News linked to both this project and an event.
Odaily Bitmine, the Ethereum reserve company founded by Tom Lee, has staked approximately $320 million worth of ETH in the past 24 hours, bringing the proportion of staked assets in its overall holdings to over 70% for generating yield.On-chain data shows that approximately 75,600 ETH were transferred to Coinbase Prime for staking early Thursday morning, following the allocation of around 61,200 ETH on Wednesday. This marks the first large-scale operation in nearly three weeks.Blockchain analytics platform Lookonchain indicates that Bitmine has now staked a total of approximately 3.5 million ETH, valued at around $8.1 billion, accounting for about 70.1% of its total holdings. Separately, reports suggest that three new wallets, potentially linked to the company, received roughly 100,000 ETH (about $234 million) before Thursday. If confirmed, Bitmine's total holdings would rise to approximately 5.08 million ETH.In comparison, the industry's second-largest holder, SharpLink, currently holds only about 869,000 ETH, meaning Bitmine's scale leads by over 580%. The company now controls more than 4.1% of the total Ethereum supply, edging closer to its 5% target.
Odaily Odaily News: Greeks.live macro researcher Adam posted on X platform, disclosing the options delivery data for April 24th:1. 109,000 BTC options expired, with a Put Call Ratio of 0.93, a max pain point of $72,000, and a notional value of $8.55 billion.2. 563,000 ETH options expired, with a Put Call Ratio of 0.72, a max pain point of $2,200, and a notional value of $1.32 billion.The market continued to rebound this week, with Bitcoin breaking above $78,000. The Hong Kong Web3 conference was also filled with an upbeat atmosphere, and the altcoin market is recovering as well. This is a monthly expiry, with 25% of options set to expire. In terms of holding periods, the distribution of open interest in the options market shows 12% for the end of May and 24% for the end of June.Looking at the main options data, Bitcoin's key tenor IV continued to decline this month, with most tenor IVs falling by 1% to 2% to below 40%. ETH's main tenor IV dropped even more, currently around 60%. Despite the price increase, Skew has declined, and there is no FOMO sentiment in the market.In the second quarter of this year, Bitcoin's performance in both price and market sentiment was significantly better than in the first quarter. This month's sustained rebound is a sign of capital inflow. If macro pressure bottoms out by mid-year, Bitcoin's bottom will also be confirmed.
Bitcoin is once again approaching the $80,000 mark. Market analysis suggests that this level has become a key resistance point to test the strength of the current rebound. On the capital front, continued institutional inflows are providing support. Data shows that Bitcoin spot ETFs have recorded net inflows for six consecutive days, while Ethereum spot ETFs have also seen inflows for nine straight days, indicating a recovery in risk appetite. Meanwhile, whale addresses holding over 1,000 BTC have cumulatively added approximately 270,000 BTC over the past 30 days, marking the largest monthly increase since 2013, and exchange reserves have fallen to their lowest point in seven years.In terms of on-chain data, Glassnode points out that Bitcoin has reclaimed the "Realized Price" (approximately $78,100). However, the cost basis for short-term holders sits around $80,100, forming a direct pressure zone. Should the price reach this range, over 54% of short-term investors would be in profit, a scenario historically associated with the peak of a rebound phase. At the same time, the perpetual contract funding rate remains negative, indicating a significant short position. Given the ongoing improvement in spot demand, this could provide short-squeeze momentum for a subsequent upward move.In summary, while the capital structure and market resilience have improved, the $80,000 level remains a key watershed. The market has yet to confirm whether it can transition from a resistance level to a support level. (The Block)
According to Lookonchain monitoring, today U.S. Bitcoin ETFs recorded a net inflow of 4,349 BTC, Ethereum ETFs saw a net inflow of 35,736 ETH, and Solana ETFs had a net inflow of 1,311 SOL.
Lido has released an update regarding the Kelp security incident, stating that its Earn-series vaults are working with the management team to address the issue, focusing on two key risk areas: rsETH exposure and tightening liquidity in lending markets. Lido emphasizes that its core staking protocol remains unaffected, and both stETH and wstETH remain secure and stable. Currently, only the EarnETH vault holds approximately 9% of its TVL in rsETH exposure; related deposits and withdrawals have been suspended by the management team pending resolution. Of the ~$70 million in ETH stolen in the earlier attack, roughly $70 million has already been recovered; asset recovery and loss allocation efforts are ongoing. To mitigate liquidity pressure, the management team has reduced leverage and optimized position structures, significantly decreasing wETH debt exposure. Should losses ultimately materialize, EarnETH will activate its $3 million “first-loss protection mechanism,” funded by the DAO. Other vaults remain unaffected: DVV and EarnUSD are operating normally. The GGV sub-vault is currently experiencing negative yields due to a combination of recursive staking strategies and rising borrowing rates, but active adjustments are underway. Users’ previously submitted withdrawal requests will be processed at pre-incident valuations.
According to Arkham’s monitoring data, approximately 40 minutes ago, Grayscale transferred a total of 3,817 ETH and 210.006 BTC to a Coinbase Prime address, valued at approximately $25.02 million.
according to Onchain Lens monitoring, a whale has opened 20x leveraged long positions on ETH and BTC. The position currently holds 17,257 ETH and 516.42 BTC, with a position value of approximately $40 million.
According to on-chain analyst Yujin (@EmberCN), after Bitmine acquired 100,000 ETH at noon today, it deposited an additional 75,600 ETH into Ethereum’s Proof-of-Stake (PoS) system for staking—valued at approximately $176 million. Bitmine’s total staked ETH currently stands at roughly 3.471 million ETH, representing about 70% of its total ETH holdings of 4.976 million ETH.
According to on-chain analyst Onchain Lens (@OnchainLens), a whale address that had been inactive for 1.6 years has purchased 3,000 ETH at a price of $2,333 per ETH, totaling approximately $7 million. The wallet currently still holds 3 million USDC and may continue accumulating ETH.
According to on-chain analyst Onchain Lens (@OnchainLens), the whale address 0xa87 has opened a 20x leveraged long position of 7,000 ETH, with a position value of approximately $16.34 million. Previously, this whale went long on BTC and realized a profit of $1.9 million.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), the address 0x65B…5Ce93 has purchased a total of 7,447.7 ETH on-chain over the past six hours, spending approximately $17.52 million, with an average cost of about $2,353 per ETH. The position currently shows an unrealized profit of approximately $24,000.
According to on-chain analytics platform Lookonchain (@lookonchain), a whale address 0x65B4 sold 10,829 ETH (approximately $24.91 million) at $2,300 per ETH three days ago, and then repurchased 7,448 ETH (approximately $17.5 million) at $2,350 per ETH one hour ago.
According to on-chain analyst Onchain Lens (@OnchainLens), three newly created wallets withdrew 100,000 ETH—worth approximately $234 million—from BitGo, potentially linked to Bitmine.
According to data from Trader T (@thepfund), yesterday’s Ethereum spot ETFs recorded net inflows of $96.43 million. Among them, BlackRock’s ETHA saw net inflows of $53.59 million, and Fidelity’s FETH saw net inflows of $40.62 million—combined accounting for approximately 98% of the day’s total inflows. Grayscale’s mini-ETH (ETH) recorded net inflows of $11.37 million, while Grayscale’s ETHE experienced net outflows of $9.15 million. All other funds reported zero net inflows.
According to the Aave Governance Forum, Gordon Liao, a Circle team member, has submitted an ARFC proposal recommending a two-step adjustment to the USDC interest rate model parameters on Aave v3 Ethereum Core to address the current liquidity shortage in the USDC pool. Current context: Following the rsETH incident on April 18, the USDC pool utilization has remained persistently near 100%, with available liquidity falling below $3 million. The borrowing rate has been stuck at the 14% cap for an extended period, and the pool’s total supply has contracted by approximately $60 million over the past 24 hours. As a result, the market is unable to clear via price mechanisms. The proposal’s core measures are as follows: Step 1 (to be executed immediately by Risk Administrators): Increase Slope 2 from 10% to 40%, decrease the optimal utilization rate from 92% to 87%, and temporarily suspend the Slope 2 risk oracle for USDC. Step 2 (to be completed within 5–7 days via governance vote): Further increase Slope 2 to 50% and reduce the optimal utilization rate to 85%. The proposal argues that many current borrowers are insensitive to interest rates and primarily borrow to bypass withdrawal queues and exit positions. Active leverage, meanwhile, is key to attracting new suppliers. Raising the maximum supply rate to the 40%–50% range is expected to draw in USDC liquidity within hours, driving utilization below the kink point and restoring the market’s normal clearing functionality.
According to on-chain analyst Yujin (@EmberCN), the KelpDAO hacker, over a period of approximately one and a half days, has converted nearly all 75,700 ETH (valued at roughly $175 million) on Ethereum into BTC—primarily via the cross-chain protocol THORChain. This money-laundering activity generated approximately $800 million in trading volume and $910,000 in platform fees for THORChain.
According to on-chain analytics platform Lookonchain (@lookonchain), a newly created wallet, 0xf860, withdrew 18,000 ETH—worth approximately $43.22 million—from Binance one hour ago and subsequently transferred the funds to BitGo.
Odaily According to on-chain analyst Ai Yi's monitoring, a DeFi whale (0x8ad...b818) withdrew 19,300 ETH from an exchange on April 21 at an average price of $2,304, valued at approximately $44.47 million. Of these, 14,062.14 ETH have been requested for redemption. Two hours ago, the whale deposited 6,300 ETH, which had not been staked into ether.fi, into Binance. If sold, this would yield a profit of about $570,000. The portion of the position opened by this address yesterday currently has a floating profit of $1.453 million.
According to on-chain analyst PeckShield (@PeckShieldAlert), the KelpDAO attacker has transferred ETH from Ethereum to Arbitrum via the Across Protocol, swapped it for USDT, and then routed the funds to TRON DAO via LayerZero.
According to on-chain analytics platform Lookonchain (@lookonchain), a whale with the wallet address starting with 0xD91D created a new wallet (address starting with 0xEb2a) and deposited 9,500 wstETH into Spark. Subsequently, this address borrowed 9,500 ETH (valued at approximately $22.68 million) and sent it to Binance for sale. Later, the whale withdrew USDE from Binance to repay the loan on Aave.