CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Ethereum Foundation denies selling assets amid ETH’s climb past $3,000

11.07.2025
A A
0
118
VIEWS
ShareShare

Ethereum has surged past the $3,000 mark for the first time since February, riding on the renewed momentum sweeping across the broader crypto market.

According to CryptoSlate data, ETH’s price peaked at $3,033 during the last 24 hours amid a 9% increase. However, its value has slightly retraced to $2,991 as of press time.

This milestone follows Bitcoin’s explosive rally to a new all-time high above $118,000, which has sparked renewed interest in risk-on digital assets.

While this momentum has partially fueled Ethereum’s rise, the second-largest crypto is also backed by significant on-chain developments and investor activity.

What is fuelling ETH’s price rise?

On-chain data reveals that ETH reserves held on centralized exchanges have fallen to an all-time low of 18.59 million, reducing the available supply. At the same time, staked ETH has climbed to a record high of 29.91 million.

Ethereum Metrics
Ethereum Key Metrics (Source: X/Leon Waidmann)

Combined, these trends point toward a classic supply squeeze, where less circulating ETH and increased staking can amplify upward price pressure.

Meanwhile, Ethereum continues to solidify its role in digital asset infrastructure. In Q2 2025, Ethereum processed over $4 trillion in stablecoin transfer volume—an all-time high for the network.

Moreover, institutional demand is also rising, with Ethereum’s use in tokenization, crypto treasuries, and ETF flows helping to drive market confidence.

Considering this, crypto analyst Pentoshi said:

“[ETH] is still very early to this trade. I dont know if it will be today, tomorrow, or next month. But I think we are going to look back at what is right in front of your eyes and think. I can’t believe it was so obvious. The amount of capital starting to flow into eth, will lead to big moves. and all we have to do, is do nothing.”

Notably, Arthur Hayes, former CEO of BitMEX, is also bullish on Ethereum’s future. Hayes has predicted that ETH will outperform Bitcoin in the coming months, suggesting that a “monster alt season” is on the horizon.

Is the Ethereum Foundation selling ETH?

Amid ETH’s rally, a crypto wallet linked to the Ethereum Foundation (EF) has sparked controversy by selling $3.5 million worth of ETH.

According to Lookonchain, the wallet sold 1,210 ETH on July 10, executing multiple transactions at an average price of $2,890 per ETH.

Meanwhile, Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, clarified that the Foundation did not conduct the sale.

Instead, the sale was made by Argot Collective, a non-profit development organization that is a spin-off of the Ethereum Foundation.

The post Ethereum Foundation denies selling assets amid ETH’s climb past $3,000 appeared first on CryptoSlate.

Share9Tweet6ShareSharePin2

Related Posts

Will a Europe-US BTC reserve race actually happen?
Analysis

Will a Europe-US BTC reserve race actually happen?

03.10.2025
0

Swedish opposition MPs from the Sweden Democrats filed a parliamentary motion on Oct. 2, urging the government to explore a...

Read moreDetails
Why is Bitcoin near all-time highs? Everything that happened in crypto today

Why is Bitcoin near all-time highs? Everything that happened in crypto today

03.10.2025
$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

02.10.2025
Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts

Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts

02.10.2025
Why did the crypto market pump today? Everything that helped the leg-up

Why did the crypto market pump today? Everything that helped the leg-up

02.10.2025
Load More
Next Post
XXKK Exchange Secures CoinMarketCap Listing, Boosts Global Transparency

XXKK Exchange Secures CoinMarketCap Listing, Boosts Global Transparency

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Alabama Man Eric Council, Jr. Arrested For SEC SIM Swap Attack

Alabama Man Eric Council, Jr. Arrested For SEC SIM Swap Attack

12 months ago
Mt. Gox Trustee Announces Definitive Date For Bitcoin And BCH Repayments

Mt. Gox Trustee Announces Definitive Date For Bitcoin And BCH Repayments

1 year ago
Worldcoin controversy explained in latest Cointelegraph Report

Worldcoin controversy explained in latest Cointelegraph Report

2 years ago
Bitcoin Breaks Through $110,000, APT Miner Launches Limited-Time Rewards to Ignite Global Cloud Mining Craze

Bitcoin Breaks Through $110,000, APT Miner Launches Limited-Time Rewards to Ignite Global Cloud Mining Craze

4 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Will a Europe-US BTC reserve race actually happen?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

Why is Bitcoin near all-time highs? Everything that happened in crypto today

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

Trending

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York
All news

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
0

New York State Senator Liz Krueger has introduced a bill targeting crypto mining operations that consume large...

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

03.10.2025
Will a Europe-US BTC reserve race actually happen?

Will a Europe-US BTC reserve race actually happen?

03.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz