Ethereum (ETH)

A whale spent $11,816,003 to buy 7,000 $ETH. In total, the whale has bought 17,800 $ETH for $29.76M at an average price of $1,672 over the past 10 days. https://t.co/E2l7fQLH4h https://t.co/zRuNK9xJrh

✍🏻 #Ethereum is once again testing a multi-year ascending support that has held through previous bear markets. Every major touch of this trendline has historically been followed by a strong recovery. As long as this support remains intact, $ETH could be forming the foundation for its next major move upward. #CryptoMarket

AV22 closed with over 20% profit! Let's go for more 💪 https://t.co/Fiez8ZXl2E

Najlepsze jest to, że wszystkie wielkie narracje #ETH — “ultrasound money”, “world computer”, “settlement layer for humanity” itd. — poszły się czesać.😁 T.Lee @fundstrat to sympatyczny gościu, który marnuje kasę na coś co nie ma max supply limit. "Cursed asset. Lost decade"

🗞️ Need to catch up on the news? Here's our top 10 from today: 🔸 SpaceX bankers are preparing a $20 billion bond offering as early as next week to fund the company's AI expansion ambitions, per Reuters. 🔹 The CFTC has resolved its enforcement action against Celsius founder Alex Mashinsky, permanently banning him from trading and registration. 🔸 The SEC and CFTC have issued a joint request for public comment to clarify and harmonize derivatives product definitions and jurisdictional frameworks. 🔹 Bipartisan crypto negotiators are in an 11th-hour push to finalize the Clarity Act market structure bill before August recess, per Punchbowl. 🔸 Morgan Stanley has filed amended ETF registration statements for both Ethereum and Solana. 🔹 U.S. regulators have proposed requiring stablecoin issuers to implement customer identification programs under the GENIUS Act. 🔸 Microsoft identified a new crypto clipper malware that steals wallet data and replaces copied cryptocurrency addresses with attacker-controlled ones. 🔹 Strategy’s $STRC fell to a record low of $85.32 as Bitcoin dropped below $63,000. 🔸 The U.S. Federal Reserve proposed requiring certain payment stablecoin issuers to implement customer identification KYC programs. 🔹 G7 leaders called for coordinated action against North Korea's cryptocurrency thefts and cybercrimes.

This is one of the dumbest comparisons I’ve seen. Gainzy is comparing the price of a single asset (ETH) to the total market cap of the entire crypto industry. A big part of that MCAP growth is just from the explosion of new tokens — we’re talking tens of thousands of them — not because the actual value of everything went up that much. ETH is one specific asset. It doesn’t make sense to compare it directly to the whole market like that.

Former Ethereum Foundation Contributor Warns of Potential Core Development Funding Crisis Within 3–9 Months Former Ethereum Foundation contributor @trent_vanepps said Ethereum could face a “slow-burning funding crisis” for core development within the next 3–9 months, citing the Ethereum Foundation’s spending reductions and the expiration of the Client Incentive Program (CIP). He estimated Ethereum’s core development ecosystem requires roughly $30 million in annual funding and argued that new institutions and funding mechanisms will be needed as the Ethereum Foundation was not designed to be a permanent steward of the network.

Ethereum core development, possible funding crisis within 3–9 months https://t.co/IA5RgoHXHq https://t.co/PGvCCGoWeo

Morgan Stanley has filed an amendment for both the Ethereum and Solana spot ETFs. This shows that the firm is getting closer to launching these funds despite the current negative sentiment in the crypto market.