Bankless co-founder Ryan Sean Adams criticized the idea that Ethereum's technology can succeed without its native token ETH being valuable. He argued that without ETH serving as a global store of value worth trillions, Ethereum is fundamentally a failed project. Adams emphasized that ETH is essential as the economic foundation for decentralized finance (DeFi) and that separating the network from its asset is misleading. His co-founder David Hoffman disagreed, but Adams maintained that ETH's value mechanism is clear as money. Hoffman recently sold his ETH holdings, while Adams continues to hold his.
Bitcoin fell to around $63,000 as cryptocurrency markets declined sharply, triggered by a $400 billion capital rotation into AI-related investments and over $1.74 billion in liquidations within 24 hours. Data showed nearly 290,000 traders were liquid...
Kalshi has introduced CFTC-regulated Ethereum perpetual futures in the United States, following its recent launch of Bitcoin perpetual futures. These new "American Perpetuals" allow U.S. traders to access regulated, leveraged Ethereum exposure withou...
Cryptocurrency markets saw a broad decline with major coins like Bitcoin dropping 3.67% to $63,317 and Ethereum falling 3.10% to $1,764.97. Other notable coins such as Binance Coin, Solana, and Cardano also experienced significant losses. Stablecoins...
Bitcoin has dropped more than 15% this week, briefly nearing $61,000, yet Standard Chartered maintains its year-end price target of $100,000. The bank views the recent selloff as potentially nearing its end, citing smaller liquidation volumes compare...
FG Nexus invested about $196 million to buy 50,770 Ethereum at an average price of $3,860 per token but faced a sharp price decline soon after. The company sold 36,025 ETH at an average of $2,330, realizing significant losses and leaving its remainin...
