ETH rose over 8% in a single day on August 13, reaching a high of $4,676 (only 5.53% lower than the historical high of $4,878 in 2021), confirming the breakout of the cup and handle pattern neckline at $4,350, and holding above $4,600, forming a short-term upward channel. Core factors: 1. Addresses holding 10,000–100,000 ETH, known as “whales,” increased their holdings by over 345,000 ETH (approximately $1.55 billion) in 10 days, while the exchange's ETH inventory dropped to a 4-year low (13.2M ETH), exacerbating supply tightening. 2. Anticipation of a spot ETF (SEC accelerating approvals) and the CFTC reaffirming ETH as a “commodity,” eliminating regulatory uncertainty and attracting institutional capital inflow. 3. A wave of short liquidations: triggered $110 million in short liquidations in one hour when breaking $4,200, accelerating the rise. The formal approval of the ETF could double the scale of institutional funds, breaking $4,600 is the result of the resonance of “institutional accumulation + technical breakout + regulatory benefits,” and in the short term, it is expected to test $4,800–$5,000, but caution is needed for overbought corrections and ecological competition differentiation. In the medium term, $5,600 is the core technical target, while $12,000 will depend on sustained capital inflows and monopolistic advantages in ecology.
The recent phenomenon of institutions significantly increasing their holdings in Ethereum (ETH) is driven by multiple factors, including the advantages of Ethereum's own ecosystem development, as well as the influence of the macro environment and industry trends. Below is an in-depth analysis of this phenomenon: 1. The Irreplaceability of the Ethereum Ecosystem Leading Position in Smart Contracts: As the earliest smart contract platform, Ethereum hosts core sectors like DeFi (Decentralized Finance), NFT, GameFi, etc. By 2024, Ethereum's total value locked (TVL) on-chain will exceed 50%, far surpassing competitors (such as Solana, BNB Chain).
As part of Binance’s Pizza Day celebrations, Binance Square is pleased to introduce a new promotion where users can complete simple tasks to unlock a share of 6,000 USDC token vouchers.
Activity Period: 2025-05-15 12:00 (UTC) to 2025-05-28 23:59 (UTC)
Promotion A: New Square Users Only - Complete Tasks to Unlock 50 Binance Points and Share 5,000 USDC in Token Vouchers
New Square users can unlock 50 Binance Points and a share of 5,000 USDC when they create their first post on Binance Square!
Eligible users who have never created a post on Binance Square before 2025-05-15 12:00 (UTC) can participate in this Promotion to equally share 5,000 USDC token vouchers, capped at 5 USDC per participant.
- Set up your Square profile (i.e., bio, username, profile picture) - Follow 5 creators and gain 5 followers - Comment, like, and share 5 posts on Square - Create your first post on Square to claim 50 points in the Task Center
Promotion B: All Square Users - Create a Post with #BinancePizza to Share 1,000 USDC
In the spirit of Bitcoin Pizza Day, where we celebrate the first-ever real-world transaction in crypto, users may create a post on Binance Square with the hashtag #BinancePizza and the trade sharing widget to share with us any trade you make during the Activity Period.
All eligible users who create an eligible post will share the 1,000 USDC token voucher rewards pool equally, capped at 5 USDC in token voucher per participant.
Only Square posts that contain at least 100 characters and have at least 5 engagements (including likes, shares, comments, and reposts), will count as eligible posts in Promotion A and/or Promotion B.
- This Activity may not be available in your region. - Token vouchers will be distributed within 21 working days after the Activity ends. - Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Community Management Guidelines or Community Platform Terms and Conditions
Total liquidation across the network reached 470 million USD in the past 24 hours
According to Foresight News, data from Coinglass shows that the total liquidation amount across the network in the past 24 hours reached 470 million USD. Among them, long positions liquidated amounted to 361 million USD, and short positions liquidated amounted to 110 million USD. The liquidation amount for Bitcoin was 75.11 million USD, and for Ethereum, it was 115 million USD.
Starknet achieves 'Phase 1' decentralization, ZK-rollup locked value leads
The Ethereum layer-2 scaling platform Starknet has achieved a decentralization milestone proposed by Ethereum co-founder Vitalik Buterin, becoming the zero-knowledge rollup (ZK-rollup) network with the largest total locked value.
Starknet stated in a press release shared with Cointelegraph that it has achieved 'Phase 1' decentralization, based on the framework proposed by Buterin in 2022, which means the network operates under limited oversight or a 'training wheel' scenario.
Starknet added that this framework is the 'gold standard on-chain tool' for analyzing Ethereum scaling solutions, achieving this milestone through changes such as establishing a security committee and avoiding censorship mechanisms.
Golden Finance reports that, according to official data, as of May 15, the Bitcoin spot ETF (IBIT) under BlackRock has a Bitcoin scale of approximately $64.697 billion, exceeding Strategy's current position size of approximately $59.146 billion.
Crypto gaming enthusiasm declines in April, overall ecosystem healthier: DappRadar
According to blockchain analytics platform DappRadar, despite the decline in user activity in blockchain games in April and a slowdown in funding, the overall ecosystem is healthier and more mature.
User activity declined by 10%, and the number of daily active wallets in blockchain games reached a low point in 2025, with only 4.8 million. DappRadar analyst Sara Gherghelas pointed out in the report.
The dominant position of games in the decentralized application sector has also declined to 21%, on par with decentralized finance.
Gherghelas stated that although user attention has shifted away from games, new infrastructure has launched, major publishers are reinvesting, and high-quality games are about to be released.
Personally tested 17 times for large withdrawals! From 3 card freezes to 0 risk control, I summarized 5 iron rules for cryptocurrency withdrawals.
I. First, let’s get to the point: The ‘3 soul search questions’ the bank asks when investigating funds recently blew up the community: ‘If I withdraw 5 million from the cryptocurrency world, will the bank treat me as a money launderer?’ As someone who has experienced 3 card freezes and successfully withdrawn funds 17 times, I tell you the truth: the bank's review of digital currency funds is essentially a ‘risk level scan’—the more your fund path resembles ‘black money’, the higher the chance of triggering risk control. II. My 3 ‘bloody lessons’: from being interviewed by the bank for 4 hours to freezing the card for 72 hours. ❶ First time: 2017 ‘naively withdrawing funds’ pitfall record.