ethereum

According to the Ethereum Magicians forum, developer Leo Glisic officially released Privacy Guardians 2 and announced the open-sourcing of its design. The project is positioned as a decentralized privacy payment system aimed at maximizing privacy protection for on-chain payments to combat issues such as freezing and monitoring present in centralized payment solutions (like OUSD launched by Corpo Consortium).The current V1 version includes multiple modules such as private payment mechanisms, insurance mechanisms, honeypot designs, exchange rate management, liquidity pools, and metadata processing. Glisic stated that this version is still in the early stages and has significant room for optimization in areas such as cryptographic security, incentive mechanism alignment, and capital efficiency, and he called on the community to participate in its improvement. The white paper has been simultaneously published on glisic.xyz.

According to Deribit data, Bitcoin and Ethereum options worth approximately $1.45 billion will expire at 16:00. Among them, the notional value of BTC options is about $1.23 billion, with a put/call ratio of 0.86 and a maximum pain point of $62,500; the notional value of ETH options is about $218 million, with a put/call ratio of 1.54 and a maximum pain point of $1,750.Deribit stated that this expiration will inject liquidity and volatility into the market, creating ideal conditions for short-term options trading.

Ethereum Foundation (EF) researcher Francesco D'Amato (fradamt) announced his departure from EF to join the newly established protocol development organization Ethlabs. D'Amato worked at EF for 5 years and was involved in several core research areas including MEV, consensus mechanisms, data availability sampling (DAS), and execution layer pricing.

The latest research from the Cambridge Centre for Alternative Finance shows that approximately 31% of Ethereum node activity is located in the United States, with about 39% distributed in the EU region excluding the UK, indicating that the geographical distribution of Ethereum nodes is still relatively concentrated in Western countries. The research leader, Alexander Neumuller, stated that the current node distribution is not concentrated in a single country but primarily relies on a few cloud service providers, including Hetzner, Amazon AWS, and OVH.It is noteworthy that the Ethereum network does not require half of the validators to fail for issues to arise; when more than one-third of validators go offline simultaneously, the network may be unable to complete the finalization of block checkpoints. Neumuller pointed out that nodes and validators do not have a one-to-one correspondence; a single node may run multiple validators, making it currently impossible to accurately assess the actual impact of a specific node or service provider failure on the validation network. Additionally, the research reassessed the energy consumption situation after Ethereum's Merge. The data shows that Ethereum's current annual energy consumption is approximately 7.9 GWh, equivalent to about 1 megawatt of continuous power, which is only about 0.02% of the pre-Merge level, with energy consumption decreasing by approximately 99.98%. Currently, the proportion of sustainable energy used by the Ethereum network exceeds 56%, higher than the global average. The research also pointed out that the concentration of client software is another potential risk; if a dominant client has a vulnerability, it could affect a large number of network participants. The report was published by the Cambridge Centre for Alternative Finance, with support from the Ethereum Foundation.

According to SoSoValue data, the total net inflow for Ethereum spot ETFs is $53.83 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock ETF ETHA, with a single-day net inflow of $45.29 million. Currently, the historical total net inflow for ETHA has reached $11.282 billion.The second is Grayscale Ethereum Trust ETF ETH, with a single-day net inflow of $4.5786 million. Currently, the historical total net inflow for ETH has reached $1.814 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs is $10.399 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 4.48%. The historical cumulative net inflow has reached $11.07 billion.

The US spot Bitcoin ETF saw a net outflow of $4.5 billion in June, marking the worst monthly performance since its launch in January 2024. Bitcoin fell 20.48% in June, hitting a 21-month low of $58,190 on July 1. Citigroup lowered its 12-month price target for Bitcoin from $112,000 to $82,000, having previously reduced it from $143,000 on March 17. Citigroup also cut its 12-month price target for Ethereum from $3,175 to $2,240.Strategy sold 32 Bitcoins from May 26 to 31, amounting to approximately $2.5 million, marking its first sale since December 2022. As of May 31, it held 843,706 Bitcoins, and the board approved a Bitcoin sale framework of up to $1.25 billion. The open interest in leveraged Bitcoin futures dropped from about $31.3 billion around May 30 to about $21.6 billion at the beginning of June. Within two weeks, major holders increased their holdings by over 270,000 Bitcoins.

BlackRock's revenue in the second quarter increased by 31% year-on-year to $7.1 billion, and adjusted operating income rose by 39% year-on-year to $2.9 billion, with AUM reaching $15.3 trillion and net inflows of $868 billion over the past 12 months.BlackRock has submitted two registration statements for tokenized money market funds to the U.S. Securities and Exchange Commission (SEC), one of which aims to create a tokenized share class for existing funds on Ethereum, while the other is for a digital-native strategy. The AUM of BlackRock's iShares ETF platform exceeds $6 trillion, with net inflows of $178 billion in the second quarter. Its AUM related to digital assets is approximately $110 billion, with iShares Bitcoin Trust, Ethereum Trust, and BUIDL remaining the largest products in their respective categories. BlackRock also manages a $60 billion reserve for stablecoin issuer Circle. The company has raised its stock buyback plan for 2026 to $2 billion, having repurchased $450 million in stock in the second quarter.

According to monitoring by Specter, an executor wallet of LayerZero is suspected to have been hacked, resulting in a total loss of approximately $2.1 million in assets across multiple blockchain networks.The attackers then transferred the stolen funds across chains to Ethereum via Stargate and Relay.

According to BlockSec Phalcon monitoring, the BarnBridge SMART Yield (cUSDC) protocol was attacked on Ethereum, resulting in a loss of approximately $776,000, suspected to be a governance attack.The attacker first gained DAO governance rights, then upgraded the SmartYield/controller proxy to a malicious implementation contract, which subsequently called the _takeUnderlying privileged function of CompoundProvider, using the pre-existing USDC authorizations of 50 user accounts to transfer aggregated funds to the attacker through transferFees.

According to SoSoValue data, yesterday (Eastern Time July 14), the total net inflow of Ethereum spot ETFs was $58.3385 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 $58.3385 million. Currently, the historical total net inflow of ETHA has reached $11.237 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $10.091 billion, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 4.46%. The historical cumulative net inflow has reached $11.016 billion.

According to a community alert released by Blockaid, the old governance proposals (#14 and #15) of BarnBridge Smart Yield have token authorization risks. If maliciously executed or upgraded, they may jeopardize existing token authorizations. It has not yet been confirmed that any funds have been withdrawn, but users are advised to check and revoke relevant authorizations on Ethereum as soon as possible.Proposal #14 is in an executable grace period, while proposal #15 is queued, with an expected on-chain execution time of July 16 at 09:23:58 UTC. The affected tokens include USDC, DAI, USDT, GUSD, and RAI, and the relevant contract addresses have been publicly disclosed. Blockaid reminds users to use trusted authorization management tools, not to trust links in replies or accounts claiming to be "support," and not to send funds or sign transfers to any address, only revoke authorizations through trusted tools.

According to market news, Bloomberg ETF analyst James Seyffart posted on X that updated filings have been submitted for its Ethereum ETF and Solana ETF, with expected trading codes of MSSE and MSOL, and a fee rate of 0.14%.

According to Lookonchain monitoring, the net outflow of Bitcoin ETFs in the United States was 6,904 BTC, with a net outflow of 8,166 BTC over 7 days. The net outflow of Ethereum ETFs was 8,807 ETH, with a net inflow of 26,101 ETH over 7 days.

Hyperbot data shows that as the ETH price rises, Huang Licheng's 25x leveraged Ethereum long position has exceeded a 100% return on investment, and he has now increased his position to 10,000 ETH, with a position value exceeding 19 million USD.

The Ethereum treasury company Sharplink posted on the X platform that since launching the ETH treasury strategy, the company's accumulated staking rewards in Ethereum have reached 23,490 ETH.In addition, the Ethereum staking rewards obtained by the company last week amounted to 499 ETH.

The Ethereum institutional privacy technology company EthSystems has officially launched and received strategic funding support from ecosystem backers such as Bitmine, Sharplink Gaming, Joe Lubin, and SNZ Holding.EthSystems focuses on developing privacy technologies for banks, asset management companies, and other regulated entities, enabling institutions to execute financial transactions on the Ethereum network at scale while protecting sensitive information such as transaction details and client identities.The company was founded by the core team of the Institutional Privacy Task Force (IPTF) of the Ethereum Foundation. The team has previously conducted a year-long open-source research and development publicly on the EthSystems website and has established partnerships with several central banks, regulatory agencies, large banks, and asset management institutions. EthSystems stated that while institutions have begun exploring stablecoins, tokenized assets, and Ethereum-based settlement solutions, large-scale adoption still faces privacy and compliance challenges.Financial institutions need more than just access to blockchain networks; they require a complete infrastructure that meets business confidentiality protection, regulatory requirements, and compatibility with existing financial systems. The goal is to create a "selective disclosure" privacy architecture that allows transaction participants to view only the information they are authorized to access, while retaining the core advantages of Ethereum's decentralization, security, and openness, and complementing two other organizations: Ethlabs, which focuses on the research and development of Ethereum's core protocol and infrastructure; Ethereum Institutional, responsible for institutional collaboration, education, market research, and ecosystem coordination; and EthSystems, which focuses on application layer technology, transforming institutional needs into practical privacy protocols and financial systems.

According to SoSoValue data, the total net outflow of Ethereum spot ETFs is $15.4092 million. The Ethereum spot ETF with the highest single-day net outflow is the Fidelity ETF FETH, with a single-day net outflow of $15.4092 million. Currently, the historical total net inflow of FETH has reached $2.134 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $9.458 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 4.43%. The historical cumulative net inflow has reached $10.958 billion.

Ethereum co-founder Joseph Lubin stated that Ethereum L1 transaction fees should remain low to promote ecosystem growth. It is expected that in the next 2 to 3 years, tens of thousands of companies will deploy on Ethereum L1, L2, and permissioned EVM networks, achieving cross-layer interoperability.Lubin believes that large-scale adoption will enhance the monetary premium of ETH and the total transaction fee revenue of L1. At the same time, staking and other locking mechanisms will reduce circulating supply. If ETH returns to a net destruction state, its value is expected to rise further.