KelpDAO's liquid restaking token, rsETH, has become the center of a major DeFi recovery effort after a hack estimated at roughly $290 million. The latest development came on Thursday, when Lido Finance unveiled a proposal aimed at supporting Aave's (AAVE) coordinated response to the rsETH shortfall.
Ethereum has surged roughly 36% from its recent accumulation zone, pushing the price into a critical area where momentum often gets tested. With key resistance now in play and signs of hesitation emerging, the market is approaching a decisive moment that could determine whether the rally continues or a pullback unfolds.
Bitmine moves $320M in ETH to staking, lifting over 70% of holdings into yield-generating positions via Coinbase Prime.
Ethereum has been grinding below $2,400 for weeks, testing the patience of holders who have watched the recovery build slowly, but without the decisive breakout, the price structure seemed to be setting up. That breakout may have just arrived.
Ethereum experiences an explosion of buying pressure on derivatives, with a 72% increase in aggressive traders. Investors now target $2,600, a key liquidity zone.
Renowned crypto investment firm BitMine has continued to double down on both its Ethereum accumulation strategy and the staking of its holdings.
Bitmine, the Ethereum treasury firm led by Tom Lee, founder of Fundstrat, acquired 101,627 ETH valued at approximately $233 million through institutional custodian BitGo, marking its largest weekly purchase of 2026.
Ethereum holds firm above $2,300 while Bitcoin leads the rally. Technical analysis suggests a potential ETH coin breakout toward $2,500 in the coming days.
The “store of value” debate has been a binary contest between the ancient luster of gold and the digital scarcity of Bitcoin.
A significant security breach at KelpDAO has resulted in the exploiter quickly transforming stolen Ethereum holdings into Bitcoin using cross-chain swap mechanisms. The perpetrator transferred 75,700 ETH in a matter of days, with laundering operations substantially diminishing the likelihood of fund retrieval.
Tom Lee backed a report projecting Ethereum at $250,000, citing staking yield, network utility, and Proof-of-Stake security.
On-chain data shows retail profit-taking on Binance clashing with whale resilience near $2,429.