The Ethereum Foundation has responded to criticism over its recent ETH sales and unstaking activities, clarifying that its primary role is to support the Ethereum protocol rather than influence ETH's market price. Researcher William Mougayar highlighted that the Foundation operates as a non-profit focused on funding core operations like protocol research and ecosystem development, not as a marketing entity for ETH. Recent sales to BitMine and large unstaking moves have sparked debate among ETH holders seeking clearer communication. The Foundation aims to reduce its central role as Ethereum matures, prioritizing long-term protocol health over short-term market reactions.
Infinit (IN) surged nearly 10% on Upbit with a 500% spike in trading volume, reaching about 53.49 billion won in 24-hour turnover. This surge placed Infinit at the top of Upbit's investor sentiment rankings with an 'extreme greed' score of 97, signal...
Ethereum's recent Glamsterdam upgrade cut network fees by 78%, causing transaction fees and revenue to fall to record lows. Despite this, on-chain activity is strong, with monthly transactions hitting nearly 80 million, an all-time high. This suggest...
BitMine Immersion Technologies ($BMNR) has been added to the Russell 3000 Index, enhancing its visibility and access to institutional investors. This inclusion allows automatic inflows from index-tracking ETFs and passive funds, potentially increasin...
Stablecoin market capitalization has surged to a record $323 billion, with over $3 billion added this month, signaling strong liquidity in the crypto market. This increase supports Ethereum, the leading Layer-1 network, despite its recent weaker perf...
A pseudonymous trader named Evaded secured $4.6 million in profits by closing long positions in HYPE, ZEC, and ETH. Immediately after, the trader opened a large short position of 990 bitcoins worth about $74.84 million on Hyperliquid, which had alrea...
