Ethereum (ETH) News Today

Culper Research released a report stating that the Ethereum network may fall into a "death spiral" as scalability improvements reduce transaction fee revenue, threatening the token economic model and potentially negatively impacting network security. The report also points out that companies holding large amounts of ETH face valuation risks, while Ethereum co-founder Vitalik Buterin selling ETH has further dampened market sentiment.

Today, Bitcoin options contracts (BTC) and Ethereum options contracts (ETH) worth over $2.6 billion will expire, amid a cautious sentiment in the derivatives market despite significant price recovery over the past week. Traders are closely monitoring whether BTC and ETH can maintain their current positions through this period.

Ethereum co-founder Vitalik Buterin calls on developers to focus on privacy infrastructure, layer-two scaling technologies, and artificial intelligence applications to drive Ethereum's innovation. In the face of fierce blockchain competition, he emphasizes that important technological experiments should be integrated into the mainstream ecosystem to protect user data and enhance network performance.

The US-based Ethereum ETF spot funds attracted $169 million in net inflows on Wednesday — the highest in two months, according to data from SoSoValue. The new capital influx indicates that institutional investors' interest in Ethereum is gradually returning, even as the financial market t

Bitwise Investment Director Matt Hougan stated that the traditional altcoin season may not return. The future altcoin market will rely more on the real-world use cases and market influence of tokens rather than just capital influx. He emphasized that tokens backed by actual business operations will have an advantage, while tokens lacking fundamentals will find it difficult to benefit. This view has sparked debate in the industry, with some analysts believing that altcoin trends still exist.

Ethereum has recently shown weak rebounds, falling back 6% after touching $2200. Geopolitical tensions and weak stock markets have intensified market risk aversion, leading to insufficient bullish demand and a decline in on-chain activity. Despite the current challenges, Ethereum still holds an advantage in the blockchain space, with institutional funds favoring its ecosystem. If market sentiment recovers to $2400, it will be beneficial for a rebound in the future.

Approximately $2.6 billion in Bitcoin and Ethereum options contracts are set to expire on March 6, 2026, with derivatives data revealing a pronounced bearish tilt despite recent price recovery across crypto markets.

Although Ethereum's price rebounded by 22%, it remains relatively weak due to macroeconomic factors. Weekly DEX trading volume dropped to $12.6 billion, and DApp revenue decreased by 47%. Ethereum dominates the total locked value, with a mainnet TVL of $55.4 billion, indicating institutional investor preference.

Ethereum will undergo significant upgrades this year, but short-selling firm Culper Research released a report pointing out that the Ethereum economic model is severely failing, hiding a "death spiral" risk, and has shorted Ether and Bitmine. The report warns that shrinking returns could lead to decreased staking willingness, jeopardizing the security of the Ethereum network. Culper Research questions Ethereum's active user data, believing that its "death spiral" is already unfolding.

ChainCatcher Message: According to HyperInsight monitoring, the large whale "pension-usdt.eth" is currently shorting 1,000 BTC with 3x leverage, with an average entry price of $68,182.7, and a current unrealized loss of $2.2 million.

Ethereum open interest hits its highest level since January, signaling renewed trader activity. Price approaches realized cost basis near $2,300, a critical sentiment level. Technical indicators show early bullish momentum, with key resistance ahead. Ethereum — ETH, is at a familiar

PANews March 6 News, according to Cointelegraph, on March 5th, BTC, ETH, SOL, and XRP spot ETFs all experienced net outflows. Among them, Bitcoin ETF had a net outflow of $227.83 million, Ethereum ETF had a net outflow of $90.9 million, Solana ETF had a net outflow of $5.23 million, and XRP ETF had a net outflow of $6.15 million.

Ethereum co-founder Vitalik Buterin recently called on the community to be more bold in innovating at the application layer while maintaining core values. He believes that the security and principles of the base layer should remain unshaken, but the application layer should be more disruptive and experimental. He explored the future design of privacy technologies and DeFi, and advocated for rethinking Ethereum's applications, even suggesting that if there were no users, developers should consider how to rewrite the application section of the white paper from scratch to face future challenges.

According to crypto analyst Trader T's monitoring, US Ethereum spot ETFs saw a net inflow of $22.72 million yesterday. Among them, ETHA (BlackRock) had a net inflow of $28.98 million, while several other ETFs experienced varying degrees of net outflows.

Bitwise Asset Management has announced a $100,000 contribution to Ethereum's open-source developers, continuing its commitment to the ecosystem. This funding supports sustainable development and innovation in projects, reflecting the importance of developers in maintaining Ethereum's network.

Short-selling firm Culper Research publicly shorted Ethereum (ETH) and BitMine (BMNR), accusing the Ethereum Fusaka upgrade of causing transaction fees to plummet by 90%. The firm warned that the risk of a "death spiral" is increasing and questioned the sustainability of Ethereum's economic model. Culper cited Vitalik's recent sale of 20,000 ETH, indicating the founder's negative outlook on the current situation, and challenged the interpretation of active address growth, suggesting it may be the result of address poisoning attacks.

Short seller Culper Research has disclosed a bearish position on Ethereum and ETH-linked securities, including treasury firm BitMine, arguing that the network's December 2025 Fusaka upgrade has "impaired ETH tokenomics" by flooding the network with excess blockspace and driving transaction fees down approximately 90 percent.

Culper Research report indicates that Ethereum's Fusaka upgrade caused excess block space, leading to a 90% drop in transaction fees, potentially entering a "death spiral" cycle, resulting in decreased staking demand and network security. The report mentions Vitalik Buterin selling large amounts of ETH, questioning Tom Lee's bullish outlook, and points out BitMine's loss risks held in Ethereum.