eth

According to Coinglass data, if ETH falls below $1,789, the cumulative long liquidation intensity on mainstream CEX will reach $469 million. Conversely, if ETH breaks above $1,963, the cumulative short liquidation intensity on mainstream CEX will reach $452 million.

According to SoSoValue data, yesterday (Eastern Time August 14), the ten Ethereum spot ETFs had no net inflows or outflows throughout the day, showing a zero change status.As of the time of writing, the total net asset value of Ethereum spot ETFs is $10.521 billion, and the ETF net asset ratio (market value compared to the total market value of Ethereum) reaches 4.64%, with a historical cumulative net inflow of $11.453 billion.

According to Onchain Lens monitoring, Ethena transferred $81.97 million USDC from its Coinbase Prime custody wallet to FalconX.Based on on-chain transaction records, this fund transfer may be related to an over-the-counter (OTC) sale. It is currently unclear whether Ethena has completed the sale.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.282 billion, with long positions of $2.58 billion, accounting for 48.84% of the holdings, and short positions of $2.702 billion, accounting for 51.16% of the holdings. The profit and loss for long positions is -$11 million, while the profit and loss for short positions is $36.0718 million.Among them, the whale address 0xff84..1d has shorted BTC with a 40x leverage at a price of $63,581.5, currently realizing an unrealized profit and loss of $1.1031 million.

Zach Pandl, the head of research at Grayscale, posted on the X platform comparing Ethereum to a "small country" and discussed the ETH issuance mechanism. He believes that Ethereum has only one core "government function": to protect property rights and value exchange within the system. Unlike traditional countries that provide public services through taxation, Ethereum primarily funds network security through "seigniorage," which is the issuance of new ETH.In this framework, the stakers responsible for maintaining network security are akin to a group providing public services, as they receive rewards through newly issued ETH. Therefore, Ethereum's staking mechanism and ETH issuance policy essentially constitute the network's fiscal and monetary policy. Zach Pandl pointed out that the Ethereum community needs to decide how much "new currency" should be used to cover network security costs. More security typically means stronger protection of property rights, but at the cost of a higher ETH issuance rate and potential other risks.For example, if network security increasingly relies on a few large staking service providers, there remains room for discussion about whether these providers can maintain the asset rights of all users completely neutrally. Pandl believes that, just as in traditional economies, no one knows the "optimal level" of government spending and currency issuance; the same applies to Ethereum. However, Ethereum has several key security thresholds, including: 1/3: an attacker reaching this ratio may affect finality; 1/2: affects blockchain fork choice; 2/3: can control the finality process. Some community members believe that the design of Ethereum's monetary and fiscal policy should consider the security trade-offs brought by these key ratios, while the current mechanism has not adequately incorporated these factors. However, the above analogy is not entirely accurate, as it does not yet involve other important factors such as the ETH burn mechanism, MEV, governance, etc.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $166 million, with long positions liquidated at $96.4261 million and short positions liquidated at $69.1273 million. Among them, Bitcoin long positions were liquidated at $26.8053 million, Bitcoin short positions at $3.965 million, Ethereum long positions at $11.3938 million, and Ethereum short positions at $3.7955 million.In addition, in the last 24 hours, a total of 88,830 people were liquidated globally, with the largest single liquidation occurring on Binance - SNDKUSDT worth $2.0559 million.

According to Ai Yi's monitoring, a whale that built a position of $30.05 million in ETH in June is suspected of reducing its holdings. The address 0x643...CF565 deposited 7,981 ETH into FalconX 3 hours ago, worth $14.99 million; since July, a total of 10,735.8 ETH (approximately $20.04 million) has been deposited, and if sold, it would yield a profit of $2.47 million, with a cost of about $1,637.12, and a deposit price of $1,867. Currently, there are still 7,625 ETH remaining, with an unrealized profit of $1.86 million.

Tether CEO Paolo Ardoino, in an interview with The Block, responded to ongoing criticisms raised after KPMG U.S. completed its first full financial audit. He stated that some critics are unable to admit that their past judgments about Tether were wrong, and said, "Honestly, I don't care." Ardoino mentioned that Tether has repeatedly proven its resilience.He noted that in 2022, Tether processed $7 billion in redemptions within 48 hours, which was about 10% of its reserves at the time, and there was no pause in redemptions during that period. He believes that many traditional financial institutions would struggle to handle withdrawals of a similar scale in such a short time. He also stated that criticism itself is not a bad thing, as it makes Tether better and stronger. Even if some critics view it as a "villain," as long as Tether can continue to serve its claimed 650 million users who rely on USDT, especially in emerging markets, he does not mind.According to informed sources, Tether, as a private company, will not publicly share audited financial statements. The company plans to conduct a full audit once a year in the future while continuing to release quarterly attestation reports. Overall, the KPMG audit is an important step for Tether to enhance transparency, but controversies surrounding its reserves, disclosure levels, and systemic impact have not completely dissipated.

Cboe BZX Exchange is seeking approval from the U.S. SEC to list a set of leveraged commodity ETFs, including daily leveraged products that provide 3x long exposure to Bitcoin and Ethereum. According to the proposed rule change document submitted on Friday, Cboe plans to launch the 3x Gold ETF, 3x Silver ETF, 3x Bitcoin ETF, 3x Ether ETF, 3x Crude Oil ETF, and 3x Natural Gas ETF.These funds will primarily achieve their objectives by holding CME or COMEX futures contracts and using cash and cash equivalents as collateral, aiming to deliver 3x returns corresponding to the daily performance of the underlying assets. Since the related products do not comply with the exchange's general listing standards regarding leveraged products, Cboe needs to apply for approval through special rules. Such highly leveraged funds are typically aimed at sophisticated investors for short-term tactical trading and are not suitable for long-term holding.The document also indicates that these funds will operate in the form of a "commodity pool," subject to CFTC regulation, rather than as an investment company under the 1940 Act regulated by the SEC, like many traditional ETFs. Commodity pools typically aggregate funds from multiple investors to trade derivatives or other commodity-related instruments.

According to Cointelegraph, Morgan Stanley's latest 13F filing submitted to the U.S. SEC shows that as of June 30, it held approximately 16.5 million shares of BlackRock IBIT, an increase of 23% from 13.4 million shares in the first quarter. However, due to the decline in Bitcoin prices during the quarter, the market value of this holding dropped from $667 million to $549 million, a decrease of about 18%.During the same period, Morgan Stanley also held 2.57 million shares of MSBT, valued at approximately $43.3 million, and increased its holdings in Grayscale Bitcoin Mini Trust, Bitwise Bitcoin ETF, and Fidelity FBTC, with FBTC holdings increasing by nearly 38%.In terms of Ethereum, its ETHA holdings increased by about 202% to 4.6 million shares, and the Grayscale Ethereum Staked Mini ETF holdings increased by about 26% to 5.1 million shares. Additionally, Morgan Stanley also established new positions in the Grayscale Solana Staked ETF and Fidelity Solana Fund, with market values of approximately $4.25 million and $2.26 million, respectively.On the individual stock front, Morgan Stanley's holdings in Circle (CRCL) surged from about 1.46 million shares to 8.32 million shares, while also increasing positions in mining companies and infrastructure firms such as Cipher Digital, Core Scientific, Hut 8, and Bitdeer; on the other hand, it reduced its holdings by about 550,000 shares in Coinbase, reduced over 3.1 million shares in CleanSpark, and completely exited approximately 8 million shares in Bitfarms.

According to Onchain Lens monitoring, BlackRock transferred 249.16 BTC, worth approximately $15.65 million, and 301.76 ETH, worth approximately $566,000, from its IBIT and ETHA wallets to Coinbase Prime 3 hours ago.

According to Coinpedia, JPMorgan, with an asset management scale of approximately $5.1 trillion, submitted its Q2 13F filing to the SEC, showing significant adjustments in its crypto-related ETF holdings. In terms of Bitcoin, the bank held approximately 10.4 million shares of BlackRock's IBIT as of June 30, valued at about $355.7 million, up from about 8.3 million shares and nearly $162 million in Q1; the number of IBIT call options increased to about 3.94 million, while put options decreased from about 4.75 million to about 3.5 million.Regarding Ethereum, JPMorgan held nearly 1.17 million shares of BlackRock's ETHA, valued at approximately $14.3 million, a significant increase of 338% compared to the previous quarter, but the value of Bitcoin positions still exceeds that of ETHA by more than twenty times. For XRP, after the related positions were reduced to zero in Q1, the bank re-established its holdings, holding small shares of Bitwise XRP ETF and Grayscale XRP Trust ETF, as well as approximately 19,900 shares of Armada Acquisition Corp II related to Ripple-supported trading, valued at about $207,000.In addition, the filing also showed that JPMorgan established a new position in Bitwise Solana Staking ETF, holding about 47,500 shares. The article also mentioned that there has been a recent net outflow from the U.S. spot Bitcoin ETF, with the next 13F covering Q3 expected to be disclosed in November.

According to Coinglass data, if ETH breaks through $1,961, the cumulative short liquidation intensity on mainstream CEX will reach $770 million. Conversely, if ETH falls below $1,789, the cumulative long liquidation intensity on mainstream CEX will reach $720 million.

Grayscale Research Director Zach Pandl stated that the two major blockchain networks, Ethereum (ETH) and Solana (SOL), are considering adjusting their token economic models to enhance asset scarcity by reducing future token supply growth through lowering annual inflation rates. As important native assets supporting stablecoins and tokenized asset ecosystems, the prices of ETH and SOL are primarily determined by supply and demand dynamics. If the relevant code upgrade proposals are approved, under unchanged conditions, lower supply growth may provide support for token prices.According to Grayscale's analysis, if the relevant adjustments are implemented, the supply inflation rates of BTC, ETH, and SOL will continue to decline over the next five years. By the end of 2031, the annual inflation rates for Bitcoin and Ethereum are expected to be around 0.4%, and Solana around 1.1%, which is lower than gold's annual supply growth rate of about 1.8% and the U.S. CPI inflation level of about 3.3%. Currently, these token economic adjustments are still in the community discussion phase. Among them, the Solana-related proposal has gained broader support and has a higher likelihood of implementation; the Ethereum proposal still requires further discussion.If the adjustments are implemented, staking users may face reduced token rewards, as part of the staking income comes from the issuance of new tokens. However, due to the decline in the growth rate of circulating supply, the scarcity value of the tokens may increase, potentially providing price support. For ETH and SOL holders who do not participate in staking, they may benefit directly; the final returns for stakers will depend on the balance between the decrease in rewards and the increase in prices. Zach Pandl concluded that ETH and SOL are becoming important digital commodities supporting stablecoins and the tokenization of real assets, and the economic model adjustments aimed at reducing inflation may further strengthen their scarcity attributes.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.165 billion, with long positions of $2.536 billion, accounting for 49.1% of the total holdings, and short positions of $2.629 billion, accounting for 50.9%. The profit and loss for long positions is -$124 million, while the profit and loss for short positions is $51.412 million.Among them, the whale address 0xff84..1d has shorted BTC with a 40x leverage at a price of $63,581.5, currently showing an unrealized profit and loss of $1.7325 million.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $236 million, with long positions liquidated at $129 million and short positions liquidated at $107 million. Among them, Bitcoin long positions were liquidated at $51.8932 million, Bitcoin short positions at $6.0097 million, Ethereum long positions at $24.4674 million, and Ethereum short positions at $7.2829 million.In addition, in the last 24 hours, a total of 74,842 people were liquidated globally, with the largest single liquidation occurring on Binance - SNDKUSDT worth $2.0559 million.

According to Greekslive, 20,000 BTC options are set to expire, with a Put Call Ratio of 0.84, a maximum pain point of $64,000, and a nominal value of $1.29 billion. 96,000 ETH options are set to expire, with a Put Call Ratio of 0.95, a maximum pain point of $1,900, and a nominal value of $180 million.Bitcoin continues to fluctuate around $64,000 this week, with actual volatility decreasing, and realized volatility (RV) dropping to 25%, hitting a historic low, continuously breaking through the three previous low points at the end of October, the end of January, and early June. Implied volatility (IV) has also continued to decline, currently falling to levels seen in early October last year, reflecting extreme compression of market sentiment, corresponding to a sluggish period in the mid-bear market.

Financial giant Charles Schwab announced that it has launched direct trading services for Bitcoin and Ethereum for approximately 40 million brokerage accounts. The product is named Schwab Crypto, covering 48 states in the U.S. (excluding New York and Louisiana), with a trading fee rate of 0.75%, operated by Charles Schwab Premier Bank and Paxos.Joe Vietri, head of digital assets at Charles Schwab, stated that the company aims to become the preferred platform for retail investors to allocate digital assets, supporting users to trade crypto assets alongside other investment types through its services, education, and research advantages. The company also maintains a risk warning, stating that even if Bitcoin or Ethereum only accounts for 1% to 3% of a portfolio, it can have a significant impact, and both have previously dropped over 70% in past cycles.