Ethereum (ETH) — Onchain News & Whale Tracking

Tom Lee: BitMine Nearing '5% of Ethereum Supply' Goal, May Slow ETH Purchases

May 8 — BitMine Chairman Tom Lee said at Consensus 2026 on Wednesday that the Ethereum treasury firm may slow its ETH purchases as it nears its accumulation target. The company currently holds over 5.1 million ETH, valued at ~$11.9 billion at current prices. Lee noted BitMine originally planned to take 5 years to accumulate 5% of total ETH supply—but now holds 4.29% (achieved in less than 1 year). At its current weekly rate of 100,000 ETH, the firm will hit the 5% target in ~6 weeks; Lee added they’re considering a slower pace. This marks a tone shift for BitMine, one of the few large digital asset treasury firms still actively buying crypto amid a downturn (many rivals have paused accumulation). MicroStrategy (MSTR)—the top corporate Bitcoin holder, which has been accumulating for months—said this week it may sell BTC to cover dividend obligations, per CEO Michael Saylor’s suggestion. Lee emphasized BitMine remains profitable via staking rewards and cash flow, reducing pressu

Tom Lee provides Ethereum Three-Tier Price Target: $22,000 as Base Case, $25,000 as High Case

**BitMine & Tom Lee Crypto Updates (May 8)** The first Ethereum treasury, BitMine, announced at Consensus Miami 2026 it’s currently purchasing ~100,000 ETH weekly. At this pace, the firm is on track to hold 5% of Ethereum’s total supply in 6 weeks—but it’s weighing slowing buys to redirect capital toward a $4 billion buyback plan. BitMine’s key metrics: - Annual staking income: >$300 million - Daily overall cash flow: >$1.2 million - Cash reserves: ~$700 million **Tom Lee’s Market Outlook & ETH Targets** Tom Lee shared his crypto outlook: If Bitcoin closes above $76,000 at May’s end, it will rally for 3 months—marking the bear market’s official end. His Ethereum price targets: 1. BTC = $250k + ETH/BTC back to 2021 highs → ~$22k 2. ETH/BTC hits ultra-optimistic 0.25 → ~$62k 3. Large tokenization boom + ETH as a core settlement layer → ~$250k This version uses concise, conversational language typical of U.S. crypto news, with clear sectioning for readabilit

Ethereum Falls Below $2,300, 24-hour Loss of 2.9%

On May 7th, Ethereum fell below $2,300, according to HTX market data, with a 24-hour drop of 2.9%.

On Ethereum, the meme coin Sato has plummeted over 60% from its peak, and its market capitalization now stands at $14.8 million.

On May 7, per GMGN data (link: https://t.me/gmgnaibot?start=i_m4TE56o8), Ethereum-based meme coin Sato saw its market cap plummet over 60% today after hitting a peak of $38.5 million. The coin’s current market cap stands at $14.8 million, with a 24-hour trading volume of $13.1 million. BlockBeats Note: Meme coins are extremely volatile, heavily tied to market sentiment and hype, and lack inherent value or real-world use cases. Investors should exercise caution when engaging with these assets, as significant risks are involved.

The Ethereum-based Meme Coin Sato has reached a market capitalization of $43.95 million

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $46.2 million, while the Ethereum ETF saw a net inflow of $11.5 million.

May 7: US Bitcoin spot ETFs recorded net inflows of $46.2 million yesterday, per Farside Investors data. Fund-specific flows: - BlackRock IBIT: +$134.6M - Fidelity FBTC: -$39.0M - Bitwise BITB: -$25.2M - Franklin EZBC: -$7.1M - Grayscale GBTC: -$17.1M Additionally, US Ethereum spot ETFs posted net inflows of $11.5 million yesterday. Fund breakdown: - BlackRock ETHA: +$2.1M - Fidelity FETH: -$0.6M - Grayscale Mini ETH: +$10.0M

Meme Coin Sato's Market Cap on Ethereum Surpasses $25 million, with a 24-hour Price Increase of 440%

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $467 million, while the Ethereum ETF saw a net inflow of $97.5 million.

On May 6, per data from Farside: - U.S. Bitcoin spot ETFs saw net inflows of $467 million yesterday, broken down as: BlackRock IBIT: +$251M Fidelity FBTC: +$133M Bitwise BITB: +$14.6M ARK ARKB: +$92.3M VanEck HODL: -$5.8M Grayscale GBTC: -$18.4M - U.S. Ethereum spot ETFs recorded net inflows of $97.5 million yesterday, with the following breakdown: BlackRock ETHA: +$69.5M BlackRock ETHB: +$2.4M Fidelity FETH: +$24.2M 21Shares TETH: +$1.4M

An Ethereum whale is suing Coinbase for not returning $55 million stolen funds

A crypto whale filed a lawsuit against Coinbase in San Francisco federal court this month, accusing the exchange of refusing to return funds stolen in 2024. The anonymous victim, based in Puerto Rico, lost over $55 million worth of DAI stablecoin in an August 2024 phishing attack. At the time, the hacker gained control of the victim’s wallet by mimicking a DeFi Saver login page, quickly transferred the funds, and laundered them via a coin mixer. The victim hired multiple on-chain investigation firms to trace the assets, ultimately finding some of the stolen funds had flowed into a Coinbase account. While Coinbase froze the related funds in December 2024, it has since refused to return them—claiming only a court order can unlock the assets. The lawsuit notes Coinbase’s initial freeze was justified but argues withholding the funds after the victim provided sworn proof of ownership was unreasonable. Coinbase has not yet publicly responded to the allegations.

Ethereum-Based ASTEROID Surges Nearly 43% in 24 Hours, Reaching a Market Cap of $180 million

On May 5, data from GMGN shows the on-chain meme coin ASTEROID has surged nearly 43% in the past 24 hours, with a market cap hitting $180 million and 24-hour trading volume reaching $23.4 million. Per reports, the meme coin ASTEROID’s origin story traces back to 15-year-old Liv Perrotto. Before her passing, her greatest wish was to meet Elon Musk, and she helped design a Shiba Inu-shaped plush toy named “Asteroid.” Following her death, her mother publicly reached out to Musk, and the story gained traction on Glenn Beck’s show (hosted by the renowned media personality). On April 19, Musk greenlit “Asteroid” as SpaceX’s official mascot. BlockBeats cautions users: Meme coin trading is extremely volatile, largely driven by market sentiment and speculative hype, with no underlying value or practical use cases. Investors should exercise extreme caution regarding associated risks.

An address acquired 254,000 SATO tokens at an average price of $0.5, becoming the second-largest holder on the Ethereum blockchain.

On May 4th, per LookOnChain data, a whale wallet (address: 0x2daa0456786a065ee17d1edacc231f9acd6f018b) — which previously netted $1.3M in profits from ASTEROID — spent 53.6 ETH (≈$127k) to purchase 254,000 SATO at $0.5 each. This makes it the second-largest SATO holder on the Ethereum network.

Ethereum Completes Glamsterdam Upgrade, Gas Limit Increased to 200 Million to Boost On-Chain Scalability

On May 4th, Ethereum announced it successfully completed the **Glamsterdam Upgrade** on May 1st—marking the largest capacity expansion in its history by raising the block gas limit from 60 million to 200 million. This adjustment significantly boosts on-chain throughput, lowers costs for complex smart contract interactions, and aims to strengthen the high-performance public chain’s competitiveness. To tackle state bloat and operational strain on nodes from the expansion, the upgrade introduces **Verkle Trees** and a **State Expunging mechanism**: nodes can prune historical data older than one year and offload it to decentralized storage/archive nodes, keeping validator hardware requirements manageable. A **base fee smoothing mechanism** is also rolled out to mitigate gas fee volatility risks. The expansion has major Layer 2 ecosystem implications: thanks to reduced mainnet data settlement costs, Rollup costs are projected to drop by roughly 70%, spurring fee competition among l

Ethereum Mainnet Hits All-Time High in Monthly Transaction Volume in April, Totaling 72.8 Million Transactions

On May 2nd, data revealed Ethereum’s mainnet hit an all-time high in monthly transaction volume for April, totaling 72.8 million transactions. A breakdown by transaction type is below: - Token Transfers: 62% - Utility: 13% - Financial: 8% - Cross-chain: 2% - Other: 15%

Yesterday, the United States Bitcoin spot ETF saw a net inflow of $629.8 million, while the Ethereum ETF saw a net inflow of $101.2 million.

On May 2nd, per Farside data, U.S. Bitcoin spot ETFs recorded a net inflow of $629.8 million yesterday—IBIT pulled in $284.4 million, while FBTC added $213.4 million. Ethereum ETFs posted a net inflow of $101.2 million, with FETH attracting $49.4 million and ETHA taking in $43.2 million.

Ethereum Foundation Sells Another 10,000 ETH to BitMine at an Average Price of $2,292.15

On May 2, the Ethereum Foundation announced it sold 10,000 ETH to BitMine — Ethereum’s largest treasury company — through an over-the-counter (OTC) platform, at an average price of $2,292.15 per ETH.

Ethereum Foundation's affiliated wallet deposits 1,744 ETH into Kraken, worth $4.03 million

May 1: An Ethereum Foundation-linked wallet deposited 1,744 ETH (valued at $4.03 million) to Kraken, per OnchainLens monitoring.

Ethereum Rises Above $2,300, 24-hour Gain of 1.4%

On May 1st, Ethereum has climbed back above the $2,300 mark, posting a 1.4% gain over the past 24 hours, per HTX market data.

Yesterday, Bitcoin ETF saw a net inflow of $23.5 million, while Ethereum ETF experienced a net outflow of $23.7 million.

On May 1, per Farside Investors monitoring data, U.S. Bitcoin spot ETFs saw a net inflow of $23.5 million yesterday. IBIT recorded a net inflow of $19.1 million, while FBTC had a net inflow of $26.6 million. Ethereum ETFs posted a net outflow of $23.7 million, with ETHA registering a net outflow of $50.6 million.

Hundreds of Ethereum Long-Term HODL Addresses Hacked, Reasons Unknown

**May 1 Update** Crypto analyst Wazz says hundreds of Ethereum mainnet wallets—many dormant for over 7 years—have been drained by the same address since yesterday. Aragon team member @TheTakenUser also confirmed in a post that funds from the project’s wallet were transferred for unknown reasons. The root cause of the incident is still unconfirmed. Community analysis points to possible factors: leaks of old mnemonics or private keys (2017–2020), issues with storage tools like LastPass, or prior risky authorizations—not a new smart contract vulnerability.

Historical Data: Crypto May Promises Excitement, Ethereum Outperforms Bitcoin

On May 1, the crypto market closed out April on a stable note. Bitcoin staged a strong rebound amid a highly uncertain macro backdrop, posting an 11.87% monthly gain. After five consecutive daily losses, it notched two straight daily gains. Historically, Bitcoin has logged 7 up months and 6 down months in May, with an average return of 7.61%. Notably, Ethereum has significantly outperformed Bitcoin in the fifth month: it’s posted 7 gains and 3 losses, and notched at least 40% gains in 2016, 2017, 2019, and 2025. Overall, Ethereum’s average May return stands at 28.45%.

Arbitrum DAO has commenced voting on the release of frozen Ethereum funds

Arbitrum DAO launched a vote on Monday, May 1, regarding the release of stolen ETH frozen by the protocol following the Kelp DAO hack. The proposal calls for establishing a multi-signature (multi-sig) address with signers including Aave Labs, KelpDAO, Certora, and EtherFi. This address will be used exclusively for recovery efforts once it receives the frozen ETH held by Arbitrum. As of now, the proposal holds a 100% approval rate. Voting is scheduled to conclude on May 8 at 2:54 a.m. Beijing Time.

Ethereum-based ASTEROID Surges Nearly 30% in 24 Hours, Market Cap Reaches $164 million

May 1st — Per GMGN data (link: https://gmgn.ai/eth/token/i_m4TE56o8_0xf280b16ef293d8e534e370794ef26bf312694126), the Ethereum-based meme coin ASTEROID has surged nearly 30% over the past 24 hours. Its market cap stands at $164 million, with 24-hour trading volume hitting $12 million. The story behind ASTEROID traces to 15-year-old Liv Perrotto. Her final wish before passing away was to meet Elon Musk, and she designed a Shiba Inu-shaped doll named "Asteroid." After her death, her mother publicly appealed to Musk, and the narrative was amplified by prominent media personality Glenn Beck on his show. On April 19th, Musk agreed to make Asteroid the official mascot of SpaceX. BlockBeats reminds users: Meme coin trading is highly volatile, often driven by market sentiment and hype, with no real-world value or use case. Investors should exercise caution and be fully aware of the risks.

Yesterday, the US Bitcoin spot ETF saw a net outflow of $137 million, while the Ethereum ETF saw a net outflow of $87.89 million.

April 30th data from Farside monitoring shows U.S. Bitcoin spot ETFs posted **net outflows of $137 million** on the prior day, with major fund breakdowns below: - BlackRock IBIT: -$54.7M - Fidelity FBTC: -$36.1M - ARK ARKB: -$30M - Franklin Templeton EZBC: -$6.5M - Morgan Stanley MSBT: +$10.8M (only inflow in the group) - Grayscale GBTC: -$21.5M Separately, U.S. Ethereum spot ETFs recorded **net outflows of $87.89 million** on the same prior day, with key fund figures: - BlackRock ETHA: -$37.1M - BlackRock ETHB: -$2.3M - Fidelity FETH: -$48.4M This structure aligns with U.S. financial news conventions—concise, data-focused, and clear on time context (linking April 30th’s report to the prior day’s flows).

Ant Group's Self-developed zkDTVM Tops Ethereum Global Benchmark Evaluation EthProofs

On April 30, Ant Group’s self-developed zero-knowledge proof virtual machine (zkDTVM) claimed global first place in Ethereum’s EthProofs benchmark evaluation — compressing block proof speed to 3.7 seconds under unified hardware and testing rules, breaking the prior industry record of 4.2 seconds. In blockchain’s layered architecture, zkVMs play a critical role in packaging and verifying transactions, where proof speed directly determines a system’s throughput limit. The industry has long targeted “real-time proof” as a high-throughput validation goal, but practical implementation has faced persistent bottlenecks; controlling block proof speed under 10 seconds is already recognized as an excellent standard. This new global record underscores Ant Group’s ongoing global leadership in core blockchain technology. Moreover, the advancement unlocks new capabilities to support trusted interoperation between smart entities.

Ronin will migrate to Ethereum to become an Optimistic Rollup Layer 2, and RON inflation will decrease to less than 1%.

April 29th — Gaming public chain Ronin announced it will migrate to Ethereum Layer 2 on May 12, with roughly 10 hours of downtime for on-chain operations during the transition. Normal operations will resume post-migration. The new underlying architecture will be built on the OP Stack, integrating EigenDA as its data availability (DA) layer. Users are advised to unbond their RON stakes before the May 12 migration; otherwise, the system will automatically unbond stakes after the migration completes. The core goal of the move is to leverage Ethereum’s security, data availability, and finality, while bringing mature on-chain gaming infrastructure to the Ethereum ecosystem. As the underlying network for popular titles like Axie Infinity and Pixels, Ronin calls this a key milestone in its ecosystem development. Post-migration changes include: - RON’s annual inflation rate dropping from over 20% to below 1% - The treasury receiving ongoing revenue from staking, Sequencer net proc

An Ethereum Whale is Suspected to Have Sold Off 3700 ETH, Potentially Profiting $1.328 million

**April 29** On-chain analyst Ai Whale (@ai_9684xtpa) reports a whale that accumulated 3,700 ETH in February at ~$1,973 each is suspected to have closed out its position, netting an estimated $1.328 million in profit. The address 0xfda…39f26 deposited 3,418 ETH (worth ~$7.98 million) to Binance an hour ago—this same address also made a deposit on April 26. If the latest deposit is for a sell order, the whale will fully exit the market after this transaction, with an average deposit price of ~$2,332, translating to an 18.2% return over two months.

Yesterday, the US Bitcoin spot ETF saw a net outflow of $89.7 million, while the US Ethereum spot ETF saw a net outflow of $21.8 million.

On April 29th, Farside Investors reported that U.S. Bitcoin spot ETFs registered a net outflow of $89.7 million yesterday, while U.S. Ethereum spot ETFs saw a net outflow of $21.8 million.

A certain Ethereum OG whale has transferred for the first time in 10 years 10,000 ETH, worth approximately $22.88 million.

April 29 — EmberCN monitoring shows a whale that participated in Ethereum’s 2015 ICO (and received 10,000 ETH) made its first transfer 20 minutes ago after holding the tokens for 10 years. The whale sent all 10,000 ETH (valued at roughly $22.9 million) to address 0xCD59. Back in 2015, ETH’s ICO price was $0.311, so the 10,000 ETH was worth just $3,110 then. It has since surged to $22.88 million.

Ethereum Ecosystem Token uPEG Market Cap Surges Temporary to Over $12 Million, Reaching an All-Time High

As of April 29, per GMGN market data, the Ethereum ecosystem token uPEG briefly topped a $12 million market cap, hitting a new all-time high. It now trades at a $11.22 million market cap, with a 24-hour gain of 52.7% and $3.7 million in 24-hour trading volume. Public records show Unipeg (its native token uPEG) centers on on-chain assets built using Uniswap V4 Hooks. Every transaction instantly generates a unique 24×24 SVG pixel art unicorn—no artist involvement or minting required, as the process is fully on-chain driven. As previously reported, on April 25, OpenSea CMO Adam Hollander bought a small amount of uPEG, stating: “I’m just interested in this concept and wanted to experiment.” This move briefly triggered a more-than-3x surge in uPEG’s price. BlockBeats advises users that prices of associated tokens are highly volatile; invest with caution.

Yesterday, the US Bitcoin spot ETF saw a net outflow of $263 million, while the US Ethereum spot ETF saw a net outflow of $50.4 million.

April 28th — Data from Farside Investors indicates U.S. Bitcoin spot ETFs saw a net outflow of $263 million yesterday, with the following breakdown: - Fidelity FBTC: -$150 million - Bitwise BITB: -$8.8 million - ARK ARKB: -$43.3 million - VanEck HODL: -$14.1 million - Grayscale GBTC: -$46.6 million Separately, U.S. Ethereum spot ETFs posted a net outflow of $50.4 million yesterday, including: - BlackRock ETHA: -$13.8 million - BlackRock ETHB: +$11.8 million - Fidelity FETH: -$48.4 million ### Notes on alignment with American English habits: 1. **Concise structure**: Opens with date + core data (standard for financial briefs). 2. **Verb choice**: Uses "indicates" (neutral, authoritative) and "posted" (common in financial reporting for fund flows). 3. **Clarity**: Separates Bitcoin/Ethereum sections with "Separately" to avoid confusion. 4. **Correction**: Fixed "Btwise" to **Bitwise** (the correct name of the U.S.-based crypto asset manager, aligning with i

Ethereum briefly dropped below $2,300, with a 2.01% decrease in the last 24 hours.

April 27: Per HTX data, Ethereum briefly fell below $2,300, down 2.01% in the past 24 hours, and is currently trading at $2,298.

Following this morning's brief spike above $2,400, an Ethereum whale was liquidated twice and lost $2.39 million in the process.

April 27: Per data from Hyperinsight monitoring (link: https://t.me/HyperInsight), ETH saw a short-term surge above $2,400 during this uptrend. A whale with the address starting with 0x5bc on Hyperliquid had their ETH short position trigger two consecutive large liquidations—totaling 1,000 ETH (roughly $2.395 million) liquidated and incurring a loss of approximately $68,000. This short was opened last night. Meanwhile, the same address also initiated a 20x leveraged short position on BTC, totaling 50 BTC (≈ $3.95 million), with a liquidation price of $80,662. Address: 0x5bcb085d7fadba61507a3aee9e832cbfa331f5dd

Tether issued 3 billion USDT on the Ethereum network last week

On April 24th, LookOnChain’s monitoring data indicates Tether minted 3 billion USDT on the Ethereum network last week. Separately, AbraXas Capital received 2.89 billion USDT from the Tether Treasury over the past seven days.

Yesterday, the US Bitcoin spot ETF saw a net inflow of $223.3 million, while the Ethereum ETF experienced a net outflow of $75.9 million.

April 24 — Farside monitoring data shows U.S. Bitcoin spot ETFs recorded a net inflow of $223.3 million yesterday, while Ethereum spot ETFs posted a net outflow of $75.9 million.

The $9.87 Billion Nominal Value Bitcoin and Ethereum Options Will Expire on April 24th

On April 24, Greeks.live shared April 24 options expiration data on social media: - 109,000 BTC options expired, with a put-call ratio (PCR) of 0.93, max pain at $72,000, and nominal value of $8.55 billion. - 563,000 ETH options expired, with a PCR of 0.72, max pain at $2,200, and nominal value of $13.2 billion. This week, markets extended their rebound: Bitcoin surged past $78,000, Hong Kong’s Web3 Summit buzzed with bullish sentiment, and the altcoin market heated up. Notably, this is a monthly expiration cycle, with 25% of options set to expire now. For open interest maturity breakdown, 12% of outstanding contracts expire end-May, while 24% expire end-June. Key options metrics: - Bitcoin’s front-month implied volatility (IV) has trended lower this month, with most tenors down 1–2 percentage points to below 40%. - Ethereum’s front-month IV has fallen further, currently ~60%. Despite price gains, skew has eased, and there’s no sign of FOMO (fear of missing out) in

Aave: The rsETH Reserve has been paused on the Ethereum mainnet, Arbitrum, and other networks to facilitate fund recovery

April 23 — Aave published an update on the rsETH incident: "The rsETH reserve has been suspended across Ethereum mainnet, Arbitrum, Base, Mantle, and Linea. This step aligns with the fund recovery plan aimed at reclaiming as much of the funds as possible. The community will be kept informed of progress as the follow-up process continues."

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $335.8 million, while the Ethereum ETF saw a net inflow of $96.4 million.

On April 23, per Farside data, yesterday saw net inflows of $335.8 million into U.S. Bitcoin spot ETFs and $96.4 million into Ethereum ETFs.

GMGN Genesis: Web Portal Rollout of Updates to Enhance Ethereum Mainnet User Experience

On April 22, GMGN co-founder Haze posted on X (formerly Twitter) that, in response to the recent meme trend on the Ethereum mainnet, the GMGN platform is actively enhancing user experience for Ethereum’s mainnet. Key web-side updates include: - Ethereum (ETH) supports limit orders and advanced trading strategies - ETH profit and loss (P&L) tracking works across multiple wallets - ETH multi-wallet transactions are now available - One-click transaction functionality is supported - The first round of ETH optimization has been completed (further optimizations are ongoing)

Vitalik: Ethereum System Simplification Key, Focus on Hardware Layer Development

April 22: In a chat with Xiao Feng, Vitalik noted that Ethereum is built on a layered structure—including protocol and application layers. A single layer isn’t sufficient, so Ethereum also prioritizes the hardware layer and security. Vitalik also stressed the importance of system simplicity for Ethereum: excessive complexity can cut down on user and developer participation, and it can lead to a subpar user experience.

Ethereum On-Chain Meme Coin WOJAK Hits New All-Time High Market Cap, Surging 110% in 24 Hours

Ethereum Surges Above $2,400 on a 3.9% 24-hour Gain

On April 22, Ethereum has surged above $2,400, currently trading at $2,402, per HTX data—with a 24-hour gain of 3.9%.

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $11.8 million, while the Ethereum Spot ETF saw a net inflow of $43.4 million.

April 22nd — Per Farside monitoring, U.S. Bitcoin spot ETFs registered a net inflow of $11.8 million yesterday (April 21st), with the following breakdown: - BlackRock IBIT: +$39.3 million - Fidelity FBTC: -$6.6 million - Bitwise BITB: -$12.7 million - ARK ARKB: -$14.5 million - VanEck HODL: -$4.3 million - Morgan Stanley MSBT: +$10.8 million - Grayscale GBTC: -$17.5 million - Grayscale Bitcoin Mini BTC: +$17.3 million U.S. Ethereum spot ETFs, by contrast, posted a net inflow of $43.4 million yesterday, with the breakdown below: - BlackRock ETHA: +$37 million - BlackRock ETHB: +$15.5 million - Fidelity FETH: -$2.9 million - Bitwise ETHW: +$2 million - Grayscale ETHE: -$12.1 million - Grayscale Ethereum Mini ETH: +$3.9 million

On-chain Meme Coin FLORK on the Ethereum blockchain briefly surpasses a $10 million market cap, with a 24-hour price surge of 1800%.

On April 22, GMGN monitoring data shows that the market capitalization of FLORK—an Ethereum-based meme coin—surged from $120,000 this morning to over $10 million in a short span, peaking at $10 million. It currently sits at $7.2 million, with a 24-hour gain of 1,800% and a corresponding trading volume of $8.7 million. BlockBeats reminds users that meme coin trading is highly volatile, primarily driven by market sentiment and hype, with no actual intrinsic value or use case. Investors should be aware of the associated risks.

Coinbase: Ethereum, Solana, and Other PoS Chains May Face Quantum Risk

On April 22, Decrypt reported that the Coinbase Quantum Computing and Blockchain Independent Advisory Board issued a report Tuesday warning Proof-of-Stake (PoS) blockchains could face heightened future quantum attack risks—sufficiently powerful quantum computers may eventually break the cryptographic signatures protecting these networks. PoS networks like Ethereum and Solana rely on such signatures: Ethereum validators use BLS signatures, while Solana validators and users use Ed25519 signatures to enable block agreement and consensus maintenance. The board stated: “Validator signature schemes for PoS chains carry exposure risks, meaning the challenge isn’t just upgrading wallets—parts of the core consensus mechanism itself may need redesign.” The report highlighted recent Ethereum developer work, including co-founder Vitalik Buterin’s February proposal to replace BLS validator signatures with quantum-resistant alternatives: KZG commitments and ECDSA wallet signatures. The c

Tether Mints 1 Billion USDT on Ethereum Network

On April 21st, per Onchainlens data, Tether minted 1 billion USDT (1B USDT) on the Ethereum network just 4 minutes ago. Additionally, Tether has minted a total of 2 billion USDT (2B USDT) on Ethereum over the past two days.

Analysis: Ethereum Taker Buy/Sell Ratio on Binance Reaches Highest Level Since Early 2023, Market Bullish Sentiment Returns

April 21st: Crypto analytics platform Cryptoonchain shared social media data showing the 50-day Simple Moving Average (SMA) of Ethereum’s Taker Buy/Sell Ratio on Binance has climbed to 1.018—its highest level since early 2023. A ratio above 1 means active buy volume is far outpacing active sell volume, underscoring aggressive demand in the derivatives market and a sharp resurgence of bullish sentiment. Should this momentum hold, it would lay a solid fundamental foundation for a medium-term price rally.

Oversea-Chinese Banking Corporation (OCBC) has launched a tokenized physical gold fund on Ethereum and Solana.

April 21st — Lion Global Investors, the asset management arm of Singapore’s OCBC Bank (one of the country’s largest lenders), has launched a tokenized physical gold fund. Its underlying token, GOLDX, is now live on both the Ethereum and Solana blockchains. Targeted at institutional investors, hedge funds, and asset management firms, GOLDX can be traded with stablecoins and fiat currencies. Upon subscription, tokens are delivered directly to investors’ blockchain wallets. OCBC Head of Global Markets Kenneth Lai noted the move aligns with the bank’s new strategy to “bridge traditional finance and the growing decentralized finance (DeFi) ecosystem.” The tokenized fund is also designed to attract Web3 participants and high-net-worth individuals (HNWIs). GOLDX offers on-chain exposure to LionGlobal’s Singapore Physical Gold Fund, which launched in December 2023 and held ~$525 million in assets under management (AUM) as of April 16. Industry data shows tokenized real-world assets (R

Aave: WETH Reserve on Ethereum Core V3 Market Unfrozen

April 21 Update: Aave Resolves WETH Reserve Unfreeze on Ethereum Core V3 Amid rsETH Exploit Aave has released an official update on the rsETH exploit incident as of April 21: - WETH reserves on the Ethereum Core V3 market have been unfrozen, enabling users to resume supplying WETH to this market. - The loan-to-value (LTV) ratio for WETH remains at 0. - WETH reserves across Ethereum Prime, Arbitrum, Base, Mantle, and Linea remain frozen. - Aave protocol administrators will proceed with next steps and share further updates in a timely manner.

Yesterday, the US Bitcoin spot ETF saw a net inflow of $238.4 million, while the Ethereum spot ETF saw a net inflow of $67.8 million.

Per Farside data on April 21, U.S. Bitcoin spot ETFs recorded a net inflow of $238.4 million yesterday. BlackRock’s IBIT led with a net inflow of $256 million, while Grayscale’s GBTC posted a net outflow of $24.9 million. Separately, U.S. Ethereum spot ETFs saw a net inflow of $67.8 million yesterday. BlackRock’s ETHA brought in $76.1 million in net inflows, and BlackRock’s ETHB added $13.2 million in net inflows.

Tom Lee: Crypto Bear Market Nearing End, Ethereum Continues to Benefit from Two Bullish Narratives

On April 20, Bitmine Chairman Thomas “Tom” Lee stated: “We’re seeing growing signs the ‘Mini Crypto Winter’ is ending. With reduced downside risks tied to the U.S.-Iran conflict, ETH has rallied 41% from its early February low. Since the conflict began, ETH has outperformed the S&P 500 by 2,280 basis points and remains the top-performing global asset (excluding oil prices).” Ethereum continues to benefit from two key bullish narratives: Wall Street’s asset tokenization on blockchain and growing demand for a public, neutral blockchain for proxy AI systems. “In our view, ETH has emerged as the top ‘wartime store of value,’ and its market leadership since the conflict began carries significant weight,” Lee added. While many expect the crypto winter to linger until fall 2026, Lee’s team maintains the downturn is nearing its end. Every major crypto winter since 2015 has aligned with at least a 20% stock pullback: the 2025 crypto selloff coincided with a 20% S&P 500 drop, but the 2026