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Crypto

Ethereum network metrics rebound as fees and staking improve

Ethereum’s price lacked a clear direction last week, but on-chain indicators suggest early signs of a network recovery, an analysis said. Data showed Ethereum trading between $1,796 and the $1,950 range, while base-layer activity showed improvement. Fees rose over the past week after a prolonged lull, and new smart contract deployments were well above the 90-day average. Staking reached a record share of supply, while exchange balances fell and leverage indicators eased.

Crypto

BlackRock buys $81 million of bitcoin during slump, helping rebound

Bitcoin rebounded to around $64,300 after BlackRock shifted to large-scale buying, helping the price recover from a recent slump. U.Today reported that the decline intensified after Strategy disclosed a bitcoin sale worth about $216 million, sending bitcoin below the $62,641 intraday support level. Arkham data showed BlackRock absorbed selling via Coinbase Prime and spent more than $80 million buying in batches, while also adding 7,500 ether through its ETHA spot ETF.

Crypto

Binance weekly net outflows triple to $1.23 billion; Ethereum withdrawals highest in three years

Binance\'s weekly net outflows surged 207 percent from the previous week to $1.23 billion, with monthly net outflows tallied at about $3.2 billion, Cointelegraph reported. Ethereum withdrawals on Binance also rose to the highest level in more than three years, as daily transactions exceeded 166,000, CryptoQuant analyst Darkfost said. Ether and bitcoin prices rose over the same period. Other exchanges also saw net outflows, while some posted net inflows.