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Sharplink said it received 449 ETH in staking rewards this week, bringing its cumulative staking rewards to 22,991 ETH to date. According to Foresight News, the update was shared in a statement posted by Sharplink.

Santiment's monitoring data reveals that the supply of Bitcoin and Ethereum on centralized exchanges is approaching all-time lows simultaneously. Bitcoin's exchange supply has fallen to its lowest level since 2017. Ethereum's has dropped to its lowest since 2015. Both readings arrive in the context of a market that has been absorbing record ETF outflows, Strategy's Bitcoin sales, and macro headwinds from Iran ceasefire collapse and rising JGB yields — making the supply withdrawal from exchanges one of the most structurally significant on-chain signals of the current correction.
What Exchange Supply Measures and Why It Matters
Exchange supply tracks the total amount of Bitcoin and Ethereum held in wallets controlled by centralized trading platforms — the coins that are immediately available for sale. When exchange supply falls, it means holders are withdrawing their coins to self-custody wallets rather than keeping them on exchanges where they can be sold instantly. The inverse is also true: when exchange supply rises, it signals increased willingness to sell as holders move coins into the position to transact.
Bitcoin's exchange supply at its lowest since 2017 means the amount of Bitcoin sitting on exchanges and available for immediate sale is smaller than at any point in the past nine years — a period that includes the 2018 bear market bottom, the March 2020 COVID crash, the 2021 bull market peak, the 2022 FTX collapse bottom, and the entire 2024-2025 bull market. The historical context is extreme: every major bull market top in that nine-year period was accompanied by more exchange supply than exists today. Every major bear market bottom was accompanied by more exchange supply than exists today.
Ethereum's exchange supply at its lowest since 2015 extends that observation even further — to a period before Ethereum had any meaningful exchange infrastructure, before DeFi existed, and before institutional Ethereum adoption was a concept rather than a reality.
The Supply Squeeze Mechanism
The structural implication of minimal exchange supply is a supply squeeze dynamic that amplifies the price impact of any demand recovery. When exchange supply is high, institutional sellers and leveraged traders can meet any increase in demand with readily available coin inventory, absorbing buying pressure and limiting price appreciation. When exchange supply is at nine-year and eleven-year lows respectively, any meaningful increase in demand must be met by convincing current holders to part with coins they have deliberately moved off exchanges and into self-custody — a population that has demonstrated through their behavior that they have high conviction in holding rather than selling.
This dynamic is precisely what Glassnode's Accumulation Trend Score at its maximum reading of 1.0 and the record 79% long-term holder supply share have been measuring from a different angle: the market's supply is increasingly concentrated in the hands of holders who have removed it from the immediate selling pool. Santiment's exchange supply data provides the most direct measurement of that same phenomenon — the coins that could be sold easily are at a nine-year low for Bitcoin and an eleven-year low for Ethereum.
The Timing — Historic Low Supply Meeting a Macro Inflection Point
The confluence of historic exchange supply lows with the current macro inflection point is the most important element of Santiment's data. Bitcoin and Ethereum exchange supply have been declining throughout the first half of 2026 — the same period during which ETF outflows reached a record $4.06 billion in June, the Sharpe ratio hit its lowest since 2022, and the realized P&L ratio touched a 43-month low. The coins leaving exchanges were not going to panic sellers — they were going to accumulators who are now holding in self-custody at a loss, unwilling to sell despite the correction.
When the macro environment eventually provides the catalyst that brings demand back — whether through July 14's CPI print, the FOMC minutes, or the Iran situation stabilizing — the demand will meet a supply environment where the immediately available selling inventory is at historic lows. The combination of recovering demand and minimal available supply is the mechanism that has produced Bitcoin's most explosive recovery periods in prior cycles.
The Counter-Narrative Risk
The historic exchange supply lows do not eliminate the near-term risks that are currently pressing on Bitcoin's price. Oil's 5% surge following the Iran ceasefire collapse, Wednesday's FOMC minutes carrying hawkish risk per Marex's "the pin" warning, and consumer inflation expectations rising to 3.7% per the NY Fed survey are all immediate headwinds that supply dynamics cannot override in the short term. Supply squeezes create the conditions for explosive recoveries — they do not by themselves trigger them.
What the Santiment data confirms is that the structural foundation beneath Bitcoin and Ethereum has been building throughout the correction in a way that is historically consistent with the later stages of a bear market that Axel Adler and CryptoQuant have been documenting. The least exchange supply in nine years for Bitcoin and eleven years for Ethereum is the structural setup. The macro catalyst to ignite it remains the variable.

Justin Sun has increased his staking position on Lido Finance, with monitoring data indicating the holdings now total 247,400 stETH.
According to Foresight News, Onchain Lens reported that Sun staked 13,000 ETH about 23 hours ago, bringing his total staked amount on Lido to 247,400 stETH.
The report said the position has generated 11,300 stETH in returns since February 2023. It also estimated that Sun could earn about $9.5 million per year from staking through Lido Finance.

Cardano (ADA) founder Charles Hoskinson accused Ethereum of copying Cardano’s Extended Unspent Transaction Output (EUTXO) model after an Ethereum research proposal on “one-shot” payment objects. According to BeInCrypto, Ethereum Foundation researcher Toni Wahrstätter published a design this week that would avoid permanent state entries for most simple payments by proving them from history and keeping only a spent marker in state.
Wahrstätter said the approach could cut permanent state for payment workloads by roughly 99.8% and builds on the Frame Transactions standard EIP-8141, crediting Vitalik Buterin for raising the topic as he promotes a Lean Ethereum roadmap. Hoskinson said mentioning Cardano is taboo in Ethereum circles.

Lookonchain reported that Bitmine purchased $70 million worth of Ethereum on Tuesday, adding 40,000 ETH across two wallet addresses. According to NS3.AI, Bitmine has not officially confirmed the reported purchase.
On Monday, Bitmine disclosed that it acquired 42,197 ETH last week, bringing its total holdings to 5.74 million tokens.

Bitcoin and Ethereum supplies held on cryptocurrency exchanges are nearing record lows, according to Santiment monitoring.
According to NS3.AI, Bitcoin’s exchange supply has dropped to its lowest level since 2017, while Ethereum’s exchange supply has declined to its lowest level since 2015.
The update indicates a continued reduction in the amount of BTC and ETH available on exchanges based on Santiment’s tracking.

Ethereum Institutional, an Ethereum-focused nonprofit organization, has announced it is hiring to form a core team.
According to Foresight News, the organization’s recruitment over the next few weeks will focus on institutional go-to-market (GTM) expansion in major financial centers, as well as marketing and community events, and technical roles including solution architecture and technical project leadership.
Foresight News previously reported that Ethereum Institutional was officially established on July 1 and positioned as a unified institutional entry point for the Ethereum ecosystem.

Huang Licheng reduced his Ethereum long position by 1,720 ETH, according to Hyperinsight monitoring.
According to Odaily, his remaining ETH long position is valued at about $8.77 million, with an average entry price of about $1,768.53.
The report said the position currently shows an unrealized loss of about $68,200, or -19.43%, and lists a liquidation price of about $1,749.17.

Ethereum Foundation developer relations member Sophia Dew said this week will be her final week working full time for the Ethereum Foundation.
According to Foresight News, Dew announced the decision in a social media post.
Dew said she has been active in the Ethereum ecosystem over the past four years. She added that she remains optimistic about Ethereum’s future, describing it as one of the most powerful and closely connected ecosystems to date.

Ethereum bull James Fickel staked 20,000 ETH about six hours ago, according to on-chain monitoring data. According to BlockBeats On-chain Detection, the transaction was tracked by Onchain Lens.

Parataxis Ethereum said it purchased an additional 1,050 ETH, bringing its total Ethereum holdings to 10,449 ETH.
According to NS3.AI, the KOSDAQ-listed company said the latest purchase maintains Parataxis Ethereum’s position as Asia’s largest corporate holder of ETH.
The company also said it ranks as the 13th largest corporate holder globally based on its total ETH holdings.

Ether (ETH) rose 15% over five days, moving further away from the $1,500 low reached on June 26 and lifting prices toward the $1,800 area. According to Cointelegraph, improving sentiment has been linked to final testing for Ethereum’s Glamsterdam upgrade, targeted for later in 2026, alongside continued Ether accumulation by BitMine Immersion Technologies that has reinforced the $1,500 support level. Over the past 30 days, Ether also outperformed the broader crypto market by 7%, with additional optimism tied to the Digital Assets CLARITY Act, a bill that has faced hurdles in Congress following banking-sector pushback related to stablecoin regulation and potential rewards to holders. In derivatives markets, ETH options positioning showed reduced fear as the 25% delta skew moved away from prior extremes; put options carried a 9% premium over comparable calls, down from about 15% the previous week, while readings above 12% are typically associated with extreme fear.
Ethereum’s rally has also been framed around network development and closer links to traditional finance. Ethereum has faced criticism over scalability that relies on layer-2 rollups and data “blobs,” which lowered transaction fees but intensified debate about long-term data censorship and centralization. Lower base-layer fees have reduced ETH burning, contributing to inflationary supply dynamics. The Glamsterdam upgrade, still in testing, is expected to improve processing speeds by enabling more parallel transaction execution, expand data-handling capacity at higher throughput, and reduce database bloat, with an aim of supporting institutional-grade financial infrastructure. Separately, BitMine Immersion’s ongoing purchases have been cited as a key support factor: the U.S.-listed company added 325,000 ETH over the past month, bringing reserves to 5.74 million ETH, and it continues pursuing a goal of acquiring 5% of existing supply despite $8 billion in unrealized losses on its holdings. Momentum also followed the July 2 launch of Robinhood Chain, an EVM-compatible Ethereum layer-2 built with Arbitrum technology, alongside Robinhood’s rollout of tokenized stock trading in more than 120 countries and integrations with Uniswap, 1inch, and Morpho. While onchain and options indicators were described as somewhat bearish due to low fees and limited options conviction, the report said traditional finance use cases and capacity-focused upgrades underpin a viable path toward $2,000 in the near term.

A crypto trader lost nearly all of a $2.01 million ETH position on July 6 after a DEX router routed a swap through a pool with almost no liquidity. According to NS3.AI, GoPlus Security identified the incident as same-block backrun extraction.
The report said Titan Builder received 1,018 ETH worth $1.8 million as a block builder reward tied to the transaction.

Abraxas Capital deposited 8,000 ETH into Aave, according to Onchain Lens monitoring.
According to Odaily, the deposit was reported by Onchain Lens as coming from an Abraxas Capital address.

A wallet possibly linked to CoinShares deposited 63,000 ETH to a centralized exchange (CEX) over a 20-minute period on July 7. According to BlockBeats On-chain Detection, the transfer was monitored by lookonchain and the ETH was sent to a CEX.

U.S. Bitcoin exchange-traded funds recorded a net inflow of 4,026 BTC today, according to Lookonchain monitoring. According to Odaily, the seven-day net flow for U.S. Bitcoin ETFs showed a net outflow of 1,661 BTC.
U.S. Ethereum exchange-traded funds posted a net inflow of 11,955 ETH today. Over the past seven days, U.S. Ethereum ETFs recorded a net inflow of 20,570 ETH.

Wintermute said weaker U.S. employment data and dovish remarks from Fed official Kevin Warsh helped drive a rebound in global risk assets, with Bitcoin and Ethereum recently outperforming major U.S. stock indexes. According to Odaily, Wintermute attributed Bitcoin’s rise to continued whale accumulation, stronger bullish sentiment in the options market, improving on-chain data, and better spot ETF fund flows.
Wintermute said Ethereum’s performance was supported more by institutional adoption and expectations for the development of tokenization infrastructure.
However, Wintermute said the current move is more consistent with a “relief rally” rather than the start of a new long-term bull market. It added that while improving macro conditions and ongoing institutional positioning have lifted sentiment, Bitcoin spot ETFs still show a year-to-date net outflow of about $2.73 billion.
Wintermute said the market should be viewed as a sentiment recovery rather than a structural reversal until ETF flows show a sustained improvement trend.

Ethereum is testing resistance at the $1,796 level, which crypto analyst alicharts describes as the 0.8 MVRV pricing band. According to ChainCatcher, the analyst said a daily close above $1,796 that then holds as support would reinforce the bullish setup and could open a move toward Ethereum’s “realized price” level of $2,245.
Alicharts added that clearing both $1,796 and $1,816 would constitute a bullish breakout signal. From a technical perspective, the analyst said such a move would increase the likelihood of ETH breaking above the channel top near $1,844 and beginning an advance toward $2,245.

An Ethereum whale that accumulated 22,567 ETH appears to have sold 7,347 ETH at a $4.041 million loss, according to on-chain analyst Ai Yi. According to NS3.AI, the address had previously built a $52.77 million ETH position at an average price of $2,338.
The reported sale reduced the whale’s holdings from the accumulated total, with the loss figure tied to the 7,347 ETH transaction. Ai Yi did not provide additional details on the timing of the trades or the whale’s remaining balance beyond the figures cited.

On Jul 07, 2026, 00:20 AM(UTC). According to Binance Market Data, Ethereum has crossed the 1,800 USDT benchmark and is now trading at 1,800.530029 USDT, with a narrowed 0.98% increase in 24 hours.