Bit Digital’s stock plummeted after announcing a $150 million share sale and a transition from Bitcoin mining to Ethereum staking. Former Bitcoin mining firm Bit Digital fell sharply this week, with its share price tumbling almost 19% over the five-day period to close at $1.99 on Friday, with a 15% drop in just 24 hours. The plunge follows major company announcements, including a $150 million public offering and a strategic pivot to Ether staking. On Thursday, the company announced a public offering of 75 million ordinary shares that is intended to raise $150 million. Bit Digital plans to issue the 75 million ordinary shares at $2 each. The proceeds will be used to purchase Ether (ETH), doubling down on its previous decision to shift to an Ethereum-focused company. Read more
ETH’s two-week chart signals a bearish crossover, resembling a 2022 setup that preceded a 40% decline in the price of Ether. Key takeaways: Ethereum has printed its first two-week death cross since 2022, historically linked to a ~40% price drop. ETH faces downside risks while trading below two key trendlines. Read more
Technical patterns point to a potential 25% rebound in Ether’s price, with whales scooping $263.5 million worth of ETH during the price dip. Key takeaways: An Ethereum whale accumulated $39 million in ETH during a sharp market sell-off triggered by US airstrikes on Iran. Ethereum mega-whales added over 116,000 ETH on June 21, signaling strong buy-the-dip sentiment. Read more
Ethereum staking yields are falling as yield-bearing stablecoins and DeFi protocols offer more competitive returns. Can ETH regain the upper hand in the yield wars? Key takeaways Ethereum’s staking yield dropped under 3%, putting it behind many DeFi and RWA protocols. Yield-bearing stablecoins like sUSDe and SyrupUSDC now offer 4–6.5% returns and are rapidly gaining market share. Read more
Ether price has significantly underperformed in 2025, but institutional demand for Ethereum staking is growing, says Lido Foundation’s Kean Gilbert. Ether has significantly underperformed Bitcoin and other digital assets this market cycle, but growing institutional interest in Ethereum staking is driving demand for custody solutions to support a wider range of investors, according to Kean Gilbert, head of institutional relations at the Lido Ecosystem Foundation. On May 27, Komainu, a regulated digital asset custody provider, began offering custody support for Lido Staked ETH (stETH), which is Ethereum’s largest staking token, accounting for 27% of all staked Ether (ETH). The custody solutions are available for institutional investors in Dubai, United Arab Emirates, and Jersey, the autonomous self-governing territory of the British Islands. Read more
Ethereum's drivers are now different, but the ETH price is consolidating in a multimonth range, echoing its 2017 chart pattern, which resulted in a 1,000% rally. Key takeaways: Ethereum whales accumulated over 818,000 ETH ($2.5 billion) on Sunday, their biggest daily inflow since 2018. ETH price is consolidating inside a multimonth range, mirroring its 2017 breakout pattern. Read more
ETH price rising to around $2,850 drove the whale’s $11 million leveraged long into $366,000 paper profit. Key takeaways: An Ethereum whale opened a $11.15M leveraged long position just as ETH broke out of a bull flag. ETH’s price surged above $2,850, pushing the whale’s trade into a $366K unrealized profit. Read more