ethereum

According to CoinDesk, Ethereum co-founder and ConsenSys CEO Joe Lubin stated that the recent controversies surrounding budget cuts at the Ethereum Foundation (EF), employee departures, and leadership adjustments do not indicate that the organization is in crisis, but rather represent a necessary evolution in its development process.The Ethereum Foundation should focus on maintaining the core technology and values of the network, preserving a "trustworthy neutrality" position, while responsibilities such as ecological expansion, institutional collaboration, and commercial promotion should be undertaken by other organizations to avoid potential conflicts of interest between protocol development and commercial interests.In response to external doubts about the direction of the foundation's reforms, Lubin noted that many criticisms stem from misunderstandings of the foundation's role. He pointed out that the Ethereum Foundation is promoting further separation between protocol governance and commercial operations, and the future Ethereum ecosystem will not be dominated by a single entity, but rather multiple organizations will take on ecological construction responsibilities in different areas, collectively driving network development. This model differs from some blockchain projects that concentrate protocol development and business strategy within the same entity, aligning more closely with Ethereum's decentralized development philosophy.Regarding market views that "Ethereum is declining," Lubin denied this. He stated that in recent years, artificial intelligence has replaced the cryptocurrency industry as the most关注的技术叙事 in the capital market, leading to a shift in funding and investment focus, but this does not mean that Ethereum has lost its competitiveness.On the contrary, after years of scaling and infrastructure development, Ethereum is gradually becoming capable of supporting the next wave of large-scale adoption and is expected to usher in a new growth cycle in the future.

On-chain analyst PlanB expressed the view on the X platform that, from the ETH/BTC comparison chart, Ethereum's overall performance over the past decade has been significantly weaker than Bitcoin.Data shows that the current ETH/BTC ratio is approximately 0.026, which is comparable to the level in March 2016, indicating that ETH has returned to the value position it held relative to BTC ten years ago. During the Bitcoin bull market of 2023/2024, ETH did not experience a significant increase, a similar situation also occurred in 2017 and 2021, and even now, Ethereum still lacks upward momentum relative to Bitcoin.

According to monitoring by Lookonchain, an Ethereum OG who sold 60,000 ETH (worth $117.25 million) at a price of about $2040 and 9442 wstETH (worth $24 million) a week ago is now repurchasing ETH.In the past two days, they have spent $55.8 million, buying 35,723 ETH at an average price of $1563 per coin, and may continue to buy more.

According to Onchain Lens monitoring, Ethereum co-founder Joseph Lubin has once again replenished the Maker vault with 30,000 ETH, valued at approximately 47.12 million dollars at current prices, to reduce liquidation risk.Currently, Lubin has staked a total of 110,000 ETH across three different Maker vaults, valued at approximately 171 million dollars, and has borrowed 259.05 million DAI using these ETH as collateral. As the ETH market becomes more volatile, his ongoing efforts to replenish collateral have attracted market attention.

According to monitoring by Lookonchain, the wallet associated with Ethereum co-founder Joseph Lubin (0x1b3...A7C2) holds 243,300 ETH (worth $370 million) and has transferred out 80,001 ETH (worth $12.16 million) after being dormant for over 3 years.

According to Shield Monitoring, an Ethereum MEV bot just unexpectedly transferred 167 ETH (worth about $300,000) to a random user.

According to SoSoValue data, on June 4th Eastern Time, the total net inflow of Ethereum spot ETFs was $19.3019 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was the Blackrock ETF ETHA, with a single-day net inflow of $19.3019 million. Currently, the historical total net inflow of ETHA has reached $11.323 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $9.778 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 4.57%, with a historical cumulative net inflow of $11.206 billion.

According to Hyperbot data, Huang Licheng's newly opened 25x leveraged Ethereum long position faced partial liquidation, and he subsequently began to continuously add small amounts to the position. Currently, he holds 1,825 ETH, with an unrealized loss of about $40,000, an investment return rate of -29.24%, and a liquidation price of $1,743.

According to on-chain analyst Yu Jin's monitoring, Ethereum bulls have today borrowed 58 million U from Spark to purchase 32,919.2 ETH, at an average price of 1,762 USD.

According to 8 marketcap data, Bitcoin's market value has dropped to the 16th position among global mainstream assets, currently reported at $1.26 trillion, while Ethereum's market value has fallen to the 104th position, currently reported at $211.6 billion.

According to SoSoValue data, on June 3rd Eastern Time, the total net outflow of Ethereum spot ETFs was $52.936 million.The Ethereum spot ETF with the highest single-day net outflow yesterday was Blackrock ETF ETHA, with a single-day net outflow of $51.5817 million. Currently, the historical total net inflow of ETHA has reached $11.304 billion.Following that is Fidelity ETF FETH, with a single-day net outflow of $1.3542 million. Currently, the historical total net inflow of FETH has reached $2.126 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $9.959 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 4.63%. The historical cumulative net inflow has reached $11.187 billion.

According to SoSoValue data, the cryptocurrency market shows a mixed performance, with the AI sector rising 3.59% in 24 hours. Within this sector, Worldcoin (WLD) surged 22%, while SkyAI (SKYAI) and Tagger (TAG) increased by 6.26% and 10.28% respectively. At the same time, the DeFi sector rose 1.93%, with Hyperliquid (HYPE) up 2.20%, briefly surpassing $75 during the day, setting a new historical high. Ethena (ENA) saw a significant increase of 21.51% due to factors such as Coinbase Ventures' initial investment in its tokens.Additionally, Bitcoin (BTC) fell again by 6.19%, briefly dropping below $62,000 during the day; Ethereum (ETH) decreased by 4.52%, falling below $1,800.In other sectors, the RWA sector rose 1.48% in 24 hours, with Ondo Finance (ONDO) increasing by 0.56%; the NFT sector rose 2.55%, with Audiera (BEAT) up 19.27%.The Layer2 sector fell by 1.04%, with Polygon (POL) rising by 0.69%; the Meme sector decreased by 1.85%; the Layer1 sector dropped by 3.67%, while Kaspa (KAS) rose by 6.30%; the PayFi sector fell by 3.73%, with Monero (XMR) increasing by 7.60%; the CeFi sector dropped by 5.14%, while Aster (ASTER) rose by 0.15%.The cryptocurrency sector indices reflecting historical market trends show that the ssiSocialFi, ssiCeFi, and ssiMAG7 indices fell by 8.61%, 5.61%, and 5.35% respectively.

According to on-chain analyst Yu Jin's monitoring, the Ethereum treasury company FG Nexus transferred 10,000 ETH (18.16 million USD) to Galaxy Digital 4 hours ago. The company incurred a loss of 88.83 million USD from investing in ETH: from August to September last year, it spent 200 million USD to purchase 50,600 ETH at an average price of 3,940 USD, and began to reduce its holdings starting in November. Currently, it has reduced its holdings by 38,300 ETH (89.17 million USD) at an average price of 2,329 USD.

FalconX stated that Hyperliquid's trading volume has exceeded Ethereum on certain trading days, and institutional funds are shifting from Bitcoin and Ethereum to HYPE tokens, primarily due to the weak performance of mainstream assets affected by ETF outflows and macroeconomic uncertainties.

The Ethereum Layer 2 network Ink, incubated by Kraken, announced last night that the network is experiencing a full-chain outage, with current network availability being intermittent and services not yet stabilized.The official statement noted that before the chain returns to normal operation, user transactions and cross-chain bridging operations may experience instability. Ink is collaborating with its infrastructure partner Gelato to investigate the root cause of the failure and to advance network recovery efforts. As of the time of publication, Ink has not announced any further progress or recovery timeline.

According to SoSoValue data, on June 2 Eastern Time, the total net outflow of Ethereum spot ETFs was $90.1481 million. The Ethereum spot ETF with the highest single-day net outflow yesterday was the Blackrock ETF ETHA, with a single-day net outflow of $44.2681 million, and the historical total net inflow of ETHA has reached $11.356 billion. The second was the Grayscale Ethereum Trust ETF ETH, with a single-day net outflow of $25.4062 million, and the historical total net inflow of ETH has reached $1.876 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs was $10.53 billion, and the ETF net asset ratio (the market value as a percentage of the total market value of Ethereum) reached 4.58%, with a historical cumulative net inflow of $11.24 billion.

According to Lookonchain statistics, as the cryptocurrency market continues to decline, the unrealized loss of Bitmine, an Ethereum reserve company supported by Tom Lee, has exceeded the unrealized loss of Strategy's Bitcoin holdings.Data shows that Bitmine currently holds 5,416,901 ETH, valued at approximately $10.03 billion at current market prices, resulting in an unrealized loss of about $8.9 billion compared to the purchase cost.Meanwhile, Strategy, led by Michael Saylor, holds 843,706 BTC, with a current market value of approximately $56.26 billion, resulting in an unrealized loss of about $7.6 billion.

According to CoinDesk, Tom Lee, Head of Research at Fundstrat and Chairman of Bitmine, stated at the Proof of Talk conference in Paris that he expects Ethereum to eventually reach $250,000, with artificial intelligence and tokenization driving significant changes in financial infrastructure. Lee pointed out that with the arrival of the machine-to-machine economy, Ethereum will transition from a speculative digital asset to a major global currency for payment automation and computational processing power.Bitmine recently acquired 111,942 ETH, increasing its holdings to nearly 5.4 million ETH, accounting for about 4.47% of the circulating supply. Lee stated that Bitmine is now eligible for inclusion in the Russell 1000 index, with its staking model outperforming holding spot ETH. He believes that enterprise validators will replace the shrinking Ethereum Foundation as key managers of the network, with corporate entities currently jointly controlling 7% of Ethereum's circulating supply.Lee mentioned that if Ethereum achieves the $250,000 target, Bitmine's stock price will reach $5,000. He also noted that the current bearish sentiment indicates the market bottom for Bitcoin and Ethereum, suggesting that selling during bearish times is akin to selling at the bottom.