Ethereum News: Significant ETF Outflows as ETH Prices Hit Yearly Low

Ethereum Spot ETF Outflows Surge as Price Nears Yearly Low

Ethereum (ETH) has experienced significant volatility recently due to macroeconomic pressures and changing market sentiment. ETH is currently trading at $2,347, its lowest point since November 2024. Data from SosoValue shows that net outflows from Ethereum’s spot ETFs surged to a 30-day high of $94.27 million on February 26, 2025, marking the third-highest single-day net outflows of the year. BlackRock’s Ethereum ETF (ETHA) saw a substantial outflow of $69.76 million following ETH’s price drop to an intraday low of $2,251.

MetaMask Unveils New Roadmap with Smart Contract Capabilities

MetaMask, the popular self-custodial crypto wallet for the Ethereum (ETH) network, has shared a series of announcements aimed at improving its user experience. Part of its revamped roadmap includes adding smart contract capabilities to its current wallet. Currently, MetaMask is an Externally Owned Account (EOA) controlled by a public and private key, which is subject to human error. Contract Accounts (CAs), on the other hand, are controlled by code and have recovery mechanisms and security checks in place.

Thorchain Faces Developer Exodus Amid North Korean Money Laundering Scandal

Thorchain is currently experiencing a developer exodus due to a money laundering scandal involving hackers from Lazarus Group. The hackers are using Thorchain’s interoperability-focused blockchain to launder Ethereum (ETH) stolen in the Bybit hack. The unofficial lead developer, TCBthat Pluto, has announced his departure unless a swift resolution is implemented to prevent illicit flows linked to North Korean actors. TCB highlighted a divide between Thorchain’s messaging around decentralization and the reality of its infrastructure, arguing that a small group of corporate actors control most of the network’s infrastructure and user-facing services.

Consensys Wins as SEC Drops Case Over MetaMask Wallet

In a significant move for the crypto world, the SEC has officially dropped its case against Consensys, the company behind the popular MetaMask wallet. This is a big win for Ethereum and the crypto community. Joseph Lubin, the founder of Consensys, celebrated the news, stating it was a victory for blockchain developers who deserve a fair chance to grow without unnecessary legal challenges. He also noted that this lawsuit played a part in getting the SEC to drop its investigation into Ethereum itself.