Ethereum (ETH) — Onchain News & Whale Tracking

Bitcoin ETFs posted a net inflow of $714.7 million yesterday, marking three consecutive days of massive net inflows, while Ethereum ETFs recorded a net inflow of $162.2 million yesterday.

According to monitoring by Farside Investors, Bitcoin ETFs posted a net inflow of $714.7 million yesterday, marking their third consecutive day of net inflows exceeding $400 million. BlackRock’s IBIT recorded a net inflow of $350 million, while FBTC saw a net inflow of $257.4 million. Ethereum ETFs had a net inflow of $162.2 million yesterday, with ETHA registering a net inflow of $88.1 million and FETH notching $33.6 million in net inflows.

Bitcoin ETFs see $1.26B inflow, Ethereum ETFs turn negative with $90.41M weekly outflow

Sept 22 Update: #Bitcoin ETFs: 1D NetFlow: +14,613 $BTC(+$1.26B)?? 7D NetFlow: +8,277 $BTC(+$712.62M)?? #Ethereum ETFs: 1D NetFlow: +68,434 $ETH(+$187.93M)?? 7D NetFlow: -32,923 $ETH(-$90.41M)??

More than half of the trading volume of Kalshi’s Ethereum perpetual futures comes from orders of the same fixed amount.

In Kalshi's Ethereum perpetual futures trading between September 17 and 20, orders with a near-$5,499 single transaction amount generated $7.7 million in turnover, accounting for 57% of the analyzed trading volume. Among the 46 sampled dates since June, 43 saw repeated fixed-amount transactions. Kalshi’s public data does not disclose trader identities, and the exchange has not explained the parties behind these repeated transactions or the reasons for changes in the target amount. Earlier, quantitative analyst Beni published an article questioning prediction market platform Kalshi for artificially inflating crypto trading volume, citing multiple data points as evidence. (CoinDesk)

Peter Brandt: Ethereum's long-term resistance level stands at $5,000, and a breakout could drive it to $8,600.

Famous trader and chart analyst Peter Brandt, who accurately predicted the 2018 Bitcoin crash, shared his long-term outlook on Ethereum today. Brandt noted that Ethereum is currently trading at around $2,794, and after breaking through the $5,000 resistance level, it could rally to approximately $8,600. Additionally, Brandt believes XRP’s long-term target could reach $5.40.

U.S. spot Ethereum ETFs saw a net inflow of $270 million yesterday.

According to Farside's monitoring, U.S. spot Ethereum ETFs recorded a net inflow of $270 million yesterday, marking two consecutive trading days of large net inflows.

Vitalik praised prediction market Trueo in a post, which will migrate to Ethereum’s mainnet.

Decentralized prediction market Trueo has announced its migration from the Base network to Ethereum mainnet. Ethereum co-founder Vitalik Buterin praised the move, stating: "I’m delighted to see Ethereum gain a strong new entrant in the prediction market space, one committed to decentralization and ethical principles, rejecting corporate-flavored mediocrity, and truly seeking to leverage these economic primitives to explore interesting and meaningful use cases." (Vitalik had earlier used similar language to criticize commercial prediction markets that overly prioritize short-term dopamine-inducing hype and low-value speculation.)

An Ethereum OG whale bought back 8,630.6 ETH this morning, incurring a swing trading loss of $8.03 million.

According to EmberCN's monitoring, an OG whale that obtained 38,800 ETH by participating in Ethereum's ICO in 2015 sold 11,552 ETH at $2,027 six months ago, generating $23.42 million in proceeds. Early this morning, the whale repurchased 8,630.6 ETH at an average price of $2,749, incurring a swing trade loss of 2,921 ETH, worth $8.03 million.

Bitcoin ETFs see $116M inflow, but Ethereum ETFs lead with $149M daily inflow as weekly outflows persist

Sept 21 Update: #Bitcoin ETFs: 1D NetFlow: +1,363 $BTC(+$116.09M)?? 7D NetFlow: -4,418 $BTC(-$376.24M)?? #Ethereum ETFs: 1D NetFlow: +54,659 $ETH(+$149.45M)?? 7D NetFlow: -62,810 $ETH(-$171.73M)??

Multicoin Capital Co-founder: Solana’s market cap will surpass Ethereum’s in this cycle.

Multicoin Capital co-founder Kyle Samani said that driven by factors like stronger usability and functionality, more crypto companies will build on Solana rather than Ethereum in the future. Solana’s market capitalization will overtake Ethereum’s “in this market cycle,” he noted, adding that Ethereum’s advantage as the default smart contract network for crypto firms may gradually weaken. Samani claimed that “hardly anyone actually uses Ethereum these days,” and its leading position remains mainly due to stablecoins, as well as stablecoins borrowed using ETH as collateral. Samani expressed a pessimistic view on Ethereum’s value capture ability. He stated: “This is an asset worth $300 billion to $400 billion, but its value capture ability is questionable, or may not exist at all, and it has no growth whatsoever.” Samani further said he doesn’t understand why investors are willing to hold ETH at its current valuation, noting there are many “more reasonably priced” investment opportunities in the market. He believes more crypto companies will shift to Solana, calling it “the most feature-complete network” that can help enterprises looking to integrate their operations reduce operational complexity. Although SOL’s current market cap is less than one-fifth of Ethereum’s, its weekly and monthly network fees have both exceeded Ethereum’s.

Jiang Zhuoer: Expects Bitcoin to undergo a sharp correction after reaching a high resistance zone, but remains fully allocated to spot Ethereum in anticipation of gains.

BTC.TOP founder Jiang Zhuoer stated in a post that Bitcoin’s price trajectory aligns with one of his previously outlined expected scenarios: “Test the high resistance zone of $83,000 to $84,000, then a major pullback will follow.” Jiang added, “This pattern means this is not the peak—wait and see, don’t go short, and hold full spot ETH positions for further upside.”

Analysis: Ethereum exchange withdrawal volume hits 3-year high, investors may continue accumulating ETH

CryptoQuant analyst Darkfost wrote that over the past three months, Ethereum (ETH) prices have surged from $1,510 to $2,650, a rise of over 75% that has broken through April’s highs. In comparison, Bitcoin (BTC) has yet to sustainably hold above its May highs, putting ETH’s price trend temporarily ahead. Darkfost pointed out that ETH withdrawal volume on Binance has recently reached a three-year high, with monthly average ETH withdrawal transactions just crossing 90,000 — a level not seen since 2023, roughly double the figure at the start of this year. Large volumes of ETH being moved out of exchanges like Binance typically signal investors transferring the asset to private custody after purchasing it, a move often linked to long-term holding and accumulation strategies. Currently, this accumulation trend is far more prominent for ETH than for BTC.

A whale that netted $3.7 million from swing trading Ethereum (ETH) is chasing the rally again, adding 7,567 ETH to its holdings.

According to EmberCN’s monitoring, a crypto whale that sold ETH in August for an approximate profit of $3.7 million has repurchased ETH today. Over the past hour, the whale transferred $40 million in USDC to Binance, and has since withdrawn 7,567 ETH worth roughly $20 million from the exchange. The whale has repeatedly executed ETH trades on the 21st of each month: it bought $21 million worth of ETH on July 21, sold ETH on August 21 to pocket ~$3.7 million in profit, and repurchased ETH again on September 21.

Ethereum briefly breaks through $2,700

According to HTX market data, Ethereum briefly broke through $2,700 and has now pulled back to $2,694, with a 24-hour increase of 2.49%.

Ethereum approaches $2,700, Bitmine’s total unrealized loss on its positions narrows to approximately $2.71 billion.

As Ethereum approaches $2,700, Bitmine — the world’s largest Ethereum treasury firm — has narrowed the unrealized loss on its total ETH holdings to $2.71 billion, after the loss had once swelled to $10 billion. Bitmine currently holds 5,956,378 ETH, with an average cost basis of roughly $3,340 per token. Additionally, its staked Ethereum positions remain at 5,067,309 ETH, accounting for 85% of its total holdings and valued at approximately $12.7 billion, with current annualized staking rewards of around $334 million.

An OG Ethereum whale has held a long position in ENA for 228 days, with unrealized profits nearing 900%.

According to TradingBeats monitoring, the ENA long position held by a whale address starting with 0xeadc has been ongoing for roughly 228 days. As of 10:34 Beijing Time, the address still holds approximately 10.0265 million ENA long positions, with an average entry price of $0.110537, position value of around $2.0849 million, and unrealized profit of about $976,600. ENA has risen around 88.12% from its entry cost. The position uses 10x full leverage, generating a return of roughly 881.18%. It currently holds a total of 41 long positions, with a total notional value of approximately $69.8481 million, and an overall contract leverage of about 4.65x. ENA accounts for only around 2.98% of its total contract exposure, but its unrealized profit ranks third among all current positions, trailing only NEAR’s ~$1.3695 million and AAVE’s ~$1.0225 million. It is reported that this address is an ETH OG who entered the crypto market in 2017, once holding nearly $90 million worth of ETH, all transferred to Hyperliquid. Previously, it held the largest HYPE long position on the platform.

Yesterday, Grayscale’s Zcash ETF recorded a net inflow of $270 million, while its spot Ethereum ETF saw a net inflow of $143.7 million.

Yesterday, Grayscale Zcash ETF saw a net inflow of $270 million, marking its 16th consecutive trading day of net inflows. Meanwhile, the U.S. spot Ethereum ETF recorded a net inflow of $143.7 million, ending its three-day streak of net outflows.

Maji’s unrealized profit from his Ethereum long position has expanded to $3.65 million, and he added a 10x leveraged long position in HYPE.

According to monitoring by TradingBeats, the unrealized profit on Ethereum long positions held in the address of crypto figure "Big Brother Machi" Huang Licheng has expanded to $3.65 million, with the position value reaching $88.81 million; his Bitcoin long positions carry an unrealized profit of $112,000. He recently added 9,000 HYPE long positions with 10x leverage, at an entry price of $92.21.

Bitcoin ETFs See $154M Inflow, Ethereum ETFs Lose $71.75M in Single Day

Sept 18 Update: #Bitcoin ETFs: 1D NetFlow: +1,955 $BTC(+$154.39M)?? 7D NetFlow: -6,715 $BTC(-$530.42M)?? #Ethereum ETFs: 1D NetFlow: -28,356 $ETH(-$71.75M)?? 7D NetFlow: -42,976 $ETH(-$108.74M)??

Bitcoin surges past $78,000, Ethereum breaks through $2,500

According to HTX market data, Bitcoin has surpassed $78,000, with a 2.01% gain in the past 24 hours. Ethereum has broken through the $2,500 level, posting a 1.22% increase over the same period.

Bankless co-founder liquidated all their Ethereum (ETH) holdings and reallocated to 5 altcoins, all of which have significantly outperformed ETH.

Bankless co-founder David Hoffman announced on May 21 that he had liquidated his entire Ethereum (ETH) holdings, subsequently purchasing VVV, NEAR, ZEC, HYPE, and LIT, while disclosing partial entry prices: "NEAR at approximately $1.40, HYPE at around $45, ZEC at roughly $560, and LIT at about $1.35." Per HTX market data, the current prices of these assets and their performance based on the disclosed entry prices are as follows: LIT trades at $5.02, a roughly 272% increase from entry; ZEC is at $1512.42, up ~170%; NEAR stands at $3.49, up ~149%; HYPE is at $86.51, up ~92%. Hoffman did not reveal VVV’s specific entry price. Using its May 21 price of $15.99 as an estimate, VVV now trades at $25.27, marking a ~58% gain. Over the same period, ETH rose from around $2127.47 to $2473.23, a ~16% increase. All five altcoins in Hoffman’s prior allocation significantly outperformed ETH during the period.

Yesterday, Bitcoin ETFs posted a net inflow of $159.5 million, while Ethereum ETFs recorded a net outflow of $39.3 million.

According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs recorded a net inflow of $159.5 million yesterday, with IBIT seeing a net inflow of $183.7 million. Ethereum ETFs, meanwhile, posted a net outflow of $39.3 million, among which ETHA had a net outflow of $42.9 million.

Bitcoin and Ethereum ETFs See Massive Outflows: $328M BTC, $186M ETH in 24 Hours

Sept 17 Update: #Bitcoin ETFs: 1D NetFlow: -4,300 $BTC(-$328M)?? 7D NetFlow: -12,061 $BTC(-$919.92M)?? #Ethereum ETFs: 1D NetFlow: -76,217 $ETH(-$186.28M)?? 7D NetFlow: -32,343 $ETH(-$79.05M)??

An early Ethereum contributor withdrew 500,000 LIT tokens from the Lighter protocol, valued at $2.07 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa), Ethereum early contributor billΞ.eth (@0xbilly)’s associated address withdrew 500,000 LIT tokens from the Lighter Protocol two hours ago, worth $2.07 million. Fueled by favorable U.S. regulatory policies and the Robinhood network hype, the Lighter Protocol has posted notable growth recently, with its LIT token rallying more than 97% in the past month.

Ethereum drops below $2,500, with a 1.14% decline in the past 24 hours.

According to HTX market data, Ethereum has fallen below $2,500, with a 24-hour decline of 1.14%.

Jiang Zhuoer: Bitcoin may pull back after liquidating positions above $76,000, holds a full position of Bitcoin short orders plus Ethereum spot

Jiang Zhuoer, founder of BTC.TOP (formerly LTCMine Pool), stated in a post that the most likely scenario for Bitcoin right now is to first clear the high liquidation zone around $76,000, with Ethereum (ETH) simultaneously testing its liquidation zone near $2,665. After clearing the $76k zone, two subsequent scenarios emerge: a) Bitcoin stops its decline and rebounds before hitting $75k, after which it is more likely to rally back to $80k, even touching the high resistance zone of $83k to $84k before a major correction; b) If Bitcoin decisively breaks below $75k, it will trigger a correction corresponding to its prior rally from $64k, projected to reach $70k to $72k before entering the next phase of the bull market. Jiang added that next week’s bill vote and Federal Reserve announcements could serve as key catalysts, so he is maintaining a neutral position: full short positions in BTC paired with full spot holdings in ETH.

Ethereum's sharp rally following yesterday's CPI release was driven by whales, with its key resistance level currently above $2,700.

Following yesterday’s CPI release, Ethereum rallied nearly 10% in a short span, jumping quickly from $2,433 to $2,667. Analyst Alicharts attributes this short-term surge to whale activity, noting that the volume of Ethereum transactions worth over $1 million rose by nearly 14% during the period. However, Alicharts also warns that Ethereum is now approaching a major resistance level. Over 10 million ETH previously changed hands between $2,700 and $2,800, creating a significant supply barrier. This is the critical range whales must clear to drive Ethereum toward $3,000.

Yesterday, U.S. spot Ethereum ETFs posted a net inflow of $216.4 million, while U.S. spot Bitcoin ETFs recorded a net outflow of $13.2 million.

According to Farside's monitoring, U.S. spot Ethereum ETFs posted a net inflow of $216.4 million yesterday, while spot Bitcoin ETFs recorded a net outflow of $13.2 million, marking their fourth consecutive trading day of net outflows.

Ethereum breaks through $2,600, surging 6.75% in 24 hours.

According to HTX market data, Ethereum has surpassed $2,600, jumping 6.75% in 24 hours.

Yesterday, Bitcoin ETFs recorded a net outflow of $282.7 million, while Ethereum ETFs saw a net outflow of $29.9 million.

According to monitoring by Farside Investors, Bitcoin ETFs saw a net outflow of $282.7 million yesterday. Breakdown: ARKB recorded a net outflow of $164.3 million, GBTC a net outflow of $36.4 million, and FBTC a net outflow of $33.6 million. Ethereum ETFs posted a net outflow of $29.9 million, with FETH logging a net outflow of $25.2 million, ETHA a net outflow of $18.6 million, while ETHB and ETH registered net inflows of $13.9 million and $7.7 million respectively.

SGX opens Bitcoin and Ethereum perpetual futures to U.S. institutions, unlocking Asian crypto liquidity.

Singapore Exchange (SGX) has received authorization from the U.S. Commodity Futures Trading Commission (CFTC) under Regulation 48.10, allowing U.S. institutional investors to trade its Bitcoin and Ethereum perpetual futures. KC Lam, head of crypto derivatives at SGX, stated that the move connects U.S. traditional financial institutions with Asian liquidity pools, marking another milestone for crypto derivatives’ integration into the regulated traditional financial system. SGX launched Bitcoin (BTP) and Ethereum (ETP) perpetual futures in November 2025. As of August this year, their cumulative trading volume reached $5.8 billion, with around 400,000 lots, an average daily trading volume of roughly 1,300 lots, and a nominal value of $19 million. Bitcoin accounts for 66% of total open interest and 83% of average daily trading volume. SGX noted that the onboarding and access process for U.S. clients typically takes 2 to 4 weeks, and it expects to start serving U.S. customers in the next 1 to 2 months. Unlike crypto-native exchanges, SGX adopts traditional margin call and additional collateral mechanisms, with clearing members serving as an intermediate risk buffer, and does not accept stablecoins as collateral. SGX’s next plans include launching fixed-term futures and options for Bitcoin and Ethereum, and gradually expanding to other mainstream crypto assets.

Yesterday, Bitcoin ETFs posted a net outflow of $120 million, while Ethereum ETFs registered a net inflow of $34.7 million.

According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs logged a net outflow of $120 million yesterday. Specifically, IBIT saw a net outflow of $19.5 million, ARKB $78 million, and GBTC $27.2 million. Separately, U.S. spot Ethereum ETFs posted a net inflow of $34.7 million yesterday, with ETHA and ETHB attracting inflows of $9.7 million and $22.9 million respectively.

Bitcoin rebounds to break through $79,000, while Ethereum rebounds to surpass $2,500.

According to HTX market data, Bitcoin has rebounded to break through $79,000, while Ethereum has also rebounded above $2,500.

Ethereum Layer 2 (L2) Scroll plans to shift from a general-purpose public chain to an AI application-specific network, with an expected transition period of approximately 9 months.

The Ethereum Layer 2 (L2) Scroll team shared an update in its governance forum, announcing plans to gradually transition Scroll from a general-purpose public blockchain to a private, application-specific network centered on Compass and its AI product ecosystem, with the full transition expected to take roughly 9 months. Scroll noted that its team has been applying AI to network operations and product development over the past several months, and is currently building a product ecosystem comprising Compass, Compass API, CENO, USX, and SCR. Specifically, Compass offers AI models, VPN, eSIM, and other features; Compass API provides routing services for over 30 large language model (LLM) models; and CENO leverages zero-knowledge (ZK) technology to deliver a trust layer for AI agents, covering credentials, context, and privacy computing. The team stated that CENO currently has more than 30 potential clients, 12 of which are conducting proof-of-concept (POC) tests; Compass remains in the early consumer validation phase. As part of the network transition plan, SCR will migrate to the Ethereum mainnet to maintain broad accessibility and liquidity. Scroll confirmed that SCR’s total supply and overall token economics will remain unchanged, and it will continue to serve as Scroll’s network governance token. Scroll emphasized that this post is merely an update on progress, not a formal proposal or vote. The team will separately submit the network transition plan for DAO deliberation once relevant details are finalized.

An Ethereum OG whale sold 11,023 ETH, worth approximately $27.23 million.

According to Lookonchain's monitoring, roughly an hour ago, an Ethereum OG whale sold 11,023 ETH via Wintermute, valued at approximately $27.23 million.

Strategy’s Bitcoin holdings have an unrealized gain of $2.398 billion, while Bitmine’s Ethereum holdings carry an unrealized loss of $5.194 billion.

According to on-chain analyst Yu Jin’s monitoring, crypto firm Strategy neither added to nor reduced its Bitcoin (BTC) holdings last week. It currently holds 845,050 BTC valued at approximately $66.125 billion, with an average cost of $75,412 per BTC, generating an unrealized profit of around $2.398 billion. Ethereum treasury firm Bitmine continued to accumulate 28,086 Ether (ETH) last week, worth about $68.85 million at an average purchase price of roughly $2,451 per ETH. Bitmine now holds a total of 5,929,198 ETH, valued at approximately $14.651 billion, with an average cost of $3,347 per ETH, resulting in an unrealized loss of around $5.194 billion.

Ethereum Foundation Releases Ratings for 62 EIPs Under Hegotá Upgrade, Targeting a Quantum-Resistant Ethereum Layer 1 (L1) by the End of 2029

The Ethereum Foundation (EF) announced that Protocol Cluster has published two new papers conducting a systematic evaluation of the upcoming network upgrade, Hegotá. Among these, the paper titled "Hegotá EIP Opinion Post and Tier List" evaluates and ranks the 62 currently proposed Ethereum Improvement Proposals (EIPs), marking the first time the team has released a unified EIP rating list for a single network upgrade. According to details, around 60 researchers, engineers, and domain experts from 9 teams under Protocol Cluster participated in the review, submitting a total of 397 rating comments and holding on-site discussions on controversial proposals. The accompanying paper outlines the current and future key priorities for the Ethereum protocol layer, with a core goal of enabling Ethereum Layer 1 (L1) to achieve quantum resistance by December 2029. The Ethereum Foundation noted that the aforementioned upgrade plans, long-term commitments, and shared priorities at the cluster level provide the background for finalizing the scope of the Hegotá upgrade and EIP ratings. Additionally, Protocol Cluster will host an Ask Me Anything (AMA) session on Reddit’s r/ethereum community at 14:00 UTC on September 16, to discuss topics including Hegotá EIP ratings and protocol development priorities.

Tom Lee: Ethereum is more like 'digital land' rather than cash.

Bitmine Chairman Tom Lee recently opined that Ethereum (ETH) is more akin to "digital land" than cash. Lee contends that the core value of high-quality assets lies in their store-of-value capacity—i.e., investors’ confidence that they can properly hold and allocate capital over the long term. He points out that stocks qualify as store-of-value assets because investors purchase them with the expectation that the issuing company will manage capital effectively; real estate, meanwhile, combines store-of-value and cash flow attributes, generating returns through rental income. Within this framework, Lee argues Ethereum is closer to stock markets or land, with its long-term value stemming primarily from the network itself as underlying infrastructure. Bitmine has been increasing its Ethereum holdings weekly for 65 consecutive weeks. As of August 30, 2026, its total ETH holdings reached 5,901,112 units, accounting for roughly 4.9% of Ethereum’s total supply.

Jiang Zhuoer: Closed all short positions on Bitcoin (BTC), restored full spot positions in Ethereum (ETH), awaiting upside.

BTC.TOP Mining Pool founder Jiang Zhuoer posted that he previously opened a short position on Bitcoin (BTC) at $82,050, has now closed the position to take profit at $79,480, and is back to holding a full spot position in Ethereum (ETH) awaiting gains. His reasoning includes: ETH, the engine of this bull market, has recently led gains and is approaching its previous high, which may drive BTC higher; he only took short positions during the continuous net inflow of ETFs (a record $730 million single-day net inflow on September 3). If BTC rises to the $83,000-$84,000 range, he will repeat his short strategy, judging this resistance level will be hard to break in the short term. Jiang added he is still waiting for a major pullback. If BTC drops to the $71,255-$73,361 range (the Fibonacci 50% to 61.8% retracement level), he will buy back all positions; otherwise, he will repurchase as planned by the end of October. He also referenced two previous accurate top-hitting operations: shorting ETH at $2,525 on August 22 and shorting BTC at $82,050 on September 4, and believes the current trading logic of using no leverage and full-position trading is effective.

Ethereum (ETH) fell below the $2,500 mark, posting an intraday gain of 0.79%.

According to HTX market data, Ethereum (ETH) has fallen below the $2500 threshold, currently trading at $2497.3, with a daily gain of 0.79%.

On the eve of August 19, Ethereum whales that accurately bottom-fished on ETH took partial profits, with estimated gains of $2.345 million.

On-chain analyst Ai Yi, operating under the handle @ai_9684xtpa, has detected that trader gnomelabs.eth likely took profit on 4,020 ETH, generating an estimated $2.345 million in gains over the asset’s 21-day holding period. The trader withdrew 6,339 ETH (valued at approximately $12.02 million) from Binance on August 17 at an average price of $1,896.83. Nine hours ago, they deposited 4,020 of those ETH (worth ~$9.97 million) to an exchange at a price of $2,480; a sale at this level would yield a 30.7% return.

Harmony plans to shut down its mainnet, migrate its ONE token to Ethereum, and pivot to the AI video secondary creation economy.

Harmony announced plans to fully shut down its network and migrate its native token ONE to Ethereum, citing excessive threats from state-sponsored attackers and AI agents. Per the proposal, validators may cease operating nodes starting at 7 AM Pacific Time on September 10, 2026. The project will pivot its focus to the "AI video secondary creation economy": it plans to open prompts and materials for creators and fans to produce secondary works, with AI agents expanding content branches into more stories. For the migration, a snapshot will be taken at the network’s final block, and new ONE tokens will be airdropped to corresponding Ethereum wallet addresses (no active claim required). Delegated staking and unclaimed rewards will be transferred to each governor’s treasury. Multisig wallets, liquidity pools, and on-chain applications cannot be migrated; Harmony urges users to exit all smart contracts by September 10, 2026. Regarding the AI video business, Harmony is recruiting operators responsible for video generation, media distribution, and content moderation. In the first year, the platform will subsidize hardware costs and boost video generation demand. Operators must stake tokens to qualify, earn rewards based on service uptime, and cover other operational costs. The platform will also track and incentivize contributions to original works, secondary creations, and promotion. Harmony will provide a total one-time compensation of $1.372 million to validators and their delegates who shut down nodes on time, sign relevant agreements, retain staking, and continue participating in governance, with the compensation disbursed over four quarters. The total supply and issuance rate of ONE will remain unchanged; future token issuance will be allocated to the AI video project, with related arrangements to be made after soliciting feedback from governors.

Harmony plans to shut down its mainnet, migrate its ONE token to Ethereum, and pivot to the AI video secondary creation economy.

Harmony announced in a post that it plans to fully shut down its Harmony network and migrate its native token ONE to Ethereum, citing excessive threats from state-sponsored attackers and AI agents. Per the proposal, validators may stop operating nodes starting at 7:00 AM Pacific Time on September 10, 2026, as the project shifts its development focus to the "AI video secondary creation economy". The migration plan will take a snapshot at the network’s final block, with new ONE tokens airdropped automatically to corresponding Ethereum wallet addresses—no action is required from holders. Delegated staking and unclaimed rewards will be airdropped to each governor’s treasury. Harmony noted that multi-signature wallets, liquidity pools, and on-chain applications cannot be migrated, urging users to exit all smart contracts before September 10. Relevant token contracts, snapshot calculations, and airdrop scripts will be made public for auditing. The project also plans to launch a one-time compensation program totaling $1.372 million, available to validators and their delegates who shut down nodes on schedule, sign the agreement, retain staked assets, and continue serving as governors, with payments distributed over four quarters. The total supply and issuance rate of ONE will stay unchanged; future minted tokens will be allocated to new AI video projects, subject to feedback from governors.

Analyst: Ethereum’s consolidation pattern is bullish; a decisive break above $2,530 could push its price to $2,700.

Crypto analyst Ali Charts said in a post that Ethereum has been consolidating in the $2,370 to $2,530 range since August 26, building momentum for the next market move. He noted that a close outside this range on the hourly candlestick is required to confirm the breakout direction, though the current market structure leans bullish. If ETH breaks above $2,530 convincingly, it could trigger a rally toward $2,700.

Robinhood acts as the landlord, Ethereum as the security: An Arbitrum (ARB) Layer 2 has pushed mainnet settlement fees to nearly zero.

According to DefiLlama data, amid the meme token hype, Robinhood Chain generated $2.61 million in protocol revenue yesterday, with a 7-day total of $22.45 million. As an Ethereum Layer 2 (L2) built on Arbitrum Orbit, Robinhood Chain is required to allocate 10% of its net protocol revenue to the Arbitrum ecosystem. Over the past seven days, Arbitrum, which provides the underlying tech stack, has received around $2.48 million, split between its DAO and developer fund. Meanwhile, Uniswap, a decentralized exchange (DEX) on Robinhood, brought in $609,234 in protocol revenue yesterday, with a 7-day total of $3.36 million. Notably, Ethereum mainnet, as the settlement layer, saw negligible revenue: per growthepie data, Robinhood Chain paid just $1,270 in settlement fees to Ethereum mainnet yesterday, totaling $3,550 over the past seven days. This has sparked widespread debate in the crypto community. Prominent DeFi researcher Ignas pointed out that this structure—where platforms rake in massive profits while the settlement layer receives almost nothing—raises questions about whether this poses a problem for Ethereum. He noted that Ethereum may currently be using low fees to onboard TradFi players into its ecosystem, planning to increase charges once user migration costs become sufficiently high. If Ethereum’s official roadmap does include a strategy of first attracting a large number of L2s, then monetizing Layer 1 (L1) after switching costs rise, this could be positive for ETH, though such an approach is not currently outlined in Ethereum’s roadmap. Arbitrum co-founder Steven Goldfede responded that Robinhood chose Arbitrum to act as a landlord, not a tenant: controlling its own sequencer and keeping most fees for itself.

Leading DeFi researcher questions Ethereum’s Layer 2 strategy: Robinhood’s revenue has surged, yet Layer 1 settlement layer revenue remains low—Is this a problem?

Renowned DeFi researcher Ignas points out that Robinhood’s Layer 2 (L2) network paid just around $722 to its underlying base layer yesterday, while Robinhood itself posted a record $6 million in fee revenue that same day—roughly 10% of which went to Arbitrum, with nearly negligible amounts reaching Ethereum’s Layer 1 (L1). Against this backdrop, Ignas questions: Is this structure, where platforms rake in massive profits while the settlement layer gets almost nothing, actually a problem for Ethereum? Ethereum may currently be using low fees to onboard TradFi players into its ecosystem, planning to raise revenue shares once user migration costs become sufficiently high. If Ethereum’s official roadmap does include a strategy of first attracting a large number of L2s, then monetizing on L1 after switching costs rise, this could be positive for ETH—but such an approach is not visible in Ethereum’s current roadmap.

The crypto market has seen a minor rebound, with Bitcoin breaking through $80,000, Ethereum surpassing $2,500, and BNB rallying sharply to cross $780.

According to HTX market data, the crypto market saw a minor rebound on Sunday, pushing total crypto market capitalization to $2.781 trillion. Bitcoin broke above $80,000, while Ethereum crossed $2,500. Driven by robust trading activity in the BNB Chain ecosystem, BNB surged past $780 and is now trading at $764. SOL is priced at $104, HYPE at $85.8, and ZEC performed strongly, rising over 5% to hit $1,070. Leading altcoin gainers include ARB, which topped the list with a 48.8% single-day rally to trade at $0.197; SUSHI, up over 40% in 24 hours to break $0.267; and several BNB Chain ecosystem tokens such as MARSCOIN, 1000CAT, TUT, and CAKE, which also ranked among the top gainers amid the ecosystem’s hot trading activity.

Ethereum crosses $2,500, with a 1.83% gain over the past 24 hours.

According to HTX market data, Ethereum has surged past $2,500, posting a 1.83% gain in the past 24 hours.

Over the past 24 hours, the Ethereum network recorded a net inflow of $46.47 million, while Robinhood Chain saw a net outflow of $21.07 million.

According to Defillama data, on-chain funds over the past day have clearly concentrated on the Ethereum mainnet and a small number of legacy Layer 1s. Ethereum saw a net inflow of $46.47 million, roughly 4.5 times that of second-place Solana. On the flip side, Robinhood Chain, Arbitrum, Hyperliquid and other platforms combined for a net outflow of over $100 million, reflecting a rebalancing trend of "flowing back to Ethereum, exiting Layer 2s". Robinhood Chain, the day’s largest net outflow source, is a broker-led Layer 2 launched in July 2026 based on Arbitrum Orbit. In the past two months, it has ranked among the top in Meme and tokenized stock trading volume, with its on-chain fees once even surpassing those of Ethereum, Solana and Base; however, its daily bridged funds have turned net outflow. Arbitrum, Base and Polygon also saw net outflows, bringing the total net outflow of the four major Layer 2s (including Robinhood) to around $69.55 million. Perpetual contract public chain Hyperliquid recorded a net outflow of $18.34 million, nearly on par with Arbitrum. New stablecoin settlement chains are also experiencing capital outflows: Tether’s Plasma saw an outflow of $13.27 million, Stripe-incubated Tempo and Tether ecosystem’s Stable registered outflows of $3.45 million and $2.99 million respectively.

The UK's largest retail investment platform Hargreaves Lansdown has launched Bitcoin and Ethereum ETN products.

UK’s largest retail investment platform Hargreaves Lansdown, which manages over $200 billion in assets, announced it is making nine Bitcoin and Ethereum exchange-traded note (ETN) products available to its 2 million clients. The products are offered by issuers including BlackRock iShares, CoinShares, WisdomTree, 21Shares, Invesco and Bitwise, with annual fees ranging from 0% to 0.35%. The move comes less than a year after the platform previously warned clients against cryptocurrency investments, and follows a policy adjustment in response to the UK Financial Conduct Authority (FCA) lifting its retail ban on crypto ETPs in October 2025. New buyers on the platform must complete an appropriateness assessment and wait 24 hours before trading. (CoinDesk)

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

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