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.
A whale address on Hyperliquid opened leveraged long positions totaling about $28.8 million across Bitcoin, Ether, and NEAR on October 12. The address used 40x leverage to buy 200 BTC at an average price of $83,604.50, 25x leverage for 4,000 ETH at $...
A mysterious Bitcoin whale sold 410.14 BTC worth about $34.16 million to buy 14,341 ETH valued at around $36.14 million, signaling a strong bet on Ethereum. This move coincides with Ethereum's recent price outperformance against Bitcoin and increased...
Ether (ETH) traded around $2,571 on October 12, hovering below its 20-day moving average and near resistance levels at $2,601 and $2,630. Technical analysis shows two possible paths: a bullish breakout above $2,700–$2,720 could push ETH toward the $3...
Two wallets historically linked to the Ethereum Foundation transferred a total of 4,393 ETH, worth about $11.13 million, to the Kraken exchange on October 12. This movement raised questions about a potential sale, although neither the Ethereum Founda...
Bitcoin has been trading in a narrow range around $82,000 to $83,000, disappointing many investors expecting a strong October rally known as "Uptober." This contrasts sharply with October 2025, when Bitcoin hit an all-time high above $126,000 before ...
