Bitcoin Drops Below $77,000, Eraseing All May Gains
The May rally fully unwound in a single morning selloff, even as Strategy disclosed one of its largest weekly buys of $2B — a reminder that corporate bid can't override a market still working off…
Ethereum is a decentralized, open-source blockchain platform designed to support smart contracts and decentralized applications without the control of any central authority. Often described as a programmable global computer, it allows developers to build a wide range of on-chain services, from financial protocols and NFT marketplaces to gaming platforms, using self-executing programs written primarily in Solidity. These smart contracts run on the Ethereum Virtual Machine, which is maintained by a global network of independent nodes. The native asset, Ether (ETH), functions as the network's currency. It is used to pay transaction fees, commonly referred to as gas, and must be staked by validators who propose and confirm blocks. In September 2022, Ethereum transitioned from Proof of Work to Proof of Stake through an event known as the Merge, reducing its energy consumption by more than 99 percent. An earlier upgrade, EIP-1559, introduced a fee-burning mechanism that can offset issuance during periods of high activity. Ethereum was proposed in 2013 by Vitalik Buterin, alongside several co-founders, and launched in July 2015. It belongs to the Smart Contract Platform and Layer 1 categories, and remains the largest ecosystem for decentralized application development.
The May rally fully unwound in a single morning selloff, even as Strategy disclosed one of its largest weekly buys of $2B — a reminder that corporate bid can't override a market still working off…
Buterin's pitch lands as the industry grapples with smart-contract exploit losses running into the billions — automated proof of correctness is the part AI may actually get right.
The exit from one of Wall Street's most-watched desks is the signal — a rotation toward BTC and ETH as XRP stalls near $1.40 and SOL sheds nearly 12% in a week.
The 4.37% supply stake and $289M annualized staking yield signal treasury conviction at scale — making Bitmine one of the largest single-entity ETH holders now visible on-chain.
The reversal matters more than the size: Lee said Bitmine would slow accumulation, then loaded 71,672 ETH in a single week — and tied the bid directly to crude, not to on-chain fundamentals.
Bitmine added 71,672 ETH last week in a single-week accumulation push that lifted its total holdings to 5.28 million…
With 89% of holdings already staked and 4.37% of all ETH concentrated in one corporate treasury, Bitmine's accumulation pace is now a direct read on institutional conviction in the asset.
The treasury push added 71,672 ETH in a single week and now equals more than 4% of all Ethereum ever issued, putting the company 87% of the way to its stated 5% target in just 11 months.
The $4T figure, evenly split between stablecoins and tokenized RWAs, positions DeFi protocols as the native infrastructure layer — and clears a path for protocol tokens to capture the throughput.
Trump's 'clock is ticking' warning to Iran pushed Brent above $112 and Bitcoin to a multi-week low at $76,500 — but the real signal is the $677M liquidation cascade and a 14% Treasury-vol spike that…
The 13F reads as a rotation, not a retreat: $700M stays in Bitcoin ETFs while the bank piles into Circle, Galaxy, and Coinbase equity.
25.7K $ETH (≈54.3M) moved from unknown wallet to #Bybit.
HYPE reclaimed $45 with a 6% gain, $600M in volume, and a 44% share of on-chain perps — the same fee-driven thesis Arthur Hayes pegged to a $150 August target.
The attacker walked away with 103.6 tBTC, 1,625 ETH, and 147K USDC — and has already consolidated the haul into a single 5,402 ETH wallet.
Borrowing caps are back on, but the exploit funneled the borrowed ETH through a sanctioned mixer — the borrowing-market plumbing is patched, the regulatory tail is not.
BTC dominance is climbing even as the dollar index strengthens — a defensive rotation that historically marks capitulation phases, not bottoms.
Ether absorbed $244M and Bitcoin $160M of the wipeout — the largest single-day long liquidation since Feb. 6, when a BTC slide to $60K erased $1.84B in crowded bullish bets.
The attack drained 103.6 tBTC, 1,625 ETH, and 147K USDC — small next to April's $293M Kelp DAO hit, but it confirms Phemex's pattern read: bridge and cross-chain messaging rails, not smart contracts,…
The reversal hits every US spot BTC fund at once — the first broad-based weekly outflow in seven — and pulled $255M out of spot ETH ETFs the same week.
Blockaid flags the cross-chain bridge as still actively draining, with Peckshield tallying the loss in tBTC, ETH, and USDC so far.
Ethereum is a global, open-source platform for decentralized applications.
Ethereum (ETH) launched on 2015-07-30.
Ethereum (ETH) is categorised as: Smart Contract Platform, Layer 1 (L1), Ethereum Ecosystem.
The official Ethereum site is https://www.ethereum.org/.
Most recent Ethereum coverage: "Bitcoin Drops Below $77,000, Eraseing All May Gains" — read at /en-US/a/bitcoin-wipes-all-of-mays-gains-sliding-below-77k-as-broad.