Ethereum (ETH) — Onchain News & Whale Tracking

Strategy Bitcoin's total unrealized gain has narrowed to $1.35 billion, while BitMNR's Ethereum holding has seen its unrealized loss increase to $7.279 billion.

May 18. Per EmberCN’s monitoring, during last week’s market pullback—when Bitcoin (BTC) dipped 4.3% and Ethereum (ETH) fell 7.7%—the leading corporate treasuries for each cryptocurrency made significant purchases in their respective assets. Here are the details of last week’s buys: - Bitcoin treasury firm Strategy (MSTR) acquired 24,869 BTC (worth approximately $2.014 billion) at an average price of around $80,985 last week. It now holds a total of 843,738 BTC, valued at $65.221 billion, with an average cost basis of $75,700, posting a $1.35 billion floating profit (equal to a 2.1% gain). - Ethereum treasury firm BitMNR (BMNR) purchased 71,672 ETH (worth roughly $161 million) at an average price of about $2,251 last week. Its current total holdings stand at 5,278,462 ETH, valued at $11.312 billion, with an average cost basis of $3,522, resulting in a $7.279 billion floating loss (a 39.1% decline).

Verus Network has temporarily paused operations, with officials confirming an attack on the Verus-Ethereum cross-chain bridge.

On May 18, the Verus Foundation announced that its Verus-Ethereum cross-chain bridge was exploited in an attack earlier that day. The attacker stole assets including ETH, USDC, and tBTC from the Ethereum-side smart contract; no other assets on the bridge remain impacted. In response to the breach, the Verus network has been fully paused, and most mining nodes went offline automatically as part of the protocol’s built-in safety features. The development team is currently investigating the attack’s root cause, assessing the full scope of losses, and developing a recovery plan. Verus is appealing directly to the attacker to return all stolen funds voluntarily. If the full amount is returned, the team will provide a bug bounty and will not pursue any further legal action. If not, the foundation will cooperate with law enforcement agencies to take formal legal measures. The team is also cautioning users against scams impersonating Verus officials who may offer fake "compensation plans."

Vitalik to Discuss Ethereum High-Performance Apps and ZK Rollup Scaling Roadmap with Lighter Founder Tonight at 11:00 PM

May 18: Ethereum co-founder Vitalik Buterin will join a fireside chat today at 11:00 PM UTC+8, sitting down with Joseph Lubin—co-founder of both Ethereum and Consensys—and Vlad Novakovski, founder of Lighter. The discussion will focus on high-performance use cases within the Ethereum ecosystem, covering key topics like progress in Ethereum ZK Rollup applications, the scalability roadmap, and the future direction of Decentralized Finance (DeFi).

An anonymous whale has invested $10.6 million to increase their Ethereum holdings by 5001 coins, bringing their total holdings to 137,400 coins.

On May 18, Chain.info reports that a whale holding 132,000 ETH borrowed 10.6 million USDT from both Spark and Aave three hours prior. The whale subsequently used those borrowed funds to purchase 5,001 ETH at an average price of $2,120. Currently, this whale holds a total of 137,400 ETH, valued at roughly $290 million, including leveraged positions through Aave and Spark. The liquidation price for these positions is approximately $1,324.

Tom Lee: Oil Price Surge is Ethereum's Biggest Headwind, Structural Tailwinds to Drive ETH Outperformance in 2026

May 18th: Tom Lee, Chairman of BitMine—Ethereum’s largest treasury—weighed in on why Ethereum (ETH) has faced recent selling pressure, naming rising oil prices as the primary headwind. “ETH is showing its strongest historical negative correlation with oil right now,” Lee said, calling that the biggest drag on the crypto. Over the past six weeks, as oil prices have climbed, ETH’s price has fallen. A related chart plots oil prices inversely: the higher crude goes, the more downward pressure ETH faces. That means once oil starts reversing and falling, ETH’s price should rally in turn. Lee emphasized this is just short-term tactical market noise, not a lasting shift. He added ETH’s real long-term growth drivers are asset tokenization and agentic AI—two structural tailwinds that are already firmly in place. As a result, he projects ETH will deliver even stronger performance by 2026.

Verus Ethereum Cross-Chain Bridge Hacked, Loses Approximately $11.58 Million

On May 18, cybersecurity firm Blockaid posted on X that its vulnerability detection system has discovered an attack on the Verus Ethereum cross-chain bridge, leading to approximately $11.58 million in losses.

Ethereum Foundation Unlocks 21,271 ETH from Stake, Worth $49.66 Million

On May 11, data from Onchainlens indicates the Ethereum Foundation has just unstaked 21,271 ETH from Lido, with the tokens valued at $49.66 million.

Vitalik Officially Proposes Ethereum's Strategic Transformation: Making ZK Rollups the Next-Generation Global Digital Economy Standard

**May 11: Vitalik Calls ZK Payments Next Crypto Adoption Standard** Ethereum co-founder Vitalik Buterin published a research paper on May 11, noting Zero-Knowledge (ZK) payments should be the next necessary standard for widespread crypto payment adoption. He emphasized crypto payments must shift from "pseudonymity" to "default privacy," particularly as we enter the "Age of Smart Contracts." Vitalik argues blockchain’s "glass house" nature is the primary psychological and operational barrier to crypto replacing traditional fiat payment apps. He proposed replacing standard transfers with ZK-proof-based transactions—letting users prove payment validity without disclosing full balances or transaction history. To solve the privacy paradox (autonomous AI smart contracts need to pay fees like large-model API credits without traceable marks), Ethereum’s Layer 2 solutions can process private payments at the same speed and cost as transparent transactions using recursive SNARKs and ZK A

A certain Ethereum OG, after 3 years of silence, has transferred 52,000 ETH to a new address

On May 9, on-chain analytics firm LookIntoBitcoin reported that an Ethereum OG address—dormant for 3 years—moved all 52,170 ETH (worth approximately $120.61 million) to a new wallet 4 hours prior. The address had previously withdrawn 42,572 ETH from exchange Kraken 6 years ago, when ETH traded at just $246. That withdrawal totaled roughly $10.48 million at the time.

Tether Burns 2 Billion USDT on Ethereum Network

On May 9, per Onchain Lens data, the USDT issuer Tether burned 2 billion USDT on the Ethereum network. Since April 18, Tether has minted 5 billion USDT—2 billion of which was burned 5 hours ago.

Yesterday, Bitcoin ETF saw a net outflow of $268.5 million, while Ethereum ETF saw a net outflow of $103.6 million.

May 8 — Data from Farside Investors shows U.S. Bitcoin spot ETFs recorded a net outflow of $268.5 million yesterday, with IBIT posting a $98 million net outflow and FBTC $129 million. Ethereum ETFs saw a net outflow of $103.6 million total, including $26.3 million from ETHA and $62.3 million from FETH.

「Crypto Bros」 Go from Profits to Losses as Ethereum Long Position Sees Over $1 Million in Unrealized Losses

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)