Ethereum Whales Acquire $350M in ETH Ahead of December Fusaka Upgrade

Published at 2025-11-12 17:00:25

On-chain activity shows major Ethereum holders bought about $350 million in ETH even as prices trended lower, concentrating balances in large wallets and reducing supply on exchanges. That accumulation came in the run-up to the planned December Fusaka upgrade, and market watchers are interpreting the flows as a vote of confidence by sophisticated players. Why it matters: whale buying can tighten available float and provide support if retail demand returns, while the Fusaka upgrade could be a catalyst for renewed interest if it delivers promised protocol improvements. Traders should still weigh macro risk and volatility — heavy accumulation by whales doesn’t guarantee immediate price upside, but it does shift the short-term supply dynamics heading into the upgrade.

EthereumFusakaOn-ChainWhalesMarket

Share on:

Aethir says it halted a bridge exploit on its Ethereum-linked contracts, keeping losses below $90,000. Security firm PeckShield had earlier estimated the damage at about $400,000; Aethir pledged to compensate affected users.

BridgeEthereumSecurityPeckShieldAethirATH

Published at 2026-04-10 11:15:12

BlackRock Appoints Galaxy Digital as Validator for ETHB After $435M AUM

BlackRock has tapped Galaxy Digital to serve as a validator for ETHB, its staked-Ethereum ETF, after the fund’s assets topped $435 million on April 8. The appointment broadens the ETF’s validator roster and reflects rising institutional interest in ETH staking.

Galaxy DigitalEthereumETHBBlackRockStakingETFs

Published at 2026-04-09 21:45:38

Tom Lee’s BitMine Uplists to NYSE as Ethereum Firm Boosts Buybacks to $4B

BitMine Immersion Technologies, the Ethereum-focused treasury vehicle associated with Tom Lee, said Thursday it has increased its share buyback authorization to $4 billion and completed an uplisting to the New York Stock Exchange. The moves are aimed at tightening supply and expanding access to institutional investors.

EthereumNYSEBuybacksTom Lee

Published at 2026-04-09 16:15:51

Ethereum Foundation to Convert 5,000 ETH to Stablecoins via CoW Swap TWAP

The Ethereum Foundation plans to offload 5,000 ETH into stablecoins using a TWAP execution via CoW Swap, aiming to limit market impact and timing risk.

TWAPStablecoinEthereumTreasuryCoW Swap

Published at 2026-04-08 17:01:14

Ethereum Foundation Converts 5,000 ETH to DAI in $10M Treasury Move

The Ethereum Foundation has begun converting 5,000 ETH—roughly $10 million—into the stablecoin DAI. The transaction appears to be part of a treasury diversification strategy aimed at preserving funding for long-term development.