Ethereum (ETH)

Ethereum failed to scale over the last four years! Losing its lead in usage to competitors like SOL & HYPE All while we were ostracized for critiquing L2's & advocating for L1 scaling ETH continues to be wrong, pivoting to another bad roadmap that ignores the need for speed!

🇰🇷SOUTH KOREAN FUNERAL FIRM LOSES $33M ON ETH-LINKED BET Bumo Sarang, a major South Korean funeral service company, reportedly invested about $40M in a leveraged ETF tied to BitMine's $ETH -linked stock. After the value dropped, the firm was left with an unrealised loss of roughly $33 MILLION.

When you’re counting ecosystem team in Africa, Ethereum has the most stupid ones. They barely do not do anything. Sadly I know a lot of them.

0.007 ETH to 0.0133 ATH 5031 Supply With 922 Congratulations to @rudcef for a beautiful sell out on @ebisu_xyz Looking for an entry on secondary -- NFTs https://t.co/DqcCGAZTPy

Tokenized assets hit $33 billion 1600% increase in two years Blackrock BUIDL, ONDO what else? Everything is settled on Ethereum. But I thought $ETH is dead. You guys don't even know who your Overlord is do you? You think your life is decided by your free will? https://t.co/iwyZ00GabM

Privacy coins catching a bid as narrative heats up!

the next big on-chain wealth creation event will be people recognizing that apps can/should be more valuable than blockchain gas tokens in most situations. institutions are overexposed blockchains, underexposed strong apps. those sticking out the bear market are realizing it and are short majors and long strong apps and institutional money is getting pinched. those fancy jpegs might have a buyer soon

Blockchains are businesses. Or at least they should be run like them. By ignoring this, the Ethereum Foundation is leading Ethereum down one of the worst paths imaginable. I've been wanting to write this up for a while, as a former ETH maxi, who got disillusioned enough to start actively working on a rival L1. The latest string of resignations at the EF is a clear sign something is amiss. Too many big names and skilled technical people are leaving in too short a period. Word on the street is that it's due to two reasons. First: compensation. The EF pays badly. Why would the best technical talent in the space stay when they could get seven figures at a rival team? Second: strategy. What I hear is that people are deeply dissatisfied with the new EF mandate. This is likely why all protocol leads, and some key researchers have left. The new mandate (which forced staff to sign or resign) is to 'reduce the Foundation's relative influence' over Ethereum. This aligns with Vitalik's public narrative for the chain, which is opposite the narrative of almost every competitor, and even the narrative from teams within the Ethereum ecosystem. The EF is increasingly moving itself into a passive position, while the market demands active stewardship. In my opinion, that's insane. Ethereum is a global network that costs $2.5 billion per year to operate. There is no scenario where, in the fullness of time, those costs are sustainable without a sustainable mechanism to drive value into the system. Ethereum as a smart contract chain is not special. It was just first. Why would a bank, or a payment network, or a startup build on Ethereum and not another blockchain that is an order of magnitude cheaper and faster? They wouldn't. Especially when other teams are running ads outside their offices, hopping in their DMs and organizing events on Wall Street. Blockchains are businesses. They need distribution. Marketing, BD, partnerships. All of which need to be driven by leadership that wants the business to succeed. It's also a tech business, meaning it needs constantly ship product and innovate to stay relevant. On the current trajectory, Ethereum won't remain the dominant chain for DeFi or stablecoins. The only future future is one where Ethereum lives on in a diminished form, as a monument to cypherpunk values. I say this with love for Ethereum. It is one of the most important technologies of the 21st century so far. I still own more ETH than any other asset by far. I want to see a world where Ethereum is the world computer, but I don't believe that's what we're heading towards.