Key Takeaways Bitmine delivered $46.5M in Q3 revenue, representing a 2,200% year-over-year increase, almost exclusively from Ethereum staking operations. Staking and validation services generated 98% of total quarterly revenue at $45.7M, while Bitcoin mining contributed only $624K. The firm controls 5.77 million ETH—valued at approximately $10.5B—establishing it as the world’s largest corporate Ethereum holder. A $9.1B nine-month net loss was largely attributed to a non-cash impairment charge tied to ETH price depreciation during the reporting period. Projected annualized staking revenue approaches $242M, with 85% of the company’s ETH treasury currently deployed in staking. Bitmine Immersion Technologies delivered one of the crypto sector’s most striking quarterly performances this earnings cycle. The company reported $46.5 million in revenue for the quarter ending May 31—a dramatic surge from approximately $2 million in the same period last year. This 22-fold expansion stems almost entirely from one strategic pivot: Ethereum staking.
Bitmine Immersion Technologies, Inc., BMNR
Validation and staking operations generated $45.7 million in quarterly revenue, representing 98% of the company’s total top line. A year prior, this revenue stream was virtually nonexistent. Bitcoin self-mining operations contributed $624,000, while consulting services added $168,000—both representing minimal portions of the overall revenue mix.
Through its MAVAN platform, Bitmine has deployed 4.9 million ETH for staking, which equals 85% of its entire holdings. As of July 12, the company’s treasury contains 5.77 million ETH—worth roughly $10.5 billion at current valuations—representing 4.8% of Ethereum’s circulating supply.
Tom Lee, serving as Bitmine‘s chairman, emphasized that the firm has staked a larger quantity of ETH than any other organization globally. He projected annualized staking revenue could approach $284 million once the entire treasury is fully deployed. A separate internal estimate places the annualized projection at $242 million, calculated using a 7-day yield of 2.70%.
Understanding the $9 Billion Loss Figure The most attention-grabbing number in the earnings report is the $9.1 billion nine-month net loss. However, proper context is essential. Virtually the entire amount—$9.04 billion—stems from a non-cash impairment charge on digital asset holdings as ETH prices declined throughout the reporting period.
For the three-month period ending May 31, the net loss contracted significantly to $83.6 million. The quarter’s operating loss totaled $11.9 million, with an additional $92 million loss attributed to derivative contract positions.
This represents the fundamental challenge in Bitmine’s financial reporting: bottom-line results will fluctuate dramatically with Ethereum price movements, even as the underlying staking operation produces relatively consistent revenue.
MAVAN Platform and Robinhood Chain Integration MAVAN—an acronym for “Made in America VAlidator Network”—went live in March following Bitmine’s acquisition of Pier Two Holdings, an Australian validator service provider. Initially developed as internal infrastructure for Bitmine’s own Ethereum holdings, the platform has since expanded to accommodate institutional investors, custodians, and ecosystem collaborators.
Tom Lee also highlighted the July 1 launch of Robinhood Chain, noting it exceeded $1 billion in trading volume within its initial weeks and currently processes more trading volume than any other decentralized exchange. Since ETH functions as the native gas token for Robinhood Chain, the platform’s 27 million users are effectively paying transaction fees denominated in Ethereum.
Across the wider industry, recent analysis revealed that staking represented 60% of disclosed revenue among publicly traded firms holding ETH treasuries during 2025.
Bitmine’s seven-day annualized staking yield measured 2.70% according to the latest available data, with 15% of its Ethereum holdings remaining unstaked and available for future deployment.
When the guy who spent 20 years at BlackRock, including a stint running digital assets strategy, tells you he left to bet his career on Ethereum, it’s probably worth hearing him out.
Joe Chalom, now CEO of Sharplink (Nasdaq: SBET), has been making a pointed argument that Ethereum deserves a spot in corporate treasuries, not just as a speculative hold but as a yield-generating, programmable asset that outpaces Bitcoin on several practical dimensions. And he’s putting real capital behind it.
From BlackRock to Ethereum treasury company Chalom joined Sharplink in July 2025, leaving behind two decades at the world’s largest asset manager. In late June 2026, Sharplink raised $75 million through a registered direct offering specifically aimed at expanding its ETH holdings. The company stakes nearly all of its Ethereum, with roughly $200 million allocated toward liquid restaking strategies in early 2026.
The strategy is built around a deceptively simple metric: increasing ETH per share. Rather than chasing flashy DeFi plays or speculative token launches, Chalom has described a disciplined capital allocation approach. Buy ETH, stake it, earn yield, repeat.
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Sharplink’s institutional ownership surged from 6% to 47% between mid-2024 and March 31, 2026. That’s not retail hype. That’s Fidelity-level capital walking through the door. The company also counts Ethereum co-founder Joseph Lubin as its board chairman.
The bull case against Bitcoin Chalom’s core argument centers on utility. Bitcoin’s value proposition has crystallized around being digital gold, a store of value, a hedge against monetary debasement. Chalom contends that Ethereum does everything Bitcoin does while also powering a massive ecosystem of actual economic activity.
The numbers he cites are striking. Ethereum constitutes over 50% of all stablecoins in circulation. It accounts for more than half of real-world asset tokenization activity. And it dominates DeFi, the sector of crypto where protocols actually generate revenue by facilitating lending, trading, and other financial services.
Staking, restaking, and the yield advantage Bitcoin holders earn nothing for holding Bitcoin. Ethereum stakers earn rewards for helping validate transactions on the network. Sharplink has taken this a step further with liquid restaking, a more sophisticated strategy where staked ETH is simultaneously used to secure additional protocols. This creates layered yield without selling the underlying asset.
That said, Ethereum’s yield is not risk-free. Smart contract vulnerabilities, slashing penalties for misbehaving validators, and protocol-level changes can all impact returns. Liquid restaking adds another layer of complexity and smart contract risk on top of that.
What this means for investors Ethereum’s quantum resistance roadmap adds another layer to the long-term bull case. The network has a dedicated post-quantum security team working on migration processes projected around 2029, part of what’s been called the “Lean Ethereum” strategy.
Investors watching this space should track Sharplink’s ETH per share metric closely. If Chalom can consistently grow that number while the underlying asset appreciates, the Ethereum treasury model will speak for itself.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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Bitcoin and Ethereum price climbed after cooler-than-expected U.S. inflation data improved market sentiment. Just hours after, a Japan Bitcoin ETF bill cleared a major committee in the country’s Upper House, raising expectations that spot Bitcoin exchange traded funds could eventually reach Japanese investors. The combination of easing inflation and friendlier regulation gave crypto traders another reason to stay bullish.
Japan’s proposal would classify cryptocurrencies as financial instruments under the Financial Instruments and Exchange Act while lowering crypto taxes to a flat 20%. If passed into law, the framework could allow spot Bitcoin ETFs to launch on the Tokyo Stock Exchange by 2027.
Elsewhere, South Korea advanced plans recognizing virtual assets within national asset rules, while policymakers in India, Europe, and the United States continued debating crypto regulation.
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Japan Bitcoin ETF Sparks Fresh Price OptimismThe Japan Bitcoin ETF proposal has quickly become the day’s biggest story. After years of cautious regulation, lawmakers are now considering a framework that brings digital assets closer to traditional financial markets. Lower taxes and the prospect of regulated investment products could attract both institutional and retail capital once the legislation clears the remaining stages.
🇯🇵BREAKING: Japan advances landmark bill to legalize Bitcoin ETFs.
Japan’s Upper House committee has approved legislation to reclassify bitcoin and other cryptocurrencies as financial instruments, paving the way for spot crypto ETFs as early as 2027.
The proposal would also… pic.twitter.com/VzTbAUcBBm
— Coin Bureau (@coinbureau) July 15, 2026 Outside Japan, governments are moving at different speeds. India’s Finance Ministry is pushing regulators to strengthen oversight without appearing to endorse cryptocurrencies.
Meanwhile, a joint U.S.-U.K. task force called for greater stablecoin innovation, and banks continue to discuss amendments to the CLARITY Act before lawmakers meet later this week. Europe is also pressing ahead with its Digital Euro pilot.
Markets welcomed the shifting backdrop as Bitcoin price briefly touched above $65,000 before easing back toward the mid $64,000 range. Even so, the move marked a clear breakout from nearly two weeks of muted trading. Softer inflation figures encouraged investors to rotate back into risk assets after fears of additional Federal Reserve tightening faded.
Bitcoin ETF Flow, CoinglassInstitutional demand also improved. U.S. spot Bitcoin ETFs recorded $181 million in net inflows after heavy outflows, with BlackRock accounting for the largest share. On-chain data also points to continued accumulation by large holders, suggesting long-term investors remain confident despite recent volatility. Together, stronger ETF demand and the Japan Bitcoin ETF narrative helped keep the Bitcoin price supported.
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Ethereum Price Outpaces BTC as ETF Flows ImproveWhile Bitcoin grabbed the headlines, Ethereum quietly outperformed Bitcoin price. Ethereum recovered faster than Bitcoin and strengthened against BTC, signaling improving momentum after several weeks of weakness. Traders pointed to a healthier ETH/BTC ratio as evidence that buyers are becoming more confident.
ETH BTC Ratio, TradingViewFresh institutional flows reinforced that view. U.S. spot Ethereum ETFs posted about $58 million in net inflows, reversing the mixed trend seen earlier this month. Morgan Stanley also updated filings tied to proposed Ethereum and Solana ETFs, naming Coinbase as custodian and staking provider. Those developments added to growing confidence around regulated crypto investment products.
The Ethereum price continued pushing toward the $1,900 level after reclaiming important technical support. Analysts say maintaining momentum above recent breakout levels could open the door to another test of psychological resistance near $2,000. At the same time, steady ETF demand remains an important tailwind.
Looking ahead, traders will closely watch incoming U.S. economic data alongside political developments in Japan and Washington. The Japan Bitcoin ETF proposal still faces additional legislative steps, yet it already marks one of the strongest pro-crypto signals from a major economy this year. If institutional inflows continue and macro conditions remain favorable, both Bitcoin and Ethereum price could have room to extend their gains.
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Yesterday this column said the $60,000 to $64,000 box was the whole map and the CPI print had a timestamp. The data landed cool, and the box broke upward. Bitcoin trades at $64,740, every major is green, and XRP just walked back to the exact level it lost a week ago.
The Box Broke, and the Data Says Why Bitcoin trades at $64,740 as of July 15, 2026, per CoinGecko, up 3.3% in 24 hours and 4.4% on the week. Market cap: $1.299 trillion. Volume: $32.7 billion, expanding roughly 20% from yesterday’s $27.3 billion. Breakouts on rising volume are the kind you take seriously.
The catalyst was exactly the one this column timestamped. June consumer prices fell 0.4% on the month, the largest single-month decline since April 2020, bringing annual inflation down to 3.5% against expectations near 3.8%, with core flat on the month, per the Bureau of Labor Statistics. A market braced for a hot print got the opposite, rate-pressure fears eased, and risk assets exhaled all at once.
The caveat travels with the celebration: the June relief came mostly from falling energy prices, and renewed US-Iran tensions have already started pushing oil back up. One cool print is a reprieve, not a regime change. Yesterday’s box top at $64,000 is now the line that matters: hold above it and the breakout stands, slip back inside and this was a one-day headline pop.
Every Hook From Yesterday, Resolved Ethereum kept the crown. Up 5.2% on the day and 8.2% on the week at $1,879.49, ETH remains the strongest major, exactly the relative-strength signal this column flagged before the print.
XRP reclaimed $1.11. Up 3.8% to precisely the level our coverage mapped on July 7, lost on July 8, and watched compress toward $1.00 all week. The round trip is complete; the full story runs in today’s XRP report.
Solana bounced 3.3% to $77.59, though its week is still barely positive at 0.4%, the laggard among recovering majors.
And Hyperliquid retired the red flag. Yesterday’s spotlight said a move back above $67 would end the concern; HYPE gained 5.4% to $67.51 and did exactly that, though its week remains slightly red at minus 1.0%.
The Numbers That Matter Today BTC: $64,000, the old box top, is the new support; the breakout is valid above it. ETH: strongest major at $1,879, up 8.2% weekly. XRP: back at $1.11, the retest verdict pending. HYPE: concern retired above $67. The risk to all of it: oil and the ceasefire headlines, which can reprice the inflation story faster than any chart.
FAQ What is the Bitcoin price today? Bitcoin trades at $64,740 as of July 15, 2026, up 3.3% in 24 hours after June inflation data came in well below expectations.
Why is crypto up today? June CPI fell 0.4% on the month, the biggest decline since April 2020, easing rate-pressure fears. Bitcoin broke above its week-long $60,000 to $64,000 range on volume that expanded about 20% day over day.
Is the Bitcoin breakout confirmed? The move came on rising volume, which supports it, but confirmation needs price to hold above the old range top at $64,000. Renewed energy-price pressure from Middle East tensions is the main risk to the move.
This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.
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Ethereum traders didn’t wait around to interpret the latest inflation print. They just hit buy. A lot.
Following the release of June 2026 US Consumer Price Index data on July 14, Binance recorded approximately $1.2 billion in ETH taker buy volume within the first hour. To put that in perspective, Deribit clocked $15 million and OKX managed $23.6 million over the same window. Binance didn’t just dominate the flow. It was the flow.
The CPI print that moved markets Here’s what got everyone excited. The June CPI came in at negative 0.4% month-over-month, a genuine surprise to the downside. The year-over-year figure dropped to 3.5%, falling from the previous reading of 4.2%.
ETH responded with a price jump of over 4% immediately after the announcement.
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According to CryptoQuant data cited by analyst Darkfost, the taker buy volume, meaning aggressive market orders that eat into the ask side of the order book, hit $1.2 billion on Binance alone.
Rate hike expectations collapse in real time Before the CPI release, markets had priced in roughly 46.5% odds of a Federal Reserve rate hike at the upcoming FOMC meeting on July 29. After the print dropped, those rate hike expectations collapsed.
The year-over-year CPI drop from 4.2% to 3.5% represents a meaningful shift in the inflation trajectory.
Why the Binance dominance matters The gap here is almost comical. $1.2 billion versus $15 million on Deribit and $23.6 million on OKX. That means Binance captured roughly 97% of the ETH taker buy volume across the three major platforms in that critical first hour.
Deribit, which primarily serves as an options and derivatives venue, seeing only $15 million tells you that options traders weren’t the ones driving this move. This was a directional futures bet. Traders saw the CPI number and piled into long ETH positions as fast as their systems could execute.
What this means for investors Darkfost, the CryptoQuant contributor who highlighted the data, cautioned that this kind of speculative frenzy doesn’t necessarily build the foundation for a sustained uptrend. The analyst suggested that traders were reacting to headlines rather than underlying market fundamentals.
The July 29 FOMC meeting is now the next major catalyst. With rate hike expectations having evaporated following this CPI print, any hawkish surprise from the Fed would catch a market that has rapidly repositioned for dovishness.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum price has reclaimed the $1,850 resistance after softer-than-expected U.S. inflation data triggered a sharp short squeeze, putting the $2,000 level back into focus for traders.
Summary
Ethereum price broke above $1,850 after softer U.S. CPI data sparked a broad crypto rally. Technical charts and liquidation clusters suggest $2,000 is the next major price target. Analysts say holding $1,850 as support is key to sustaining the current bullish trend. The second-largest cryptocurrency climbed nearly 5% on July 15 after June’s Consumer Price Index came in below expectations, easing concerns that Federal Reserve Chair Kevin Warsh would resume aggressive rate hikes. Risk assets rallied across global markets, with tech stocks advancing alongside cryptocurrencies as investors priced in a more accommodative policy outlook.
Derivatives markets amplified the move. CoinGlass liquidation data shows a dense cluster of leveraged short positions between $1,800 and $1,850 was wiped out as Ethereum broke through resistance. Forced buybacks accelerated the rally toward $1,900, while the latest liquidation heatmap now shows fresh liquidity pockets concentrated around $1,900-$1,950.
Ethereum liquidation heatmap | Source: CoinGlass A successful push through that zone could expose another wave of liquidations and open a path toward the psychological $2,000 level.
Technical breakout puts $2,000 back in play Ethereum’s daily chart shows the recovery has developed from a series of rounded-bottom formations that formed after June’s selloff to nearly $1,500. Price has now completed a breakout above the neckline near $1,850, a level that capped several recovery attempts over recent weeks. The measured move from the pattern projects a target close to $2,190, matching a major resistance zone from earlier this year.
Ethereum daily price chart — July 15 | Source: crypto.news Momentum indicators continue to favor buyers. The Aroon Up indicator stands above 92 while Aroon Down has dropped to zero, suggesting bulls retain control of the prevailing trend. Relative Strength Index has climbed to around 63, leaving room for additional gains before reaching overbought territory.
The 4-hour chart reinforces the bullish structure. Ethereum has reclaimed the 100% Fibonacci retracement level near $1,897 after holding above the 78.6% retracement around $1,815. MACD remains in positive territory with widening bullish momentum, while the Chaikin Money Flow reading above zero suggests capital continues to enter the market rather than leave it.
Ethereum 4-hour price chart — July 15 | Source: crypto.news Commenting on the breakout, crypto analyst Daan Crypto Trades wrote on X:
“ETH Breaking above the $1.8K level and saw some good continuation so far. The market structure has flipped back to bullish on this timeframe.”
He added that the next major high-timeframe resistance sits near the $2,100 region, while maintaining $1,800 as support remains critical for bullish momentum.
Another closely followed trader, Ted Pillows, believes the next milestone could arrive quickly if buyers defend current levels. “$ETH has fully reclaimed its key resistance level. If Ethereum manages to hold above the $1,850 level, the pump towards $2,000 will be next,” he wrote.
Outside the charts, Ethereum continues to benefit from tightening on-chain supply. A large share of circulating ETH remains locked in staking, limiting readily available exchange balances even as demand improves.
At the same time, regulatory progress surrounding U.S. crypto legislation and spot ETF adoption has kept institutional interest intact after several weeks of macro-driven volatility tied to Middle East tensions and government-linked crypto transfers.
Loss of $1,850 support would weaken the bullish case Despite the improving setup, Ethereum still faces several hurdles before reclaiming $2,000. The liquidation heatmap shows heavy leveraged positioning between $1,900 and $1,950, where sellers may attempt to defend resistance. Failure to absorb that supply could trigger another round of profit-taking after the recent rally.
Macro risks also remain. Any resurgence in inflation, renewed geopolitical tensions that drive oil prices sharply higher, or unexpectedly hawkish comments from Federal Reserve officials could reverse sentiment across risk assets.
From a technical perspective, losing the newly reclaimed $1,850 support would invalidate the breakout and shift attention back toward $1,815, followed by the stronger demand zone around $1,750. As long as Ethereum continues to post higher highs while defending $1,850, however, the probability of a move toward $2,000 and potentially the $2,100-$2,190 resistance region remains favorable.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Ethereum (ETH), günlük grafikte oluşan çift dip formasyonunu tamamlayarak kısa vadede yükseliş beklentilerini güçlendirdi. Kritik direnç seviyesinin üzerine çıkan ETH, son 24 saatte yüzde 6,88 değer kazanırken analistler 2.163 dolar seviyesinin bir sonraki önemli hedef olabileceğini değerlendiriyor. Teknik görünümün yanı sıra Ethereum ekosistemindeki yeni gelişmeler ve beklentilerin altında gelen ABD enflasyon verileri de yükselişi destekleyen başlıca faktörler arasında yer alıyor.
Çift Dip Formasyonu 2.163 Dolar Hedefine İşaret Ediyor Teknik analizlere göre Ethereum, 1.510 dolar seviyesinde iki kez destek bularak klasik çift dip formasyonunu oluşturdu. Fiyatın 1.842 dolar seviyesindeki boyun çizgisi direncini yukarı yönlü kırmasıyla birlikte formasyon resmen tamamlanmış oldu. Deneyimli analist Aksel Kibar’a göre bu teknik yapı, Ethereum için yaklaşık 2.163 dolar seviyesine kadar yeni bir yükseliş potansiyeline işaret ediyor. Analist, son günlerde oluşan fiyat hareketlerinin yükseliş senaryosunu desteklediğini ve alıcıların piyasadaki kontrolünü artırdığını belirtiyor.
İlginizi Çekebilir: Hyperliquid’de Bu Seviye Her Şeyi Değiştirebilir!
Şubat ayından bu yana oluşan daha yüksek dip seviyeleri, Ethereum’da yükselen trendin devam ettiğini gösteriyor. Çok aylık yükseliş trend çizgisinin korunması, yatırımcıların geri çekilmelerde alım yapmaya devam ettiğine işaret ediyor. Bu görünüm, çift dip formasyonundan gelen yükseliş sinyaliyle birleşerek teknik açıdan Ethereum’un pozitif görünümünü güçlendiriyor.
EthSystems ve Makro Veriler ETH’yi Destekledi Ethereum fiyatındaki yükseliş yalnızca teknik görünümden kaynaklanmıyor. Ethereum Vakfı’nın iştiraki olarak kurulan EthSystems’in bağımsız araştırma ve mühendislik şirketi olarak faaliyetlerine başlaması, topluluk tarafından olumlu karşılandı. Öte yandan ABD’de açıklanan beklenti altı enflasyon verileri, yatırımcıların yeniden riskli varlıklara yönelmesini sağladı. Bu gelişme hem Bitcoin hem de Ethereum başta olmak üzere kripto para piyasasında güçlü alımları beraberinde getirdi. Kurumsal yatırımcı ilgisinin de devam ettiği görülüyor.
Analistlere göre kısa vadede en önemli destek bölgesi 1.842 ile 1.850 dolar aralığı olarak öne çıkıyor. Ethereum’un bu seviyenin üzerinde kalmayı başarması, yükseliş senaryosunun devamı açısından kritik önem taşıyor. Yukarı yönlü hareketlerde ise ilk güçlü direnç bölgesi 1.900 ile 2.000 dolar arasında bulunuyor. Bu alanın yüksek işlem hacmiyle aşılması durumunda teknik görünüm, 2.163 dolar hedefinin önünü açabilir. Buna karşılık fiyatın yeniden 1.842 dolar seviyesinin altına gerilemesi halinde çift dip formasyonu geçerliliğini kaybedebilir ve kısa vadeli görünüm zayıflayabilir.
Değerlendirme Ethereum, hem teknik göstergeler hem de temel gelişmelerin desteğiyle yeniden güçlü bir yükseliş ivmesi yakalamış görünüyor. Çift dip formasyonunun tamamlanması ve kritik boyun çizgisi direncinin aşılması, 2.163 dolar hedefini kısa vadede öne çıkarıyor. Bununla birlikte yatırımcıların 1.842 dolar desteği ile 1.900-2.000 dolar direnç bölgesini yakından takip etmesi gerekiyor. Makroekonomik gelişmeler, kurumsal talep ve Ethereum ekosistemindeki yenilikler, ETH fiyatının önümüzdeki dönemdeki yönü üzerinde belirleyici olmaya devam edecek.
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In brief EthSystems launched Tuesday to build "confidential systems for institutional Ethereum," founded by the team that ran the Ethereum Foundation's Institutional Privacy Task Force. It is the third organization to spin out of the Foundation this summer, and the first for-profit one, backed by Ethereum treasury firms Bitmine and Sharplink and co-founder Joe Lubin. The firm argues that institutions won't move stablecoins, tokenized assets, and settlement onto a public ledger until they can hide trade details, positions, and client identities. The group that spent the past year running the Ethereum Foundation's institutional privacy work has spun out to start its own company. EthSystems launched Tuesday as an independent, for-profit firm building privacy and compliance technology designed to let banks and asset managers transact on Ethereum without exposing sensitive information like trade details or client identities.
The founders, Mo Jalil, Oskar Thorén, and Aaryamann Challani, built and led the Foundation's Institutional Privacy Task Force, a year-long effort that held hundreds of conversations with central banks, regulators, tier-one banks, and asset managers. Jalil, the CEO, previously worked at Goldman Sachs; Thorén spent "close to a decade" on crypto privacy infrastructure, building peer-to-peer messaging and the Waku protocols now part of Logos.
Today we're launching EthSystems.
We build confidential systems for institutional Ethereum.
Institutions want to use Ethereum, but one of the biggest problems is the lack of built-in, modular privacy tools.
We were the Ethereum Foundation's Institutional Privacy Task Force… pic.twitter.com/Gp75lgoP0z
— EthSystems (@eth_systems) July 14, 2026
Ethereum's privacy gapThe company's thesis is that Wall Street has embraced crypto "as an asset class, but not yet as commercial infrastructure." Banks and asset managers are already exploring stablecoins, tokenized assets, and on-chain settlement, but none will run real flows in full public view. On a shared, public ledger, the founders argue, confidentiality is the hard part: each party to a transaction should see only what it has a right to see, and nothing more.
EthSystems launches with a year of open-source work already published, including proofs of concept for private bonds, confidential stablecoin transfers, private cross-chain settlement, hardened shielded pools, and an Ethereum Privacy Map cataloging institutional requirements across the ecosystem. Its business model is bespoke consulting: workshops, architecture reviews, protocol specifications, and production systems, or as the company put it, continuing the work it was already doing, only now charging for it. It says it will keep publishing open-source work alongside the paid engagements.
The latest spin-outEthSystems is the latest team to break away from the Ethereum Foundation, which has spent 2026 shrinking and restructuring. The Foundation cut 20% of its staff in June, trimmed its budget, wound down its in-house privacy and scaling research unit, and reorganized around a leaner mandate after at least nine senior figures departed over the year.
In the space of weeks, three groups have spun out to take on work the Foundation is stepping back from. Ethlabs, a non-profit, handles core protocol research; Ethereum Institutional, also a non-profit, coordinates outreach to banks and asset managers; and EthSystems, the for-profit, builds the applied privacy technology. EthSystems said it left the Foundation on good terms and sees itself as complementary, focused on "depth over breadth."
EthSystems is funded by many of the same names behind the other spin-outs: Bitmine Immersion Technologies and Sharplink, the two largest publicly traded Ethereum treasury companies, along with Ethereum co-founder Joe Lubin and Asia-focused investment firm SNZ. (Disclaimer: Lubin, through his company Consensys, and Bitmine Chairman Tom Lee are investors in Dastan, Decrypt's parent company.)
Those backers have a direct stake in EthSystems’ thesis. Bitmine holds some 5.7 million ETH and Sharplink around 888,000, and both have pitched public-market investors on Ethereum's role as settlement infrastructure for stablecoins and tokenized assets. Lee framed EthSystems as filling a gap, saying in a launch announcement that "the next $100 trillion of assets won't migrate on-chain without it." Lubin, meanwhile, contrasted the team with others that he said had offered institutions privacy technology that amounted to "permissioned systems with extra steps."
With Ethereum already hosting $16 billion in tokenized real-world assets and $159 billion in stablecoins, according to RWA.xyz, Jalil argued that privacy is "the difference between Ethereum holding billions today and running trillions tomorrow."
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In brief EthSystems launched Tuesday to build "confidential systems for institutional Ethereum," founded by the team that ran the Ethereum Foundation's Institutional Privacy Task Force. It is the third organization to spin out of the Foundation this summer, and the first for-profit one, backed by Ethereum treasury firms Bitmine and Sharplink and co-founder Joe Lubin. The firm argues that institutions won't move stablecoins, tokenized assets, and settlement onto a public ledger until they can hide trade details, positions, and client identities. The group that spent the past year running the Ethereum Foundation's institutional privacy work has spun out to start its own company. EthSystems launched Tuesday as an independent, for-profit firm building privacy and compliance technology designed to let banks and asset managers transact on Ethereum without exposing sensitive information like trade details or client identities.
The founders, Mo Jalil, Oskar Thorén, and Aaryamann Challani, built and led the Foundation's Institutional Privacy Task Force, a year-long effort that held hundreds of conversations with central banks, regulators, tier-one banks, and asset managers. Jalil, the CEO, previously worked at Goldman Sachs; Thorén spent "close to a decade" on crypto privacy infrastructure, building peer-to-peer messaging and the Waku protocols now part of Logos.
Today we're launching EthSystems.
We build confidential systems for institutional Ethereum.
Institutions want to use Ethereum, but one of the biggest problems is the lack of built-in, modular privacy tools.
We were the Ethereum Foundation's Institutional Privacy Task Force… pic.twitter.com/Gp75lgoP0z
— EthSystems (@eth_systems) July 14, 2026
Ethereum's privacy gapThe company's thesis is that Wall Street has embraced crypto "as an asset class, but not yet as commercial infrastructure." Banks and asset managers are already exploring stablecoins, tokenized assets, and on-chain settlement, but none will run real flows in full public view. On a shared, public ledger, the founders argue, confidentiality is the hard part: each party to a transaction should see only what it has a right to see, and nothing more.
EthSystems launches with a year of open-source work already published, including proofs of concept for private bonds, confidential stablecoin transfers, private cross-chain settlement, hardened shielded pools, and an Ethereum Privacy Map cataloging institutional requirements across the ecosystem. Its business model is bespoke consulting: workshops, architecture reviews, protocol specifications, and production systems, or as the company put it, continuing the work it was already doing, only now charging for it. It says it will keep publishing open-source work alongside the paid engagements.
The latest spin-outEthSystems is the latest team to break away from the Ethereum Foundation, which has spent 2026 shrinking and restructuring. The Foundation cut 20% of its staff in June, trimmed its budget, wound down its in-house privacy and scaling research unit, and reorganized around a leaner mandate after at least nine senior figures departed over the year.
In the space of weeks, three groups have spun out to take on work the Foundation is stepping back from. Ethlabs, a non-profit, handles core protocol research; Ethereum Institutional, also a non-profit, coordinates outreach to banks and asset managers; and EthSystems, the for-profit, builds the applied privacy technology. EthSystems said it left the Foundation on good terms and sees itself as complementary, focused on "depth over breadth."
EthSystems is funded by many of the same names behind the other spin-outs: Bitmine Immersion Technologies and Sharplink, the two largest publicly traded Ethereum treasury companies, along with Ethereum co-founder Joe Lubin and Asia-focused investment firm SNZ. (Disclaimer: Lubin, through his company Consensys, and Bitmine Chairman Tom Lee are investors in Dastan, Decrypt's parent company.)
Those backers have a direct stake in EthSystems’ thesis. Bitmine holds some 5.7 million ETH and Sharplink around 888,000, and both have pitched public-market investors on Ethereum's role as settlement infrastructure for stablecoins and tokenized assets. Lee framed EthSystems as filling a gap, saying in a launch announcement that "the next $100 trillion of assets won't migrate on-chain without it." Lubin, meanwhile, contrasted the team with others that he said had offered institutions privacy technology that amounted to "permissioned systems with extra steps."
With Ethereum already hosting $16 billion in tokenized real-world assets and $159 billion in stablecoins, according to RWA.xyz, Jalil argued that privacy is "the difference between Ethereum holding billions today and running trillions tomorrow."
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Japan’s House of Councillors passed an amendment to the Financial Instruments and Exchange Act, which officially recognizes cryptocurrencies as financial products rather than payment tools.
With this, the country is now planning to cut crypto taxes from 55% to 20% and open the door to Bitcoin ETFs.
Japan Moves Crypto Under Financial Product RulesJapan’s parliament has officially passed a landmark law amendment reclassifying cryptocurrencies as “financial assets.” Until now, cryptocurrencies have been mainly regulated under the Payment Services Act as a payment method.
Under the new law, Bitcoin, Ethereum, XRP, and other cryptocurrencies will be classified as financial products under the Financial Instruments and Exchange Act (FIEA), bringing them closer to stocks and other investment assets.
The new law also clears the way for spot crypto ETFs in Japan.
Regulators are aiming to launch them on the Tokyo Stock Exchange by 2027 or 2028, while major firms like Nomura Holdings and SBI Holdings are already preparing crypto ETF products.
List of Changes Under the New LawThe new framework introduces several rules that already apply to traditional financial markets. These include,
Insider trading ban: Trading using non-public information will be strictly prohibited.Annual disclosures: Token issuers must publish annual operational and financial disclosures.Strict penalties: Violators face up to 10 years in prison or 10 million Japanese yen fines.Retail investment cap: High-risk tokens will have a 2 million Japanese yen retail investment limitBigger Fines and Lower Crypto TaxesThe new law also brings stricter rules for the crypto industry. However, the maximum jail term for running an illegal crypto business will increase from three years to 10 years.
And the maximum fine will also increase from 3 million yen to 10 million yen, approximately $18,500 to $61,600. The government says these changes will help make the crypto market safer and protect investors.
Along with the bill, lawmakers are planning to cut the tax on crypto profits from the current maximum of 55% to a flat 20%, the same tax rate used for stock investments.
Another planned change is a three-year loss carryforward. This means investors will be able to use their past trading losses to reduce taxes on future crypto profits. If approved, these tax changes are expected to start in 2028.
Story Ends Here
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BitMine Immersion Technologies generated $45.7 million from Ethereum staking and validation during the three months ended May 31, making staking its main source of revenue.
Summary
Ethereum staking generated $45.7 million, accounting for 98% of BitMine’s total quarterly revenue in May. BitMine now stakes 4.9 million ETH, equal to roughly 85% of its Ethereum treasury holdings. Tom Lee projects $284 million in annual rewards once BitMine fully stakes its ETH treasury. The figure represented 98% of the company’s $46.5 million in total quarterly revenue, according to its latest 10-Q filing with the SEC.
A year earlier, BitMine reported total quarterly revenue of just $2.05 million. Machine leasing contributed $1.08 million, while Bitcoin self-mining generated $813,000. The latest results show how sharply the company’s business has shifted toward Ethereum after building one of the world’s largest corporate ETH treasuries.
Bitmine Generated $45.7M from ETH Staking Last Quarter, 98% of Revenue
According to Bitmine’s latest 10-Q filing, Bitmine Immersion Technologies generated $45.7 million in Ethereum staking and validation revenue for the quarter ended May 31, accounting for 98% of total revenue.… pic.twitter.com/eRUisDAyYl
— Wu Blockchain (@WuBlockchain) July 15, 2026 Ethereum staking becomes BitMine’s core revenue source BitMine began native Ethereum staking in November 2025 and later launched the Made in America Validator Network, or MAVAN, in March 2026. The institutional platform provides validator and staking infrastructure and is designed to expand beyond BitMine’s own treasury to serve custodians and other institutional clients.
The company also acquired Australian staking infrastructure provider Pier Two in March. The business contributed $3.53 million of quarterly staking revenue and now operates under the MAVAN brand. BitMine said staking and validation generated $56.9 million during the nine months ended May 31, or 95% of its total revenue for the period.
BitMine now has 4.9 million ETH staked BitMine has continued expanding its Ethereum position since the quarter ended. As of July 12, the company held 5.77 million ETH and had 4,917,189 ETH staked through its operations and staking partners, equal to about 85% of its total holdings.
Notably, BitMine has steadily increased both its ETH treasury and the share placed into staking. Its long-term strategy targets ownership of 5% of Ethereum’s total supply, a goal Chairman Tom Lee calls the “Alchemy of 5%.”
Tom Lee projects $284M in annual staking rewards Lee said BitMine could generate about $284 million in annualized ETH staking rewards once its entire Ethereum balance is staked through MAVAN and partner platforms. The estimate uses a recent seven-day annualized yield of 2.70%. The figure remains a projection and could change as Ethereum staking yields, ETH prices and validator conditions move.
The company itself identified that dependence as a business risk. Its SEC filing said staking and validation revenue is highly concentrated in MAVAN-related operations. Lower staking yields, validator disruption, Ethereum protocol changes or regulatory developments could therefore have a direct effect on future revenue.
BitMine shifts away from its Bitcoin mining roots The quarter also showed how small BitMine’s older business lines have become. Bitcoin self-mining generated $624,000, while consulting brought in $168,000. Machine leasing and mining equipment sales produced no revenue after the company ended those operations.
Despite the revenue increase, BitMine reported a quarterly net loss of $83.6 million, driven partly by derivative losses and other expenses. The results show that staking has become the company’s dominant operating revenue engine, but its overall financial performance remains exposed to Ethereum prices, staking economics and its wider treasury strategy.
Recent crypto.news coverage showed BitMine’s ETH holdings reaching 5.77 million tokens as it moved closer to its 5% supply target. With about 4.9 million ETH already staked, future earnings will increasingly depend on whether MAVAN can maintain its validator performance and expand into institutional staking services.
Leading cryptocurrencies rallied alongside stocks on Tuesday following cooler-than-expected inflation numbers, despite elevated geopolitical tensions remaining in place.
Crypto Market RalliesBitcoin hit $65,000 for the first time in over three weeks, while Ethereum came close to reclaiming $1,900, amid a broader market rally.
Over $350 million was liquidated from the cryptocurrency market in the last 24 hours, with bearish short traders bearing the brunt of the losses, according to Coinglass data
Bitcoin’s open interest rose 2.09% over the last 24 hours. Interestingly, Binance derivatives traders, both retail and whale, drastically lowered their long exposure to the leading cryptocurrency.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.15 trillion, contracting 2.06% over the last 24 hours.
Stocks Rally On Soft Inflation PrintStocks bounced back on Monday. The Dow Jones Industrial Average gained 9.63 points, or 0.02%, to end at 52,508.27. The S&P 500 advanced 0.38% to settle at 7,543.59, while the tech-heavy Nasdaq Composite closed up 0.9% at 26,107.01.
The June Consumer Price Index came in cooler than expected, sharply lowering odds that the Federal Reserve would increase rates at its policy meeting later this month, according to the CME FedWatch tool.
In other news, the U.S. military carried out an “additional round of strikes” against Iran in response to alleged attacks on commercial ships in the Strait of Hormuz. The U.S. also reimposed the naval blockade against Iranian ports.
Bitcoin To Break Out?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, identified a “strong bullish divergence on Bitcoin’s daily chart.
Van De Poppe stated that Bitcoin needs a decisive break above $65,000 to enter a key range, with the next upside target shifting toward the range high between $88,000 and $92,000.
On-chain analytics firm Santiment noted cryptocurrency chatter on social media nearing its lowest levels since the summer of 2024.
“The bullish case is simple: quiet crowd, low enthusiasm, and plenty of sidelined disbelief,” Santiment added. “When attention is this washed out, even a modest shift in demand can feel much bigger than the headline mood suggests.”
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Per Specter’s monitoring, an executor wallet of LayerZero is suspected to have been attacked, involving multiple blockchains, with total losses of around $2.1 million. The attacker cross-bridged the stolen assets to Ethereum via Stargate and Relay, and currently holds 955 ETH (valued at approximately $1.78 million) and 322,000 USDC.
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You press send on a crypto transaction and nothing happens. The wallet says pending. The block explorer shows your transaction floating in limbo, unconfirmed, with no clear indication of when, or whether, it will land.
Most people meet the mempool for the first time in exactly this moment of mild panic, and most of the advice they find assumes they already know what a mempool is. This guide starts from zero.
The mempool, short for memory pool, is the waiting room where every blockchain transaction sits between the moment you broadcast it and the moment a miner or validator writes it into a block. It is one of the least glamorous components of a public blockchain and one of the most consequential. The mempool decides how much you pay in fees, how long you wait, and, on some networks, whether a trading bot gets to see your order before it executes and profit at your expense. Understanding it turns confirmation delays from a mystery into a readable market signal.
This guide explains what the mempool actually is, why blockchains need a waiting room at all, how transactions move through it step by step, how fee markets decide who gets confirmed first, why there is no single mempool but thousands of slightly different ones, what happens when the queue overflows, how the mempool became the hunting ground for extractive trading bots, why Solana took the radical step of removing the public mempool entirely, and what practical steps you can take when your own transaction gets stuck.
What a mempool actually is A mempool is a database of unconfirmed transactions that every full node on a blockchain network maintains in its working memory. When you sign a transaction in your wallet and hit send, the transaction does not travel to some central server for processing, because no such server exists. Instead, your wallet hands the signed transaction to a node, and that node begins spreading it to its peers, who spread it to their peers, until most of the network has a copy. Each node that receives the transaction runs a series of checks and, if the transaction passes, places it in its local mempool to wait.
The word itself is a contraction of memory and pool, and the memory part matters. Nodes keep the mempool in RAM instead of writing it to disk, because speed is the point. When a miner assembles a candidate block, it needs to sort thousands of pending transactions by fee and select the most profitable set in a fraction of a second. When a new block arrives from elsewhere on the network, a node can validate it faster if most of the block’s transactions are already sitting in its own mempool, checked and ready.
The mempool is a staging area, a buffer between the chaotic, continuous stream of user activity and the rigid, periodic heartbeat of block production.
Why blockchains need a waiting room A traditional payment processor confirms transactions the instant they arrive because a single company controls the ledger and can simply write the entry. A public blockchain has no such authority. Thousands of independent nodes must agree on a single history, and they reach that agreement in discrete steps, one block at a time. Between blocks, the network needs a shared, informal picture of what users want to happen next, and the mempool provides it.
The waiting period also does critical security work. Before a node admits a transaction to its mempool, it verifies that the digital signature is valid, that the sender actually controls the funds being spent, that the transaction is correctly formatted, and that the same coins are not being spent twice. This last check matters more than it sounds. It is entirely possible for two conflicting transactions, both spending the same coins, to enter the network at the same time from different points. Some nodes see one first, some see the other. Each node rejects whichever conflicting transaction arrives second, and the conflict is finally settled when a miner includes one of the two in a block. The mempool is where these races are held and resolved.
The mempool also functions as the network’s early warning system. A rapidly filling mempool signals a surge of demand, a panic, an airdrop claim window, or a fee spike before any of it shows up in confirmed blocks. Traders, miners, and wallet fee estimators all read the mempool the way meteorologists read pressure systems.
The life of a transaction, step by step Following a single transaction through the pipeline makes the mechanics concrete. First comes creation: your wallet constructs the transaction, specifying the amount, the recipient, and the fee you are willing to pay, and signs it with your private key. The signature proves ownership without revealing the key itself.
Second comes broadcast. The wallet sends the signed transaction to one or more nodes, which begin relaying it across the peer to peer network. Propagation to most of the network typically takes a few seconds, and nothing about this step requires trust in the first node, since every subsequent node re-validates the transaction independently before passing it along.
Third comes validation. Every node that receives the transaction independently checks it. Invalid transactions, bad signatures, insufficient funds, malformed data, are dropped on the spot and never reach a mempool.
Fourth comes the wait. The transaction now sits in thousands of mempools across the network, visible to anyone running a node or using a public mempool explorer. How long it waits depends almost entirely on the fee attached relative to everyone else’s fees.
Fifth comes selection. A miner on a proof of work chain, or a validator on a proof of stake chain, assembles a candidate block by picking pending transactions from its mempool, almost always sorting by fee density so the block earns the maximum reward.
Sixth comes confirmation. The block is mined or proposed, propagated, and accepted by the network. Every node removes the block’s transactions from its mempool, and your transaction is now part of the chain. Each additional block built on top adds another confirmation and makes reversal exponentially harder.
How the fee market decides who goes first Block space is scarce and demand fluctuates, so blockchains ration space by auction. On Bitcoin, fees are measured in satoshis per virtual byte, a unit of transaction data size, so a transaction’s fee rate depends on both what you pay and how much space the transaction occupies. On Ethereum, the fee is gas, with a base fee that the protocol burns and a priority tip that goes to the validator. In both systems the logic is identical: block producers are profit maximizers, so they fill blocks with the highest paying transactions first.
This means your position in the queue is not fixed. A transaction that looked competitively priced at noon can be hopelessly underpriced by evening if demand surges. Wallets estimate fees by reading the current mempool, looking at what pending transactions are offering and how full recent blocks have been, then suggesting a rate likely to confirm within your chosen time window. Those estimates are educated guesses, not guarantees, and they go stale quickly during volatile markets. A fee that clears in the next block during a quiet Sunday can leave you waiting hours during a liquidation cascade, because everyone else’s willingness to pay moved while yours stood still. The auction never closes, and it reprices continuously.
When you underpay, most networks offer escape hatches. Bitcoin supports replace by fee, which lets you rebroadcast the same transaction with a higher fee that supersedes the original. A related trick, child pays for parent, attaches a high fee follow up transaction that spends the stuck one’s output, giving miners an incentive to confirm both together. Ethereum wallets let you resubmit a transaction with the same nonce and a higher gas price, which replaces the pending version. Knowing these tools exist converts a stuck transaction from an emergency into an inconvenience.
There is no single mempool People say the mempool as if one canonical queue existed somewhere, but the reality is messier and more interesting. Every node maintains its own mempool, and no two are exactly identical. Transactions reach different nodes at different times, nodes apply slightly different acceptance policies, and each node manages its own memory limits. What we call the mempool is really the loose statistical overlap of thousands of private ones.
In practice the overlap is large, because most node operators run default settings. A typical Bitcoin node caps its mempool around 300 megabytes, keeps transactions for up to two weeks, and refuses anything paying less than a minimum relay fee of roughly one satoshi per virtual byte. When the pool exceeds its size cap, the node evicts the lowest fee transactions first and raises its minimum acceptance rate, which is why very cheap transactions can vanish entirely during congestion instead of merely waiting. Once evicted everywhere, a transaction is effectively cancelled, and the funds simply remain unspent in the sender’s wallet.
The distributed nature of the mempool has a subtle consequence: pending status is not a promise. A transaction shown as pending in an explorer exists only as a claim in some nodes’ memory. It can be evicted, replaced, or double spent until it lands in a block. Merchants who accept zero confirmation payments learn this lesson the hard way, and it is exactly the mechanism a 51% attack exploits at chain level, where an attacker rewrites recent blocks and dumps the reversed transactions back into the mempool as if they had never confirmed. The 2025 reorganization attacks on Monero pushed more than one hundred confirmed transactions back into the pending queue in exactly this way.
Policy, standardness, and why nodes reject valid transactions Consensus rules define what a blockchain will accept in a block. Mempool policy defines what an individual node will hold and relay, and the two are not the same thing. A transaction can be perfectly valid under consensus rules and still be refused by most mempools because it violates what Bitcoin developers call standardness: informal policy rules that filter dust outputs, oversized scripts, absurdly low fees, and exotic transaction shapes that could burden the network. Policy is a node level immune system, a first line of defense that keeps the shared queue usable.
This distinction produces real world confusion. A transaction rejected by public mempools can still be mined if it reaches a miner directly, which is why services exist that accept nonstandard transactions out of band and submit them straight to mining pools. It also means the mempool you observe through an explorer reflects that node’s policy, not some universal truth. Two explorers can disagree about whether your transaction is pending simply because their nodes apply different filters.
Policy also evolves faster than consensus. Nodes have tightened and loosened relay rules around data inscriptions, dust limits, and replacement behavior repeatedly over the years, each change reshaping what the pending queue looks like without touching consensus at all. For users the practical takeaway is simple: if a wallet warns that a transaction is nonstandard, the problem is usually the transaction’s construction, not the funds behind it.
The mempool also has a quieter institutional audience. Exchanges watch pending deposits to credit accounts faster, compliance teams screen incoming transactions before confirmation, and payment processors estimate risk on zero confirmation transfers by checking how well a transaction is propagating and whether any conflicting spend is circulating. A transaction that most of the network’s mempools agree on is far less likely to be double spent than one propagating poorly, and firms price that difference.
Congestion, spam, and what a full mempool feels like Mempool congestion is the network catching its breath. Demand exceeds block space, the queue grows, and the fee needed for timely confirmation climbs. Users experience it as expensive transactions and long waits. Bitcoin’s late 2017 mania, the DeFi summer of 2020, NFT minting waves, and the ordinals inscription craze of 2023 each produced mempool backlogs measured in days, with hundreds of thousands of transactions queued and fee rates multiplying overnight. During the worst stretches, low fee transactions waited more than a week, and node operators watched their mempools hit size limits and begin shedding the cheapest traffic.
Congestion can also be manufactured. Spam attacks flood the network with masses of low value transactions to clog the queue and degrade service for everyone else, a cheap form of denial of service. Networks defend themselves with the minimum relay fee, with eviction policies, and ultimately with economics, since sustained spam costs the attacker real money in fees. The 2017 spam attack on an Ethereum test network showed how effective flooding could be against a chain with weak fee pressure, and it pushed fee market design higher up the research agenda.
Congestion is also information. A swollen mempool alongside rising fees signals urgent demand, often around exchange runs, liquidation cascades, or major market moves. Sophisticated observers watch mempool depth the way bond traders watch yields, and several analytics firms sell exactly that feed.
The dark forest: MEV and the watchers in the pool The mempool’s defining feature, total transparency, is also its greatest vulnerability. Every pending transaction is public before it executes, which means anyone can read your intentions and act on them first. On smart contract chains this gave rise to an entire extractive industry built around maximal extractable value, or MEV, the profit available to whoever controls transaction ordering.
The canonical attack is the sandwich. A bot spots your large pending swap on a decentralized exchange, buys the same token first to push the price up, lets your trade execute at the worse price, then immediately sells for a profit carved directly out of your execution. Front running, back running, and liquidation sniping follow the same principle: see the pending transaction, position around it, capture the difference. One researcher famously described the public mempool as a dark forest, a place where anything visible gets hunted. Researchers estimate that MEV extraction on Ethereum alone has run into the billions of dollars since 2020.
The defense industry that grew in response is now substantial. Private transaction relays, such as Flashbots Protect, let users submit transactions directly to block builders, skipping the public mempool entirely so bots never see the order. Batch auction exchanges settle many trades at a single clearing price, removing the ordering advantage. Wallets increasingly route large trades through protected channels by default. None of this eliminates MEV, but it changes who can be hunted. The economics are straightforward: the value of hiding an order grows with its size, so large traders now treat mempool privacy the way traditional funds treat dark pools, as basic operational hygiene. Retail users moving small amounts face far less risk, but a single large swap through the public queue on a thin trading pair can pay a triple digit toll to a sandwich bot in a matter of seconds.
Solana’s answer: delete the mempool Solana made the most radical design choice of any major network: it has no public mempool at all. Instead of gossiping pending transactions across the whole network, Solana’s Gulf Stream protocol forwards transactions directly to the validator scheduled to produce the next block, called the leader. The leader schedule is known in advance, so wallets and nodes know exactly where to send traffic. Transactions go from user to leader with almost no public waiting period.
The design serves speed above all, and it removes the classic observation window that sandwich bots depend on, since pending transactions are never broadcast for public inspection. It did not eliminate MEV, which instead matured into a private auction economy where searchers pay tips through infrastructure such as Jito to have their transaction bundles placed favorably by leaders. The lesson generalizes: ordering has value on any blockchain, and removing the public queue changes where that value is captured, not whether it exists.
Other networks are converging on middle paths. Encrypted mempools hide transaction contents until ordering is locked. Proposer builder separation on Ethereum splits the job of choosing transactions from the job of proposing blocks, pushing MEV into a more transparent auction. The mempool of 2030 will likely look very different from the open bazaar of 2020. What will not change is the underlying constraint: some component of every blockchain has to hold transactions between creation and confirmation, and whoever can observe or influence that component holds power over everyone who cannot.
Reading the mempool yourself You do not need to run a node to watch the queue. Public mempool explorers visualize pending transactions, fee distributions, and projected confirmation times in real time, and they are the fastest way to answer the two questions every stuck user asks: how busy is the network, and what fee actually clears right now.
When your own transaction is stuck, the diagnosis is almost always the same: your fee is below the going rate. Your options, in rough order of preference, are to wait for congestion to ease, to bump the fee using replace by fee or a nonce replacement, to use child pays for parent where supported, or, on Bitcoin, simply to wait for eviction if the payment no longer matters. What you should not do is panic. The funds are not lost. An unconfirmed transaction either confirms or effectively ceases to exist, and in the latter case the coins never left your wallet.
It also helps to understand what explorers actually display. The fee histogram shows how much pending volume sits at each fee level, which tells you where the clearing price is right now. The projected blocks view shows which transactions would fill the next several blocks if they were produced immediately, which tells you how deep the queue runs ahead of you. And the purge line, on Bitcoin explorers, shows the fee rate below which nodes are actively evicting transactions, the effective floor of the market. Ten minutes spent learning these three readouts pays for itself the first time fees spike.
One final habit worth adopting: check the mempool before you transact, not after. Thirty seconds of looking at current fee rates saves both overpaying during quiet periods and underpaying during storms. The queue is public. Very few people bother to read it, which is exactly why the ones who do have an edge. It is the same reason a network upgrade that splits the chain, covered in our guide to hard forks and soft forks, always produces a flurry of mempool drama, as wallets and nodes on both sides of the split sort out which pending transactions belong where.
Frequently asked questions What is a mempool in simple terms? A mempool is the waiting room for blockchain transactions. After you send a transaction, it sits in the mempool, visible and pending, until a miner or validator includes it in a block. Every full node keeps its own copy of this queue in memory.
Why is my transaction stuck in the mempool? Almost always because the fee attached is lower than what other pending transactions are offering. Block producers pick the highest paying transactions first, so underpriced ones wait until demand falls or until they are evicted from the queue entirely.
Can a transaction in the mempool be cancelled? Sometimes. On Bitcoin, replace by fee lets you supersede a pending transaction with a new version, and a stuck transaction that gets evicted from all mempools is effectively cancelled. On Ethereum, you can replace a pending transaction by sending a new one with the same nonce and a higher fee.
Is there one mempool for the whole network? No. Every node maintains its own mempool, and the contents differ slightly between nodes based on timing, settings, and memory limits. The mempool people refer to is the rough overlap of thousands of independent queues.
How long can a transaction stay in the mempool? On Bitcoin, default node settings keep transactions for up to two weeks before dropping them, though eviction can happen sooner if the pool fills and the fee is low. Other networks have their own retention and eviction rules.
What is the connection between the mempool and MEV? Pending transactions in a public mempool are visible before they execute, so bots can read them and trade around them, extracting value through sandwich attacks and front running. This visibility is the raw material of most MEV on chains like Ethereum.
Does Solana have a mempool? Not a public one. Solana forwards transactions directly to the upcoming block leader instead of broadcasting them across the network, which removes the public waiting room. MEV on Solana instead flows through private bundle auctions run by infrastructure providers.
Are funds lost if a transaction never confirms? No. A transaction that never confirms is eventually dropped from mempools, and the coins simply remain in the sending wallet as if the transaction had never been made. Nothing is deducted until a transaction is included in a block.
This article is for educational purposes only and does not constitute financial or investment advice. Network rules, fee mechanics, and default node policies change over time. Details are accurate as of July 14, 2026.
Morgan Stanley has filed an amended S-1 registration statement for its Ethereum and Solana ETFs. The filings indicate the Wall Street giant is moving closer to launching new crypto ETFs following its spot Bitcoin ETF debut this year, claims a Bloomberg ETF analyst.
Morgan Stanley Amends Ethereum ETF Filing with US SEC According to the latest SEC filing dated July 14, Morgan Stanley submitted 3rd amendment to its spot Ethereum ETF. The proposed ETF will list and trade on NYSE Arca under the ticker symbol MSSE.
The latest amendment includes an updated delegated sponsor, Coinase Prime, Coinbase custodial and trade finance agreements. The latest amendment indicates the Morgan Stanley Ethereum ETF could become effective soon.
Spot Ethereum ETF would levy a sponsor fee of 0.14%. Also, it plans to stake 50-80% of holdings via providers such as Figment, Galaxy Blockchain, and Coinbase Canada. Notably, staking services providers and custodians are to receive only a 5% of the staking rewards.
Morgan Stanley Investment Management, the delegated sponsor, said it will not receive or retain the remaining staking rewards, resulting in higher earnings for investors.
Moreover, The Bank of New York Mellon and Coinbase Custody will serve as custodians for the Morgan Stanley Etherumn ETF.
Bloomberg ETF analyst James Seyffart said the “launch is likely getting pretty close” as Morgan Stanley updated the documents for both its Ethereum and Solana ETFs.
NEW: @MorganStanley has filed updated documents for both their Ethereum ETF and their Solana ETF. Tickers will be $MSSE and $MSOL. Fees will be 0.14%. Launch likely getting pretty close. solana:So11111111111111111111111111111111111111112 ethereum:native pic.twitter.com/0pGTi9stri
— James Seyffart (@JSeyff) July 14, 2026
Wall Street Giants Updates its Solana ETF Morgan Stanley also updated its S-1 registration statement for its spot Solana ETF, with similar agreements with service providers. The issuer proposed to list and trade Solana ETF on NYSE Arca under the ticker MSOL.
Morgan Stanley Solana ETF also revealed its 0.14% management fee. Also, the issuer plans to stake upto 100% of SOL holdings through Figment, Galaxy Blockchain, and Coinbase Canada.
While Wall Street institutions are integrating yield mechanics into exchange-traded products, retail investors can directly access yield by comparing the best crypto staking platforms available for self-custody or exchange-based staking.
The staking rewards distribution mechanism for staking service providers, custodians, and investors is the same as in the Morgan Stanley Ethereum ETF.
Cash custodians, crypto custodians, administrator, transfer agent, and marketing agent are similar to those of its Morgan Stanley Bitcoin ETF. The MSBT holds over $357 million in total assets, with BTC holdings worth over $379 million.
Morgan Stanley Set To Launch New Crypto ETFsThe banking behemoth submitted amended S-1 filings for two funds: the Morgan Stanley Ethereum Trust ETF, to trade under the ticker MSSE, and the Morgan Stanley Solana Trust ETF, to trade under the ticker MSOL.
Both funds will have a management fee of 0.14%, with built-in staking capabilities. This means that apart from tracking the performance of the underlying asset, the ETFs would distribute staking rewards to their respective shareholders.
Bloomberg ETF analyst James Seyffart also highlighted the development, adding that the official launch is likely getting “pretty close.”
A New Wave After Bitcoin?The bank recommends Bitcoin allocations of 0%-2% in some portfolios and 2%-4% in more aggressive portfolios.
Price Action: At the time of writing, ETH traded at $1,886.12, up 5.70% in the last 24 hours, according to data from Benzinga Pro. SOL traded up 4.19% at $78.28 on last check.
Morgan Stanley shares rose 1.68% in after-hours trading after closing 2.98% higher at $227.67 during Tuesday’s regular trading session. Year-to-date, the stock has rallied 28%.
Benzinga’s Edge Stock Rankings give MS stock a stronger price trend across short-, medium- and long-term periods, along with a superior Momentum score.
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Questions? Answers.
What is DeFi? DeFi (decentralized finance) is an infrastructure of financial services based on blockchain technology that lets people trade, lend, borrow and earn interest directly, without banks or intermediaries.
What is a DeFi exchange? A DeFi exchange is a decentralized platform that enables users to trade cryptocurrencies directly with each other using smart contracts, without intermediaries like banks or centralized exchanges. It gives traders full control over their funds and enables peer-to-peer transactions on the blockchain.
Is 1inch a DeFi exchange? 1inch Swap began as a DEX aggregator, combining liquidity across multiple exchanges to find users the best swap rates. Now, it’s a lot more - with intent-based swaps and cross-chain functionality built on atomic execution to keep assets safe. But it’s still built on the principle of uniting liquidity from across the ecosystem to make crypto swaps more efficient and return better token prices.
What is a DEX aggregator? A DEX aggregator helps users swap tokens by combining liquidity from several decentralized exchanges to secure better prices. The advanced DEX aggregator accessed through 1inch’s Pro interface can split a single trade across different platforms and market depth to reduce slippage and access better pricing. Explore better swap rates in the 1inch dApp or Wallet.
How are DEX aggregators better than DEXes? A DEX aggregator searches multiple DEXes to find the best token prices, lowest fees, and most efficient routes for your swap. This saves you time and money compared to using a single DEX.
How can I swap tokens on 1inch? To order a token swap on 1inch, go to the 1inch dApp or 1inch Wallet, choose the token you want to swap and the token you want to receive, select the network(s) and mode, then hit the Swap button. For more details, visit the Help Center.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The decline in social media chatter around Bitcoin and Ethereum is no longer a slow simmer—it has reached a silence not seen since 2020. According to the original report from analyst CryptoJack, the number of posts mentioning the two largest cryptocurrencies has steadily fallen from the peaks of 2021 and early 2022, and now rests at levels that precede the last major bull cycle. For a market that has long relied on retail enthusiasm to drive volumes, this quiet carries heavy implications.
Retail traders were the engine of the last crypto boom, pushing Bitcoin to nearly $69,000 and minting a generation of millionaires. The fading social media presence isn’t just lower tweet counts—it suggests that small investors have either exited completely or are unwilling to risk fresh capital. The economics of trading have shifted. With interest rates elevated and easy money receding, the speculative appetite that once fueled meme coins and DeFi degens has lost its oxygen.
But this quiet among retail traders coincides with a separate, louder trend: the institutional sprint into tokenized real-world assets. The tokenization sector has been on a tear. In the span of a single week, Bullish acquired Equiniti for $4.2 billion, Ondo Finance and JPMorgan settled the first live tokenized Treasury trade, and the total value of on-chain real-world assets broke through $20 billion. This is institutional capital moving into an asset class that promises not just returns, but compliance and yield—something Bitcoin’s volatility cannot match.
The pivot is not merely a capital reallocation. It signals a different market regime where assets are digitized for settlement efficiency rather than speculative buzz. Bitcoin and Ethereum, which were once the first stop for new entrants, now compete with a growing list of tokenized government bonds, private credit pools, and commodity-backed tokens that offer clearer cash flows. This is a market structure evolution that order books will reflect eventually.
When attention dries up Social media activity serves as a proxy for retail engagement. When post volumes drop, it often precedes a drying up of spot market liquidity. For Bitcoin and Ethereum, the correlation is historically strong: the 2020 lows in social mentions arrived just before the acceleration phase that defined the 2021 bull run. But analogies to that period ignore a crucial difference—the macro backdrop. Central banks are no longer injecting trillions, and the retail investor who entered in 2020 is now two years older, with depleted reserves and a different risk calculus.
Exchanges that depend on high-frequency retail flow are already reacting. Spot volumes have shrunk across major platforms, forcing them to cut fees or expand into tokenized securities. The shift toward tokenization and institutional custody is not just a trend; it’s a survival strategy for these intermediaries. The era of massive retail-led rallies may be on an extended hiatus, replaced by a more professional, but less explosive, market.
Institutions find a new playground While the crypto Twitter crowd goes quiet, traditional financial houses are committing significant resources to tokenized assets. The infrastructure is being built at a pace that suggests this is not a fad. The top blockchains by developer activity show that Ethereum, BNB Chain, and Polygon remain havens for builders, even if the noise around them has diminished. Developer activity tends to be a leading indicator: it rises before price manias, not during them. So while the social feeds look bleak, the code still thrives.
Another signal of the institutional shift came from Sui, which surged 18% in a single day in May. The Sui price jump was traced to institutional staking by a Nasdaq-listed firm and a new partnership with Paga, a fintech with $11 billion in payment flows. There were no viral memes, no celebrity endorsements—just corporate treasury moves that signaled confidence. That kind of price action is built on deals, not tweets.
The uncertain road ahead for Bitcoin and Ethereum The fall in social media mentions raises more questions than it answers. Have retail investors simply rotated into smaller, non-BTC tokens that offer higher volatility? On-chain data does not confirm a mass exit from crypto entirely, but rather a migration into assets with lower social media footprints. Or perhaps the exodus is genuine, and the next wave of buyers will be entirely different: pension funds, insurers, and sovereign wealth seeking tokenized bonds.
What is clear is that Bitcoin and Ethereum are losing their grip on the retail narrative. The narratives that once drove them—store of value, programmable money, internet cash—have lost novelty. Tokenized Treasury bonds, by contrast, offer a familiar story: yield. Until Bitcoin and Ethereum can reclaim that level of simple, tangible utility or a new catalyst emerges, their social media silence may become structural, not cyclical.
The market is not dead, but it is becoming quieter, more professional, and, for many small traders, less relevant. Whether that silence is the pause before a storm or the new normal depends on whether the infrastructure being built today can eventually onboard the next generation of users. For now, the loudest part of the market is the hum of institutional money settling in.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Ethereum Research Thread Puts Sybil Resistance Back In Focus For Decentralized Networks is a useful reminder that crypto coverage is not only about token prices. Sometimes the more important story is the infrastructure, regulation, security, or product layer sitting underneath the market noise.
The immediate point is straightforward: an Ethereum Research post examines Sybil risks in the AUCIL framework. That gives readers something concrete to work with, rather than another vague sentiment update.
TL;DR An Ethereum Research post examines Sybil risks in the AUCIL framework. The discussion focuses on how duplicate identities can distort decentralized systems. It adds to the broader security debate around validator and node-level trust. Why This Matters Now The timing matters because Ethereum is already part of a wider conversation across the market. Traders want to know whether the development changes liquidity or risk. Builders want to know whether it changes what can be deployed. Compliance teams want to know whether it changes how platforms operate.
In that sense, the story is bigger than one headline. It sits inside the ongoing shift from speculative crypto cycles toward more practical questions: who can use these systems, how safe are they, and whether the underlying incentives actually work.
The best way to read it is with discipline. It is not a guarantee of immediate upside, and it should not be treated as one. But it does add a fresh data point to the way the market is thinking about Ethereum.
The Ethereum Angle For Ethereum, the important part is the specific mechanism. If this is a security issue, the risk sits in dependencies and user protection. If it is a listing or product launch, the question is access and liquidity. If it is a governance or research proposal, the question is whether the idea can survive implementation.
That is where this update becomes useful. It is not just a label attached to a trend. It gives readers a way to understand what might actually change if the development gains traction.
Crypto has a habit of turning every announcement into a broad market claim. This one deserves a narrower read. The value is in seeing how it affects the users, developers, institutions, or traders closest to the issue.
The Risk Side There is also a caution attached. Source material can confirm that a development exists, but it cannot prove that adoption will follow. A proposal still needs support. A product still needs users. A chart still needs confirmation. A compliance tool still needs integration.
That is why the responsible reading is not to oversell the story. The stronger takeaway is that this adds to a pattern. The crypto market is steadily becoming more professional, more technical, and more sensitive to real operational details.
Readers should also watch for follow-up signals. That could mean developer feedback, exchange support, regulatory response, wallet adoption, liquidity data, or simply whether market participants continue reacting after the first headline fades.
What Comes Next The next stage will decide whether this remains a narrow update or becomes part of a larger market theme. In crypto, that difference matters. Plenty of stories look important for a few hours and then disappear. The ones that last usually show up again through usage, liquidity, enforcement, governance, or developer adoption.
For now, this gives the market another piece of information to weigh. It is specific enough to be useful, but still early enough that readers should keep the caveats in view.
That makes it worth covering without pretending it settles anything. The story is a signal, not a final verdict.
The key is not to confuse coverage with certainty. Ethereum stories can move quickly, especially when they touch security, regulation, listings, infrastructure, or price levels. The useful approach is to track the next confirming detail rather than assume the first update carries the whole market story. That is how traders avoid chasing noise and how readers separate a genuine development from another passing headline.
This report is based on information from ethresear.ch.
This article was written by the News Desk and edited by Samuel Rae.
Public blockchains run on radical transparency. Every transaction, every smart contract interaction, every whale wallet movement is visible to anyone with an internet connection. For institutions that need to protect trade execution, counterparty data, and proprietary strategies, that transparency isn’t a feature—it’s a dealbreaker. EthSystems, an engineering and research company that launched publicly today, is betting that privacy infrastructure can finally bridge the gap. According to the announcement, the new entity secured anchor funding from Bitmine Immersion and will focus explicitly on building privacy solutions for institutions that want to use Ethereum without exposing every balance and transfer to the world.
The idea isn’t new—privacy layers have been a research theme for years—but the institutional angle is sharpening. Banks, asset managers, and fintechs have stayed mostly on the sidelines of public Ethereum while asset tokenization swells. Just this month, tokenized real-world assets crossed $20 billion on-chain, and deals like Bullish’s $4.2 billion Equiniti acquisition show how seriously the plumbing is being laid. As detailed in BlockchainReporter’s Weekly Tokenization Roundup, those milestones make the privacy gap more urgent. A pension fund holding tokenized Treasuries on a completely visible ledger faces serious compliance and competitive exposure.
Why Privacy Is the Missing Piece for Institutional Ethereum Retail traders accept transparent mempools and public wallets. Institutions do not. A market-making firm doesn’t want its order flow dissected. A corporate treasury doesn’t want counterparties mapping its liquidity. Even simple payroll in stablecoins leaks sensitive data without confidentiality. Existing privacy tools like mixers, zero-knowledge rollups, and stealth addresses have either fallen short on compliance or failed to scale to institutional demands. Tornado Cash’s sanctions experience only deepened the chill. EthSystems hasn’t disclosed its technical approach yet, but the company’s framing—”privacy solutions for institutions”—suggests selective disclosure models rather than blanket anonymity. Think auditor-facing proofs, transaction gating, and programmable confidentiality that still allows regulatory reporting.
The timing matters. Ethereum’s reliance on Layer 2s has created a fragmented privacy landscape. Institutional flows moving into ETFs, stablecoin settlement, and RWA trading will need a unified, auditable privacy layer that doesn’t require building from scratch every time a new chain spins up. EthSystems appears to be positioning itself for that infrastructure demand, though no product roadmap has been published. The anchor funding from Bitmine Immersion points to a patient capital approach. Bitmine’s presence in immersion mining suggests deep energy and hardware ties, but the strategic leap to Ethereum privacy indicates a broader crypto infrastructure thesis. Whether that translates into viable technology remains the central question.
The Regulatory Tightrope for Private Transactions Privacy tech and regulation have a tense relationship. Regulators worry that strong on-chain privacy creates money laundering highways. But blanket demands for full transparency are equally unrealistic for regulated institutions that operate under confidentiality laws. The path forward is likely to run through privacy-preserving yet auditable designs—zero-knowledge proofs that can prove solvency without revealing balances, or identity-leveraged systems that reveal transaction parties only to authorized supervisors. Europe’s MiCA framework and ongoing US legislative battles both shape this space. The latest US drama, as covered in BlockchainReporter’s report on the stalled crypto bill, shows how banks are pushing back against legislative certainty—signaling that the compliance infrastructure for institutional crypto is still politically unsettled. Any privacy startup entering this environment must navigate not just code but legal opinion letters and interagency dynamics.
What makes EthSystems’ moment interesting is that it lands exactly when regulated entities are testing tokenization in live environments. Ondo Finance settled tokenized Treasuries with JPMorgan, a transaction that required both speed and confidentiality. The more such high-stakes experiments succeed, the more urgent the need for institutional-grade privacy becomes. If EthSystems can deliver a solution that lets a bank hold assets on Ethereum while keeping internal books private but verifiable, it could unlock a significant trapped capital pool. The regulatory path is uncertain, but the demand signal is real.
What This Launch Signals for Ethereum’s Developer Landscape Ethereum remains the clear leader in developer activity, routinely topping measures of weekly commits and protocol innovation. BlockchainReporter’s latest Top 10 Blockchains by Developer Activity shows Ethereum holding the top spot, and that gravitational pull attracts precisely the kind of deep engineering talent that privacy infrastructure requires. EthSystems adds one more specialized node to that network. The launch does not create a new panic or rally in ETH price, but it does reinforce Ethereum’s positioning as the chain where the hardest institutional problems get solved first—even if the market is not pricing that yet.
What remains unknown is whether a small, well-funded engineering outfit can produce privacy tooling that meets the simultaneous demands of regulators, institutional risk committees, and the Ethereum community’s open-source ethos. EthSystems could become a quiet backend provider, or its work could fold into larger L2 stacks. The funding from Bitmine Immersion gives it a runway. The next signal to watch is a technical paper, a testnet, or early partnerships that reveal which side of the transparency-confidentiality spectrum the company intends to occupy. For now, the launch is a reminder that Ethereum’s path to institutional relevance must solve the privacy question—and that real money is starting to bet on answers.
AUTHOR
Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
SharpLink, the Nasdaq-listed Ethereum treasury company trading under the ticker SBET, pulled in 499 ETH from staking rewards in just the past week. That brings the company’s cumulative staking haul to 23,490 ETH since it kicked off its treasury strategy, and its total Ethereum holdings now sit at 887,673 ETH.
For context, that’s the second-largest Ethereum stash held by any publicly traded company on the planet. The only outfit holding more is Bitmine Immersion Technologies (BMNR), which controls over 5.7 million ETH.
The MicroStrategy playbook, but for Ethereum SharpLink provides what it calls structured equity exposure to Ethereum. Investors buy SBET stock on Nasdaq, and that stock price is heavily tied to how much ETH the company holds per share. It’s a way to get Ethereum exposure through a traditional brokerage account without touching a wallet or an exchange.
SharpLink actively stakes its holdings. That 499 ETH earned in a single week is essentially passive income generated from helping secure the Ethereum network. The 23,490 ETH accumulated through staking alone represents a meaningful addition to the balance sheet without the company spending a single dollar.
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SharpLink maintains a public ETH dashboard that breaks down its holdings, staking rewards, and per-share ETH concentration metrics. The average purchase price across its entire portfolio sits at $3,586 per ETH, according to that dashboard.
Recent buying spree signals confidence SharpLink resumed active Ethereum purchases in June 2026 after what appears to have been a pause in direct buying. On June 25, the company scooped up 5,000 ETH. Shortly after, it grabbed another 10,000 ETH at an average price of $1,611 per coin. That’s notably below its overall portfolio average of $3,586, which means those recent buys actually improved the company’s cost basis.
The purchases pushed total holdings from approximately 872,984 ETH in May 2026 to the current 887,673 ETH figure. That’s a net increase of roughly 14,700 ETH in about two months, combining both direct purchases and staking rewards.
The company funds these acquisitions partly through at-the-market equity offerings, a mechanism that lets it sell new shares gradually at prevailing market prices rather than through a single large offering. It also executes share repurchases, creating a two-way flow that management can use to manage dilution and signal confidence.
The competitive landscape for public ETH treasuries SharpLink’s position as the number-two public Ethereum holder is noteworthy because this category barely existed a couple of years ago. Bitmine Immersion Technologies, the leader in this space, holds over 5.7 million ETH. SharpLink’s nearly 888,000 ETH treasury held approximately 521,939 ETH as of August 2025. By May 2026, that had grown to roughly 872,984 ETH. Now it’s at 887,673 ETH. The company has added over 365,000 ETH to its balance sheet in less than a year.
That 499 ETH weekly staking reward represents roughly a 0.056% weekly return, or about 2.9% annualized if the rate holds steady. Those staking rewards get added to the total, which then generates more rewards the following week.
What this means for investors For anyone watching SBET as a proxy for Ethereum exposure, the key metric isn’t just total ETH held. It’s ETH per share. At-the-market offerings dilute the share count, while ETH purchases and staking rewards increase the numerator. The interplay between those two forces determines whether shareholders are actually gaining or losing ETH exposure over time.
SharpLink’s dashboard transparency is designed to address exactly this concern, giving investors real-time visibility into whether the company is creating or destroying value on a per-share basis.
The recent purchases at $1,611 suggest management sees current prices as attractive. Buying ETH at roughly 55% below the portfolio’s average cost of $3,586 also means the overall position was significantly underwater at the time of purchase.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
T Rowe Price is on the verge of launching its new active cryptocurrency ETF, $TKNZ, according to a social media post by Eric Balchunas. The fund, which received SEC approval in June, will offer exposure to multiple digital assets and will be listed on NYSE Arca. Although the exact launch date has not been disclosed, speculation suggests it could debut as soon as Thursday. T Rowe Price’s entry into the crypto asset management space marks a significant step for institutional diversification in the U.S. digital asset market.
The crypto ETF will allow T Rowe Price to manage a portfolio of 5 to 15 digital assets, chosen from a list of cryptocurrencies including BTC, ETH, and SOL. The fund’s introduction comes amid a stabilized period following market volatility earlier in October. This move by a notable traditional finance firm could influence market sentiment, particularly within the Ethereum market.
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Market reactions to the anticipated launch have been mixed, with Ethereum’s future price predictions showing a slight increase in optimism. Current pricing in prediction markets suggests a modest boost in support for Ethereum reaching higher price targets by the end of 2026, although confidence remains cautious given the speculative nature of the source information.
Key Takeaways Market activity suggests anticipation surrounding T Rowe Price’s upcoming crypto ETF launch. The ETF’s approval and imminent release are consistent with increased institutional interest in digital assets. Ethereum market participants appear to view this development as potentially supportive of positive price movements. What to Watch Observers are closely monitoring T Rowe Price’s official announcement regarding the ETF’s launch date. Any confirmation of the debut could influence market sentiment and Ethereum price predictions. Additionally, developments in the regulatory landscape or further entries by traditional financial institutions into the crypto market could sway investor confidence and market pricing.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 1.8% — — View market → December 31, 2026 2.4% — — View market → December 31, 2026 3% — — View market → December 31, 2026 3.6% — — View market → December 31, 2026 5.5% — — View market → January 1 2027 11.5% — — View market → January 1 2027 14.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 3.1% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 58.9% — — View market → January 1 2027 8.5% — — View market → January 1 2027 2.9% — — View market → January 1 2027 32% — — View market → January 1 2027 30.5% — — View market → January 1 2027 14.5% — — View market → January 1 2027 85% — — View market →
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ethereum price today: $1,880Ethereum recorded a 7% gain on Monday after US inflation declined in June.Whale and retail wallets are yet to experience major changes in their balance.ETH approaches the $1,909 resistance after bouncing off the 20-day EMA and $1,741 support level again.Ethereum (ETH) jumped more than 7% above $1,850 on Tuesday following a weaker-than-expected US Consumer Price Index (CPI) report for June.
The inflation data fell to 3.5% below expectations of 3.8%, marking a month-on-month decline of 0.4%, its largest monthly drop since May 2020. Core CPI also fell to 2.6% below forecasts of 2.8%.
Following the decline, odds of the Federal Reserve (Fed) hiking rates at its next meeting on July 29 dropped to 8%. The move prompted a quick rally across risk assets, with the wider crypto market seeing a 2.4% gain alongside a broader stock market rally.
Notably, the price jump particularly shook traders betting on the downside in ETH futures market, with roughly $113 million in short liquidations over the past 24 hours.
The recent gains add to a mild recovery in the top altcoin over the past week after a slight improvement in overall sentiment across risk assets.
Despite the gains, retail and whale holdings have seen minimal changes. Wallets with a balance of 100-1K and 1K-10K ETH depleted their collective holdings by 30K ETH over the past week.
Similarly, whales or wallets with a balance of 10K-100K ETH reduced their holdings by 20K ETH. The decline in the balances of these cohorts indicates a continued cautious outlook across whale and retail investors.
In addition, US momentum is fading again after a slight increase over the past week. The decline is evident in the Coinbase Premium Index, which dropped to -0.121 on Monday.
Coinbase Premium Index. Source: CryptoQuantHowever, on the derivatives side, open interest, which represents the total worth of outstanding contracts in a derivatives market, jumped by roughly 680K ETH to 14.41 million ETH on Tuesday, its highest level in more than a month. The move indicates that the price rise is supported by the return of leveraged capital from bullish traders. Funding rates leaned positive, a pattern that has persisted since ETH began its recovery earlier in the month.
ETH Open Interest. Source: CoinglassEthereum Price Forecast: ETH eyes $1,909 resistance after bounce off 20-day EMA and $1,741On the daily chart, ETH is maintaining a constructive near-term bias as price holds above the 20- and 50-day Exponential Moving Averages (EMAs) at $1,755 and $1,802, respectively and remains capped by the 100-day EMA at $1,948.
The Relative Strength Index (RSI) at 64 and a stretched Stochastic reading near 96 suggest firm bullish momentum, though the overbought signals hint that upside could slow as price approaches the nearby resistance band.
On the topside, initial resistance is seen at the horizontal barrier at $1,909, followed by $2,018 and $2,107, before a stronger cluster emerges around $2,211 and $2,388.
ETH/USDT daily chartOn the downside, immediate support is provided by $1,806 and the 50-day EMA at $1,802, with the 20-day EMA at $1,755 and the horizontal level at $1,741 underpinning the structure after providing another bounce. Deeper pullbacks would expose $1,524 and $1,404.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Ethereum (ETH) is showing strong technical signs of a short-term bottom reversal, with a projected surge to $2,163.
Ethereum targets $2,163 following double bottom completionAs shown in the chart below, ETH has clearly formed a classic double-bottom reversal pattern near the $1,510 support. Even more, just two days ago, the coin broke above the $1,842 neckline resistance after a period of consolidation. At press time, ETH was still sustaining this bullish momentum, trading at about $1,883 (+6.88% in the last 24 hours).
Source: Tech Charts
According to veteran chartist Aksel Kibar, this setup projects an upside target of $2,163 – calculated from the pattern’s move from the double bottom to the neckline. It also follows a similar short-term bullish prediction made by the analyst just three days ago, indicating continued bullish momentum in the reversal.
Further supporting this thesis is the rising multi-month trendline, which shows higher lows between February and May. This trajectory means buyers are consistently accumulating even as prices rise, further reinforcing the previously mentioned bullish thrust.
Recent developments fueling upside biasIn addition to the above technical analysis, EthSystems, a spin-off from the Ethereum Foundation, recently launched as an independent for-profit research and engineering company. The Ethereum community expressed optimism for the event, as it signaled Ethereum’s commitment to providing blockchain privacy to heavily regulated institutions.
Furthermore, today’s cooler-than-expected inflationary data encouraged investors to flow into crypto assets. Other than retail investors, institutions continue to accumulate the coin, with Bitmine Immersion Technologies now holding 5.77 million ETH tokens (about 4.8% of the circulating supply).
Key levels to watch forImportant levels to watch out for now include the $1,842-$1,850 double-bottom neckline resistance. A downside penetration below this threshold could invalidate the bullish setup.
Additional resistance lies between $1,900 and $2,000, which marks the highs hit between May and June just before the sharp decline.
Breaking above these two zones, coupled with rising trade volumes, would pave the way for the $2,163 target.
Story Ends Here
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Bitmine Immersion Technologies recorded $45.7 million in revenue from Ether staking and validation last quarter, following the launch of its institutional-grade Ethereum staking platform in March.
Staking revenue accounted for 98% of total revenue for the three months ended May 31, far outpacing the $624,000 from self-mining Bitcoin (BTC) and the $168,000 from consulting services, according to Bitmine’s latest 10-Q filing. On Monday, Bitmine said it had staked 85% of its ETH holdings, equating to around 4.9 million Ether (ETH).
“Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $284 million on an annualized basis,” said Tom Lee, chairman of Bitmine.
The latest quarterly results show how Bitmine’s pivot to Ethereum has reshaped its revenue mix. A year ago, Bitmine recorded just $2 million in total revenue for the quarter ended May 31, 2025, primarily from machine leasing.
The results also reflect the March launch of MAVAN, an institutional-grade Ethereum staking platform that operates validator infrastructure for its own holdings and external clients.
MAVAN, short for “Made in America VAlidator Network,” followed the acquisition of Australia-based non-custodial validator operator Pier Two Holdings. It was originally developed to support Bitmine’s own Ethereum treasury; its scope expanded to serve institutional investors, custodians and ecosystem partners.
Lee calls Robinhood Chain a “breakaway success”On Monday, Lee highlighted the success of the newly launched Robinhood Chain, with dollar volumes exceeding $1 billion since its July 1 launch.
“Robinhood Chain now has more trading volume than any other decentralized exchange (DEX), demonstrating the outstanding utility and product market fit for Ethereum, which is the underlying chain,” he said.
“Robinhood Chain uses ETH as the native gas token. And transaction fees are denominated in ETH and the finality is settled on Ethereum. Robinhood’s 27 million users are paying crypto fees denominated in ETH. In other words, everyday users are starting to see ETH as money,” he added.
Magazine: Strategy became a symbol of the dot-com crash: Could history repeat?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Bitmine Immersion Technologies recorded $45.7 million in revenue from Ether staking and validation last quarter, following the launch of its institutional-grade Ethereum staking platform in March.
Staking revenue accounted for 98% of total revenue for the three months ended May 31, far outpacing the $624,000 from self-mining Bitcoin (BTC) and the $168,000 from consulting services, according to Bitmine’s latest 10-Q filing. On Monday, Bitmine said it had staked 85% of its ETH holdings, equating to around 4.9 million Ether (ETH).
“Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $284 million on an annualized basis,” said Tom Lee, chairman of Bitmine.
The latest quarterly results show how Bitmine’s pivot to Ethereum has reshaped its revenue mix. A year ago, Bitmine recorded just $2 million in total revenue for the quarter ended May 31, 2025, primarily from machine leasing.
The results also reflect the March launch of MAVAN, an institutional-grade Ethereum staking platform that operates validator infrastructure for its own holdings and external clients.
MAVAN, short for “Made in America VAlidator Network,” followed the acquisition of Australia-based non-custodial validator operator Pier Two Holdings. It was originally developed to support Bitmine’s own Ethereum treasury; its scope expanded to serve institutional investors, custodians and ecosystem partners.
Lee calls Robinhood Chain a “breakaway success”On Monday, Lee highlighted the success of the newly launched Robinhood Chain, with dollar volumes exceeding $1 billion since its July 1 launch.
“Robinhood Chain now has more trading volume than any other decentralized exchange (DEX), demonstrating the outstanding utility and product market fit for Ethereum, which is the underlying chain,” he said.
“Robinhood Chain uses ETH as the native gas token. And transaction fees are denominated in ETH and the finality is settled on Ethereum. Robinhood’s 27 million users are paying crypto fees denominated in ETH. In other words, everyday users are starting to see ETH as money,” he added.
Magazine: Strategy became a symbol of the dot-com crash: Could history repeat?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Bitmine Immersion Technologies reported generating $46 million from Ethereum staking in the last quarter, according to Cointelegraph. This earnings report reflects Bitmine’s significant presence in the Ethereum staking sector, with the company holding 5.77 million ETH or approximately 4.8% of the total supply. Bitmine’s MAVAN platform currently has 4.92 million ETH actively staked. Analysts had anticipated similar quarterly figures, projecting an annualized revenue of $184 million, aligning with Bitmine’s massive staked position and the current network yields averaging 2.7%–2.8%.
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Key Takeaways Bitmine’s reported $46 million earnings from Ethereum staking last quarter suggests strong performance and demand within the Ethereum ecosystem. Market participants have shown increased confidence in Ethereum’s price potential, with significant moves in prediction markets indicating a possible price increase. The $46 million figure aligns with analyst expectations, suggesting that Bitmine’s staking strategy continues to perform as projected. What to Watch Market participants will be observing how Bitmine’s staking earnings influence Ethereum’s market sentiment, particularly in the context of price predictions for July. Key actors such as Vitalik Buterin and regulatory bodies like the U.S. SEC may play a role in the ecosystem’s developments. Price movements toward significant milestones, like reaching $1,900, could further be influenced by institutional activities and macroeconomic announcements in the coming weeks.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 87.5% — — View market → August 1 2026 1.8% — — View market → August 1 2026 49.5% — — View market → August 1 2026 3% — — View market → August 1 2026 0.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 23.5% — — View market → August 1 2026 6.5% — — View market → August 1 2026 1.6% — — View market → August 1 2026 3.1% — — View market → August 1 2026 5.4% — — View market → August 1 2026 10.8% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.8% — — View market → August 1 2026 33% — — View market →
Bitmine Immersion Technologies reported $45.7 million in revenue from Ether staking and validator operations for the most recent quarter, reflecting a major shift in the company’s business model following the introduction of its institutional-grade Ethereum staking platform in March.
Staking dominates revenue streamsFor the three months ending May 31, staking activities contributed approximately 98% of Bitmine’s total revenue, according to the company’s latest 10-Q filing. In contrast, self-mined Bitcoin operations generated $624,000, while consulting services added $168,000.
Bitmine disclosed that it has allocated 85% of its Ether holdings—about 4.9 million ETH—into staking. Chairman Tom Lee stated that this is the largest amount of ETH staked by any single entity worldwide.
Bitmine’s projected annual ETH staking reward reaches $284 million at full scale, when both the company’s and its partners’ Ether are fully staked through MAVAN and affiliated staking operations.
A year ago, Bitmine’s quarterly revenue totaled $2 million, driven mainly by equipment leasing, highlighting how the company’s focus on Ethereum staking has transformed its income structure.
Launch and expansion of MAVAN platformThe launch of MAVAN in March marked a new phase for Bitmine. MAVAN, an institutional-grade Ethereum staking service, manages validator infrastructure on behalf of Bitmine and external customers. The platform emerged after Bitmine’s acquisition of Pier Two Holdings, an Australian operator specializing in non-custodial validator services.
Originally developed to support Bitmine’s own Ethereum treasury, MAVAN has grown to serve institutional investors, custodians, and partners within the Ethereum ecosystem.
Mini dictionary: MAVAN (Made in America VAlidator Network) is a staking and validator infrastructure platform focused on institutional-grade Ethereum staking, supporting both Bitmine’s assets and third-party clients.
Robinhood Chain drives Ethereum growthBitmine’s chairman Tom Lee also pointed to the rapid success of Robinhood Chain, a new decentralized trading platform that launched on July 1. He reported that dollar trading volumes on Robinhood Chain have already surpassed $1 billion.
According to Lee, Robinhood Chain now handles more trading volume than any other decentralized exchange, underscoring both its significance and the utility of Ethereum as the underlying blockchain.
Robinhood Chain, utilizing ETH as its native gas token, has introduced millions of users to Ethereum-based transactions, with all network fees and settlement processes occurring directly on the Ethereum blockchain.
Lee emphasized that Robinhood’s 27 million users are now paying transaction fees in ETH, signaling a shift toward mainstream viewing of ETH as a form of money within the platform’s ecosystem.
Quarter EndedTotal RevenueStaking RevenueBTC MiningConsultingMay 31, 2026$45.7 million$44.8 million$624,000$168,000May 31, 2025$2 millionNot disclosedMajority of revenueMinimalDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Circle has again issued an additional 750 million USDC on Solana, bringing its total additional USDC issuance this year to over $69 billion.
According to monitoring by Onchain Lens, Circle has minted an additional 750 million USDC on the Solana network. Data shows that since 2026, Circle has cumulatively minted approximately 69.01 billion USDC on the Solana network.
6 minutes ago
A crypto whale has amassed $75 million worth of USDC in recent weeks and begun participating in Hyperliquid’s CXMT bidding.
According to Mlm's monitoring, a whale address has accumulated approximately 75 million USDC tokens over the past several weeks. It had previously executed multiple test trades on Hyperliquid and has now begun participating in the bidding for CXMT assets.
6 minutes ago
A South Korean investment-focused YouTuber was attacked with a knife by a viewer, allegedly triggered by huge losses from following the YouTuber's stock investment recommendations.
According to a report by The Chosun Ilbo, a stock investment-focused YouTuber in his 40s in Busan, South Korea was repeatedly stabbed with a knife by a man in his 20s. The suspect was a subscriber to the YouTube channel, the report noted. Some local media outlets added that the attack’s motive stemmed from the suspect incurring heavy investment losses after buying stocks recommended by the YouTuber, sparking resentment that led to the assault. The case is currently under further investigation.
6 minutes ago
Analysis: The US and Iran are trapped in a war of attrition in the Strait of Hormuz, with both sides facing time pressure.
As tensions in the Strait of Hormuz continue to escalate, analysts believe the U.S. and Iran are entering a war of attrition centered on time, cost, and political endurance. Reports indicate Trump aims to resolve the conflict before the U.S. midterm elections to avoid further oil price hikes, while Iran is seeking to prolong time without triggering full-scale war by repeatedly threatening shipping in the Strait of Hormuz, in order to wear down the U.S.'s political and military patience. To date, the U.S. has reinstated blockades on Iranian ports and maritime shipping, and has been striking military targets that threaten navigation; Iran, in turn, continues to target Strait of Hormuz shipping lanes with missiles and drones, attempting to disrupt global energy transport. Analysts note that with both sides seeking to avoid full-scale escalation, this standoff is likely to evolve into a prolonged war of attrition.
6 minutes ago
South Korean securities firms discuss raising minimum deposit requirements for chip stock leveraged ETFs.
The Korea Financial Investment Association (KFIA) announced that CEOs of 10 major South Korean asset management firms have discussed investor protection measures for individual stock leveraged ETFs, including raising minimum deposit requirements and staggering rebalancing trading times. Per the association’s statement, attendees agreed it is necessary to lift the minimum deposit threshold for investing in such leveraged products from the current 10 million won (US$6,714). They also emphasized the need to strengthen the market stabilizer function of liquidity providers. Citing data from the Korea Capital Market Institute, the KFIA noted that since the launch of related leveraged ETFs, daily stock trading volume required for rebalancing is estimated at between 700 billion won and 2.1 trillion won.
6 minutes ago
Hyperliquid’s HIP-3 has completed the code auction for CXMT (Changxin Memory Technologies), with a final transaction price of 500 HYPE.
Hyperliquid HIP-3 has completed the auction of CXMT trading codes, with the final deal closing at 500 HYPE (approximately $32,600). The CXMT code corresponds to Chinese storage chip manufacturer Changxin Memory Technologies, and is expected to be listed on Hyperliquid’s IPOP market ahead of its IPO on July 27.
Chainlink price climbed 4.29% to $8.22 during the latest session as buyers returned across the broader cryptocurrency market. Over the last week, LINK has also risen by 7%, maintaining the short-term momentum at a positive trajectory.
The open interest rose 10% with the trader participation stronger with the price remaining above the key zone of $8.20. The broader crypto market gained 3.14% to approximately 2.21 trillion after a positive report on inflation in the United States.
Bitcoin price rose more than 3% to $64,600, while Ethereum jumped 5% to around $1,875. XRP price gained nearly 3% and traded close to $1.10 during the same period.
Traders are now watching June CPI and PPI releases for signs of easing inflation. Cooler data could support expectations for a more dovish Federal Reserve policy outlook ahead.
Chainlink Open Interest Jumps 10% as LINK Volume Surges The activity of the chainlink derivatives expanded as traders became more exposed to the LINK futures markets. Trading volume climbed 18.34% to $337.08 million during the latest reporting period. In the meantime, open interest increased 10% and stood at $431.32 million, indicating increased capital in outstanding contracts.
Source: Coinglass data The joint rise indicates that the market is growing its participation and traders are setting up in anticipation of a potential price change. Increased volume also means that there is increased short-term demand and liquidity across derivatives platforms.
Chainlink Price Eyes $10 After Bullish Break Above Rising Channel The LINK price rose to $8.31 as buyers drove the token out of its short-term upward channel.
The four-hour RSI was 65.62, and momentum was close to the overbought zone and not going beyond the 70 mark.
Meanwhile, the MACD line moved above the signal line, while the histogram returned to positive territory. These readings indicate that short-term momentum is still in the hands of buyers, though short-term pullbacks are still possible.
Source: Tradingview A continuous break on the upside that goes above $8.50 will clear the way to $9.00. Further strength may bring the psychological $10.00 target into focus as per the long-term LINK forecast. But then any failure to hold $8.00 may compromise the arrangement and reveal $7.70. The increasing channel is significant to the near-term trend of LINK.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Crypto presales remain one of the earliest ways to invest in new blockchain projects, but they also carry some of the highest risks. Every year, investors lose funds to fake websites, unaudited contracts, and projects that never deliver after raising capital.
As new crypto presales launch across Ethereum, Solana, Bitcoin Layer-2s, and BNB Chain, understanding how to evaluate them has become just as important as finding the next opportunity.
What to Check Before Buying Any Crypto Presale A good presale starts with transparency rather than promises of large returns.
Before connecting a wallet or sending funds, investors should verify that they are using the project’s official website and smart contract. Scam websites often copy legitimate presales and trick buyers into sending crypto to fraudulent addresses.
Security audits are another important checkpoint. Independent reviews from firms such as Coinsult help identify potential vulnerabilities before a token reaches the public market.
Investors should also read the tokenomics carefully.
Questions worth asking include:
Is the smart contract independently audited? Are token allocations publicly available? Does the project explain vesting schedules? Are official social channels clearly linked? Is there a published roadmap beyond the presale? Are supported payment methods clearly listed? No checklist removes investment risk completely, but completing these basic checks helps avoid many common scams.
Why Presale Structure Matters Not every presale operates in the same way.
Some projects distribute tokens immediately after purchase, while others introduce vesting schedules that release allocations over several months. Some require whitelist registration or identity verification, while others allow direct wallet participation.
Payment options have also expanded.
Many new 2026 presales now support ETH, BNB, USDT, USDC, and even bank card purchases through integrated payment providers.
Investors should understand exactly when purchased tokens become claimable and whether additional steps are required after the fundraising campaign ends.
Reading the project’s documentation remains one of the simplest ways to avoid unexpected surprises later.
MemeToro Uses a Structured Presale Process MemeToro has built its public sale around a straightforward purchase process.
Participants begin by visiting the official presale website before connecting a compatible wallet configured for BNB Chain. Buyers can then complete their purchase using supported cryptocurrencies or a bank card before confirming the transaction through the smart contract.
The current fundraising campaign is in Stage 4, with more than $77,000 already raised. The present token price is $0.00171, while the next presale stage will increase the price to $0.00190.
Rather than introducing complicated purchase requirements, the process is designed to remain consistent regardless of the payment method selected.
Looking Beyond the Presale A secure purchase is only one part of evaluating a crypto project.
MemeToro is being developed as a broader Web3 ecosystem on BNB Chain, where the $MT token connects several planned products instead of existing only for fundraising.
The roadmap includes multiple utilities that extend beyond launch day. Some planned platform features include:
AI-assisted no-code memecoin creation SocialFi and behavioral finance tools Deflationary fee-burn mechanism The project also allocates the majority of its supply to public participants while preparing additional products that continue operating after exchange listings.
Although these features do not remove investment risk, they provide a clearer picture of how the platform intends to use the native token beyond the presale itself.
Safety Should Always Come Before Hype Crypto presales can offer early access to new blockchain projects, but they also require careful research. Verifying official websites, checking audit reports, understanding tokenomics, and reviewing the roadmap remain essential before making any investment decision.
MemeToro is one example of a project combining an audited presale process with a broader Web3 ecosystem, but like every early-stage crypto investment, it should be evaluated carefully alongside its documentation, development progress, and long-term goals before participating.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
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15 July 2026 | 00:18 Morgan Stanley Investment Management filed a third round of amendments with the U.S. Securities and Exchange Commission on July 14 for proposed exchange-traded funds holding ether and solana.
The Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust are designed to give investors spot exposure through ordinary brokerage accounts without requiring them to buy tokens or manage private keys. If the registration statements become effective, the shares are expected to trade on NYSE Arca under the tickers MSSE and MSOL.
The amended filings expand a crypto product line that already includes the Morgan Stanley Bitcoin Trust, which trades on NYSE Arca with the same 0.14% annual sponsor fee, and the Stablecoin Reserves Portfolio, launched in April to hold assets that meet the GENIUS Act’s reserve requirements. Unlike the passive Bitcoin fund, the proposed Ether and Solana trusts would also generate staking rewards, combining regulated brokerage access with potential onchain income. Together, the products show Morgan Stanley building a broader digital-asset strategy spanning token exposure, stablecoin reserve management and staking rather than treating Bitcoin as a standalone offering.
What the Funds Would Hold Both products are passive trusts that would track CoinDesk’s 4PM New York settlement benchmarks for ether and solana. They would not use leverage, derivatives or active trading strategies, so returns would primarily reflect movements in the underlying tokens, less expenses, together with any net staking income.
BNY and Coinbase Custody are named as custodians, while Morgan Stanley Investment Management would serve as delegated sponsor.
Under normal market conditions, the Ethereum trust intends to stake between 50% and 80% of its ETH, while the Solana vehicle may stake up to 100% of its SOL. Both would periodically keep assets unstaked to cover redemptions, expenses and distributions. The shared 0.14% sponsor fee therefore sits alongside different return mechanics: a larger portion of MSOL’s holdings could earn network rewards, but its liquidity management becomes more important when unstaking is delayed.
Figment, Galaxy Blockchain Infrastructure and Coinbase Canada are listed as staking providers for both products. The providers and custodians would collectively receive 5% of gross staking rewards, leaving 95% for the trusts. Net rewards would initially increase net asset value before being converted into cash for distributions expected monthly, but no less frequently than quarterly.
The prospectuses do not promise a fixed yield. Returns would depend on network conditions and the proportion of assets staked, while validator failures, penalties and unstaking delays could reduce income or complicate redemptions. Morgan Stanley may also suspend staking if it creates material legal, regulatory or tax risks. Retail investors would not be able to exchange shares directly for ETH or SOL. Only authorized participants could create or redeem 10,000-share baskets, meaning the products would remain regulated brokerage wrappers rather than substitutes for holding transferable tokens.
A 0.14% Sponsor Fee Each trust carries a proposed annual sponsor fee of 0.14% of net asset value, accrued daily and paid monthly in arrears. Morgan Stanley would cover ordinary operating costs from that fee, while litigation and other extraordinary expenses could still be charged to the trust. Investors may separately incur brokerage commissions when trading shares.
The July 14 submissions are Amendment No. 3 to the registration statements, not approvals. The SEC must declare the filings effective before shares can be sold, and the documents remain subject to further changes. The trusts would also not be registered under the Investment Company Act of 1940, meaning shareholders would not receive the protections attached to conventional registered investment companies.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin reclaimed $64,000 on Tuesday after U.S. inflation fell 0.4% month over month, easing expectations for prolonged Federal Reserve tightening and lifting sentiment across risk assets.
Notable Statistics:
Coinglass data shows 86,420 traders were liquidated in the past 24 hours for $435.03 million. SoSoValue data shows net outflows of $424.7 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $15.4 million. In the past 24 hours, top gainers include Binance Life, Lighter and Zcash. Notable Developments:
Trader Notes:
Industry expert Benjamin Cowen noted that Bitcoin’s current price action resembles 2018, with two consecutive green weeks followed by a pullback around CPI.
If the pattern repeats, BTC could rally into late July or early August before retracing those gains by September.
Trader KillaXBT argued that many investors risk missing the next cycle by waiting for ever-lower Bitcoin prices.
While a drop to $49,000 remains possible, he believes bearish expectations would likely keep shifting to $35,000, $25,000, or even $10,000, causing sidelined investors to miss a reversal.
The analyst views current levels as a long-term accumulation opportunity and encourages buying with a multi-year investment horizon.
Trader Jelle highlighted that Bitcoin has flashed a rare three-day bullish MACD crossover below the zero line, a technical signal that has historically preceded major rallies.
He said the indicator that suggests bearish momentum is fading and selling pressure may be nearing exhaustion.
Image: Shutterstock
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The market is holding its breath, not falling apart. Bitcoin sits just above $62,600 after a 0.8% daily dip, US inflation data lands today, and the one chart everyone should glance at is not BTC at all. It is Hyperliquid, down 10.3% on the week, the worst print in the entire top 10.
BTC Waits for the CPI Print Bitcoin trades at $62,617 as of July 14, 2026, per CoinGecko, down 0.8% over 24 hours and nearly flat, minus 0.7%, across the week. Market cap: $1.256 trillion. Volume: $27.3 billion.
The shape of the week matters more than the numbers. BTC absorbed the US and Iran escalation, a wave of long liquidations, and a slide toward $60,000, then stabilized in the low $62,000s ahead of today’s inflation report. Flat after that sequence is not weakness. It is a market that has already sold its fear and is waiting for a reason to do anything else.
The reason arrives today. A cool CPI print revives rat e-cut bets and risk appetite; a hot one sends BTC back to test the $60,000 round number it has been circling for a week. Until the data drops, the $60,000 to $64,000 box is the whole map, and this desk covered the top of that box last week. The box has not changed. The catalyst has a timestamp now.
ETH Stands Alone, XRP Leans on $1 One number stands out on the majors board: Ethereum is the only large cap green on the week, up 0.8% at $1,786. Everything else in the top 10 is red over seven days. When a single major diverges through a storm like this one, it is usually telling you where the next rotation starts, and ETH held that role through last week’s rally too. Watch whether it keeps the crown through the CPI reaction.
XRP is the opposite story. At $1.07, down 5.1% on the week, it keeps drifting toward the round $1.00 after breaking the $1.11 level our XRP coverage flagged as the line between a dip and a top. The break resolved bearish, and $1.00 is now the level the entire XRP conversation compresses into.
Solana slid to $75.05, down 7.7% weekly, still digesting both the macro storm and the BonkDAO drain we covered in this week’s BONK report. Dogecoin sits at $0.07212, and our July prediction page’s warning floor at $0.070 is now two cents of noise away.
HYPE Is the Red Flag of the Week Hyperliquid’s HYPE takes today’s second slot for the ugliest reason: minus 2.9% on the day, minus 10.3% on the week, the worst performance in the top 10, at $63.67 with a $14.2 billion cap. A token built on derivatives-exchange activity underperforming this badly during a volatility spike is counterintuitive; volatility is supposed to be its business. Either traders are pricing something specific, or the token simply carried the most froth into the storm. We have not verified a specific catalyst, and we will not invent one. The chart earns a spot on the watchlist either way: $60 is the round number below, and a bounce back above $67 would retire the concern.
[CHART: BTCUSD daily, July 14. Source: TradingView]
The Numbers That Matter Today BTC: the $60,000 to $64,000 box, CPI as the trigger. ETH: the only green major at $1,786. XRP: $1.00 in sight after losing $1.11. HYPE: worst of the top 10 at minus 10.3% weekly. Total market cap: roughly $2.16 trillion, red but orderly. The data decides the rest today.
FAQ What is the Bitcoin price today? Bitcoin trades at $62,617 as of July 14, 2026, down 0.8% in 24 hours, with a $1.256 trillion market cap ahead of today’s US inflation report.
Why is HYPE falling? HYPE is down 10.3% on the week, the worst in the top 10, at $63.67. No single confirmed catalyst is visible in the data; the move fits broad risk-off pressure hitting the frothiest large caps hardest.
Why is Ethereum up while everything else is down? ETH is the only top-10 major green over seven days, up 0.8% at $1,786, extending the relative strength it showed through last week’s rally and pullback.
This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.
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XRP and Ethereum have recorded their highest levels of investor FOMO in the last five weeks, with crowd sentiment turning bullish despite ongoing price weakness. XRP currently trades around $1.06, while Ethereum remains about 65% below its all-time high from August 2025. Both major tokens saw renewed attention as traders shifted focus back toward large-cap cryptocurrencies.
Bullish sentiment returnsSantiment Intelligence, a leading blockchain analytics firm, observed that fear has receded from the market across the largest cryptocurrencies, including Bitcoin, Ethereum, and XRP. However, the firm noted imbalances in market mood, particularly with XRP showing the most optimistic crowd outlook at the start of the week.
On Monday, Santiment Intelligence measured 3.02 bullish XRP comments for every bearish comment. Ethereum followed with 2.31 bullish for each bearish view, while Bitcoin remained more neutral with a 1.40 ratio.
This rising optimism comes as both XRP and Ethereum enter territory often associated with investor FOMO. Market analysts suggest this can heighten short-term risks, as heightened enthusiasm during periods of price weakness sometimes leads to unexpected reversals.
Santiment Intelligence reported that Bitcoin and Ethereum initially started the day on a stronger note but faded later, moving lower as XRP and ETH entered more speculative sentiment territory. Historically, extremes in crowd sentiment have preceded short-lived price swings in the opposite direction.
Both tokens’ crowd-driven momentum stands in contrast to their short-term price performance, which remains subdued amid broader crypto market volatility.
Mini dictionary: Santiment Intelligence is a blockchain data analytics platform providing on-chain and social metric analysis for digital assets.
AssetBullish/Bearish Comment RatioCurrent Sentiment LevelXRP3.02Strongly BullishEthereum2.31BullishBitcoin1.40NeutralEthereum’s fundamentals under scrutinyDebate around Ethereum’s intrinsic value has resurfaced, with market commentators examining the gap between the platform’s network growth and its price action. Independent analyst TedPillows pointed out that Ethereum’s price is still around 65% below the August 2025 peak despite ongoing improvements in network activity, adoption, and underlying strength.
TedPillows emphasized that Ethereum’s charts and fundamentals are telling different stories, noting sustained growth in usage and adoption while the token’s price remains suppressed.
The disconnect between Ethereum’s utility metrics and its market value has become a focal point for investors. TedPillows explained that although higher activity and broader adoption can build a stronger foundation for long-term appreciation, they do not insulate the asset from short-term market volatility. Traders continue to watch whether sustained bullish sentiment will support ETH prices or increase the risk of another pullback.
XRP holds above supportMarket charts indicate that XRP is consolidating around $1.07 on Bitstamp, near a recent low after a decline from 2025 highs above $3. The token’s broader trend still reflects a pattern of lower highs, highlighting ongoing pressure within the market.
XRP is currently attempting to stabilize within a support range between $1.00 and $1.05. Should prices fall below $1.00, technical analysts foresee increased risk of further declines toward $0.95 or $0.90. For a potential upward shift, XRP needs to secure a daily close above the $1.15–$1.20 region.
Key indicators on the daily chart show the MACD registering a small positive crossover, while the RSI remains below the midpoint at approximately 39.9, suggesting caution prevails until momentum strengthens.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
EthSystems officially launched on July 14, 2026, as an independent engineering and research company spun directly out of the Ethereum Foundation’s Institutional Privacy Task Force, known internally as the IPTF. The mission is specific: help regulated financial institutions, think banks and asset managers, actually use Ethereum without exposing every transaction to the world.
What EthSystems actually does EthSystems offers architecture advisory, implementation workshops, and full production system builds. Everything it produces, including maps, prototypes, and frameworks, stays publicly available.
The technical foundation comes from the CROPS framework, under which the team has evaluated over 10 distinct privacy approaches, identified 23 specific use cases, and catalogued 69 modular building blocks that can be combined to meet different compliance and confidentiality requirements.
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The backers and the broader push EthSystems has secured funding from Bitmine Immersion Technologies, listed on NYSE as BMNR, and Sharplink, listed on Nasdaq as SBET. Ethereum co-founder Joe Lubin is also among the backers.
The launch also comes just two weeks after a related initiative called Ethereum Institutional went live on July 1, 2026. That project shares overlapping backers and addresses a complementary problem: helping institutions navigate the broader Ethereum ecosystem rather than specifically solving the privacy architecture challenge.
Inside the Ethereum Foundation itself, the Foundation rebranded its privacy team in 2025 and assembled a dedicated Privacy Cluster comprising 47 researchers and engineers focused on embedding privacy considerations into Ethereum’s core development roadmap.
What this means for the Ethereum ecosystem The dual constraint EthSystems is designed to address is being private from the market while remaining transparent to the regulator. Institutions can’t simply encrypt everything: regulators need audit access. That dual constraint is what the CROPS framework is designed to address.
By publishing everything, EthSystems avoids becoming a proprietary gatekeeper to institutional Ethereum access. Other builders, including competitors, can use the CROPS framework.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
