Ethereum News Today: $1.7M Notional DeFi Hack As Whale Dumps $408M

Ethereum News Today: $167M Invesco ETH Buying vs $408M Whale Sale Ethereum news today paints a mixed picture. On one side, institutional buyers and long-term holders are adding ETH. On the other, a large whale exit and a DeFi security incident are injecting fresh uncertainty. Here's what happened and what it could mean for ETH going forward. At a Glance Invesco clients have not net-sold since March 19, 2026, accumulating roughly $167 million in holdings. A mystery whale offloaded its entire 167,855 token stack (~$408 million) over the past five days. Notional Finance's custodial contract was reportedly exploited for about $1.7 million, with funds converted to 689.2 token and routed through Tornado Cash. Abraxas Capital bought another 16,554 token (~$39.8 million) in spot while its Hyperliquid accounts still hold 120,178 token (~$291.4 million) in shorts. Ethereum price today is currently trading at $2,513.68, up 4.3% over the past 24 hours. Market cap sits at $306.741B, with $16.963B in 24-hour trading volume. Source: Coingecko Data Ethereum News Today: Invesco Clients Maintain Longest ETH Holding Streak According to on-chain analytics platform Arkham, Invesco's ETF clients currently hold the longest continuous holding streak of any ETF that Arkham tracks. Reportedly, there has been no net selling since March 19, 2026, nearly six months of sustained holding. Over that period, clients have cumulatively purchased approximately $167 million, and the assets reportedly remain in their custody. Reader takeaway: This pattern suggests continued institutional appetite for exposure rather than short-term profit-taking, even as broader market conditions shift. Source: Arkham Post Ethereum Whale Sells 167,855 ETH Worth $408 Million The biggest market-moving headline comes from Lookonchain, which flagged a single Ethereum whale liquidating its entire position of 167,855 tokens, worth close to $408 million over roughly five days. A sale of this size naturally draws attention from traders, since large, concentrated sell-offs can add to available supply on exchanges. That said, it would be premature to attribute any specific price move directly to this sale without further confirmation. Source: Lookonchain Notional Finance Exploit Sends $1.7M in Funds Into ETH Security monitor PeckShieldAlert, citing a report from Specter, said Notional Finance's escrow or custodial contract appears to have been compromised. Roughly $1.7 million in DAI and USDC was reportedly stolen. The attacker allegedly swapped the funds into about 689.2 ETH before depositing it into Tornado Cash. Because details are still emerging, terms like "reportedly" and "appears" apply. This remains a suspected exploit pending fuller confirmation from the protocol or independent auditors. Source: PeckShieldAlert X Post Abraxas Capital Buys $39.8M in ETH While Hedging With Shorts Adding another layer to today's Ethereum news, Lookonchain reported that Abraxas Capital purchased an additional 16,554 ETH in the spot market, worth about $39.8 million, over the past 12 hours.