Ethereum News

Lawmakers are set to meet with 18 industry leaders, including Strategy’s Executive Chairman Michael Saylor, Executive Chairman of Bitmine Immersion Tom Lee, and others, to discuss President Donald Trump’s proposed Strategic Bitcoin Reserve later on Tuesday.

According to Shiba Inu developer Kaal Dhairya, Shibarium suffered a $2.4 million flash loan exploit on Sunday after an attacker briefly gained control of its validator system.

In August, Ethereum’s price hit a record high of $4,955, but it has not been able to break past the $5,000 threshold since then.

Galaxy Digital purchased more than two million tokens over the past 24 hours, following CEO Mike Novogratz’s declaration that it was ‘Solana Season.’

If the rally holds through the close, it would mark Mogu stock’s biggest single-day gain in more than five years.

Novogratz stated that Bitcoin’s price is likely to see a renewed rally towards the end of the year.

Bloomberg Intelligence analyst Eric Balchunas told Cointelegraph that new crypto ETFs from REX and Osprey, including a Dogecoin ETF, cleared the SEC’s 75-day review window and are expected to begin trading by Friday.

Solana’s gains come as the token registered a new all-time high of $12.31 billion in total value locked over the last 24 hours on Thursday.

Nasdaq has reportedly struck a strategic partnership with Gemini, the crypto exchange founded by the Winklevoss twins, to tap its custody and staking services.

Michael Saylor-backed Strategy announced on Monday that it bought around 1,955 BTC for around $217 million.

The S&P 500 hit a record high after the markets opened on Friday, and gold prices surged to a record high of $3,591 per ounce.

Traders are eyeing Friday’s employment report for clues on how it may shape the Federal Reserve’s monetary policy decisions later this month.

According to Glassnode, Bitcoin’s price is consolidating in between $104,000 and $116,000 as futures and ETF flows show cooling demand.

September hasn’t given Bitcoin a strong lift, but neither has it lived up to the month’s reputation as one of Bitcoin’s weakest periods either.

The personal consumption expenditure (PCE) data will provide more clues on the inflation trajectory and how the Federal Reserve may approach managing interest rates in September.

According to an ongoing Stocktwits poll, most retail traders don’t think Ethereum will be able to flip Bitcoin, even in another five years.

Despite the cryptocurrency market’s recovery, crypto-linked equities continued to trade in the red during early morning hours.

The continued selloff in the crypto market led to more than $759 million in liquidations over the past 24 hours, according to Coinglass data.

In the past week, BitMine increased its crypto and cash holdings by $2.2 billion to $8.8 billion.

The selloff in the crypto market led to more than $840 million in liquidations over the past 24 hours, according to Coinglass data.

In addition to Fed commentary, industry watchers are also concerned over network decentralization after it was reported that two mining pools now control more than half of Bitcoin’s hashrate.

Bitcoin and Ethereum ETFs have cumulatively registered three straight days of outflows totaling $1.3 billion.

The volatility in the crypto market led to nearly $300 million in liquidations over the past 24 hours, according to Coinglass data.

The company said that its total crypto holdings now comprise 1,523,373 ETH and 192 Bitcoin.

The selloff in the crypto market led to more than $550 million in liquidations over the past 24 hours, according to Coinglass data.

The volatility in the crypto market led to more than $900 million in liquidations over the past 24 hours, according to Coinglass data.

The sharp crypto sell-off followed July’s PPI inflation report and U.S. Treasury Secretary Scott Bessent’s statement ruling out more Bitcoin Reserve purchases.

Altcoin moves were mixed, with Cardano rallying into double-digit gains while Dogecoin and XRP posted declines, with Ethereum trading at the flatline.

Lee noted that a key driver was that the bulk of stablecoin issuance is now happening on the Ethereum network.

The gains followed U.S. Treasury Secretary Scott Bessent’s suggestion that the Federal Reserve should weigh a 50 basis-point rate cut in September on Tuesday evening.

While still 10% below its record high of $4,878, seen nearly four years ago, Ethereum’s price marked a new milestone for 2025 with gains of more than 32% this year.

Shares of Ethereum-holding companies like Bitmine Immersion Technologies and FG Nexus each gained more than 5% in pre-market trade, as both compete to become the largest corporate holders of the cryptocurrency.

Accumulating 10% of Ethereum’s total supply would put its treasury ahead of BitMine Immersion, which has a goal of buying up 5% of Ethereum’s total supply.

The company remains the largest corporate holder of Ethereum with over 1.15 million tokens in its treasury.

BMNR stock surged more than 10% in early morning trade after gaining 25% in the previous session, after Ethereum’s price hit a near four-year high of $4,332 over the weekend.

Ethereum hit the milestone after Fundamental Global announced a $5 billion shelf registration statement with the SEC to support its ETH acquisition strategy.

Ripple and the SEC filed to dismiss their appeals in the XRP lawsuit, with each party covering its own legal costs.

Ripple said the acquisition is expected to close in the fourth quarter of 2025.

The details of the executive order have not been disclosed yet, but it is expected that the order will ease fiduciary restrictions that currently keep administrators of 401(k)s from offering cryptocurrencies as a possible option.

Weakness in the cryptocurrency market remained as investors continued to withdraw money from U.S.-listed spot Bitcoin exchange-traded funds.

The crypto market tried to climb upwards after President Donald Trump issued a fresh round of tariffs on Friday amid a choppy week of ETF flows.

The weekend sell-off came after U.S. President Donald Trump levied fresh tariffs across Asia and Europe after the August 1 deadline.

A recent poll on Stocktwits found that more than one-third of retail traders expect XRP to post the strongest gains among major cryptocurrencies in August.

According to analysts, the BTC-USD pair filled a “gap” in CME’s Bitcoin futures left over from July.

The volatility sparked $355.95 million in liquidations over the past day, according to Coinglass data.

The overall cryptocurrency shed $216 billion over the past day, falling more than 5% in the last 24 hours.

According to Glassnode data, net inflows into ETFs are down 80% to $496 million, and trade volume has dropped to $18.7 million over the past week.

According to data analytics platform Lookonchain, the fall in Bitcoin’s price may have something to do with Galaxy Digital moving around 30,000 BTC out of its holdings and to exchanges.

The sharp decline in token prices resulted in $956.33 million in liquidations over the last 24 hours, with Ethereum traders taking the biggest hit, followed by XRP.

Consensys is reportedly planning to let go of 49 employees as a part of a broader profitability push.