Grayscale filed an SEC prospectus supplement updating its $1.6 billion Ethereum Staking Mini ETF to stake nearly all of its 839,556 ETH holdings and distribute staking rewards as quarterly cash payments to investors, effective August 6, 2026.
Six Ethereum researchers, including Ethereum Foundation's Justin Drake, have submitted EIP-8361 proposing to progressively burn validator rewards as staked ETH increases, potentially reducing issuance to zero when staking reaches approximately 60% of supply. The proposal has sparked debate within the community, with Ether.fi responding by removing restaking from its weETH token.
Six Ethereum researchers including Ethereum Foundation's Justin Drake have proposed EIP-8363, a 'Tapered Issuance Burn' mechanism that would progressively reduce validator rewards and burn consensus rewards as staked ETH increases, potentially cutting issuance to zero if staking reaches 50% of supply. The proposal has sparked backlash from critics who warn it could disadvantage solo stakers and impact DeFi activity.
Uniswap has expanded beyond token trading with the launch of Earn, a self-custodial lending feature that allows users to deposit USDC, USDT, and ETH into Morpho vaults to generate yield directly within the Uniswap app. The product uses vaults curated by Gauntlet and integrates with Morpho's $11.79 billion lending network.
Ethereum miners are selling less ETH than ever before, reaching near-historic lows in selling pressure. CryptoQuant analysts suggest this reduced supply pressure could create favorable conditions for a price recovery if institutional demand increases.
Bitmine Immersion Technologies purchased 9,946 ETH last week, increasing its total Ethereum holdings to 5.787 million ETH valued at approximately $11.2-11.8 billion, representing 4.8% of Ethereum's circulating supply. The company's stock (NYSE: BMNR) surged 5-13% following the announcement, which also included share repurchases of 6.1 million shares.
Decentralized derivatives protocol AFX Trade on Arbitrum suffered a $24.15 million USDC loss on July 22 after an attacker compromised its cross-chain bridge validator signing keys. The stolen funds were converted to approximately 12,467 ETH on Ethereum.
Bitmine Immersion Technologies added 7,430 ETH during the week ending July 19, 2026, worth approximately $14 million at the then-current market price—one of its smallest weekly additions since launching its Ethereum treasury strategy in June 2025. Chairman Tom Lee said the reduced purchasing pace reflected the company’s repurchase of approximately 5.5 million common shares for nearly $86 million under its $4 billion buyback program. The purchase brought Bitmine’s total Ethereum holdings to 5,777,468 ETH.
Ambient Finance, an Ethereum-based DeFi protocol, suffered a security breach resulting in approximately $110,600 in losses. The attack was preceded by a suspicious 50 ETH transfer into a new smart contract before the exploit was executed.
A wallet linked to Ethereum co-founder Joseph Lubin transferred 80,001 ETH worth approximately $121 million across multiple transactions after remaining dormant for over three years, sparking concerns about founder selling as ETH approached $1,500.
A developer known as Florent helped recover approximately 1,003 ETH (worth roughly $2 million) that had been trapped in a 2016 initial coin offering contract for nine years using a whitehat exploit.
Gravity Bridge, the cross-chain bridge connecting Ethereum and Cosmos, was exploited for approximately $5.4 million in digital assets including $4.3 million in USDC and 274 ETH, with investigators pointing to a compromised signing key rather than a smart contract vulnerability.
Ethereum co-founder Vitalik Buterin responded to community criticism by announcing the Ethereum Foundation will become a 'smaller ship' focused on CROPS (core research), sell less ETH, and expand its board to reduce his personal influence. The announcement comes amid an exodus of top researchers from the foundation.
Aave has progressed to Phase II of recovering exploited rsETH funds following a $200 million bad debt event linked to the Lazarus Group, with $71 million in ETH returns moving forward despite no flaws in Aave's own contracts.
A New York court has ordered Arbitrum DAO to freeze $71 million in ETH connected to North Korean hackers, with terrorism creditors moving to seize the Kelp DAO funds ahead of a DeFi United vote. The case highlights compliance challenges for decentralized protocols.
Crypto treasury company BitMine purchased over 101,000 ETH for $236 million, continuing aggressive accumulation despite holding $6.5 billion in unrealized losses. The company has bought more than 5 million ETH in 10 months.
Consensys and founder Joseph Lubin contributed 30,000 ETH to the DeFi United initiative aimed at recovering losses from the Kelp DAO exploit. The industry-wide effort has now raised over $300 million worth of Ethereum from multiple protocols and entities.
On April 26, 2026, the Ethereum Foundation deposited 17,035 wstETH into Lido's unstETH contract — just short of its 70,000 ETH staking target and days after its Bitmine sale — sparking community speculation about an impending sell-off. No confirmed sale had occurred at time of reporting.
Aave governance proposed contributing 25,000 ETH to the DeFi United coalition working to cover losses from the $292 million Kelp DAO exploit. Multiple protocols and individuals have collectively pledged enough to cover the shortfall, with Mantle proposing a 30,000 ETH loan.
Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo pledged combined 43,000 ETH to 'DeFi United' recovery effort to restore rsETH backing following the $292 million Kelp DAO exploit.
The Ethereum Foundation sold 10,000 ETH to Bitmine Immersion Technologies via OTC at $2,387/ETH (~$23.87M) on April 24, 2026, to fund operations. The sale, the second to Bitmine in two months, drew community criticism over the Foundation's silence on broader DeFi recovery efforts.
The Arbitrum Security Council froze $71 million worth of ETH stolen in the $292 million Kelp DAO exploit, with funds only movable through further governance action. Kelp DAO and LayerZero continue to dispute responsibility for the bridge vulnerability.
A coalition of DeFi protocols deployed a joint emergency mechanism to help Aave ETH lenders and loopers exit positions after the Kelp DAO bridge exploit created systemic risk across lending markets. The response demonstrates DeFi's architectural openness can produce rapid crisis solutions.
BitMine Immersion Technologies made its largest Ethereum acquisition since December, adding $157 million worth of ETH to bring holdings to 4.87 million tokens—4.04% of all ether in existence—generating $212 million in annualized staking revenue.
The Ether Machine, an ether treasury firm with over $1 billion in holdings, terminated its SPAC merger with Dynamix. Under the termination agreement, a payor likely connected to The Ether Machine must pay Dynamix $50 million within 15 days.
Ethereum treasury company BitMine Immersion Technologies uplisted to the New York Stock Exchange and increased its share buyback authorization from previous levels to $4 billion, while holding nearly 4% of Ethereum's total supply.
The Ethereum Foundation completed its 70,000 ETH staking initiative with a $93 million single-day deposit, reaching $143 million in total staked ETH and ending its years-long practice of selling ETH to fund operations. The program, announced in February 2026, is projected to generate $3.9-$5.4 million annually in yield, replacing selling with earning and closing the loop on one of the community's most persistent grievances against the foundation.
The Ethereum Foundation deployed approximately 20,470 ETH ($42-46 million) to the Beacon Chain across 11 coordinated deposits on Monday, marking one of the largest visible batches in recent months as it accelerates a 70,000 ETH staking initiative.
After the Ethereum community rallied behind Danny Ryan in an on-chain vote representing over $159 million in ETH, Ryan and the Ethereum Foundation mutually parted ways in January 2025 without a leadership arrangement. Rather than returning to the organization he helped build for seven years, including leading The Merge, Ryan co-founded Etherealize in March 2025 alongside former Citadel executive Vivek Raman, focusing on bringing Ethereum to Wall Street.
The Ethereum Foundation faced sustained community criticism throughout 2024 and into early 2025 for regularly selling ETH to cover its approximately $100 million in annual operating expenses, averaging a sale every 11 days in 2024. Each transaction sparked accusations of market manipulation and misalignment with Ethereum's values, fueling broader calls for governance reform and serving as a key catalyst for the leadership crisis that followed.
