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The Daily: Crypto whale loses almost $50M in DeFi swap, BlackRock’s staked Ethereum ETF sees ‘very solid’ debut, and more

The Daily: Crypto whale loses almost $50M in DeFi swap, BlackRock’s staked Ethereum ETF sees ‘very solid’ debut, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Ethereum accumulation wallets jump 30%: Will ETH price follow?

Ethereum accumulation wallets jump 30%: Will ETH price follow?

Ether’s road to recovery looked clearer, especially if the balance in Ethereum accumulation wallets and the staked supply continue rising at their current pace.

Ethereum Foundation publishes new mandate defining its role, core principles

Ethereum Foundation publishes new mandate defining its role, core principles

The document comes at a point of transition for the organization, following shifts in the blockchain's technical roadmap and the resignation of a co-executive director.

Circle's USDC volumes top Tether's USDT for first time since 2019, prompting sell-side price target hike

Circle's USDC volumes top Tether's USDT for first time since 2019, prompting sell-side price target hike

Japanese investment bank Mizuho remains neutral on Circle, but lifted it price target to $120 from $100.

Bitcoin Price Reclaims $73,000 as War Shakes Markets, Outperforming Gold and Stocks

Bitcoin Price Reclaims $73,000 as War Shakes Markets, Outperforming Gold and Stocks

Bitcoin Magazine Bitcoin Price Reclaims $73,000 as War Shakes Markets, Outperforming Gold and Stocks The Bitcoin price has outperformed gold, silver, and major U.S. equity indexes since the outbreak...

Vitalik Buterin recounts how shiba inu tokens became a $1 billion AI policy war chest

Vitalik Buterin recounts how shiba inu tokens became a $1 billion AI policy war chest

The Ethereum co-founder said he expected the Future of Life Institute to cash out $10-25 million from his 2021 meme coin donation. It liquidated roughly $500 million and pivoted to political advocacy...

BlackRock’s staked Ethereum ETF records over $15.5 million volume on first day

BlackRock’s staked Ethereum ETF records over $15.5 million volume on first day

Bloomberg Analyst James Seyffart noted that ETHB had a 'very solid' first day, where it launched with over $100 million in assets.

BlackRock’s new ether ETF for yield hungry investors debuts with $15 million in trading volume

BlackRock’s new ether ETF for yield hungry investors debuts with $15 million in trading volume

The new ETHB fund launched with over $100 million in assets and traded more than $15 million on day one, offering investors exposure to ethereum plus staking rewards.

XRP jumps 3% as breakout above $1.39 ends early-2026 downtrend

XRP jumps 3% as breakout above $1.39 ends early-2026 downtrend

Volume surged more than 300% during the move, per CoinDesk analytics data, with traders watching whether the token can hold the former resistance as support.

Adobe CEO Narayen Plans Exit as Tech Firms Restructure Around AI

Adobe CEO Narayen Plans Exit as Tech Firms Restructure Around AI

The transition comes as generative AI reshapes the tech industry, forcing companies to rethink how they build products and run teams.

Dems say they will oversee reported DOJ probe into Binance

Dems say they will oversee reported DOJ probe into Binance

Senators Chris Van Hollen, Elizabeth Warren and Ruben Gallego have vowed to ensure that the Justice Department “conducts a serious investigation into Binance.”

Bitcoin above $71,000, ETH, SOL, ADA zoom higher as cryptos shrugs off stock weakness

Bitcoin above $71,000, ETH, SOL, ADA zoom higher as cryptos shrugs off stock weakness

Majors posted modest gains Friday with BTC hovering near the top of its month-long range even as equities struggle under rising energy prices and geopolitical stress.