Ethereum News
Why the Ethereum Foundation is suddenly again at the center of crypto’s culture war
In this week's edition of The Protocol Newsletter, we're diving deep into the institution that has been the main steward for the Ethereum blockchain, and why its been back in the spotlight.
A blockchain lottery plans to turn crypto gambling fees into Ethereum developer funding
Decentralized lottery protocol Megapot is teaming up with Protocol Guild in what the firms describe as the crypto industry’s first programmable charity lottery.
Bit Digital bought $20 million ETH for first time since October before 15% plunge
The firm said it purchased 8,568 ether on May 11 at an average price of $2,334. Since then, ETH broke below $2,000, leaving the firm sitting at a $3 million unrealized loss.
Standard Chartered backs $4,000 ether as retail piles into the sub-$2,000 drop
The bank says onchain metrics will pull the price back up, just as Amazon's stock price recovered after 2001. A retail dip-buying frenzy and a record futures short build say the bottom isn't in yet.
Diverging trends: Ether slides below $2,000 while futures open interest hits record high of 16 million ETH
Ether drops below $2,000 amid heavy selling pressure, yet futures open interest hits a record high. This divergences suggests aggressive shorting.
Joe Lubin-backed Ethereum treasury firm SharpLink to join the Russel indexes
The inclusion could attract fresh passive inflows from index-tracking funds, while the firm's stock tanked 95% from its peak over the past year.
Coinbase’s Base launches AI tool for ChatGPT to manage crypto wallets and DeFi apps
The product, called Base MCP, connects a user’s Base Account to AI clients such as ChatGPT, Claude and Cursor using the Model Context Protocol (MCP), an emerging standard that allows AI systems to securely interface with external tools and applications.
Bitmine made its largest ETH purchase this year despite Tom Lee's slowdown suggestion
The company bought 111,942 ether last week worth $237 million, ramping up purchases to take advantage of ETH's drop below $2,200.
Buterin says Ethereum Foundation will shrink, sell less ETH, and focus on 'CROPS'
Buterin's influence in the EF will decrease as the board expands. He framed the EF as "one node, with a defined purpose," not the center of Ethereum.
HYPE funds attract millions as investors dump bitcoin and ether ETFs
Investors turn to HYPE and XRP funds while dumping bitcoin and ether ETFs.
