Alex Van de Sande, a co-founder of the Ethereum Name Service (ENS), proposed Monday that the ENS DAO delegate 5 million ENS tokens from its dormant community treasury to individual participants.
Alex Van de Sande, a co-founder of the Ethereum Name Service (ENS), proposed Monday that the ENS DAO delegate 5 million ENS tokens from its dormant community treasury to individual participants, a step he said would end the DAO's reliance on what he called “just a 1-of-1 multisig.”
“Currently, one delegate has enough quorum to not only execute any proposal, but also to outvote the next 50 other delegates,” Van de Sande said in the proposal, in an apparent reference to ENS co-founder Nick Johnson.
Van de Sande filed the idea as a formal draft, "Reform DAO governance by delegating 5M ENS tokens," in the Meta-Governance section of the ENS DAO's discourse forum. In a post on X, he said participants would not own or be able to sell the delegated tokens, which belong to the DAO, and floated adding another 5 million tokens next year, an undelegation trigger after six months of inactivity, and a full sunset of the arrangement after two years.
Van de Sande said the proposal draws on unclaimed supply from ENS's original airdrop five years ago, which set aside half its tokens as a "community treasury" to be distributed over five years. That window has now lapsed with little of the allocation distributed, he said.
Part of a Wider FightThe proposal follows weeks of conflict over control of ENS DAO's treasury and governance. On June 19, ENS Labs COO Katherine Wu published a temp-check proposal to shift the DAO's operational wallet, ENS holdings and Karpatkey-managed Endowment to a five-seat ENS Foundation board, as The Defiant reported.
Three days later, Johnson said he would self-delegate his ENS to back the measure, a move delegates said gave him effective control of the outcome. Rotki founder Lefteris Karapetsas wrote on the forum that Johnson had "delegated ~50% of the voting supply to himself, essentially becoming the DAO," and Security Council member Brantly Millegan called the proposal "the equivalent of treasury capture by ENS Labs," The Defiant reported.
The dispute widened in late June when Johnson, using that same delegated voting power, blocked an onchain vote to renew the DAO's Security Council, a multisig empowered to cancel malicious proposals already in the timelock queue. Johnson controls an estimated 3.26 million ENS tokens, roughly half of all ENS currently delegated to any address. Christoph Jentzsch, who wrote code for the original 2016 "The DAO," responded by proposing on X that ENS DAO dissolve itself outright, calling the DAO "broken," The Defiant reported.
Both the Foundation temp check and the Security Council renewal remain unresolved. Van de Sande's plan would not change that dispute directly — it draws on a separate, dormant pool of DAO-held tokens — but it lands amid an active debate over whether ENS's governance concentrates too much power in one delegate.
ENS co-founder Alex Van de Sande put forward a proposal on Monday to delegate 5 million ENS tokens from the project’s dormant community treasury directly to individual participants. The move, he said, would end the DAO’s dependence on what he characterized as “just a 1-of-1 multisig.”
A governance crisis months in the making The proposal didn’t materialize out of nowhere. ENS DAO has been mired in governance disputes throughout June and July 2026, with blocked votes and escalating tensions between community factions. At the center of the controversy sits Nick Johnson, ENS’s other co-founder, who reportedly holds approximately 50% of the active voting supply through self-delegated tokens.
The disputes have also touched on attempts to expand the ENS Foundation’s role, which some community members interpreted as a potential “governance attack.”
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What 5 million tokens would actually change The ENS DAO originally received an allocation of 50 million ENS tokens. Of those, 5 million were claimed early in 2021 during the project’s initial distribution phase, leaving a substantial portion sitting in treasury wallets.
Van de Sande’s proposal would take 5 million tokens, roughly 10% of the original allocation, and delegate them to individual governance participants. The tokens would remain in the treasury, but their voting power would be assigned to active participants. The ENS DAO treasury valuations range from approximately $88 million in liquid assets to over $350 million in total worth when including the underlying ETH-based endowment managed by Karpatkey.
Katherine Wu, another prominent figure in ENS governance circles, has been involved in the ongoing discussions.
What this means for ENS holders and DAO watchers Van de Sande’s framing of the current setup as a “1-of-1 multisig” is a deliberate provocation, designed to highlight that the current governance apparatus has the trappings of decentralization without the substance. A multisig wallet typically requires multiple signers to approve a transaction. A 1-of-1 multisig is just a regular wallet with extra branding.
Delegating treasury tokens to active participants, rather than selling them or letting them sit idle, represents a middle path between hoarding assets and diluting existing holders. However, redistributing voting power means existing large holders would see their relative influence diluted — the same stakeholders who would need to approve the proposal are those whose power it would reduce.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum Name Service price surged by almost 19% showcasing bullish momentum. ENS’ daily trading volume has increased by 170% showing buying interest. Ethereum Name Service (ENS) has recorded a major technical breakout, and this could be a change of market sentiment as the altcoin takes a firm step above important moving average lines. The recent price movement indicates a high bullish potential that may mark the start of a long-term bullish trend of the domain name protocol token.
The most significant change in the technical environment of ENS is the fact that it has broken out above the 50-day EMA of $20.46 and the 200-day EMA of $21.34. This two-moving-average break is a very strong bullish indicator in technical analysis because the price has succeeded in breaking two major resistance levels at the same time. The price has settled above these important levels and has turned them into possible support areas for the price in the future.
According to the CoinMarketCap data, this breakout has an impressive momentum, as ENS has seen a significant 19% price increase along with an unprecedented 170% growth in its daily trading volume. This increase in volume is especially notable since it shows a true interest in the market and not a low-volume pump, which gives credence to the present bullish run.
What’s Next For Ethereum Name Service (ENS) Price? With an RSI of 77, the bullish momentum is very strong, but it is close to being overbought. Although this indicates that the rally is quite strong, traders must know that the RSI level could be a cause of concern to new entries since there is a possibility of a short-term pullback before another leg up.
The MACD indicator that shows positive values also proves the bullish thesis, and the momentum oscillator proves the power of the current upward trend. This technical convergence gives further support to the sustainability of the breakout.
Another aspect, which is perhaps equally important, is the social sentiment, which is measured by social sentiment indicators. The decrease of negative sentiment towards a more neutral and positive one indicates the increased confidence of the community and possibly the wider awareness of the value of ENS within the decentralized web ecosystem.
Strategically, the breakout above the 200-day EMA is especially important since it is usually a sign of a shift in the bear market to a bull market period. Provided that ENS manages to hold the price above the $21.34 mark, it may receive more institutional and retail attention, which would likely facilitate further price growth over the next few weeks.
Shubham Sahu is a crypto journalist and writer with extensive experience covering blockchain technology, digital currencies, and AI. With over seven years in financial markets, Shubham began his journey in traditional trading before uncovering his passion for the crypto verse. After making his first crypto investment in 2021, Shubham combines practical market experience with deep technical knowledge to provide insightful analysis and commentary.
Ethereum Name Service (ENS), a naming system based on Ethereum (ETH), edges higher by over 8% at press time on Wednesday, outpacing the broader crypto market with double-digit gains in the last 24 hours. With the bullish comeback of Ethereum surpassing the $3,100 mark, the ENS rally gains traction as part of its ecosystem, suggesting increased demand in the Web3 space.
Both derivatives and on-chain data flash bullish signals with increasing Open Interest and declining supply on exchanges aligning with the traders’ anticipation of an extended rally.
ENS Open Interest jumps nearly 50% CoinGlass’s data shows a 48% increase in ENS Open Interest (OI) over the last 24 hours, reaching $131.58 million. An increase in OI refers to heightened capital inflow in the derivatives market, suggesting a boost in traders’ interest.
A spike in OI-weighted funding rate to 0.0149% in the last 8 hours, from 0.0028%, reflects the bullish incline in traders’ interest. Bulls pay the positive funding rates to offset the imbalance in swap and spot prices.
The massive shakeout of short positions of $599.40K in the last 24 hours, compared to $119.27K of long positions, suggests a bullish inclination in the active positions. Adding credence to the bullish imbalance, the long/short ratio is at 1.0121. Typically, a ratio above 1 refers to a greater number of active longs compared to short positions.
ENS Derivatives. Source: Coinglass
Declining ENS supply on exchanges hit a record lowSantiment data shows a decline in the ENS supply available on exchanges, reaching 4.99 million tokens — the lowest since November 14. Based on the demand-supply correlation, the declining ENS supply could fuel the rising demand, extending the bullish run.
ENS supply on exchanges. Source: Santiment
ENS targets $30 breakout amid rising bullish momentumENS prints its fourth consecutive bullish candle on the daily chart on Wednesday, reclaiming the $26 level after five months. The recovery run accounts for a 41% rise so far in July, targeting the $30.29 resistance, last tested on February 3.
A decisive close above this level could push the uptrend towards $34.51, last tested on February 1, followed by the year-to-date high at $38.57.
A rising trend in the 50-day Exponential Moving Average (EMA) is on the verge of surpassing the 100-day EMA, which is considered a buy signal as short-term growth exceeds the medium-term trend.
The Moving Average Convergence/Divergence (MACD) and its signal line are rising higher in positive territory, indicating a bullish trend is in motion. An uptrend in histogram bars above the zero line suggests increased momentum.
The Relative Strength Index (RSI) reads 78 on the daily chart, indicating overbought conditions on the back of growing buying pressure.
ENS/USDT daily price chart.
However, if ENS fails to uphold momentum, a bearish turnaround could retest the $24.88 level, marked by the daily close on February 9.
Key Takeaways Ethereum Name Service just hit a 5-month high amid a strong spot market breakout. Can ENS flip $30 if shorts keep stacking up?
Ethereum Name Service [ENS] jumped 18.2% to reach a 5-month high of $26.76, breaking out from its long-standing downtrend.
Over the same period, trading volume spiked 197% to $369 million, indicating heightened on-chain and speculative activity.
The real question now: is this a flash rally, or the start of a bigger trend?
Buy-side pressure builds on spot markets For the first time in 2025, Ethereum Name Service recorded four consecutive days of positive Buy-Sell Delta.
On the 16th of July, ENS recorded 443k in Buy Volume compared to 363k in Sell Volume, reflecting a higher demand. The same pattern appeared over the past three days, with buy volume surpassing sell one.
Source: Coinalyze As a result, the market recorded a positive Buy-Sell Delta of 80k as of this writing, a clear sign of aggressive spot accumulation.
Santiment data added weight to this thesis. ENS’ Price–DAA Divergence stayed positive all week—suggesting rising network usage alongside the price increase.
That’s typically a sign that user growth is fueling the rally, not just speculation.
Source: Santiment Derivatives traders aren’t buying the breakout Interestingly, when we examine Ethereum Name Services derivatives, it seems investors rushed into the market to bet against the market.
Source: CoinGlass According to CoinGlass, Open Interest jumped 47.77% to $132.19 million, while derivatives volume soared 220.68% to $517.93 million.
But the broader Long/Short Ratio didn’t flip bullish, remaining at 0.97 as of press time. Short Positions still made up 50.75% of trades.
Source: CoinGlass Even on Binance, Long/Short Ratios for top traders hovered between 1.36 and 1.69, showing only moderate long-side conviction.
This indicates skepticism across futures traders, many of whom appear to be shorting the rally.
Is profit-taking underway? Unsurprisingly, as prices rallied, it created a profit-taking window for holders who had been underwater for the past 5 months.
Netflow data showed $3.46 million worth of ENS moving to exchanges—the highest level this year.
For three consecutive days, positive Netflows suggest traders may be locking in profits after holding through months of underwater prices.
Source: Coinglass When Exchanges recorded positive Netflow, it indicates more deposits than withdrawals, confirming aggressive profit taking.
Can ENS continue with the uptrend? According to AMBCrypto’s analysis, Ethereum Name Service experienced a strong upswing as demand recovered.
As a result, the altcoins’ Stochastic RSI surged to 100, edging into the overbought zone. At the same time, RVGI surged to 0.37, signaling strong upward momentum.
Source: TradingView While these indicators support buyer dominance, they also raise the risk of volatility ahead.
If bulls maintain control, ENS could test the $30 resistance next. However, if selling pressure increases, a retracement toward $23.06 is likely.
Key Takeaways ENS’s Long/Short Ratio is at 0.8034, indicating that bears are currently ruling. The altcoin can only turn bullish if it closes the daily candle above the $30.20 level.
On the 23rd of July, the overall crypto market experienced a price correction.
Amid this, Ethereum Name Service [ENS] reached a key resistance level, where it started facing selling pressure, and at press time, appeared poised for a price decline.
Why could ENS’ price fall? ENS stood at $27.80 at the time of writing after a 3.5% price surge in the past 24 hours.
During this period, the asset recorded an intraday high of $29.93, from which it has been consistently reversing due to strong selling pressure.
Despite the price decline, participation from investors has skyrocketed, leading to an 85% surge in trading volume.
According to AMBCrypto’s technical analysis, ENS looked to be in an uptrend, but due to an overstretched price over the past few days, the asset was now facing a correction.
On a smaller time frame, specifically the 4-hour chart, it appeared to have formed a textbook-style bearish triple-top price action pattern.
The altcoin breached its local support at $28, which has now opened the path for further price decline.
Source: TradingView If ENS continues to decline, there is a strong possibility that it could drop by 8% and reach the $25.20 level.
This bearish price outlook has been further strengthened by recent trader activity, as revealed by the on-chain analytics tool CoinGlass.
At present, ENS’s Long/Short ratio was 0.8034, indicating strong bearish sentiment. Moreover, 44.55% of top traders were betting on bullish long positions, while 55.45% were on bearish short positions.
Source: CoinGlass Thus, it seems that the bears are dominating.
Exploring a bullish scenario This bearish outlook could only end if the asset rallies, breaches the key resistance level of $29.90, and closes above $30.20.
This can cause the asset to turn bullish, potentially seeing a price uptick of over 25% and reaching the $37.90 level.
Key Takeaways Over 250K ENS tokens exited exchanges, pushing the price from $18 to $30. With no new inflows and liquidity building at $32 and $26, traders now eye a breakout or correction before a potential $45 move.
Ethereum Name Service [ENS] extended its rally by more than 10% in the past 24 hours, climbing from a mid-July low of $18 to nearly $30.
This price jump aligned with a sharp drop in Exchange Reserves and a visible spike in Exchange Outflows, signaling strong accumulation.
But can this momentum continue, or are profit-taking pressures about to kick in?
Massive withdrawal from exchanges hints… Data from CryptoQuant shows that over 250,000 ENS tokens were withdrawn from the top 10 exchanges around mid-July.
When the price was overlaid on this data, ENS had surged from $18 to $30 at the time of writing. This withdrawal was a hint that market participants were anticipating this move.
Source: CryptoQuant Since Exchange Outflows usually point to reduced sell pressure, the lack of new Inflows implies that investors are still holding — possibly expecting more upside.
Momentum holds, but resistance ahead Now, assessing the impact on the price action, the ENS price was trading around the $30 level. This matched with the shifting market structure of the ENS where it was now making new, higher lows.
Seconding this bullish outlook were the Chaikin Money Flow (CMF) and MACD, which were all in support. The CMF was at 0.1 while the MACD had turned green, at press time, but the momentum was reducing, potentially because of the range around $30.
Source: TradingView Alternatively, ENS price could remained around the $30 zone, which could prompt some holders to liquidate their positions in fear of wiping out garnered profits.
A break and sustained stay above $30 could open the door for a move toward $45. A reclaim of the $45 could spark more bullishness, which could in turn drive the price past $50.
However, is the liquidity enough to actualize this?
ENS confined between liquidity According to CoinGlass’ 24-hour Liquidation Heatmap, ENS is sandwiched between two critical zones.
Liquidity above $32–$34 could act as a short squeeze trigger, fueling an upside breakout. And, liquidity below $29, especially near $26, poses downside risk if longs get flushed.
Source: CoinGlass If ENS holds above $30 and triggers liquidations near $32, it could push toward $34–$35. However, if support at $29 breaks, weak-handed longs may exit, dragging the price back to $26 before a bounce.
This week’s $453M release forms part of $4.7B in scheduled September unlocks, a pace that could keep volatility elevated across majors.
A fresh wave of token releases is set to hit the crypto market this week, with more than $453 million worth of major assets scheduled to enter circulation.
Data from the Tokenomist website shows significant cliff unlocks for Ethereum Name Service (ENS), Immutable X (IMX), and Elixir (ELX), alongside daily linear distributions impacting heavyweights like Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX).
Unlocks Add Supply Pressure Across Key Projects ENS leads this week’s unlocks, with about $213 million worth of tokens scheduled to hit the market, an amount that makes up just over 3% of its circulating supply. It is followed by IMX with an upcoming release valued at about $55 million, accounting for slightly more than 1%of its supply.
Among projects experiencing steady daily linear releases, Solana will see close to $100 million added to its supply, while the Worldcoin project is set to make available around $32 million worth of its native WLD token.
Meanwhile, DOGE will activate more than 96 million new coins valued at $19.79 million, with Celestia preparing to introduce an additional 6.96 million TIA tokens priced at about $13 million.
Avalanche will also expand its supply by roughly $16 million, and Sui will contribute 3.01 million coins worth just under $10 million. Combined, these events form part of the broader $4.7 billion in token unlocks expected throughout September.
Historically, cliff unlocks often lead to volatility when sudden supply hits the market without matching demand. On the other hand, linear schedules can provide a more gradual release, and with multiple high-value unlocks overlapping this week, traders are advised to keep an eye out for short-term turbulence, especially in lower-liquidity tokens.
You may also like: Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Worldcoin Rival Humanity Protocol’s Token Crashes 88% as $30M Wallet Drain Sparks Security Panic Could Dogecoin (DOGE) Be Setting Up for Its Next Big Move? Analysts Think So Market Impact: Eyes on Solana and Dogecoin Solana stands out as both a beneficiary of bullish technical momentum and a project facing a notable unlock.
As recently reported by CryptoPotato, on-chain data shows nearly $4 billion worth of SOL accumulated around $180, with additional treasury purchases adding support. Analysts suggest the golden cross could fuel further upside if buying pressure absorbs the fresh supply, though resistance near $0.002 BTC remains a test.
Elsewhere, Dogecoin’s outlook is less clear. The OG meme coin is consolidating below $0.23, a breakout level that analyst Ali Martinez has flagged as pivotal for short-term rallies. And with close to $20 million in new tokens entering circulation this week, the added supply could weigh on the asset unless bullish sentiment returns.
October is shaping up to be a pivotal month for the crypto market, with more than $1 billion worth of tokens preparing to enter circulation. A series of major token unlocks from leading projects, including Aptos, Ethereum Name Service (ENS), ImmutableX, and Bittensor, is set to test market resilience and liquidity. With billions in previously locked assets set to move freely, investors are bracing for heightened volatility and short-term price fluctuations across the board.
In brief More than $1 billion in crypto tokens will enter circulation between October 4 and November 4, 2025. Major unlocks from Aptos, ENS, ImmutableX, and Bittensor could pressure market prices and liquidity. Sudden supply surges may trigger volatility as investors adjust to the new circulation dynamics. Key unlocks include TON, Avalanche, and LayerZero, with analysts watching market reactions closely. Several Crypto Tokens Set to Unlock: Market Faces Potential Price Pressure According to data from DefiLlama, between October 4 and November 4, 2025, about $1.051 billion worth of crypto tokens will be released from vesting contracts. Many blockchain projects use locking or vesting periods to prevent early investors from selling immediately after launch, helping maintain price stability and investor confidence.
Once these restrictions are lifted, however, the sudden increase in circulating supply can put downward pressure on prices if demand fails to keep pace, making unlock schedules a key focus for traders monitoring market movements.
Massive Crypto Unlocks Poised to Shake Up the Market The wave already began on October 5, with Aethir releasing 65.58 million of its digital coins, followed by Aptos with 58.75 million. Flare added 44.73 million, while Big Time contributed 32.07 million to circulation.
Ethereum Name Service (ENS) unlocked 19.82 million tokens, while ImmutableX added 17.65 million. Other projects on the unlock schedule included Celestia with 9.62 million, Bouncebit with 7.93 million, Delysium with 4.27 million, and Stepn with 2.66 million.
A week later, on October 12, several major token unlocks are expected across key projects:
Bittensor is scheduled to release 49.44 million tokens, marking one of the day’s largest unlocks. Arbitrum is set to release 40.03 million tokens. Connex expects to introduce 36.78 million tokens into circulation during the same window. QuantixAI is preparing an unlock of 33.21 million crypto coins. Omni Network has 27.66 million tokens coming out of vesting contracts. Debridge is anticipated to release 20.06 million tokens to the market. Vana rounds out the list with 10.57 million tokens scheduled for unlock, bringing the total for the day to over 200 million. Smaller unlocks from Celestia, Apecoin, Zetachain, and other projects will add around 4.67 million more tokens. Later in the month, TON will conduct one of the largest unlocks, freeing 102.89 million tokens, followed by LayerZero’s 55.03 million and Avalanche’s 50.14 million.
Additional releases from Kaito, Melania’s meme coin, Tornado Cash, and Orderly are expected between October 19 and November 2, adding further liquidity to the market. As these events unfold, market participants will closely monitor trading volumes, price reactions, and overall sentiment as billions in newly unlocked tokens enter the market.
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James G.
James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
14 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
14 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
14 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
14 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
14 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
[PRESS RELEASE – Buenos Aires, Argentina, November 18th, 2025]
Today, the Filecoin ecosystem launched Filecoin Onchain Cloud, a decentralized cloud platform offering verifiable storage, fast retrieval, and fully on-chain programmable payments. Early integrations are from the ERC-8004 community, Ethereum Name Service (ENS), KYVE, Monad, Safe, Akave, Storacha, Geo Podcasts, and more. The launch was announced at DePIN Day Buenos Aires, hosted by Fluence.
Centralized Outages Expose Crypto’s Dependence
Recent outages at major cloud providers have taken Web3 offline, underscoring its reliance on centralized infrastructure. Filecoin Onchain Cloud offers a verifiable alternative for builders seeking open, resilient systems.
New pressures are also straining centralized stacks. AI systems produce data at a massive scale, governments dictate where it can reside, and on-chain AI agents now need different infrastructure.
A Foundation for Verifiable Infrastructure
Filecoin Onchain Cloud meets that demand by expanding the Filecoin network into a programmable layer for verifiable cloud services, enabling developers to compose storage, retrieval, and payment logic on-chain.
“Filecoin Onchain Cloud brings onchain guarantees like verifiability, programmability, and openness to cloud-scale infra services,” says Molly Mackinlay, CEO, FilOz. “With storage, retrieval, and payments that are all fully composable and auditable onchain, all Web3 dApps, agents, and infra networks can be truly unstoppable. Filecoin Onchain Cloud provides the building blocks applications need for a Cambrian explosion of onchain services powered by the global network of Filecoin service providers. Builders deserve a cloud built on proofs, not promises!”
Filecoin Onchain Cloud emerges from years of collaboration across the Filecoin ecosystem, uniting hot storage proofs, composable smart contracts, and on-chain payments.
Filecoin Pin, its first developer toolkit, persists IPFS content on Filecoin through simple, accessible tools.
At launch, Filecoin Onchain Cloud introduces core services that form the base of a decentralized cloud, accessible through the Synapse SDK. Warm Storage keeps data online with on-chain proofs, Filecoin Pay automates usage-based payments, and Filecoin Beam supports measured, incentivized retrievals. Together, they let developers compose, monitor, and monetize data services.
Early Integrations
Developers and teams are already experimenting with early integrations:
ERC-8004 / Agent0
ERC-8004 builders use Filecoin Pin to store agent identities and metadata verifiably on-chain. Agent0 extends this by pinning all agent data to Filecoin, enabling tamper-proof discovery without centralized catalogs.
“Agent ecosystems depend on verifiable metadata,” said Marc De Rossi, author of ERC-8004 and creator of Agent0. “By pinning agent identity and reputation data on Filecoin Onchain Cloud, we can ensure that discovery and interaction between agents happens on tamper-proof infrastructure. It’s a huge step toward an open standard for verifiable AI.”
Ethereum Name Service (ENS) and Safe
ENS, Safe, and Filecoin Onchain Cloud form an on-chain stack for deploying and governing trustless frontends, with ENS for naming, Safe for multi-sig control, and Filecoin Onchain Cloud for persistent, verifiable storage.
“Using ENS to give names for content and apps on the decentralized web has been possible since 2018,” said Simon Schmid, Developer Relations Lead, ENS Labs. “With Filecoin Onchain Cloud it is now possible to properly incentivize storage and availability at scale in a decentralized way. Super excited to see all the pieces coming together with Safe leading as an example of how it’s done,”
Monad
Through the Monad AI Blueprint program, developers can seamlessly deploy Filecoin Onchain Cloud storage endpoints and build AI systems that are fast, self-verifying, and wallet-controlled.
KYVE
KYVE uses Filecoin Onchain Cloud to durably store Celestia and Story Protocol chain data across decentralized providers. After starting in the Arweave ecosystem, they’re expanding to Filecoin for greater scale and faster validator syncing.
“At KYVE, our mission has always been to make blockchain data permanent, verified, and accessible to everyone,” said Fabian Riewe, Founder, KYVE. “By leveraging Filecoin’s Onchain Cloud, we’re taking the next step, scaling from terabytes to petabytes of decentralized storage. This collaboration brings us closer to a truly universal data infrastructure for Web3.”
Akave Cloud
Akave Cloud is using Filecoin Onchain Cloud to extend verifiable storage from hot workloads into a decentralized backup and archiving tier built for AI, IoT, ML, and compliance data that demands durable, auditable, affordable storage.
“By uniting Akave Cloud’s high-performance, verifiable S3-compatible infrastructure with Filecoin Onchain Cloud’s global decentralized storage network and services, users will gain more flexibility and have the ability to optimize for cost, speed, and durability within a seamless, unified system,” said Stefaan Vervaet, CEO, Akave.
Storacha
Storacha’s Forge offers IPFS-compatible warm storage with on-chain proofs of data possession. It provides high-throughput, auditable storage secured by Filecoin Onchain Cloud’s verification and payment rails.
“Storacha Forge is a new Filecoin Onchain Cloud service making verifiable warm storage radically affordable,” said Alexander Kinstler, CEO of Storacha. “At $5.99 per terabyte, Storacha Forge is built for the petabyte-scale data behind AI and DePIN. By building on the Filecoin Onchain Cloud, we combine cryptographic integrity with unmatched economics.”
Geo Podcasts
Geo Podcasts is built on the Geo knowledge-graph protocol and helps users discover top podcasts. By storing its podcast data, images, and knowledge-graph records on Filecoin Onchain Cloud, Geo Podcasts ensures all information is verifiable across applications.
“We want to make sure that all of Geo’s knowledge graph data is open and available to all,” said Yaniv Tal, Founder, Geo. “Filecoin Onchain Cloud gives users guarantees that their knowledge data will stay around, giving them even more confidence to contribute to the Geo knowledge commons.”
An Open Foundation
Filecoin Onchain Cloud lays the groundwork for a verifiable cloud ecosystem, and ongoing collaboration with the developer community will continue to grow the stack.
“Launching Filecoin Onchain Cloud is a huge milestone for the Filecoin network,” said Marta Belcher, President and Chair of the Filecoin Foundation. “FOC unlocks critical capabilities that will accelerate the Filecoin network’s mission to build a more open, resilient, and verifiable internet.”
Filecoin Onchain Cloud is live on Filecoin testnet today, with mainnet launch planned for January 2026.
Visit filecoin.cloud.
About Filecoin Foundation
Filecoin Foundation’s mission is to preserve humanity’s most important information, facilitate open-source governance of the Filecoin network, fund research and development for decentralized technologies, and support the growth of the Filecoin ecosystem and community.
About FilOz
FilOz is a research and development team advancing the Filecoin network through protocol engineering, research, and network upgrades.
ENS dropped plans for Namechain, its own Layer-2 network, as the ENSv2 upgrade stays on Ethereum L1. The ENSv2 will remain fully compatible with Layer-2 networks. In a significant strategic shift, the Ethereum Name Service (ENS) has announced that its next-generation protocol, ENSv2, will stayon Ethereum’s Layer-1 mainchain, dropping previous plans of building its own Layer-2 network, Namechain, according to a blog post by ENS co-founder Nick Johnson on February 6.
ENSv2 is the Ethereum Name Service’s upcoming major upgrade, intended to expand ENS capabilities to a Layer-2 network, providing users with lower fees and faster transactions than the Ethereum mainnet, as well as to provide structural modifications such as hierarchical registries, which give name owners more power and support for numerous chains.
Why ENS Dropped Its Layer-2 Plans Johnson wrote, “ Ethereum is scaling faster than almost anyone predicted two years ago; we’ve seen a 99% reduction in ENS registration gas costs over the past year, coinciding with Ethereum’s gas limit increases from 30M to 60M in 2025. By staying on L1, we’re aligning ENS with the strongest possible infrastructure guarantees, Ethereum itself.”
As Johnson mentioned, ENSv2 will still be released as planned, and halting work on Namechain will not affect the company’s broader roadmap. By having everything on one blockchain rather than two, he expects names to load faster and run more smoothly for users. Also, Johnson noted that the majority of the improvements made to make ENS easier to use over the last two years will stay in place.
Further, ENS Labs COO Katherine Wu shared a post via her X handle, “It is important to note that ENSv2 is ultimately an upgrade to ENS as it exists today — it’s still ENS! Regardless of where it ultimately gets deployed,” and highlighted new features such as individual registries for each ENS name and new apps currently in testing.
Vitalik Backs ENSv2’s Ethereum L1 Move Vitalik Buterin supported the ENS labs decision by saying, “It’s a good decision!” As he noted that ENS names and records represent a critical on-chain state for the Ethereum ecosystem, should remain easily accessible from anywhere.
Further, he added, “It’s also a semi-financial application, in the sense that buying and holding ENS names has a cost, and ENS names can become very valuable objects. With the expanded scaling roadmap, Ethereum L1 is the ideal place for these applications.”
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Writer with roots in journalism and international relations, actively exploring blockchain and crypto, with curiosity for the field and a passion for simplifying complex ideas.
Ethereum Name Service (ENS), the decentralized naming protocol that maps human-readable identifiers to blockchain addresses, has decided to discontinue development of its own Layer-2 blockchain. The move represents a recalibration of its technical roadmap as the Ethereum ecosystem continues to evolve around shared rollup infrastructure and modular scaling models.
The proposed ENS Layer-2 had been envisioned as a dedicated environment to reduce transaction costs and improve performance for domain registrations and name management. However, the rapid expansion of established Layer-2 networks offering robust developer tooling, liquidity, and user bases has altered the competitive landscape. By stepping back from operating a proprietary scaling layer, ENS is redirecting resources toward enhancing core protocol functionality and cross-network interoperability.
Layer-2 ecosystem maturity reshapes strategic priorities The Ethereum ecosystem has seen significant growth in Layer-2 solutions, including rollups and other scaling frameworks designed to increase throughput while maintaining security anchored to the mainnet. As these networks matured, they developed extensive infrastructure such as decentralized sequencers, shared security models, and developer support systems.
Against this backdrop, operating a dedicated ENS Layer-2 would have required sustained investment in technical maintenance, security guarantees, and ecosystem growth. Industry observers note that many decentralized protocols are increasingly opting to integrate with established scaling networks rather than duplicate infrastructure efforts. The consolidation of liquidity and user activity around leading rollups has made interoperability more strategically advantageous than fragmentation.
By discontinuing its own Layer-2 initiative, ENS aims to align more closely with the broader Ethereum scaling roadmap. The protocol is expected to focus on ensuring seamless name resolution across multiple Layer-2 environments, reducing user friction when interacting with decentralized applications that operate beyond the mainnet.
Refocus on core protocol and interoperability ENS remains a foundational component of the Ethereum identity layer, enabling simplified wallet addresses and supporting decentralized identity use cases. With the Layer-2 project discontinued, development efforts are expected to concentrate on strengthening metadata standards, governance processes, and compatibility with cross-chain ecosystems.
Enhancing interoperability has become increasingly important as users interact with decentralized finance platforms, NFT marketplaces, and identity services across various networks. ENS’s renewed emphasis on integration could improve its utility across multiple scaling environments without requiring the protocol to maintain its own execution layer.
Governance discussions within the ENS community have reflected a broader recognition that ecosystem cooperation may deliver greater long-term value than maintaining a standalone scaling solution. By leveraging existing Layer-2 infrastructure, ENS can potentially accelerate feature development and reduce operational complexity while preserving decentralization principles.
The decision also underscores a wider trend within the blockchain sector, where protocols are reassessing infrastructure ambitions in favor of specialization and composability. As modular architectures gain traction, building proprietary scaling layers is increasingly weighed against the benefits of integrating with shared networks.
While discontinuing its native Layer-2 marks a significant shift in strategy, ENS’s core mission of providing decentralized naming and identity services remains unchanged. The protocol’s ability to adapt to evolving scaling standards will likely shape its long-term relevance as Ethereum’s ecosystem continues to expand.
PANews reported on April 18 that Ethereum Name Service (ENS), an Ethereum domain name service provider, issued a security alert on the X platform, confirming a security issue and advising users to temporarily avoid accessing eth(dot)limo-related links. The team has begun investigating the security issues affecting DNS registrars.
ENS clarified that the issue currently only affects the eth(dot)limo domain name resolution service and does not involve eth(dot)link, nor will it affect the normal use of the ENS domain name service itself. This warning is issued out of caution; users should avoid using eth(dot)limo links until the relevant team confirms the issue is fully resolved. Further updates will be provided as they become available.
EasyDNS has confirmed that a security failure within its own systems allowed a social engineering attacker to briefly seize control of eth.limo, a primary gateway for the Ethereum Name Service.
Summary
An attacker impersonated an eth.limo team member to bypass account recovery protocols at easyDNS and gain control of domain settings. DNSSEC safeguards prevented the redirection of users to malicious sites by rejecting forged responses that lacked valid cryptographic signatures. EasyDNS is migrating the service to Domainsure to eliminate account recovery vulnerabilities and prevent future social engineering breaches. The incident occurred on Friday when an attacker successfully impersonated an eth.limo team member to initiate an account recovery process, gaining the authority to modify name server records and redirect the domain to Cloudflare.
The eth.limo team, in a post-mortem published Saturday, stated that they immediately notified the community and prominent figures like Ethereum co-founder Vitalik Buterin once the DNS hijack was identified.
Serving as a bridge for roughly 2 million decentralized websites, eth.limo is a high-stakes target because a successful compromise could allow hackers to divert users to malicious pages. Buterin himself issued an urgent warning on Friday, advising his readers to avoid his blog until the team could restore secure operations.
Security extensions prevent widespread impact EasyDNS CEO Mark Jeftovic noted that the presence of Domain Name System Security Extension (DNSSEC) played a critical role in stopping the attacker from causing further damage.
Because the hacker lacked the necessary cryptographic signing keys, modern DNS-aware resolvers rejected the forged responses, resulting in users seeing error messages rather than being funneled to phishing sites.
“We screwed up and we own it,” Jeftovic stated on Saturday, acknowledging that this was the first successful social engineering breach in the provider’s 28-year history.
The eth.limo developers highlighted in their own report that these safeguards likely reduced the “blast radius” of the hijack. While the service was disrupted, the team is currently unaware of any confirmed user impact or fund losses.
Jeftovic added that eth.limo is now being migrated to Domainsure, an enterprise-grade platform that does not offer a manual account recovery mechanism, effectively closing the loophole exploited in this attack.
The latest incident is one of the many recent infrastructure attacks hitting the crypto sector. Only days earlier, on April 14, the decentralized exchange aggregator CoW Swap lost control of its domain for several hours following a similar social engineering attack against the .fi registry, leading to an estimated loss of $1.2 million from affected users.
In the past two days, Bitcoin triumphantly hit the critical level of $20K. This sudden push from the primary crypto asset was after hovering between $18K and $24K regions for some months. But following the effects of some macroeconomic factors, the price of BTC was rounding the $19K region.
This year has been the toughest for crypto assets and other financial instruments. But the struggle to remain valuable is seemingly paying off as most coins are currently regaining loss values. Even though the Feds are still hawkish, the market is gradually moving towards a bullish sentiment.
However, the bullish trend in the broader crypto market is spreading gradually. The leading crypto kept its position strongly despite the bears struggling to take over.
The appearance of the bulls has deterred further decline for BTC. Other cryptocurrencies are taking to the north, with Ethereum Name Service (ENS) emerging as the top performer.
With the new movement of prices, the cumulative market cap has hit $964.91 billion, indicating a surge of 0.70% over the past 24 hours. The overall implication of events shows a slight improvement in the trend compared to yesterday and last week. However, the broader crypto market sentiment still has elements of fear.
Bitcoin Consolidates The $20K Level After hitting the critical level of $20,000 a few days ago, Bitcoin is currently displaying its sustainability. The asset has defended its stance on the level and also made an impressive consolidation. This was noted in the early trading hours of September 6, as the price of BTC reached $20,200.
It’s worth noting that the bears tried to pull down the price of Bitcoin yesterday as the token recorded $19,730 on Binance. Remaining at the critical level is the only chance for the leading crypto to make further uptrend.
At the time of writing, Bitcoin is hovering around $19,862 depicting a loss. Its market cap has reached over $386.2 billion, while its dominance over altcoins is at 40.04%.
Bitcoin depicts a loss on the chart l BTCUSDT on Tradingview.com Altcoins Are Calm, While ENS Surged The price movement for the altcoins show calmness, with a minimal drop for a few tokens. Most of the assets have consolidated their reclaims in the past day.
But the Ethereum Name Service’s coin, ENS is taking the lead with an almost 11% increase in today’s early hours trading. At the press time, ENS is trading at $16.91. EVMOS is closely following. Recall that EVMOS was the worst crypto asset in price performance as of yesterday. For Ripple (XRP), it seems to be a time of strength with progressive performance.
Featured image from Forbes, chart from TradingView.com
