Ethereum rallied past $3,700 earlier on Aug. 5 as whale and institutional accumulation intensified. Can it recover back above $3,800 by the end of the week? Summary Ethereum remains 148% above its year-to-date low despite recent volatility.New whale wallets have scooped up over $3 billion in two days.Macro uncertainty and ETF outflows continue to cap upside momentum for ETH. According to data from crypto.news Ethereum (ETH), the leading altcoin by market cap, rose 5.

Ethereum is trading at $3,667 at press time, rising 4% in the past 24 hours and indicating renewed interest after a sharp drop earlier in the week. Summary Ethereum open interest on Binance has hit a record $8.7B, nearly 3.5x higher than in the 2021 bull market.Despite neutral funding rates, rising volume and leverage point to bullish continuation potential.ETH price holds above support, and a break above $3,875 could extend gains, while a drop below $3,380 may trigger

The Philippines’ Securities and Exchange Commission has named ten crypto exchanges, including tier-1 platforms like Bybit and OKX, for operating without registration and warned of potential enforcement action under its new regulatory framework. Summary The Philippines SEC has named ten crypto exchanges for operating without proper registration.Advisory warns that these platforms may face enforcement actions for violating new CASP rules effective July 5.Potential penalti

Solana Mobile has officially begun shipping its Seeker smartphones to users in more than 50 countries, marking the global rollout of its second-generation web3 device. The announcement was made on Aug. 4 via X, with the company confirming that tens of thousands of units are now in transit. The Solana Seeker phone follows the Saga, Solana’s (SOL) first crypto-native phone, which initially saw slow sales but gained traction thanks to profitable token airdrops. Seekers officially start shipping tod

Ethena is trading lower as fresh concerns around liquidity risks and a major token unlock weigh on investor sentiment. Summary Ethena unlocked $106M in ENA tokens, adding possible sell pressure.Chaos Labs warned of liquidity risks from Ethena’s $4.7B Aave exposure.Technicals show weakening momentum, but major support levels still hold. As of this writing, Ethena (ENA) is trading at $0.586, down 2.9% over the last day. Despite rising more than 130% over the previous m