Ethereum is off to a rocky start this 2025, and its vibrant dev community isn’t happy. According to reports, the Ethereum Foundation has recently moved a substantial amount of Ether. The foundation’s transactions to move and sell its tokens became messier when one of its employees attempted to explain the situation, generating a lot of backlash. Related Reading: $24 XRP Prediction: Bitcoin Maxi Calls It Risky But Possible Ethereum’s recent transactions have occurred since Bitcoin and other top tokens have been ripping through the charts. Price-wise, Ethereum is trading between $3,200 and $3,384, which is too far from 2021’s high of $4,870. What’s Up, Ethereum Foundation? The Ethereum Foundation, the primary organization supporting the development of the blockchain, is not helping the cause. Regardless of its intention or the overriding objectives for unloading massive ETH tranches, these moves still leave a bad taste in the mouths of most holders and supporters. According to a recent post by Spot On Chain on Twitter/X, the foundation has recently moved another 100 ETH in exchange for 336,475 DAI. According to the account, the foundation sold 200 ETH tokens for $67k in the first few days of 2025 at an average cost of $3,361. The account added that ETH is 31% below its 2021 high of $4,878, while Bitcoin continues to retest its highs and currently breached the $109k level. [ATTENTION] The Ethereum Foundation just sold another 100 $ETH for 336,475 $DAI! In total, they have sold 200 $ETH ($672K) in 2025 at an average price of $3,361 over the past 12 days.$ETH remains 31% below its 2021 ATH of $4,878, while $BTC has hit a new ATH of $109K today!… https://t.co/9CWWVsrfhj pic.twitter.com/ZOr504i1HG — Spot On Chain (@spotonchain) January 20, 2025 Ether Supporter’s Comments Draw Negative Feedback The foundation’s latest transaction, the sale of 100 tokens, came after Josh Stark’s comments came to light. Stark, a popular ETH supporter, defended the foundation’s decision to sell these ETH tokens, arguing that they’re still actively using the blockchain’s native token. the EF uses Ethereum all the time, for instance to (1) swap ETH for stables (usually @CoWSwap) and (2) to pay people (grantees, team members) in stables and ETH, on mainnet and L2s. Events we run (like Devcon and Devconnect) take onchain payments and use onchain ID for tickets. — Josh Stark (@0xstark) January 20, 2025 In a Twitter/X posting, Stark explained that the foundation uses its tokens every time. These tokens buy stablecoins, pay their people in stablecoins, and support the blockchain’s events. Stark’s comments didn’t sit well with some crypto observers and commentators. Twitter/X user WazzCrypto hit Stark for using ETH “dump” as an explanation to support the foundation’s transactions. User @VelvetMilkman was disappointed with Stark, arguing that it’s a lame excuse for using the altcoins. Meanwhile, X user Trading_Axe has a more scathing, and no holds barred take on the issue: Their brains actually do not work at all. The fuck you need 300K for so urgently? What could you POSSIBLY, as the ETHEREUM FOUNDATION, when the entire world is watching, need 300K OF A PUBLIC SELL ORDER for? Mindless cockroaches. Retar Dio. — ً (@trading_axe) January 20, 2025 Related Reading: Trump Son Drops Hints About Major World Liberty Plans After Massive Ether Buy Buterin Sets The Record Straight For ETH Many critics say Ethereum is losing ground against other blockchains, particularly Solana. As such, many recommend that Ethereum stake its tokens instead of selling them to generate yields. The increasing number of comments and criticisms against the foundation has caught the attention of Vitalik Buterin, Ethereum’s co-founder. Buterin said the team has also explored many options, including staking their tokens. However, regulatory issues and potential problems with the hard fork prevented them from doing so. Although there’s a friendly regulatory environment right now, the risks associated with staking remain high. Featured image from ETF Stream, chart from TradingView
Avalanche is positioning itself for significant growth in the US by leveraging the Trump administration’s focus on technological advancement On Jan. 21, Emin Gün Sirer, founder of Ava Labs, shared optimism about the administration’s emphasis on innovation, describing it as a timely push for transformative growth. According to him, Avalanche intends to align its initiatives […]
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The Silk Road founder in 2015 had been sentenced to life in prison without the possibility of parole.
Ross Ulbricht, the founder of the Silk Road dark web marketplace, has been granted a full and unconditional pardon by former U.S. President Donald Trump. The move brings an end to Ulbricht’s life sentence, a punishment he received for creating and operating Silk Road, an online platform infamous for facilitating illegal activities. The pardon, viewed […]
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Those who convicted Ulbricht were "some of the same lunatics involved in the modern-day weaponization of government against me," Trump wrote Tuesday.
US President Donald Trump has followed through on his promise to pardon Ross Ulbricht, the founder of the online drug market Silk Road, who was imprisoned for over a decade.
Trump's pardon of Ulbricht may influence future debates on criminal justice reform and presidential clemency powers, impacting political landscapes.
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The Financial Times reported on Monday that World Liberty Financial (WLF), the digital asset venture associated with President Donald Trump, has successfully raised $1 billion through its token sales. Initially launched in October with a goal of selling only 20 billion WLF tokens, the decentralized finance’s (DeFi) venture token surpassed this target by selling 21 billion tokens, demonstrating robust demand despite a rocky start. Eric Trump Champions World Liberty Financial At ‘High-Profile Event’ Per the report, this surge in interest comes as WLF announces the release of an additional 5 billion tokens from its total supply of 100 billion, citing “massive demand and overwhelming interest.” The Trump family’s foray into the cryptocurrency space has been marked by a blend of enthusiasm and controversy. Over the weekend, both Donald Trump and his wife, Melania, launched their own memecoins, which experienced rapid spikes in value. Related Reading: $24 XRP Prediction: Bitcoin Maxi Calls It Risky But Possible Eric Trump, actively promoting World Liberty Financial, also attended a “high-profile crypto event” in Washington, celebrating the intersection of politics and digital assets as his father prepares for a new administration. Trump’s embrace of the crypto sector during his election campaign has resonated with industry executives, many of whom anticipate a more favorable regulatory environment compared to the policies of the outgoing Biden administration. The appointment of crypto-friendly figures, such as Paul Atkins to lead the Securities and Exchange Commission (SEC) and David Sacks as the newly created artificial intelligence (AI) and Crypto Czar, further underscores this potential shift. However, the venture has not been without its critics. Trump’s Memecoins Spark Controversy Concerns arise over the limited rights associated with WLF tokens, which provide holders with only minimal voting rights and no economic entitlements. Furthermore, the tokens cannot be traded or sold back to WLF, leading to questions about their long-term value and utility. Compounding the intrigue surrounding WLF, notable crypto entrepreneur and TRON blockchain founder Justin Sun recently revealed a significant investment of $45 million into the venture, raising his total stake to $75 million. The market’s reaction has been volatile, exemplified by Bitcoin’s brief spike to a record high of over $109,000 on Monday, followed by a retraction toward $102,000 after Trump’s inauguration speech. Analysts now speculate that upcoming executive orders from Trump could bolster the crypto industry’s fortunes in the US, although skepticism lingers among some industry veterans. Nic Carter, a venture capitalist, articulated concerns about the “ethical implications” of a sitting president engaging in business ventures that could be perceived as “conflicts of interest.” Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Here’s What’s Supposed To Happen Next The launch of Trump’s memecoins has also stirred controversy, with the Donald Trump memecoin experiencing a sharp decline from a weekend high of $75 to $52. Meanwhile, the Melania Trump memecoin, which disrupted the market dynamics of the Donald coin, saw its value fluctuate significantly from a high of $13.64 to $8.43. Bernstein analysts have noted that this “chaotic crypto era” marks a critical juncture, suggesting that government engagement with cryptocurrencies may redefine the relationship between leadership and emerging technologies. The analysts assert that the launch of Trump and Melania’s memecoins signifies a potential regulatory shift in the country, where digital assets could serve as a direct connection to a mass audience. Featured image from DALL-E, chart from TradingView.com
Derivatives exchange Deribit saw a 95% jump in total company volumes last year, with the largest growth in spot trading.
Crypto wealth management platform SwissBorg integrated Avalanche into its Meta-Exchange (MEX) to introduce one-click cross-chain trading functionality, according to a Jan. 21 statement shared with CryptoSlate. The integration will simplify users’ interactions with blockchain networks and reduce the complexities that have often been an obstacle to adoption. The update positions SwissBorg as the only platform […]
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Coinbase CEO Brian Armstrong predicted that Bitcoin (BTC) will reach the “multiple millions price range” if countries begin implementing strategic Bitcoin reserves following the US. Speaking during an appearance on CNBC’s Squawk Box, Armstrong argued that institutional adoption, the approval of crypto-related exchange-traded funds (ETF) in the US, the potential approval of friendly legislation, and […]
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Bitcoin price bounces back above $106,000 as the US Dollar Index cools and markets react positively to Trump’s economic agenda.
Bitcoin's dip to $100,000 was quickly bought up and its outlook still remains "bright," one analyst said.
The Singapore-based crypto conglomerate has been expanding its footprint in the US market following Donald Trump’s presidential victory.
Phantom, a leading crypto wallet on the Solana blockchain, stated that a recently reported vulnerability does not pose a risk to user funds, following criticism from a security researcher known as @CloakdDev. In a public statement, Phantom apologized for communication delays and emphasized that it remains committed to security. It added: “We believe it does […]
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Chainlink (LINK) has experienced a significant surge in its price, which analysts are attributing to the additional acquisition of World Liberty Financial (WLFI) and the rumors of a brewing partnership with Cardano. Related Reading: Trader’s Hot Take: XRP Branded The ‘Biggest Meme Coin’ In Crypto Chainlink could be off to a good start as the crypto token was able to pull off a big run that propelled the coin from its lowest level to reach over $26 per coin. Chainlink 30% Price Surge Analysts said that Chainlink has successfully positioned itself in the blockchain landscape after breaking the slump that saw the token at its lowest level this year and gaining momentum to surpass its March 2024 high of $22.87 Data showed that the crypto token’s price skyrocketed by 40% to hit $26.85 per coin. The come-from-behind rally also pushed the market capitalization to nearly $17 billion. Meanwhile, LINK was up 30% in the last seven days, data from Coingecko shows. Market observers noted that LINK’s gains to reach $26.87 have allowed the token to get over the resistance level of $22.87, which some analysts suggested the token could be moving towards a highly bullish condition. The cup and handle pattern method showed there is a high possibility that Chainlink would reach its target of $37, which an analyst explains, “The profit target for this pattern is calculated by measuring the depth of the cup and projecting the same distance upward from the breakout point.” WLFI Acquires More Tokens One of the reasons seen by crypto analysts that drive Chainlink’s price in an upward direction is the Trump-associated WLFI which bought a significant number of tokens. According to Nansen, about $4.6 million worth of LINK tokens were acquired by WLFI, bolstering their Chainlink holdings to more than $6.6 million worth of tokens. Some analysts pointed out the possibility of the US Securities and Exchange Commission (SEC) approving a Chainlink ETF if an application is submitted, noting that Trump’s crypto policy could positively affect these tokens. Moreover, data showed that WLFI holds $179 million worth of Ethereum tokens together with other assets like USD Coin, Tether, Wrapped Bitcoin, AAVE, Ethena, and Tron. It is estimated that WLFI has a portfolio that exceeds $322 million in value. Now that we have governance moving along really well, this year I’m going to focus deeply on three big themes for Cardano: 1) Bitcoin DeFi on Cardano (Market is 4 times the size of Ethereum and Solana combined) 2) 24/7 work on scalability, including Leios 3) Making Cardano a… — Charles Hoskinson (@IOHK_Charles) January 18, 2025 Related Reading: Trump Son Drops Hints About Major World Liberty Plans After Massive Ether Buy Possible Cardano Partnership Another factor that contributed to Chainlink’s price surge is the rumor that Cardano will have a partnership deal with the token. No less than the Cardano founder, Charles Hoskinson, hinted that a potential collaboration is underway, saying they are looking to build more partnerships this year. According to Hoskinson, one of his goals this year is to make Cardano “a peninsula, not an island.” “Integrations, integrations, integrations. Already got a meeting with Chainlink on the books,” the Cardano founder said in a post. Featured image from CoinFlip.tech, chart from TradingView
ETH’s price momentum slows amid leadership disputes at the Ethereum Foundation and Solana's expanding DApp market share.
Shiba Inu (SHIB), the popular and second-largest crypto meme coin, is poised for a price surge as it has formed a bullish price action pattern on its four-hour time frame. In addition, the overall market sentiment appears to be shifting from a downtrend to an uptrend, with SHIB seeming to breach its prolonged consolidation or …
Brian Armstrong said his cryptocurrency exchange would delist USDt if Tether cannot comply with any new US legislation.
A Solana wallet tied to renowned blockchain investigator ZachXBT has been accused of withdrawing nearly $4 million from a memecoin project associated with his name. The controversy comes amid a community-led effort to raise funds for his investigative work. ZACHXBT token Blockchain data shows that an address allegedly belonging to ZachXBT, identified as investigations.sol, received […]
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Knowing when to buy and when to sell Bitcoin can be nerve-racking for investors, but a BTC macro cheat sheet from Cane Island Digital could ease the process.
A study by the Department of Veterans Affairs says that drugs like Ozempic can do plenty more than just help with weight loss.
The deal combines the issuers of the second-largest stablecoin and the largest onchain money fund by market cap.
Wingbits' aim is to offer rewards-based flight tracking using cryptographically-secured ADS-B receivers.
The US financial watchdog announced on Jan. 21 a task force aimed at developing a regulatory framework for digital assets.
Ethereum, the largest altcoin by market capitalization, is trading at surprisingly low levels compared to its peers, raising concerns among investors. As the broader crypto market shows signs of strength, Ethereum’s underperformance has sparked fears that this cycle may not deliver the returns many expected from the leading altcoin. Sentiment in the market is shifting, with some questioning whether Ethereum can reclaim its former dominance amid fierce competition from emerging projects. Related Reading: Dogecoin Trades Within Multi-Year Ascending Channel – Expert Sets $15 Price Target However, a closer look at key metrics offers a more optimistic perspective. According to the MVRV Pricing Bands chart, Ethereum is still far from its previous all-time high (ATH). This metric, which evaluates the market value relative to realized value, suggests that ETH has significant room to grow in the coming months. While the current price action may seem discouraging to some, historical data indicates that Ethereum often lags in the early stages of a bull market before catching up with explosive moves. For long-term investors, this could represent an opportunity rather than a setback, as Ethereum’s fundamentals remain strong and its ecosystem continues to expand. As the market anticipates the next phase of growth, all eyes are on Ethereum to see if it can reclaim its leadership role and deliver on its potential. Ethereum Preparing To Surprise The Market Ethereum has faced significant challenges over the past month, remaining in a downtrend since mid-December. The cryptocurrency has dropped as much as 29% in less than 30 days, testing the patience of investors as the broader market shows strength while ETH struggles to gain momentum. Trading below key supply levels, Ethereum’s performance has raised concerns about its ability to keep up with the overall crypto rally. Despite the bleak sentiment, some analysts see Ethereum’s current situation as an opportunity rather than a setback. Top analyst Carl Runefelt recently shared insights on X, pointing to the MVRV Pricing Bands chart as a key indicator of Ethereum’s potential. According to Runefelt, ETH is far from its all-time high (ATH), suggesting significant room for growth. He confidently stated that a $7,000 price target for Ethereum is only a matter of time, given its long-term fundamentals and historical market cycles. Runefelt also highlighted Ethereum’s readiness to change the bearish sentiment surrounding it. As the second-largest cryptocurrency by market cap, Ethereum’s extensive ecosystem and institutional adoption remain strong drivers for future growth. Related Reading: Solana Turns Key Level Into Support – Analyst Expects ‘Violent Moves Before Next Leg Up’ For investors with a long-term outlook, Ethereum’s current underperformance could represent a strategic entry point. With sentiment poised to shift and key metrics signaling room for growth, ETH has the potential to recover and reclaim its position as a market leader. ETH Price Testing Key Demand Ethereum (ETH) is currently trading at $3,302 following days of heightened volatility and sustained selling pressure. Despite the challenging market conditions, ETH has demonstrated resilience by holding above a key demand zone near the 200-day exponential moving average (EMA) at $3,127. This critical level has acted as a strong support, signaling that buyers remain active even amid market uncertainty. For Ethereum to reclaim bullish momentum, the price needs to break above the $3,520 resistance level with conviction. This move would not only reinforce confidence among investors but also pave the way for further upside. Holding above $3,520 is essential for confirming a shift in market sentiment and establishing a foundation for a sustained rally. Related Reading: Bitcoin Reclaims Crucial Liquidity Level – No Resistance Left Below ATH As ETH navigates these pivotal levels, traders are closely monitoring its ability to maintain support and generate upward momentum. A successful push above $3,520 could trigger increased buying activity, potentially setting the stage for Ethereum to resume its uptrend. However, failure to clear this resistance could lead to continued consolidation, delaying a potential recovery. For now, all eyes remain on Ethereum as it tests key technical levels in a bid to regain its position as a top-performing asset in the crypto market. Featured image from Dall-E, chart from TradingView.
The official President Donald Trump memecoin called TRUMP launched on Jan. 17 and soared to a $72 billion market valuation within just two days. Backed by the Trump family, the crypto ignited significant public interest while simultaneously becoming a lucrative target for fraudsters. A report by Web3 security firm Blockaid highlighted the rapid escalation of […]
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The Official Trump (TRUMP), a recently launched meme coin on the Solana blockchain, is making waves and gaining significant attention from crypto enthusiasts. Today, January 22, 2024, the TRUMP meme coin is poised for significant upside momentum due to the formation of bullish price action on the hourly time frame. TRUMP Technical Analysis and Upcoming …
DOGE is being sued by an ethics watchdog, a nonprofit law firm, a federal workers union and a nonprofit members organization.
Buterin labeled inflammatory X posts about the head of the Ethereum Foundation as "pure evil."