According to the enigmatic scribes of Lookonchain, the crypto whales have turned their backs on the abyss of Binance and Deribit, their wallets heavy with Ethereum‘s golden coins. One such whale, a shadowy figure whose wallet ends in 0x166f, has seemingly decided that cold storage is the only place for such riches-though whether this is a sign of faith or panic remains a mystery.
Meanwhile, the ETH price has attempted to perform a Shakespearean soliloquy, soaring by 7.08%-a performance so dramatic it might as well be staged in the Kremlin’s own theater.
Anon whale withdraws 20,000 ETH from Binance
The aforementioned Lookonchain has revealed that this whale, a master of cryptographic alchemy, has spirited away 20,000 ETH (a sum that would buy a small principality in the 19th century) from Binance and Deribit. Whether this is a prelude to a grand heist or a simple rearrangement of assets, only the blockchain knows.
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Was this withdrawal a sign of optimism or a flight from impending doom? The answers lie buried in the labyrinth of blockchain’s secrets. Perhaps the whale, like a modern-day alchemist, seeks to transmute ETH into something more enduring-though cold storage is hardly a fairy tale ending.
Whale 0x166f withdrew 20,000 $ETH($38.25M) from #Binance and #Deribit in the past 2 hours.
– Lookonchain (@lookonchain) February 25, 2026
Ethereum Foundation kicks off staking ETH
The Ethereum Foundation, ever the paragons of fiscal responsibility, has begun to stake their ETH, ensuring that their coffers grow while the network thrives… or so they claim. One might wonder if they’ve finally cracked the code to eternal prosperity-or if this is merely another chapter in the crypto saga of hubris and hubcap.
1/ The Ethereum Foundation has begun staking a portion of its treasury, in line with its Treasury Policy announced last year.
Today, the EF made a 2016 ETH deposit. Approximately 70,000 ETH will be staked with rewards directed back to the EF treasury.
– Ethereum Foundation (@ethereumfndn) February 24, 2026
With 70,000 ETH (a sum that could fund a small revolution) now pledged to staking, the EF’s ambitions seem as grand as they are baffling. Will this bring prosperity, or will it be another tale of promises whispered to the blockchain’s deaf ears?
The EF’s vision is to secure the Ethereum network and fund its core operations-though one cannot help but imagine the network’s ghosts whispering, “You’ll pay for this, you’ll pay for this, you’ll pay for this.”
Ethereum price action
Over the past seven days, Ethereum has danced a tragicomedy of losses, tumbling past the $2,000 threshold like a drunk nobleman at a masquerade. On Feb. 24, it landed at $1,814, a price so low it might as well have been a relic from the 19th century. Then, fueled by the U.S. president’s speech-a performance so dramatic it could rival a Bulgakov play-Ethereum rose 7%, reclaiming $1,915 like a lost heir to a throne.
Yet, as if taunted by the market’s whims, ETH plummeted 2%, only to rise again, a pendulum of hope and despair. Now, it hovers at $1,916-a price so unremarkable it might as well be a footnote in the annals of financial history.
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2026-02-25 17:07