TL;DR Arthur Hayes acquired 1,290 ETH worth about $2.5 million after transferring funds to Cumberland and FalconX. Ethereum is consolidating below the $1,900 resistance level.  Analysts are now watching for a move toward $2,000. Ethereum network activity remains healthy as new smart contract deployments continue despite recent price volatility. Arthur Hayes’s Ethereum accumulation continued after…

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US-listed spot Ethereum exchange-traded funds (ETFs) logged $70.62 million in net outflows on Friday, ending a five-day inflow streak. Ethereum funds saw $211.25 million in net inflows over the previous five sessions from July 17 to Thursday, according to SoSoValue data. They still posted $103.9 million in net inflows for the week ended Friday. Despite…

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Ether is becoming increasingly attractive from a valuation standpoint, particularly relative to Bitcoin, but onchain data suggests the market has yet to reach a definitive cycle bottom, according to CryptoQuant. In its latest weekly report, the analytics company said Ether (ETH) is trading roughly 17% below its realized price, or the average onchain acquisition cost…

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TL;DR Ethereum is trading near $1,920, testing the upper boundary of its price channel. Previous encounters with this resistance have been followed by profit-taking and short-term corrections. The Fund Market Premium remains positive, indicating futures traders still maintain some bullish positioning. Fund volume has not increased significantly, suggesting the rally lacks strong new capital inflows.…

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Ethereum (ETH) has gained 8.8% in a week as momentum strengthened. BlackRock’s ETHA helped drive fresh spot ETF inflows. $2,000 remains Ethereum’s next major resistance level. Ethereum has extended its latest recovery, climbing above the $1,900 level and putting the $2,000 mark back into focus. The recovery comes after several weeks of improving price action,…

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Asset manager Grayscale plans to establish regular cash distributions from rewards generated by its Ether (ETH) and Solana (SOL) staking exchange-traded products (ETPs), giving holders recurring access to yield generated by underlying assets.  In Form 8-K filings submitted to the US Securities and Exchange Commission (SEC), Grayscale said it intends to amend the trust agreements…

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Bitmine Immersion Technologies recorded $45.7 million in revenue from Ether staking and validation last quarter, following the launch of its institutional-grade Ethereum staking platform in March.  Staking revenue accounted for 98% of total revenue for the three months ended May 31, far outpacing the $624,000 from self-mining Bitcoin (BTC) and the $168,000 from consulting services,…

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Robinhood Chain’s explosive launch this month has reignited one of Ethereum’s longest-running debates: Do successful layer-2 networks increase demand for ETH, the asset, or do the new entrants capture all of the value for themselves? The retail brokerage’s Arbitrum-based Ethereum L2 has become one of Ethereum’s busiest rollups since its launch on July 1. More…

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A new Cambridge University study placed Ethereum near the lower end of energy intensity among major proof-of-stake (PoS) blockchains, although the network still used more electricity overall than most of the PoS networks studied. The Cambridge Centre for Alternative Finance estimated that activity on Ethereum consumes about 7.87 gigawatt-hours (GWh) of electricity annually. When adjusted…

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TLDR: Ethereum’s annual electricity use now stands at 7.87 GWh, down over 99.9% from pre-Merge levels. CCAF audited 8,522 physical nodes, finding a network-weighted average of 105 watts per node.  The US, Germany, Finland, and France host about 62% of Ethereum’s full nodes combined.  Sustainable sources supply 56.4% of Ethereum’s power, above the global average…

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