Arbitrum has moved to lock down a large portion of funds tied to the Kelp DAO exploit, stepping in as the fallout from the cross-chain breach continues to spread.
Arbitrum's Security Council has frozen 30,766 ETH on Arbitrum One tied to the recent KelpDAO exploit.
Buried in Bitmine Immersion Technologies' latest disclosure is a number that speaks to just how deep the company has gone on Ethereum. Of the nearly 5 million ETH it now holds, 3.33 million is actively staked through its validator platform, generating more than $200 million in annualized staking revenue.
The Arbitrum Security Council said the frozen funds will only be moved by further action through Arbitrum governance.
Ethereum is trying to hold above $2,300 as the market navigates another stretch of volatility and uncertainty. The price action remains hesitant, caught between buyers looking for a reason to commit and sellers who have defined this cycle's derivatives landscape more aggressively than almost any previous period.
Ethereum price started a recovery wave from the $2,250 zone. ETH is now consolidating and might fail to extend gains above the $2,360 resistance.
OCBC Bank is reportedly planning to launch physical gold fund tokens on both Ethereum and Solana, a move that would position one of Southeast Asia's largest banks at the intersection of traditional precious metals investing and multi-chain blockchain infrastructure.
Ethereum (ETH) is approaching a decisive moment that could define its midterm price direction. After an extended downtrend, ETH has started to show signs of recovery, gradually climbing from recent lows while forming a pattern of higher lows.
Ethereum shows a bullish SuperTrend flip while holding long term support, keeping the broader recovery and $8,000 target in view.
Bitmine bought 101,627 ETH, lifting holdings near 5M ETH worth $11.5B, with 3.3M ETH staked at a 2.88% annualized yield.
Ethereum is testing $2,416 after a near 10% jump, but weak volume clouds the breakout. A close above could open the door to $2,450-$2,600.
Ethereum derivatives experienced two synchronized liquidation waves in April, driven mainly by long position unwinds across major exchanges. Open interest dropped sharply on Gate.io (-$840M) and Binance (-$205M) during peak pressure. Despite volatility, funding rates and taker ratio recovered to neutral levels, showing the market absorbed leverage efficiently without structural breakdown.