Santiago Roel Santos critiques crypto’s network effects, claiming they don’t justify valuations. Analysts debate his views, with some asserting L1 blockchains hold real value at the infrastructure level. #Update #Crypto
@RelianceGlobal has liquidated its entire digital asset portfolio, converting it to $ZEC, with experts projecting a bullish trend for Zcash. CEO Ezra Beyman cites privacy architecture as a key factor. #Update #Crypto $ZEC
Ethereum’s Vitalik Buterin expressed mixed feelings about X’s crackdown on foreign sock puppet accounts posing as American conservatives. #Update #Social $ETH
Ethereum price recovers above $2,880, trading over $2,900 with bullish momentum if it surpasses $3,000 resistance. Key support at $2,880. #Update #Crypto $ETH
@MegaETH’s pre-deposit event faced technical failures, leading to an oversubscribed raise of $500 million, exceeding the $250 million cap. Plans for a $1 billion raise were scrapped. #Update #Crypto $ETH
Anchorage Digital is creating a GENIUS Act-compliant framework to distribute yield-like rewards for Ethena’s stablecoin tokens, avoiding interest payment restrictions. #Update #Stablecoin
BitMine Immersion Technologies now holds over 3.6 million $ETH, reaching 60% of its goal to accumulate 5% of all Ethereum. BMNR stock surged nearly 20%. #Update #Crypto $ETH
@X platform’s new feature revealing users’ countries has drawn criticism from @VitalikButerin and @haydenadams, who label it as forced doxxing. X plans to adjust settings for privacy concerns. #Update #Crypto
@BitMine buys 21,537 $ETH for $60M, now holding over 3% of supply despite $4B in unrealized losses, plans US-based MAVAN validator network. #Breaking #Crypto $ETH
A major JavaScript supply-chain attack has compromised over 400 packages, including at least 10 widely used in the crypto ecosystem, posing risks to projects like Ethereum Name Service (ENS). #Breaking #Crypto $ETH
@Bitmine Immersion Technologies, backed by Tom Lee, has acquired 28,625 $ETH for $82.11M, boosting its total holdings to 3.6M ETH. BMNR stock rises nearly 5% amid increased trading volume. #Update #Crypto $ETH
A study reveals only 8%-11% of the $3.2T crypto market yields returns, compared to 55%-65% in traditional finance, hindering institutional adoption. #Update #Crypto $ETH
Bitcoin dips below $88,000, attempting recovery but facing resistance at $89,500. Trading below the 100 hourly SMA, further declines possible if it falls under $85,000. #Update #Crypto $BTC
@BitwiseInvest CIO highlights redesigned economics in $ETH, $UNI, and $XRP boosting value capture and bullish sentiment. #Update #Crypto $ETH
