ETH/BTC exchange rate has reached its lowest level in nearly five years, with some investors even calling ETH a "completely dead" investment. Castle Island Ventures partner Nic Carter believes that "ETH died in its own hands" because L2 is too greedy, leading to a decline in Ethereum transaction activity, user growth, and fees/revenue. Ethereum can be seen as a practical network, but "absolutely not" as an investment.
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Castle Island Ventures partner: L2 is too greedy, leading to Ethereum's sluggish performance
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The US spot Bitcoin ETF saw a net outflow of $60.51 million yesterday.
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BitMine increased its holdings by approximately 138,400 ETH last week, bringing its total holdings to over 3.86 million ETH.
as of 8 PM Eastern Time on December 7, BitMine's cryptocurrency holdings include: 3,864,951 ETH (an increase of 138,452 ETH compared to last week), valued at approximately $13.2 billion at current prices; 193 BTC, $36 million shares of EightcoHoldings (Nasdaq code: ORBS), and $1 billion in unsecured cash. -
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Robinhood announced on Monday plans to attract more high-level, high-volume cryptocurrency traders in the US and EU by launching new features including reduced fees and increased leverage for altcoin futures. The company stated in a release that it has expanded the available fee tiers in the US from three to seven, "offering rates as low as 0.03% for high-volume users." In the EU, users wishing to trade perpetual futures can now trade new pairs of XRP, DOGE, SOL, and SUI, with eligible customers able to trade with up to 7x leverage. -
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White House economic advisor Hassett: Interest rates should continue to be lowered.
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Paradigm invests $13.5 million in Brazilian stablecoin startup Crown.
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