An ethereum whale who bought in during 2022 and 2023 capitulated on August 8, selling at a loss now exceeding $19 million, the same day a separate fresh wallet received $87.28 million in bitcoin from Galaxy Digital.
Galaxy Research has told its clients what it thinks about the proposals that Ethereum and Solana are both considering to reduce token issuance rates on their networks.
August 8, 2026, 10:17 pmSharpLink CEO Joseph Chalom has come out against EIP-8363. This Ethereum proposal would burn validator rewards as the staking ratio rises, warning that the change would weaken decentralized finance and erase ETH’s native yield advantage over Bitcoin (BTC). Joseph Chalom, a former BlackRock executive, laid out the opposition on Friday.
August 8, 2026, 7:04 pm
US-listed spot Bitcoin and Ethereum exchange-traded funds pulled in more than $1 billion in fresh cash this week, with both groups registering their strongest inflows since April as demand for regulated crypto investment products rebounded. Data from SoSoValue shows that spot Bitcoin ETFs attracted $853.54 million during the week ended Aug.
Ethereum and Solana's supply changes could reshape their economic models, impacting staking incentives and long-term token scarcity.
Crypto’s favorite buy-the-dip strategy failed to make money for Ethereum and Cardano investors who stuck with it since the start of 2022. An investor who placed $100 into Ethereum every month from January 2022 through August 2026 would have contributed $5,600 but ended up with about $4,898, a 12.5% loss, CryptoRank data showed.
BitMart's closure highlights the vulnerability of exchange-dependent tokens and the urgency for users to secure assets amid operational wind-downs.
Bloomberg analyst Eric Balchunas tied the run to the Coldcard wallet exploit, noting several Bitcoin funds have drawn inflows daily since the hack.
Whale conviction returned, but capitulation has not fully left Ethereum’s market.
The attacker who drained Aztec’s deprecated Connect rollup in June has now sent another 300 ETH to Tornado Cash, bringing the total moved to the mixer to 500 ETH, according to blockchain security firm PeckShield. The importance of the transfer lies not simply in magnitude, but also in speed.
Institutional preference for Ethereum ETFs over direct token purchases highlights a shift towards regulated, compliant investment vehicles.
The strong inflows into Bitcoin and Ethereum ETFs highlight a growing investor preference, potentially sidelining smaller crypto assets.
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