefore, the liquidation chart shows to what degree reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense response due to a liquidity cascade.

WLFI transferred 10 million USDC from Ethereum to Solana cross-chain and purchased 24,394 SOL

On September 1st, according to EmberCN's monitoring, the wallet address of the WLFI team transferred 10 million USDC from Ethereum to the Solana network 5 hours ago. Subsequently, 5 million USDC was used to purchase 24,394 SOL. This is likely in anticipation of providing liquidity for WLFI on the Solana network.

Ethereum Drops Below $4400

On September 1st, based on HTX market data, Ethereum dropped below $4400 and is currently trading at $4385.38, with a 24-hour percentage change narrowing to 0.21%.

If Ethereum surpasses $4550, the mainstream CEX cumulative short liquidation pressure will reach $1.173 billion

On September 1st, according to Coinglass data, in the event that Ethereum breaks through $4550, the total short liquidation strength of mainstream CEX will amount to 1.173 billion. Conversely, if Ethereum drops below $4400, the total long liquidation strength of mainstream CEX will reach 1.012 billion. BlockBeats Notes: The liquidation chart does not display the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, the strength. Therefore, the liquidation chart shows to what degree the target price will be influenced when it reaches a certain position. Higher "liquidation bars" indicate that when the price reaches that point, it will experience a more intense response due to a liquidity cascade.

Greeks.Live: Market Sentiment Shows Clear Divergence, with a Focus on Ethereum's Recent Relative Strength and Fund Flows

On August 31st, GreekLive issued its daily market summary, stating, "There is a clear division within the community regarding the current bull market. Some members are questioning the absence of the quick-rich effect that is typical of a traditional bull market in this halving cycle. Meanwhile, others point out that Bitcoin has witnessed a significant rise from $20,000 to $120,000 and Ethereum from $1,400 to $4,900. The community is widely focusing on Ethereum's recent relative strength and the changing fund flows on exchanges. There has been an increase in Bitcoin inflows and a decrease in Ethereum outflows."

Analyst: Ethereum Short-term Bearish, Potential for a Breakthrough of $4,600 Resistance Level and a Run at $5,000

On August 31st, the crypto analyst @ali_charts mentioned that if Ethereum's 4-hour closing price exceeds $4,500, it will signify a breakout of the recent high downward trend line, suggesting that bullish momentum may be on the rise. The next significant resistance level is at $4,600. If Ethereum can successfully break through this level, it may open the way for a retest of $5,000. Nevertheless, currently Ethereum is still trading within the middle of the channel, following the downward trend line. The SuperTrend indicator still shows a sell signal. Unless Ethereum can regain $4,500 and transform it into a support level, it remains bearish in the short term.

Ethereum Network Stablecoin Supply Surpasses $160 Billion, Reaching an All-Time High

On August 31st, according to the data from Token Terminal, the supply of stablecoins on the Ethereum network has exceeded $160 billion and reached a new record high. The supply of stablecoins has more than doubled since January 2024.

Ethereum PoS Network Exit Queue Decreases to Around 966,000 ETH, Entry Queue Increases to Around 773,000 ETH

On August 31st, based on the data from the Validator Queue tracking website "validatorqueue", it is currently reported that the exit queue of the Ethereum PoS network is 966,000 ETH. Calculated at the current price, approximately $4.25 billion worth of ETH is leaving the PoS network. The withdrawal delay is currently reported to be 16 days and 19 hours. At the same time, there is a growing demand for staking activations by new validators. The current entry queue is 773,000 ETH, worth around $3.4 billion, and the waiting time in the entry queue is 13 days and 10 hours.

In August, Ethereum On-Chain DEX Trading Volume Surpassed $140.1 Billion, Setting an All-Time Monthly Record

On August 31st, based on Defillama data, the monthly on-chain DEX trading volume on the Ethereum network in August exceeded $140.1 billion, establishing a new all-time high monthly record. The number of active addresses reached 16.77 million, which also set a new monthly record high. The TVL of Ethereum is currently reported to be $92.58 billion and still needs to increase by approximately 17% from the end-of-year 2021 bull market peak of around $108.8 billion.

The high-profile Ethereum-to-BTC whale has once again moved 1000 BTC into Hyperliquid, worth $109 million.

The Ethereum Community Fund has announced the tokenization of already burned ETH into BETH to provide a new proof of burn.

On August 31st, the Ethereum Community Foundation announced the tokenization of the burned ETH into BETH, presenting a new Ethereum Burn Proof Token. Each BETH token symbolizes ETH that has been verified to have been removed from circulation, thereby establishing a transparent and auditable burn record. Ethereum co-founder and Consensys CEO Joseph Lubin retweeted, expressing his great appreciation for the team's efforts.

Ethereum Surges Past $4400, with a 24-hour Gain of 1.09%

On August 31st, based on HTX market data, Ethereum witnessed a rebound and managed to break through $4400, showing a 24-hour growth rate of 1.09%.

Ethereum Co-founder: ETH Price Could Surge 100x in the Future, or Even More

On August 30th, Joseph Lubin, the co-founder of Ethereum and the CEO of ConsenSys, stated that Wall Street will participate in staking because they are currently incurring costs for their infrastructure. Ethereum will replace many of the independent systems they operate (for example, JPMorgan Chase may operate multiple independent systems from banks it has acquired and absorbed). Wall Street firms will need to transform into traditional financial companies operating on a decentralized track, which means engaging in staking, running validation nodes, operating L2/L3, participating in decentralized finance (DeFi), and writing smart contracts for protocols, processes, and financial tools. The perception that L2 will cannibalize L1 will soon be disproven, as demonstrated in projects like Linea and Proof of Burn. The price of ETH may increase by 100 times or even more in the future. ETH will surpass BTC as the monetary base. Tom Lee and I have a good relationship, and the only difference

China Financial Leasing Group has disclosed its investment in BlackRock and a Hong Kong-listed Bitcoin and Ethereum ETF.

On August 30th, as per an announcement from the Hong Kong Stock Exchange, the Hong Kong-listed company China Financial Leasing Group presented its interim performance report dated June 30, 2025. The report revealed that the continuous weakness of the US dollar has led to the strengthening of Bitcoin. The company has started to pay attention to the cryptocurrency market and has begun to make investments in the cryptocurrency industry. Specifically, it is holding physical cryptocurrency instead of synthetic products on relevant exchanges and trading platforms. The current main investments comprise: South East England Hong Kong Dollar Money Market ETF, BlackRock iShares Bitcoin Trust ETF, Huaxia Bitcoin ETF, iShares Ethereum Trust ETF. Previously reported, Cai Wensheng acquired shares of China Financial Leasing at a premium and will focus on AI, Web3, and Hong Kong technology incubation.

Ethereum PoS Network Exit Queue reduced to around 1.024M ETH, while Entry Queue increased to around 0.808M ETH

August 30th. According to the Validator Queue tracking website "validatorqueue", it is reported that the current exit queue of the Ethereum PoS network is 1,024,545 ETH. Based on the current price, approximately $4.45 billion worth of ETH is leaving the PoS network, and the withdrawal delay is currently 17 days and 19 hours. At the same time, there has been a growth in staking demand from new validators. The staking queue for today has increased to 808,910 ETH, with a value of around $3.51 billion. The current queuing time for admission is 14 days and 1 hour.