Ethereums – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Tue, 09 Sep 2025 07:27:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Ethereums – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Ethereum’s Holešky Testnet to Shut Down After Fusaka Launch https://earlybirdsinvest.com/ethereums-holesky-testnet-to-shut-down-after-fusaka-launch/ https://earlybirdsinvest.com/ethereums-holesky-testnet-to-shut-down-after-fusaka-launch/#respond Tue, 09 Sep 2025 07:27:39 +0000 https://earlybirdsinvest.com/ethereums-holesky-testnet-to-shut-down-after-fusaka-launch/

Ethereum’s
ETH


$4,356.86

main testing environment, known as Holešky, is approaching its final days.

The network will be shut down after it runs the upcoming Fusaka upgrade, which is expected to roll out in the second half of September.

The Ethereum Foundation confirmed that Holešky will stop receiving support from client developers, infrastructure providers, and testing teams two weeks after Fusaka is implemented.

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Launched in September 2023, Holešky was mainly used to test the staking system and validator setup. According to the foundation, it enabled many validators to test updates before they were deployed to the mainnet. These included changes like the Dencun and Pectra upgrades.

Hoodi is currently taking over Holešky’s role. It already supports the Pectra update and will be used for future changes, including Fusaka. All staking-related tools and infrastructure will be moved from Holešky to Hoodi.

For developers working on smart contracts or decentralized applications, the foundation recommends using Sepolia. This testnet will continue to be the preferred place for application testing while Hoodi handles validator and protocol development.

The upcoming Fusaka upgrade, also referred to as Fulu-Osaka, aims to improve how the network handles data by sharing the workload more evenly among validators.

VanEck CEO Jan van Eck recently shared his thoughts on Ethereum during an interview with Fox Business. What did he say? Read the full story.

]]> https://earlybirdsinvest.com/ethereums-holesky-testnet-to-shut-down-after-fusaka-launch/feed/ 0 57517 Hackers Drain WLFI Tokens Using Ethereum’s EIP-7702 Feature https://earlybirdsinvest.com/hackers-drain-wlfi-tokens-using-ethereums-eip-7702-feature/ https://earlybirdsinvest.com/hackers-drain-wlfi-tokens-using-ethereums-eip-7702-feature/#respond Mon, 08 Sep 2025 09:38:07 +0000 https://earlybirdsinvest.com/hackers-drain-wlfi-tokens-using-ethereums-eip-7702-feature/

A security flaw is being used by attackers to steal WLFI tokens from Ethereum
ETH


$4,269.41

wallets.

According to a September 1 post on X by SlowMist’s Yu Xian, criminals are taking advantage of a new Ethereum feature, EIP-7702, to pull funds from user wallets once they have been compromised.

Ethereum’s May upgrade introduced EIP-7702, which allows regular wallets to behave like smart contract wallets for a short time.

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Xian explained that attackers first gain control of a victim’s private key. After that, they set up a delegate contract on the wallet address. This contract gives the attacker the ability to approve and process transactions.

Once the wallet receives a deposit, such as WLFI tokens, it is only a matter of seconds before the funds are withdrawn to the attacker’s own wallet.

In one example reported on August 31, an X user claimed their friend’s WLFI tokens were stolen after they sent ETH into the wallet. Xian confirmed that this looked like the “Classic EIP-7702 phishing exploit”.

Xian also explained that even when users try to transfer remaining tokens from the compromised wallet, the gas fees can be rerouted to the attacker.

To reduce the damage, Xian recommended canceling or overwriting the delegate contract associated with EIP-7702. He also advised moving any remaining tokens to a secure wallet as soon as possible.

Recently, Anthropic warned that its chatbot, Claude, is being misused by bad actors to support online criminal activity. How? Read the full story.

]]> https://earlybirdsinvest.com/hackers-drain-wlfi-tokens-using-ethereums-eip-7702-feature/feed/ 0 57363 Grayscale’s new ETF targets income from Ethereum’s changing tides https://earlybirdsinvest.com/grayscales-new-etf-targets-income-from-ethereums-changing-tides/ https://earlybirdsinvest.com/grayscales-new-etf-targets-income-from-ethereums-changing-tides/#respond Fri, 05 Sep 2025 04:06:19 +0000 https://earlybirdsinvest.com/grayscales-new-etf-targets-income-from-ethereums-changing-tides/

Grayscale has introduced a new exchange-traded fund that aims to turn Ethereum’s price swings into regular income for investors.

The product, called the Grayscale Ethereum Covered Call ETF (ETCO), launched on Sept. 4 and distributes dividends every two weeks. The firm said ETCO uses a covered call strategy instead of holding ETH directly.

The firm stated that the fund tracks existing Ethereum exchange-traded products, including the Grayscale Ethereum Trust (ETHE) and the Ethereum Mini Trust (ETH), and writes call options on them to capture additional yield.

This structure allows investors to benefit from Ethereum’s volatility while adding an income stream to their portfolios.

Grayscale added:

“By writing call options near spot prices, ETCO prioritizes income generation, making it an income-first strategy that may appeal to investors seeking consistent cash flow and high-yield opportunities. The premiums collected through this approach can also help mitigate the impact of market declines, potentially reducing volatility during downturns.”

Krista Lynch, the company’s senior vice president for ETF capital markets, said the ETF is meant to complement existing ETH exposure rather than replace it. She emphasized that the product reflects Grayscale’s strategy of meeting different investor goals with tailored solutions.

At launch, ETCO reported a net asset value of $35.01 per share, with 40,000 shares outstanding and more than $1.4 million under management.

Ethereum ETF outflows

Grayscale’s new fund comes during a period of weakness for Ethereum-focused ETFs after strong inflows.

According to SoSo Value data, investors pulled $338.25 million from these products over three consecutive sessions, reversing momentum from August when funds saw $3.87 billion in inflows.

Notably, August ranked as the second-strongest of the year, following July’s record $5.43 billion.

Ethereum ETFs remain firmly positive this year despite the latest outflows, with nearly $30 billion in cumulative net inflows since they launched in 2024.

This resilience suggests that institutional demand for ETH exposure continues to grow, even as short-term sentiment shifts.

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]]> https://earlybirdsinvest.com/grayscales-new-etf-targets-income-from-ethereums-changing-tides/feed/ 0 56838 Ethereum’s $3M grassroot grant program suddenly paused as Foundation rethinks priorities https://earlybirdsinvest.com/ethereums-3m-grassroot-grant-program-suddenly-paused-as-foundation-rethinks-priorities/ https://earlybirdsinvest.com/ethereums-3m-grassroot-grant-program-suddenly-paused-as-foundation-rethinks-priorities/#respond Fri, 29 Aug 2025 17:44:51 +0000 https://earlybirdsinvest.com/ethereums-3m-grassroot-grant-program-suddenly-paused-as-foundation-rethinks-priorities/

The Ethereum Foundation has paused new grant applications to its Ecosystem Support Program (ESP) as it reconsiders how it funds builders and projects.

The pause, announced Aug. 29, comes as the Foundation restructures its approach to ecosystem development and looks to align its grantmaking with longer-term priorities.

A detailed roadmap outlining new funding priorities is expected in the fourth quarter of 2025.

While the open grants channel is temporarily paused, ESP will continue supporting existing grantees and funding public goods. The team also pledged to maintain Office Hours, where builders can receive guidance, feedback, or connections to non-financial resources.

Why the Ethereum Foundation is pausing grants

The organization said Ethereum’s rapid growth in size and complexity has created pressure to adapt its funding model. Instead of continuing with a system that reacts to grant requests as they come in, the Foundation wants ESP to shift toward proactively backing projects that address strategic needs.

This transition will ensure resources are deployed where they can have the most lasting impact on Ethereum’s usability and resilience.

It added:

“This change will enable us time to redesign in a way that redirects our focus toward strategic initiatives, moving from a reactive model to a more proactive one that also supports the priorities of other EF teams.”

Meanwhile, the Foundation emphasized that its values remain unchanged. These include funding open-source infrastructure, research, and developer tools; supporting community initiatives; and strengthening resources that benefit the wider Ethereum network.

Since its creation in 2018, ESP has evolved from a simple grants program into a broader initiative providing financial and non-financial backing for Ethereum builders.

In 2024 alone, it distributed nearly $3 million across 105 projects, spanning developer tooling, data analytics, education, research, and community events.

Some of the past beneficiaries include Commit-Boost, BundleBear, Web3Bridge, ZK Playbook, and the Ethereum Cypherpunk Congress.

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]]> https://earlybirdsinvest.com/ethereums-3m-grassroot-grant-program-suddenly-paused-as-foundation-rethinks-priorities/feed/ 0 55753 Ethereum’s Tech Edge Could Outshine Bitcoin — Here’s How https://earlybirdsinvest.com/ethereums-tech-edge-could-outshine-bitcoin-heres-how/ https://earlybirdsinvest.com/ethereums-tech-edge-could-outshine-bitcoin-heres-how/#respond Sun, 24 Aug 2025 07:42:24 +0000 https://earlybirdsinvest.com/ethereums-tech-edge-could-outshine-bitcoin-heres-how/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin may have established itself as the ultimate store of value, but Ethereum is quietly building the rails for the future of digital finance. This technological edge positions ETH not just as a competitor to BTC, but as the platform that could lead the next phase of the crypto revolution.

Many Developers Choose Ethereum Over Bitcoin

Bitcoin is powerful as a store of value, but Ethereum is where real technological innovation resides. According to BitDigital_BTBT’s post on X, Bitcoin can’t tokenize equities, issue stablecoins, or host complex decentralized applications, which is why companies like Robinhood are leaning on ETH to tokenize stocks. This is not a matter of preference, but because BTC simply lacks the capability.

The more developer activity that flows into ETH, the stronger and more resilient its network becomes. It is worth noting that this compounding effect is making waves, as some of the brightest engineers, builders, and innovators in crypto are zeroing in on ETH. 

Presently, institutions are following suit, and Blue-chip players from asset managers to fintech leaders are going all in on ETH because they recognize that it represents an infrastructure layer for the future of finance.

As companies are turning to ETH to tokenize stocks, crypto analyst BOB has revealed that liquid staking has hit a record of $86 billion in Total Value Locked (TVL) last week, a milestone that underscores the market’s growing interest in yield maximization. This shows only a tiny fraction of the contribution by BTC LSTs.

Currently, only 0.3% of the BTC supply is being used in DeFi, compared to Ethereum, where nearly 30% of its supply is staked and actively generating yield. This disparity represents an over 100x gap. At today’s prices, the analyst highlighted that this gap is equivalent to $750 billion opportunity for BTC. The infrastructure is only just emerging, and the new $86 million is just the warm-up.

Why Ethereum Matters Beyond Bitcoin

Ethereum just hit a new all-time high, its first in nearly four years, underscoring a renewed wave of momentum in the crypto markets. While being the second-largest cryptocurrency behind Bitcoin, analyst Holger Zschaepitz has noted that the growing adoption of stablecoins is fueling the ongoing ETH rally, the majority of which run on the Ethereum blockchain. This development is driving demand for network capacity and transaction fees.

Beyond its price action, Ethereum is now being considered as the backbone of the decentralized economy. With thousands of applications operating on its network, ETH has emerged as the crypto’s most important commercial platform and serves as the highway on which much of the emerging digital economy is built.

Ethereum
ETH trading at $4,719 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com

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]]> https://earlybirdsinvest.com/ethereums-tech-edge-could-outshine-bitcoin-heres-how/feed/ 0 54849 Crypto investor loses $1M in Uniswap scam exploiting Ethereum’s EIP-7702 https://earlybirdsinvest.com/crypto-investor-loses-1m-in-uniswap-scam-exploiting-ethereums-eip-7702/ https://earlybirdsinvest.com/crypto-investor-loses-1m-in-uniswap-scam-exploiting-ethereums-eip-7702/#respond Sun, 24 Aug 2025 02:31:35 +0000 https://earlybirdsinvest.com/crypto-investor-loses-1m-in-uniswap-scam-exploiting-ethereums-eip-7702/

A single phishing attack drained nearly $1 million worth of tokens from a crypto investor who unknowingly signed a batch of malicious transactions disguised as Uniswap swaps, according to blockchain security firm Scam Sniffer.

In an Aug. 22 post on X, Yu Xiang, founder of blockchain security firm SlowMist, noted that the incident involved five tokens siphoned through a transaction exploiting Ethereum’s new EIP-7702 mechanism.

He explained:

“From the perspective of a phished user, it goes like this: the user opens a phishing website, a wallet signature prompt pops up, the user clicks confirm, and with just that one action, all valuable assets in the wallet address vanish in a snap.”

EIP-7702 was introduced in the Pectra upgrade to streamline the Ethereum user experience. The feature allows a wallet to act like a temporary smart contract, making it possible to batch multiple transactions, enable gas sponsorship, or set spending limits in one step.

In principle, the delegation is revocable and network-specific. However, attackers have found ways to weaponize the feature in practice.

Crypto market maker Wintermute has warned that the standard’s implementation is being exploited at scale. Its June analysis showed that more than 90% of EIP-7702 delegations were linked to malicious contracts.

The firm pointed out that many of these contracts are simple copy-paste scripts that scan for vulnerable wallets and drain their holdings automatically.

Considering this, Scam Sniffer and Xiang urged crypto users to take extra care before signing wallet requests. They recommended verifying domain names, avoiding rushed confirmations, and rejecting signatures that seem unclear or overly broad.

They also stated that some of the red flags that could arise include requests for unlimited token approvals, contract upgrades under EIP-7702, or transaction simulations that do not match expectations.

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]]> https://earlybirdsinvest.com/crypto-investor-loses-1m-in-uniswap-scam-exploiting-ethereums-eip-7702/feed/ 0 54813 This could be Ethereum’s breakout moment https://earlybirdsinvest.com/this-could-be-ethereums-breakout-moment/ https://earlybirdsinvest.com/this-could-be-ethereums-breakout-moment/#respond Thu, 14 Aug 2025 03:11:32 +0000 https://earlybirdsinvest.com/this-could-be-ethereums-breakout-moment/

What a year it’s been for Circle, the issuer of USDC:

👉 They went public with a wildly successful IPO;

👉 Their revenue and reserve income increased 53% YoY to hit $658M;

👉 And USDC got a clearer legal framework in the US when the GENIUS Act was signed into law.

The latest? Circle is launching Arc, an open Layer-1 blockchain made specifically for stablecoin finance.

It’ll run on USDC as its native gas token, include a built-in FX engine for direct currency swaps, confirm transactions in under a second, offer optional privacy tools, and connect with Circle’s existing platform.

Sounds pretty sick, amirite?

But if you scroll through the top comments under the announcement post, you’ll notice that almost everyone is saying the same thing.

(And, spoiler alert: it’s not very positive).

So, what’s up? 🤨 Why are people side-eyeing Circle for building a new Layer-1 instead of launching an Ethereum Layer-2?

Quick breakdown:

Layer-1 = the main blockchain that processes and records transactions itself (like Bitcoin, Ethereum, Solana).

Layer-2 = a blockchain built on top of a Layer-1 to process transactions faster and cheaper, then send the receipts back to the main chain for security.

And the L2 suggestion keeps coming up because in recent years, most new blockchains have been Ethereum L2s. That’s ‘cuz they:

👉 Get to plug straight into Ethereum’s user base, liquidity, and developer tools;

👉 Inherit Ethereum’s proven safety;

👉 Can easily connect to the most active DeFi and NFT markets in the world.

For Circle specifically, an L2 might’ve seemed like the obvious choice – USDC already moves heavily on Ethereum, and an L2 launch would integrate with the wallets, exchanges, and dApps that already support both.

But they went like:

Britney Spears meme "No, thanks. I choose my own destiny"

Because by launching Arc as an L1, Circle gets what those L2s don’t: full control (over fees, upgrades, governance, and features – no need to wait for Ethereum’s approval).

The trade-off? Adoption.

Even with EVM compatibility – meaning Ethereum apps and tools can run on Arc with minimal changes – Circle still has to convince developers, exchanges, and users to actually use it, instead of sticking with the dozens of chains that already host USDC.

So, in short:

😃 It’s a smart decision if Circle wants long-term independence, more control, and a tailor-made home for stablecoin finance.

😬 But it’s risky if they can’t attract enough real usage quickly, because then Arc risks ending up as “yet another chain” in an already crowded market.

]]> https://earlybirdsinvest.com/this-could-be-ethereums-breakout-moment/feed/ 0 53089 Ethereum’s Next Stop: $5,210 or $6,946? Analyst Lays Out the Path https://earlybirdsinvest.com/ethereums-next-stop-5210-or-6946-analyst-lays-out-the-path/ https://earlybirdsinvest.com/ethereums-next-stop-5210-or-6946-analyst-lays-out-the-path/#respond Wed, 13 Aug 2025 01:09:59 +0000 https://earlybirdsinvest.com/ethereums-next-stop-5210-or-6946-analyst-lays-out-the-path/

Ethereum (ETH) has logged nearly 20% gains in the past week as it outperformed many crypto assets. After reclaiming the $4,200 price level for the first time since 2021, ETH has managed to stay above this level.

Beyond price action, on-chain data reveals a telling change in how the leading altcoin’s most dedicated holders are behaving.

From “Capitulation” To “Belief”

There has been a significant shift in sentiment among long-term Ethereum holders over the past four months. In fact, crypto analyst Ali Martinez found that this cohort of investors is moving from a phase of “capitulation” to one of “belief.”

Such a transformation means that investors who previously showed signs of surrender or likely selling at a loss or exiting positions amid market uncertainty are now demonstrating renewed confidence in ETH’s future trajectory.

Historically, transitions from capitulation to belief have coincided with the early stages of bullish cycles. This is because reduced selling pressure and stronger holding behavior can create a more favorable supply-demand dynamic for price appreciation.

With sentiment improving, the focus now shifts to ETH’s next major resistance levels.

Martinez has now identified $5,210 and $6,946 as Ethereum’s next potential price targets based on Pricing Bands, a technical tool used to project key resistance and support zones. These levels represent significant milestones that, if reached, could signal ETH’s progression into a new price discovery phase.

The $5,210 mark is likely to serve as the first major hurdle, where traders may anticipate increased profit-taking. However, a successful breakout could set the stage toward the higher $6,946 target.

Market sentiment isn’t the only thing improving. Ethereum’s fundamentals are also showing signs of strength.

New Smart Contracts Set Historic Record

CryptoQuant revealed that Ethereum’s 180-day moving average of new smart contracts has hit an all-time high this week.

This milestone points to strong, sustained developer engagement rather than a short-lived surge. The momentum comes three months after Ethereum’s 2025 Pectra upgrade, which has boosted scalability and slashed gas fees.

These improvements have fueled real-world adoption, as evidenced by DeFi platform Aave exceeding $10 billion in daily volume and NFT marketplace OpenSea processing over one million transactions daily.

Such heightened smart contract creation has often preceded ETH price rallies, which makes this trend a potential leading indicator for market performance. With record contract activity and enhanced network capabilities, Ethereum appears poised for a development-driven growth cycle.

“Ethereum’s developer economy is in overdrive, with Pectra acting as the ignition. Should this pace continue, the fundamentals point toward stronger activity and valuations in the coming months.”

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]]> https://earlybirdsinvest.com/ethereums-next-stop-5210-or-6946-analyst-lays-out-the-path/feed/ 0 52907 Asia Is Powering Ethereum’s Weekend Gains Amidst Signals of Altseason Breakout https://earlybirdsinvest.com/asia-is-powering-ethereums-weekend-gains-amidst-signals-of-altseason-breakout/ https://earlybirdsinvest.com/asia-is-powering-ethereums-weekend-gains-amidst-signals-of-altseason-breakout/#respond Mon, 21 Jul 2025 17:02:32 +0000 https://earlybirdsinvest.com/asia-is-powering-ethereums-weekend-gains-amidst-signals-of-altseason-breakout/

Ethereum climbed above $3,800 after recording a daily gain of nearly 3%. It extended a strong upward trend that has seen the altcoin rise over 55% in the past month. This momentum highlighted continued investor confidence, despite relatively low gas fees across the network.

Funding rates have moved into double digits, although they remain modest relative to the broader scale of futures positioning and Ethereum ETF inflows. Against this backdrop, Asia continues to lead altcoin performance in ETH.

Asia’s ETH Buying Spree

Matrixport revealed that data tracking ETH’s performance across trading sessions last week showed Asia’s influence becoming more pronounced, which is responsible for the sharp weekend rally. Beyond speculative flows and treasury adoption, an uptick in DeFi activity is also providing much-needed support to the cryptocurrency’s upward momentum.

Amid this supportive environment, experts highlighted the emerging signals that point towards a potential altcoin season taking shape. For instance, the associated indexes have crossed above 50, the highest since December.

ETH Perpetual Open Interest surged from under $18 billion to over $28 billion in a week, which is being driven by institutional demand. The recently signed GENIUS Act, which sets clearer stablecoin regulations, has also renewed interest in ETH and other Layer 1s among Corporate Treasuries.

Meanwhile, the anticipation of staked spot ETH ETF approvals is prompting further institutional rotation from Bitcoin to Ethereum. ETH’s market share has risen to 11.6% while BTC dominance slips, which could mean that a potential next leg for altcoin season is underway.

Critical Resistance Point for Altcoins

A similar sentiment was echoed by Swissblock’s data, which shows that 75% of altcoins are currently testing key resistance levels, a technical point where altcoin seasons either begin or fail. In weak altseasons, Bitcoin remains strong, which leads to only short-lived altcoin rallies with limited capital rotation into alts.

On the other hand, strong altseasons require significant capital flow. This is characterized by Bitcoin losing relative strength, its dominance dropping, and altcoins breaking out broadly across the market.

Swissblock noted that the market is at this decision point now. Bitcoin’s momentum is slowing, and early signs of capital rotation into altcoins have begun, which means the conditions for a potential strong altseason are forming if capital flow accelerates further.

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]]> https://earlybirdsinvest.com/asia-is-powering-ethereums-weekend-gains-amidst-signals-of-altseason-breakout/feed/ 0 48908 BitMine and SharpLink amass $1B stash amid Ethereum’s rising appeal as ‘digital oil’ https://earlybirdsinvest.com/bitmine-and-sharplink-amass-1b-stash-amid-ethereums-rising-appeal-as-digital-oil/ https://earlybirdsinvest.com/bitmine-and-sharplink-amass-1b-stash-amid-ethereums-rising-appeal-as-digital-oil/#respond Fri, 18 Jul 2025 05:41:19 +0000 https://earlybirdsinvest.com/bitmine-and-sharplink-amass-1b-stash-amid-ethereums-rising-appeal-as-digital-oil/

Ethereum-focused firms BitMine and SharpLink Gaming have each surpassed $1 billion in ETH holdings.

BitMine disclosed on July 17 that it now holds 300,657 ETH, valued at approximately $1.04 billion. The firm acquired its holdings at an average price of $3,461.89 per token.

Conversely, SharpLink Gaming has also expanded its Ethereum position, purchasing an additional $68.4 million worth of ETH.

Blockchain analysis platform Arkham Intelligence pointed out that this latest purchase, combined with ETH’s price appreciation, brings SharpLink’s total holdings to an estimated $1.10 billion, not including any staking rewards.

Meanwhile, separate data from the Strategic ETH Reserve places SharpLink’s wallet at 280,600 ETH, worth about $962.8 million at the time of the report.

Strategic Ethereum Reserve
Strategic Ethereum Reserve (Source: Strategic ETH Reserve)

According to Oblong Research, this wave of institutional purchases reflects a broader realization that Ethereum is not just a speculative asset but a foundational layer for the growing on-chain economy.

With roughly $237 billion in value secured on its network, ETH is increasingly viewed as “digital oil,”  a productive base asset that powers a wide range of decentralized applications.

Ethereum Capital Secured
Total Capital Secured on Ethereum (Source: Oblong Research)
]]> https://earlybirdsinvest.com/bitmine-and-sharplink-amass-1b-stash-amid-ethereums-rising-appeal-as-digital-oil/feed/ 0 48271