Ethereum Archives - Page 8 of 16

Charles Hoskinson Drops Bomb on Ethereum – Says It Might Not Survive another 10 years

Charles Hoskinson Just Threw Major Shade at Ethereum

Ethereum’s got beef — and it’s coming from inside the house. Charles Hoskinson, OG co-founder of ETH and the mastermind behind Cardano, just dropped some savage takes in a recent AMA with Altcoin Daily. Spoiler: He’s not bullish on its future.

When someone asked him, “What would you have done differently if you were running the Ethereum Foundation?”, Charles didn’t hold back. He basically went full roast mode and called out:

Wrong protocols
Flawed accounting models
Problematic consensus models
Broken virtual machines
No proper on-chain governance
And a “parasitic” Layer-2 ecosystem

Yikes.

Ethereum = MySpace?

Charles literally said he doesn’t think it will survive another 10–15 years. Why? He believes Bitcoin’s DeFi game is leveling up fast and will start stealing the spotlight. Plus, its reliance on Layer-2s is apparently draining all its “alpha,” leaving the core chain to stagnate.

In his words:

“It’s like MySpace or BlackBerry — a victim of its own success.”

He also threw a little side-eye at Vitalik Buterin, suggesting it’s getting harder and harder for him to keep it together with just charisma and vibes.

Backstory moment: Hoskinson and Vitalik built the platform together in 2013, but Charles got booted the next year. His vision was to make it a for-profit company, while Vitalik was all about the nonprofit route. That drama still kinda lingers 👀

TL;DR:

Hoskinson thinks Ethereum’s got serious issues and might not make it to 2040. From bloated design to over-reliance on L2s and no real governance — it’s giving “end of an era” energy. And yeah, he thinks Bitcoin might just eat its lunch.

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NFT Market Volume Dips 4.7% to $95.9M While Buyer Surge Shocks Everyone

NFTs are throwing us a curveball this week

The NFT world is giving us major mixed signals right now. While sales volume dipped by 4.7% to $95.9 million, the number of people getting involved has exploded. Like, for real—NFT buyers are up by a ridiculous 96.6%, hitting over 252,000, and sellers aren’t far behind with a 79.2% jump. Even the total number of transactions is up by 10.4%, crossing 1.5 million. So basically, everyone’s showing up to the party… but not spending as much.

Ethereum is still king of NFT blockchains, but even it took a hit. Sales volume on Ethereum fell by 38.7% to $21.6 million, and even its wash trading dropped 23% to $2.1 million. Meanwhile, Polygon (formerly MATIC) is having its moment. It held tight to the second-place spot with $21.1 million in sales, which is actually up by 21.5%. And get this—Bitcoin NFTs are thriving too, sliding into third with $17.2 million in sales, up a crazy 42.2%. Mythos Chain and Solana round out the top five, with Mythos sitting at $14.9 million (+5.4%) and Solana rebounding 7% to reach $6.8 million.

What’s really wild is how many new buyers are flooding in. Solana’s buyer count skyrocketed by 133.7%, Bitcoin’s jumped 128.9%, and Polygon’s grew by 125%. So while the big-name collections might be struggling, the interest in NFTs isn’t dead—it’s just evolving.

Speaking of big names, CryptoPunks is seriously in its flop era. Sales for the iconic Ethereum-based collection dropped a brutal 80.5%—from $9.1 million last week to just $1.7 million. That’s not even the worst part. Transactions are down by over 50%, buyers dropped by 56.6%, and sellers dipped 59.4%. CryptoPunks went from ruling the charts to barely hanging on at sixth place. It’s giving “retired rockstar” energy.

That said, some collections are still thriving. Courtyard on Polygon is leading the pack this week with $19.5 million in sales, up 24.6%. DMarket follows with $9.7 million (+8.8%), and Guild of Guardians Heroes came in third with $3.8 million. Even Bitcoin’s BRC-20 NFTs are getting love, hitting $3.6 million in sales, which is a solid 42.1% jump.

And while CryptoPunks as a collection is taking Ls, individual pieces are still pulling insane numbers. SuperRare #10093 snatched the top spot, selling for 255 ETH (around $419K). Meanwhile, four of the next top five sales were all CryptoPunks: #3873 went for 165 ETH ($259K), #1820 for 72.69 ETH ($118K), #1999 for 65 ETH ($103K), and #7163 for 62.5 ETH ($99K). So yeah, they’re still kinda flexing in the VIP room.

Bottom line? The NFT market is doing the opposite of what we expected. Sales are down, but engagement is booming. It’s chaotic, it’s unpredictable, and it’s very on-brand for 2025. Let’s see what curveball it throws next week.

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Whale Snags $65M in ETH During the Dip & Sends It Straight to Aave

Whale Snaps Up $65M in ETH and Goes Full DeFi Mode

While the crypto market’s having an identity crisis and ETH is down bad, one absolute chad of a whale just went on a $65 million shopping spree — and didn’t just HODL.

This whale scooped up a crazy 33,441 ETH over the last 10 days, averaging about $1,959 per ETH. They even added 4,100 ETH today alone at $1,785, showing zero chill while others were panic-selling.

But Wait, It Gets Smarter…

This isn’t just a flex — the whale deposited the entire bag into Aave, a DeFi lending protocol, instead of letting it sit cold in a wallet. According to Lookonchain and Debank, the total ETH now staked on Aave is 33,723.76 ETH (worth ~$60.98M), earning 1.97% APY.

This is what the pros call: “capital efficiency.” Why just sit on the coins when you can farm yield on them too?

ETH Price Down? Whale Sentiment Up

ETH may be chilling in oversold territory, but analysts are lowkey optimistic. The charts are screaming rebound potential — and moves like this whale’s are textbook “smart money” strategies.

Instead of waiting for hype to come back, this whale bet big while everyone else was fearful. That’s a major long-term W if the market rebounds.

TL;DR:

Whale bought 33,441 ETH ($65M) during the dip
ETH price average: $1,959
All ETH staked on Aave for yield (1.97% APY)
Potential bullish signal as smart money deploys in DeFi
ETH oversold = possible bounce incoming

What This Means for the Market:

Whales are still playing the long game
DeFi is where idle bags go to grow
Watch for ETH momentum if whales keep stacking

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Fidelity Unveils 3-Crypto IRA With Bitcoin, Ethereum & Litecoin

Fidelity Investments is expanding its crypto offerings with a new crypto IRA, allowing investors to hold Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) directly in tax-advantaged retirement accounts.

Fidelity Introduces Crypto IRA With Bitcoin, Ethereum, Litecoin

Available to U.S. citizens aged 18 and older, it offers zero fees and can be set up as a Roth, traditional , or rollover. Fidelity stores assets in cold wallets via Fidelity Digital Assets, ensuring long-term security.

The move comes amid rising demand for crypto retirement investments. A TMX Vetta Fi survey found that 57% of financial advisors plan to increase their crypto ETF exposure. While ETFs remain popular, Fidelity provides a direct crypto holding alternative.

A Fidelity spokesperson stated, “We are committed to evolving with investor interests by offering secure and tax-efficient crypto investment solutions.”

Beyond this, Fidelity is expanding crypto investment options, recently filing for a Solana ETF on Cboe Exchange. As traditional finance leans further into crypto, Fidelity’s push signals digital assets are now a core investment class.

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5 Shocking Ways Bybit Hackers Crashed ETH Below $1,900—Panic Selling Ensues!

Ethereum just took a nasty dive, slipping below $1,900, and all signs point to hackers dumping stolen token as the trigger.

Over the past 12 hours, two fresh wallets moved 14,064 ETH through THORChain and Chainflip, later flipping it for $27.5 million in DAI at an average price of $1,956 per 1 token.

According to Lookonchain, these wallets racked up it in multiple transactions before swapping it—one using CoW Swap, the other using Uniswap. Looks like they’re shuffling funds across chains to dodge tracking while securing their bag in stablecoins.

Bybit Hacking Consequences

Traders are freaking out, and analysts believe low liquidity is making things worse. With all this selling pressure, the token couldn’t hold key support levels and plunged another 6.36% today.

As of now, its sitting at $1,890, down over 6% in the last 24 hours. It was already struggling at $1,900, but instead of bouncing back, it cracked further under the pressure.

🤔 Why’s ETH actually dropping?

There’s still no clear reason, but this hacker sell-off is definitely a major factor. With such huge volumes being dumped, it’s no surprise it completely is taking a hit.

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ENA’s $3.29M Token Unlock: Will It Ignite a Rally or Not?

ENA Price Heats Up Ahead of Unlock

Ethena’s ENA token is on fire as it nears a major unlock in just an hour. The price has climbed 4.66% in the last 24 hours, currently sitting at $0.4170, with its market cap hitting $2.2 billion. Trading volume has also surged 17.35% to $231.46 million, as traders brace for impact.

What’s Being Unlocked?

This event will introduce 7.93 million ENA tokens into circulation, valued at around $3.29 million. While this amount alone might not be a game-changer, the real concern lies ahead—a massive cliff unlock is coming soon.

A total of 7.93 million of the token, worth $3.29 billion, is about to flood the market. That’s huge, and traders are watching closely to see if the token will hold its ground or face a wave of sell-offs.

How Much ENA Is Still Locked?

51.32% (7.70B ) is still locked.
35.19% (5.28B ) is already in circulation.
13.49% (2.02B ) is “TBD locked” with an uncertain release date.

Who Holds the Supply?

25% – Private investors
30% – Team, advisors, and contractors
17.5% – Ecosystem incentives
15% – Foundation
12.5% – Airdrops and bounties

The Bigger Picture: Ethena’s Synthetic Dollar Vision

It isn’t just about the token—it’s building a synthetic dollar protocol on Ethereum. Their key product, the Internet Bond, aims to be a crypto alternative to traditional savings.

But for now, all eyes are on this massive token unlock. With billions of tokens about to hit the market, the big question remains—will the price keep rising, or is a major dump coming?

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$13M Vanishes as GMX-Abracadabra Link Falls Prey to Heinous Exploit

Massive Breach Hits GMX-Abracadabra Integration

Approximately $13 million worth of Ethereum was stolen in a recent exploit targeting the integration between GMX, a decentralized exchange, and Abracadabra, a DeFi lending protocol.

PeckShield Confirms the Attack

On March 25, blockchain security firm PeckShield confirmed the breach, revealing that the attacker drained 6,260 ETH from smart contracts associated with Abracadabra’s “cauldrons” on its V2’s GM pools. The stolen funds have since been bridged from Arbitrum to Ethereum and are now scattered across three addresses.

GMX Assures Core Contracts Are Safe

Jonezee, a GMX representative, quickly clarified that their primary contracts remain secure and that the breach is isolated to Abracadabra’s integration.

“To clarify, GMX contracts are not affected. It relates to Abracadabra/Spell’s cauldrons based on GMX V2’s GM pools. The contributors are currently looking into the cause, and I’d like to apologise wholeheartedly to anybody negatively affected. This is very unfortunate,” stated Jonezee.

How the Attack Happened

Abracadabra’s cauldrons are specialized smart contracts that facilitate lending, borrowing, and liquidity provision. These cauldrons rely on liquidity pools from the victim themselves, which appears to be the attack vector exploited by the hacker.

Not the First Abracadabra Breach

This is not the first time Abracadabra has faced security vulnerabilities. In January 2024, the protocol’s Magic Internet Money (MIM) stablecoin was manipulated through a smart contract flaw, enabling attackers to distort its price.

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As investigations continue, the breach raises fresh concerns over the security of DeFi integrations and the risks associated with cross-platform dependencies.

Ethereum’s Price Struggles: Is a $1,200 Crash Incoming?

Ethereum is experiencing some tough times. After reaching highs of $3,432 in January, the price of Ether has dropped nearly 50%, touching a low of $1,750 in March 2025. Although there’s been a small rebound, the token’s price has failed to break above the $2,000 mark and is showing signs of weakness.

Ethereum’s recent performance is being mirrored in its network activity. Onchain data shows that the daily transaction count has fallen to levels not seen since October 2024, before Donald Trump’s presidency. Low transaction fees are also raising alarms, hitting an all-time low of just 0.00025 ($0.46) in late March.

So, what’s going on with it? Low transaction fees and activity generally indicate that interest in the platform is slowing down. Think of it like a crowded concert with less hype – people just aren’t as interested anymore, and fewer transactions are happening on the network.

Why Transaction Fees Matter

In the past, their fees spiked, especially during the 2021 DeFi boom. High demand for block space made gas fees surge, driving up the price of ETH. But now, with the decrease in fees, there’s less demand for their services – and less demand means a drop in price.

Historically, lower fees signal lower market confidence, which puts pressure on the token’s value. The price of Ether is highly correlated with network activity, and since things are quiet, its price is feeling the pinch.

Rising Inflation and Decreasing Burn Rate

Another major issue for it is its increasing inflation. The ETH burn rate, which was once a deflationary force, has plummeted. With the transition to proof-of-stake (PoS) and the implementation of the London hard fork in 2021, it used to burn a portion of transaction fees, but now that burn rate is almost non-existent. This means more ETH is being issued than is being burned, leading to an inflationary supply. As a result, their supply is rising again, which also weighs down its price.

Bear Flag Pattern Signals $1,230 Target

Ethereum’s price chart shows a bearish pattern known as a “bear flag.” This formation suggests that the token could be in for a major drop if it breaks below the $2,000 level. The target for this potential drop? Around $1,230 – a 40% drop from the current price.

Even though some traders are optimistic about a potential bounce back, their current outlook looks grim. Some analysts believe ETH is “undervalued” and could be bottoming out, but there’s still a lot of uncertainty in the market.

What’s Next for ETH?

If the token does drop to $1,200, it’ll be a big blow to the crypto market. But if it can break through resistance levels, it might surprise us and recover. Either way, the coming weeks are crucial for Ether, and only time will tell if the $1,200 price target will come true.

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Breaking ! Solana’s Anatoly Yakovenko Destroys L2s: The Overhyped Scam?

Solana’s Anatoly Yakovenko Roasts Layer 2: Do We Even Need Them?

Solana co-founder Anatoly Yakovenko is back at it again, dunking on Layer-2 rollups and questioning why they even exist. According to him, L1 blockchains—like solana—are already fast, cheap, and secure enough to handle everything, so why add extra complexity?

Yakovenko argues that L2s just introduce unnecessary risks, like fraud proofs and multi-sig upgrades, which only complicate things. Instead of building an layer 2, he suggests devs just launch a token and call it a day. He believes there’s a limited number of actually useful smart contracts, so the whole layer 2 boom is just overhyped.

Taking shots at Ethereum’s scaling model, he claims layer 2s are actually hurting Ethereum instead of helping it. By siphoning high-priority transactions away from the main chain, Yakovenko thinks they’re weakening Ethereum’s core rather than strengthening it. He’s even called layer 2 “parasitic” since they rely on Ethereum while taking value away from it.

To make things worse for Ethereum, its transaction revenue has crashed by 95% since late 2021. Yakovenko sees this as proof that layer 2 aren’t the solution—they’re part of the problem. In his view, it’s time to stop stacking layers and just make Layer-1s better instead.

What do you think—L2s are the future, or is Yakovenko spitting facts?

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Ether’s Supply Dips to 10-Year Low—Will This Spark a Massive Price Surge?

Ether’s supply on crypto exchanges has plummeted to its lowest level since November 2015, sparking speculation that a major price rally could be imminent. According to crypto analytics platform Santiment, the available supply of ETH has dropped to 8.97 million, marking a near decade-low. This decline suggests that investors are moving their ethereum into cold storage wallets, signaling growing confidence in ETH’s future price performance.

The decrease in supply has led some analysts to predict an upcoming price surge, akin to what was seen with Bitcoin in January 2021 when Bitcoin reserves on exchanges hit a seven-year low before surging to new all-time highs. With demand potentially outpacing supply, some traders are forecasting a similar supply shock for ETH in the coming months.

Crypto trader Crypto General believes it’s only a matter of time before the “big supply shock” occurs, and commentator Ted predicts that this could lead to bidding wars among buyers. Meanwhile, other analysts have set lofty price targets for E, with one predicting ETH could soar as high as $8,000 to $10,000, which would represent a 64% increase from its all-time high of $4,878 reached in November 2021.

However, the bullish narrative is tempered by some bearish signals. Ether’s performance against Bitcoin is currently at its lowest in five years, and its price has fallen by 26% over the past month. Additionally, spot Ether ETFs have experienced 12 consecutive days of outflows, totaling $370.6 million.

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Final Thoughts on Ether

While some believe Ethereum could be at a generational bottom, others caution that the asset may continue to struggle in the short term. Will Ether’s declining supply lead to a massive rally, or is this just a temporary blip in an ongoing downtrend?