Ethereum (ETH) — Onchain News & Whale Tracking

Ethereum breaks through $1,800

According to HTX market data, Ethereum has broken through the $1,800 threshold, posting a 1.4% gain in the past 24 hours.

Vitalik proposes the "Minimalist Consensus Chain" plan: Reconstructing Ethereum's consensus layer using ZK-STARK, with the goal of supporting one million validators.

Ethereum co-founder Vitalik Buterin has released a new research paper titled "The Extremely Lean Chain," proposing a drastically streamlined design for Ethereum’s consensus layer. The plan leverages "Lean" upgrades including single-slot finality, recursive STARK proofs, and quantum-resistant signature aggregation to significantly reduce consensus chain state storage requirements, shifting most state management and zero-knowledge (ZK) proof responsibilities to validators. Vitalik argues that this proposal would eliminate the Beacon Chain’s current complex periodic state processing workflows, drastically cut system overhead, enable Ethereum to scale to millions of validators in the future, and also improve validator anonymity. Per the design, validators no longer need to store large amounts of data such as public keys, withdrawal credentials, activation and exit records on-chain long-term; instead, they only retain minimal core state like effective balances and public key indexes, while the rest of the data is submitted and verified periodically via STARK proofs. The proposal also introduces mechanisms like daily balance update proofs, ZK-STARK privacy protection, and daily re-randomization of validator identities, which enhance network scalability while further boosting privacy and censorship resistance. Vitalik noted that with an approximately one-day proof period, the scheme can complete proof generation on regular hardware, reduce on-chain burden through proof aggregation, and provide a new technical roadmap for the long-term expansion of Ethereum’s consensus layer.

EthLabs released its Week 2 update report, focusing on advancing Ethereum interoperability, PropAMMs, and financing progress.

EthLabs founder Barnabé Monnot (barnabé.eth) has published his "Week 2" update, recapping the team’s latest progress in the launch and funding phases, as well as key ecosystem discussion priorities. On interoperability, the team said it is growing more confident in "zero-knowledge (zk)-based asynchronous interoperability", which it believes will help build more secure cross-chain bridges and improve the native distribution of assets across Ethereum’s multi-layered networks. Current cross-chain paths still face latency issues, particularly for L2→L1 transfers; against this backdrop, the intents mechanism can act as a transitional solution, while L1’s ample liquidity supports matching with cross-chain solvers. Additionally, L1→L2 paths are expected to drastically cut confirmation latency via the Fast Confirmation Rule (FCR), with clients already beginning to integrate the mechanism. In ecosystem discussions, PropAMMs (proposal-based automated market makers) have emerged as a recent focus for multiple teams and researchers, centered on their potential to optimize the balance between L1 execution efficiency and block building. Meanwhile, ENS is highlighted as "critical Ethereum infrastructure", with the team continuing to engage relevant stakeholders to advance its development. For team expansion, EthLabs has received over 300 applications to date, having processed roughly 20% of them. The team aims to grow to around 10 members in the short term, and roughly 20 in the medium term, prioritizing talent with engineering capabilities and domain expertise. On the funding front, EthLabs noted its current financing round is nearing completion, having secured early backing from investors including BitMNR, Sharplink, and Ethereum Joseph. It plans to add 1–2 core investors before moving to the next phase.

Cooling Fed interest rate hike expectations drive Bitcoin, Ethereum, and gold to extend their rally.

After Federal Reserve Chair Kevin Warsh indicated that inflation risks are easing, markets are betting the U.S. Federal Reserve will delay further interest rate hikes, pushing up prices of Bitcoin, gold, and silver. Meanwhile, the U.S. dollar has held steady for now; traders expect the greenback to remain strong ahead of the release of the Fed’s FOMC meeting minutes, as they wait for more monetary policy cues. According to HTX market data, as of press time, Bitcoin’s spot price is $63,640.1, up 0.93% in 24 hours; Ethereum’s spot price stands at $1,786.6, with a 24-hour gain of 0.4%. Per Bitget market data, spot gold trades at $4,172.2, a 1.21% increase in the last 24 hours.

Ethereum’s net supply increased by 83,550 ETH over the past 30 days.

According to data from Ultrasound.money, Ethereum's net supply has increased by 83,550 ETH over the past 30 days, bringing its total supply to 121,838,278 ETH, with the current annual supply growth rate standing at 0.835%.

Ethereum Foundation grants 2,469 stETH tokens to Argot, worth approximately $4.34 million.

According to on-chain analyst Yu Jin’s monitoring, the Ethereum Foundation granted a 2,469 stETH grant to Ethereum non-profit development organization Argot one hour ago, worth approximately $4.34 million. Last July, the foundation provided Argot with a 3-year operational grant totaling 7,000 ETH. After receiving the funds, Argot sold 4,826.6 ETH at an average price of $3,194, netting 15.417 million USDC. Today, Argot received its fourth-year grant from the Ethereum Foundation, amounting to 2,469 stETH. The final fifth-year grant, also 2,469 stETH, will be sent to Argot next July. On-chain transaction records confirm the funds have been transferred to Argot’s associated address.

Current funding rates on major centralized (CEX) and decentralized (DEX) exchanges show that bearish momentum for Bitcoin (BTC) and Ethereum (ETH) is easing, with market sentiment remaining neutral to slightly bearish.

According to Coinglass data, current funding rates on major centralized (CEX) and decentralized (DEX) crypto exchanges show that the bearish sentiment for Bitcoin (BTC) and Ethereum (ETH) has weakened compared to earlier, but most platforms have not yet formed sustained bullish signals. Specifically, BTC funding rates on multiple platforms hover around the 0.0100% benchmark line, reflecting an overall neutral-to-weak pattern. For ETH, funding rates on multiple platforms have risen above the 0.005% threshold, with ETH’s long sentiment recovering slightly stronger than BTC’s, though no broad bullish signal has emerged yet. BlockBeats Note: Funding rates are fees set by crypto trading platforms to maintain the balance between perpetual contract prices and their underlying asset prices, typically applied to perpetual swaps. They function as a fund exchange mechanism between long and short traders; platforms do not collect this fee, instead using it to adjust the cost or return of holding contracts to keep contract prices aligned with underlying asset prices. A 0.01% funding rate is the benchmark. A rate above 0.01% indicates widespread bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.

Maji adds to his Ethereum (ETH) long positions, bringing the total position value to $16.56 million, with current unrealized profit of $400,000.

According to HyperInsight’s monitoring, crypto personality "Big Brother Ma Ji" Huang Licheng has added to his ETH long positions. He currently holds a 25x leveraged long position of 9,390 ETH (valued at $16.56 million), with an average entry price of $1,721.04 and an unrealized profit of $400,000.

Vitalik: Ethereum to enter 'Lean Ethereum' phase, core protocol may undergo full overhaul in the next 3–4 years

Ethereum co-founder Vitalik Buterin published a post stating that Ethereum researchers recently held a meeting in Berlin, continuing discussions with client teams initiated in Svalbard in April, to update the blockchain’s long-term protocol roadmap. Vitalik noted that "Lean Ethereum" is not a single upgrade, but a series of protocol evolutions to be rolled out gradually over the next 3 to 4 years—its impact is comparable to The Merge as Ethereum’s second major iteration, while the current phase may mark its third major evolution. He outlined core upcoming changes for Ethereum: replacing direct execution verification with recursive STARK proofs, integrating post-quantum cryptography, adjusting the consensus mechanism to a decoupled design of available chain and finality, and implementing multi-dimensional gas models alongside state structure restructuring. At the state level, Ethereum may form a "two-tier state structure" around 2030, consisting of ~2TB of traditional dynamic state and ~100TB of new scalable state to support scaling needs across different application scenarios. Vitalik emphasized that privacy capabilities will no longer be an add-on feature, but a core goal of protocol design. The system will also rely more on formal verification to boost security, and push the EVM toward higher-level abstractions, with the underlying layer potentially transitioning gradually to RISC-V or leanISA architectures. Key parameters including gas limits, blob sizes, and block times will be adjusted multiple times over the next few years, as Ethereum continues scaling via client optimizations and protocol upgrades. Vitalik concluded that Ethereum is entering a phase of continuous restructuring and scaling, aiming to complete underlying system upgrades without disrupting the existing application ecosystem.

Ethereum fell by 25.2% in Q2, marking the first time in its history that it has closed lower for three consecutive quarters.

According to CryptoRank data, Ethereum (ETH) fell 25.2% in Q2 2026, notching its third consecutive quarter of negative returns and setting the first-ever record of three straight quarterly declines in Ethereum’s history. The data shows that since 2020, Ethereum has posted gains in 16 out of 26 quarters, with an average quarterly return of 20.1%.

The Ethereum Foundation has fulfilled its five-year funding commitment to Argot Collective, with approximately 4,938 stETH tokens set to be unlocked in batches.

Argot Collective and the Ethereum Foundation (EF) announced they have completed the final phase of their initial five-year funding commitment. Approximately 4,938 stETH will be transferred to a multisig wallet, with funds unlocking in two tranches on July 1, 2026, and July 1, 2027 respectively. The first three years of funding were fully disbursed last year; the remaining two years were delayed due to pending finalization of terms and governance arrangements, but have now been fully settled. The funds are held in a 2-of-3 multisig wallet comprising Argot, the newly established "Fail-Safe Committee", and the Ethereum Foundation. The committee serves as an independent arbiter, safeguarding Argot’s independence during disputes and providing specialized expertise in programming languages and compilers. Argot Collective noted that while the agreement delivers substantial operational security for the organization, broader challenges persist: the Ethereum Foundation has limited funding, and public infrastructure supporting DeFi, staking, and core protocols cannot rely on a single funder long-term. The organization added it will continue to publish transparency reports and roadmap updates every six months.

BlackRock deposits approximately $344 million worth of Bitcoin and Ethereum with Coinbase Prime.

According to Lookonchain's monitoring, BlackRock's address deposited 4,984.56 Bitcoin (valued at approximately $295 million) and 30,725 Ethereum (valued at approximately $48.58 million) into a Coinbase Prime address, totaling around $344 million.

Ethereum Foundation stakes 4,938 ETH via Lido

According to monitoring by Onchain Lens, the Ethereum Foundation has staked 4,938 ETH (valued at $7.86 million) via Lido, and may stake more.

Tom Lee: Cryptocurrencies are high-volatility assets, and macro headwinds are pressuring Bitcoin (BTC) and Ethereum (ETH).

Tom Lee, chairman of BitMine – which holds Ethereum’s largest treasury – stated in a post that cryptocurrencies are a high-volatility asset class, with multiple macro headwinds currently weighing on Bitcoin and Ethereum. These headwinds include expectations of Federal Reserve interest rate hikes, ongoing uncertainty surrounding the CLARITY Act, AI FOMO, and private credit’s impact on capital flows. Still, he noted that bullish factors for the crypto market persist: tokenization is a mega-trend, crypto operates as a downstream segment of AI, money is becoming digital and software-based, and current market sentiment is extremely poor, possibly near the "pain peak".

Ethereum Surpasses $1,600

According to HTX market data, Ethereum has broken through $1,600, posting a 1.6% gain in the past 24 hours.

A crypto whale that has held Ethereum (ETH) for eight years sold its final 20,000 ETH to liquidate its entire position, netting a profit of $27.53 million.

According to EmberCN’s monitoring, a whale who has held Ethereum (ETH) for eight years sold his final 20,000 ETH half an hour ago, completing a full liquidation and reaping a profit of $27.53 million. The whale sold a total of 37,598 ETH today, exchanging the tokens for 58.69 million USDS at an average selling price of $1,561, while he acquired these ETH at $829 per unit eight years ago.

A crypto whale dormant for 8 months has added to its short position on Ethereum, with the short position valued at $19.7 million.

Per Onchain Lens monitoring, a crypto whale opened a 20x leveraged Ethereum short position after lying dormant for 8 months, currently holding 12,832 ETH in the position, valued at $19.7 million.

Trader 'Ma Ji' saw partial liquidation of his Ethereum (ETH) long positions again, incurring a $2.43 million loss over nearly a month.

According to HyperInsight monitoring, amid a short-term market dip, crypto figure "Big Brother Ma Ji" Huang Licheng’s 25x leveraged Ethereum (ETH) long positions have been partially liquidated again. His account has suffered a cumulative loss of $33.85 million, with a $2.43 million loss recorded over the past month. The remaining value of his positions stands at $970,000, with an entry price of $1,565.38 and a liquidation price of $1,504.69.

Crypto derivatives see long-short divergence: Bitcoin (BTC) open interest climbs as traders eye adding short positions, while Ethereum (ETH) open interest stabilizes with no panic selling observed.

Over the past 24 hours, the crypto derivatives market has seen massive liquidations, with total liquidation volume hitting around $1 billion, and Ethereum’s liquidations exceeding Bitcoin’s. Meanwhile, Bitcoin’s futures open interest rose for the second consecutive day to 778,000 BTC; the sharp increase in open interest late Thursday indicates Bitcoin traders are adding short positions amid the downtrend. In contrast, Ethereum’s futures open interest has stabilized around 14 million ETH since June 15, with Ethereum traders not actively adding short positions during the decline. The open-interest-adjusted 24-hour cumulative trading volume differential shows that short positions continue to dominate among the top 25 crypto tokens, with only BNB, SOL, and TON as exceptions. Meanwhile, Bitcoin’s 30-day annualized implied volatility index jumped to 53%, its highest level since June 7; Ethereum’s volatility index rose to 66%. In the crypto options market, Bitcoin option skew neared 30% last week, with a notable put premium; large trades have seen put options with a $53,000 strike price expiring on July 10, reflecting strong demand for downside hedging.

All Ethereum whales are currently in unrealized loss, the first such occurrence since 2019.

CryptoQuant analyst Darkfost reports that all Ethereum whale groups are currently in unrealized losses, covering three cohorts: holders of 1,000–10,000 ETH (-0.26), 10,000–100,000 ETH (-0.21), and those with over 100,000 ETH (-0.05). This is the first time such a scenario has occurred since 2019; even during the 2022 bear market, the largest whale cohort remained profitable. Data shows the whales’ unrealized profit margin has turned negative and stayed that way for several weeks. Darkfost notes this situation tests the whales’ conviction, and historically, such a condition often signals a market bottom.

Ma Ji: Ethereum should introduce a "snail-paced issuance" mechanism to reduce its circulating supply.

Big Brother Machi Huang Licheng posted on social media that Bitcoin features a halving mechanism, and Ethereum should adopt a "snail-paced issuance" mechanism. He personally backs cutting Ethereum's issuance right now. According to HyperInsight's monitoring, the address associated with "Big Brother Machi" is currently holding a long position of 888 ETH with 25x leverage, at an average entry price of $1,564.35, posting an unrealized loss of $9,000.

Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $691.7 million, while U.S. spot Ethereum ETFs posted a net outflow of $81.9 million.

According to Farside's monitoring data, U.S. spot Bitcoin ETFs posted a net outflow of $691.7 million yesterday, while Ethereum ETFs saw a net outflow of $81.9 million.

Ethereum has potential liquidations worth $114 million at the $1,472 price level.

According to YuEmber monitoring, several on-chain ETH lending whales are facing liquidations amid the current downtrend. Details are as follows: First liquidation tier: liquidation price of $1,472, liquidation scale of 72,700 ETH (valued at $114 million); Second liquidation tier: liquidation price of $1,355, corresponding to 167,600 ETH (valued at $263 million) held by dip-buying whales at the start of the month; Third liquidation tier: liquidation price of $1,160, corresponding to 120,000 ETH long positions of Hyperliquid’s largest long.

Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $469 million, while Ethereum ETFs saw a net outflow of $30.3 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs recorded a total net outflow of $469 million yesterday. Among this, BlackRock’s IBIT saw a net outflow of $239.3 million, while FBTC posted a net outflow of $120.8 million. In the same period, U.S. spot Ethereum ETFs had a total net outflow of $30.3 million. Of that, BlackRock’s ETHA recorded a net outflow of $8.1 million, and FETH saw a net outflow of $15.7 million.

Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.

According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.

Yesterday, U.S. spot Bitcoin ETFs posted a net outflow of $113.8 million, while U.S. spot Ethereum ETFs recorded a net outflow of $82.4 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs recorded a total net outflow of $113.8 million on June 23. BlackRock’s IBIT saw a net outflow of $182 million, while Fidelity’s FBTC, ARKB, HODL, and MSBT posted net inflows of $23 million, $31 million, $5.3 million, and $8.9 million respectively. For U.S. spot Ethereum ETFs, total net outflows reached $82.4 million. BlackRock’s ETHA had a net outflow of $86.1 million, ETHB saw a net outflow of $1.7 million, Fidelity’s FETH recorded a net inflow of $15.7 million, Grayscale’s ETH ETF posted a net outflow of $10.3 million, and the remaining products saw roughly flat fund flows.

Total 24-hour liquidations for SPCX contract trading across all platforms reached $40.51 million, second only to Bitcoin and Ethereum.

According to Coinglass data, total liquidations for SPCX futures contracts across the crypto network reached $40.51 million in the past 24 hours. Of this, long position liquidations amounted to $38.07 million, while short position liquidations hit $2.44 million. The total liquidation volume of SPCX ranks only second to Bitcoin (BTC) and Ethereum (ETH).

Vitalik: Ethereum Foundation (EF) to Cut This Year’s Budget by ~40%, Shift to Long-Term Endowment Model and Streamlined Operational Structure

Ethereum co-founder Vitalik Buterin published a statement noting that the Ethereum Foundation (EF) has announced a roughly 40% budget cut this year as part of its financial transition plan. Per last year’s released fund management policy, EF is gradually shifting from a "spending organization" to an endowment-based model, with the goal of reducing its annual expenditure ratio from the previous ~15% to around 5% after 2030. The foundation emphasized it will accept inevitable staff and resource adjustments, acknowledging some loss of capabilities and expertise. In this restructuring, EF has cut approximately 54 employees, accounting for roughly 20% of its total team. Vitalik added that many of these departing members may still participate in the Ethereum ecosystem externally in the future. Meanwhile, the foundation is refocusing its strategy on a more "lightweight" path for protocol governance and development, including advancing the long-term "Strawmap" roadmap covering core protocol upgrades such as consensus mechanisms, privacy technology, account models, and state structures, and pushing Ethereum toward its third phase of evolution. In specific structural adjustments, EF will downplay its "multi-client redundancy first" model, shifting to development approaches based more on specialized division of labor and AI-assisted formal verification; the Privacy and Scaling Explorations (PSE) research team will be restructured from exploratory R&D to more focused engineering implementation; and the scale of ecosystem events like Devcon will also be gradually reduced. Additionally, EF will reduce investment in large cross-domain projects, place more emphasis on protocol security and high-value improvements, and encourage more innovation to be driven by external ecosystem participants. Despite the leaner path, Ethereum will continue to strengthen its core positioning as a highly censorship-resistant, long-term stable protocol.

Across all crypto platforms, SPCX derivatives trading recorded $40.51 million in liquidations over the past 24 hours, trailing only Bitcoin (BTC) and Ethereum (ETH).

According to Coinglass data, the global liquidation volume of SPCX futures contracts reached $40.51 million over the past 24 hours, with long positions accounting for $38.07 million and short positions $2.44 million. SPCX’s liquidation amount is second only to Bitcoin (BTC) and Ethereum (ETH).

Vitalik: Ethereum Foundation (EF) to slash roughly 40% of its budget this year, shifting to a long-term endowment model and streamlined operational structure

Ethereum co-founder Vitalik Buterin published a post noting that the Ethereum Foundation (EF) has announced a roughly 40% budget cut this year as part of its financial transition plan. Per the fund management policy released last year, EF is gradually shifting from a "spending organization" to an endowment-based model, aiming to lower its annual expenditure ratio from the previous ~15% to around 5% after 2030. The foundation emphasized that unavoidable staff and resource adjustments are part of this process, acknowledging the loss of some capabilities and expertise. In this round of restructuring, EF has cut about 54 employees, accounting for roughly 20% of its total team. Vitalik added that many of these departing members may still contribute to the Ethereum ecosystem externally in the future. Meanwhile, the foundation is refocusing its strategy on a more "lightweight" approach to protocol governance and development, including advancing the long-term "Strawmap" roadmap covering core protocol upgrades such as consensus mechanisms, privacy technology, account models, and state structures, and pushing Ethereum toward its third phase of evolution. In specific structural adjustments, EF will downplay its "multi-client redundancy first" model, moving toward more specialized division of labor and AI-assisted formal verification development methods; the Privacy and Scaling Exploration (PSE) research team will be restructured, shifting from exploratory R&D to focused engineering implementation; and the scale of ecosystem events like Devcon will be gradually reduced. Additionally, EF will reduce investment in large cross-domain projects going forward, placing more emphasis on protocol security and high-value improvements, while encouraging more innovation to be driven by external ecosystem participants. Despite the streamlined path, Ethereum will continue to reinforce its core positioning as a highly censorship-resistant, long-term stable protocol.

SPCX contract trading recorded $40.51 million in liquidations across all crypto platforms over the past 24 hours, second only to Bitcoin (BTC) and Ethereum (ETH).

According to Coinglass data, global SPCX contract trading recorded $40.51 million in liquidations over the past 24 hours, with $38.07 million coming from long positions and $2.44 million from short positions. The total liquidation amount is second only to BTC and ETH.

Vitalik: Ethereum Foundation (EF) will cut around 40% of its budget this year, shifting to a long-term endowment model and streamlined operational structure.

Ethereum co-founder Vitalik Buterin published a post announcing that the Ethereum Foundation (EF) has cut its annual budget by roughly 40% as part of its fiscal transition plan. Per its previously released fund management policy, EF is gradually shifting from a "spending organization" to an endowment-based model, with the goal of reducing its annual expenditure ratio from around 15% to roughly 5% after 2030. The foundation noted it will accept unavoidable personnel and resource adjustments, acknowledging the loss of some capabilities and experience. In this restructuring, EF has cut about 54 employees, accounting for roughly 20% of its total team. Vitalik added that many of these departing members may still contribute to the Ethereum ecosystem as external participants in the future. Meanwhile, the foundation is pivoting its strategic focus to a more "lightweight" approach to protocol governance and development, including advancing the long-term "Strawmap" roadmap covering core protocol upgrades such as consensus mechanisms, privacy technologies, account models, and state structures, and pushing Ethereum toward its third phase of evolution. In structural adjustments, EF is moving away from its "multi-client redundancy first" model, shifting to development methods centered on specialized division of labor and AI-assisted formal verification. The Privacy and Scaling Exploration (PSE) research team will be restructured, moving from exploratory R&D to focused engineering implementation, while the scale of ecosystem events like Devcon will be gradually reduced. Additionally, EF will reduce investment in large cross-domain projects going forward, placing more emphasis on protocol security and high-value improvements, while encouraging more innovative work to be carried out outside the foundation. Despite the leaner path, Ethereum will continue to reinforce its core positioning as a highly censorship-resistant, long-term stable protocol.

Established Asset Manager Baillie Gifford Teams Up with BNY to Launch On-Chain Fixed Income Tokenized Fund, Deploying Ethereum and Solana Dual Chain

On Monday, June 22, Edinburgh, Scotland-based Baillie Gifford — an 118-year-old, old-school asset management firm — announced a partnership with global custody giant BNY to launch the Baillie Gifford Enhanced Yield Fund (BAGEY), a tokenized fixed-income fund deployed simultaneously on the Ethereum and Solana blockchains. Denominated in U.S. dollars and structured as an open-ended investment company (OEIC) under UK regulatory frameworks, the fund targets eligible investors in the UK, Switzerland, and the Cayman Islands. It is an actively managed short-duration corporate bond portfolio offering an approximate 7% current yield. Unlike most tokenized products in the market, Theo Golden, Baillie Gifford’s Head of Digital Assets, emphasized that BAGEY is not a traditional fund wrapped in a token shell. Instead, it is a fund issued directly on-chain, where the blockchain itself acts as the official register of ownership. Investors hold shares directly and have direct recourse to their inves

BlackRock deposits 1,241 Bitcoins and 7,547 Ethereums into Coinbase

June 22, per OnchainLens monitoring: An address tied to BlackRock deposited 1,241 Bitcoin (worth roughly $80.07 million) and 7,547 Ether (approximately $13.29 million) into Coinbase, with further deposits expected to follow.

Ethereum's New Proposal Suggests Validators Allocate Up to 10% of Staking Rewards for Ecosystem Development, Annually or Upon Accumulating Over 70,000 ETH

On June 22, the Ethereum Research Forum unveiled a new governance proposal called "Validator Redirected Revenue," which would let validators shift between 0% and 10% of their staking rewards toward funding development tools, security research, public infrastructure, and other ecosystem public goods. Under the proposal, validators would first voluntarily signal the percentage of rewards they’re willing to contribute. If more than half of all validators back a non-zero contribution rate, the mechanism would apply to every validator. Nodes can also name specific fund recipients, and the money would flow automatically via a dedicated allocation smart contract. The Ethereum ecosystem currently grapples with the so-called "free-rider problem": countless projects rely on public infrastructure, research, and security work but have no consistent way to fund these efforts. As long-term ETH holders, validators should shoulder a share of the costs of Ethereum’s growth. Current data puts Ethereum

Ethereum Co-Founder: More Funding Will Propel Organization to Help Ethereum Become Global Settlement Layer

On June 22, Ethereum co-founder Joseph Lubin took to social media to share that a truly trustless, neutral global coordination platform and digital asset settlement system would be a major breakthrough for the world. He emphasized that Ethereum’s large-scale, robust decentralization is exactly what’s making this vision possible. Looking ahead, more trustworthy, well-funded organizations will partner with the Ethereum Foundation to advance this mission. These groups will focus on growing the broader Ethereum ecosystem and driving progress in key areas of interest for financial institutions adopting Ethereum technology: Ethereum Mainnet, Layer 2 (L2) networks, and Private Ethereum networks. Down the line, these three pillars will achieve near real-time interoperability and composability, allowing ETH to flow freely across the expanded Ethereum ecosystem.

An unknown whale opened a short position of 23,000 Ethereum, worth $39.64 million.

June 21 – Per OnchainLens monitoring, crypto whale address "0xa2e" opened a new short position for 23,000 Ethereum with 20x leverage, totaling $39.64 million, with a liquidation price of $1,832.43. Since June 10, this whale has earned over $3.15 million in profits exclusively from Ethereum trades.

Tom Lee Responds to "Ethereum Facing Funding Crisis" Concerns: Probability Zero, Funding Secured

June 20th: Tom Lee, chairman of BitMine—Ethereum’s largest treasury—addressed a statement from former Ethereum Foundation contributor Trent Van Epps that the Ethereum core development ecosystem could face a funding crisis in the next 3 to 9 months. Lee stated, “In my opinion, the probability of ETH experiencing this ‘crisis’ is zero. Funding is already in place.” As previously reported, Van Epps wrote that the Ethereum Foundation’s ongoing “Subtraction” governance strategy has gradually shrunk its treasury, paired with the April expiration of the 4-year Client Incentive Program (CIP), leading to concerns of a brewing funding gap for core Ethereum development over the next 3 to 9 months.

K3 Capital Increases Ethereum Holdings by 10,000 ETH, Worth Approximately $16.92 Million

June 19: Per LookOnChain’s on-chain monitoring, a large crypto whale is continuing to accumulate Ether (ETH): Two separate ETH withdrawals from Binance were logged over the past two hours: - K3 Capital moved 10,000 ETH off the exchange, valued at roughly $16.92 million. - A wallet connected to F2Pool co-founder Wang Chun also withdrew 7,650 ETH from Binance during this same window, worth approximately $12.93 million.

The largest Ethereum bear pension-usdt.eth has closed out all ETH short positions, realizing a total profit of over $41.68 million.

On June 19, monitoring from OnchainLens shows that the whale address ‘pension-usdt.eth’ has closed all its Ethereum (ETH) short positions, locking in an approximate profit of roughly $5.8 million from this transaction. The address has accumulated a total historical profit exceeding $41.68 million, cementing its status as one of the most prominent on-chain traders.

Yesterday, the US Bitcoin spot ETF saw a net outflow of $90.7 million, while the Ethereum spot ETF saw a net outflow of $12.8 million.

June 19 — Data from Farside Investors shows U.S. Bitcoin spot ETFs posted a total net outflow of $90.7 million yesterday. Breaking down the flows: Belld IBIT had a net outflow of $96.7 million, making it the day’s largest single outflow source; VanEck HODL notched a net outflow of $4.4 million; MSBT reported a net inflow of $10.4 million. Products including FBTC, BITB, ARKB, BTCO, EZBC, BRRR, BTCW, and GBTC saw zero net fund flows on the day. In the same period, U.S. Ethereum spot ETFs recorded a total net outflow of $12.8 million, all of which came from Belld ETHA. No other Ethereum spot ETFs registered any net inflows or outflows during that time.

Former Ethereum Foundation Core Member: Ethereum Could Face Protocol Funding Crisis in the Next 3 to 9 Months

June 19 — Trent Van Epps, former core developer coordinator for the Ethereum Foundation, warned in a recent post that the Ethereum core development ecosystem faces a simmering funding crunch over the next three to nine months. The risk stems from two key changes: the Foundation’s ongoing "Subtraction" governance strategy, which is gradually shrinking its treasury, and the expiration of the four-year Client Incentive Program (CIP) this April, Van Epps explained. He noted that keeping more than 10 Ethereum client teams, research institutions, and coordinating organizations operational currently requires roughly $30 million in annual funding. If this funding shortfall persists, potential consequences include the loss of key developers, delays to protocol upgrades, and a weakened long-term competitive edge for Ethereum in areas like scalability, quantum computing resistance, and network maintenance. Van Epps also emphasized that the Ethereum Foundation was never designed to be a permanent

Morgan Stanley Files Ethereum and Solana ETF Amendment

On June 19, Bloomberg ETF analyst James Seyffart reports that Morgan Stanley has just filed amended documents for an Ethereum ETF and a Solana ETF.

Ethereum On-chain ASTEROID Surges Over 91% in 24 Hours, Market Cap Now Reaches $72.78 Million

June 19: Data from GMGN shows the Meme token ASTEROID has surged over 91% in the last 24 hours on the Ethereum blockchain. At press time, ASTEROID holds a $72.78 million market cap with a 24-hour trading volume of $24.40 million. This upward move ties to a recent SpaceX update: the aerospace company has launched pre-orders for its Asteroid plush toy, priced at $35. The ASTEROID Meme coin originates from the story of 15-year-old Liv Perrotto. Before her passing, Liv’s greatest wish was to meet Elon Musk; she had helped design a Shiba Inu-shaped plush toy named "Asteroid". After Liv’s death, her mother publicly appealed to Musk, and media personality Glenn Beck amplified the request on his show. On April 19, Musk agreed to make Asteroid SpaceX’s official mascot.

Analysis: Ethereum Breaks Below Channel Lower Trendline, Next Support at $1580

June 19 – Per analyst Alicharts’ analysis of Ethereum’s 1-hour candlestick chart, ETH has breached the lower limit of its original ascending channel, and the next key support level stands at $1,580.

Ethereum Temporarily Drops Below $1,700

On June 18, HTX market data shows Ethereum briefly dropped below $1,700, and is currently trading at $1,701.91, down 3.98% over the past 24 hours.

The first Chinese-American executive director of the Ethereum Foundation stepped down after just one year, with Vitalik praising her contributions.

June 18 – Hsiao-Wei Wang, the first Chinese-American Executive Director of the Ethereum Foundation, announced her resignation today. In a statement, she said she has decided to prioritize her personal life and future directions, adding, “Now is the right time to step back and I am still contemplating the next steps.” In response to the news, Ethereum co-founder Vitalik Buterin praised Wang’s contributions, noting she has been a “steadfast contributor to the Ethereum ecosystem for the past decade” and expressing anticipation for her future adventures. Notably, on March 10, 2025, the Ethereum Foundation promoted Wang to its board of directors – making her the first Chinese leader with a technical background to rise to the board in the organization’s seven-year history.

Yesterday's Bitcoin ETF saw a net outflow of $82.2 million, while the Ethereum ETF saw a net outflow of $29.3 million.

June 18 – U.S. spot Bitcoin ETFs saw a net outflow of $82.2 million, and Ethereum ETFs reported a net outflow of $29.3 million yesterday, per Farside’s monitoring data.

Yesterday, Bitcoin ETF saw a net inflow of approximately $10.2 million, while Ethereum ETF saw a net inflow of around $9.6 million.

June 17 – According to Farside Data, Bitcoin ETFs recorded a net inflow of approximately $10.2 million yesterday, with funds showing notable reallocation across different products. The iShares Bitcoin Trust (IBIT) posted an inflow of around $16.4 million, while FBTC saw an inflow of roughly $4.3 million. However, the Grayscale Bitcoin Trust (GBTC) logged an outflow of about $16.8 million, which partially offset the overall inflow. All other products remained relatively stable, maintaining a slight net inflow. As for Ethereum ETFs, they posted a net inflow of approximately $9.6 million, extending their ongoing mild inflow trend. The main contributor was ETHA, which saw a daily inflow of roughly $17.3 million, while products like FETH recorded a minor outflow of about $2.2 million. The rest of the products stayed largely stable.

Yesterday, Bitcoin ETF saw a net outflow of $64.8 million, while Ethereum ETF experienced a net inflow of $22.5 million.

June 16 – According to data from Farside Investors, Bitcoin ETFs posted a combined net outflow of $64.8 million in yesterday’s trading session. Breakdown shows IBIT saw a net inflow of $66.4 million, while GBTC recorded a net outflow of $124 million. For Ethereum ETFs, the total net inflow reached $22.5 million, with ETHA drawing a net inflow of $17.6 million.