Ethereum Outflows Prompt $15.81 Million BlackRock Transfer to Coinbase Prime

The post Why former Bank of America strategist sees an Ethereum ‘tactical bottom’ appeared on BitcoinEthereumNews.com. Stephen Suttmeier, former Head of Technical Strategy at Bank of America, believes Ethereum could be forming a “tactical bottom.” In his recent analysis report, Suttmeier said that if the price stays above $1690-$1700, it would support his thesis of the altcoin forming a tactical low above its June lows. Another confirmation for this bottoming pattern would be a reclaim of $1800. His projection was based on technical analysis, particularly using moving averages (MA) to gauge short- and long-term momentum shifts. As of press time, the Ethereum [ETH] price has briefly stalled below the 50-day MA (DMA).  Should the 50DMA be decisively reclaimed as support (ETH price above $1800), the next upside target would be the 200-day MA(blue line) at $2.2K, Suttmeier added. That would imply a 25% upside potential if the $2.1K obstacle is cleared.  Source: ETH/USDT, TradingView  In fa

The post Specter Flags CodexField as a Potential $85M Rug Pull appeared on BitcoinEthereumNews.com. On-chain investigator Specter flagged CodexField as a potential rug pull tied to $85M in activity.  Specter traced $17.3M moving from TRON to Ethereum, with $10.8M still linked to tracked wallets.  BNB Chain previously promoted CodexField after its 2023 Hackvolution hackathon win. On-chain sleuth Specter has flagged CodexField as a potential rug pull after tracing more than $85 million in project-linked activity across blockchains. The alert followed the movement of $17.3 million in USDT from TRON toward Ethereum before conversion into DAI through Bitget Swap on Polygon. Specter said $6.5 million had already moved, while another $10.8 million remained linked to the tracked wallets. Cross-Chain Transfers Put Project Wallets Under Scrutiny According to the investigation, the funds originated from Ethereum about six months earlier via a wallet linked to the project’s deposit contract. The a

The post Ripple Cuts RLUSD Ethereum Supply to $692 Million appeared on BitcoinEthereumNews.com. According to recent data from Ripple Stablecoin Tracker, Ripple USD (RLUSD) supply on the Ethereum network has shrunk to about $692 million as Ripple continues to adjust the stablecoin’s circulating supply through token burns. At the start of July, RLUSD supply on Ethereum was above $727 million; now this figure has decreased, with millions in Ripple USD burned on the Ethereum network in the last seven days. $115.4 million was burned on the Ethereum blockchain in the last seven days as seen on the Ripple Stablecoin Tracker website, while $49.3 million was minted in the same timeframe. On July 29 alone, $25.9 million was burned on the Ethereum blockchain while $6.2 million in RLUSD was minted. ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy The last 30 days saw significa

The post Crypto ETFs Bleed $148M As Bitcoin ETF Demand Cracks appeared on BitcoinEthereumNews.com. Key Insights: Crypto ETFs saw broad outflows across major funds. Bitcoin ETF selling led the risk-off session. Ethereum ETF demand lost its short inflow streak. Crypto ETFs recorded broad redemptions on July 9, as U.S. spot products lost investor demand. Bitcoin funds led the pullback, while Ethereum products ended their recent inflow run. The outflows showed weaker risk appetite across listed digital asset products. The move also followed a poor quarter for crypto assets, based on Bitwise market data. Crypto ETFs Face Broad Outflows Wu Blockchain reported that U.S. spot Bitcoin ETFs recorded $95.30 million in net outflows. Spot Ethereum ETFs saw $52.08 million leave the market, ending a five-day inflow streak.’ Source: Wu Blockchain/X Crypto Patel data showed total U.S. spot crypto ETF outflows near $147.85 million. Bitcoin ETFs sold about 1,508 BTC, led by redemptions at Fidelity and AR

The post Founders Debate Ethereum L2 Value After Robinhood Chain Launch appeared on BitcoinEthereumNews.com. Ethereum L2 debate returns as Robinhood launches an ETH-denominated Layer-2 network. Founders debate whether Layer-2s strengthen Ethereum or shift activity from its base layer.  Leighton Cusack said Ethereum’s value comes from ETH adoption, liquidity, and asset issuance. The role of Ethereum in the Layer-2 ecosystem is back in focus after the launch of Robinhood’s Ethereum-denominated Layer-2 network.  World Network co-founder Leighton Cusack argued that recent bullish developments are being framed as negatives because of weak market sentiment. Cusack said Ethereum has been “so abused for the last two years” that even positive news, like Robinhood launching an ETH-denominated L2, is being portrayed negatively. “Narratives follow price,” he added. L2s and Ethereum’s Value Capture In response, Multicoin Capital managing partner Kyle Samani repeated his long-held view that Layer-2

The concentration of Ethereum nodes in the US and reliance on few cloud providers pose risks to network security and could impact price stability. The post Cambridge research reveals 31% of Ethereum node activity concentrated in the US appeared first on Crypto Briefing.

The post Ethereum ETF Moves Raise Eyebrows as BlackRock Transfers 8,700 ETH appeared on BitcoinEthereumNews.com. BlackRock, a prominent asset management firm, recently moved 8,700 ETH, equating to around $15.81 million, to Coinbase Prime. This transfer is significant within the blockchain community as it coincides with growing outflows from BlackRock’s Ethereum ETF, ETHA. Continue Reading:Ethereum ETF Moves Raise Eyebrows as BlackRock Transfers 8,700 ETH Source: https://en.bitcoinhaber.net/ethereum-etf-moves-raise-eyebrows-as-blackrock-transfers-8700-eth

The post Ethereum Deploys AI Security Agents to Hunt Bugs, Discovers Critical Networking Flaw appeared on BitcoinEthereumNews.com. Ethereum Foundation used coordinated AI agents to identify a real protocol vulnerability. Validating AI-generated bug reports now takes more effort than finding vulnerabilities. The Foundation runs multiple AI agents with specialized roles, as per a July 9 blog post. The Ethereum Foundation has revealed that its Protocol Security team is using coordinated AI agents to audit Ethereum’s core infrastructure, finding real software vulnerabilities while adding that human verification remains the most important part of the process. In a technical blog published on July 9, the Foundation said the AI agents are being deployed against systems software, cryptographic libraries and smart contracts that support Ethereum’s protocol. One confirmed discovery was a remotely triggerable panic in libp2p’s Gossipsub networking component, which is used by Ethereum consensus cl