Ethereum

BitMine Immersion Technologies acquired 27,801 ETH over the past week, lifting its total holdings to 5,770,038 ETH as of July 12. The position represents about 4.8% of Ethereum’s 120.7 million circulating supply, placing the company 96% of the way toward its stated goal of controlling 5% of all ETH. The latest treasury update valued the ETH position at roughly $10.5 billion using a reference price of $1,820. BitMine also held 206 BTC, $482 million in cash and marketable securities, a…

Ethereum returned above $1,800 after rebounding from the $1,750 area, putting the market’s next resistance band between $1,820 and $1,850 back in play. ETH traded near $1,809, up about 0.7% over 24 hours, after moving between $1,780 and $1,828. The intraday push briefly cleared $1,820, but the market still needs to hold the level through a stronger daily close before the breakout extends toward $1,850 and $1,900. The move follows an earlier test of the same resistance cluster. Ethereum previously…

An Ethereum user lost $999,999 in USDT after signing a phishing token approval, giving an attacker permission to pull funds from the wallet. The loss was not tied to a leaked seed phrase or a broken USDT contract. The drain came through an approval, a standard ERC-20 permission that lets another address spend tokens from a user’s wallet. When the approved spender is malicious, the attacker can use that permission to move tokens without needing the victim’s private key. The…

Ethereum’s next bullish trigger sits around $1,800, where several onchain and technical levels have converged into the market’s nearest major resistance zone. Ali Martinez placed the key level at the $1,796 0.8 MVRV Pricing Band, with a daily close above that area and a successful support retest strengthening the case for a move toward Ethereum’s realized price near $2,245. The same chart set the TD Sequential resistance trendline near $1,796, placing the technical and onchain bands at almost the same…

Tether burned 2.5 billion USDT at its Treasury on Ethereum, removing one of the largest stablecoin token blocks from the network this year. The transaction was valued at about $2.4977 billion at the time of the alert. The burn reduced the amount of USDT authorized on Ethereum, but it does not automatically mean the same amount was circulating in active market supply before the transaction. Token burns reduce authorized tokens on a specific blockchain. In Tether’s operating model, redeemed USDT…

Ethereum holds about $153 billion in stablecoins, keeping mainnet as the largest blockchain for onchain dollar liquidity. The latest stablecoin chain data places total tracked stablecoin supply near $311 billion, with Ethereum holding about $153 billion. That gives Ethereum the largest single-chain stablecoin base across public blockchains. [caption id="" align="alignnone" width="1632"] Source: Artemis[/caption] Ethereum’s position comes from deep USDT and USDC liquidity, DeFi settlement, institutional custody flows, tokenized-asset activity and large-value transfers. Mainnet fees remain higher than many competing networks,…

Hinkal said affected users will be made whole after an attacker withdrew about 797,000 USDC from one of its Ethereum contracts. The exploit began at 19:05 UTC on July 2, when the attacker withdrew funds through a series of transactions from an affected Hinkal pool on Ethereum. The attacker converted the stolen USDC into about 454 ETH. The follow-up confirms the incident details that were still pending when the first Hinkal exploit alert surfaced from onchain monitoring. The earlier estimate…

CryptoQuant’s altcoin sell-pressure reading has fallen to a multi-year extreme, with the cumulative buy-sell volume difference for altcoins excluding Bitcoin and Ethereum at about -$209 billion. The metric tracks the difference between spot market buy volume and sell volume across altcoins outside BTC and ETH. A negative reading means sell volume has exceeded buy volume over the measured period. [caption id="attachment_465880" align="aligncenter" width="1280"] Cumulative Buy/Sell Diff (alts, ex-BTC/ETH): -209B. Source: CryptoQuant[/caption] The decline has persisted for 15 straight months of…

Ethereum has opened July with a new monthly TD Sequential buy signal, adding a technical reversal setup to a market still trading near recent lows. Ali Martinez flagged the Ethereum monthly signal, saying the Tom DeMark Sequential indicator printed a buy trigger on ETH’s monthly chart. The signal appeared after Ethereum traded through a weak June and remained near the lower end of its 2026 range. [caption id="attachment_465823" align="aligncenter" width="1158"] Source: @alicharts via X[/caption] ETH recently traded near $1,625, with…