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Base’s Jesse Pollak says L2s can’t be “Ethereum but cheaper” as builders respond to Vitalik Buterin’s call for specialization.
BitMine chairman Tom Lee said unrealized losses on the firm’s Ethereum treasury holdings are "a feature, not a bug."
Ether risks declining toward the $1,665-$1,725 range in February, according to a confluence of bearish technical and on-chain indicators.
The reported acquisition comes as Ethereum staking demand surges, with more than 30% of ETH supply locked and validator wait times stretching beyond 70 days.
Analysis of 227 million USDC and USDT balance updates found that 43% were dust transfers under $1, said Coin Metrics.
The firm said unrealized losses are expected in a downturn, arguing its ethereum-heavy balance sheet is designed to track and outperform ETH over a full market cycle.
The Ethereum co-founder said many layer‑2s have failed to decentralize and continue to be mediated by multisig bridges instead of inheriting Ethereum’s security advantages.
Some layer-2 networks have made concessions when it comes to decentralization, Buterin said, and shouldn’t be “branded” as extensions of Ethereum.
The sell-off was driven by risk-off positioning and heavy derivatives speculation, with futures volume surging even as spot trading declined.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The roadmap in place doesn't make as much sense because progress among layer-2s toward later stages of decentralization has been slower and more difficult, and Ethereum itself is now scaling directly...
Buterin previously championed a "rollup-centric" roadmap that would scale Ethereum through a network of branded shards.
