Ethereum
ETHThe first blockchain with smart contract functionality
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Project Overview
Ethereum is the first decentralized, open-source blockchain with smart contract functionality. It was initially described in a white paper by Vitalik Buterin in late 2013 and launched in 2015. This network serves as the foundation for an ecosystem of interoperable, decentralized applications (dApps) powered by token economies and automated smart contracts. Assets and applications designed on Ethereum are built with self-executing smart contracts that eliminate the need for a central authority or intermediary. u2028The network is powered by its native cryptocurrency ether (ETH), which is used to pay transaction fees. Ethereum has the characteristics of being open-source, programmable, private, and censorship-resistant, forming the backbone of a decentralized internet.
Thailand SEC to Allow Bitcoin and Ethereum ETFs to Trade on the Stock Exchange of Thailand
Odaily report: The Securities and Exchange Commission (SEC) of Thailand has completed the drafting of relevant rules to allow cryptocurrency exchange-traded funds (ETFs) to be listed and traded on the Stock Exchange of Thailand, initially limited to Bitcoin and Ethereum. The rules will take effect on October 16, 2026.Initially, products such as depositary receipts linked to overseas cryptocurrency ETFs will not be permitted, and Thai brokerages will still not be allowed to assist retail investors in investing in overseas cryptocurrency ETFs. Institutional investors and ultra-high-net-worth individuals are not subject to this restriction. Mutual funds and private funds may invest in cryptocurrency ETFs established in Thailand.The relevant ETFs must adopt a passive investment approach, tracking the prices of the underlying crypto assets, and must maintain an average net exposure to any single cryptocurrency of at least 80% of net asset value during each fiscal year. Brokerages may not provide margin financing, and fund assets must be custodied by digital asset custodians regulated by the SEC. (Cointelegraph)
Arthur Hayes: Money Printing Could Drive Cryptocurrency Prices Higher
Arthur Hayes stated that U.S. policymakers may support the AI industry and government debt financing through money printing, driving cryptocurrency prices higher; if China shifts from limited tightening to large-scale monetary stimulus, it could also boost demand for scarce assets. He is also monitoring financial stress in France, including BNP Paribas-related credit default swaps and French government bond spreads.Catrina Wang, General Partner at Portal Ventures, said that banks and asset management companies have advantages in on-chain financial markets thanks to their existing client relationships. Todd McDonald, co-founder of R3, pointed out that public blockchains can help institutions reach clients beyond their own networks; Justin Kugel, Executive Vice President of Growth at World Liberty Financial, said that user demand for asset management and investment evaluation still leaves room for intermediaries.Chetan Karkhanis, Senior Vice President of Digital Asset Client Relationships at Franklin Templeton, said the company has no intention of issuing its own stablecoin and hopes tokenized money market funds will provide investment returns. Haonan Li, co-founder and CEO of Codex, said that trade routes connecting Latin America, sub-Saharan Africa, and Asia are driving demand for stablecoin payments; buyers pay eastward for goods, while manufactured products flow westward.Ilya Podoynitsyn, co-founder and CEO of FinHarbor, said that before allocating to crypto assets, companies need to confirm they have long-term idle funds that will not affect daily operations. Michael Camarda, Chief Development Officer of Ethereum treasury company SharpLink, said that both buying back shares and increasing ETH holdings can raise ETH per share; the company has adopted both methods to meet the preferences of institutional and retail investors. (Cointelegraph)
ARK Invest and Securitize to Tokenize Venture Fund With Exposure to OpenAI, Anthropic, and More
Odaily News: Asset management firm ARK Invest will partner with Securitize (SECZ) to tokenize the ARK Venture Fund (ARKVX) on Ethereum. The fund provides qualified investors with investment exposure to private and public companies such as OpenAI, Anthropic, Stripe, and Databricks.This collaboration continues the existing relationship between the two parties, as ARK Invest made a strategic investment in Securitize last year. (CoinDesk)
Gate Ventures: Oil Breaks $100 as Inflation Exceeds Expectations, Risk Assets Under Broad Pressure
Odaily News: According to Gate Ventures' latest weekly report, last week's escalation of geopolitical conflicts in the Middle East combined with U.S. core inflation exceeding expectations significantly heightened global market volatility. Brent crude and WTI crude surged 8.33% and 9.36% respectively, returning above $100 per barrel; U.S. August core CPI rose 0.29% month-over-month, higher than expected, pushing the 10-year Treasury yield to 4.97%, with market-implied probability of a September rate hike rising to approximately 86%; spot gold fell 1.82% to $4,349.42 per ounce. U.S. stock indices — the S&P 500, Nasdaq, and Dow Jones — declined 0.80%, 0.66%, and 1.57% respectively; the crypto market weakened in tandem, with BTC and ETH dropping 4.4% and 1.5% respectively. Spot BTC ETFs saw net outflows of $462.7 million, while ETH ETFs recorded net inflows of $197.1 million. The fear index dropped from 71 to 57, indicating a cooling of market sentiment.On the industry front, India launched a $107 million tokenized corporate bond pilot program, further advancing institutional-grade RWA tokenization; Gemini obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, further expanding its regulatory footprint in the Asia-Pacific region; and the Philippine central bank plans to suspend new payment system operator registrations for 12 months, tightening oversight of VASP-related payment activities.On the funding side, a total of 9 financing deals were completed last week, with disclosed total funding reaching $158.4 million, down 88% quarter-over-quarter. Overall, energy prices and inflation expectations remain the core variables driving short-term market trends, while interest in tokenized assets and institutional-grade crypto infrastructure development remains undiminished.
Perpetual contract platform RWAperp completes $2 million in financing
perpetual contract platform RWAperp has announced the completion of $2 million in financing, with a post-investment valuation of $50 million. Participants in the round include Lime co-founder Brad Bao, Cresta AI co-founder Tim Shi, Tesla Autopilot team member Phil Duan, Crux members William Freiberg and Charles Ferguson, as well as members of the a16z and Sequoia Scout networks.RWAperp is a decentralized perpetual contract protocol for traditional financial assets. It is currently live on OKX X Layer and has opened 19 markets, covering BTC, ETH, SOL, Korean and U.S. stocks, the S&P 500 Index, the DRAM Index, gold, silver, and WTI crude oil. Users can settle in USDC, USDT, or USDG and gain leveraged long and short exposure to stocks, indices, commodities, and crypto assets without needing to hold, custody, or tokenize the underlying assets.RWAperp primarily designs its trading, pricing, liquidity, and risk management systems around the trading characteristics of the stock market, and handles situations such as market closure periods, overnight gaps, trading halts, and corporate actions. The platform uses a multi-issuer composite oracle and provides a professional order book trading terminal.RWAperp is also developing Agent Mode. This AI feature is designed to understand natural language trading instructions, analyze market conditions, and gradually support trading execution operations such as opening positions, position management, and closing positions. (The Block)
Polaris completes $1 million angel round, with participation from the Ethereum Foundation and 30+ founders and contributors
Polaris has announced the completion of a $1 million angel round, with participation from institutions including the Ethereum Foundation, Fusion (under IPOR), Altitude, Liquity, LI.FI, as well as more than 30 founders and contributors such as Daily Gwei founder Anthony Sassano. The project is a permissionless on-chain yield protocol whose core product is the interest-bearing reserve asset pETH, alongside USDp and GOLDp, designed to provide native yield for any on-chain asset.
Suspected Ledger Hacker Transfers 430.2 ETH to Tornado Cash
According to Onchain Lens monitoring, the suspected hacker behind the reported $90 million Ledger reseller incident has deposited 430.2 ETH, worth $1.07 million, into Tornado Cash through 4 wallets. After Tether froze the related funds, the hacker swapped USDT for USDD through SUN.io and USDD's PSM, with some funds also flowing into Binance hot wallets.The hacker's wallet tracked by Arkham currently holds a total of $70.6 million in assets, including 11,406 ETH worth $28.35 million; 213.371 BTC worth $17.65 million; 13.646 million USDD worth $13.65 million; and 10.909 million USDT worth $10.91 million. Onchain Lens is calling on Binance to investigate these transfers and freeze accounts associated with the stolen funds as soon as possible.
Ledger Support: Investigating theft of assets from Southeast Asian users
Ledger Support posted on X platform stating that it is currently investigating a theft of assets involving Southeast Asian users, who had purchased devices through reseller CryptoBilis. Ledger has asked CryptoBilis to suspend sales and shipments, and recommends that users who purchased devices through this reseller within the past 90 days refrain from initializing their devices; users who have already completed setup should create a new Ledger signing device using a new mnemonic phrase and transfer their assets to a new wallet.On-chain investigator Specter previously estimated that this incident has led to the theft of hundreds of wallets across Bitcoin, Ethereum, and Tron networks, with losses exceeding $86 million. Security researcher tanuki42 previously estimated losses had exceeded $72 million and stated that the amount is still increasing. Currently, the specific cause of the incident and whether the affected devices have security vulnerabilities remain to be investigated and confirmed.
Thailand SEC publishes Bitcoin and Ethereum ETF rules, effective October 16
According to The Block, Thailand's Securities and Exchange Commission (SEC) has issued regulatory framework rules for cryptocurrency exchange-traded funds (ETFs), which are set to officially take effect on October 16. In the initial phase, the underlying assets of the relevant funds will be limited to Bitcoin (BTC) and Ethereum (ETH).
Darknet marketplace Empire Market co-founders sentenced to 40 years in prison, over $100 million in BTC confiscated
According to CoinDesk, Raheim Hamilton, co-founder of the dark web marketplace Empire Market, was sentenced to 40 years in federal prison and fined $5 million for operating the platform. According to information disclosed by the U.S. Attorney’s Office for the Northern District of Illinois, Hamilton agreed to forfeit 1,230 BTC (approximately $101 million), 24.4 ETH (approximately $60,000), and three properties.
Thailand SEC to Allow Bitcoin and Ethereum ETFs to Trade on the Stock Exchange of Thailand
Odaily report: The Securities and Exchange Commission (SEC) of Thailand has completed the drafting of relevant rules to allow cryptocurrency exchange-traded funds (ETFs) to be listed and traded on the Stock Exchange of Thailand, initially limited to Bitcoin and Ethereum. The rules will take effect on October 16, 2026.Initially, products such as depositary receipts linked to overseas cryptocurrency ETFs will not be permitted, and Thai brokerages will still not be allowed to assist retail investors in investing in overseas cryptocurrency ETFs. Institutional investors and ultra-high-net-worth individuals are not subject to this restriction. Mutual funds and private funds may invest in cryptocurrency ETFs established in Thailand.The relevant ETFs must adopt a passive investment approach, tracking the prices of the underlying crypto assets, and must maintain an average net exposure to any single cryptocurrency of at least 80% of net asset value during each fiscal year. Brokerages may not provide margin financing, and fund assets must be custodied by digital asset custodians regulated by the SEC. (Cointelegraph)
The Ethereum Glamsterdam upgrade is running on the Sepolia testnet, with the Gas limit raised to nearly 200 million.
According to CoinDesk, the Ethereum Glamsterdam upgrade was activated on the Sepolia testnet this Tuesday, raising the block Gas limit from approximately 60 million to nearly 200 million, an increase of over threefold. A review of more than 25 consecutive test blocks showed that actual Gas usage ranged from approximately 52 million to 92 million, accounting for only 26% to 46% of the available limit, with no blocks reaching full capacity. The upgrade also adjusted the Gas consumption model for specific tasks and storage data fees, requiring developers to retest applications that rely on specific Gas cost assumptions. The next public testnet, Hoodi, is tentatively scheduled to launch on October 27, while the Ethereum mainnet activation date remains to be determined.
Analyst: ETH Short-Term Target of $2,640, Chart Forms "Adam and Eve Bottom" Pattern
Odaily reports: Crypto analyst Ali has posted that Ethereum's 10-minute chart appears to be forming an "Adam and Eve Bottom" pattern. The key resistance level currently in focus is the neckline near $2,520. If ETH can consistently close above this level, it could confirm a bullish breakout and further open up upside potential, with the target area of interest at $2,640.
Trader Rune: PaperTrade Documentation Mentions Protocol-Level BBO Price Manipulation "Vulnerability" Risk
Odaily reports: Crypto trader Rune stated on X platform that PaperTrade's official documentation has actually disclosed a "vulnerability" risk in the protocol-level pricing mechanism. According to the document screenshots he shared, attackers can exploit the BBO (Best Bid and Offer) of the Hyperliquid order book for price manipulation. This risk involves unresolved price manipulation paths, contract economic mechanisms and risk exposure controls, as well as operational-level protective measures and permission management mechanisms.Additionally, Rune retweeted a post by community user boblob, which revealed that two wallets were suspected of actively exploiting and "attacking" the PaperTrade platform, conducting trades worth approximately $20 million that briefly caused ETH price fluctuations of about 10-20 basis points on the Hyperliquid platform. boblob further added that the obvious issues currently present in the PaperTrade protocol need to be fixed as soon as possible, otherwise they may affect the protocol's long-term sustainability.
POAP founder holding $129 million in ETH reduced holdings by 8,000 ETH over 6 days, transferred another 4,000 ETH to Gemini 6 hours ago
Odaily News — According to on-chain analyst Ember Monitoring, POAP founder @worthalter transferred another 4,000 ETH, worth $10.02 million, to the exchange Gemini 6 hours ago. Over 6 days, he reduced his holdings by 8,000 ETH at an average price of $2,601. He currently still holds 51,468 ETH, worth $129 million.
Tom Lee: Ethereum Could Break $5,000 by Year-End, This Cycle Could Reach $50,000
Tom Lee, Chairman of Ethereum treasury company Bitmine, said in an interview that Ethereum could rise to $25,000 to $50,000 in this cycle. He believes that ETH has been trading in a similar range for the past five years, and sustained bottoming may lay the foundation for a larger breakout ahead.Tom Lee also expects ETH to exceed $5,000 by the end of the year, noting that if Bitcoin rises above $100,000, ETH could reach around $7,500. However, market prediction data shows that traders currently see only a 4% probability of ETH reaching $5,000 by the end of 2026.
Opened a $14.89 million ETH position: A whale withdrew 5,965 ETH from Binance in 20 minutes
According to on-chain analyst Ai Yi, two addresses belonging to the same whale have established an ETH position worth $14.89 million. Over the past 20 minutes, the two addresses cumulatively withdrew 5,965 ETH from Binance at an average withdrawal price of $2,496.95. The source funding address also transferred similar amounts of USDC to several other new addresses, suggesting continued batch buying.
A whale spent over $1 million to buy ETH a week ago, and withdrew over 440,000 WLD from a CEX 4 hours ago
According to Odaily, Arkham monitoring shows that about 4 hours ago, a whale withdrew 440,249 WLD, worth nearly $250,000, from Bybit through a newly created wallet under its name. The address had previously purchased ETH through multiple transactions a week ago, with a total investment of over $1 million.
Trader Rune: PaperTrade Documentation Mentions Protocol-Level BBO Price Manipulation "Vulnerability" Risk
Odaily reports: Crypto trader Rune stated on X platform that PaperTrade's official documentation has actually disclosed a "vulnerability" risk in the protocol-level pricing mechanism. According to the document screenshots he shared, attackers can exploit the BBO (Best Bid and Offer) of the Hyperliquid order book for price manipulation. This risk involves unresolved price manipulation paths, contract economic mechanisms and risk exposure controls, as well as operational-level protective measures and permission management mechanisms.Additionally, Rune retweeted a post by community user boblob, which revealed that two wallets were suspected of actively exploiting and "attacking" the PaperTrade platform, conducting trades worth approximately $20 million that briefly caused ETH price fluctuations of about 10-20 basis points on the Hyperliquid platform. boblob further added that the obvious issues currently present in the PaperTrade protocol need to be fixed as soon as possible, otherwise they may affect the protocol's long-term sustainability.
59 ETH Stolen: An Old Wallet Was Secure for 8 Years, Then After Over 4 Years of Dormancy Transferred to a New Wallet, and One Month Later Was Drained by CryptoBillis Ledger Drainer
according to Lookonchain monitoring, an old wallet address had been operating securely for 8 years. After more than 4 years of dormancy, the address transferred funds to a new wallet one month ago, and subsequently CryptoBillis Ledger Drainer stole all 59 ETH from that wallet, worth $146,800.
Triple-A 攻击者将 4970 枚 ETH 转入 Tornado Cash，价值约 1240 万美元
据 Salus 监测，加密支付服务商 Triple-A 的攻击者已将 4,970 枚 ETH（价值约 1,240 万美元）转入混合清算工具 Tornado Cash。今年 7 月，该攻击者盗取了 Triple-A 自身财库的资产，公开估计损失约为 1,180 万美元。在将资金跨链桥接至以太坊网络并完成代币兑换后，攻击者于 9 月 6 日将资金分散至两个中间地址。10 月 9 日，攻击者通过单一钱包整合两笔资金流，并分批充值至 Tornado Cash，其中包括 49 笔 100 ETH 和 7 笔 10 ETH 的交易，其中部分资金来源于此前从混币器提取的款项。
A mysterious address opened a 40x leveraged short position on approximately $25.38 million worth of BTC, with unrealized profit of about $160,000 and a liquidation price of $84,088
according to on-chain analyst Yu Jin's monitoring, an address received 263 ETH from Tornado Cash yesterday, then swapped it for approximately 643,000 USDC and deposited it into Hyperliquid.The address opened a 40x leveraged cross-margin short position on 305.5 BTC, with a position size of approximately $25.38 million, an average entry price of $83,068, and a liquidation price of $84,088. The current unrealized profit is about $160,000. The source of the address's funds involves Tornado Cash, but it cannot yet be confirmed whether it is related to hacker activity.
Hacker targeting resale Ledger devices transfers over $270,000 to Binance and deposits 430.2 ETH into Tornado Cash for mixing.
According to on-chain analyst Onchain Lens (@OnchainLens), the hacker associated with the $90 million Ledger reseller incident has cumulatively deposited approximately $270,300 into Binance, including 256.57K USDT and 41.12K TRX (about $13,700), with the majority of funds already transferred to Binance's hot wallet. Previously, the hacker also used four wallets to deposit 430.2 ETH (approximately $1.07 million) into Tornado Cash for mixing, and converted USDT to USDD to evade Tether's fund freeze.
About $72.9 million is still in attacker-controlled addresses, Ledger CryptoBillis stolen funds distribution disclosed
According to monitoring by Galaxy's head of research, in the Ledger CryptoBillis attack incident, approximately $72.9 million remains in addresses controlled by the attacker, involving Bitcoin, Ethereum, and USDT; $3.1 million entered Tornado Cash, while the remaining funds have been bridged across chains, swapped, or layered and transferred through relayers.
Less than 10 minutes after launch, Papertrade's notional trading volume reached $14.4 billion
Odaily News: Less than 10 minutes after Papertrade went live, its notional trading volume has reached $14.4 billion, with Bitcoin and Ethereum contract open interest at $3 billion and $2.66 billion, respectively. According to the project's mechanism, for every $1 lost by platform users, the protocol will mint a certain amount of PAPER along a curve; when the LP balance is below $2 million, every $1 lost corresponds to 100 PAPER minted, and once the LP balance exceeds $2 million, the minting rate will decrease as the balance increases.
Unichain to Migrate to OP Enterprise, Testnet Migration Set for October 13
Unichain announced on X that it will migrate to OP Enterprise to prepare for native cross-chain interoperability on OP Stack. Once interoperability goes live, users will be able to transfer assets between OP Stack chains without using a bridge, with ETH being the first supported asset. The testnet will migrate on October 13, and the mainnet migration is planned for late October.
Starknet Considers Transitioning to an Independent L1, Aims to Become the First Fully Quantum-Resistant Network by 2027, STRK Up About 20% in 24 Hours
Odaily News: Starknet, the Ethereum scaling network built by StarkWare, has stated that it is actively considering transitioning into an independent Layer 1 (L1) network and has set 2027 as its target for becoming the first fully quantum-resistant network. STRK was trading at approximately $0.073 on Friday, up about 20% in 24 hours and more than double its price of around $0.03 in April.StarkWare CEO Eli Ben-Sasson said that after becoming an L1, Starknet would be able to control security upgrades on its own without waiting for Ethereum to advance related work. As a Layer 2 (L2) network, Starknet currently relies on Ethereum for security; after transitioning to an L1, it will validate and secure transactions itself.Eli Ben-Sasson pointed out that quantum computers may in the future break the elliptic curve cryptography used by Bitcoin and Ethereum, and that AI's development in mathematics also poses another risk. Ethereum's roadmap is expected to complete core quantum-resistant infrastructure around 2029, while Starknet plans to move that up to 2027; currently, no quantum computer is capable of breaking these systems. (Decrypt)
No soft fork required: StarkWare verifies quantum-safe locking scheme on Bitcoin mainnet, but it is not yet suitable for large-scale use
Starknet has published an introduction to its Quantum-Safe Bitcoin (QSB) scheme, stating that StarkWare researchers have verified a quantum-safe locking mechanism on the Bitcoin mainnet that requires no soft fork, no new opcodes, and no changes to consensus rules. The first QSB output was spent on August 26, 2026, in Bitcoin mainnet block 964,199, with the associated GPU computation cost reduced from approximately $320 to about $50. QSB builds its locking mechanism through hash computation, but each transaction still requires substantial computation, and moving assets into the scheme still requires a traditional transaction that carries quantum risk. The transaction does not comply with Bitcoin Core's default relay rules, and there is currently no accompanying wallet, address format, or recovery process. StarkWare stated that QSB is an emergency research solution, and that the long-term solution still requires the introduction of post-quantum signature mechanisms via a soft fork. Starknet's full quantum resistance also depends on the progress of Ethereum's underlying upgrades.
Thailand SEC publishes Bitcoin and Ethereum ETF rules, effective October 16
According to The Block, Thailand's Securities and Exchange Commission (SEC) has issued regulatory framework rules for cryptocurrency exchange-traded funds (ETFs), which are set to officially take effect on October 16. In the initial phase, the underlying assets of the relevant funds will be limited to Bitcoin (BTC) and Ethereum (ETH).
Ethereum proposes the EIP-8440 execution chain proof proposal, supporting constant-time chain synchronization.
Ethereum contributor Francesco Risitano (@frisitano) submitted the EIP-8440 (Execution Chain Proof) draft proposal on October 9. The proposal leverages a recursive zero-knowledge proof mechanism to prove the validity of all execution payloads from the tip beacon block back to the genesis beacon block, binding them to the beacon chain. Nodes can establish complete execution validity from a weak subjectivity checkpoint to the latest block header using a single proof, enabling constant-time chain synchronization.
Related news
Analyst: ETH Short-Term Target of $2,640, Chart Forms "Adam and Eve Bottom" Pattern
Odaily reports: Crypto analyst Ali has posted that Ethereum's 10-minute chart appears to be forming an "Adam and Eve Bottom" pattern. The key resistance level currently in focus is the neckline near $2,520. If ETH can consistently close above this level, it could confirm a bullish breakout and further open up upside potential, with the target area of interest at $2,640.
Trader Rune: PaperTrade Documentation Mentions Protocol-Level BBO Price Manipulation "Vulnerability" Risk
Odaily reports: Crypto trader Rune stated on X platform that PaperTrade's official documentation has actually disclosed a "vulnerability" risk in the protocol-level pricing mechanism. According to the document screenshots he shared, attackers can exploit the BBO (Best Bid and Offer) of the Hyperliquid order book for price manipulation. This risk involves unresolved price manipulation paths, contract economic mechanisms and risk exposure controls, as well as operational-level protective measures and permission management mechanisms.Additionally, Rune retweeted a post by community user boblob, which revealed that two wallets were suspected of actively exploiting and "attacking" the PaperTrade platform, conducting trades worth approximately $20 million that briefly caused ETH price fluctuations of about 10-20 basis points on the Hyperliquid platform. boblob further added that the obvious issues currently present in the PaperTrade protocol need to be fixed as soon as possible, otherwise they may affect the protocol's long-term sustainability.
POAP founder holding $129 million in ETH reduced holdings by 8,000 ETH over 6 days, transferred another 4,000 ETH to Gemini 6 hours ago
Odaily News — According to on-chain analyst Ember Monitoring, POAP founder @worthalter transferred another 4,000 ETH, worth $10.02 million, to the exchange Gemini 6 hours ago. Over 6 days, he reduced his holdings by 8,000 ETH at an average price of $2,601. He currently still holds 51,468 ETH, worth $129 million.
Tom Lee: Ethereum Could Break $5,000 by Year-End, This Cycle Could Reach $50,000
Tom Lee, Chairman of Ethereum treasury company Bitmine, said in an interview that Ethereum could rise to $25,000 to $50,000 in this cycle. He believes that ETH has been trading in a similar range for the past five years, and sustained bottoming may lay the foundation for a larger breakout ahead.Tom Lee also expects ETH to exceed $5,000 by the end of the year, noting that if Bitcoin rises above $100,000, ETH could reach around $7,500. However, market prediction data shows that traders currently see only a 4% probability of ETH reaching $5,000 by the end of 2026.
Less than 10 minutes after launch, Papertrade's notional trading volume reached $14.4 billion
Odaily News: Less than 10 minutes after Papertrade went live, its notional trading volume has reached $14.4 billion, with Bitcoin and Ethereum contract open interest at $3 billion and $2.66 billion, respectively. According to the project's mechanism, for every $1 lost by platform users, the protocol will mint a certain amount of PAPER along a curve; when the LP balance is below $2 million, every $1 lost corresponds to 100 PAPER minted, and once the LP balance exceeds $2 million, the minting rate will decrease as the balance increases.
Opened a $14.89 million ETH position: A whale withdrew 5,965 ETH from Binance in 20 minutes
According to on-chain analyst Ai Yi, two addresses belonging to the same whale have established an ETH position worth $14.89 million. Over the past 20 minutes, the two addresses cumulatively withdrew 5,965 ETH from Binance at an average withdrawal price of $2,496.95. The source funding address also transferred similar amounts of USDC to several other new addresses, suggesting continued batch buying.