Today's Ethereum News: BitMine increased its holdings by 10,000 ETH, reaching 2.5 million verifiers

Ethereum News: BitMine bought ETH, Fidelity transferred US$500 million, and pledges surged

Today's Ethereum news shows that although ETH prices are still under pressure, institutional activities are still active. BitMine once again purchased a large amount of ETH to expand its reserves. The wallet associated with Fidelity transferred nearly US$500 million in Ethereum, and another new withdrawal from Binance was used directly for pledge. Arthur Hayes came out at a loss in short-term trading, and the validator queue expanded to 2.5 million ETH. Taken together, today's Ethereum news reflects long-term confidence amid short-term fluctuations.

Today's Ethereum price

At 7:38 UTC on August 1, 2026, ETH trading price was US$1,867.43, down 0.92% in 24 hours. The market value is US$225.36 billion, and the 24-hour trading volume is US$8.53 billion (3.82% of the market value). The 24-hour price range is US$1,860.54 to US$1,870.00.

Overview of key events

BitMine Buy: Purchased 10,464 ETH units (approximately US$19.48 million), expanding the largest public Ethereum treasury.

Fidelity Wallet Transfer: 260,000 ETH (approximately US$499.55 million) were transferred, implying intra-agency capital flows.

Binan to Lido Pledge: 4,950 ETH were pledged after withdrawal from Binan, indicating continued long-term pledge interest.

Arthur Hayes Sell: Sold 2,364 ETH units at a loss of $241,000, reflecting profit-taking and volatility.

Ethereum verifier queue: 2.5 million ETH are waiting to be activated, which takes 43 days, indicating strong pledge participation.

BitMine again injected 10,464 ETH into reserves

Onchain trackers Onchain Lens and Lookonchain said that a wallet associated with BitMine purchased 10,464 ETH through FalconX, worth approximately US$19.48 million. The purchase allows BitMine to hold more than 4.8% of Ethereum's circulating supply, maintaining its position as the largest publicly traded Ethereum treasury. Reports linked the purchase to Tom Lee of Fundstrat, who has been supporting mass hoarding. Continued buying at this scale in times of weak price conditions suggests that institutions view current prices as an opportunity to accumulate rather than a reason to withdraw-a recurring theme in today's Ethereum news.

Fidelity transfers nearly US$500 million in Ethereum

Fidelity's associated wallet transferred 260,000 ETH (approximately US$499.55 million) to three new capital injection addresses first created by Fidelity six months ago. According to Arkham data, the transfer amounts were approximately 95,000 ETH (US$182.53 million), 87,000 ETH (US$167.23 million) and 78,000 ETH (US$149.79 million), respectively. Since the receiving wallet was created by Fidelity itself, this looks more like an internal custody reorganization than a shift to an exchange. Even so, transfers of this magnitude are interesting because large custody changes often precede institutions adjust their exposure.

New pledge activity shows long-term confidence

According to Nansen data, an independent wallet took 4,950 ETH (approximately US$9.34 million) from Binanti and pledged all of them through Lido. Transferring funds from exchanges to pledges usually reduces liquidity because the pledged tokens are locked up and cannot be sold at any time. This fits a broader pattern: holders did not leave the market, but chose to lock in pledge gains, further suggesting that short-term price declines have not shaken their long-term confidence in the network.

Today's Ethereum Event Timeline

About 19 hours ago: The wallet withdrew 4,950 ETH from Binan and pledged it through Lido.

About 13 hours ago: Fidelity transferred 260,000 ETH items to three new wallets.

About 11 hours ago: BitMine purchased another 10,464 ETH units through FalconX.

About 6 hours ago: Arthur Hayes transferred 2,364 ETH to Cumberland and Galaxy Digital.

Current market: The validator queue reaches 2.5 million ETH, and a wait period of 43 days.

Arthur Hayes sells Ethereum for a loss of US$241,000

BitMEX co-founder Arthur Hayes deposited 2,364.38 ETH units in Cumberland and Galaxy Digital within two hours, in exchange for approximately 4.3 million USDC. The average selling price was approximately US$1,821 per ETH, with a loss of approximately US$241,000, a decrease of 5.3%. Lookonchain pointed out that Hayes had previously bought for about $1,923, so this sale was an operation after buying at a higher price. Such high-profile transactions can affect short-term sentiment, but a trader's loss departure does not define the direction of the overall market, although today's Ethereum news is bullish at the institutional level.

Ethereum verifier queue reaches 2.5 million ETH

According to Beaconcha.in data cited by Sygnum Bank, Ethereum verifiers have climbed to approximately 2.5 million ETH, and new verifiers face an activation waiting period of approximately 43 days. Currently, approximately 41.2 million ETH are in pledge status, accounting for 33.8% of the circulation supply. Sygnum's Thomas Brunner explained that the backlog is partly due to the addition and compound pledge of existing validators after last year's Pectra upgrade, rather than pure new demand, as Pectra increased the maximum per validator to 2,048 ETH without increasing daily admission rates. More indicative, he said, is the almost empty exit queue, which suggests that holders choose to stick with it. Brunner also pointed out that verifier privacy remains a long-standing obstacle for institutions because deposit addresses, verifiers and withdrawal certificates are now publicly traceable.

What does this mean for investors?

Taken together, today's Ethereum news reflects a market: despite sharp short-term price fluctuations, institutional accumulation, reserve purchases and pledge participation are still healthy. The large wallet activity of BitMine and Fidelity, coupled with the new pledge flow from Binan to Lido, suggests the continued belief of long-term holders, and the nearly vacant exit queue further confirms this. Arthur Hayes's loss-making trading serves as a reminder that short-term volatility has not disappeared, but it has not offset broader on-chain trends. Investors following today's Ethereum news should pay close attention to ETF capital flows, pledge activity, reserve accumulation and whale trading. These are the clearest signals for judging the next step for ETH.

Disclaimer : This article is for reference only and does not constitute financial, investment or trading advice. The cryptocurrency market is highly volatile and involves significant risks. Be sure to do your own research and consult a licensed financial adviser before making an investment decision.