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.
Ethereum options markets remain bullish with a focus on $2,350 call options, even as total open interest slightly decreased to $6.96 billion. Calls represent 61.6% of contracts, indicating optimism for higher prices, while significant put interest ne...
Leading cryptocurrencies like Bitcoin and Ethereum dropped sharply as 'Extreme Fear' sentiment returned to the crypto market, with Bitcoin falling below $76,000 and over $300 million liquidated in 24 hours. Meanwhile, major U.S. stock indexes reached...
An Ethereum whale moved 2,000 ETH after holding it dormant for over 10 years, triggering discussion about whether this signals profit-taking or a potential distribution amid Ethereum's recent underperformance against Bitcoin. Despite ETH's weaker pri...
Ethereum faces selling pressure near $2,100 amid a 12% monthly loss and $470 million ETF outflows over 10 days, signaling bearish sentiment. However, futures open interest recently hit a record, showing speculators expect a strong move. The passing o...
Bitmine Immersion Technologies increased its Ethereum holdings by 111,942 ETH, raising its total to 5.39 million ETH worth $11.5 billion, about 4.47% of Ethereum's circulating supply. Chairman Tom Lee described this as part of an aggressive accumulat...
