A trader known as "0x50b3" has taken a large leveraged short position of 47,604 ETH, worth about $100 million, betting on Ethereum's price to fall below $2,149. This move comes as Ethereum struggles, down 29% year-to-date and lagging behind Bitcoin and other major cryptocurrencies. The Ethereum ecosystem faces criticism and internal challenges, with notable figures like Bankless co-founder David Hoffman selling their ETH holdings. This bearish bet highlights growing investor frustration and uncertainty about Ethereum's near-term prospects.
A wallet on Hyperliquid has opened a $100.33 million short position on Ethereum (ETH) with 23x leverage, betting that ETH's price will not rise above $2,149.84. The position will be liquidated if ETH's price increases by less than 2% from the entry p...
Ethereum's monthly transactions reached a record 70 million with fees dropping to a historic low, signaling strong retail use despite a recent 9% price decline. Coinbase CEO Brian Armstrong proposed modernizing finance by integrating real-world asset...
Vitalik Buterin emphasized that the Ethereum Foundation is designed to be one participant in a decentralized ecosystem rather than a central authority controlling Ethereum or its ETH price. The foundation prioritizes long-term research, cybersecurity...
Ethereum's price hovers around $2,100 amid ongoing weakness compared to Bitcoin, drawing criticism from Samson Mow, a Bitcoin supporter who expressed sympathy for Ethereum's struggles. The ETH/BTC ratio remains low, reflecting Ethereum's declining re...
Investors withdrew over $1 billion from bitcoin ETFs and $215 million from ether ETFs last week, signaling reduced interest in major crypto assets. Instead, funds flowed into alternative tokens, with new HYPE spot products gaining about $72 million a...
