Ethereum News Update: "Institutional Surge in Ethereum Contrasts with Vitalik's Cautions on Decentralization"

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Ethereum News Update: "Institutional Surge in Ethereum Contrasts with Vitalik's Cautions on Decentralization"

Bitget-RWA2025/11/26 00:56

By:Bitget-RWA

- Ethereum sees renewed whale activity as a major address buys 1,110 ETH at $3,250, signaling institutional/whale accumulation amid market volatility. - BitMine (BMNR) adds $83M in ETH to its treasury, now holding 3.6M ETH (3% of supply), leveraging low costs and staking rewards to support its "dip buying" strategy. - Grayscale launches first U.S. Dogecoin ETF (GDOG), reflecting growing institutional crypto legitimacy, while Vitalik Buterin warns of decentralization risks from rising institutional control.

Ethereum (ETH) has experienced a resurgence in activity, as a significant whale wallet returned to the market after a three-month hiatus, acquiring 1,110 ETH at an average rate of $3,250,

based on data from on-chain analytics

. This action comes amid heightened market fluctuations, with ETH hovering around $2,800 during

$1.5 billion in ETF withdrawals

and the ongoing impact of a major liquidation event from October. This purchase contributes to the growing narrative of accumulation by institutions and large holders, with

BitMine Immersion

Technologies (NYSE: BMNR)

taking a leading role

by adding $83 million worth of ETH to its reserves, bringing its total to about 3.6 million ETH—close to 3% of the total supply in circulation.

BitMine’s approach highlights a wider pattern of “buying the dip,” as the company recently picked up 21,000 ETH and 82,353 ETH in November alone. Although BMNR’s ETH holdings are currently below its average purchase price of $3,120, the company’s treasury strategy depends on minimal operating costs and staking returns to endure the downturn. Tom Lee, the company’s chairman,

anticipates a recovery to $7,500

by the end of the year, pointing to the effects of “quantitative tightening” and Ethereum’s potential as a “supercycle” asset.

Institutional momentum is also being fueled by regulatory progress.

Grayscale introduced its spot Dogecoin Trust ETF (GDOG)

on NYSE Arca, making it the first U.S.-approved ETF for

DOGE

. This fund, which holds actual

Dogecoin

tokens, demonstrates growing institutional trust in digital assets and signals a broader acceptance of

meme

coins.

Experts estimate GDOG could see $11 million

in trading volume on its first day, underscoring the increasing overlap between traditional finance (TradFi) and the crypto sector.

Yet, Ethereum’s swift embrace by institutions has sparked worries about its decentralization.

Vitalik Buterin cautioned

that the rising influence of institutions—highlighted by BlackRock’s

Ethereum

ETF dominance—could undermine Ethereum’s foundational principles. He pointed out dangers such as alienating the community and technical shifts that benefit high-frequency traders, potentially leading to more centralized node management. With nine U.S. ETFs now collectively holding over $18 billion in ETH, Buterin called on the community to defend “permissionless access” and “censorship resistance.”

At the same time, whale movements present a mixed picture. While some large holders are accumulating, others are selling off.

One whale offloaded 17,804 ETH

after holding for three weeks,

incurring a $10 million loss

. Another address sold 18,517 ETH in a rapid sale, losing $25.29 million, and still holds 1,560

WBTC

with unrealized losses totaling $41.12 million.

These actions stand in contrast to a recent surge

in whale buying: over 394,682 ETH (worth $1.367 billion) was acquired in just three days by several addresses, including a whale previously associated with shorting.

Market indicators point to ongoing turbulence. Event contract data suggests there is a 70% probability that ETH could fall to $2,750 by year’s end, though technical analysts such as Mark Newton from Fundstrat believe a rebound to $3,700 is possible if the $3,000 support level is maintained. Longer-term projections differ, with some analysts expecting ETH to reach between $7,000 and $8,000 by late 2025, depending on ETF inflows and a planned network upgrade in December.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Quick Take Summary is AI generated, newsroom reviewed. Regulators approved US banks holding Ethereum, marking a major shift in digital asset integration. Client demand for regulated crypto custody continues to rise across major banks. The approval boosts institutional crypto adoption and expands investment opportunities. Ethereum gains long-term strength as Ethereum market demand grows with banking involvement.References BULLISH: 🇺🇸 U.S. banks now have permission to hold Ethereum!

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