Ethereum (ETH) — Onchain News & Whale Tracking

A crypto whale liquidated their Ethereum holdings after holding the asset for five months, at an average selling price of $1,923.

According to Lookonchain’s monitoring, a crypto whale liquidated its entire Ethereum position after holding the asset for five months. The whale sold 1,862.3 ETH at an average price of $1,923, totaling $3.58 million, incurring a loss of $1.42 million (a 28% decline). It purchased the same amount of ETH in January this year, when Ethereum prices were falling, at an average price of $2,685.

Ethereum Improvement Proposal (EIP) 8222 is set to adopt a STARK-based cryptographic scheme to enhance on-chain privacy for institutional stakers.

EIP-8222, an Ethereum Improvement Proposal, proposes to adopt a STARK-based cryptographic scheme to weaken the traceable correlation between staking deposit addresses, validators, and withdrawal credentials, with the goal of enhancing on-chain privacy for institutional stakers. Digital asset bank Sygnum Bank stated that this move could help attract more institutions to participate in staking, though it may also result in higher execution costs, slower asset operation processes, and additional compliance and audit requirements. The proposal remains in the discussion stage, and no launch timeline has been confirmed.

Yesterday, Bitcoin spot ETFs saw a net inflow of $226.8 million; Ethereum spot ETFs recorded a net inflow of $38 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs posted a net inflow of $226.8 million yesterday. Among them, BlackRock’s IBIT saw a net inflow of $116.5 million, ARKB recorded $72.7 million, Fidelity’s FBTC pulled in $24.1 million, while Grayscale’s GBTC registered a net outflow of $45.4 million. For spot Ethereum ETFs, net inflows reached $38 million yesterday. Specifically, BlackRock’s ETHA brought in $34.3 million, FETH saw a $2.8 million inflow, TETH posted a $900,000 inflow, with all other products reporting zero net inflows.

Yesterday, U.S. spot Ethereum ETFs recorded a net inflow of $36.7 million.

According to Farside's monitoring, U.S. spot Ethereum ETFs saw a net inflow of $36.7 million yesterday. Of the total, ETHA recorded a net inflow of $31.7 million, and FETH posted a net inflow of $5 million.

Tom Lee: AI bottleneck stocks have pulled back, Ethereum, as a key downstream asset for AI, has promising performance.

Tom Lee posted a note after the U.S. stock market opened that amid the pullback in AI bottleneck stocks (represented by semiconductor ETFs), downstream assets including MAGS, IGV, and Ethereum are delivering absolute returns. Citing data, Lee pointed out that Ethereum has outperformed DRAM by 55% over the past month, emphasizing that ETH, as a key downstream asset for AI, can act as a "guardrail" of consumer trust for the AI sector.

Following the opening of US stock markets, Bitcoin and Ethereum accelerated their downward trend; 'Maji' rapidly cut positions to avoid liquidation.

Per HTX market data, Bitcoin and Ethereum accelerated their declines after today’s US stock market opened. As of press time, Bitcoin trades at $62,554.81, down 0.84% over the past hour. Ethereum is holding just above the $1,800 level, currently at $1,810.62. In response, "Maji" has sharply cut its Ethereum long positions in the past hour. HyperInsight monitoring shows its 25x leveraged Ethereum long positions have been reduced to 3,500 coins, valued at $6.338 million, with the long positions’ liquidation price also dropping to $1,795.49—less than 1% away from the current price.

Ethereum researcher releases Privacy Guardians 2.0 proposal, aiming to achieve maximum attainable privacy for on-chain payments.

Ethereum researcher Leo Glisic has released the "Privacy Guardians 2.0" proposal on a research forum. The proposal proposes using the Privacy Guardians alternative to replace enterprise-controlled on-chain payments, aiming to keep on-chain payments as privacy-preserving as possible while remaining operational on the blockchain. The system features an interactive multi-component architecture, including a private payment mechanism, insurance mechanism, honeypot and claim process, exchange rate processing, liquidity pools, and metadata management.

Yesterday, Bitcoin ETFs posted a net inflow of $79.1 million, while Ethereum ETFs recorded a net outflow of $28 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs posted a combined net inflow of $79.1 million yesterday. Of that total, BlackRock’s IBIT attracted $33.4 million, Fidelity’s FBTC $30.7 million, and Bitwise’s BITB $15 million, with no inflows reported for the remaining ETFs. For Ethereum ETFs, the segment saw a total net outflow of $28 million yesterday. Breakdowns: FETH had a net outflow of $11.2 million, ETHE $4.8 million, and ETH-related funds $14.3 million; ETHW logged a net inflow of $2.3 million, while BlackRock’s ETHA saw no inflows.

$1.2 billion worth of Bitcoin (BTC) options are set to expire, while Ethereum (ETH) put positions have remained at high levels for a consecutive month.

Crypto analytics platform Greeks.live reported that on July 17, 19,000 BTC options expired, with a Put-Call Ratio (PCR) of 0.9, a max pain point of $63,000, and a nominal value of around $1.2 billion. Meanwhile, 123,000 ETH options expired, with a PCR of 1.61, a max pain point of $1,800, and a nominal value of roughly $230 million. In terms of market performance, BTC has continued to fluctuate above $60,000 this week, having traded in the $60,000 to $65,000 range for over a month. Sharp swings in U.S. equities (SpaceX and storage sectors) have not yet had a noticeable impact on the crypto market. Looking at options positions, around 5% of options expired this week, leading to a slight drop in overall open interest, mainly due to low market volatility and reduced trading opportunities. BTC’s Gamma Exposure (GEX) is mainly concentrated around $64,000 and $70,000. ETH’s GEX is primarily in the $1,825 to $2,000 range, with a relatively dispersed distribution. Some traders have started positioning for a rebound via slightly out-of-the-money options. The proportion of large bullish trades has continued to rise recently, dominated by short-term bull spread buying strategies. Notably, ETH’s Put-Call Ratio has stayed above 1 for a consecutive month, hitting 1.61 this week. The high proportion of put options outstanding reflects clear market divergence on ETH’s future outlook, with intensified bull-bear rivalry.

'Maji'’s Ethereum long position is on the verge of liquidation, with a $1.008 million account drawdown in the past 24 hours.

According to on-chain analyst Ai Yi (@ai_9684xtpa), ETH long positions held by crypto personality "Big Brother Ma Ji" (Huang Licheng) have faced sustained pressure. He has gradually reduced his holdings from a peak of 16,575 ETH to 9,600 ETH, valued at approximately $17.76 million. The account has recorded a total drawdown of $1.008 million in the past 24 hours, with floating profits nearly wiped out. Currently, the position has only a $16 price gap remaining before hitting the liquidation price, placing it on the brink of extreme danger.

Bitcoin falls below $64,000, Ethereum drops below $1,900

According to HTX market data, Bitcoin has fallen below $64,000, with a 24-hour decline of 0.89%. Ethereum has dropped below $1,900, and its 24-hour gain narrowed to 1.3%.

Yesterday, U.S. Bitcoin spot ETFs recorded a net inflow of $107.7 million, while U.S. Ethereum spot ETFs saw a net inflow of $53.9 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs saw a total net inflow of $107.7 million yesterday. Among them, BlackRock’s IBIT attracted $80.8 million, Fidelity’s FBTC recorded $16.9 million in net inflows, Grayscale’s Bitcoin ETF posted $10 million, while all other ETFs had zero net flows for the day. In the same period, U.S. spot Ethereum ETFs totaled a net inflow of $53.9 million. Breakdown shows BlackRock’s ETHA brought in $45.3 million, ETHB had $4 million, Grayscale’s Ethereum ETF recorded $4.6 million, with all other ETFs registering no net inflows on the day.

Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins

Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.

Jiang Zhuoer: Completed full liquidation of Ethereum spot holdings, projects Ethereum’s rebound will cap at $2,000.

Jiang Zhuoer, founder of BTC.TOP (LeiBit Mining Pool), announced in a post that he sold his remaining 50% of Ether (ETH) spot holdings when the cryptocurrency rebounded to $1,931, completing his full ETH spot liquidation at an average selling price of $1,834.5. ETH has now nearly rallied back to its level at the start of the current downturn on June 2, with most investors holding underwater positions above current levels, and the rebound is projected to cap at $2,000. Earlier reports noted that Jiang had repurchased his entire ETH position at $1,645 during the market crash on June 5, and sold 50% of his ETH spot holdings at $1,629 on June 11.

Ethereum breaks through $1,900, logging a 4.3% gain in 24 hours.

According to HTX market data, Ethereum has surpassed $1,900, with a 4.3% gain over the past 24 hours.

Abraxas Capital is reportedly selling Bitcoin to rebalance its portfolio into Ethereum.

According to Lookonchain’s monitoring, Abraxas Capital is suspected of recently selling Bitcoin to buy Ethereum. Over the past three hours, the firm withdrew 8,153 ETH, worth approximately $15.3 million, from Binance and Bybit, while depositing 618 BTC, valued at around $39.99 million, into Kraken.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $181.1 million, while U.S. spot Ethereum ETFs recorded a net inflow of $58.3 million.

According to data from Farside Investors, on July 14, U.S. spot Bitcoin ETFs recorded a total net inflow of $181.1 million the previous day. Among them, BlackRock’s IBIT saw a net inflow of $138.9 million, Fidelity’s FBTC $21.1 million, Bitwise’s BITB $3.5 million, ARK’s ARKB $3.6 million, Morgan Stanley’s MSBT $7.4 million, and BTC ETFs $6.6 million; flows for the remaining products were largely flat. U.S. spot Ethereum ETFs posted a total net inflow of $58.3 million, all from BlackRock’s ETHA, with all other ETFs registering zero net inflows that day.

Bitmine's Ethereum staking revenue reached $45.7 million last quarter, accounting for 98% of its total revenue.

Bitmine Immersion Technologies’ latest 10-Q filing shows that for the quarter ended May 31, the company generated approximately $45.7 million in revenue from Ethereum staking and validation services, accounting for around 98% of its total revenue. In the same period, its self-mining revenue from Bitcoin came to about $624,000, while consulting services revenue was roughly $168,000. Bitmine previously disclosed that it has allocated roughly 85% of its ETH holdings to staking, equivalent to around 4.9 million ETH. Tom Lee, chairman of Bitmine, stated that with the full launch of MAVAN—its institutional-grade Ethereum staking platform—the company expects annualized rewards from its Ethereum staking business to reach approximately $284 million. Additionally, he noted that since its launch on July 1, Robinhood Chain has recorded over $1 billion in on-chain transaction volume, adding that this validates Ethereum’s utility as an underlying settlement network.

Ethereum engineering and research firm EthSystems officially established.

According to GlobeNewswire, EthSystems has announced its official launch. The firm was founded by the entire original team of the Ethereum Foundation’s Institutional Privacy Working Group, with backing from entities including Bitmine, Sharplink, and Joe Lubin. EthSystems primarily develops Ethereum-based privacy and compliance technologies for regulated entities such as banks and asset management firms, aiming to enable institutions to conduct on-chain financial activities without disclosing sensitive information like transaction details and client identities. The company stated that it has completed one year of open-source development work ahead of schedule, and has already established cooperative ties with multiple central banks, regulatory authorities, and top-tier financial institutions.

Ethereum briefly rebounded to surpass $1,800.

According to HTX market data, Ethereum has rebounded briefly to break through the $1,800 mark, currently trading at $1,798, with a 1.03% increase in the past 24 hours.

Binance will conduct wallet maintenance for the Ethereum (ETH) network on July 16.

According to an official announcement, Binance will conduct wallet maintenance for the Ethereum network (ETH) at 14:00 UTC+8 on July 16, 2026. To facilitate this maintenance, Binance will suspend ETH network deposit and withdrawal services starting at 13:55 UTC+8 on the same day. The maintenance is expected to take 1 hour, and deposit and withdrawal services will automatically resume after completion.

Yesterday, Bitcoin ETFs recorded a net outflow of $424.7 million, while Ethereum ETFs saw a net outflow of $15.4 million.

According to Farside Investors' monitoring, U.S. spot Bitcoin ETFs saw a net outflow of $424.7 million yesterday. IBIT recorded a net outflow of $185.5 million, while FBTC posted a net outflow of $245.6 million. U.S. spot Ethereum ETFs had a net outflow of $15.4 million, all from FETH.

A certain Ethereum (ETH) whale apparently liquidated its holdings at a loss, incurring an unrealized loss of $23.8 million after holding the asset for four years.

According to Lookonchain’s monitoring, a crypto whale has held Ethereum (ETH) for four years, with an unrealized loss of $23.8 million (a 59% decline). The whale’s address 0xFe99 received 9,389 ETH four years ago when ETH traded at roughly $4,311, worth around $40.47 million at the time, and has not sold any of the holdings since. ETH is now priced at $1,777, bringing the value of those 9,389 ETH to approximately $16.69 million. The whale appears to have finally cut its losses, transferring all 9,389 ETH to Coinbase Prime roughly 10 hours ago.

Ethereum Co-founder: Ethereum Layer 1 should maintain low transaction fees, with tens of thousands of companies likely to deploy it over the next 2 to 3 years.

Ethereum co-founder Joseph Lubin stated that Ethereum Layer 1 (L1) gas fees should remain low to support ecosystem growth. He projected that tens of thousands of companies will deploy on Ethereum L1, Layer 2 (L2), and permissioned Ethereum Virtual Machine (EVM) networks over the next two to three years, with cross-layer interoperability being achieved. Lubin added that mass adoption will boost ETH’s monetary premium and lift L1 total fee revenue; staking and other locking mechanisms will reduce circulating supply, and if ETH returns to a net burn state, its value is poised to rise further.

Tom Lee: Ethereum to Kick Off 'Second Growth Curve' as Wall Street Institutions Expand Ecosystem Footprint

Fundstrat co-founder and Bitmine chairman Tom Lee said in a speech at WebX 2026 that Ethereum is at a critical juncture similar to the second-stage growth phase entered by Amazon, NVIDIA, and JPMorgan Chase. He believes Ethereum will follow a similar trajectory. Since its launch, ETH has gone through the ICO boom and the NFT boom, hitting an all-time high of $4,866. In 2025, driven by the approval of spot ETFs and the rapid popularization of stablecoins, it rebounded to $4,955 at one point. Now, the price has fallen to around $1,732, a phase Lee defines as "market capitulation at the bottom". Future growth of ETH 2.0 will rest on four pillars: a new Ethereum Foundation governance structure, Agentic AI, a settlement layer for the financial system, and ETH becoming a true "currency". Lee noted that Wall Street institutions are expanding their footprint in the Ethereum ecosystem, and these large firms' ongoing construction of Layer 2 networks signals that the entire traditional financial system is gradually migrating to the Ethereum ecosystem. Bitmine initially planned to hold 5% of the total global ETH supply over five years, but has now achieved 95% of that target in just 12 months. Currently, the company holds a total of 5.74 million ETH, accounting for approximately 4.8% of the total ETH supply, of which around 4.87 million ETH (about 85%) is staked.

The volume of ETH bridged from Ethereum Mainnet to Robinhood Chain has surged roughly tenfold in a week, surpassing $100 million.

According to Token Terminal data, over the past week, the volume of ETH bridged from Ethereum mainnet (L1) to Robinhood Chain (L2) has surged roughly 10-fold, surpassing $100 million. Robinhood Chain uses ETH as its native gas token, as noted. Token Terminal stated that if adoption of the chain continues to grow, it could become a new, significant source of demand for ETH.

US Bitcoin and Ethereum spot ETFs both ended their 8-week consecutive outflows, posting a combined net inflow of $281.8 million this week.

U.S. spot Bitcoin and Ethereum ETFs recorded a combined net inflow of $281.8 million this week, ending an 8-week streak of outflows that began in early May. Specifically, U.S. spot Bitcoin ETFs saw a net inflow of roughly $197.4 million last week, putting an end to their own 8-week outflow cycle. Prior to this, Bitcoin ETFs had logged a cumulative outflow of about $8.26 billion over those 8 weeks—the longest consecutive outflow period since they started trading in January 2024. Ethereum spot ETFs, meanwhile, posted a net inflow of approximately $84.4 million last week, also wrapping up 8 straight weeks of outflows. Before that, Ethereum ETFs had seen roughly $1.2 billion in outflows over 8 weeks, matching the all-time longest outflow record set between February and April 2025. The current rebound remains modest relative to the earlier outflows: Bitcoin ETFs have recouped only around 2.4% of the funds lost in the prior 8-week period, while Ethereum ETFs have recovered roughly 7%. As of early 2026, Bitcoin ETFs have a year-to-date net outflow of about $5.34 billion, and Ethereum ETFs have a year-to-date net outflow of approximately $1.35 billion.

Ethereum Foundation leverages AI to mine vulnerabilities: Successfully identifies security flaws, notes that manual review remains irreplaceable.

The Ethereum Foundation has disclosed that its Protocol Security team is using AI agents to conduct vulnerability hunting of Ethereum client software to boost network security. During testing, the AI successfully identified a vulnerability in the Gossipsub message propagation protocol that allows remote attackers to trigger node crashes, leading to validator nodes going offline. The flaw has since been patched and assigned CVE ID CVE-2026-34219. However, the foundation notes that AI’s biggest challenge is not discovering vulnerabilities, but distinguishing actual flaws from false positives. AI can generate vulnerability descriptions, impact analyses, and exploit code, but may also produce seemingly plausible yet non-existent issues—requiring security researchers to conduct thorough verification. The foundation outlined three common types of false positives: crashes occurring only in test environments, exploit paths that cannot be leveraged in real-world scenarios, and invalid proofs in formal verification. Additionally, the Ethereum Foundation believes AI is currently better at analyzing individual code issues, but has limited ability to identify complex attack chains formed by multiple legitimate operations—an attack vector that has been the primary cause of breaches for multiple crypto protocols this year. Going forward, the foundation plans to have AI assist in generating potential attack paths, which will then be verified via manual and automated testing to further improve the efficiency and accuracy of vulnerability discovery.

The Hedera Network is suspected of being hacked, with attackers transferring $3.7 million cross-chain to Ethereum.

According to on-chain detective Specter’s monitoring, Hedera Network is suspected of having suffered a hack. Attackers have bridged over $3.7 million from Hedera Network to Ethereum via LayerZero, and the stolen funds are currently being converted from WBTC to ETH.

A crypto whale shorted Ethereum (ETH) with 25x leverage, holding a position worth $12.43 million.

According to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid to open a short position of 6,914 ETH (valued at $12.43 million) with 25x leverage. The entry price was $1,790.36, liquidation price stands at $1,825.58. The position currently has an unrealized loss of around $50,700, with only a 1.55% gap to liquidation.

Yesterday, Bitcoin spot ETFs recorded a net inflow of $90.4 million, while Ethereum spot ETFs saw a net inflow of $18.4 million.

According to data from FarsideUK, Bitcoin spot ETFs posted a total net inflow of $90.4 million on July 10, with BlackRock’s IBIT seeing a net inflow of $86.8 million and VanEck’s HODL bringing in $3.6 million. Ethereum spot ETFs recorded a total net inflow of $18.4 million, of which BlackRock’s ETHA had a net inflow of $16.2 million and Fidelity’s FETH had a net inflow of $2.2 million.

The Ethereum Foundation's Protocol Support Team has been disbanded.

The Ethereum Foundation’s Protocol Support Team (EF Protocol Support) announced on X that the team has been disbanded. The group was primarily responsible for coordinating Ethereum protocol development, including organizing and coordinating core developer meetings, tracking Ethereum network upgrades, supporting EIP advancement, and operating the Ethereum protocol.

Yesterday, the total net inflow into U.S. Ethereum spot ETFs stood at $70.5 million.

According to Farside's monitoring, U.S. Ethereum spot ETFs recorded a total net inflow of $70.5 million yesterday, among which Fidelity's FETH had a net inflow of $69.2 million.

Tether burned 2.5 billion USDT on Ethereum in a single day, marking the largest single-day burn since February.

CryptoQuant cited on-chain data, reporting that on July 7, Tether Treasury burned $2.5 billion worth of USDT on the Ethereum network. This marks the largest single burn on the network since February this year, exceeding the $2 billion burn on May 8, and second only to the all-time high of $3.5 billion recorded on February 10. Meanwhile, the USDT balance flowing into and out of Binance via the Tron network dropped to roughly $806 million, its lowest level since December 29, 2025 (when it hit $391 million), falling below the $1 billion threshold and signaling a significant contraction in USDT liquidity on Binance’s Tron channel. The large-scale burn by Tether Treasury primarily reflects redemption, fund management, or cross-chain rebalancing operations rather than a direct market signal. However, the synchronized contraction of Ethereum’s USDT supply and Binance’s Tron liquidity is worth ongoing monitoring, as market participants will watch whether the liquidity of dual-chain stablecoins continues this concurrent tightening trend.

Ethereum Foundation Developer Relations member Sophia Dew announces her departure.

Ethereum Foundation (EF) Developer Relations member Sophia Dew announced in a post that this week will be her final full week serving the foundation. Dew has been active in the Ethereum ecosystem over the past four years. She stated, "I remain very bullish on Ethereum’s future—it is indeed one of the strongest, most cohesive ecosystems ever."

Ethereum briefly rallied to surpass $1,800.

According to HTX market data, Ethereum briefly rebounded to break through the $1,800 mark, currently trading at $1,799.84, with a 1.45% increase in the past 24 hours.

Opinion: Ethereum is testing a key resistance level, and a breakout could see it rally to $2,245.

According to crypto analyst alicharts, Ethereum is currently testing resistance at the $1796 level of its 0.8 MVRV price band. If Ethereum closes above this level on the daily timeframe and successfully holds it as support, the bullish thesis will be strengthened, potentially paving the way for a move toward Ethereum’s realized price of $2245. Alicharts further notes that breaks above both $1796 and $1816 would trigger a bullish breakout. From a technical perspective, such a move would also boost ETH’s chances of breaking above the channel top at $1844 and advancing toward the $2245 realized price.

Well-known Ethereum bull James Fickel transfers 20,000 ETH.

According to Onchain Lens monitoring, prominent ETH bull James Fickel transferred 20,000 ETH (valued at $36.19 million) from Coinbase Prime to a new wallet two hours ago. Earlier this June, prior reports noted, Fickel — a well-known Ethereum long bull and crypto investor — moved 10,000 ETH from a Coinbase custodial address to a deposit address, worth roughly $18.62 million at current prices, likely for subsequent trading operations.

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.