The Ethereum Foundation said it has begun staking a portion of its treasury to earn on-chain rewards. The organization is allocating only part of its holdings to staking to generate additional income from its existing assets.

The Ethereum Foundation has begun staking ETH through Bitwise Onchain Solutions, depositing an initial 2,016 ETH onchain, the foundation announced. The foundation plans to stake a total of 70,000 ETH, valued at more than $140 million, using Bitwise's staking infrastructure.

The Ethereum Foundation has begun staking its treasury ETH and initially deployed 2,016 ETH using infrastructure from Bitwise Asset Management's Onchain Solutions. The organization plans to stake around 70,000 ETH worth approximately $140 million. The Foundation is deploying open-source staking tools Dirk and Vouch to enhance security and operational resilience.

Roughly $387 million worth of crypto positions were liquidated, with XRP accounting for around 70% of trading volume, the original report shows. The move underscores XRP's outsized share of current market activity relative to the broader crypto derivatives landscape.

XRP is recording net outflows from cryptocurrency exchanges, with more tokens leaving platforms than entering. Market participants are monitoring the shift in exchange balances to assess whether it signals an emerging rebound in XRP's price.

Circle's USDC and Cross-Chain Transfer Protocol (CCTP) launched natively on EDGE Chain, the blockchain infrastructure powering the edgeX_exchange platform. The integration enables traders and developers to access USDC-collateralized spot and perpetuals trading with 24/7 settlement and rapid cross-chain transfers across more than 20 blockchains. USDC now operates natively on 31 blockchains, with 380 cross-chain transfer routes available for the stablecoin.

BitMine, the former Bitcoin mining company chaired by Tom Lee, bought an additional 60,976 ETH for nearly $123 million, bringing its total Ethereum holdings to 4,535,563 ETH valued at over $9 billion and representing 3.76% of total supply, with an average entry price above $3,700 per coin. The firm also holds 195 BTC, a $200 million stake in Beast Industries, a $14 million stake in Eightco Holdings, and $1.2 billion in cash reserves. Lee said Ethereum's price has been resilient this week despite rising war concerns and higher oil prices, adding that BitMine is following a base case from advisor Tom DeMark of DeMark Analytics, who sees ETH in 2026 tracking the S&P 500 in fall 2011 and fall 1987 with correlations of 89% and 93%, and that if these analogs persist, prices could bottom this week below $1,750, guiding BitMine to slightly accelerate its ETH accumulation strategy. ETH has bounced back in recent hours after sharp marketwide volatility tied to Middle East developments and is now trading just above $2,000, after a failed breakout last week at $2,200.

Bitwise Asset Management said its Bitwise Onchain Solutions unit will build and maintain software to support the Ethereum Foundation's treasury staking program, PRNewswire reported. The Foundation previously disclosed plans to stake part of its treasury, starting with an initial 2,016 ETH deposit and targeting around 70,000 ETH in total using professional-grade open source tools Dirk and Vouch. The amount is valued at more than $140 million at current prices.