David Hoffman, co-founder of Bankless, sold his Ethereum (ETH) holdings after concluding that the long-standing thesis of 'ETH is money' has largely played out. Despite selling his ETH, Hoffman remains bullish on the Ethereum network and its ecosystem, believing that growth may increasingly benefit applications and layer-2 solutions rather than ETH itself. He highlighted Ethereum's role in supporting stablecoins, DeFi, and tokenized assets, which may drive network value without directly increasing ETH demand. This move comes amid ongoing developments in Ethereum's layer-2 scaling and treasury strategies by institutions, signaling a shift in how value is captured within the ecosystem.
Cryptocurrency prices exhibit varied changes, with Bitcoin rising 1.09% to $64,441 and Ethereum up 0.52% at $1,878.73. Several altcoins like BNB, ZEC, and UNI show notable gains, while others such as XRP and XMR experience declines. These fluctuation...
Ethereum price hovered near $1,868 on August 5, unable to break above the $1,900 resistance since late July. Key resistance levels lie between $1,887 and $1,918, with a descending channel suggesting a breakout above $1,875 could lead to a retest of $...
Cryptocurrency prices exhibit a range of changes with Bitcoin trading at $64,053, up 0.59%, while Ethereum remains nearly flat at $1,867.74. Notable gainers include Zcash (ZEC) rising 5.76% and PUMP surging 12.78%. Other major coins like Binance Coin...
An analyst from More Crypto Online warns that Ethereum's recent rebound is likely corrective, not a strong recovery, with the $1,820 level being crucial. Despite holding above a key trend line, the broader trend remains bearish, with resistance near ...
Ethereum is trading around $1,865 with a market cap of $225 billion, stuck in a narrow range between $1,850 and $1,950 since June. A large whale has withdrawn 112,000 ETH from exchanges over three weeks, staking all of it, signaling long-term holding...
