According to a report by Arkham Intelligence, Grayscale has amassed approximately $5 billion worth of Ethereum, making it the second-largest Ethereum entity in the world. Grayscale's Ethereum Trust Fund is one of the top-rated crypto funds in the industry.

Bitcoin's price has fallen by 4.4% to $26,050, erasing the gains made earlier this week. The cryptocurrency's market capitalization remains above $507 billion, but its decline has also caused a 3% dip in the total market value to $1.09 trillion.

The Ethereum price failed to maintain its momentum after a bounce on August 31, dropping below $1,650 due to strong selling pressure. The broader crypto market is also experiencing a sell-off, with ETH trading down 3.21% in the last 24 hours. Around 143,000 ETH options are set to expire, with a balance between bets on price decrease and increase.

Several Ethereum liquid staking providers, including Rocket Pool, StakeWise, Stader Labs, Diva Staking, and Puffer Finance, have committed to or are in the process of committing to a self-limit rule that promises not to own more than 22% of the Ethereum staking market. This move is aimed at ensuring the decentralization of the Ethereum network. The proposal was put forward by Ethereum core developer Superphiz in May 2022, and the self-limit was set at 22% because at least four major entities would have to collude for the chain to reach finalization.

Crypto trader Bluntz, who has a large following on social media platform X, is not convinced that the recent bounce in Bitcoin and Ethereum is sustainable. He believes that both assets have more potential downside and that a further drop is needed before he will consider them to have hit bottom.

According to blockchain tracker Lookonchain, the investment fund associated with decentralized exchange aggregator 1inch has suddenly acquired $10 million worth of Ethereum over the weekend. The same wallet also purchased 17,000 ETH worth $26.8 million between January and March of this year. On July 5th, the wallet sold 11,000 ETH for roughly $21 million at a profit of $3.7 million. Additionally, Lookonchain notes that a wallet known as dimethyltryptamine.eth spent 27 ETH worth $45,000 to purchase 50 billion Pepe on Sunday.

ConsenSys lawyer Bill Hughes stated on X Platform (formerly known as Twitter) that the federal judge of the Southern District of New York explicitly stated in the ruling of the Risely v. Uniswap case on August 29 that Ethereum is a commodity, not a security. The document did not provide an analysis of the issue, only a conclusion, but this is a fairly clear statement by the judge. <br>

According to a tweet from CertiK official, an Ethereum address labeled as "Fake_Phishing184285" has transferred 100 ETH (approximately $172,000) to Tornado Cash. It is reported that the funds came from other active EOA phishing addresses that started 50 days ago.

Coinbase protocol lead Jesse Pollak tweeted that the number of Ethereum bridged to the Base network has exceeded 100,000.

According to L2BEAT data on August 30th, the TVL of Ethereum Layer2 scaling solution Starknet has risen to $118 million, a 7-day increase of 19.49%.

On August 30th, the Ethereum Layer2 scalability solution Starknet ecosystem announced that to celebrate the huge leap of Starknet Mainnet v0.12.1, a 24-hour limited-time official Starknet Quantum Leap NFT minting activity will be launched.

MistTrack monitoring shows that BitBrowser hackers have updated: 1. Hackers transferred a total of 6.5 Ethereum to 0x9713...039a on zkSync Era. 2. Hackers bridged to Arbitrum through Socket and transferred 1 ETH to TornadoCash on Arbitrum. 3. Hackers bridged 5.3 ETH to address 0x9c00...8143 on Optimism through Socket. 4. Address 0x9c00...8143 on Optimism transferred 5.2 ETH to Binance address 0x506f...8845. 5. 83 AVAX has been frozen. 6. A total of 80.97 ETH has been transferred to Railgun on Arbitrum currently.

OpenSea announced the release of two Ethereum comment requests (ERC-7496 and ERC-7498) and two Seaport improvement proposals (SIP-14 and SIP-15) to promote the development of a redeemable ecosystem. Redeemable NFTs allow redemption to receive another on-chain or off-chain item. OpenSea has released a public concept validation to illustrate the experience, allowing the casting of Baby Burn eggs on the OpenSea Drop page, and then proceeding to the exchange page to destroy the egg and exchange it for Burnie.

According to CoinGecko data, the current cryptocurrency market capitalization is $1,147,336,663,392, with a 24-hour trading volume of $66,272,662,683. The current Bitcoin market share is 47.1%, while Ethereum market share is 18.1%.

According to a crypto market analyst at Bloomberg Intelligence, Ethereum is poised to win the "upcoming stablecoin wars" due to its ecosystem, including layer-2 projects like Optimism, Base, and Arbitrum. However, the analyst notes that transferring the top stablecoin, Tether, is more expensive on Ethereum than on other networks.

Ethereum Foundation announced the official release of the Ethereum Execution Layer Specification (EELS) after more than a year of development. According to the blog post, EELS is a Python reference implementation of the core components of the Ethereum execution client, focusing on readability and clarity. EELS aims to be the spiritual successor to the Yellow Paper, more friendly to programmers, and synchronized with the merged fork. EELS can fill in and execute state tests, follow the main network, and is a good framework for building new EIP prototypes. <br>

Braavos deleted yesterday's disclosure article about Starknet token STRK, which included key information such as: After being deployed on Ethereum for nearly 12 months, Starknet STRK Token will soon be configured and open to the public; The functions of Starknet token STRK include governance voting, staking, and gas payment; Subsequent update plans include: reducing transaction costs, improving block generation mode, and allowing gas fee payment based on ERC20 tokens.

Raoul Pal, a former Goldman Sachs executive, is closely monitoring Bitcoin's 30-day historical volatility, which has dropped below 20 for the first time this year. This signal has preceded massive Bitcoin rallies five times in the past, and Pal believes hitting the 20 level could set the scene for Bitcoin to go on a huge run in the coming months.

HashKey Exchange opened bitcoin and ethereum trading to retail investors yesterday and supports deposits and withdrawals. According to the latest data from Coingecko, the 24-hour trading volume of HashKey Exchange was approximately $708,250 (over HKD 5.5 million), with the highest proportion of trading being the ETH/USDC trading pair (approximately 43.67%), followed by ETH/USD (25.44%) and USDT/USD (17.46%). The three bitcoin trading pairs BTC/USDC, BTC/USDT, and BTC/USD accounted for a total of approximately 12.47% of the trading volume.

Glassnode data shows that currently only 55.42% of Ethereum holding addresses are in a profitable state, which is the lowest point in nearly 7 months.