The advocacy organization filed a brief opposing prosecutors’ arguments that two brothers presented themselves as “honest validators” to allegedly pull off a $25-million exploit. Cryptocurrency advocacy organization Coin Center has weighed in on the ongoing criminal trial of two brothers who allegedly exploited the Ethereum blockchain using maximal extractable value (MEV) bots. In a Monday amicus curiae brief — a document filed by an entity that is not a party to the case — Coin Center argued against one of the prosecutors’ key case theories involving Anton and James Peraire-Bueno. The two individuals are allegedly responsible for a $25 million MEV exploit in April 2023. According to Coin Center, the US government’s claims of “honest validation” lack merit and should be rejected by the court. Read more
Ethereum’s price risked a deeper correction toward $2,800 as institutional demand through ETH ETFs and treasury companies declined Key takeaways: Ethereum ETFs experienced outflows for three consecutive days, totaling $364 million. Strategic Ether reserves and ETF holdings have dropped by 124,060 ETH since mid-October. Read more
Ethereum price wobbled as weak onchain activity and low futures demand supported a potential ETH price drop to $3,500. Key takeaways: Ether consolidated around $4,000 as the lack of futures demand and weak ETF flows suggest the absence of bullishness. Declining Ethereum network fees and activity suggest lower onchain demand. Read more
Ethereum transaction fees remain at near all-time lows despite peak network activity that saw daily transactions top 1.6 million for the first time since October’s market crash. Despite growing blockchain activity on Ethereum, gas fees on the world’s largest smart contract network remain near historic lows, signaling a more mature and scalable infrastructure ready for advanced real-world use cases. Ethereum transaction fees remained at a historic low of just 0.16 gwei, or about $0.01 per transaction. Gas fees were slightly higher for token swaps at $0.15 and at $0.27 for non-fungible token (NFT) sales, according to blockchain data aggregator Milkroad. The low costs stand in sharp contrast to previous periods of high network activity, when demand often sent fees soaring, which was one of Ethereum’s biggest criticisms in past cycles. Read more
The expanded integration lets Coinbase Prime clients stake Solana, Avalanche and other proof-of-stake assets directly from custody. Institutional staking provider Figment has expanded its integration with Coinbase, allowing the exchange’s institutional clients to stake a broader range of proof-of-stake (PoS) assets directly from Coinbase Custody — a move that could drive adoption beyond Ethereum. Through the integration, Coinbase Prime customers can now use Figment’s staking infrastructure to access additional PoS networks, including Solana (SOL), Sui (SUI), Aptos (APT), Avalanche (AVAX) and others, the companies announced Tuesday. The partnership, which began in 2023, has already facilitated more than $2 billion in staked assets through Coinbase Prime. Read more
Ether's mega whales are quietly buying the dips, absorbing supply from smaller holders during the price drop. Key takeaways: Ethereum’s triple bottom pattern near $3,750–$3,800 hints at a potential 10% rebound in October. Mega whales (10,000–100,000 ETH) are quietly accumulating, absorbing supply from smaller holders during the recent price decline. Read more
Ethereum mainnet transfers can reach block times in just 200 milliseconds, according to Ethereum infrastructure platform Primev when using its “FAST RPC” solution. Ethereum transactions can now be preconfirmed in just a fraction of a second with new tech from an Ethereum infrastructure platform. Primev says its FAST RPC (Remote Procedure Call) allows transactions to be preconfirmed and set for inclusion in blocks in under 200ms — enabling everything from Ether (ETH) transfers and interacting with smart contracts to minting non-fungible tokens (NFTs) at “blazing speed.” Preconfirmation is an early signal from a block builder indicating a transaction will likely be included in the next block, while block inclusion refers to a transaction being added into a block. Read more