Author: Michael Johnson
Bitmine has increased its Ethereum (ETH) holdings to over 4.73 million. The company is adding to its ETH treasury strategy despite market struggles. Ethereum price holds near $2,000. Bitmine Immersion Technologies, led by Tom Lee, has accelerated its Ethereum acquisitions, marking its largest purchase of 2026 so far. According to a company update, Bitmine’s total Ethereum holdings have risen to more than 4.73 million ETH, while its combined crypto and cash reserves now exceed $10.7 billion. The firm has also expanded its staking activity, even as Ethereum trades near the $2,000 level amid broader weakness in the crypto market. The…
BitMine tripled its weekly ETH buy to 126,971 tokens, now holding 4.59% of supply. Only 11% of ETH supply is in threefold profit, the lowest reading since Feb 2017. A weekly close below $1,500 could push ETH toward the $1,000 support zone. The Ethereum price dropped to a low of $1,522 last week before bouncing back within the $1,670–$1,712 range at the beginning of this week. While the recovery is modest, the ETH price is still down 15.3% over the past seven days and 28.1% over the past 30 days. From its all-time high of $4,946 set in August 2025,…
An Ethereum Working Group consisting of wallet developers, security firms and the Ethereum Foundation’s Trillion Dollar Security Initiative today launched an open standard designed to end blind signing — a structural flaw that has contributed to billions in user losses, including the Bybit hack. Ethereum Foundation’s Trillion Dollar Security Initiative is taking an active role as a credibly neutral steward of the Clear Signing registry. Across major exploits in crypto and blockchain applications, the final step often isn’t a bug in code, but a user approving a transaction. Even when phishing or an infrastructure compromise initiates the breach, the last…
A semi-regular gathering of Ethereum core devs from various client teams, or interop, recently took place in Svalbard, Norway. Over the week-long event, teams focused on hardening and preparation for the next upgrade, Glamsterdam. Several important milestones came out of the week, including: 200M gas limit floor established: Credible post-Glamsterdam target derived from convergence of ePBS, BAL optimizations, and EIP-8037 repricingePBS stabilized: Multi-client Glamsterdam-devnet running with external builders pipeline tested end-to-end across nearly all clientsEIP-8037 finalized: Fixed cost_per_state_byte adopted; full repricing numbers delivered by Friday on bal-devnet-6Hegotá groundwork laid: FOCIL prototypes are functional; native AA requirements were scoped; the multi-client…
This past week, just over 100 Ethereum core contributors gathered above the Arctic Circle — in Longyearbyen, Svalbard — for the Soldøgn Interop: a week of intense work on the Glamsterdam network upgrade. Soldøgn followed last year’s Berlinterop, but returned to the format used by Amphora 🏺, Edelweiss 🏔️, and Nyota ✨: a single-track week of focused, multi-client progress toward a specific upgrade — in this case, hardening Glamsterdam. By Friday, the group had delivered on its three core goals: alignment on a post-Glamsterdam gas limit floor of 200M, stable ePBS implementations running with external builders, and final EIP-8037 repricing…
TL;DR: We are excited to announce that applications are now open for the seventh cohort of the Ethereum Protocol Fellowship (EPF7). EPF provides a pathway for aspiring protocol developers to make meaningful contributions to Ethereum. In each cohort, a diverse group is assembled to work toward advancing Ethereum’s roadmap focused on the core properties that define Ethereum; censorship resistance, open source, privacy, and security. This includes the development of client implementations, testing and specifications, and engaging with the latest core protocol research. With an overarching goal of finding placement for fellows in R&D teams working on core protocol development, EPF…
Application InfrastructureDeveloper toolingEthereumJS maintenanceMaintenance for the EthereumJS TypeScript stack to ensure reliability and compatibility with execution-layer changes. This includes implementing protocol updates, improving tests, and supporting downstream developers.LinkApplication layerResearchProtecting Ethereum User Anonymity via TorEnhances Ethereum light client privacy by integrating Tor. This project designs and implements a Tor-based mitigation scheme, improving user anonymity and network resilience.Application layerEcosystem developmentERC-8004 Developers EngagementFosters ERC-8004 community growth by providing technical assistance and coordinating builder engagement. Supports decentralized AI engineers through direct feedback and Devconnect event curation.Application layerDeveloper toolingBuidlGuidl: AI-Ready Ethereum Education & Infrastructure MaintenanceTransitions flagship Ethereum education and developer tools, including SpeedRunEthereum and Scaffold-ETH…
Corporations, US presidential candidate Mitt Romney reminds us, are people. Whether or not you agree with the conclusions that his partisans draw from that claim, the statement certainly carries a large amount of truth. What is a corporation, after all, but a certain group of people working together under a set of specific rules? When a corporation owns property, what that really means is that there is a legal contract stating that the property can only be used for certain purposes under the control of those people who are currently its board of directors – a designation itself modifiable by…
In the first part of this series, we talked about how the internet allows us to create decentralized corporations, automatons that exist entirely as decentralized networks over the internet, carrying out the computations that keep them “alive” over thousands of servers. As it turns out, these networks can even maintain a Bitcoin balance, and send and receive transactions. These two capacities: the capacity to think, and the capacity to maintain capital, are in theory all that an economic agent needs to survive in the marketplace, provided that its thoughts and capital allow it to create sellable value fast enough to…
In the first two parts of this series, we talked about what the basic workings of a decentralized autonomous corporation might look like, and what kinds of challenges it might need to deal with to be effective. However, there is still one question that we have not answered: what might such corporations be useful for? Bitcoin developer Jeff Garzik once suggested that one application migh be a sort of decentralized Dropbox, where users can upload their files to a resilient peer-to-peer network that would be incentivized to keep those files reliably backed up. But aside from this particular example, what…