Crypto
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Ethereum slides under $4,150 and spot ETFs break eight-day positive inflow streak

The token touched $4,750 earlier this week.

Sage D. Young

After eight days of consecutive positive inflows totaling just under $2 billion, spot ethereum ETFs trading in the US broke the streak on Thursday, which saw $8.5 million leave the funds. 

The roughly $39.3 million inflows from BlackRock’s iShares Ethereum Trust ETF were offset by outflows from five different spot ethereum ETFs, data from SoSoValue shows.

The outflows come as the price of the second-largest cryptocurrency is trading under $4,150 amid a broad market sell-off following a Truth Social post from President Trump threatening a “massive increase” of tariffs against China.

Meanwhile, ethereum treasury firms scooped up more tokens this week:

  • Bit Digital purchased 31,057 ethereum tokens, bringing the firm’s cumulative holdings to 150,244 tokens.

  • On-chain data shows BitMine Immersion Technologies added 23,823 ethereum tokens to its blockchain address, helping the company get closer to its goal of amassing 5% of the cryptocurrency’s total supply.

  • Cosmos Health Inc., which secured a $300 million financing facility to jumpstart a digital treasury reserve, announced on Friday that it acquired $500,000 worth of ethereum.

In other ethereum news, polygon, a blockchain network in the ethereum ecosystem, activated its upgrade focused on mainnet payments. The upgrade aims to make the network faster and more efficient through the use of a new block production architecture that enables roughly 5,000 transactions per second, according to a Wednesday blog post. Popular prediction markets platform Polymarket is built on polygon.

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US Attorney David Metcalf announced Thursday the arrests of Ruslan Igorevich Tkachuk and Alexander Vladimirovich Ledenev, alleged senior members of AudiA6, a cryptocurrency money-laundering service believed to be responsible for laundering over $389 million.

The arrests coincided with a coordinated international takedown of AudiA6 and its infrastructure, involving the search of three properties, the seizure of servers and domains connected to the organization, as well as freezing cryptocurrency assets, according to a Department of Justice press release.

Tkachuk and Ledenev were “charged by criminal complaint with one count of conspiracy to launder monetary instruments and one count of sting money laundering,” the DOJ said. If convicted, they face a maximum possible sentence of 20 years of incarceration.

Per the criminal complaint, AudiA6 offered services to conceal the origin of cryptocurrency linked to criminal activity, charging fees of up to 5% of the amount laundered.

The two defendants are in custody of Republic of Georgia authorities, and the US Attorney’s Office aims to seek their extradition to the Eastern District of Pennsylvania.

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Solana shoves all in on poker with new partnership

If you’ve got money locked up on-chain and an itch to gamble with it in a new way, has the World Series of Poker got good news for you. The WSOP announced it will integrate solana’s blockchain technology into the tournament through crypto payments firm MoonPay.

At its big summer event, players will have the option to buy into tournaments using crypto directly for the first time. In the WSOP’s Bahamas event in December, winners will be able to receive settlements in stablecoins on solana, reducing friction with international settlements.

“Solana’s ecosystem, like the WSOP, constantly challenges conventions and remains laser-focused on the consumer experience,” WSOP CEO Ty Stewart said in a statement. “Solana’s speed and efficiency mirror the fast-paced energy of our tournaments, and we are excited to showcase their technology to our global audience.”

The price of solana dipped slightly today, but has dropped more than 48% in 2026, data from CoinMarketCap shows.

Solana has been a popular network, in part from meme coin trading over the past two years, involving viral animal sensations as well as political figures such as President Donald Trump and first lady Melania Trump as well as Argentine President Javier Milei.

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Half of the bitcoin supply in circulation is underwater for the first time since 2022

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