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Ethereum spot ETFs notch a record of almost $3 billion in inflows

BitMine Immersion Technologies announces scooping more ethereum, while BTCS Inc. to pay ethereum dividend to shareholders.

Sage D. Young

8/18/25 12:20PM

US spot ethereum ETFs racked up a new record high of $2.9 billion in inflows last week, extending their streak of positive flows to 14 consecutive weeks, data from SoSoValue shows.

Despite the inflows, the price of ethereum has dropped more than 5% in the last 24 hours to around the $4,300 level, a steeper drop than bitcoin and XRP, CoinGecko recorded. In the same period, over $190 million ethereum long positions were liquidated on nine trading platforms, including Binance and HyperLiquid, per CoinGlass.

#Ethereum’s rally once again stalled at the +1σ Active Realized Price (~$4.7K) - a level last breached in Mar ’24. This threshold has repeatedly acted as resistance in prior cycles, highlighting it as a key area of overheated conditions and selling pressure. pic.twitter.com/gG1jd7zKk6
— glassnode (@glassnode) August 18, 2025

The price action comes as a number of ethereum treasury firms made public statements Monday morning:

BitMine Immersion Technologies announced holding over 1.5 million ethereum tokens worth about $6.6 billion and said it’s the second-largest crypto treasury globally behind bitcoin mega-stockpiler Strategy.
The rebrand from 180 Life Sciences Corp. to ETHZilla is officially complete and the company is now trading under new ticker symbols, according to a press release, which added that ETHZilla has accumulated 94,675 ethereum tokens with an average acquisition price of $3,900, giving its total a value of $419 million. The firm, focused on becoming an “accumulation vehicle” for ethereum, has about $187 million in cash equivalents.
BTCS announced on X that it will pay shareholders a one-time blockchain dividend, which it called a “Bividend.” It will consist of $0.05 per share in ethereum tokens and an additional one-time $0.35 per share “ethereum loyalty payment to shareholders who move their shares to book entry with our transfer agent and hold them there through January 26, 2026,” to reward long-term shareholders.

Sage D. Young4/2/26

Solana drops to price not seen since February as Drift exploit rattles sentiment

Solana has historically seen its largest price declines on Thursdays, and today is no exemption as the crypto industry reels from the over $270 million exploit that occurred yesterday on Drift, a trading venue native to the solana blockchain.

The price of solana has decreased 5.5% to around $78, a level not seen since February, data from CoinGecko shows.

Drift was one of the largest protocols on the solana network by total value locked, which now sits at nearly $245 million. The total value locked on solana has shrunk by nearly $1 billion since the incident, per DefiLlama.

Exploit likely involved from social engineering

The attack, which has turned into a wider contagion event, is unsettling for those in the industry. It did not come from a bug in the protocol’s smart contracts or programs. “Humans remain the bottleneck,” Mert Mumtaz, cofounder and CEO of solana development firm Helius, said in response to the incident.

The exploit involved unauthorized transaction approvals likely facilitated through social engineering. The sophisticated operation “appears to have involved multi-week preparation and staged execution,” the team said on Thursday.

Omer Goldberg, founder of risk management firm Chaos Labs, added, “The DeFi [decentralized finance] ecosystem continues to grow in scale, but not in operational security.”

“Protocols now have custody of hundreds of millions in user funds while depending on admin key setups that would be considered unacceptable in TradFi for a fraction of that AUM [assets under management],” Goldberg wrote on X.

“Most hacks come down to the simple act of one clicking a link they shouldn’t have clicked. These are picking up in pace, be extra cautious clicking any link or file,” continued Helius’ Mumtaz.

Yaël Bizouati-Kennedy

4/2/26

Optimism around bitcoin’s trajectory is fading following Trump’s address, as whales continue to offload

Bitcoin has been stuck in a narrow range for the past few weeks, seemingly incapable of breaking in either direction.

People walk past an advertisement feature Donald Trump with...

$270M

Sage D. Young4/1/26

April 1 is known as a day for funny pranks. However, a popular trading venue on the solana blockchain, Drift, is suffering from an ongoing exploit today, on-chain data shows.

“Drift Protocol is experiencing an active attack. Deposits and withdrawals have been suspended. We are coordinating with multiple security firms, bridges, and exchanges to contain the incident. This is not an April Fools joke,” the team said on social media at 2:58 p.m. ET.

TheBlock reported the exploit is at least $200 million, while blockchain sleuth Lookonchain estimates the figure is $270 million. It could be even more. At this range, the Wednesday hack is among the largest ever, according to the exploits ranking dashboard from Rekt.

Drift’s exploit is concerning for those within the crypto industry. Solana treasury firm DeFi Development Corp. allocates a portion of its balance to on-chain strategies to generate yield, including Drift, though the firm announced it had no exposure to the protocol and “was not impacted by an alleged exploit affecting the platform,” per its press release.

Drift also provides to qualified users sACRED, a derivative token of a tokenized feeder fund that is linked to Apollo Global Management Inc.’s traditional Diversified Credit Fund.

Sage D. Young

4/1/26

Google Research: Quantum computers a “serious threat” to 6.7 million bitcoin, including Satoshi’s coins

“Their fast-clock architecture could crack a private key in 9 minutes, while bitcoin blocks take 10 minutes on average. That changes the threat model entirely.”