Ethereum
Why Ethereum is up 2.0% in the last hour
Analysis
Ethereum (ETH) rose about 2% over the past hour as traders digested mixed but ETH-specific headlines. Market participants appeared to look past reports of BlackRock-linked ETF outflows that included BTC and ETH, while focusing more on Ethereum ecosystem developments like the Ethereum Foundation leadership change (Tomasz Stańczak stepping down as co-director).
Contributing Factors (3)
$257 Million in Bitcoin and Ethereum Sold by BlackRock
BlackRock has sent another $257 million in BTC and ETH to Coinbase amid market rebound.
Ethereum Foundation Leadership Update: Co-Director Tomasz Stańczak to Step Down
Tomasz Stańczak to exit Ethereum Foundation this month. After leading operational reforms, he pivots to AI and protocol work as Bastian Aue and Hsiao-Wei Wang take over.
Wallet tied to $200M Mixin Network hack moves ETH after over two years of dormancy: onchain data
Over two years after stealing $200 million from Mixin Network, an onchain hacker has deposited illict funds on Tornado Cash and sold ETH.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.