Author: Michael Johnson

Disclaimer: The following blog is a proposal from the Stateless Consensus team. Content may not imply consensus views, and the EF is a broad organization that includes a healthy diversity of opinion across Protocol and beyond that together strengthen Ethereum. Special thanks to Ladislaus von Daniels and Marius van der Wijden for reviewing this article. Ethereum has grown from a small experimental network into a critical piece of global infrastructure. Every day it settles billions of dollars in value, coordinates thousands of applications, and anchors an entire ecosystem of L2s. All of this ultimately relies on a single underlying component:…

BitMine buys $140M in ETH, boosting its treasury to nearly 4M ETH. US Bitcoin and Ethereum ETFs saw $582M in combined outflows. Ethereum trades near $2,950, capped by EMAs, with support at $2,900. Ethereum price forecast remains cautiously optimistic as the cryptocurrency struggles to maintain momentum, trading near $2,950 after slipping roughly 12% over the past week. While Ether has avoided a decisive breakdown, the broader market, including Bitcoin (BTC), shows signs of fatigue amid waning participation and cautious trading behaviour. BitMine adds $140M ETH in the dip As the price of Ethereum (ETH) fell below $3,000, Tom Lee’s Ethereum…

XRP-linked ETFs have surpassed $1B in net inflows, defying broader market dips. Ethereum sees significant downward pressure amid whale exits. Broad markets remain deteriorated due to liquidity crunches. Cryptocurrencies extended their weakness on Tuesday, with Bitcoin sliding toward $85K. The value of all digital assets has declined by 3% over the past day to $2.96 trillion. Sentiments are deteriorating daily due to thin liquidity, as even fundamentally healthy projects are failing to sustain prolonged upsides. Amidst the gloomy outlook, investors are becoming more defensive, with institutional players reducing exposure as they rotate to narratives dominating the current landscape. This divergence…

The pilot includes Optimism, Base, Ink, and Unichain as part of a multichain expansion strategy. Further chain launches are planned next year, subject to regulatory approval in the US. RLUSD has a $1.3 billion market cap and is seeing growing retail adoption since its launch. Ripple Labs is moving to broaden the reach of its US dollar-backed stablecoin, RLUSD, by testing it across several Ethereum layer 2 blockchains as part of a new pilot programme. The expansion comes as the company waits for regulatory clearance to move toward a wider rollout planned for next year. By extending RLUSD beyond its…

The fund is seeded with $100 million and requires a minimum investment of $1 million. Tokenized money-market funds offer faster settlement, continuous trading, and onchain ownership visibility. The tokenized money-market sector has grown to $9 billion in assets over the past year. JPMorgan Chase is preparing to deepen its push into blockchain-based finance through a tokenized money-market fund on Ethereum, according to a Wall Street Journal report published on Monday. The bank has not formally announced the product, but the report suggests JPMorgan is moving closer to offering onchain versions of traditional cash-management tools as institutional interest in tokenization grows.…

Ethereum co-founder has sold 1,400 UNI coins, alongside KNC and DINU tokens, for 16,796 USDC. The transaction comes as bears dominate the broader market. UNI bulls should hold prices above $5 to support short-term recoveries. Cryptocurrencies display bearishness as Bitcoin wavers below $90,000, currently trading at $89,800. Amidst the pessimistic sentiments, Ethereum co-founder Vitalik Buterin sparked the altcoin community by reducing his crypto holdings, including 1,400 UNI coins (according to Arkham data). Alongside Uniswap, Buterin has also dumped 10,000 KNC and 40 trillion DINU tokens, netting 16,796 USDC. While the transaction might seem modest in dollar amount, any transfer from…

Over $4.3 billion in Bitcoin and Ethereum options will expire today, December 12. BTC trades above $92,300, with a maximum pain level at around $90,000. Data shows balanced calls and puts, signaling a cautious stance among traders. Cryptocurrencies remained elevated on Friday as Bitcoin recovered from post-FOMC retracements. While most tokens trade below their key resistance zones, today’s gains brightened the mood across majors as uncertainty dominates even after the highly anticipated December 10 rate cut. Amidst the optimism, the primary story remained the over $4.3 billion in Bitcoin and Ethereum options expiring today, on December 12. With BTC price…

BTC ETFs recorded $60.48M withdrawals on December 8. Ethereum funds extended their latest momentum with $35.49M inflows. XRP and Solana ETFs ended yesterday with gains amid prevailing demand. The digital tokens space remains choppy ahead of the December 10 Federal Reserve decision on interest rates. Crypto exchange-traded funds, which have become vital in gauging institutional appetite in these risk assets, confirm the current uncertainty. Bitcoin ETFs suffer outflows despite IBIT’s gains Interest around BTC ETFs remained negative yesterday, with the products recording net outflows amounting to $60.48 million (SoSoValue data). The significant withdrawals came as investors reacted to the weekend’s…

Devconnect Buenos Aires wrapped up as the largest Ethereum Foundation event yet, bringing together a global mix of developers, founders, creators, and curious newcomers. Key numbers from the week 14,000+ attendeesfrom 130+ countries45% from Argentina53% first-time EF event attendees1,000+ visas issued in collaboration with Argentina’s Dirección Nacional de Migraciones80+ application exhibitors40+ deep-dive events15 Community Hubs200 volunteers500+ community-run side events across the city 📸 Find the Devconnect photo gallery here.📋 Share your feedback with us and fill out the survey. 🎡 A World’s Fair for Ethereum with La Rural as the Schellingpoint For the first time, Devconnect introduced a World’s Fair-style…

The collaboration follows the launch of the Monad mainnet in November 2025. Chorus One secures more than $3.5 billion across 30 blockchains. More than $6 million was staked during the first week of the programme. Chorus One has partnered with cryptocurrency exchange Bitget to expand access to Monad staking at a global scale. The collaboration focuses on simplifying how users interact with the Monad network, which launched its mainnet in November 2025. The move places emphasis on infrastructure growth, user access, and the broader shift toward staking services. Both companies confirmed that Bitget’s more than 120 million users will be…