ethereum

According to Hyperbot data, the 25x leveraged Ethereum long position of Ma Ji Da Ge Huang Li Cheng continues to reduce its holdings, with only 100 ETH remaining. The liquidation price is currently reported at $1509, and the return on investment is -127.57%.

The Ethereum Layer2 project Taiko has released the latest developments on the security incident, stating that this incident will not result in any loss of user funds. Currently, the bridged assets are in a state of insufficient collateral, and all additional collateral will be completed before the bridge reopens, ensuring that each user's balance receives 1:1 support, consistent with the situation before the incident occurred.Since the occurrence of this security incident, cautious measures have been taken, including controlling the scope of impact, determining the cause of the incident, and collaborating with the board to develop a plan to protect user assets. In addition, the CEO of Taiko has submitted a formal report to the relevant authorities in Singapore, and the team will fully cooperate in tracing the responsible parties. Users currently do not need to take any action; at this stage, the completed repair plan is being tested, and the chain and bridging services will be reopened as soon as safety is ensured. Users are also reminded to be vigilant against scams; the Taiko team will not proactively message users, and there are no websites for claiming or refunds. Any links provided for such purposes are scams.

According to SoSoValue data, the total net outflow of Ethereum spot ETFs is $30.2382 million. The Ethereum spot ETF with the highest single-day net outflow is Fidelity ETF FETH, with a single-day net outflow of $15.6897 million, and the historical total net inflow of FETH currently stands at $2.111 billion. The second is Blackrock ETF ETHA, with a single-day net outflow of $8.075 million, and the historical total net inflow of ETHA currently stands at $11.156 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $8.481 billion, with an ETF net asset ratio (the market value as a percentage of Ethereum's total market value) reaching 4.35%, and the historical cumulative net inflow has reached $10.997 billion.

According to 10x Research analysis, Ethereum is currently at a support level of $1,600. If this level is broken, the next target will be $1,200—this is the retracement level since the FTX collapse. The current price of Ethereum is below the 7-day and 30-day moving averages, with a weekly decline of 7.4%. The recent 20% layoffs at the Ethereum Foundation have triggered a significant price drop, while warnings of a funding crisis after the key developer incentive program expired have further dampened market sentiment.Continuous net outflows from the spot Ethereum ETF and weak institutional demand severely limit upside potential. On-chain data shows that asset accumulation has reached multi-year lows, while an increase in transaction failure rates has led to a cooling of network demand. This week, market news is sparse, and the main price-driving factors remain macro headwinds: the Federal Reserve's hawkish stance, a strengthening dollar, and stock market volatility.

The new research lab Ethlabs was launched this week, co-funded by Ethereum co-founder Joe Lubin, Bitmine Immersion Technologies holding approximately 5.7 million ETH, and Sharplink holding approximately 876,000 ETH, with the specific funding amount undisclosed.Sharplink CEO Joseph Chalom stated that Ethlabs will complement the Ethereum Foundation, but acknowledged that the two will "overlap in certain areas," and that "the most concentrated talent" will be at Ethlabs. The lab focuses on faster settlement, cross-chain interoperability, and readiness for institutional and AI applications, which highly overlaps with the priorities of the Foundation after its reorganization this week.This move comes as the Ethereum Foundation cut about 40% of its 2026 budget and eliminated 54 positions this week, with Vitalik Buterin defining it as a shift towards a donation fund model. Former Foundation core development coordinator Trent Van Epps warned last week that core development faces a funding gap in three to nine months. Ethlabs' first real test will be the Glamsterdam upgrade, where the roadmaps of the two organizations will intersect for the first time in a limited upgrade queue.

The Ethereum treasury company Sharplink stated on platform X that since launching the ETH treasury strategy, the company's total staking rewards have reached 22,102 ETH.In addition, the Ethereum staking rewards obtained by the company last week amounted to 509 ETH.

According to Onchain Lens, BlackRock deposited 2,700 BTC (approximately $169 million) and 52,956 ETH (approximately $88.17 million) into Coinbase, totaling approximately $257 million, and may continue to make additional deposits.

According to SoSoValue data, on June 23, Eastern Time, the total net outflow of Ethereum spot ETFs was $82.351 million. The Ethereum spot ETF with the highest net inflow yesterday was Fidelity ETF FETH, with a net inflow of $15.6929 million for the day, bringing FETH's total historical net inflow to $2.126 billion. The Ethereum spot ETF with the highest net outflow yesterday was Blackrock ETF ETHA, with a net outflow of $86.0682 million for the day, bringing ETHA's total historical net inflow to $11.164 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs was $8.955 billion, with an ETF net asset ratio (the market value as a percentage of Ethereum's total market value) of 4.46%, and the historical cumulative net inflow has reached $11.028 billion.

According to CoinDesk, the market maker Wintermute's over-the-counter trading department pointed out in a report that, influenced by the Federal Reserve's hawkish stance and geopolitical news, Bitcoin and Ethereum are falling towards the lower end of their recent range. Wintermute's options pricing indicates that Bitcoin is expected to fluctuate between $61,242 and $63,563 in the next 24 hours, while Ethereum is expected to fluctuate between $1,606 and $1,694.The report also noted that the correlation among various tokens is rising, liquidity is shrinking with the arrival of summer, and there are no signs of new institutional buying in ETF inflows. Wintermute has marked $59,000 as a key observation point; if the current pressure continues, this level may become a support for the bear market low. Three catalysts will dominate the market direction for the remainder of the week: the sustainability of the peace agreement between the U.S. and Iran, the PCE inflation data to be released on Thursday, and the end-of-month quarterly options expiration, which may amplify market volatility due to traders rolling over or closing positions.

According to Arkham monitoring, the value of the ETH holdings of the Ethereum Foundation has dropped to its lowest level in nearly 6 years (in USD), currently holding 209 million USD in ETH. Over the past two and a half weeks, its ETH holdings value reached a near 6-year low, with the last time being below the current level in October 2020.

According to Cointelegraph, Ethereum is embroiled in a fierce governance debate over the source of core development funding. Last Friday, former Ethereum Foundation contributor Trenton Van Epps warned that as old support programs deplete and foundation expenditures shrink, the core development ecosystem could face a "slow-burning funding crisis" within three to nine months, requiring approximately $30 million annually to maintain over a dozen clients, research, and coordination teams.The core of the debate stems from the "validator redirect income" proposal put forward by Kleros co-founder Clément Lesaege, which suggests redirecting 0% to 10% of validator rewards to an ecosystem funding pool, estimated to generate about 50,000 to 70,000 ETH annually at current staking levels. This proposal has faced widespread opposition, with critics warning that it could entrench the power of large validators and blur the boundaries between operations and governance. Some community members previously countered that the foundation's funds are sufficient to operate for 30 years, but the foundation's actual decisions indicate that it is actively shrinking expenditures and pushing for diversified funding models.On Monday, a nonprofit organization called EthLabs was announced, initiated by five former Ethereum Foundation researchers, aiming to directly fund development through large ETH holders. On Tuesday, Ethereum founder Vitalik Buterin stated that the foundation is cutting its budget by about 40% according to established policies and has recently laid off 54 people.

The Ethereum community is debating the proposal to tax staking rewards. The newly established EthLabs has received support from institutions such as BitMine, providing off-chain funding alternatives for ecological development.

Rob Hocking, the Global Head of Derivatives at the Chicago Board Options Exchange (CBOE), stated that the exchange is exploring the conversion of Bitcoin and Ethereum continuous futures into perpetual futures. Previously, the Commodity Futures Trading Commission (CFTC) approved the cryptocurrency perpetual futures of the prediction market Kalshi, paving the way for similar products for other registered U.S. exchanges. Rob Hocking did not provide a timeline for the potential conversion.

Vitalik Buterin, co-founder of Ethereum, stated that the Ethereum Foundation (EF) has announced a budget cut of approximately 40% this year as part of its financial transformation plan.According to the funding management policy released last year, EF is gradually transitioning from an "expenditure-based organization" to an "endowment-based model," aiming to reduce the annual expenditure ratio from about 15% to approximately 5% after 2030. In this process, the foundation emphasizes that it will accept inevitable personnel and resource adjustments and acknowledges the loss of some capabilities and experience.In this round of restructuring, EF has reduced approximately 54 employees, accounting for about 20% of the overall team. Vitalik stated that many of these departing members may continue to participate in the Ethereum ecosystem in external forms in the future. Meanwhile, the foundation will shift its strategic focus to a more "lightweight" protocol governance and development path, including advancing the "Strawmap" long-term roadmap, covering core protocol upgrades such as consensus mechanisms, privacy technologies, account models, and state structures, and promoting Ethereum's evolution into its third phase.In terms of specific structural adjustments, EF will weaken the "multi-client redundancy priority" model and shift towards a development approach based more on specialized division of labor and AI-assisted formal verification; the privacy and scalability research team PSE will be restructured, transitioning from exploratory R&D to more focused engineering implementation; the scale of ecosystem activities such as Devcon will also gradually be reduced.In addition, EF will reduce investments in large cross-domain projects in the future, placing greater emphasis on protocol security and high-value improvements, while encouraging more innovative work to be completed externally. Although the path is more streamlined, Ethereum will continue to strengthen its core positioning as a highly censorship-resistant and long-term stable protocol.

The Ethereum Foundation announced in a blog that it has completed a months-long reorganization and laid off 54 people, approximately 20% of the previous workforce.This adjustment continues the strategic transformation of "Lean Ethereum" and the development direction for 2026, repositioning the Ethereum Foundation as a lighter protocol governance and maintenance entity, rather than a primary core builder.This change is further advanced based on the 2025 PR&D (Research and Development) reorganization (reducing staff from over 110 to below 100), the previous layoff of about 19 people, and the successive departures of several senior researchers.