Ether's recent performance has seen the asset outstrip bitcoin in terms of gains for two consecutive weeks, as noted by analysts. 

The investigation examined 25 exploits and traced illicitly gained funds passing mixers, exchanges and other avenues. 

Despite a brief pop in revenue for miners post-halving amid the Runes frenzy, hash price has now dropped to less than $50 per PH/s per day.

Stablecoin issuer Tether has invested $200 million in Blackrock Neurotech, a biotech company, through Tether Evo.

The outflows are the largest since a record of nearly $1 billion during the third week of March as bitcoin fell back from its all-time high.

The analysts also argued that the SEC's denial of spot Ethereum ETFs could be bullish for the Ethereum ecosystem.