David Hoffman, co-founder of Bankless and a longtime Ethereum supporter, has sold his ETH holdings, signaling growing bearish sentiment for Ethereum. This move comes amid declining network activity, with daily active addresses dropping from over 1.5 million to around 544,000, and increasing ETH supply on exchanges, suggesting potential selling pressure. Ethereum's price struggles to break key resistance levels, trading near $1,975, with analysts watching critical support at $1,920. The outlook remains cautious as Ethereum faces competition from networks like Solana and NEAR, which have stronger fee generation and token value capture.
Bankless co-founder David Hoffman sold his Ethereum holdings, stating the "ETH is money" thesis has played out as Ethereum's active addresses decline and exchange supply rises. ETH price is near $1,975, down 14% over the past month, with on-chain dat...
Citigroup forecasts the tokenized securities market could grow from $17 billion today to $5.5 trillion by 2030, driven largely by tokenized U.S. Treasury bills and equities. Ethereum is positioned to gain significantly due to its strong role in the t...
Between late April and early June 2026, Binance's Bitcoin reserves increased by 5.1%, from 617,000 BTC to 648,600 BTC, and Ethereum holdings rose 10.4%. Meanwhile, stablecoin reserves (USDT and USDC) fell by $3.87 billion, reducing the exchange's imm...
Kalshi, a CFTC-regulated exchange, has filed to offer perpetual futures contracts on 12 cryptocurrencies such as Ethereum, XRP, Solana, and Dogecoin. This move would mark a significant expansion into crypto derivatives for Kalshi, providing a regulat...
Bitcoin fell sharply by about 3% at the start of the month following news that Michael Saylor sold Bitcoin for the first time. This triggered significant liquidations, with over 154,000 traders losing positions worth $632 million in 24 hours. Spot Bi...
