ETH price

Featured news 1. Whale James Wynn has lost $950,000 in Bitcoin long orders 2.Sharplink Gaming shares are down more than 20% pre-market, with a 1,918.26% increase in the past 5 days 3. Digital asset investment products saw a net inflow of $286 million last week, with Ethereum leading the inflow 4. Tariff fears boosted safe-haven demand, and gold prices climbed sharply on Monday 5. The cross-chain bridge ForceBridge is suspected to have been attacked, with a loss of about $3 million Featured Articles 1. "The Next Game of Ethereum: Scaling, Upgrading, and Towards the Era of Aggregation" This article analyzes the core problems in Ethereum's current development, arguing that over-reliance on Layer 2 (L2) scaling solutions has led to the breaking of Ethereum's flywheel effect (a virtuous cycle between economic progress, attention, and innovation) and the decentralization of network effects. The authors propose that Ethereum needs to realign its development path: first, it should actively expand L1 and improve its ability to serve as a settlement and execution network, making it a stronger infrastructure; Secondly, the L2 design is optimized, such as "ultrasonic rollup" and other technologies, so that L2 and L1 can synergistically enhance rather than weaken the network effect. Finally, by integrating core services, a unified Ethereum ecosystem will be built to achieve universal synchronous compositability and chain abstraction. This series of measures aims to bring Ethereum into the era of consolidation, making it the platform of choice in the blockchain space with its superior performance, security, and composability, reactivating and strengthening the flywheel of network effects. 2. Web3 Parallel Computing In-Depth Research Report: The Ultimate Path to Native Scaling This research report delves into Web3 parallel computing as the ultimate solution for blockchain scaling. The article points out that traditional scaling methods such as Layer 2 and modular blockchains have problems such as ecological fragmentation, while in-chain parallel computing can achieve a qualitative leap in performance while maintaining single-chain consistency by reconstructing the execution engine architecture. The report provides a detailed analysis of the five major parallel computing technology paths (account-level, object-level, transaction-level, virtual machine-level, and instruction-level), and focuses on the comparison of two mainstream approaches: Monad's new parallel chain "built from scratch" and MegaETH's "EVM-compatible" incremental improvements. Although it faces challenges such as technical implementation and developer migration, parallel computing may be the most sustainable path for Web3 to achieve native scaling, which will promote the paradigm shift of blockchain from "distributed ledger" to "decentralized computer". On-chain data On-chain fund flows on June 2

PANews reported on June 2 that Magickbase released an update on the hacking incident on the X platform, and is currently actively cooperating with local law enforcement agencies and cooperative exchanges to investigate the incident and determine the responsible party, with a total of about $3.7 million in affected funds, including about $3.1 million on the Ethereum chain and about $600,000 on the BNB Chain, Force Bridge (ETH/BSC to CKB bridge) has been temporarily disabled for security purposes until further notice, Updates will be released in a timely manner as the situation progresses.

PANews reported on June 2 that, according to Cointelegraph, IG Group, a UK-listed company, announced the launch of cryptocurrency trading services for retail investors, covering 31 digital assets such as BTC, ETH, XRP, etc.

Investment platform IG (IGG) said it has begun offering crypto trading to retail investors, becoming the first publicly-listed firm in the U.K. to do so. This marks IG's first offering of crypto exposure through spot trading of bitcoin BTC, ether ETH and a range of smaller tokens. The company's crypto service has previously been confined to derivatives products in the form contracts for difference (CFD). IG has teamed up with U.S.-based crypto-focused fintech firm Uphold to build crypto trading into its existing platforms that customers currently use for dealing shares, FX, commodities and derivatives. This may demonstrate the increasing integration between traditional finance (TradFi) and digital assets that investors and traders now expect to see. The London-based firm's move also coincides with the ongoing development of the U.K.'s plans to establish a regulatory regime for the crypto industry. The government published two consultation papers in April on draft legislation for activities such as crypto trading and stablecoin issuance. IG shares are around 0.25% higher on the day at the time of writing, compared to the FTSE 100 index which is unchanged. Read More: UK's First Centrally Cleared FCA-Regulated Crypto Derivatives Trading Venue GFO-X Debuts

Travis Kling of Ikigai Asset Management shared his May highlights for bitcoin BTC and broader crypto ecosystem, underscoring the remarkable scale of institutional adoption throughout the month. May was a blockbuster month for the crypto sector, headlined by unprecedented institutional investment, key legal developments, and heightened adoption by both private and public entities. Bitcoin BTC reached new all-time highs of $112,000 as corporate giants like Strategy (MSTR) purchased $2.7 billion worth of BTC in four tranches, while BTC spot ETFs absorbed $5.2 billion in inflows reflecting rising mainstream demand. Companies such as Trump Media & Technology Group and Twenty One Capital joined the wave, committing billions collectively to bitcoin treasury strategies. Notably, David Bailey’s Nakamoto Holdings raised $710 million to pursue a similar strategy following a reverse merger. Public firms like SharpLink Gaming and VivoPower announced significant private placements to launch Ethereum and XRP treasury strategies, signaling diversification beyond Bitcoin. At the state level, New Hampshire and Arizona became the first to pass strategic bitcoin reserve bills, underlining growing political endorsement. Regulatory clarity advanced, with the GENIUS Stablecoin Bill moving forward in the Senate, the SEC confirming that staking isn’t a security, and the OCC affirming that U.S. banks can legally buy, sell, and custody Bitcoin. Coinbase’s $2.9 billion acquisition of Deribit strengthened its derivatives position, even amid a major user data breach. Kraken’s move to launch tokenized stocks on Solana and the SUI network’s $200 million Cetus protocol funding further showcased Web3 innovation. Meanwhile, international players like Japan’s Metaplanet and France’s “The Blockchain Group” raised hundreds of millions to build bitcoin positions. The Nasdaq rose 9%, just 4% off its own ATH, indicating strong risk appetite across markets. Stripe’s move to integrate stablecoin accounts capped off a month of acceleration, institutionalization, and structural maturation for crypto markets.