The Ethereum Foundation's $165 Million Multisig Initiative Marks a Strategic Shift
The EF has transferred 50,000 ETH ($165 million) to a Safe Multisig wallet, marking its first foray into DeFi.
This 3/5 configuration is secure, but the timing raises questions as the treasury has shrunk by 39% over three years, currently standing at $970 million.
With 81% of their assets in cryptocurrencies, 99% of which is ETH, exploring DeFi tools like Aave could diversify returns.
However, despite the yield potential, the lack of staking reflects regulatory caution and concerns over neutrality.
The bigger takeaway? Even giants like the EF need to adapt.
He doesn't even believe that it will rise, so he sells his own coins to buy others' Even if it will rise in the end, what's the point? A group of people are trapped at high prices, who will buy it in the next cycle. Who else is hiding from the bull market in ETH? $ETH
An increase of 100% will make it 7000. It's not as difficult as I thought.
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Will Ethereum's price reach $5,000 in the first three months of 2025?
For Ethereum (ETH) to reach $5,000, it needs to rise about 46% from the current $3,415.4. Considering that ETH increased by 71% in just 30 days starting from November 5, it is very likely that Ethereum's price will reach $5,000 in the first three months of 2025. Ethereum has risen 2.46% in the past 24 hours and is likely to maintain this bullish outlook. Can Ethereum reach $5,000 in the first three months of 2025? As mentioned above, Ethereum's price may reach $5,000 in the first three months of 2025. ETH's historical return rate shows that the average return in the first quarter over the past eight years has been 82.72%. Therefore, if history repeats itself, Ethereum's trading price will be around $6,276, approximately 82.72% from the current price of $3,415.4.
This wave is likely to swallow back all the profits
ä½ē¬Ember
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The swing trader can play in any direction~ he's shorting ETH again š
The swing trader sold all the ETH he bought last night this morning, making $230,000. I thought he would wait for the ETH price to drop a bit before buying back like before, but instead, he jumped back in just 2 hours ago. However, this time he didn't buy ETH, but instead collateralized USDT to borrow 10,612.6 ETH from Aave and sold it at a price of $3,387, exchanging it for 35.94 million USDT.
Just a blog created with WordPress, with a hosting cost of 30 dollars a year. Do we still need any sponsorship?
Binance News
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Ethereum Newsweek ceases operations as Ethereum Foundation withdraws support
According to ChainCatcher, Evan Van Ness, founder of Ethereum Newsweek, announced that the newsletter will cease operations due to communication with the leadership of the Ethereum Foundation.
WiE received only token funding for the remainder of 2024, but the Ethereum Foundation chose to cut off this paltry support, making it clear that WiE would end immediately.
Evan Van Ness said that despite WiE's impact on developers, it failed to find a sustainable business model, and advertising and sponsorships were difficult to sell, leading to the end of operations.
Robin Li: Baidu looks forward to explosive growth in AI penetration rate by 2025
According to ChainCatcher, Baidu founder Robin Li stated in a letter to all employees that Baidu has always been at the forefront of technology, and technological innovation is the core competitive advantage.
The letter mentions that although super apps have not yet emerged, the actual penetration rate of AI is not low and will continue to experience explosive growth in 2025.
The buying power of the Americans is really strong. Just looking at these two coins, $XRP and $ETH , they are completely dominated by American funds. During the day, these two coins plummeted, and by night, it was daytime in America, John and Mary woke up, and the prices were quickly pushed up.
XRP is really a resilient coin that won't die easily. Despite multiple fluctuations during this period, it has managed to hold steady around $2.2.
ETH, many institutions entered at $3600, and once the price drops just above $3000, it quickly rebounds. Let's see how the market behaves after Christmas and whether it can once again validate the observations above.