Ethereum

Arbitrum has put forward a governance proposal to extend funding for the Arbitrum Foundation through 2027, requesting $16 million in RWAs and stablecoins, 1,740 ETH, and 230 million ARB. Market participants estimate the package is worth roughly $43 million at current prices, while the filing lists 2025 gross profit at about $23.49 million and highlights ongoing growth in activity and assets on the network.

On May 29, Strategy transferred 411.48 BTC to Coinbase Prime as Polymarket pricing showed 84% odds it sells Bitcoin by Dec. 31, 2026. Standard Chartered compared Ethereum’s setup to Amazon’s post-2001 trajectory and reiterated targets of $4,000 by end-2026 and $40,000 by end-2030. Separate updates included a two-hour Sui mainnet stall on May 28 and a report that the SEC granted Paxos approval to clear and settle securities trades.

Hong Kong plans to amend its Stamp Duty rules so trades executed via the RMB counter of dual-counter securities can pay stamp duty directly in renminbi, with the bill scheduled for a first reading on June 10, 2026. The change is positioned to support offshore RMB liquidity and could gradually encourage more RMB-denominated ETF activity, including spot Bitcoin and Ether ETFs listed on HKEX.

Bit Digital said it purchased about 8,568 ETH for $20 million on May 11, 2026, lifting its ethereum holdings to roughly 158,461.75 ETH. The Nasdaq-listed firm said the transaction aligns with a longer-term plan focused on disciplined ETH accumulation alongside AI infrastructure and potential acquisitions.

Vitalik Buterin says DeepSeek V4 could support Ethereum’s privacy goals by enabling locally run AI models within a CROPS-based access layer. He argues that local setups can reduce exposure of metadata, IP addresses, and wallet balances to centralized RPC providers, and points to ZK-based paid remote LLM calls and private RPC reads as overlapping needs. Buterin also highlights hardware notes such as a 2-bit quantized DeepSeek V4 using 90GB of memory and recommends at least 96GB-128GB of Unified Memory or VRAM for running it locally.

Finbold screened cryptocurrencies with market caps above $8 billion, excluding stablecoins, and published a top-10 list dated May 28, 2026. The ranking highlights large networks and tokens tied to institutional participation or broad real-world usage, with BTC around $73,150 and ETH near $2,008 at the time of reporting.

Ethereum fell below the $2,000 level over the past 48 hours as broader crypto markets weakened. Despite the drop, Standard Chartered's digital assets research head Geoff Kendrick reiterated the bank's long-term targets, including $4,000 by end-2026 and $40,000 by end-2030. He pointed to stablecoin and tokenized-asset activity on Ethereum as key metrics that the bank says continue to improve even while price lags.

Ethereum (ETH) fell below $2,000 for the first time in nearly two months, prompting a surge of "buy the dip" chatter that Santiment says can be a bearish signal. ETH was around $1,975 at the time of writing, down nearly 5% in 24 hours and almost 8% over seven days, while CoinGlass data shows about $241 million in ETH liquidations over the past day.

Bitcoin traded at $72,847.51 on Thursday, falling below $73,000 as US-Iran tensions fueled a broad risk-off move across markets. The total crypto market cap dropped from $2.54 trillion to $2.45 trillion, alongside more than $800 million in combined Bitcoin and Ethereum ETF outflows. Analysts highlighted $74,000 as near-term resistance, with key support discussed around $70,500–$71,000.

Bitcoin fell 3.2% to $72,800 on May 28, 2026, while Ethereum dropped more than 4.4% to $1,975, as broader crypto markets sank nearly 3% with over $80 billion erased. In the past 24 hours, about 165,000 traders were liquidated for $928 million, with 93% tied to long positions. Risk sentiment also weakened after reports of renewed US military strikes on Iran late Wednesday.