Ethereum faces growing competition from Layer 2 networks, impacting its fee revenue and decentralization while fragmenting the ecosystem.
Ethereum's exchange balances hit a new low of 9.75%, suggesting potential supply shocks as ETH moves off exchanges and into long-term storage.
AI
Vitalik Buterin identifies major tech threats, advocating for decentralized solutions beyond finance, including concerns about AI, centralized systems, and mind-reading tech.
Ethereum Foundation clarifies $94M ETH transfer to Kraken, addresses community concerns, and emphasizes the need for transparency.
Crypto
The Ethereum Foundation transferred 35,000 ETH ($94 million) to Kraken, marking its largest move of 2024 amid market speculations.
Binance founder CZ Zhao remains under legal scrutiny, transferred to a halfway house amid new legal challenges and ongoing regulatory pressures.
Vitalik Buterin reaffirms Ethereum's resilience, highlighting Layer-2 growth, ZK technology, and the impact of the recent Dencun upgrade.
Bitcoin's dominance surges to a 40-month high of 78.8%, outpacing Ethereum as demand for BTC ETFs continues to grow.
Golem address transfers 4,000 ETH to Coinbase and Binance, fueling bullish sentiment as Ethereum shows signs of growth.
Ethereum’s Layer 2 networks boost scalability, reduce fees, and shift demand towards DeFi and staking, reshaping the blockchain's future.
Block trading resurgence hits $500M in notional value, focusing on Bitcoin and Ethereum options strategies.
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