Ethereum Net Flows Turn Negative As Bulls Push For $3,500

An American tourist in London had a nightmare experience after hopping into what he thought was an Uber. The driver offered him a cigarette, which left him feeling woozy and disoriented. Next thing he knew, he woke up on the street with a broken phone—and $123,000 in cryptocurrency stolen from his wallet. Authorities are investigating, but it’s a stark reminder of how quickly things can go sideways when traveling.

Editor’s Note: This isn’t just another travel horror story—it’s a wake-up call about the risks of carrying large sums in crypto, especially in unfamiliar places. Scammers are getting bolder, and digital thefts like this are harder to trace or recover than traditional robberies. For crypto holders, it’s a lesson in vigilance (and maybe sticking to licensed taxis). For everyone else, it’s a glimpse into the dark side of the "cashless" future.

Ethereum's net flows—the difference between coins moving in and out of exchanges—have tipped negative over the past week, which could signal growing bullish sentiment among traders. When more ETH leaves exchanges than enters, it often means investors are holding onto their coins, anticipating higher prices. Right now, that optimism seems to be fueling a push toward the $3,500 mark.

Editor’s Note: For crypto watchers, net flows are like a mood ring for investor behavior. Negative flows suggest traders are bunkering down rather than dumping their ETH, which could mean they're betting on a price surge. If this trend holds, it might add fuel to Ethereum's climb—something traders and hodlers will be keeping a close eye on.

A lawsuit against Coinbase has put biometric data security back in the spotlight, raising concerns about how companies handle sensitive personal information like fingerprints and facial scans. A privacy expert is pushing for "modular privacy"—a system where users have more control over which parts of their data are shared, rather than handing over everything at once. The case highlights growing unease about whether tech firms are doing enough to protect this kind of data.

Editor’s Note: Biometric data is everywhere now—unlocking phones, verifying bank transactions—but once it’s out there, you can’t exactly change your face or fingerprints if it’s compromised. This lawsuit is a wake-up call: if even big players like Coinbase are getting heat, it’s worth asking who else might be cutting corners. The push for modular privacy could be a game-changer, giving people more say in how their data’s used instead of just crossing their fingers and hoping for the best.

A crypto executive is making a bold prediction: companies that manage Bitcoin treasuries—basically corporate holdings of Bitcoin—are going to amass way more of the cryptocurrency than most Bitcoin enthusiasts anticipate. The claim suggests these institutional players could end up controlling a bigger slice of the Bitcoin pie than the community realizes, which might shift the dynamics of ownership and influence in the crypto space.

Editor’s Note: If this prediction holds, it could signal a major power shift in Bitcoin’s ecosystem. Right now, a lot of Bitcoiners pride themselves on decentralization and individual ownership, but if corporations start gobbling up large stakes, it might lead to more institutional control—something that could ruffle feathers in the crypto community. It’s a heads-up for anyone who cares about who really holds the reins in Bitcoin’s future.

Mihailo Bjelic, one of the co-founders of Polygon, is stepping away from the Ethereum Layer 2 scaling project. While details about his departure are sparse, it marks a notable shift for a key figure in one of crypto’s most influential infrastructure teams.

Editor’s Note: High-profile departures in crypto often spark speculation—was this a planned exit, or does it signal bigger changes ahead? Polygon’s been a major player in scaling Ethereum, so Bjelic’s move might raise eyebrows, but without more context, it’s just an interesting footnote for now. Keep an eye on whether this affects Polygon’s roadmap or team dynamics.