Ethereum News

Ethereum News

Markets

Bitmine bought the dip, making its biggest ether purchase in 2026 as prices tanked

The company bought 126,971 ETH last week, worth roughly $214 million at current prices, despite chairman Tom Lee's earlier calls to slow purchases.

Tom Lee, chairman of Bitmine and cofounder of Fundstrat, speaking at Consensus 2026 in Miami (CoinDesk)

Tech

Ethereum Foundation cuts and departures aren't a crisis, Joe Lubin says

The Consensys leader told CoinDesk the Ethereum Foundation's role should be narrower and more focused on stewarding the network's core technology and values.

Joe Lubin, Consensys. (CoinDesk)

Markets

Bitcoin, ether eye worst weekly rout since FTX collapse as cryptos shed $390 billion

A week that began with Strategy's bitcoin sale ended with one of the largest crypto market drawdowns in years.


Finance

A crypto pioneer who turned a $20 million family stake into a billion-dollar fund doubles down on bitcoin

Sourcing initial capital from his mother to build a $1 billion crypto empire, DFG CEO James Wo says market metrics do not support Tom Lee’s $250,000 ether prediction.

James Wo, CEO and founder of DFG. (Olivier Acuna/CoinDesk)

Tech

Not all Ethereum layer 2s are dying, but many general-purpose chains no longer have a reason to exist

In this week's edition of The Protocol Newsletter, we're looking at the state of the Ethereum layer-2 ecosystem.

Abstract blockchain networks illustration with glowing cubes representing digital assets

Finance

Tom Lee's Bitmine borrows a page from Saylor's playbook to offer 9.5% yield in preferred stocks

The largest Ethereum treasury firm is taking a page from Michael Saylor's Strategy to issue preferred shares to tap new sources of funding.

Tom Lee, chairman of Bitmine and cofounder of Fundstrat, speaking at Consensus 2026 in Miami (CoinDesk)

Markets

Bitmine's Ethereum bet nears $9 billion loss as ether falls below $1,800

Shares of Tom Lee's Ethereum treasury firm hit their lowest level since the company's crypto pivot as ETH revisits the February lows.

Tom Lee, chairman of Bitmine and cofounder of Fundstrat, speaking at Consensus 2026 in Miami (CoinDesk)

Markets

Tom Lee predicts ether will hit $250,000 as corporate validators take over network control

The Bitmine chairman said DeFi and AI could push the Ethereum network's value into the multi-trillion range, making current prices “future optionality at a discount”.

Tom Lee (Olivier Acuna\CoinDesk)

Markets

Strategy's bitcoin sale may mark start of ether outperformance, StanChart's Kendrick says

ETH could outperform BTC by 40% from current levels as bitcoin treasuries may sell assets to cover obligations, the bank's digital asset research head said.

Tom Lee and Michael Saylor at Consensus (CoinDesk)

Tech

Movement pivots to stablecoin payments as the layer-2 boom loses momentum

The team behind Movement said it plans to leverage licensed payment partners alongside blockchain settlement rails to target the roughly $685 billion remittance market serving low and middle-income countries.

Moving headlights and taillights form parallel colored trails on a dual carriageway.