Breaking News
hey everyone, here’s what’s going down in the crypto world—nothing too flashy, just the numbers:
BlackRock moved a huge chunk of Ethereum—around 101,975 ETH (about $372 million)—into Coinbase Prime in a single day. That kind of dump hasn’t happened before and shook things up fast. The ETH price slipped as a result.
Meanwhile, Ethereum’s transaction activity is going off the charts—monthly volume hit $238 billion in July, marking a one-year high and a 70% jump month-over-month. At the same time, fees and general network revenue have actually plunged—even though usage is surging. Monthly net income is super low compared to its glory days.
Staking is booming big time too. Over 36 million ETH is staked now—about 30% of the total supply. And just in early June, 500,000 ETH (worth roughly $1.8 billion) went into staking.
And here’s the kicker: BlackRock’s Bitcoin holdings aren’t dropping—they’re holding steady or even rising. It’s just Ethereum that’s seeing this sharp 2–3 day drop in balance.
So here’s the breakdown:
Ethereum’s usage is climbing hard—transactions and staking are rising—but revenue from fees is dropping big time. On-chain activity is booming, yet earnings from that activity are lagging. Meanwhile, BlackRock's ETH stash is shrinking fast, while their Bitcoin stash stays strong. It’s a little nerve-wracking, not gonna lie.
