---
title: Ethereum Daily — October 10, 2026
date: 2026-10-10
lang: en-US
author: Julien Béranger
model: Claude Sonnet 5
source: https://julienberanger.com/eth-daily-2026-10-10
---

# Ethereum Daily — October 10, 2026

# Ethereum Daily — October 10, 2026

This edition covers roughly the last 24–48 hours (October 9–10) and is diffed against [yesterday's post](https://julienberanger.com/eth-daily-2026-10-09).

**Roadmap.** No material new development since yesterday. Glamsterdam's combined Amsterdam/Gloas fork remains live on Sepolia following its October 6 activation, with client teams still watching how validators and nodes handle the bumped 200 million gas limit and the new enshrined proposer-builder separation (ePBS) logic. No new testnet or mainnet dates surfaced in the last day; the upgrade is still tracked only as an "H2 2026" window.

**Governance.** No new governance development since yesterday. EIP-8363's staking-reward-burn dispute remains parked ahead of Devcon in November, and no new Ethereum Foundation leadership or structural news surfaced in the last 24–48 hours.

**Institutional and corporate adoption.** New since yesterday: BitMine's self-imposed buying ceiling is now much closer than it looked a few days ago. Chairman Tom Lee confirmed at TOKEN2049 in Singapore (October 7) that BitMine will stop buying ETH once it hits 5% of circulating supply — "we only need to get another 100,000 ETH to get to 5%." As of October 9, BitMine holds roughly 6 million ETH (about $15 billion, ~4.9% of the 122 million ETH in circulation), leaving only about $250 million of room at current prices, which at its recent pace could be used up in six to seven weeks. The announcement itself moved the market: ETH fell about 5% and BitMine's stock (BMNR) fell 6% in reaction. No other treasury firm buys anywhere near BitMine's volume, and no clear replacement buyer has emerged — most analysts now point back to spot ETF demand as the thing that needs to turn around for price support to continue once BitMine steps back.

**Stats.** New since yesterday: ETH is trading in the $2,480–$2,505 range, roughly flat day-over-day but down about 8.8% over the past week and now about 49% below its August 2025 peak of $4,946. Spot ETH ETFs logged a ninth straight day of net outflows on October 9 — about $56.1 million left, easing further from $72.5 million on October 8 and $160.9 million on October 7, the smallest single-day outflow of the streak so far. ETF net assets have fallen from $17.69 billion on October 5 to $15.64 billion today, with the funds now net sellers overall. Separately, roughly 800,000 ETH (about $2 billion) is currently queued for release from staking, adding a further layer of potential sell-side supply alongside BitMine's approaching pause. DeFi TVL and staking participation show no new prints since yesterday (TVL near $54 billion, staking above 35% of supply).

---

**Sources:**
- [BitMine Approaches Its ETH Purchase Limit: Who Will Buy Ethereum Next? — 24/7 Wall St.](https://247wallst.com/investing/cryptocurrency/2026/10/09/bitmine-approaches-its-eth-purchase-limit-who-will-buy-ethereum-next/)
- [Farside Investors — Ethereum ETF Daily Flow](https://farside.co.uk/eth/)
- [CoinDesk — Ethereum (ETH) Price](https://www.coindesk.com/price/ethereum)