Eight-year-old Ether (ETH) wallets have started moving coins for the first time since 2017, adding fresh supply to the market as Ether trades just above $1,500. Onchain data shows 37,806 ETH from long-dormant addresses became active, while separate whale transactions point to continued accumulation by other large investors.  The mixed positioning comes as total long-term…

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TLDR Four dormant Ethereum wallets were reactivated after nearly eight years of inactivity. The wallets originally received 37,602 ETH in 2018 at about $830 per coin. They sold 33,623 ETH within four hours at an average price of $1,560. Total proceeds from the sales reached approximately $52.5 million. The transactions resulted in an estimated realized…

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Ethereum is running out of money, according to former insiders. The warning has sparked one of the fiercest Ethereum governance debates in months: should the network fund developers by taxing staking rewards, or just rely on wealthy Ether holders to bankroll its ecosystem? At the center of the debate is a controversial proposal from Kleros…

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TLDR ETHLabs launched as a new Ethereum-focused nonprofit led by five former Ethereum Foundation researchers. BitMine, SharpLink, and Ethereum co-founder Joseph Lubin joined the initiative as anchor funders. ETHLabs aims to support Ethereum’s growth as a global financial settlement layer. The organization plans to connect application developers with Ethereum’s core protocol teams. More than 50…

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Former Ethereum Foundation contributors and Ether treasury firms Bitmine and Sharplink have backed a new research and development nonprofit that aims to make Ethereum ready for institutional use. Sharplink said on Monday that the organization, Ethlabs, was formed to “ready Ethereum for the next phase of institutional adoption,” with the company pitching in with Bitmine,…

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TLDR Bitmine purchased 52,203 ETH worth approximately $92 million last week. The company’s Ethereum holdings increased to 5.67 million ETH. Bitmine now controls about 4.7% of Ethereum’s circulating supply. The firm said it has completed 94% of its goal to acquire 5% of the ETH supply. Bitmine reported $601 million in cash and marketable securities.…

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Ether’s (ETH) exchange and derivatives data turned weaker over the past month. Binance recorded net inflows of 57,700 ETH, while futures open interest fell to a year-low of $10.3 billion from $15 billion, and the ratio of leveraged positions retreated sharply from their early June highs.  The combination of rising exchange supply, muted new participation,…

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TLDR: Hsiao-Wei Wang resigns as Ethereum Foundation co-executive director, effective Thursday this week. Both co-executive director roles are now vacant after Tomasz Stańczak’s earlier departure. At least eight senior Ethereum Foundation members have exited the organization in five months. Board member Bastian Aue takes on interim executive director duties amid governance scrutiny. Hsiao-Wei Wang has…

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Former Ethereum Foundation contributor Trenton Van Epps warned that Ethereum is facing a core development funding crisis that will highlight the need for new funding sources in the next three to nine months. The former contributor wrote in a blog post on Thursday that the Ethereum Foundation’s spending reduction and the expiration of the Client…

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TLDR: Arthur Hayes received 3,000 ETH worth about $5.42 million through a Flowdesk OTC transaction. On-chain records linked the transfer to a wallet previously associated with the BitMEX co-founder. The OTC structure reduced order book impact and avoided visible exchange-based buying pressure. Ethereum’s recent price strength has increased attention on large wallet accumulation activity. Arthur…

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