Category: Ethereum news

Ether has begun outperforming Bitcoin as capital rotates away from US spot bitcoin exchange traded funds and into ether focused products. Bitcoin ETFs recorded net outflows of about $325.8 million on April 13, led by $229 million from Fidelity Wise Origin Bitcoin Fund and $63 million from ARK 21Shares Bitcoin ETF, signaling a cooling of one of bitcoin’s major demand sources.

In contrast, ether funds recorded modest daily inflows of roughly $7.7 million, while weekly inflows climbed to $187 million for the period ending April 10 — the strongest performance so far in 2026 after three weeks of combined outflows totaling about $308 million. Total cumulative inflows into ether funds have now reached a record $11.68 billion, supporting price gains of about 8% over 24 hours compared with bitcoin’s 5% increase.

Ethereum Network Activity Surges but Transaction Value Weakens

Activity on the Ethereum network has accelerated significantly, with daily transactions rising 41% week over week to approximately 3.6 million from around 2.5 million recorded on April 10. Among major networks, only Sonic and TON reported larger percentage increases, though from smaller starting levels.

Despite the surge in activity, stablecoin transfer volume on Ethereum dropped 42.6% during the same period, while transaction fees declined nearly 50%, indicating smaller transaction sizes and reduced economic throughput. Analysts note that bitcoin has remained stable despite ETF outflows, suggesting strong underlying spot demand, but the durability of ether’s outperformance will depend on continued fund inflows and stronger economic value behind network activity.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

Bitmine Immersion Technologies has accumulated 4.87 million Ethereum, valued at about $10.7 billion, making it the largest corporate ether treasury globally. The company is now roughly 81% of the way toward its stated goal of controlling 5% of total ETH supply, according to its latest update.

Chairman Tom Lee described ether as a “wartime store of value,” pointing to its relative strength during recent geopolitical tensions. He noted that ETH has risen about 17.4% since the Iran conflict began, outperforming both equities and gold by wide margins.

Bitmine has staked 3.33 million ETH, representing about 68% of its holdings, generating approximately $212 million in annualized staking revenue at a reported 2.89% yield. The company’s total assets, including cash and equity positions labeled “moonshots,” stand at $11.8 billion, which includes $719 million in cash and strategic investments such as a stake in Beast Industries and a position in Eightco Holdings.

Aggressive Accumulation Strategy and Market Positioning

Bitmine purchased 71,524 ETH in its latest weekly accumulation, continuing a multi-week buying streak. Lee said the firm believes Ethereum is entering the final phase of a “mini-crypto winter” and expects stronger upside driven by institutional adoption and blockchain-based financial infrastructure.

The company recently listed on the New York Stock Exchange, trading under the ticker BMNR. It now ranks as the second largest crypto treasury overall after Strategy, highlighting the growing concentration of digital assets in corporate balance sheets.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

The proposed $1.6 billion SPAC merger between Dynamix Corporation (DYNX) and The Ether Machine has been officially terminated after both parties cited unfavorable market conditions. The agreement, originally announced in July 2025, aimed to list The Ether Machine on the Nasdaq under the ticker ETHM, positioning it as a major Ethereum focused treasury company in public markets.

According to regulatory filings submitted to the U.S. Securities and Exchange Commission (SEC), the companies mutually agreed to end the deal. As part of the termination terms, Dynamix Corporation will receive a $50 million payment within 15 days as the transaction unwinds.

Ethereum Treasury Holdings and Planned Deal Structure

The Ether Machine is structured to function as an Ethereum treasury and yield vehicle, generating returns through staking and decentralized finance strategies while maintaining large ether reserves. The firm currently holds 496,712 ETH, valued at more than $1.1 billion, based on market pricing data.

PIPE Financing and Co-Founder Contribution Details

The original merger plan included a $1.5 billion fully committed PIPE financing, described as the largest all-common-stock raise of its kind since 2021, alongside roughly $170 million in Dynamix’s trust account. The combined company was expected to begin operations with over 400,000 ETH, supported in part by contributions from co-founder Andrew Keys.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss

Network activity on Ethereum has surged, with the seven-day average of transactions exceeding 1.3 million, returning to levels seen at earlier peak periods. Data shows the rise is consistent rather than a short-lived spike, pointing to steady growth in real usage.

Daily activity has also expanded significantly, with nearly 2 million wallets interacting with the network each day. Much of this momentum is linked to decentralized finance applications and Layer 2 scaling solutions that allow faster and lower-cost transactions. These platforms are encouraging users to actively trade, lend, and build applications instead of simply holding assets.

Ethereum Staking Growth and Price Stability Trends

Staking participation continues to strengthen the network. According to Token Terminal, more than 30% of total ETH supply is locked in staking, representing roughly $85 billion. This supports network security and signals long-term confidence among holders, although staking rewards have declined to around 3%–4%.

Despite strong fundamentals, the price of Ether remains near $2,200, suggesting market prices have yet to fully reflect rising network activity and long term growth.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

Bitmine Immersion Technologies officially began trading on the New York Stock Exchange (NYSE) on Thursday after transitioning from the NYSE American, where its shares stopped trading at Wednesday’s close. The move marks a major milestone for the company as it joins one of the world’s most established stock exchanges.

At the same time, Bitmine’s board unanimously approved expanding its 2025 share repurchase authorization from $1 billion to $4 billion. The buyback program, first approved on July 25, 2025, allows open market purchases under Rule 10b-18 of the Securities Exchange Act of 1934 through an agreement with Cantor Fitzgerald. The expanded authorization includes shares previously repurchased and ranks among the 10 largest buybacks announced in 2026.

Ethereum Holdings and Staking Activity Continue to Grow

Bitmine reported holding 4.803 million ETH as of Monday, representing approximately 3.98% of Ethereum’s total supply. In the week ending April 5, the company added 71,252 ETH, marking its largest weekly acquisition since December.

As of April 6, Bitmine disclosed 3,334,637 staked ETH, valued at approximately $7.1 billion at $2,123 per token, reinforcing its position as one of the largest Ethereum staking participants globally.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

The Ethereum Foundation has initiated a plan to convert approximately 5,000 ETH, valued at nearly $11 million, into stablecoins to support operational costs, research, and grant funding across the Ethereum ecosystem. The conversion is being executed through CoWSwap using its Time-Weighted Average Price (TWAP) feature to minimize market impact.

CoWSwap TWAP Strategy Supports Funding Stability

The ongoing transactions are sourced from a wallet identified by Arkham Intelligence as the “Ethereum Foundation DeFi Ecosystem” wallet. Each TWAP transaction has been valued at just under $1 million, marking the foundation’s first use of TWAP sales since October, when it sold 1,000 ETH worth about $4.5 million at the time.

The wallet itself was funded with 50,000 ETH in January 2025, reflecting a broader shift in treasury management. The foundation previously faced criticism over recurring ETH sales and has since adopted alternative funding approaches.

Treasury Strategy and Recent ETH Sales

Earlier in March, the Ethereum Foundation sold 5,000 ETH, worth about $10.2 million, to BitMine Immersion Technologies through an over-the-counter transaction. A prior sale of 10,000 ETH was completed with SharpLink Gaming in July 2025, marking continued institutional treasury engagement.

Current Holdings and Staking Plans

According to Arkham data, the Ethereum Foundation’s main wallet currently holds 102,000 ETH valued at roughly $228 million, along with 21,000 AETHWETH worth about $47 million and 6,000 WETH valued near $14 million. The foundation also holds approximately $1 million in DAI and USDC stablecoins.

The organization has also staked 47,050 ETH, moving toward its 70,000 ETH staking target, while co-founder Vitalik Buterin has independently converted portions of ETH into stablecoins to support open-source development initiatives.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

The on-chain value of stablecoins on the Ethereum network has reached an all-time high of $180 billion, according to blockchain analytics firm Token Terminal. This marks a 150% increase over the past three years, highlighting Ethereum’s continued dominance in the stablecoin ecosystem.

Ethereum Leads Stablecoin Growth

Ethereum currently holds around 60% of the total stablecoin supply, and projections suggest that the network could see up to $850 billion in new inflows by 2030 if current growth trends continue. Across all blockchain networks, roughly $1.7 trillion is expected to move on-chain over the next four years.

Major financial institutions, including BlackRock, JPMorgan, and Amundi, have launched tokenized funds on Ethereum, reinforcing its role as the leading platform for stablecoins and tokenized real-world assets (RWAs). In the first quarter of 2026, the total stablecoin supply across all networks hit a record $315 billion.

Market Momentum and Institutional Adoption

Ethereum’s dominance extends beyond the main network. Including EVM-compatible and Layer-2 networks like Arbitrum, ZKsync Era, and Base, Ethereum’s share of stablecoins rises to over 65%. Analysts note that this liquidity surge has contributed to positive sentiment and crypto market rallies.

Nick Ruck, director at LVRG Research, said the momentum supports a long-term bull cycle driven by tokenized assets and institutional adoption, though competition, regulatory challenges, and macroeconomic factors remain potential hurdles.

JPMorgan CEO Highlights Tokenization

JPMorgan CEO Jamie Dimon emphasized the growing impact of blockchain-based solutions, including stablecoins and smart contracts. JPMorgan launched its first tokenized money market fund (MONY) on Ethereum in December 2025, signaling major banks’ increasing adoption of tokenized financial products.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.