Bit Digital, a Nasdaq-listed digital asset platform, has fully transitioned from Bitcoin to Ethereum, selling its entire BTC stack to acquire over 100,000 ETH worth approximately $254 million. The firm raised $172 million through public offerings and BTC sales, aiming to become a leading Ethereum treasury company. CEO Sam Tabar highlighted Ethereum’s programmable nature, growing adoption, and staking yield model as key reasons for the shift. Despite the significant investment, Ethereum’s price has not reacted positively, dropping 2% to $2,528 amid broader market declines. Bit Digital joins other firms like SharpLink and Bitmine in adopting ETH-forward treasury strategies, marking a growing trend in corporate crypto holdings.
about Bit Digital Shifts to Ethereum with $172M InvestmentEric Conner
0 posts last weekEthereum Price Eyes $3,300 Breakout Amid Bullish Signals
Ethereum’s price is consolidating near $2,555, with analysts predicting a breakout toward $3,300. Key factors include declining exchange balances (only 9M ETH available), record stablecoin activity ($251B market cap), and strong Spot ETF inflows ($1.17B in June). Analysts describe ETH as a ‘powder keg’ due to supply scarcity and rising demand, with whale accumulation reaching 2017 levels. A decisive move above $2,600 resistance could trigger a rapid upward surge.
about Ethereum Price Eyes $3,300 Breakout Amid Bullish SignalsSEC Chair Backs DeFi, ETH Surges 8%
SEC Chair Paul Atkins emphasized the alignment of DeFi with American values like economic liberty and innovation during the Crypto Task Force Roundtable. He criticized applying traditional securities laws to blockchain systems, clarifying that staking and self-custody fall outside federal securities regulations. Atkins proposed an ‘innovation exemption’ to foster compliant on-chain products, aiming to position the U.S. as the global crypto leader. Ethereum prices jumped 8% on the news, though resistance at $2,720 remains a hurdle. The remarks mark a pivotal moment for DeFi regulatory clarity, with Ethereum’s $68B DeFi dominance reinforcing its market leadership.
about SEC Chair Backs DeFi, ETH Surges 8%Coinbase Cuts Unnecessary Account Freezes by 82%
Coinbase has significantly reduced unnecessary account freezes by 82%, according to CEO Brian Armstrong, who acknowledged the issue as a persistent problem for users. The exchange has invested in machine learning models, infrastructure, and team resources to improve precision in flagging accounts, while moving processes like KYC verification into the app for faster resolution. Despite progress, some users continue to report issues, highlighting ongoing challenges in balancing security with user convenience. Dor Levi, leading the effort, emphasized the goal of making freezes rare and limited to necessary cases like legal obligations or fraud prevention. The announcement follows years of user complaints, including high-profile cases like EthHub’s Eric Conner, whose account was frozen for using a VPN.
about Coinbase Cuts Unnecessary Account Freezes by 82%SharpLink Launches $425M Ethereum Treasury with Lubin
SharpLink Gaming announced plans to establish a $425 million Ethereum (ETH) treasury, guided by Consensys CEO and Ethereum co-founder Joseph Lubin. The company raised funds through a private investment in public equity (PIPE) deal, issuing 69.1 million shares at $6.15 each, with management participants paying $6.72 per share. The proceeds, expected to close on May 29, will be fully converted into ETH, serving as the firm’s primary treasury reserve while maintaining its operational business. Lubin will join SharpLink’s board to advise on treasury strategy, calling the move an opportunity to bring Ethereum to public markets. The initiative has drawn comparisons to MicroStrategy’s Bitcoin strategy, with analysts highlighting potential supply compression and bullish implications for ETH adoption on corporate balance sheets.
about SharpLink Launches $425M Ethereum Treasury with LubinEthereum Proposes 66% Gas Limit Increase to Boost Efficiency
Ethereum core developers are pushing for a significant gas limit increase from 36 million to 60 million units to improve transaction throughput and reduce congestion. The proposal, backed by nearly 80% of validators, follows successful testnet trials and could lower Layer 1 fees by 10-30%. This marks the second gas limit adjustment in 2024, with strong support from key figures like Vitalik Buterin, who advocates for scaling Ethereum’s base layer despite the rise of Layer 2 solutions. The move aligns with post-Pectra update optimizations and aims to meet growing network demand.
about Ethereum Proposes 66% Gas Limit Increase to Boost EfficiencyEthereum Faces Competition as ChowWow Achieves New Milestone in Presale
Ethereum (ETH) faces challenges to its dominance as rising gas fees and scalability issues allow competitors like Ripple (XRP) to gain ground. Meanwhile, ChowWow ($CHOW) has achieved a significant milestone in its presale, raising over $200,000, and offers unique features such as a play-to-earn gaming platform and staking opportunities for investors. As Ethereum’s price drops, the crypto market remains volatile, with analysts predicting further declines for XRP.
about Ethereum Faces Competition as ChowWow Achieves New Milestone in PresaleEthereum Foundation Allocates 120 Million Dollars to DeFi Protocols
The Ethereum Foundation has allocated $120 million in Ether to decentralized finance (DeFi) protocols, including 30,800 ETH to Aave, marking its largest DeFi investment. This move aims to alleviate community concerns over the foundation’s previous reliance on ETH sell-offs for funding. Community members have praised the decision, viewing it as a positive shift towards supporting DeFi without negatively impacting ETH’s market value.
about Ethereum Foundation Allocates 120 Million Dollars to DeFi ProtocolsEthereum Foundation Allocates 120 Million to DeFi Protocols Amid Community Support
The Ethereum Foundation has allocated $120 million in Ether to decentralized finance (DeFi) protocols, including 4,200 ETH to Compound, 10,000 ETH to Spark, and 30,800 ETH to Aave, amid community concerns over its previous reliance on ETH sell-offs for funding. This move has been celebrated by community members and DeFi leaders, who view it as a strategic shift towards enhancing liquidity and reducing the need to sell ETH for operational expenses. The foundation hinted at further deployments and is exploring staking options, signaling a commitment to engaging more with the DeFi ecosystem.
about Ethereum Foundation Allocates 120 Million to DeFi Protocols Amid Community SupportMovement Network Launches MOVE Token Amid Trump-Linked DeFi Activity
MOVE, the utility token of the Ethereum layer-2 network Movement, surged to $0.89 after World Liberty Financial, a DeFi platform linked to Donald Trump, purchased $1.9 million worth. Despite a slight retracement, MOVE remains up 7% on the day, leading the top 100 tokens tracked by CoinGecko.The Movement Network Foundation recently launched MOVE with an $830 million airdrop, while World Liberty Financial also acquired $47 million in Wrapped Bitcoin. Amidst these developments, rumors surfaced about Movement Labs potentially collaborating with Elon Musk’s Department of Government Efficiency to explore blockchain applications for transparency in government spending.
about Movement Network Launches MOVE Token Amid Trump-Linked DeFi ActivityUniswap CEO Proposes EIP to Enhance Ethereum Ecosystem and Collaboration
Uniswap CEO Hayden Adams proposed a controversial Ethereum Improvement Proposal (EIP) suggesting a one-time inflationary event to acquire leading DeFi projects and Layer-2 solutions, aiming to unify the Ethereum ecosystem. This proposal has sparked discussions on collaboration among L2 teams, with Ethereum advocate Jill Gunter calling for greater neutrality and coordination. Amid leadership changes and concerns over governance, the Ethereum community is grappling with its fragmented approach to scaling and interoperability, as highlighted by recent departures and proposals for restructuring.
about Uniswap CEO Proposes EIP to Enhance Ethereum Ecosystem and CollaborationEthereum’s Dominance at Risk Amidst Internal Struggles and Rising Competition
Ethereum’s dominance is under threat as its price stagnates between $3,200 and $3,500, while competitors like Solana and XRP gain traction with superior scalability and lower transaction costs. Internal challenges, including the departure of key developers, raise concerns about the Foundation’s leadership and future direction. As Ethereum struggles to adapt, it faces increasing pressure from rivals, with XRP surging 350% against it since November 2024, potentially positioning itself to surpass Ethereum soon.
about Ethereum's Dominance at Risk Amidst Internal Struggles and Rising Competition