Tag: eth

Law Firm Files Restraining Notice for Kelp Exploit ETH

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A US law firm has filed a restraining notice to block the transfer of frozen Ether from the Kelp exploit, arguing that its clients are owed over $877 million in compensation and damages by North Korea.  Charlie Gerstein, a lawyer for US law firm Gerstein Harrow LLP, said in a post on the Arbitrum DAO forum on Friday that a New York district court signed off on a restraining notice and three writs of execution preventing the DAO from moving the Ether under threat of contempt of court. The law…

BitMine’s 4.5M ETH stake strategy boosts confidence in $5,000 May target

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## Market Snapshot Ethereum’s price prediction market for May sees current YES pricing at a moderate level, indicating a shift in participant sentiment following BitMine’s significant ETH holdings and staking strategy. Market activity suggests increased interest in the likelihood of Ethereum reaching $5,000 by the end of May. ## Key Takeaways – BitMine’s accumulation of 4.5 million ETH suggests strong institutional confidence in Ethereum’s potential as a yield-generating asset. – The staking strategy, potentially offering a 5-7% APR, may indicate broader adoption of Ethereum as a macroeconomic hedge. – Market…

ETH Triple Top Rejects $2.4K As Analysts Flag Weakness Against BTC

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Ether (ETH) fell 3.4% to $2,287 on Monday, after its fourth rejection at the $2,400 level since April 14. The price continues to trade below the 100-day moving average, with over $2.5 billion in liquidation risk concentrated near the $2,150 support zone. Crypto analyst Michaël van de Poppe also flagged weakness in Ether relative to Bitcoin, raising doubts about the strength of any near-term uptrend.  Repeat rejections at $2,400 cap ETH’s upside Ether has failed to break $2,400 four times over the past two weeks, forming a clear triple top…

BitMine Expands ETH Holdings Despite $6.5B in Unrealized Losses

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BitMine Immersion Technologies, the Ether treasury company backed by Fundstrat’s Tom Lee, has expanded its ETH holdings for the second time in as many weeks, even as large unrealized losses underscore the strategy’s risks. The company said Monday it purchased an additional 101,901 Ether last week, bringing its total holdings to roughly 5.08 million ETH. Its combined crypto and cash reserves now stand at about $13.3 billion. Source: Wu Blockchain The latest acquisition follows a purchase of 101,627 ETH a week earlier, which was the company’s largest accumulation since December.…

Ethereum Foundation Unstakes 17K ETH After Nearing 70K Staking Goal

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The Ethereum Foundation has moved to unwind part of its staking position shortly after nearing its stated goal of 70,000 staked ETH. On Saturday, the Ethereum Foundation unstaked 17,035.326 ETH, worth roughly $40 million, according to Arkham data. The move involved depositing wrapped staked ETH (wstETH) into Lido’s unstETH contract, with ETH expected to be returned once the withdrawal queue completes. In Ethereum, unstaking is the process of withdrawing ETH that was previously locked to help secure the network through validators. When ETH is staked, it’s deposited into the Ethereum…

Ethereum Foundation sells 10,000 ETH to Bitmine to fund core operations

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The Ethereum Foundation said Friday it sold 10,000 ETH for about $24 million in an OTC transaction with Bitmine, using proceeds to support research, development, ecosystem expansion, and grant programs as part of its treasury management framework. 0/ Today, the Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,387 via OTC. For this sale, our OTC counterparts was @BitMNR. — Ethereum Foundation (@ethereumfndn) April 24, 2026 The sale comes after the Foundation completed an OTC sale of 5,000 ETH to Bitmine in March,…

$3,000 Ether Depends On More Than Just Strong Spot ETH ETF Inflows

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Key takeaways: The spot ETH ETFs recorded ten consecutive days of net inflows, totaling $633 million. Weekly DApps revenue on the Ethereum network fell to $13 million, following a broader decline seen in Solana and BNB Chain. Ether (ETH) struggled to trade above $2,400 on Thursday, but consistent inflows into Ethereum spot exchange-traded funds (ETFs) reflect the bulls’ attempt to regain momentum. Ether’s price rallied alongside Bitcoin’s (BTC) recovery to $79,000, prompting traders to question whether ETH will attempt a run to $3,000. Spot ETH ETF daily net flows, USD.…

Ethereum Metrics Signal ETH Price Rally Toward $6K Next

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Ether’s (ETH) 33% rally from its sub-$1,800 multi-year lows appears to be cooling, but several key metrics suggest the top altcoin may be primed for a bigger rally toward $6,000 or higher. Key takeaways: Ether is currently displaying a technical setup similar to past cycles that ignited a massive rally in ETH price.  Supply squeeze potential is growing as increasing accumulation and exchange outflows reduce immediate sell pressure. A rising Coinbase premium reflects the return of US institutional demand. Ether’s fractal targets a $6,000 ETH price  Ether is currently bouncing…